The US Congress has reached a consensus on a comprehensive housing bill that includes extending the ban on the Federal Reserve developing a central bank digital currency (CBDC) until 2030. This agreement, announced on Tuesday, resolves a prolonged stalemate between the House and Senate.
Key provisions of the bill include restrictions on institutional investors purchasing single-family homes and the removal of a clause requiring investors to sell post-construction rental properties within seven years. Additionally, the bill introduces deregulation measures for banks. The Senate Majority Leader anticipates the Senate will pass the bill this week, with the House expected to forward it to the president for signing next week.
US Congress Agrees on Housing Bill, Extends CBDC Ban to 2030
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