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U.S. senators who opposed housing bill got tens of thousands from Blackstone, other groups
Ten senators opposing the bill received significant campaign donations from institutional investors who stand to lose from restrictions on single-family home purchases and build-to-rent rules.
- Only 10 U.S. senators voted against the bipartisan 21st Century Road to Housing Act, which restricts large institutional investors from buying single-family homes and requires selling build-to-rent homes within seven years.
- Data from OpenSecrets shows these 10 senators received contributions ranging from $48,650 to $468,916 from institutional investors and real estate groups whose profits could drop if the bill becomes law.
- Sen. Ted Cruz and Sen. Mike Lee cited policy concerns; Cruz argued bureaucrats should not dictate local zoning, while Lee's office stated his vote reflected convictions against expanding government programs and federal interference in land-use decisions.
- Other lawmakers offered specific justifications; Tommy Tuberville prioritized unrelated voter ID legislation, while Todd Young's office cited his preference for separate bipartisan bills addressing regulatory barriers to housing supply.
- The U.S. House has yet to take up the Senate-passed legislation, though cautionary comments from House Financial Services Chairman French Hill and Rep. Bill Huizenga indicate the bill will face a tough crowd.
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U.S. senators who opposed housing bill got tens of thousands from Blackstone, other groups
(The Center Square) – Only 10 U.S. senators voted against the bipartisan housing bill that restricts large institutional investors from buying up single family homes and requires investors to sell build-to-rent homes within seven years.
Coverage Details
Total News Sources34
Leaning Left6Leaning Right7Center10Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 26%
C 44%
R 30%
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