White House · Donald Trump · US Senate · U.S. · Decrypt
President Donald Trump said Thursday he will not sign a bipartisan housing bill that includes a multi-year ban
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Unless the president actively vetoes the legislation before midnight tonight, however, it will automatically become law.
Key facts
- The legislation previously cleared both chambers with veto-proof margins, passing the Senate 85-5 and the House 358-32
- But Trump’s refusal to sign the 21st Century ROAD to Housing Act wouldn’t kill the bill
- Under the Constitution, a bill passed by Congress automatically becomes law after 10 days without the president's signature, provided Congress remains in session
- Earlier this year, lawmakers also added a provision to the bill prohibiting the Federal Reserve from issuing a central bank digital currency through the end of 2030
Summary
President Trump said he will not sign a bipartisan housing bill containing a temporary CBDC ban. It will automatically become law tonight at midnight unless he vetoes it. The White House declined to say whether Trump plans to issue a veto before the deadline. President Donald Trump said Thursday he will not sign a bipartisan housing bill that includes a multi-year ban on the issuance of a U.S. central bank digital currency, or CBDC.