House Republicans Reject Bundling Housing Bill with Cryptocurrency Legislation

Odaily News: House Republicans have rejected a legislative deal proposed by the Senate. The deal suggested incorporating the House's bipartisan community bank deregulation bill into pending cryptocurrency market structure legislation, in exchange for the House accepting the Senate-passed housing affordability bill. Rep. Bill Huizenga, Vice Chairman of the House Financial Services Committee, expressed skepticism about this. Senate Banking Committee Republicans discussed the deal in a closed-door meeting last week, with Senator Katie Britt assisting in pitching the proposal to other Republican senators. The House had included community bank deregulation provisions in a housing bill passed in February this year, but the housing bill passed by the Senate this month did not contain these provisions. House Republicans stated that there are still several issues in the Senate housing bill that need to be resolved, and simply adding the banking bill to the cryptocurrency legislation is not enough to persuade them to accept the Senate version of the housing bill. Rep. Andy Barr, a senior member of the House Financial Services Committee, expressed support for including the banking regulatory provisions in the cryptocurrency legislation but also demanded that the Senate incorporate some of the House's housing proposals.