US Congress Reaches Agreement on Housing Bill, Including Extension of Federal Reserve's Ban on Developing Central Bank Digital Currency Through 2030

Odaily Odaily reports that US congressional leaders announced on Tuesday that they have reached an agreement on a comprehensive housing bill. The agreement includes restricting institutional investors from purchasing single-family homes, removing a provision requiring investors to dispose of build-to-rent properties within seven years, and incorporating bank deregulation measures, while extending the ban on the Federal Reserve's development of a central bank digital currency through 2030. The Senate Majority Leader expects the Senate to pass the bill this week, and the House of Representatives will send it to the President for signature next week. (Bloomberg)