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Sen. Warnock's ban on private equity firms buying single-family homes becomes federal law (www.cbsnews.com)
submitted 3 months ago by to c/upliftingnews@lemmy.world
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As CBS News Atlanta previously reported, more than one in four single-family rental homes in metro Atlanta are owned by large corporate investors — more than 72,000 homes — giving the region one of the highest concentrations of institutional ownership anywhere in the United States.

Housing advocates have argued that those companies can outbid families with cash offers, reducing the number of homes available to first-time buyers while contributing to higher home prices and rents.

Warnock has repeatedly cited those trends in pushing the legislation, saying corporate investors have increasingly treated homes as financial assets instead of places for families to live.

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[–] 26 points 3 months ago (7 children)

Under the Constitution, legislation passed by Congress can become law if the president neither signs nor vetoes it within the required 10-day window while Congress remains in session.

I wonder if Trump simply misunderstood the execution of a Pocket Veto when he refused to explicitly sign or veto the law.

Also, a little nervous at the prospect of the SCOTUS deciding to rewrite the rules on the pocket veto. Or whether they'll just find some other bullshit reason to overturn this law.

Good on Warnock for getting this language through a minefield of a legislature. If there's a bright spot on the horizon for 2027, its guys like this in high office. But I'm not pinning my hopes given how absurd the deck has been stacked against the working class of late.

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  • [–] 12 points 3 months ago* (last edited 3 months ago) (5 children)

    ok, so this Bill was passed by a Supermajority (2/3+ majority) in Congress, which means that it doesn't require the President's approval to become law. While his signature would be nice and expedient, it's it's required. So...

    After a prescribed period of time (which has now passed) it becomes law automatically (which has now happened). Yay!

    Under normal circumstances, a law in Congress gets passed by a simple majority (51%). That requires the President to sign off (or they can veto). A lack of signature can act as a "pocket veto" during which the Bill will expire and require a new House/Senate vote to resubmit. But that didn't happen this time.

    Trump got handed a slam-dunk Supermajoority-approved Bill that he decided not to sign and hold hostage for his crybaby shitty-diaper election cheating bill. He lost that fight, and this Supermajority-approved housing bill has now been approved anyway. He could have vetoed it, but it just would have gone back to Congress who would have, again, Supermajority voted to approve it, overriding his veto, and embarrassing him further when it passed anyway.

    So fuck Trump and his Election Cheating Act, and we get this (weak-ass) bipartisan housing bill anyway.

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  • [–] 0 points 3 months ago (4 children)

    this Bill was passed by a Supermajority (2/3+ majority) in Congress, which means that it doesn’t require the President’s approval to become law

    The President can manually veto it. But with that much support, the legislature would presumably override.

    A pocket veto would let the president deny the bill from becoming law by refusing to give the legislature an opportunity to override it. But with Congress in session, that shouldn't work.

    So fuck Trump and his Election Cheating Act

    I mean, it looks like he's finding other ways to cheat. This election will likely go down as one of the gnarliest since Kennedy beat Nixon.

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  • [–] 5 points 3 months ago* (3 children)

    The President can manually veto it. But with that much support, the legislature would presumably override.

    yeah, I literally just explained that

    A pocket veto would let the president deny the bill from becoming law by refusing to give the legislature an opportunity to override it. But with Congress in session, that shouldn’t work.

    I just explained that, too

    I mean, it looks like he’s finding other ways to cheat. This election will likely go down as one of the gnarliest since Kennedy beat Nixon.

    no argument there, but he's been been pulling this crap for a decade now. lest your forget Jan 6, 2021. at this point, anyone who doesn't get this (in the USA) is actively participating as part of the opposition.

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  • [–] 0 points 3 months ago (2 children)

    he’s been been pulling this crap for a decade now

    He's been trying. I don't think he's ever been in such a strong position to outright steal elections. Even Bush Jr didn't have it this good.

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  • [–] 2 points 3 months ago* (last edited 3 months ago) (1 child)

    He’s been trying and failing for over a decade now, and he has an entire circus tent full of incompetent ass clowns. Even Bush Junior at least had competent people by his side. Even Bush Junior was capable of winning two consecutive terms. Bush W never tried to overthrow the government.

    What on earth makes you think that Trump could ever do better than W? shit, even George W. Bush at least served in the Texas National Guard. (how dare you make me defend that turd). W had it way better because he never earned the amount of disapproval and hate that Trump has earned. No president has ever been hated as much as Trump.

    You’ve been drinking too much Kool-Aid, or you are just so young, that you don’t remember being alive when George W. Bush was still president you didn’t live through all of that. But don’t speak as if you’re knowledgeable about the facts, because you’re very obviously are not.

    Trump never got anything that someone didn’t give him. Even most of the GOP has turned against him at this point. You haven’t been paying attention.

    Stop spreading the lies of the fascists, stop being their tool

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  • [–] 1 point 3 months ago

    Even Bush Junior was capable of winning two consecutive terms.

    It's certainly been something of a joke that Trump needed Obama/Biden in office to steal elections.

    But go out to Florida or Mississippi or Arizona or Ohio and you'll find enough election irregularities to swing a race. Texas very famously shut down over 100 polling locations just last year. Mail in voting has been radically parred since the 2020 sweep. In fact, 2021 set the record for most restrictions on voting passed in a single year.

    So the GOP underbelly seems to be on the case, even when the Trump administration fumbles.

    You’ve been drinking too much Kool-Aid, or you are just so young, that you don’t remember being alive when George W. Bush was still president

    I mean, I voted in 2000, and got to watch the Brooks Brothers Riot in real time.

    But that pales beside J6, even if a young Kavanaugh succeeded where an elderly Roger Stone failed.

    Stop spreading the lies of the fascists

    Liberals simply will not accept that their system of elections is compromised to a permanent end, even as the SCOTUS power washes minority voting districts off the map.

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  • [–] 6 points 3 months ago

    Quick! Someone dangle something shiny in front of him before the window closes!

    Maybe hold an award ceremony from “FIFÔ. They are award him the FIFÅ Award for Outstanding Achievement in the Field of Excellence. That might distract him long enough…

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