Previewing The Week Of June 22: Housing Bill Should Pass Senate, House In Days

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Previewing The Week Of June 22: Housing Bill Should Pass Senate, House In Days

TD Securities (USA) LLC POLICY NOTE

June 21, 2026

■WRG Crypto Currency Previewing The Week Of June 22: Housing Bill

■WRG Financial Services

■WRG Financials Looking Ahead Should Pass Senate, House In Days

■WRG Housing

Jaret Seiberg THE TD COWEN INSIGHT

202 868 5313

What to expect this week:

jaret.seiberg@tdsecurities.com

■The Senate on Monday should pass the housing bill with the House following suit on

Wednesday. It benefits manufactured housing while protecting built-for-rental housing.

■Federal Reserve on Wednesday releases the annual stress test for big bank financial health.

■House Financial Services on Wednesday holds a hearing on the future of payments.

We expect Congress this week to enact the 21st Century Road to Housing Act.

The bill:

■Eliminates the permanent chassis requirement for manufactured housing.

■Establishes HUD as the primary regulator of modular housing.

■Requires FHA to assess barriers to FHA-backed loans for modular housing.

■Bars institutional investors -- defined as those owning more than 350 single-family rental

units -- from buying more single-family rentals.

■Protects built-to-rent by exempting single-family houses built as rentals from the investor

restrictions.

■Creates a HUD program for mortgages of less than $100,000.

■Reduces zoning barriers at the federal level to home construction.

■Expands the amount of reciprocal deposits a bank may possess without them being

deemed brokered. A bank may have reciprocal deposits equal to 50% of total liabilities for

the first $1 billion of total liabilities. That ratio drops to 40% for the next $9 billion of total

liabilities and 30% for total liabilities of between $10 billion and $96.33 billion.