FY27 Budget & Congress Reconciliation
Key Questions
What major housing legislation passed Congress recently?
The bicameral ROAD Act passed with strong bipartisan support, restricting institutional investors in housing. It includes a rider banning Fed CBDC and awaits presidential action amid a veto threat tied to the SAVE Act.
How much funding was approved for ICE and border security?
The Senate passed a $70B ICE/Border Patrol bill, and the House approved a $70B ICE funding measure that Trump signed into law as the Secure America Act. A separate $70B reconciliation effort was blocked by the Senate Parliamentarian.
What happened with the MilCon/VA appropriations bill?
The House passed a $157B MilCon/VA and Housing Bill. Proposed 12.5% HHS cuts stalled, and bipartisan efforts continue to prevent a government shutdown.
Did Congress address veterans' disability benefits in recent actions?
Senators including Angus King rejected proposed cuts to veterans’ disability benefits. The VA-related funding remains part of the unfinished appropriations process as Congress recessed.
What is the status of the FAFSA fraud screening and Ukraine aid bills?
The House passed a FAFSA fraud screening bill and approved $9B in Ukraine aid through a discharge petition. Both measures advance amid ongoing budget reconciliation talks.
House passes MilCon/VA $157B and Housing Bill. Senate Parliamentarian blocks $70B ICE/CBP; 12.5% HHS cuts stall. Bipartisan shutdown prevention bill moving. White House scraps $1.8B Anti-Weaponization Fund. Senate passes $70B ICE/Border Patrol bill. GOP plots third reconciliation bill before August recess. Trump calls for 'RECONCILIATION 3.0'. House passes $9B Ukraine aid via discharge petition. House passes $70B ICE funding bill 214-212; Trump signs Secure America Act. SAVE Act stalls in Senate. House passes FAFSA fraud screening bill. Bicameral housing reform (ROAD Act) passes Congress 358-32 House, 85-5 Senate, restricting institutional investors; Trump threatens veto unless SAVE Act passes. Trump refuses to sign, Warner says it can still become law via pocket veto or override. Congress also buries Fed CBDC ban in housing bill as rider. Senate hearing on defense spending and fraud with OMB nominee. White House requests $87.6B supplemental for Iran war costs (see Iran highlight). Trump publicly scolds GOP hardliners to 'unify'; housing, defense, and farm bills remain unfinished.