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Red wealth, dark money: How an American tycoon deploys Mao’s playbook against the West

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Part 2 of a five-part Fox News Digital series investigating the House of Singham examines the “United Front,” a key element of Chinese communist leader Mao Zedong’s “People’s War” strategy.

As CodePink co-founders Jodie Evans and Medea Benjamin ended their activist group’s pilgrimage to communist Cuba yesterday, their sojourn reflected a strategy years in the making: a “united front” aligning far-left, socialist and communist revolutionaries across borders.

In late October 1944, Chinese Communist Party leader Mao Zedong delivered a speech, outlining a strategy to unite disparate groups under a shared ideological framework, telling followers: “For this struggle a broad united front is indispensable.”

More than two decades later, in 1966, Cuban leader Fidel Castro convened revolutionaries in Havana for the Tricontinental Conference, where he pledged “support to any revolutionary movement in any corner of the earth,”

And more recently, an American-born Marxist businessman named Neville Roy Singham sold his technology company, Thoughtworks, for an estimated $785 million in 2017, and a Fox News Digital investigation reveals that he set about building his own version of Mao’s united front.

The investigation, using large language models to analyze hundreds of pages of tax records, organizational messaging, online content and historical records, found Singham pumped at least $278 million into a layered network of 2,000 nonprofits, think tanks, activist groups and media organizations with shared messaging and ideology matching the communist ideals of Mao and Castro, operating across borders while appearing independent. What emerges isn’t a loose coalition but a tightly knit system.

At the time of the sale, Thoughtwork’s chief scientist, Martin Fowler, acknowledged the proceeds would fund Singham’s “activist work.” The sale created a war chest that would flow into the constellation of nonprofits that now comprise the “House of Singham.”

Policymakers and law enforcement officials have gotten a glimpse into pieces of Singham’s influence, from anti-Israel protests in the U.S. to a propaganda machine in India and the hijacking of a labor union in South Africa. But the broader picture is more expansive: a transnational network buried in layer upon layer of companies entangled with shared leaders, shared addresses and a shared mission to spread Marxism and promote China as a global counterweight to the U.S. in a new Cold War.

IRS records show that three entities transferred $278 million from 2017 through 2023 into six core U.S. nonprofits in Singham’s network, but those six nonprofits haven’t operated in isolation. They have functioned as hubs in a broader system, receiving and redistributing funding, and coordinating activity across a widening network of affiliated groups.

POWER COUPLE OF CHAOS: HOW A TYCOON AND ACTIVIST BUILT A ‘REVOLUTIONARY BASE’ AT THE HOUSE OF SINGHAM

In 2017, when Singham married Evans, he relied on many of their wedding guests as lieutenants, consiglieres, strategists, propagandists and field marshals to mobilize thousands of foot soldiers to promote China’s interests. One recurring theme is promotion of China’s Belt and Road Initiative, a global infrastructure and trade effort designed to expand China’s economic and geopolitical influence.

Liu Pengyu, a spokesman for the Embassy of the People’s Republic of China in Washington, D.C., told Fox News Digital, he wasn’t familiar with “the specifics of this particular case.”

Pengyu added that China “welcomes and hopes that more people in the United States will view China in an objective and fair light, and lend their voices to the sound and stable development of China–U.S. relations.”

Rep. Jason Smith, chair of the House Ways and Means Committee, has described Singham as “an individual who lives in Shanghai, maintains business ties with companies and individuals linked to the CCP, works with and physically alongside a foreign propaganda company, and attends CCP forums on how to promote the party abroad.”

According to people familiar with the transactions, Singham used GS Donor Advised Philanthropy Fund For Wealth Management Inc., affiliated with Goldman Sachs Group Inc., to anonymously direct tax-deductible donations to a new tranche of nonprofits established after his marriage to Evans. Goldman Sachs spokesman Tony Fratto said that the company’s philanthropy arm “terminated” Singham’s donor-advised fund in February 2024.

FAR-LEFT ACTIVIST GROUP FACES BACKLASH OVER ‘TONE-DEAF’ PROTESTS AT CUBA LUXURY HOTEL

Fox News Digital also identified two fly-by-night companies – Likewise Conceptions LLC and Mutod LLC – that appear in the network’s financial architecture. 

Likewise Conceptions listed an address outside Chicago, while Mutod used the address of a hotel in downtown Chicago. Two other organizations linked to Singham used a hotel and a cocktail lounge as addresses. Fox News Digital reviewed incorporation papers, state registrations, property records and other open-source materials but couldn’t identify meaningful public footprints for either entity. Singham and Evans didn’t respond to requests for comment.

Those entities functioned as conduits, moving large sums into nonprofits that would then redistribute funds across additional layers of the network.

Over months of reporting, Fox News Digital built organizational charts tracing the network’s structure. At least 18 guests from the “Jodie and Roy” wedding of “One Love” in Jamaica appear within a wider network of about 80 people serving in core leadership across about 15 central organizations. 

The network contains members of Singham’s family, including his son Nathan Singham, his niece Alicia Singham Goodwin and his sister, Shanti Singham, who has academic ties to East China Normal University in Shanghai. The university, which is administered by the Chinese Community Party (CCP), co-sponsored the Global South Academic Conference where Singham appeared last fall, lambasting the U.S. as a “fascist” nation. East China Normal University didn’t respond to a request for comment. 

The wider circle of wedding guests included actor Danny Glover, playwright Eve Ensler, now known as V, and “Democracy Now” TV host Amy Goodman.

Another guest, Ben Cohen, the co-founder of Ben & Jerry’s ice cream, has more recently appeared, getting arrested with CodePink activists as he interrupted Health and Human Services Secretary Robert F. Kennedy, Jr. during a Congressional hearing over Gaza and then called for the defunding of ICE earlier this year. 

FBI agents arrested another wedding guest, Ibrahim AlHusseni, last year for alleged securities fraud and he later entered a guilty plea. Late last year, Evans allegedly helped pay his $3 million bail, according to court-related reporting. He is scheduled to be sentenced in July.

Within this period, the People’s Forum’s organizing work and BreakThrough News coverage became central to nationwide demonstrations, coordinated through the Party for Socialism and Liberation and the ANSWER Coalition. 

FOX NEWS DIGITAL ANALYSIS: HOW MINNEAPOLIS AGITATOR NETWORKS USE INSURGENCY TACTICS TO HINDER ICE

One of the nonprofits Singham funded immediately in 2017 with his newfound wealth was Tricontinental Ltd., based in Massachusetts, led by his friend and wedding guest, Vijay Prashad. It was named for the 1966 Tricontinental Conference.

In a letter to one of the Singham organizations, Tricontinental, Smith warned that “interlocking ownership and management roles” across the entities suggest a strategy to embed CCP propaganda “under the guise of independent scholarship and commerce.” Tricontinental hasn’t made any public responses to the letter, but it posted a video from Brazil last month on Instagram, inviting followers to read the “Communist Manifesto” for “Red Book Day.”

Fox News Digital found that one nonprofit that Singham funded, the People’s Support Foundation, reported investments for years in the China-U.S. Industrial Cooperation Partnership Parallel LP, an investment vehicle tied to a partnership between Goldman Sachs and the China Investment Corporation, the state-sanctioned investment arm of the Chinese Communist Party.

In its 2019 tax filing, the People’s Support Foundation disclosed a $75,165 holding. By 2024, the holding had grown to $410,484, according to tax records.

The amounts were modest. But they placed a Singham-linked nonprofit inside a financial structure designed to blend U.S. private-equity management with Chinese state capital during a time of heightened national security scrutiny. While the records do not prove coordination or intent, they reveal overlapping interests at a sensitive geopolitical intersection.

In 2019, that partnership purchased Boyd Corporation, a California-based manufacturer.

Fratto said those investments were legal and “intended to increase foreign direct investment in the United States.” He added the investments “don’t confer any control over the companies by an individual investor.”

Less than three weeks after the Singham-Evans wedding, on Feb. 27, 2017, the People’s Forum was registered in New York state, according to state records.

Singham initially funneled $2.5 million into the People’s Forum. It had some familiar names on the board: Evans and Claudia De la Cruz, a wedding guest and a leader in two organizations that would become critical in sowing mayhem on the streets of the U.S., the People’s Forum and the Party for Socialism and Liberation.

Another key board member was Manolo De Los Santos, a self-avowed Marxist born in the Dominican Republic. Outside the People’s Forum headquarters in New York City recently, he refused to answer questions from a Fox News Digital investigative team.

De Los Santos has publicly posted photos of himself with Venezuelan leader Nicholas Maduro, Cuban President Miguel Diaz-Canel and Fernando Gonzalez, one of the “Cuban 5,” Cuban intelligence officers arrested in 1998 in the U.S. for spying and later convicted. 

Brian Becker, a longtime Marxist organizer, also became a key figure around the People’s Forum, turning it into a base for expanding protest infrastructure he’d already cultivated with the ANSWER Coalition and Party for Socialism and Liberation, organizing anti-American demonstrations as the son of an American Marxist leader from the 1960s. He also refused to answer questions from Fox News Digital, calling a journalist a “terrorist.”

Ismail Royer, a former extremist imprisoned for supporting the Lashkar-e-Taiba militant group in Pakistan, remembers Becker and his socialist crew taking over protests and telling Muslim groups to step aside. 

“They told us, ‘Just show up. We’ll take care of everything,” Royer told Fox News Digital.

Over the following years, Singham doled out a total of $22.4 million to the People’s Forum, according to Fox News Digital’s analysis.

The organization operated not just as a physical space, but as a coordination hub in the emerging Mao-style united front, linking funding, messaging and protest activity. It was also moving money into protest infrastructure, including funding tied to large demonstrations.

In its first year, the People’s Forum said it spent $428,470 developing a space to “foster collaboration and exchange between diverse social movements,” to “build unity across historic lines of division at home and abroad” and “nurture the next generation of visionaries and organizers who believe that through collective action, a new world is possible.

In late 2021, the People’s Forum hosted a day-long conference on “China and the Left,” featuring Singham’s friend, Prashad, the Qiao Collective and Tings Chak, Prashad’s colleague at Tricontinental with close ties to academic institutions in China. 

Sessions included “Poverty Alleviation in China,” China “as a Model for Third World Development” and “China as a Challenge to Capitalism.” 

The day’s speakers blasted “The U.S. Hybrid War on China,” “Anti-Asian Violence” in the U.S. and an American bias they dubbed “yellow peril.”   

In 2023, the People’s Forum gave the ANSWER Coalition’s fiscal sponsor, Progress Unity Fund, $26,400 it raised at the anti-Israel “National March on Washington” on Nov. 4, 2023, less than a month after the Oct. 7 attack. It wasn’t a lot of money, but the payment reveals the way these organizations work in lock-step with each other.

The next year, Progress Unity Fund reported a $267,756 payment to the ANSWER Coalition for “mobilizing hundreds of thousands of people in a [sic] mass actions in Washington, D.C. and around the country,” according to its tax filing. 

It gave $35,000 to BreakThrough BT Media Inc., which broadcast the anti-U.S. protests to the world.

Not long ago, according to property records, the People’s Forum purchased a multi-million dollar building on 14th Street on Manhattan’s Lower East Side.

Fox News Digital found that Singham allegedly used two mystery companies to pour money into another new nonprofit, the People’s Support Foundation Ltd., again with Evans on the board, along with former Thoughtworks executives. 

IRS filings show that in 2017, Mutod LLC, just established on Sept. 11, 2017, in Delaware, transferred $160.2 million into the People’s Support Foundation. In IRS filings, Mutod used the address of a hotel on E. Wacker Drive, suite no. 256.

Meanwhile, Likewise Conceptions LLC, which shared an address with a FedEx store on Liberty Road in Crystal Lake, Il., north of Chicago, poured $3.5 million into the People’s Support Foundation. And Mutod LLC put another $3.8 million into the organization in 2018.

The People’s Support Foundation then became a funding source for another tier of entities with generic names, including the People’s Welfare Association and the United Community Fund.

Both were registered as 501(c)(4) political nonprofits. Both used UPS Stores as mailing addresses. Both included familiar names from the House of Singham on their boards.

They repeated a recurring pattern in the network: new nonprofit layers appear with generic names, limited public footprints and overlapping leadership, as money continues to move outward.

The United Community Fund listed its tax code as “Q01: International, Foreign Affairs, and National Security Alliances and Advocacy.”

The United Community Fund had some strong anti-American voices on its board: Layan Fuleihan, a fiery Palestinian American leader at the People’s Forum who has led virulent anti-Israel protests; and Chak, a trusted figure in the Singham inner circle and Tricontinental official with ties to Chinese universities.

The money flowing from the People’s Support Foundation into the United Community Fund followed a familiar pattern: one layer funding another, with overlapping personnel and funding.

A question hangs over the structure Fox News Digital traced: why does the House of Singham rely on multiple nonprofit layers, recurring addresses and recycled leadership to move money and organize activity?

As the network expanded across nonprofits, media platforms and activist groups, it promoted the old ideas of Mao and the “United Front.” In February, at the launch of a new book, “Tricontinental, Havana 1966,” filled with speeches and documents from the conference, Prashad and De Los Santos regaled an audience at the People’s Forum with stories of the global communist “revolutionaries” at the conference led by “our commander Fidel,” as Prashad described Castro. De Los Santos noted the participants “weren’t armchair leftists,” who were “shifting from one hotel to the other doing international left tourism.”

“We believe strongly that communism is the actual movement of history,” Prashad said.

Earlier this month, the State Department identified the People’s Forum and CodePink as vectors of threat because of their alignment with the People’s Republic of China. The State Department said the groups “denigrate the United States, whitewash the violence of Marxist regimes, and run cover for narco-terrorists like {former Venezuelan dictator Nicolas] Maduro while enjoying an influx of cash from a donor network with connections to the Chinese Communist Party.”

Meanwhile, the House Ways and Means Committee and House Oversight Committee are investigating the Singham network for potential violations of nonprofit law. Justice, State and Treasury Department officials are also investigating Singham and the organizations he has funded, according to people familiar with the investigations. 

Last September, the House Committee on Oversight and Government Reform Chairman James Comer, R-Ky.), and the Task Force on the Declassification of Federal Secrets Chairwoman Anna Paulina Luna, R-Fla., asked Treasury Secretary Scott Bessent to conduct a “comprehensive evaluation to determine whether federal sanctions, civil remedies or criminal penalties—including asset freezes or seizures—should be applied to far-left entities organized and funded by Mr. Singham.”

The Trump administration has precedent to act. The Justice Department prosecuted a nonprofit in USA v. Babakov, ECF for serving “as a front for a global foreign influence campaign to advance Russia’s foreign policy objectives.” That case didn’t have any connection to Singham or his network.

Smith said at a recent hearing, “This is something every American should care about.” The investigations are ongoing, and no one in the Singham network has been charged with any crimes nor has any action been taken against any organizations or individuals in the Singham network. No one from the Singham network has been found liable for any legal violations.

The White House recently created a new National Security Council position, called the “Director of Cognitive Advantage,” held by Shawn Chenoweth, to address what officials describe as information warfare, a critical element of a nation’s “soft power.”

In public remarks, Chenoweth has described the job as putting the “I,” for “information,” back into a national power framework known as DIME: diplomatic, information, military and economic power.

The Singham network sits at that intersection, and as Evans’ and Benjamin’s CodePink delegation departed Cuba, the convoy reflected the outward expression of a structure built over years, following Mao’s strategy of connecting international travel, coordinated messaging and on-the-ground activism in a “United Front.”

“Viva Cuba!” Benjamin shouted from the airport, as her fellow radicals flashed “V” for victory signs.

Nikolas Lanam, Brooke Curto and Kyle Schmidbauer contributed to this report.

Up next in Part 3: How the House of Singham funds and distributes pro-China, anti-America “Propaganda Work” through media ventures, content networks and transnational messaging platforms.

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Tucker Carlson Officially Makes Shock Announcement — He’s Out

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Tucker Carlson Officially Makes Shock Announcement — He’s Out

A growing divide within the conservative movement is becoming increasingly difficult to ignore, as longtime commentator Tucker Carlson declared that he no longer considers himself a Republican, citing frustration with what he sees as the party’s abandonment of its America First roots.

Carlson made the remarks during a podcast appearance with hosts Travis Dhanraj and Karman Wong, where the discussion turned to the political landscape ahead of the upcoming midterm elections and whether voters remain satisfied with the direction of the Republican Party.

While Carlson made clear that he remains aligned with many conservative principles, he argued that some Republican leaders have drifted away from the priorities that helped fuel President Donald Trump’s rise and transformed the GOP into the dominant force it is today.

“I’m out,” Carlson said during the interview.

“And if I’m out, then I think a lot of other people are out.”

Carlson’s comments came as he discussed polling data and voter sentiment ahead of the next election cycle.

“I would not support the Republican party. There’s no chance I would support the Republican party,” he said.

The former Fox News host argued that certain Republican lawmakers had betrayed their voters by supporting policies he believes put foreign interests ahead of American priorities.

“How could I or any American voter support a political party that’s not loyal to the United States? That puts the interests of a foreign country above those of its own citizens?

“It’s not possible to vote for people like that, and I’m not going to.”

Carlson’s remarks highlight a growing debate inside conservative circles over the future direction of the Republican Party.

At the center of the disagreement is not President Trump himself, but rather how some Republicans have approached foreign policy, military intervention, and America’s role overseas.

Trump built his political movement on the promise of putting American interests first, securing the border, rebuilding the economy, restoring energy independence, and avoiding the endless foreign conflicts that frustrated many voters for decades.

Many of Trump’s supporters continue to view the America First agenda as one of the defining achievements of his political movement.

Carlson suggested that some Republicans have lost sight of those principles.

“I think I’ve voted Republican my entire life,” Carlson said.

“I’ve been a consistent defender for 35 years, of the Republican party. I mean, a very consistent defender.”

“But there’s no defending this because it’s immoral and it’s exactly the opposite of what a political party in a democracy is charged with doing — which is representing its own voters, its own citizens, its own nation.”

“And they’re not doing that,” Carlson concluded.

The comments come amid an ongoing debate among conservatives regarding foreign policy, particularly following recent tensions involving Iran and the broader Middle East.

Carlson has been one of the most vocal advocates of a non-interventionist approach that emphasizes American interests above foreign entanglements. Other conservatives, including commentators and lawmakers aligned with a more traditional hawkish worldview, have argued that a strong American presence abroad remains necessary to protect national security.

The disagreement intensified after military operations involving Iran earlier this year, with Carlson and several other prominent voices warning against policies they believe could lead to deeper involvement in overseas conflicts.

Despite those disagreements, Carlson has generally continued to support many of Trump’s domestic policies, including border security, immigration enforcement, energy production, and efforts to prioritize American workers and taxpayers.

The broader divide illustrates the ongoing evolution of the Republican Party under Trump’s influence.

For decades, the GOP was largely defined by traditional establishment conservatives who favored aggressive foreign policy and intervention abroad. Trump’s rise fundamentally reshaped that coalition, bringing millions of working-class voters, independents, and populist conservatives into the party.

Today, debates like the one Carlson has raised reflect a larger question facing Republicans: how closely the party will adhere to the America First principles that helped fuel Trump’s political success.

Whether Carlson ultimately returns to the Republican fold remains to be seen. But his comments underscore a reality that many political observers have noted in recent years: the future of the conservative movement is increasingly being shaped by debates over foreign policy, national sovereignty, and what it truly means to put America first.

As those discussions continue, one thing remains clear: the America First movement that transformed Republican politics is still driving much of the conversation inside the conservative movement today.

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Top Fox News Host Suffers Deranged Meltdown On LIVE TV — Doesn’t End Well…

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Top Fox News Host Suffers Deranged Meltdown On LIVE TV — Doesn’t End Well…

A growing divide within the conservative movement spilled into public view this weekend as Fox News host Mark Levin launched a blistering attack on President Donald Trump’s Iran strategy, accusing the administration of pressuring Israel while pursuing a diplomatic agreement designed to permanently prevent Iran from obtaining a nuclear weapon.

The dispute comes as the Trump administration continues negotiations with Tehran following a series of devastating military strikes that crippled Iran’s nuclear infrastructure, eliminated key regime leaders, and left the Islamic Republic in one of the weakest positions it has faced in decades.

President Trump and Vice President JD Vance have argued that the administration is negotiating from a position of overwhelming strength after demonstrating a willingness to use military force when necessary. Their goal, they say, is simple: ensure Iran never obtains a nuclear weapon while avoiding another endless war in the Middle East.

Levin, however, remains deeply skeptical.

During a fiery monologue that lasted more than 17 minutes on Saturday, the longtime conservative commentator accused members of the administration of unfairly targeting Israel while becoming too optimistic about Iran’s intentions.

“I want to say to people in and out of the administration: stop trashing, smearing, bullying the little state of Israel. Stop cozying up to and telling us that the enemy regime in Iran is now more rational, more moderate, and a regime that we can deal with,” Levin demanded. “When just a few months ago they slaughtered 50,000 people, they’re still hanging young people today and, if they had a nuclear missile today, they’d fire it into our country as sure as I’m alive.”

Levin also rejected any suggestion that Israel should allow outside governments to dictate its security decisions.

“I don’t know what’s going on, but if people think they can bully a little country, Israel — a people that have existed 4,000 years through the Babylonians and the Persians, through the Romans and the Third Reich — into surrendering their defense and their decision on how to secure their country, they get another thing coming,” Levin continued. “I think it’s outrageous.”

The criticism did not stop there.

Levin also used social media to question several administration policies, including reports surrounding a Boeing 747 gifted by Qatar and modified for use supporting presidential airlift operations.

“If it’s legal and other countries do it so be it. Do you think wealthy countries should be able to lavish gifts on our government?” Levin wrote.

His sharpest criticism, however, focused on the administration’s efforts to secure a broader peace agreement with Iran and its proxies.

“Item #1 in the MOU provides there’s an immediate and permanent end to the war and that includes Hezbollah in Lebanon. Iran is Hezbollah,” Levin posted. “What’s the enforcement mechanism? Nothing. Israel defends itself after constant attacks from Hezbollah and is admonished for it. Its interests are not aligned with ours, we’re told. It’s endangering the peace deal. This is beyond nuts.”

In another post, Levin argued that current ceasefire efforts were coming at Israel’s expense.

“Apparently as long as Israeli soldiers are killed the ceasefire is holding,” Levin claimed.

The administration has strongly rejected suggestions that it is abandoning Israel or weakening its support for America’s closest ally in the Middle East.

President Trump responded directly Sunday with a warning aimed squarely at Iran and its regional proxies.

“Iran must immediately stop their highly paid PROXIES in Lebanon from causing trouble. If they don’t, we’ll hit Iran very hard again, just like we did last week, only harder!!!” Trump posted on Truth Social.

For supporters of the administration, that message demonstrates exactly why they remain confident in Trump’s approach. They argue that no modern president has shown a greater willingness to confront Iran militarily while simultaneously seeking a diplomatic resolution that serves American interests.

Vice President JD Vance and Secretary of State Marco Rubio have both emphasized that any final agreement would require Iran to permanently abandon its nuclear ambitions, submit to extensive inspections, and comply with strict verification requirements before receiving any economic benefits.

Administration officials also note that no sanctions have been lifted, no frozen assets have been released, and no direct payments have been authorized.

Instead, they argue that Trump has successfully put Iran in a position where the regime must choose between compliance and continued isolation.

The disagreement highlights a broader debate that has been developing inside the Republican Party for years.

Traditional foreign-policy hawks often favor maintaining maximum military pressure and remain deeply skeptical of negotiations with hostile regimes.

Trump’s America First coalition generally supports overwhelming military strength but prefers leveraging that strength into favorable deals that avoid long-term military entanglements.

Supporters of the president argue that Trump’s strategy reflects the same formula that has defined much of his foreign policy: peace through strength.

Strike hard when necessary. Demonstrate unquestionable resolve. Negotiate from a position of power. And avoid the costly nation-building efforts and endless conflicts that frustrated many Americans for decades.

As negotiations continue, the debate between Levin and the Trump administration reflects a larger question facing conservatives: how best to secure American interests abroad while staying true to the America First principles that have reshaped the Republican Party.

For now, President Trump appears committed to proving that military strength and diplomacy are not opposing strategies—but complementary tools for achieving lasting peace and protecting America’s national security.

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It’s Over! The House Votes 396-13 — Trump Just Won!

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It’s Over! The House Votes 396-13 — Trump Just Won!

In a rare display of bipartisan cooperation, the U.S. House of Representatives overwhelmingly passed the amended 21st Century ROAD to Housing Act this week, advancing a package of reforms designed to tackle America’s housing affordability crisis while delivering on several key priorities championed by President Donald Trump.

The legislation passed by a decisive 396-13 vote, reflecting broad agreement that soaring housing costs, rising rents, and limited inventory have pushed homeownership out of reach for millions of Americans.

Supporters say the bill addresses one of the country’s most pressing economic challenges by cutting red tape, increasing housing supply, strengthening lending opportunities, and helping ensure that American families—not large corporations—have a fair shot at buying homes.

The legislation combines elements of previous House and Senate proposals and seeks to address housing shortages that have contributed to record-high home prices in many parts of the country.

House Financial Services Committee Chairman French Hill praised the measure as a practical, results-oriented solution focused on expanding opportunities for working Americans.

“This bill prioritizes American families by expanding homeownership, enhancing affordability, reducing burdensome regulations that drive up costs, and increasing housing supply nationwide,” Chairman Hill stated.

“Importantly, it delivers on President Trump’s call to limit institutional investors from competing with the American people as they seek to purchase a home,” Hill added.

The legislation includes a variety of reforms aimed at accelerating housing construction and reducing barriers that have slowed development for years.

Among its key provisions, the bill streamlines federal permitting requirements, reduces lengthy environmental review processes for certain redevelopment and infill housing projects, and encourages innovative housing solutions such as modular and manufactured homes.

The measure also provides grants to local governments willing to modernize zoning laws and remove restrictions that limit new construction.

Supporters argue that restrictive zoning policies, excessive permitting delays, and government bureaucracy have significantly contributed to America’s housing shortage.

Rather than relying on massive new federal spending programs, the legislation focuses on empowering local communities, encouraging private-sector investment, and removing obstacles that make housing more expensive.

The bill also raises loan limits for multifamily housing developments, creating incentives for apartment construction and expanding options for renters and first-time buyers alike.

Additional provisions strengthen rural housing initiatives, expand support for veterans seeking housing, modernize financing for smaller mortgage loans, and increase the role community banks can play in local lending markets.

Community banks have long argued that excessive regulations have made it more difficult for them to serve homebuyers and construction projects in their local communities.

Democratic Rep. Maxine Waters acknowledged the seriousness of the housing crisis despite broader political disagreements.

“America is in the middle of a full-blown affordable housing and homelessness crisis, and working families are burdened by skyrocketing rents and a housing market that is pushing homeownership further out of reach,” Waters said.

One of the most notable aspects of the legislation is its effort to curb the growing influence of large institutional investors in the housing market.

For years, investment firms and corporate landlords have purchased thousands of single-family homes, often outbidding families and first-time homebuyers. Critics argue that this trend has driven up prices while transforming communities into rental markets dominated by large corporations.

The legislation includes targeted restrictions designed to discourage large institutional investors from acquiring additional single-family homes.

That approach aligns closely with President Trump’s housing agenda.

Throughout his second administration, Trump has repeatedly argued that homeownership should remain a cornerstone of the American Dream and that government policies should prioritize families over Wall Street investors.

In his National Homeownership Month proclamation earlier this month, Trump emphasized the importance of restoring affordability and expanding opportunities for future homeowners.

“During National Homeownership Month, my Administration recommits to making housing more affordable so that young Americans and hardworking families can raise children, build memories, and create a future in a home of their own,” Trump said.

The president has frequently blamed the housing crisis on “reckless spending, burdensome regulations, and failed housing policies” implemented under previous administrations, as well as “mass illegal immigration and large institutional investors” that have increased pressure on housing supply.

Trump has also taken executive actions aimed at reducing institutional ownership of single-family homes, lowering mortgage costs, and strengthening federal housing programs.

“Under my leadership, America will be a Nation where homes belong to families — not corporations,” Trump said.

At the same time, Trump has emphasized the importance of protecting the value of homes already owned by millions of Americans.

“I don’t want to drive housing prices down. I want to drive housing prices up for people that own their homes. Existing housing, people who own their homes, we’re going to keep them wealthy. We’re going to keep those prices up. We’re not going to destroy the value of their homes so that somebody that didn’t work very hard can buy a home,” Trump said during a Cabinet meeting earlier this year.

He has also repeatedly summarized his housing philosophy with a simple message:

“Homes are built for people, not for corporations, and America will not become a nation of renters.”

With overwhelming bipartisan support in the House and growing concern over affordability nationwide, supporters hope the legislation will mark a significant step toward restoring homeownership opportunities and ensuring that the American Dream remains within reach for future generations.

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