Trump says he won't sign housing bill, which would become law automatically

President Donald Trump said Friday he will not sign a housing bill that Congress passed in June with overwhelming bipartisan support, setting the stage for it to automatically become law at 12:01 a.m. ET Saturday.

Trump said he was withholding his signature from the housing bill in protest over the Senate's failure to pass the controversial election security legislation known as the SAVE America Act.

The president did not say he would veto the housing bill, which seeks to lower costs for homebuyers and rein in institutional investors.