Key insights
- The US House passed a bill extending Temporary Protected Status for Haitians, defying the Trump administration's stance. The bill's future in the Senate is uncertain, but the vote signals potential Republican dissent on immigration policy. The Supreme Court is also set to review the administration's attempt to revoke these protections. This introduces uncertainty regarding immigration policy, potentially impacting labor markets and social stability, albeit with a limited direct effect on equity valuations.

By Nate Raymond
WASHINGTON, April 16 (Reuters) - The U.S. House of Representatives offered a rare rebuke of President Donald Trump’s immigration enforcement agenda on Thursday as a handful of Republicans joined Democrats to vote to extend temporary protections for 350,000 Haitians living in the United States.
The House voted 224-204 in favor of legislation allowing Haitians to remain eligible for Temporary Protected Status for three years after the U.S. Department of Homeland Security terminated the humanitarian protections they had been granted.
The legislation now heads to the Republican-led U.S. Senate, where its fate is uncertain.
But the vote showed some Republicans were ready to break with the White House on the issue as the U.S. Supreme Court prepares this month to weigh whether to allow the Trump administration to revoke the protections from deportation granted to the Haitians.
Ten Republicans and one independent lawmaker joined Democrats in voting for the measure.
TPS is available to people whose home country has experienced a natural disaster, armed conflict or other extraordinary event. It provides eligible migrants with work authorization and temporary protection from deportation.