The U.S. Senate Committee on Banking, Housing and Urban Affairs published comments from Chairman Tim Scott previewing Treasury Secretary Scott Bessent’s upcoming appearance before the Committee and setting out an affordability agenda focused on housing. Scott pointed to the bipartisan ROAD to Housing Act, which advanced unanimously in Committee, as a central step toward expanding supply and enabling more Americans to buy homes, noting that the median first-time homebuyer is now 40 years old. Scott said the ROAD to Housing Act passed the Committee 24-0 and is aimed at expanding housing supply by cutting red tape and unlocking private capital. He also linked affordability to interest rates, calling for an independent Federal Reserve focused on price stability and stating that lower rates would reduce monthly payments, and said lawmakers are working toward a digital assets compromise intended to protect consumers and community banks while allowing innovation and competition. Bessent is scheduled to appear before the Committee on 5 February 2026.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-02-04
U.S. Senate Committee on Banking, Housing and Urban Affairs chair previews Treasury Secretary Bessent hearing and highlights ROAD to Housing Act
The U.S. Senate Committee on Banking, Housing and Urban Affairs shared comments from Chairman Tim Scott previewing Treasury Secretary Scott Bessent's upcoming appearance, highlighting the bipartisan ROAD to Housing Act to expand housing supply and affordability. Scott emphasized the need for an independent Federal Reserve focused on price stability and mentioned ongoing efforts toward a digital assets compromise to protect consumers and community banks.