United States House Committee on Financial Services Chairman French Hill and Housing and Insurance Subcommittee Chairman Mike Flood issued a statement supporting President Trump’s executive order aimed at removing regulatory barriers to affordable home construction. They framed the order as addressing underlying drivers of higher new-home construction costs and said its objectives closely align with the bipartisan housing work undertaken by committee members over the past year. The chairs also indicated they intend to work with colleagues to codify elements of the executive order’s reforms as Congress advances a housing bill, with the stated aim of lowering costs and increasing housing supply.