The U.S. Senate Committee on Banking, Housing and Urban Affairs released a summary of Chairman Tim Scott’s Fox Business interview covering the committee’s housing package, oversight of Federal Reserve facilities spending, and proposed digital asset market structure legislation. The committee unanimously advanced the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025 on 29 July 2025 following what it described as the first bipartisan housing markup in over a decade, positioning the bill as comprehensive legislation to expand and preserve housing supply, improve affordability, and increase oversight and efficiency of federal regulators and housing programs. Scott also highlighted his oversight of Federal Reserve renovations, referencing a tour with President Trump, White House officials, and Chair Jerome Powell and characterising the project as more than 25% over budget and costing “hundreds of millions of dollars,” including features such as a “beehive garden.” On digital assets, he pointed to a discussion draft of market structure legislation intended to provide regulatory clarity and support U.S.-based innovation in a “multi-trillion dollar” industry.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-07-30
U.S. Senate Committee on Banking, Housing and Urban Affairs highlights ROAD to Housing Act advance and scrutiny of Federal Reserve renovations and crypto market structure draft
The U.S. Senate Committee on Banking, Housing and Urban Affairs advanced the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025, marking the first bipartisan housing markup in over a decade. Chairman Tim Scott highlighted Federal Reserve renovation overspending and introduced a draft for digital asset market structure legislation to enhance regulatory clarity and support innovation.