The U.S. House Committee on Financial Services' chairman, French Hill, and ranking member, Maxine Waters, issued statements after the Senate passed the 21st Century ROAD to Housing Act, describing it as a bipartisan package focused on increasing housing supply and lowering costs. As presented in their statements, the bill combines measures to reduce regulatory barriers to new home construction, expand affordability and access, modernize U.S. Department of Housing and Urban Development programs, and provide relief to community banks that support housing lending. The updated package is described as the product of years of bipartisan work. It includes nine community banking bills intended to provide relief to Main Street lenders and expand local lending for housing construction and mortgages, along with more than 45 housing provisions aimed at cutting unnecessary barriers to new home construction and modernizing HUD programs. The package also retains House changes to Section 1001, including removal of the forced seven-year divestiture and protections for build-to-rent. Hill said he expects the House to move quickly on the bill and send it to President Trump.
U.S. Financial Services Committee2026-06-22
U.S. House Committee on Financial Services leaders back Senate-passed housing bill with community banking relief and housing supply measures
Leaders of the U.S. House Committee on Financial Services endorsed the Senate-passed 21st Century ROAD to Housing Act as a bipartisan package to expand housing supply, lower costs and ease community bank lending for housing. The bill includes nine community banking measures, more than 45 housing provisions and House-backed changes to Section 1001, including removal of the forced seven-year divestiture and protections for build-to-rent. Hill said he expects the House to move quickly to send the bill to President Trump.