The U.S. Senate Committee on Banking, Housing and Urban Affairs announced that the U.S. House of Representatives has passed the 21st Century ROAD to Housing Act, sending Senate Banking Committee Chairman Tim Scott’s housing affordability legislation to President Trump. The committee described the measure as a bipartisan, bicameral package focused on cutting red tape, increasing housing supply, protecting taxpayers, preserving local control and helping more Americans achieve homeownership. According to the committee, the bill reflects years of work with the White House, Senate Banking Committee Ranking Member Elizabeth Warren, House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters. The release characterizes the legislation as the most comprehensive housing policy bill of this century. The next step stated in the release is President Trump’s consideration of the bill for signature into law.