The U.S. Senate Committee on Banking, Housing and Urban Affairs published highlights from Chairman Tim Scott’s CNBC Squawk Box interview focusing on the bipartisan 21st Century ROAD to Housing Act, which aims to lower housing costs by expanding housing supply, cutting red tape, and empowering local communities to build more homes. The release underscored that the Senate has invoked cloture on the bill with 89 votes in favor, positioning it closer to a final Senate floor vote. Scott framed the legislation as reflecting priorities from both chambers, noting that the House-passed bill contained about 25 provisions and that 20 of those were incorporated into the Senate’s 21st Century ROAD bill. He also described the policy approach as relying on reduced regulatory barriers and incentives for local jurisdictions to increase housing production. Following the cloture vote, the bill moves toward final passage on the Senate floor.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-03-11
U.S. Senate Committee on Banking, Housing and Urban Affairs highlights 89-vote cloture on the 21st Century ROAD to Housing Act as it advances toward final passage
The U.S. Senate Committee on Banking, Housing and Urban Affairs highlighted Chairman Tim Scott’s interview on the bipartisan 21st Century ROAD to Housing Act, aiming to reduce housing costs by expanding supply and cutting red tape. The Senate invoked cloture with 89 votes, advancing the bill towards a final vote. The legislation incorporates 20 of 25 provisions from the House-passed bill, focusing on reducing regulatory barriers and incentivizing local housing production.