The U.S. Financial Services Committee announced that the U.S. House of Representatives passed the 21st Century ROAD to Housing Act by a bipartisan 358-32 vote, clearing Congress and sending the bill to President Trump for signature. The package is framed as a housing affordability measure that would reduce regulatory barriers to new home construction, modernize U.S. Department of Housing and Urban Development programs, address concerns about large investors competing with individual homebuyers, and allow community banks to deploy funding more freely. According to the committee, the bill combines nine community banking measures intended to expand local lending for housing construction and mortgages with more than 45 provisions aimed at cutting regulatory barriers and updating federal housing programs. The package also includes a prohibition on the issuance of a central bank digital currency until Dec. 31, 2030. The bill now heads to the president's desk for signature.
U.S. Financial Services Committee2026-06-23
U.S. Financial Services Committee announces House passage of 21st Century ROAD to Housing Act in 358-32 vote
The U.S. Financial Services Committee said the House passed the 21st Century ROAD to Housing Act by 358-32, sending it to President Trump after clearing Congress. The bill would reduce barriers to homebuilding, modernize HUD programs, support community bank housing lending and restrict issuance of a central bank digital currency until Dec. 31, 2030.