The Chair and Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, Tim Scott and Elizabeth Warren, released legislative text for the 21st Century ROAD to Housing Act, a consolidated housing package positioned as a major effort to boost housing supply and reduce housing costs. The package also includes a proposal to ban large institutional investors from purchasing single-family homes. The legislative package combines most of the Senate’s Scott-Warren ROAD to Housing Act, which previously received unanimous Senate support, with most housing provisions from the House-passed 21st Century Housing Act. The release characterises the package as potentially the largest housing legislative effort in decades if enacted, and Scott framed it as reducing regulatory red tape, lowering costs, expanding supply, and generating no new spending. Scott indicated the Senate is set to vote on the 21st Century ROAD to Housing Act during the week of March 2, 2026.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-03-02
U.S. Senate Committee on Banking, Housing and Urban Affairs leaders release 21st Century ROAD to Housing Act package to expand housing supply and curb institutional investor purchases
The U.S. Senate Committee on Banking, Housing and Urban Affairs released the 21st Century ROAD to Housing Act, aimed at boosting housing supply and reducing costs. Combining elements from the Senate's Scott-Warren ROAD to Housing Act and the House's 21st Century Housing Act, it proposes banning large institutional investors from purchasing single-family homes. If enacted, it focuses on reducing regulatory barriers and expanding supply without new spending.