The U.S. House Committee on Financial Services, through Chairman French Hill and Ranking Member Maxine Waters, has unveiled the text of a resolution to bring the 21st Century ROAD to Housing Act to the House floor with a House amendment to the version previously passed by the Senate. The committee says the amendment responds to concerns raised by House members and market participants and reshapes the bill into a more balanced and workable package. The amended package restores community banking provisions and preserves measures to streamline housing development, improve affordability, encourage new construction, update outdated programs, and reduce regulatory barriers. In statements accompanying the release, committee leaders said the bill also includes provisions aimed at limiting institutional investors' competition with homebuyers, reforming housing programs, supporting affordable and innovative housing including modular homes, and strengthening protections for renters and communities. The next step set out in the release is House floor consideration, with both leaders also calling for Senate engagement on a bipartisan, bicameral package.

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