The U.S. Senate Committee on Banking, Housing and Urban Affairs released remarks from Chairman Tim Scott promoting the 21st Century ROAD to Housing Act, which he framed as a bipartisan housing affordability package aimed at cutting red tape, unlocking housing supply, lowering costs, and generating no new government spending. In the remarks, Scott emphasised a focus on local jurisdictions and removing what he described as unnecessary and burdensome federal processes, arguing these steps would help expand housing supply while maintaining an affordability focus. He also positioned the legislation as supporting broader access to home ownership, citing an increase in the average age of first-time home buyers from 38 to 40, and delivered the remarks alongside Senate Majority Leader John Thune and other Senate Republican leaders.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-03-03
U.S. Senate Committee on Banking, Housing and Urban Affairs publishes Chairman Scott remarks backing the 21st Century ROAD to Housing Act to cut red tape and expand housing supply
The U.S. Senate Committee on Banking, Housing and Urban Affairs released remarks from Chairman Tim Scott advocating for the 21st Century ROAD to Housing Act, a bipartisan initiative to enhance housing affordability by reducing federal red tape and unlocking supply without new government spending. Scott highlighted the legislation's focus on local jurisdictions and its potential to expand home ownership access, noting the increasing average age of first-time home buyers.