The U.S. Senate Committee on Banking, Housing and Urban Affairs published a press release highlighting an op-ed by Chairman Tim Scott on the 21st Century ROAD to Housing Act and the bill’s legislative progress, including a Senate cloture vote of 84-6-1 on the motion to proceed to floor consideration. The release frames the legislation as a comprehensive, bipartisan housing affordability package that passed the Committee unanimously (24-0) and consolidates almost all of the House’s housing provisions. In the op-ed, Scott describes measures aimed at expanding housing supply by unlocking private investment, reducing federal red tape that increases costs and construction time, supporting modern manufactured and modular housing, and giving local leaders more flexibility; it also includes a provision to implement President Donald Trump’s initiative to limit the impact of large institutional investors on local housing markets. Scott indicates that, following Senate approval, the combined package would return to the House for final consideration before being sent to President Donald Trump for signature.
U.S. Senate Committee on Banking, Housing and Urban Affairs2026-03-04
U.S. Senate Committee on Banking, Housing and Urban Affairs highlights 21st Century ROAD to Housing Act as Senate invokes cloture 84-6-1 for floor consideration
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a statement on Chairman Tim Scott's op-ed about the 21st Century ROAD to Housing Act, which passed a Senate cloture vote 84-6-1. The bipartisan bill aims to enhance housing affordability by increasing supply, reducing federal red tape, and supporting modern housing solutions, while addressing the influence of large institutional investors. Following Senate approval, the package will return to the House for final consideration before reaching President Donald Trump.