U.S. Senate Committee on Banking, Housing and Urban Affairs chair Tim Scott highlights ROAD to Housing Act, CFIUS land review reforms, and a Defense Production Act extension in Senate-passed NDAA

The U.S. Senate Committee on Banking, Housing and Urban Affairs published a majority release in which Chair Tim Scott highlighted that the Senate-passed National Defense Authorization Act includes three priorities he advanced: the Renewing Opportunity in the American Dream (ROAD) to Housing Act, the Protect Our Bases Act, and an extension of the Defense Production Act. The ROAD to Housing Act is described as a bipartisan comprehensive housing package and includes 40 member-driven provisions across pillars focused on expanding and preserving housing supply, improving affordability and access, advancing accountability and fiscal responsibility, and improving oversight and program integrity. The Protect Our Bases Act would strengthen the Committee on Foreign Investment in the United States review process for foreign land purchases, including by requiring annual updates to lists of designated sensitive military, intelligence, and national laboratory sites and mandating annual reports to Congress certifying reviews are complete and accurate. The Defense Production Act extension is framed as reaffirming and strengthening the statute’s focus on defense production, emergency preparedness, and critical domestic supply chains, including efforts to reduce reliance on adversaries for inputs such as rare earth minerals and pharmaceuticals.