ICYMI: Chairman Scott Highlights Affordability Agenda, ROAD to Housing Act, and Previews Banking Committee Hearing with Treasury Secretary Bessent

ICYMI: Chairman Scott Highlights Affordability Agenda, ROAD to Housing Act, and Previews Banking Committee Hearing with Treasury Secretary Bessent

Washington, D.C. - Chairman Tim Scott (R-S.C.) joined Fox Business Network's The Claman Countdown to preview Treasury Secretary Scott Bessent's upcoming appearance before the Senate Banking Committee. Chairman Scott emphasized that housing affordability remains the biggest cost pressure facing working families, noting that the median first-time homebuyer is now 40 years old. He highlighted the bipartisan ROAD to Housing Act, which passed the Banking Committee unanimously and is a key step toward expanding housing supply, cutting red tape, unlocking private capital, and helping more Americans achieve homeownership.

Click here or on the image above to watch the full interview.

On previewing Treasury Secretary Bessent's appearance before the Senate Banking Committee:

"What we'll talk about tomorrow is how to make sure that 2026 is the year of affordability, starting with housing. The average first-time homebuyer today is 40 years old. That tells you something is broken, and we have to fix it."

On the ROAD to Housing Act:

"The ROAD to Housing Act passed through the Banking Committee 24-0. That's how we get it done. We need to drive down the age of the first-time homebuyer and make sure more Americans can experience their version of the American Dream."

On President Trump's commitment to affordability:

"President Trump made a commitment on the campaign trail, and we're going to keep that commitment in government. Housing supply, lower costs, and opportunity for everyday Americans all move together."

On the Federal Reserve and interest rates:

"Lower interest rates mean lower monthly payments and more affordability for families sitting around their kitchen table asking one question - can I afford it? We need an independent Federal Reserve focused on price stability and restoring confidence."

On digital assets and financial innovation:

"We can protect consumers and community banks while still allowing innovation and competition to lower prices and expand access. Both sides are working toward a compromise that keeps innovation here in America."

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