Chairman Scott, Ranking Member Warren Release Bill Text Ahead of Senate Consideration of the 21st Century ROAD to Housing Act

Chairman Scott, Ranking Member Warren Release Bill Text Ahead of Senate Consideration of the 21st Century ROAD to Housing Act

Washington, D.C. - Ahead of Senate consideration of the most comprehensive, bipartisan housing affordability legislation in decades, Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren have released updated bill text and section by section for the 21^st Century ROAD to Housing Act.

The housing affordability crisis is real and urgent. For too many Americans, homeownership feels out of reach. The 21^st Century ROAD to Housing Act focuses on the root cause of rising costs: not enough supply. The legislation reflects bipartisan, bicameral work that passed the Senate Banking Committee unanimously, 24-0, and incorporates almost all of the House's housing provisions into a unified package.

"2026 is the year of affordability. This week, the Senate is set to vote on housing affordability legislation, the 21st Century ROAD to Housing Act, and my colleagues and I stand ready to deliver it to President Trump's desk, fulfilling the promise he made to Americans at the State of the Union. Not only is this bill about cutting regulatory red tape, lowering costs, and expanding housing supply while generating no new spending, but it's about making sure people like the single mom who raised me in North Charleston, South Carolina, have even greater access to economic opportunity and the American dream of homeownership," said Chairman Scott.

"The 21^st Century ROAD to Housing Act will boost housing supply and bring down costs," said Ranking Member Elizabeth Warren. "The package includes the vast majority of the Senate's unanimously supported ROAD to Housing Act, incorporates bipartisan ideas from the House, and takes a good first step to rein in corporate landlords that are squeezing families out of homeownership. Congress should pass this package and continue working on further legislation to combat our nation's housing crisis."

To read the bill text, click here.

To read the section-by-section, click here.

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