U.S. Senate Committee on Banking, Housing, and Urban Affairs
07/31/2026 | Press release | Distributed by Public on 07/31/2026 11:58
Banking Democrats Statement on Trump Administration Move to Gut Community Reinvestment Act
July 31, 2026
Previous ArticleBanking Democrats Statement on Trump Administration Move to Gut Community Reinvestment Act
Washington, D.C. - U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Committee members Jack Reed (D-RI), Tina Smith (D-Minn.), Chris Van Hollen (D-Mary.), Catherine Cortez Masto (D-NV), Rev. Raphael Warnock, Andy Kim (D-NJ), and Lisa Blunt Rochester (D-DE) released the following joint statement on the Trump Administration's proposed rule to gut the Community Reinvestment Act:
"Two weeks after the bipartisan 21st Century Road to Housing Act became law, the Trump Administration is trying to gut another critical tool for building more housing, driving investment into communities, and combatting redlining. This proposal would make America's housing crisis worse. Republicans should join Democrats in pushing back."
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