U.S. Senate Committee on Banking, Housing, and Urban Affairs
03/03/2026 | Press release | Distributed by Public on 03/03/2026 17:57
ICYMI: Chairman Scott Highlights the 21st Century ROAD to Housing Act
March 03, 2026
Previous ArticleICYMI: Chairman Scott Highlights the 21st Century ROAD to Housing Act
Washington, D.C. - Senate Banking Committee Chairman Tim Scott (R-S.C.) today joined Senate Majority Leader John Thune (R-N.D.) and other Senate Republican leaders to discuss the 21st Century ROAD to Housing Act - the most comprehensive, bipartisan housing affordability legislation in decades. Chairman Scott's legislation takes major steps to address the housing affordability crisis in America. The bill (1) cuts red tape, (2) unlocks housing supply, (3) lowers costs, and (4) generates no new government spending.
Click here or on the image above to watch Chairman Scott's remarks.
Chairman Scott's remarks as delivered:
On the 21st Century ROAD to Housing Act:
"Promises made, promises kept.
"President Trump made a very important campaign promise on the campaign trail, and we are delivering both the House and the Senate passing historic housing legislation.
"The 21st Century ROAD to Housing Act really does meet the need. It focuses on local jurisdictions, number one.
"It removes red tape and unnecessary burdensome processes from the federal government, number two.
"And number three, it creates and will expand housing supply while focusing on affordability.
"It's so important as a kid who grew up in poverty, my mother became a first-time home buyer at the age of 38. Today in America, that age is 40."
On increasing access to the American Dream:
"How do we bring those prices down? How do we make it easier for your average person to experience their version of the American Dream through home ownership?
"I think it starts by making sure that Washington understands solutions start at home.
"So, what you'll find in this legislation is we start in local jurisdictions, and we start by making sure that both the House the Senate, Republicans and Democrats, do not see this issue as red versus blue, House versus Senate.
"We see this as taking care of Americans who desperately want to experience the American Dream."
U.S. Senate Committee on Banking, Housing, and Urban Affairs published this content on March 03, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on March 03, 2026 at 23:57 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]