Overview
- The 21st Century ROAD to Housing Act, authored by Sens. Tim Scott and Elizabeth Warren, aims to expand housing supply by streamlining federal reviews, modernizing manufactured housing rules, and broadening financing tools.
- The bill restricts large institutional buyers of single-family homes—commonly defined as firms controlling 350 or more properties—and includes a seven‑year divestment provision that critics warn could undercut build‑to‑rent projects.
- Senators approved the package 89–10, a rare show of bipartisan support on affordability policy, with Democrat Brian Schatz and nine Republicans voting no over concerns including the investor limits.
- The Senate text also pauses a Federal Reserve central bank digital currency through 2030, a point of contention for House conservatives who want a permanent ban.
- Passage in the House is uncertain after its earlier 390–9 vote on a different bill, as Freedom Caucus members and key Republicans press for changes and the White House signals support for the Senate approach even as President Trump elevates the SAVE America Act.