Chairman Scott Backs President Trump’s Affordability Push, Talks ROAD to Housing and Market Structure Timeline
Washington, D.C. – Senate Banking Committee Chairman Tim Scott (R-S.C.) joined Maria Bartiromo on Fox Business’ “Mornings with Maria” to discuss the Renewing Opportunity in the American Dream (ROAD) to Housing Act, which was included as a part of the Senate-passed National Defense Authorization Act (NDAA), as well as new developments in the Senate Banking Committee’s efforts to enact bipartisan digital asset market structure legislation.
Click here or on the image above to watch the full interview.
On the ROAD to Housing Act:
“We know that housing is typically a local issue. What we're doing in the federal level is making sure that there's more housing supply in the local jurisdictions by creating more carrots – carrots would be considered more grant dollars for those jurisdictions that increase their housing by three and four and five percent. For those who do not, they'll lose some of their grant dollars. This passed the committee 24 to zero. President Trump will bring housing costs down and the age of a first-time home buyer, it will plummet. Today, Maria, 40 years old – the oldest it's been in decades. President Trump is on the job bringing housing prices down, increasing supply, and lowering the age of a first-time home buyer. All that's done in the ROAD to Housing Act, passed through the Banking Committee 24 to nothing.”
On President Trump’s focus on affordability:
“The President is committed to making sure that every single opportunity is on the table. But let's not forget the working families tax cuts – all the big benefits kick in this year coming. In January, we'll start seeing the benefits of no tax on tips. When you do your taxes, you'll have more take home pay. No tax on overtime, more take home pay. no tax on Social Security, more take home pay. So many of the benefits of that working class tax cuts, they don't kick in until next year. And thank God, we're less than 60 days away from the beginning of a brand-new year. 2026 will be the year of affordability.”
On where market structure stands in the Senate:
“It's for the American people. Single moms like the one that raised me, Maria, her prices will go down. Her access will become 24/7. That's how powerful market structure legislation already will be, so we're excited in the Banking Committee. By the end of this year, next month, we believe we can mark up and vote in both committees and get this to the floor of the Senate early next year so that President Trump will sign the legislation making America the crypto capital of the world – protecting consumers while increasing the likelihood of America being the most dominant economic power for the next 100 years.”
Next Article Previous Article