July 24, 2025

Scott, Warren Announce Markup of Landmark Bipartisan Housing Legislation from Banking Committee Members

Washington, D.C. – Tonight, Chairman Tim Scott (R-S.C.) and Ranking Member Elizabeth Warren (D-Mass.) announced a historic legislative markup on a bipartisan housing package. The ROAD to Housing Act of 2025 includes legislation from members across the Senate Committee on Banking, Housing, and Urban Affairs. The package will take important steps to boost the nation’s housing supply, improve housing affordability, and increase oversight and efficiency of federal regulators and housing programs. The executive session is the committee’s first bipartisan housing markup in over a decade.

“Since taking over as Ranking Member in 2022, I pledged to make housing a top priority and put forward commonsense reforms to reverse decades of failed housing policies. Now, as Chairman, I’m proud to lead the committee in considering comprehensive legislation that will increase access to affordable housing for Americans across the country. This is a collaborative effort that includes the work of my colleagues across the committee, and I look forward to advancing these solutions to the full Senate,” said Chairman Tim Scott.

“With this historic bipartisan bill, we are taking a critical first step to bring down families’ number one monthly expense–housing costs. I’ve been calling on Congress to address our nation’s housing shortage for years, and I’m proud to work with Chair Scott and our entire Committee to put forward legislation that will boost housing supply, reduce homelessness, and expand homeownership for families,” said Ranking Member Elizabeth Warren.

The ROAD to Housing Act of 2025 is a comprehensive proposal that will:

  • Expand and Preserve Housing Supply:
    • Remove regulatory barriers to housing development
    • Increase and preserve existing housing
    • Promote innovative construction methods, including to expand access to modular and manufactured housing
    • Addresses neighborhood blight and supports communities recovering from natural disasters
  • Improve Housing Affordability and Access:
    • Expand access to homeownership
    • Improve housing affordability
    • Promote housing opportunities for veterans
    • Reduce homelessness
    • Reduce appraisal shortages while addressing inaccurate appraisals
  • Advance Accountability and Fiscal Responsibility:
    • Ensure taxpayer dollars are used efficiently
    • Promote evidence-based policy solutions
  • Improve Oversight and Program Integrity:
    • Strengthen oversight of housing regulators
    • Streamline program coordination
    • Ensure performance, transparency, and accountability across housing programs

For a section-by-section of the bill, click here. For legislative text, click here.

Details of the Executive Session:

Executive Session: To consider the ROAD to Housing Act of 2025

Date and Time: Tuesday, July 29, 2025, at 10:00 AM ET

Location: 538 Dirksen Senate Office Building

The Executive Session will be live streamed on Banking.Senate.Gov.

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