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Senate Passes Bill to Curb Wall Street Home Purchases

3/13/2026

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Summary

Story summary

The Senate passed the 21st Century ROAD to Housing Act 89-10 to restrict Wall Street investors from buying single-family homes.
Co-authored by Senators Tim Scott and Elizabeth Warren, the bill aims to lower housing costs and increase supply via reduced regulations and new funding.
Some conservative lawmakers oppose the measure, calling the ban socialist.
House Freedom Caucus Chairman Andy Harris is skeptical about its House prospects.

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Story summary

The Senate passed the 21st Century ROAD to Housing Act 89-10 to restrict Wall Street investors from buying single-family homes.
Co-authored by Senators Tim Scott and Elizabeth Warren, the bill aims to lower housing costs and increase supply via reduced regulations and new funding.
Some conservative lawmakers oppose the measure, calling the ban socialist.
House Freedom Caucus Chairman Andy Harris is skeptical about its House prospects.