Story perspectives

Senate Passes Housing Act Amid House Opposition

3/13/2026

Summary

Story summary

The Senate passed the 21st Century ROAD to Housing Act on March 12, 2026, by an 89-10 vote.
The bill would boost housing supply by banning institutional buyers of single-family homes and streamlining rules.
U.S. President Donald Trump supports the bill, but House Republicans oppose provisions on community banking and digital currency.
House Majority Leader Steve Scalise said the House may not advance the bill without changes as negotiations continue.

History

Historical Context

The Housing Act's passage follows the 2008 financial crisis, which prompted a $182 billion bailout of banks like AIG and exposed risks in housing investments. This led to reforms prioritizing individual homeownership, supported by President Donald Trump. The ongoing negotiations reflect a contentious political landscape, echoing past housing reforms aimed at stabilizing the market and ensuring equitable access to housing.

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Story summary

The Senate passed the 21st Century ROAD to Housing Act on March 12, 2026, by an 89-10 vote.
The bill would boost housing supply by banning institutional buyers of single-family homes and streamlining rules.
U.S. President Donald Trump supports the bill, but House Republicans oppose provisions on community banking and digital currency.
House Majority Leader Steve Scalise said the House may not advance the bill without changes as negotiations continue.

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