Senate Banking Committee unanimously advances bipartisan Road to Housing Act of 2025

Sen. Tim Scott, chairman of the Senate Banking, Housing, and Urban Affairs Committee, on Thursday moved to order the Road to Housing Act of 2025 reported to the full Senate; the committee voted 24-0 to advance the bipartisan package.

The bill is a multipart package of roughly 40 provisions that committee members said aims to increase housing supply, reduce regulatory barriers and fund repairs and vouchers. Ranking Member Sen. Elizabeth Warren said rising housing costs represent most families' largest monthly expense and praised the bipartisan effort to lower housing costs. "We need more housing options everywhere for everyone," Warren said.

Why it matters: Committee members described the package as a broad attempt to address a national shortfall in housing supply, citing an estimated shortage of about 7,000,000 units. Sponsors said the measure combines reauthorizations, program refinements and pilot programs intended to lower building costs, speed recovery after…