House Financial Services Republicans Urge Senate to Advance Housing Bill

Republican members of the House Financial Services Committee asked the Senate to take up housing legislation that has cleared their panel. The lawmakers said the bill addresses regulatory and supply issues in the housing market. They did not release a timeline for Senate action.

Background on the Legislation The measure includes provisions aimed at reducing certain federal housing rules and increasing new construction. Committee staff said the changes target both single-family and multifamily development. No Senate committee has scheduled hearings on the bill.

Senate leadership has not commented on whether the measure will receive floor time. The House panel approved the legislation on a party-line vote earlier this month.