The U.S. Senate and House of Representatives have reached a deal to advance a comprehensive housing legislation that also includes language banning the issuance of a central bank digital currency (CBDC).
On Tuesday, Senator Tim Scott, Senator Elizabeth Warren, Rep. French Hill, and Rep. Maxine Waters released an updated version of the "21st Century ROAD to Housing Act," which reflects bipartisan, bicameral agreement on the bill.
The legislation contains a housing affordability package to boost housing supply in the U.S. and make it more affordable by preventing corporate landlords from dominating the market. New changes to the bill include a three-year sunset provision for a disaster relief program, which was a compromise to address concerns from the House.
"This bill is the result of years of work to lower costs, expand housing supply, cut red tape, protect taxpayers, and help more Americans achieve the dream of homeownership," Scott said in a joint statement. "It is time to move forward, get this bill across the finish line, and deliver real relief for the American people.”
CBDC ban
