US Senate advances bill to lower housing prices [View all]

Source: Reuters

March 11, 2026 6:07 AM EDT Updated 9 hours ago


WASHINGTON, March 11 (Reuters) - Republicans and Democrats in the U.S. Congress are lining up behind legislation to encourage more affordable housing, in ​a rare example of bipartisan action on a quality-of-life issue for voters.

The bill, which has drawn broad support from industry groups, ‌would overhaul regulations to make it faster and cheaper to build new housing. It would also modernize rules for factory-built housing and ban large investment groups from buying more single-family homes, a measure backed by President Donald Trump.

The Senate late on Wednesday voted 84-10 to back a compromise version of the measure and 82-11 to clear the way for a ​vote on passage, likely on Thursday. At a time when Republicans and Democrats are fighting bitterly over Trump's immigration crackdown and the war on Iran, lawmakers ​have rallied around the affordable-housing effort.

The latest version is spearheaded by Republican Senator Tim Scott of South Carolina and Democratic Senator Elizabeth ⁠Warren of Massachusetts. The House of Representatives passed its own version by a similar margin, and the two chambers will have to resolve their differences before ​Trump can sign it into law.

Read more: https://www.reuters.com/legal/government/us-lawmakers-advance-bill-lower-housing-prices-2026-03-11/