The House is expected to pass a landmark bipartisan housing package on suspension Monday night. The Senate has its own larger effort in the works, and it remains an open question whether the two chambers will be able to play nice in this area of the law.
But one key component of the House’s approach goes significantly beyond the Senate product. The Housing for the 21st Century Act, led by House Financial Services Committee Chair French Hill (R-Ark.) and Ranking Member Maxine Waters (D-Calif.), would introduce several community banking deregulations.
The argument here is that easing the regulation of smaller banks creates the fuel needed to actually produce more housing supply in the United States. “Housing policy only works if builders and communities have access to capital,” Hill told us in a statement.
