WASHINGTON, D.C. — Congressional leaders reached a final agreement on comprehensive housing legislation in May 2026, incorporating bipartisan provisions to increase housing supply, restrict large investors, and impose a moratorium on a Federal Reserve digital currency.

Senators Tim Scott and Elizabeth Warren, along with Representatives French Hill and Maxine Waters, negotiated the final agreement. The Senate voted 87-8 to proceed to debate the housing legislation, and Senate Majority Leader John Thune filed cloture on the revised bill.

Hill said, "Bipartisan, bicameral legislating is never easy, but progress matters. This bill is a meaningful step toward increasing housing supply, improving affordability, and helping more Americans achieve homeownership. I look forward to President Trump signing it into law." The revised legislation includes a three-year sunset provision for the Community Development Block Grant disaster recovery program. Hill had requested reducing this sunset provision from seven years to three years during the negotiations.

Warren stated, "This landmark bill will boost housing supply, bring down costs, and for the first time ever stop private equity from buying up single-family homes. So here we are in a moment when the United States Senate and the House of Representatives may actually get something done, get it over to the president's desk, and it's something that's good for the American people."

The legislation defines institutional investors as entities holding 350 or more single-family homes. The legislation also incorporates nine provisions to ease community banking regulations. Additionally, the revised bill includes adjustments to Community Development Block Grant funding and a rental assistance demonstration project as requested by Waters.

The legislation includes a moratorium on the Federal Reserve creating a digital currency until December 31, 2030, unless expressly authorized by Congress. Majority Leader Thune added, "There is a lot of good in there. Both parties have had opportunities to weigh into this. In the end, it is about increasing the supply of housing in this country and making it more affordable."