Identifying Regulatory Barriers to Housing Supply Act
Identifying Regulatory Barriers to Housing Supply Act
Plain Language Summary
# Identifying Regulatory Barriers to Housing Supply Act (S 2416) **What the Bill Would Do** This bill would require the federal government to identify and analyze regulations that make it harder or more expensive to build new housing. The legislation would direct federal agencies to examine their own rules and report back on which regulations create barriers to housing construction and supply. The goal is to understand how federal policies might be limiting the number of homes available and driving up housing costs. **Who It Affects and Key Provisions** The bill would primarily affect federal agencies responsible for regulations in areas like environmental protection, lending, and land use.
Indirectly, it could impact homebuyers, renters, developers, and construction companies if agencies subsequently change rules based on the findings. The bill focuses on collecting information and analysis rather than immediately eliminating regulations—it's a first step to understand the problem before deciding what to change. **Current Status** The bill is currently in committee as of the 119th Congress, meaning it hasn't yet been voted on by the full Senate. This is an early stage in the legislative process, and the bill would need committee approval and Senate passage before becoming law.
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.