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Congressional Daily Record
This section captures a floor statement or debate entry. It mentions members such as Elizabeth Warren.
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June 16, 2026
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Download official Senate Record PDFReturn to issue contextMs. WARREN. Mr. President, America is in a full-blown housing crisis. Across this country, home prices are sky high, rent is through the roof, and the median age of a first-time home buyer is now at an alltime high. But for too long, the Federal Government has been asleep at the switch, and that changes today.
Act. 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.
increase housing supply and bring down costs. Here are just a few of the things that this housing bill will do.
to speed up affordable housing development and to speed up the construction process.
that
are not building to step up and build more.
removing outdated chassis requirements, and it brings down the cost of the new unit by up to $10,000.
years, to help reward communities that are successfully building more housing with new funds for community infrastructure or to build even more housing.
HOME Programs to get more affordable housing built. It finally authorizes the CDBG Disaster Recovery Program to get money out to disaster-stricken communities faster. It offers new and streamlined funding opportunities for cities and towns to bolster local infrastructure and to convert abandoned buildings into new housing, for homeowners and landlords to make structural home repairs, and for homebuilders to finance new manufactured and modular housing.
There is so much more. This bill supports more housing opportunities for veterans, it takes action to reduce homelessness, and it helps end appraisal bias.
equity's housing grab. I have been calling for this for years, and even 6 months ago, nobody thought this was possible. With this bill, we will get single-family homes back into the hands of American families, not corporations. An overwhelming majority of Americans across party lines want to stop private equity from snapping up single-family homes, and this bill does exactly that.
the law pay up, and it invests any money they pay in fines to build more housing and to help first-time home buyers with direct assistance for downpayments, with closing costs, and with interest rate buydowns.
increasing the supply of housing, bringing down the cost, and making housing something that is not just a Wall Street investment but is actually there for American families.
partnership on this historic bill in leading the Senate Banking Committee.
and to Chairman Hill for their work over on the House side to get this bill across the finish line.
so many years and tried to expand housing all across America, tried to make sure housing is affordable and safe and available for every American. This bill is just a little downpayment on the promise she has offered for decades. I am grateful for her leadership and grateful for her helping get us here today.
Committee—Republican and Democrat—added ideas and specific provisions that made it into this bill. I thank them for their very thoughtful and creative contributions.
helped participate and helped us get good housing ideas into this bill, particularly Senator Merkley and Senator Klobuchar, neither of whom is on the Banking Committee, who also joined with Senator Warnock, who is on the committee, in pushing to get private equity out of the housing market. I want to say a very special thank-you to them.
a very special thank-you to State and local officials, including the mayors across Massachusetts and around the country, who helped shape this bill, who really told us about places where we could change Federal law that would make a difference for them in their local communities, in being able to bring down the cost of housing. I am grateful to them for the content they helped put into this bill, and I am grateful to them for raising their voices to help us get it passed.
So here we are in a moment when the U.S. Senate and the House of Representatives may actually get something done, get it over to the President's desk. And it is something that is good for the American people.
I yield the floor.
The PRESIDING OFFICER. The Democratic leader.