The US Senate has sent the 21st Century ROAD to Housing Act to the President’s desk to be signed into law.
The legislation garnered significant bipartisan support, which seems rare in today’s fractured political environment.
The Chairman of the Senate Banking Committee, Tim Scott, said the legislation was a major win for families seeking the American Dream.
“I know the power of a safe place to call home because I watched my mother work hard to make that dream possible for our family in North Charleston. The 21st Century ROAD to Housing Act will help more Americans put down roots, build a better future, and find not just a house, but a home, and I look forward to President Trump signing it into law.”
The legislation seeks to “cut red tape, unlock housing supply, protect taxpayers, preserve local control,” to boost homeownership.
Included in the language of the bill is a prohibition on central bank digital currency (CBDC), stating that the US Federal Reserve may not issue a CBDC or anything similar. The prohibition does have an expiration date of December 31, 2030.
The temporary ban is due to concerns of governmental abuse and privacy rights, as a government-issued digital dollar could provide exceptional insight into transfers and payments by individuals and corporations. While the US is focusing on regulated, privately issued stablecoins to support a digital dollar, some jurisdictions, like the EU and China, are seeking to support government-issued digital currencies.
The GENIUS Act became law in 2025 in the US and outlines the requirements for privately issued “payment stablecoins.”
UPDATE: The President has postponed the signing of the bill, the 21st Century ROAD to Housing Act, until the SAVE America Act is approved. This legislation requires proof of identification to verify citizenship and voting eligibility. The legislation has been a partisan hot point as Republicans support the bill while Democrats do not.