U.S. Congress reached a bipartisan, bicameral agreement on the 21st Century ROAD to Housing Act on June 16 2026, a move that targets the national housing market and curtails the influence of large institutional investors in single‑family home purchases.
Key Provisions of H.R. 6644
The legislation, identified as H.R. 6644, mandates higher construction output to ease housing shortages while imposing stricter limits on bulk acquisitions by investment firms. Senate Banking Chair Tim Scott, Ranking Member Elizabeth Warren, House Financial Services Chair French Hill, and Ranking Member Maxine Waters all signed the updated text, emphasizing its significance as the most extensive housing bill in three decades.
Restrictions on a Federal Reserve Digital Dollar
The bill also blocks the Federal Reserve from issuing a central bank digital currency, or any digital asset resembling a U.S. dollar, until December 31 2030 unless Congress revisits the rule. By defining a CBDC as a dollar‑denominated digital coin directly backed by the Fed, the provision links the future of digital money to broader blockchain and crypto discussions. House Republicans championed this clause, reviving language from earlier proposals to preserve the current monetary market structure.