The Senate overwhelmingly passed a bipartisan housing reform bill on March 12, part of a broader effort to reduce home costs for everyday Americans. The bill, supported by Sens. Tim Scott and Elizabeth Warren, would ban large institutional investors from competing with traditional buyers for existing single-family homes. It would also reduce some regulatory barriers to building and incentivize affordable housing production by providing grants to local governments and tribes. However, the House of Representatives lacks universal support due to a provision related to digital currency. The White House has indicated it would sign the Senate's version of the bill if it passes both chambers.