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WSJ Opinion: Potomac Watch

The Senate Housing Bill Backed by Tim Scott and Elizabeth Warren

WSJ Opinion: Potomac Watch

The Wall Street Journal

News, Society & Culture

4.22.8K Ratings

🗓️ 11 March 2026

⏱️ 22 minutes

🧾️ Download transcript

Summary

Voters are frustrated by home prices, and the Senate will soon take up the bipartisan 21st Century ROAD to Housing Act. But the bill is a 300-page melange of federal grants and pilot programs, plus a progressive ban on home purchases by big investors. Plus, 22 states sue over Donald Trump's tariffs under Section 122. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

How are the U.S. businesses of Philip Morris International invested in America?

0:05.0

We're invested in advancing science, giving adults who smoke better options.

0:10.0

We're invested in American manufacturing, helping local economies thrive.

0:15.0

We're invested in community, supporting military veterans and their families,

0:19.0

disaster relief, and economic empowerment.

0:22.5

Because we're proud to be invested in America. See how at uspMI.com.

0:32.3

From the opinion pages of the Wall Street Journal, this is Potomac Watch.

0:40.6

As the Senate prepares to pass a bipartisan housing bill, what's in this legislation? And can it get through conservative

0:45.0

objections in the House? Plus, 22 Democratic attorneys general sued to challenge President

0:51.7

Trump's latest global tariff regime and they cite no less an authority than Milton Friedman.

0:57.7

Welcome, I'm Kyle Peterson with the Wall Street Journal.

1:00.7

We're joined today by my colleague on the WSJ's opinion pages, columnist Alicia Finley.

1:06.9

The Senate is set to vote in coming days on the 21st century Road to Housing Act. And what a

1:13.1

suitcase this bill is, about 300 pages covering a pretty wide range of housing topics, maybe

1:20.2

bipartisanship at its most backslapping. And to that point, here is one supporter of the bill.

1:25.5

This is South Carolina Republican Senator Tim Scott.

1:28.7

The 21st Century Road to Housing Act really does meet the need. It focuses on local jurisdictions,

1:35.0

number one. It removes red tape and unnecessary burdensome processes from the federal government,

1:40.6

number two, and number three, it creates and will expand housing supply while

1:45.6

focusing on affordability.

1:48.0

Here in the other side of the aisle is Massachusetts Democrat Elizabeth Warren.

1:52.5

Private Equity's housing grab has increased rapidly in just the last couple of years.

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