To require the President to declare a national housing emergency and invoke the Defense Production Act to incentivize residential housing production, and for other purposes.
Referred to the Committee on Financial Services, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary
The bill would force the President to officially declare a housing emergency and then invoke the Defense Production Act to encourage the construction of residential housing. It targets the federal executive and the housing industry, aiming to speed up the supply of homes for renters and buyers. The measure is intended to address the nation’s housing shortage by leveraging existing emergency powers.
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