Currently Reading

How Changes to Congressional Committees Will Impact Housing

Advertisement
Government + Policy

How Changes to Congressional Committees Will Impact Housing


November 10, 2020
US Capitol Building
Photo: W.Scott McGill

With the confirmation of Vice President Joe Biden turning into president-elect, Americans are still waiting for the fight for the Senate to conclude. Congress oversees committees most important to the housing industry, according to the National Association of Home Builders, and such committees include the Senate Finance Committee, House Ways and Means Committee, Senate Banking, Housing, and Urban Affairs Committee, along with many more. These changes to Congress mean changes to those overseeing key housing issues. Read more to see the changes so far to each committee and the potential impacts, according to NAHB’s executive vice president of government affairs.

Senate Finance Committee
Sen. Chuck Grassley (R-Iowa) will step down under Senate rules after six years as chairman,
and if Republicans retain control of the Senate, hand the gavel to Sen. Mike Crapo (R-Idaho),
who is the outgoing chairman of the Banking Committee. Crapo’s preferred leadership
approach is to build bipartisan consensus, which matches well with the approach taken by
Sen. Ron Wyden (D-Ore), who will remain as the ranking member. With Democrats retaining
control in the House, broad policy breakthroughs are unlikely, but Crapo’s leadership
approach may open the door to advancing focused tax priorities.

If Democrats flip the Senate, the roles will be reversed – Wyden will become chairman of the
committee and Crapo will be the ranking member. Wyden’s pragmatic approach to
dealmaking opens up potential for bipartisan work with Crapo, but the Senate’s progressive
members on the far left will make any bipartisan consensus difficult.

Read More

Related Stories

Government + Policy

Housing Affordability Affects Housing Choice

NAHB Housing Policy Briefing | NAHB encourages policymakers to focus on incentives for local governments to embrace new housing developments, including affordable low-income and workforce housing

Building Materials

NAHB Leadership Predicts Lumber Price, New Administration Effects on Housing

The National Association of Home Builders’ Chief Economist Robert Dietz sits down with leadership to discuss the potential impacts both building…

Government + Policy

Here Are the Housing Provisions in the $900-Billion Relief Package

The National Association of Home Builders highlights key elements pertaining to the housing market in its Eye on Housing blog.

Advertisement
Advertisement

More in Category




Advertisement
Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.