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Tim Scott

Tim Scott

Chairman, Senate Banking, Housing, and Urban Affairs Committee

Appears in 5 stories

Stories

Bipartisan housing supply overhaul clears Congress as Trump withholds his signature

Rule Changes

Lead Republican sponsor

The 21st Century ROAD to Housing Act became federal law July 10, 2026, without Trump's signature. Trump let the constitutional 10-day window lapse, posting on Truth Social that he refused to sign 'in PROTEST' over the Senate's failure to pass the SAVE America Act. The housing law took effect anyway — Congress had cleared it with veto-proof margins.

Updated Jul 10

Congress moves to cap institutional landlords' home purchases

Rule Changes

Bill signed into law

President Trump signed the 21st Century ROAD to Housing Act on June 24, 2026, after the Senate passed the final text 85-5 and the House cleared it 358-32 the next day. The law bans large institutional investors from buying additional single-family homes for 15 years.

Updated Jun 24

Trump's debanking war with Wall Street

Rule Changes

Leading congressional effort to ban reputational risk standards

Donald Trump banked with JPMorgan Chase for decades; after the January 6 Capitol attack, the bank gave him 60 days to move hundreds of millions of dollars. As sitting president, he's suing the bank and its CEO for $5 billion, alleging political discrimination.

Updated May 22

Senate confirms Warsh to Federal Reserve Board

Rule Changes

Shepherded Warsh through committee

The Senate confirmed Kevin Warsh as the 17th Federal Reserve chair on May 13, 54-45—the closest such vote on record. He took over on May 15, when Jerome Powell's term expired and Powell stepped back to a regular governor seat.

Updated May 15

Netflix’s $72 billion bid for Warner Bros. reshapes the streaming power map

Money Moves

New political critic urging DOJ/FTC to scrutinize and potentially block the merger

After Netflix and Warner Bros. Discovery announced their $72 billion equity-value agreement on December 5, the transaction quickly became a live bidding contest and a regulatory test case. On December 8, Paramount Skydance launched an unsolicited all-cash tender offer at $30 per share to derail the Netflix deal and keep WBD intact, including networks slated for its Discovery Global spin-off. Within days, Netflix began a coordinated shareholder push backing its signed merger agreement and emphasizing regulatory execution, while WBD prepared formal filings to respond to the tender offer.

Updated May 9