The Senate has passed H.R. 6644 - Housing for the 21st Century Act. This bill was introduced by Representative J. French Hill.
The vote was 89-10.
You can track corporate lobbying on this bill and relevant congressional stock trades on Quiver Quantitative's H.R. 6644 bill page.
Here is a short summary of a February 24, 2026 version of the bill.
H.R. 6644 - Housing for the 21st Century Act Summary
The Housing for the 21st Century Act is a legislative proposal aimed at addressing the housing supply in the United States. The bill intends to streamline existing regulations, set new guidelines for zoning, establish grant programs for housing, and improve oversight of housing providers to ensure the availability of affordable housing options.
Key Provisions
1. **Streamlining Regulations**: The bill proposes to simplify and accelerate the regulatory processes involved in housing development, which could potentially increase the number of new housing units built in various jurisdictions.
2. **Zoning Guidelines**: It includes provisions to create clearer zoning guidelines to facilitate housing development, particularly in areas that are currently burdened by restrictive zoning laws.
3. **Exemption for the Secretary of Agriculture**: Under certain conditions, the Secretary of Agriculture will not be required to conduct environmental studies for housing projects located on infill sites. This exemption is intended to expedite housing projects in urban areas, with a report to Congress expected within five years to evaluate its effects on processing times and costs.
4. **Funding Changes**: For jurisdictions receiving federal funding, the required minimum allocation will increase from $500,000 to $750,000. Additionally, there will be a mandate to track regulatory barriers that may impede housing supply. These jurisdictions will also be eligible for new affordable housing construction grants, with performance reports required for rural housing programs.
5. **Small-Dollar Mortgages**: The bill introduces a pilot program focusing on small-dollar mortgages, defined as loans of $100,000 or less. This program will last for four years, after which the Federal Housing Commissioner and the HUD Secretary will be restricted from starting new initiatives to improve access to these mortgages for three years following the pilot's conclusion.
6. **Heirs' Properties**: The legislation estimates the number of heirs' properties (properties that are inherited and often co-owned) and endorses the objectives of the Uniform Partition of Heirs Property Act. It emphasizes the need for resources to help property owners manage these properties and recommends state-level incentives and legal support services to reduce the prevalence of heirs' properties.
7. **Amendments to Financial Regulations**: The bill amends the Federal Deposit Insurance Act, allowing the Corporation to pursue alternatives to the least costly methods for resolving issues at deposit institutions if deemed beneficial after consultation with financial authorities. It also places stricter guidelines on granting waivers for bank merger concentration limits, especially in cases of financial distress.
Relevant Companies
- Zillow (Z) - As a major player in the real estate market, changes in housing supply regulations and affordable housing initiatives could significantly affect Zillow's operations and service offerings.
- KB Home (KBH) - This homebuilding company could see a direct impact from streamlined housing regulations and increased availability of grants for affordable housing projects.
This article is not financial advice. Bill summaries may be unreliable. Consult Congress.gov for full bill text. See Quiver Quantitative's disclaimers for more information.
Representative J. French Hill Bill Proposals
Here are some bills which have recently been proposed by Representative J. French Hill:
- H.R.7253: Ticket to Work Advertisement Act
- H.R.7180: Countering Captagon and Narcotics Post-Assad Act
- H.R.6955: Main Street Capital Access Act
- H.R.6644: Housing for the 21st Century Act
- H.R.6524: HIRE Act
- H.R.5626: Taiwan and American Space Assistance Act of 2025
You can track bills proposed by Representative J. French Hill on Quiver Quantitative's politician page for Hill.
Representative J. French Hill Net Worth
Quiver Quantitative estimates that Representative J. French Hill is worth $20.4M, as of March 12th, 2026. This is the 63rd highest net worth in Congress, per our live estimates.
Hill has approximately $16.6M invested in publicly traded assets which Quiver is able to track live.
You can track Representative J. French Hill's net worth on Quiver Quantitative's politician page for Hill.
Representative J. French Hill Stock Trading
We have data on up to $4.0M of trades from Representative J. French Hill, which we parsed from STOCK Act filings. Some of the largest trades include:
- A December 31st, 2025 sale of up to $250K of $PFE. The stock has risen 9.64% since then.
- A June 23rd, 2025 sale of up to $250K of $SFNC. The stock has risen 2.63% since then.
- A June 23rd, 2025 sale of up to $250K of $BX. The stock has fallen 22.46% since then.
- A November 22nd, 2023 sale of up to $250K of $PM. The stock has risen 77.83% since then.
- A June 23rd, 2025 sale of up to $100K of $LAZ. The stock has fallen 2.58% since then.
You can track Representative J. French Hill's stock trading on Quiver Quantitative's politician page for Hill.
