Housing Supply Expansion Act

Senate Bill 3941 - Housing Supply Expansion Act: Overview, Status, and Impact

Hozzl · 2024-03-12T05:15:55Z

Explore the details of Senate Bill 3941 Housing Supply Expansion Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Housing and Community Development. Stay informed on legislative developments.

3/12/2024, 5:15 AM

Congressional Summary of S 3941

Housing Supply Expansion Act

This bill modifies the federal prevailing wage rates that apply to federally assisted housing and requires the Department of Labor to review and revise its process for determining prevailing wage rates.

Specifically, the bill applies the prevailing wage rate for residential construction to all housing projects that receive assistance under specified federal statutes. (Under current law, the residential construction prevailing wage rate applies to the construction, alteration, or repair of single-family homes or apartment buildings up to four floors in height.)

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Current Status of Bill S 3941

Bill S 3941 is currently in the status of Bill Introduced since March 28, 2022. Bill S 3941 was introduced during Congress 117 and was introduced to the Senate on March 28, 2022. Bill S 3941's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 28, 2022

Bipartisan Support of Bill S 3941

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3941

Primary Policy Focus

Housing and Community Development

Potential Impact Areas

- Advisory bodies

- Building construction

- Congressional oversight

- Department of Labor

- Executive agency funding and structure

- Housing supply and affordability

- Low- and moderate-income housing

- Public housing

- Wages and earnings

Alternate Title(s) of Bill S 3941

Housing Supply Expansion Act

A bill to amend subchapter IV of chapter 31 of title 40, United States Code, regarding prevalent wage determinations in order to expand access to affordable housing, and for other purposes.