Unlocking Housing Supply Through Streamlined and Modernized Reviews Act

# Unlocking Housing Supply Through Streamlined and Modernized Reviews Act (S 2390) **What the Bill Would Do** This bill aims to address housing shortages by speeding up the process for approving new residential construction projects. Currently, new housing developments often require extensive environmental and regulatory reviews that can take years to complete. The bill would streamline these review processes to get projects approved faster, theoretically making it quicker and easier to build new homes. **Who It Affects and Key Provisions** The bill would primarily affect developers, construction companies, and people looking for affordable housing. It would likely reduce the time and costs associated with building new residential projects by modifying or shortening environmental review requirements, permitting timelines, or other regulatory procedures.

This could help address housing shortages in areas where limited supply has driven up prices. **Current Status** As of now, S 2390 is in committee, meaning it has been introduced but hasn't yet advanced to a full Senate vote. The bill was sponsored by Senator Mike Rounds (R-SD). Without more detailed information about specific provisions, it's unclear what exact review processes would be affected or how substantially timelines would be reduced.