WASHINGTON, April 14 -- Sen. Bill Hagerty issued the following press release:
United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, has introduced the Freedom to Build Act to incentivize deregulation, expand housing supply, and make new homes more affordable.
The 2026 Economic Report of the President (https://www.whitehouse.gov/wp-content/uploads/2026/04/ERP-2026-6.-Protecting-and-Rebuilding-the-American-Dream-of-Homeownership.pdf) finds that a "bureaucrat tax" in the form of government regulations adds more than $100,000 to the cost of a home and constrains new construction. To address this, the Freedom to Build Actdirects the Secretary of Housing and Urban Development (HUD) to create a "Freedom to Build" c...