Washington, Feb. 10 -- Congressman William Timmons issued the following press release:

Today, U.S. Congressman William Timmons (SC-04) released the following statement after the House of Representatives passed the bipartisan Housing for the 21st Century Act by a vote of 390-9. The legislation reflects a year-long bipartisan effort led by members of the House Committee on Financial Services to address rising housing costs, cut unnecessary regulations, and increase America's housing supply.

"The Housing for the 21st Century Act returns the dream of homeownership to millions of Americans," said Congressman Timmons. "America's housing shortage and years of inflation have pushed costs out of reach for too many families. This bipartisan packag...