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Tim Scott

Tim Scott

Chairman, Senate Banking, Housing, and Urban Affairs Committee

Appears in 5 stories

Office: United States senator
Born: September 19, 1965, Charleston
Party: Republican Party
Education: Presbyterian College, Charleston Southern University, R.B. Stall High School
Previous offices: United States senator, United States representative

Last updated Nov 1, 2026

Stories

Bipartisan housing supply overhaul clears Congress as Trump withholds his signature

Rule Changes

As of July 2026: Lead Republican sponsor

The 21st Century ROAD to Housing Act became federal law July 10, 2026, without Trump's signature. Trump let the constitutional 10-day window lapse, posting on Truth Social that he refused to sign 'in PROTEST' over the Senate's failure to pass the SAVE America Act. The housing law took effect anyway — Congress had cleared it with veto-proof margins.

Updated Jul 10

Congress moves to cap institutional landlords' home purchases

Rule Changes

As of June 2026: Bill signed into law

President Trump signed the 21st Century ROAD to Housing Act on June 24, 2026, after the Senate passed the final text 85-5 and the House cleared it 358-32 the next day. The law bans large institutional investors from buying additional single-family homes for 15 years.

Updated Jun 24

Trump's debanking war with Wall Street

Rule Changes

As of May 2026: Leading congressional effort to ban reputational risk standards

Donald Trump banked with JPMorgan Chase for decades; after the January 6 Capitol attack, the bank gave him 60 days to move hundreds of millions of dollars. As sitting president, he's suing the bank and its CEO for $5 billion, alleging political discrimination.

Updated May 22

Senate confirms Warsh to Federal Reserve Board

Rule Changes

As of May 2026: Shepherded Warsh through committee

The Senate confirmed Kevin Warsh as the 17th Federal Reserve chair on May 13, 54-45—the closest such vote on record. He took over on May 15, when Jerome Powell's term expired and Powell stepped back to a regular governor seat.

Updated May 15

Netflix’s $72 billion bid for Warner Bros. reshapes the streaming power map

Money Moves

As of May 2026: New political critic urging DOJ/FTC to scrutinize and potentially block the merger

After Netflix and Warner Bros. Discovery announced their $72 billion equity-value agreement on December 5, the transaction quickly became a live bidding contest and a regulatory test case. On December 8, Paramount Skydance launched an unsolicited all-cash tender offer at $30 per share to derail the Netflix deal and keep WBD intact, including networks slated for its Discovery Global spin-off. Within days, Netflix began a coordinated shareholder push backing its signed merger agreement and emphasizing regulatory execution, while WBD prepared formal filings to respond to the tender offer.

Updated May 9