Transit-Oriented Housing Development Act of 2026
The source supplies the latest action, but no lifecycle stage.
Latest action (24 Sep 2026): Read twice and referred to the Committee on Finance.
What this bill does
This bill, S. 5553, introduced by Senator Cory Booker, aims to amend the Internal Revenue Code. Its stated purpose is to increase the availability of housing bonds and housing credit allocations specifically for transit-oriented developments. The full text detailing the specifics of these changes has not yet been published.
While the bill's exact provisions are not yet public, the title suggests it would impact the tax code related to housing finance. Transit-oriented developments are typically areas built around public transportation hubs. Those involved in financing or developing such projects, or potentially individuals or entities seeking housing in these areas, could be affected.
The bill has been introduced in the 119th Congress and its current status is "Introduced," with the latest action being its introduction on September 24, 2026. As the full text is not yet available, it is not possible to outline the subsequent steps in the legislative process or specific potential outcomes.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
24 Sep 2026
Read twice and referred to the Committee on Finance.
Common questions
- What does S. 5553 do?
- This bill, S. 5553, introduced by Senator Cory Booker, aims to amend the Internal Revenue Code. Its stated purpose is to increase the availability of housing bonds and housing credit allocations specifically for transit-oriented developments. The full text detailing the specifics of these changes has not yet been published. While the bill's exact provisions are not yet public, the title suggests it would impact the tax code related to housing finance. Transit-oriented developments are typically areas built around public transportation hubs. Those involved in financing or developing such projects, or potentially individuals or entities seeking housing in these areas, could be affected. The bill has been introduced in the 119th Congress and its current status is "Introduced," with the latest action being its introduction on September 24, 2026. As the full text is not yet available, it is not possible to outline the subsequent steps in the legislative process or specific potential outcomes.
- Has S. 5553 become law?
- The source does not supply a confirmed lifecycle stage for S. 5553. Check the latest action and official source below.
- Who sponsored S. 5553?
- S. 5553 was sponsored by Sen. Booker, Cory A. [D-NJ] (D-NJ), with 0 cosponsors.
- What's the latest action on S. 5553?
- Read twice and referred to the Committee on Finance. (24 Sep 2026).
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