Political speech, timestamped and in context

Tim Scott: “Housing affordability remains one of the biggest challenges facing the American people.”

Featuring: Tim Scott, Republican | U.S. Senate, South Carolina

JUST IN: Tim Scott Leads Senate Banking Committee Hearing To Consider Pending Nominations

Published October 1, 2026

Mr. Jones, your nomination to lead the Federal Housing Administration and the Office of Housing comes at a critical time. Housing affordability remains one of the biggest challenges facing the American people. For a first time homebuyer in Hanahan, South Carolina or a young family in Greer, South Carolina, the American dream of homeownership can feel further and further away. (01:49–01:54)

STATEMENT

Asserts that housing affordability is a major challenge for Americans.

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See the main statements from Tim Scott in this video

“Ex IM helps American companies compete on the playing field where foreign governments are often subsidizing and financing their own businesses, chief among them, China.”
Asserts that the Export-Import Bank helps American companies compete against foreign-subsidized businesses, particularly from China.00:31-00:43
“We need an Export Import bank that helps American companies win, strengthens critical supply chain, supports our energy and technology leadership, and protects taxpayers along the way.”
Asserts the need for an Export-Import Bank that supports American companies, supply chains, energy, technology, and taxpayers.00:55-01:08
“Exim's ability to approve major transactions depends on maintaining a functioning board with a quorum.”
Asserts that the Export-Import Bank requires a functioning board with a quorum to approve major transactions.01:10-01:18
“For businesses in South Carolina and across the country, access to Ex IM financing can mean the difference between winning a contract and losing it to a foreign competitor.”
Asserts that access to Export-Import Bank financing is crucial for American businesses to compete with foreign competitors.01:17-01:28
“FHA plays an important role in helping families access mortgage financing while also protecting taxpayers and keeping the housing finance system strong.”
Asserts that the Federal Housing Administration helps families access mortgages and protects taxpayers.02:04-02:14
“The programs in the Office of Housing drive innovations in manufactured housing, provide an important safety net for the elderly and those with disabilities, and support housing counseling efforts nationwide.”
Asserts that the Office of Housing supports innovations in housing, safety nets for vulnerable populations, and housing counseling.02:15-02:28
“This hearing was noticed more than seven days in advance.”
Asserts that the hearing was scheduled with more than seven days' notice.14:27-14:32
“Senate Rule 26 expressly authorizes standing committees to hold hearings during the sessions, recesses and adjourn periods of the Senate.”
Asserts that Senate Rule 26 allows committees to hold hearings at various times.14:50-14:59