To condition the receipt of Federal housing funds by a State or political subdivision of a State, or any agency or office thereof, on the preparation of an economic housing impact analysis regarding any new rule proposed by the State, political subdivision, agency, or office that has a significant adverse economic impact on housing construction costs or housing affordability of $50,000,000 or more, and for other other purposes.

H.R. 3266 would require state and local governments to conduct an economic impact study before implementing any new regulation that significantly increases the cost of housing. Specifically, if a proposed rule is expected to increase construction costs or decrease housing affordability by $50 million or more annually, the government entity must analyze those costs to remain eligible for federal housing funds. This measure is intended to provide transparency regarding how local regulations, such as zoning or building codes, affect the overall price and availability of homes for residents.