This Act may be cited as the Affordable Housing Through Common-Sense Standards Act.

Not later than 1 year after the date of the enactment of this Act, the Comptroller General of the United States shall conduct a study and submit a report to the Congress that examines the costs and benefits that could be associated with establishing a Federal uniform residential building code, including whether such a code could— (1) reduce the amount of time required for units of local government to approve new construction; (2) reduce the cost of residential construction in the United States; or (3) increase the quality of available and affordable residential housing in the United States.