The Washington Report covers legislative and regulatory policy activities, and is compiled by NAR's Advocacy Group policy staff. To receive this content via email, subscribe to NAR's Weekly Report newsletter and check the "legislative & regulatory issues" box.
The House Transportation and Infrastructure Committee passed a modified version of a water infrastructure bill, the Water Resources Development Act, by voice vote.
The Senate confirmed Brian Montgomery to be the Assistant Secretary/FHA Commissioner for the Department of Housing and Urban Development by a vote of 74-23.
On May 24, the President signed into law S. 2155, the "Economic Growth, Regulatory Relief, and Consumer Protection Act," which the House passed the previous day (the Senate passed it in March).
The National Association of REALTORS®, along with nearly 200 other associations, joined in a letter to the U.S. Department of Treasury and the IRS asking for a one-year delay of a new requirement that makes certain employee fringe benefits subject to tax.
On May 22, Congress passed a banking reform package that included additional consumer protections for PACE loans.
NAR sent a letter to the House of Representatives in support of S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act” that passed by a vote of 258 to 159.
On May 16, 2018, the U.S. Department of Housing and Urban Development (HUD) extended the Hurricane Maria-related Presidentially-Declared Disaster Areas foreclosure moratorium for Puerto Rico and the U.S. Virgin Islands (USVI).
President Trump nominated Michael R. Bright, the Executive Vice President, Chief Operating Officer, and Acting President of the Government National Mortgage Association (Ginnie Mae), to be the President of Ginnie Mae.
The U.S. Dept. of Energy has released the 2018 Better Buildings Annual Progress Report.
NAR signed-on to a business coalition letter urging Congress to increase funding for the decennial census in fiscal year 2019 above the $4.27 billion recommended by the administration to $4.735 billion.