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 Member's Edge newsletter.
Congress extends EB-5 Regional Center Programs authorization through November 21, 2019.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively “the Agencies”) adopted a final rule increasing the threshold for requiring an appraisal in residential real estate transactions from $250,000 to $400,000.
The Internal Revenue Service this week released final guidance regarding a safe harbor to help owners of real estate enterprises determine whether they qualify for the new 20% deduction for “qualified business income.”
H.R. 1595 creates a safe harbor for federally-insured financial institutions to provide services to cannabis-related businesses in states that have legalized the substance.
The House Financial Services Committee passed a number of NAR-supported bills to expand access to credit.
The Congressional Western Caucus, chaired by Rep. Paul Gosar (R-AZ), held a roundtable on 9/24 with several House members and officials from the Department of Interior to discuss a 19-bill draft legislative package they will be introducing to reform the Endangered Species Act.
NAR joined a stakeholder coalition letter to all Members of the U.S. Congress urging a long-term reauthorization of the Terrorism Risk Insurance Program (TRIP) before its expiration at the end of 2020.
There has been a lot of press coverage of a new bill introduced in the House that deals with short-term rentals.
NAR submitted a comment to the CFPB regarding its advanced notice of proposed rule making on the qualified mortgage rule "patch".
The Consumer Financial Protection Bureau (CFPB) held a press event in Atlanta to announce its new innovation policies and also to announce the opening of a new bureau office in Atlanta.