The Washington Report covers legislative and regulatory policy activities, and is compiled by NAR's Government Affairs policy staff. To receive this content via email, subscribe to NAR's Weekly Report newsletter and check the "legislative & regulatory issues" box.
The U.S. Senate Committee on Banking, Housing & Urban Affairs held its first or several hearings of the year on housing finance reform.
NAR submitted letters to the FHFA Director, U.S. Treasury Secretary, and to Members of Congress expressing concern related to the scheduled elimination of capital reserves held by Fannie Mae and Freddie Mac (Enterprises).
The House Financial Services Committee began consideration of a series of bills to reform and reauthorize the National Flood Insurance Program (NFIP). The Committee is expected to vote on these bills and then combine them into one package for consideration by the full House.
The House Financial Services Committee began marking up seven bills reauthorizing the National Flood Insurance Program (NFIP). These bills would reauthorize the NFIP for five years, as well as make changes to the program and how it's administered, some which will affect the way that commercial properties purchase and utilize the program.
NAR submitted a letter in response to the Department of Housing and Urban Development’s (HUD) request for comment regarding HUD's effort to evaluate and identify regulations that merit repeal, replacement or modification in accordance with the directives under Executive Order 13777, “Reducing Regulation and Controlling Regulatory Costs.”
NAR 2017 President-Elect Elizabeth Mendenhall hosted a roundtable with government regulators and industry leaders focused on the advancement of electronic closing (eClosing) processes.
NAR sent a letter in response to the Department of Veterans Affairs (VA) advanced notice of proposed rulemaking regarding revisions to allowable charges and fees associated with VA guaranteed home loans.
NAR President submitted a letter in response to the U.S. Department of Agriculture's (USDA) proposed re-organization of the USDA governing structure, in which the Under Secretary of Rural Development would be removed and the USDA Rural Development programs would report directly to the Secretary of Agriculture.
The House Financial Services Committee held a hearing entitled “Flood Insurance Reform: A Taxpayer’s Perspective.”
U.S. Department of Labor Secretary Alexander Acosta withdrew the 2015 informal guidance on independent contractor misclassification offering a victory to independent contractors across the county.