Washington Report

Advocacy Updates from Washington D.C.

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.

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On September 9, 2014, the House voted 262-152 to pass HR 5078, the ‘Waters of the U.S.’ Regulatory Overreach Protection Act by Reps. Steve Southerland (R-FL) and Nick Rahall (D-WV).  The Environmental Protection Agency has proposed to redefine most water bodies as so-called “waters of the U.S.” where it may regulate land use on private property.  However, this...

FEMA has updated THE manual which insurance companies use to write flood insurance policies.  The comprehensive manual provides answers to just about any question a REALTOR® or REALTOR® Association staffer may have regarding flood insurance, ranging from how condos are treated to rate tables as revised by the Homeowner Flood Insurance Affordability Act enacted earlier this year....

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