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 and check the "legislative & regulatory issues" box.
The Financial Crimes Enforcement Network (FinCEN), one of the U.S. Treasury’s leading agencies in the fight against money laundering and financing of terrorism, has renewed the Geographic Targeting Orders (GTOs) that impose data collection and reporting requirements on title companies involved in certain residential real estate transactions, effective November 17, 2018, through May 15, 2019.
The Federal Housing Administration (FHA) released its Annual Report to Congress on the financial health of the FHA Mutual Mortgage Insurance Fund for Fiscal Year (FY) 2018.
NAR participated in the 2018 Kemp Leadership Award Dinner in Washington, DC, hosted by the Jack Kemp Foundation. The recipient of the award was Sean Parker, for his work and leadership on the Qualified Opportunity Zone program.
HUD is extending the comment period on HUD's advance notice of proposed rulemaking on possible amendments to Affirmatively Furthering Fair Housing (AFFH) regulations.
The Treasury Department released proposed rules for Qualified Opportunity Zones, a federal program created by the Tax Cuts and Jobs Act in 2017.
Iona Harrison, a REALTOR® from Upper Marlboro, Maryland, testified before a public hearing held by the Internal Revenue Service (IRS) on the 20% deduction for owners of rental real estate.
NAR sent comments to the Department of Housing and Urban Development (HUD) on HUD's advance notice of proposed rulemaking on possible amendments to HUD’s Affirmatively Furthering Fair Housing (AFFH) regulations.
NAR sent a joint letter to the Federal Trade Commission (FTC), in anticipation of the FTC's announced hearing on Data Privacy and Security on November 6-7.
S. 3021, "America's Water Infrastructure Act," would authorize numerous port revitalization, flood control, drinking water and water storage projects.
Fannie Mae is currently offering appraisal waivers in exchange for a mandatory home property inspection, for properties in high-needs rural areas as determined under the Duty to Serve Underserved Markets rule.