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.
On March 4, 2014, the House voted 306-91 to approve the Homeowner Flood Insurance Affordability Act (H.R. 3370) with amendments.
On Wednesday, Feb. 26, 2014, House Ways and Means Committee Chairman Dave Camp (R-MI) released his long-awaited discussion draft for comprehensive reform of the tax code.
On Feb. 25, the Senate Banking Committee held Part II in a series of hearings to examine the Terrorism Risk Insurance Act (TRIA) of 2002, which sunsets on December 31, 2014.
On Feb. 26, Senators McCaskill (D-MO) and Rockefeller (D-WV) introduced legislation that will better equip the nation’s top consumer protection agency with the tools needed to crack down on “patent trolls”—companies that buy patents, but then fail to actually produce goods or services, opting instead to intimidate or sue other small businesses.
On Feb. 26, 2014, NAR sent a letter to the House Financial Services Committee's Subcommittee on Capital Markets and Government Sponsored Enterprises for a hearing on the Dodd-Frank Act’s impact on asset-backed securities.
On Feb. 20, 2014, Freddie Mac Senior Vice President for Single Family Servicing, Tracy Hagen Mooney, sent a letter to NAR President to address member concerns about Freddie Mac's short sale/auction pilot.
The Waters Advocacy Coalition, of which NAR is an active participant, has stepped up its educational activities on the issue of "Waters of the U.S." by hosting a Forum for congressional staff on Capitol Hill and hosting a separate webinar for interested individuals and organizations.
The House is scheduled to vote up-or-down on an amended version of H.R. 3370, the Flood Insurance Affordability Act, during the first week of March
The broad-based “Commercial Properties Coalition”, which includes NAR and many other real estate and development groups, sent the latest in a series of comment letters to EPA regarding lead paint issues. This letter addresses a nationwide questionnaire in which the agency proposes to survey building owners, tenants and contractors regarding renovation and remodeling practices in commercial buildings.
The White House unveiled a package of executive actions designed to limit the potential for abuses of the patent system. It also called on Congress to pass legislation. The U.S. Patent & Trademark Office (USPTO) announced three new initiatives aimed at reducing the burden of patent trolls on American businesses.