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 the Edge Up with NAR newsletter.
The Senate passed the 2022 National Defense Authorization Act (NDAA) which included a provision containing the Promoting Affordable Housing Near Transit Act and now heads to President Biden's desk for his signature.
In her testimony before Congress, NAR's President Rouda Smith shared REALTORS®' concerns about issues preventing greater utilization of VA financing.
NAR submitted a comment letter to the FHFA in response to its request for input on changes to the 2020 enterprise regulatory capital framework (ERCF), or capital rule.
Many federal unemployment benefits were set to expire on On Labor Day weekend as the current economic recovery continues.
The Biden Administration has released the FY 2022 Budget of the United States Government. Check out the budget items of note to the real estate industry.
Bipartisan legislation has been introduced to increase the equity for "Schedule C Filers" who took out Paycheck Protection Program (PPP) loans prior to March 2021.
In this holding the CFPB Director now serves “at will” and can be fired at the discretion of the President.
The recently-enacted Protecting American Taxpayers from Tax Hikes (PATH) Act (H.R. 2029, P.L. 114-113) includes two NAR-supported provisions affecting the Foreign Investment in Real Property Tax Act (FIRPTA) that are estimated to boost significantly foreign investment in U.S. commercial real estate.
Read about the real estate provisions of the bill.
The Senate Finance Committee unanimously approved a bill easing the FIRPTA rules for foreign investors in publicly-traded U.S. real estate investment trusts (REITs).
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