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The Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers (The Corps) have issued a controversial proposed regulation that would place more water bodies under federal authority, which would result in more property rights violations, more time consuming and expensive permits, more regulatory red tape, and less economic development in communities across the country.
The comment period closed on Nov. 14, 2014. NAR signed onto two coalition letters, helped engineer comments from Congress, and circulated a model comment letter to Realtor members they could send to EPA that detailed the impacts of this proposed regulation on their businesses and clients. Even though the comment period has ended, NAR will continue its legislative and regulatory efforts to have EPA withdraw this rule and start from scratch to develop more effective ways to protect the quality of our country's water.