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NAR Legislative and Regulatory Year in Review

December 31, 2014: 

The 2014 NAR Legislative and Regulatory Year in Review document gives you a quick overview of the issues NAR tackled in 2014.

Senate Passes Mortgage Debt Tax Bill

December 19, 2014: 

On December 16, 2014, the Senate passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a vote of 76-16.

Senate Fails to Reauthorize TRIA

December 19, 2014: 

Despite having a bipartisan compromise bill, the Senate failed to reauthorize the Terrorism Risk Insurance Act (TRIA) before it adjourned for the remainder of the year, resulting in the program expiring on December 31, 2014.

NAR Continues Push on Premiums

December 19, 2014: 

NAR continues to push FHA to lower the mortgage premiums.

FEMA Creates Interim Advocate Office

December 19, 2014: 

The Federal Emergency Management Agency (FEMA) recently announced the launch of the Interim Office of the Flood Insurance Advocate, led by the Acting Flood Insurance Advocate, David Stearrett. NAR strongly supported the creation of the Advocate's Office during congressional debate of the Homeowner Flood Insurance Affordability Act (HFIAA).

Eminent Domain Prohibition Signed Into Law

December 19, 2014: 

The Fiscal Year 2015 Omnibus Appropriations bill contained a provision which prohibits HUD, FHA, or Ginnie Mae's involvement in the eminent domain scheme developed by Mortgage Resolution Partners and considered by more than a dozen municipalities across the country.

End of Lame Duck Session of Congress

December 17, 2014: 

Session had mixed results for REALTORS®.

Realtors® Disappointed Senate Failed to Reauthorize Federal Terrorism Risk Insurance Program

December 17, 2014: 

The U.S. Senate’s alarming failure to renew the federal terrorism risk insurance program before adjournment will stall commercial real estate development around the country.

Realtors® Applaud Final Passage of Legislation to Extend Key Real Estate Tax Provisions

December 17, 2014: 

The package of tax extensions approved by Congress includes important provisions that will help distressed homeowners and commercial property investors with transactions made during 2014.

NAR Testifies on Capitol Hill

December 12, 2014: 

On December 9, 2014, the U.S. Senate Banking Subcommittee on Housing, Transportation, and Community Development held a hearing entitled, “Inequality, Opportunity, and the Housing Market.”

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