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Washington Report

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.

FAA Proposes Commercial Drone Rule

February 20, 2015: 

The FAA has begun the rule making process to address the commercial use of unmanned aerial vehicles, otherwise known as drones.

FEMA Holds Flood Standard Hearings

February 20, 2015: 

The White House recently issued an Executive Order 13690, requiring that any new construction or development in, and affecting floodplains funded by the federal government, will be required to meet the level of resilience established in the Federal Flood Risk Management Standard (FFRMS).

FHA Under Fire from Congress

February 13, 2015: 

HUD Secretary Julian Castro was the witness at a hearing before the House Financial Services Committee entitled, “The Future of Housing in America: Oversight of the Federal Housing Administration”.

House Passes Expensing Bill

February 13, 2015: 

Tthe House of Representatives passed H.R. 636, America’s Small Business Tax Relief Act, by a vote of 272-142.

FIRTPA Bill Takes First Step

February 13, 2015: 

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).