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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.

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).

Administration Issues Federal Flood Standard

February 13, 2015: 

The White House recently issued an Executive Order 13690: "Establishing a Federal Flood Risk Management Standard and a Process for Further Soliciting and Considering Stakeholder Input."

NAR Provides Information on Rural Housing

February 13, 2015: 

The House Committee on Agriculture held a hearing on the "State of the Rural Economy."

Congress Introduces New Data Privacy Bills

February 6, 2015: 

Late last week, Congress introduced two new data privacy security bills. H.R. 580, “The Data Accountability and Trust Act (DATA), introduced by Representatives Bobby Rush (D-IL) and Joe Barton (R-TX), is substantially similar to a bill which has been introduced several times in previous Congresses.

3% Cap Bill Introduced

February 6, 2015: 

On Tuesday, Feb. 3, 2015, H.R. 685 "The Mortgage Choice Act" was introduced in the House of Representatives.