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.
Douglas Trudeau, of Tierra Antigua Realty in Tuscon AZ , received permission from the Federal Aviation Administration (FAA) to use Unmanned Aerial Vehicles (UAVs), a.k.a. drones, to create marketing videos to sell property.
The Environmental Protection Agency (EPA) is delaying the release of carbon emissions rules for all power plants, known as the Clean Power Plan, and will publish them for new as well as existing plants at the same time mid-summer.
On December 16, 2014, the Senate passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a vote of 76-16.
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 to push FHA to lower the mortgage premiums.
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).