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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 Committee Passes PATH Act

July 26, 2013: 

Last week the House Financial Services Committee passed H.R 2767, the Protecting American Taxpayers and Homeowners (PATH) Act, introduced by Rep Garrett (R-NJ). The vote of 30-27 was strongly along party lines with only two Republicans (Fitzpatrick (R-PA) and Miller (R-CA)) voting against the bill.

Senate Holds Hearing on FHA Bill

July 26, 2013: 

The Senate Banking Committee held a hearing last week on S. 1376, the "FHA Solvency Act of 2013," introduced by Senators Johnson (D-SD) and Crapo (R-ID). This bill provides promotes FHA’s financial solvency with common sense financial reforms, while still retaining FHA’s critical historic mission.

FEMA Distributes Flood Insurance Videos

July 26, 2013: 

The Federal Emergency Management Agency has released a video that presents an overview of the Biggert-Waters Flood Insurance Reform Act of 2012 (BW12).

House Holds Hearing on PATH Act

July 19, 2013: 

Last week the House Financial Services Committee held a hearing on the Protecting American Taxpayers and Homeowners (PATH) Act discussion draft, introduced by Chairman Hensarling (R-TX). The comprehensive discussion draft includes reforms to FHA, the GSEs, and the financial regulatory law known as the Dodd-Frank Act.

Flood Insurance Update

July 19, 2013: 

With NAR’s support, Senator Mary Landrieu (D-LA) successfully added a 1-year delay of “grandfathered” flood insurance rates to the Senate Homeland Security Appropriations Bill as approved by committee on July 18. The House-passed version also includes this provision. Next, the full Senate must vote on the measure.

Congressional Action on Housing Reform

July 12, 2013: 

Last week House Financial Services Chairman Hensarling (R-TX) introduced a comprehensive discussion draft on Housing Finance Reform. The draft bill, called the Protecting American Taxpayers and Homeowners (PATH) Act, includes reforms to FHA, the GSEs, and the financial regulatory law known as the Dodd-Frank Act.

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