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.
On December 12, 2013, The Federal Reserve Board, along with five other federal regulatory agencies, issued a final rule to exempt a subset of higher priced mortgage loans (HPML) from certain appraisal requirements.
On Dec. 5, 2013 the U.S. House passed the H.R. 3309 “Innovation Act” aimed at curbing abuses in the patent litigation system.
The EPA and the Army Corps of Engineers have released a cost-benefit analysis in support of their proposed rule to regulate all waters of the U.S. under the Clean water Act.
Before a House subcommittee on Nov. 19, 2013, NAR past president Moe Veissi testified against further implementation of rate increases until FEMA can report to Congress as required by the Biggert-Waters law.
On Wednesday Nov. 20, 2013 the CFPB issued the final RESPA/TILA rule.
Senate Finance Committee Chairman Max Baucus (D-MT) released a draft tax reform proposal today, which included several provisions that would affect current tax provisions for commercial real estate in a negative way.