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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.

NAR Addresses 3% Cap in House Hearing

May 24, 2013: 

On May 21, 2013, NAR submitted a statement for the record to the House Financial Services Subcommittee on Financial Institutions and Consumer Credit hearing on the Qualified Mortgage/Ability to Repay rule.  

Judiciary Committee Advances Immigration Bill

May 24, 2013: 

On May 21, 2013, the Senate Judiciary Committee approved S. 744, the Border Security, Economic Opportunity and Immigration Modernization Act, a broad overhaul of the nation’s immigration laws.

NAR Testifies on Impact of Student Loan Debt

May 24, 2013: 

On May 8, 2013, NAR Immediate Past President Moe Veissi testified at a Consumer Financial Protection Bureau field hearing on the impact that growing student debt will have on the ability of consumers to access mortgage credit, particularly first time homebuyers.

3% Cap Bill Introduced in the Senate

May 17, 2013: 

On Tuesday May 14, 2013 Senator Joe Manchin (D-WV) and Senator Mike Johanns (R-NE) introduced S. 949 "The Consumer Mortgage Choice Act" in the United States Senate. The legislation addresses discrimination in the calculation of fees and points under the 3% cap on fees and points in the Qualified Mortgage rules.

Marketplace Fairness Act Coalition Letter

May 3, 2013: 

On March 18, 2013, NAR, in coalition with other industry groups, sent a letter to the Senate in support of a proposed amendment to the fiscal year 2014 Senate Budget Resolution which would implement S. 336, the Marketplace Fairness Act.

Bipartisan Lead Paint Letter

May 3, 2013: 

Fifty-one bipartisan members of the U.S. House of Representatives sent a letter to Acting Administrator of the EPA Robert Perciasepe addressing the EPA’s recent proposed rule on lead paint in commercial buildings.

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