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Washington Report

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.

June 26, 2015
Real estate professionals have reported an upswing in a particular wire scam: a hacker will break into a real estate professional’s e-mail account to obtain information about upcoming transactions.
June 19, 2015
The Consumer Financial Protection Bureau (CFPB) announced that it would propose to delay the RESPA/TILA Integration or TRID until October 1 due to issues with the Administrative Procedures Act and also to push implemementation further into the fall after school starts.
June 19, 2015
This week, both House and Senate Appropriations Committees passed a provision that would prohibit the EPA from using any funds in FY 2016 to implement the now-finalized Waters of the U.S. (WOTUS) rule. At this time, there is no word yet on when either measure may reach the floor for a vote.  Other spending bans in the bills included the EPA's Clean Power Plan, which restricts carbon emissions from power plants, and placing the greater sage grouse on the endangered species list.
June 19, 2015
Rep. Jason Chaffetz (R-UT) introduced H.R. 2775, the Remote Transactions Parity Act of 2015 (“RTPA”).  This bill, cosponsored by Rep. Steve Womack (R-AR), would provide a level playing field between traditional “brick-and-mortar” retailers and remote sellers with respect to the collection of state sales taxes.  It does this by giving states the authority to certify software which remote sellers can integrate into their online stores, which handles determining what sales tax to charge for buyers and collecting/remitting it.  States are required to provide this software to remote sellers at no cost.  Finally, the RTPA gradually phases in which sellers must collect and remit sales taxes based on their gross annual receipts.  This phase-in should help alleviate administrative confusion and give smaller sellers time to prepare for the change.
June 19, 2015
The Federal Communications Commission adopted a rule giving telephone companies wider latitude in preventing robocalls and spam text messages to consumers on both landline and wireless phones.

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