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 June 7, 2012, the Federal Reserve Board of Governors unanimously approved the release of three Notices of Proposed Rulemaking (NPRs) for Basel III and the final rule for Basel 2.5.
As a result of unprecedented commitments by private landowners to voluntary conservation agreements now in place in New Mexico and Texas that provide for the long-term conservation of the dunes sagebrush lizard, the U.S. Fish and Wildlife Service has determined that the species does not need to be listed under the Endangered Species Act.
On June 11, 2012, a coalition of real estate organizations, including NAR, wrote to Reps. Tiberi (R-OH) and Neal (D-MA) thanking them for introducing H.R. 5746, the Update and Streamline REIT Act (U.S. REIT Act).
Sixty-nine Members of the House of Representatives wrote to the FHA last week, asking them to loosen restrictions on the sale of condominiums.
On May 30, 2012, the House of Representatives passed a 60-day extension of the National Flood Insurance Program (NFIP).
NAR sent a letter to Rep. Karen Bass (D-CA) supporting the "Homeownership Preservation Education Act of 2012".