Federal Issues & Legislation

National Flood Insurance Call For Action
Federal

Flood insurance isn't a topic only for residential real estate -

Labor Rule Allows for AHPs
Federal

The U.S Department of Labor (DOL) has finalized its long-awaited Association Health Plan (AHP) rule to expand the definition of "employer" to include "working owners." This change allows real estate professionals and other self-employed individuals to participate in association health plans. A key provision, forwarded for inclusion in the rule by NAR, will allow many REALTORS® who have access to coverage through a spouse to be eligible to choose an AHP option.

Net Neutrality Officially Ends in U.S.
Federal

It’s official, as of Monday, June 11th, net neutrality has officially ended in the United States. Even after a vote by the U.S. Senate, the U.S. House failed to take a vote on legislation that would have prevented internet service companies from charging users additional money to see certain content.

House Passes Water Infrastructure Bill
Federal

A water infrastructure bill - H.R. 8, the Water Resources Development Act - easily passed the House on Wednesday, June 6, on a 408-2 vote. This legislation, known as WRDA, ensures the viability of the U.S. Army Corps of Engineers' Civil Works programs, including navigation, water resources management, recreation, infrastructure, flood control, mitigation and environmental stewardship. NAR supported passage of this legislation.

Congress Passes PACE Protections
Federal

On May 22, Congress passed a banking reform package that included additional consumer protections for PACE loans. S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act holds Property Assessed Clean Energy, or PACE, loans more accountable by giving the Bureau of Consumer Financial Protection the authority to regulate PACE lenders and require them to corroborate a homeowners' ability to repay loans that are levied as tax assessments on their homes.

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