On May 24, the President signed into law S. 2155, the "Economic Growth, Regulatory Relief, and Consumer Protection Act," which the House passed the previous day (the Senate passed it in March). Among other provisions, it includes language clarifying implementation of the Basel III "High Volatility Commercial Real Estate" (HVCRE) risk-weight rules, and its exemptions. This provision comes from the "Clarifying Commercial Real Estate Loans Act," introduced in the House by Reps. Pittenger (R-NC) and David (D-GA) as H.R. 2148 and in the Senate by Sens. Cotton (R-AR) and Jones (D-AL) as S. 2405. NAR sent a letter of support to the full House of Representatives ahead of the vote, which was 258-159.