Federal Issues & Legislation

HVCRE Fix in Regulatory Relief Bill
Federal

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.

2018 Capitol Hill Day Advocacy Materials
Federal

The 2018 REALTORS® Legislative Meetings & Trade Expo represents an important opportunity for REALTORS® to meet with their U.S. Senators and Representatives and communicate the issues critical to their businesses, communities and the consumers they represent. Here is all of the information you will need to make this an impactful visit.

Register Now for the 2018 REALTORS® Legislative Meetings & Trade Expo
Federal

There is still time to register for the REALTORS® Legislative Meetings & Trade Expo in Washington, DC, May 14th - 19th. This is where NAR members take an active role to advance the real estate industry, public policy and the association. REALTORS® come to Washington, DC, for special issues forums, committee meetings, legislative activities and the industry trade show.

Agencies Increase Commercial Appraisal Threshold
Federal

On April 2, 2018, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System (collectively the Federal Banking Agencies) issued a final rule increasing the appraisal threshold for commercial real estate Federally Related Transactions from $250,000 to $500,000, $100,000 more than the increase in the 2017 proposed rule.

Infrastructure Webcast Available for Viewing
Federal

The Trump Administration has released its long-awaited infrastructure plan, which proposes at least $1.5 trillion in new investment across infrastructure asset classes; incentivizing greater state and local funding; shortening the project permitting process to two years; investing in rural projects; and improving worker training. President Trump proposes that the government would spend $200 billion in infrastructure investment to spur states, localities and the private sector to raise the $1.3 trillion balance.

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