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.

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.

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.

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