Federal Issues & Legislation

NFIP Extended

Congress has passed legislation that has extend the National Flood Insurance Program (NFIP) through December 8, 2017, and the President immediately signed it into law. By extending the expiration date, this prevented a September 30th lapse in coverage.

REALTORS Defend Mortgage Interest Deduction

Congress has again turned its attention to tax reform and the mortgage interest deduction (MID) is in jeopardy. The National Association of REALTORS (NAR) has put together a plan to assure that the MID will continue to be a viable incentive for home ownership.

Flood Insurance Call for Action

As events continue to unfold in Texas, NAR President Bill Brown reiterated that the immediate focus of the Association and its 1.2 million REALTOR® members is to support those affected by this tragic natural disaster. To help those in need, the REALTOR® Relief Foundation is collecting donations at www.nar.realtor/programs/realtors-relief-foundation/donate.

In addition to supporting relief efforts NAR is engaged in legislative advocacy to ensure the National Flood Insurance Program does not expire on September 30, 2017. 

Highlights From the NAR Board of Directors Meeting
After visiting members of Congress and the U.S. Senate, the important business of the NAR takes place. On Saturday, May 20, the NAR Board of Directors met to discuss pressing issues for REALTORS and our industry. The BOD debated matters such as changing the structure of Consumer Financial Protection Bureau (CFPB), opposing rent control measures and implementing legislation to prevent frivolous ADA lawsuits.
Home Ownership Tax Incentives Threatened

Efforts to reform the tax code are moving in Washington, DC. Tax incentives that boost investment across the country are being reviewed in the tax reform discussion. Programs such as the 1031 Like Kind Exchange, Mortgage Interest Deduction and property tax deductions are facing scrutiny.

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