Federal Issues & Legislation

It is Not Too Late to Influence Congress on Tax Reform
Federal

Thanks to our members’ engagement, REALTORS have helped positively influence tax reform in some key areas.  For example, both the House and Senate have agreed to maintain deductibility of state and local property taxes up to $10,000, and to maintain Section 1031 tax-deferred exchanges in their present form for real estate investments.

National Flood Insurance Program Extension
Federal

On December 8, 2017, the National Flood Insurance Program (NFIP) was extended as part of a continuing resolution to keep the government open for two weeks. NAR will continue working with Congress to ensure that the NFIP does not lapse while the Senate works on its version of the 5-year reauthorization and reform measure. 

Highlights From the NAR Board of Directors Meeting
Federal
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.
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