This Week in Congress: The Senate is in session Monday through Wednesday. Rosh Hashanah begins at sundown Wednesday.
There will be no votes in the House; Members will be working in their home districts.
What should REALTORS® follow?
On Tuesday, Sept. 19 at 10AM, the Senate Finance Committee will be holding a hearing on "Business Tax Reform". The hearing will be streamed live on the Committee’s website.
The Senate confirmed Pam Patenaude as Deputy Secretary for the Department of Housing and Urban Development (HUD) by a vote of 80-17. NAR is a strong supporter of Ms. Patenaude, and just last week coordinated a letter of more than 60 groups urging her vote. Ms. Patenaude had vast expience in the housing industry, having worked at HUD, the New Hampshire Housing Finance Authority, and the Urban Land Institute-Terwilliger Foundation. NAR looks forward to working with her at HUD on a number of objectives to promote access to affordable housing.
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WASHINGTON (September 14, 2017) – The U.S. Senate today approved the nomination of Pam Patenaude as deputy secretary at the Department of Housing and Urban Development. Following is a statement from NAR President William E. Brown on the vote:
“Pam Patenaude is the right choice for deputy secretary, and Realtors® are pleased to see her nomination win approval from the Senate.
“She has a big task ahead. Home prices continue to rise in an environment of ever-tightening mortgage credit, which means buyers are struggling to keep pace. That... Read More
Iona Harrison (pictured center), chair of NAR’s Federal Taxation Committee, testifies before the Senate Finance Committee on tax reform.
WASHINGTON (September 14, 2017) – Tax reform done right could yield savings and simplification that benefits average Americans, but history shows that misguided reforms can pose significant threats to the economy.
That’s the message the National Association of REALTORS® brought to Congress today as Iona Harrison, chair of NAR’s Federal Taxation Committee,... Read More
Both the Senate and House are in session this week. The House has cancelled all Monday votes, due to anticipated absences from Members of Congress in districts affected by Hurricane Irma.
What should REALTORS® follow?
The Senate Finance Committee's hearing on "Individual Tax Reform."
Iona Harrison, Senior Vice President of Pioneer Realty, will be testifying in the hearing on behalf of REALTORS®.
A copy of her testimony will be published on our website later this week. You can also... Read More
NAR and a coalition of 60 groups sent a letter to the Senate leadership this week, urging a vote on Pam Patenaude to be Deputy Secretary for the Department of Housing and Urban Development (HUD). Ms. Patenaude was reported favorably by the Senate Banking Committee back in June, but her vote has not come to the Senate Floor. Ms. Patenaude previously worked at HUD, and at the New Hampshire Housing Finance Authority. Both these experiences could contribute greatly to the work of HUD today. Signers to the letter, spearheaded by NAR, include the National Association of Home Builders, the... Read More
On Aug. 30, 2017, the Department of Housing and Urban Development (HUD) released Mortgagee Letter 2017-13, Extension of Temporary Approval Provisions for the Federal Housing Administration (FHA) Condominium Project Approval Process, which extends the current temporary guidelines on condominium projects until HUD publishes and implements the Final Rule of Condominium Project Approval. The Final Rule will be incorporated into the Condominium Project Approval Section of HUD Handbook 4000.1.
In response to the extension of the temporary condominium guidelines, NAR sent a... Read More
On Thursday, Sept. 7, the House Judiciary Committee held a markup of H.R. 620, the ADA Education and Reform Act of 2017, sponsored by Rep. Ted Poe (R-TX). The Judiciary Committee, led by Chairman Bob Goodlatte (R-VA) and Ranking Member John Conyers (D-MI) considered the legislation, which adds a "notice-and-cure" provision to the Americans with Disabilities Act (ADA), giving businesses an opportunity to fix alleged violations before a suit can be filed against them. It also creates an education program between the Department of Justice, states/local governments, and businesses to... Read More
Editor's note: This article has been updated since its original publication.
Statement From NAR President William E. Brown:
“Extending the National Flood Insurance Program was a must-do item, and Congress delivered. That’s good news for consumers, as well as an opportunity for proponents of meaningful reform. With a short extension on their side, leaders in the House and Senate should continue work on the 21st Century Flood Reform Act to strengthen the NFIP and ensure the long-term certainty that current and future... Read More
WASHINGTON (September 5, 2017) – The National Flood Insurance Program is now less than one month away from expiration, raising concerns that homeowners, consumers, and commercial property owners could soon find themselves either unprotected or unable to get a mortgage.