The Senate reauthorized the Energy Efficient Commercial Buildings Deduction through 2020. This keeps this important deduction available for commercial property owners through 2020, and allows them to claim it for 2018 and 2019 as well.
Congress Reauthorizes TRIA for 7 Years
The Senate passed a 7-year reauthorization of the Terrorism Risk Insurance Program (TRIP, or TRIA) as part of H.R. 1865, a year-end federal spending bill. The program was set to expire at the end of 2020, and is now reauthorized through 2027.
NAR Weighs in on Supreme Court Review of CFPB
NAR jointly filed a neutral amicus brief with the Mortgage Bankers Association (MBA) and the National Association of Homebuilders (NAHB) in the Supreme Court case examining the structure of the Consumer Financial Protection Bureau (CFPB).
NAR Meets with Interior Secretary
The Secretary mentioned a couple of specific occasional efforts the Department is taking to reduce regulatory burdens on housing and the real estate sector.
NAR Supports Group of Credit Scoring and Student Loan Bills
NAR sent a letter of support to the House Financial Services Committee (HFSC) Chairs for a group of bills, to be marked by the committee, impacting federal policy in credit policy and student loan debt.
2020 FHA Loan Limits Published
FHA published its 2020 loan limits on December 3, 2019. The high cost limit is now at $765,600, while the lowest FHA limit rose to $331,760.
Loan Limits Increase in 2020
The Federal Housing Finance Agency (FHFA) published the 2020 conforming loan limits for Freddie Mac and Fannie Mae.
Oral Arguments Held in AHP Case
The U.S. Court of Appeals for the District of Columbia Circuit recently heard oral arguments in the case brought by a dozen attorneys general (AGs) challenging the Department of Labor (DOL) association health plan (AHP) rule issued in 2018.
White House Council on Environmental Quality To Streamline NEPA Reviews
The White House Council on Environmental Quality (CEQ) is proposing regulations that would streamline how agencies conduct National Environmental Policy Act (NEPA) reviews of major federal actions.
Terrorism Insurance Reauthorization Moves Forward
The House of Representatives passed H.R. 4634, the “Terrorism Risk Insurance Program Reauthorization Act of 2019,†by a vote of 385-22.This bipartisan bill would reauthorize the Terrorism Risk Insurance Program (TRIP) for seven years.