Home » Posts tagged with "Federal Issues"

Major Transportation Funding Bill Becomes Law

President Barack Obama signed into law H. R. 22, the “Fixing America’s Surface Transportation Act (FAST Act),” on Dec. 4, 2015.  Thank you to the HAR members who responded to NAR’s Call for Action and sent a message to your Member of Congress.  This five-year $305 billion highway bill is the first long-term national spending package in a decade. Congress has had a hard time passing traditional... 

UPDATE: NAR Calls for Action Need Our Attention

Mortgage Debt Forgiveness Tax Relief Last week, by a vote of 378 to 46, the U.S. House of Representatives extended the income-tax exemption on mortgage debt forgiven in a short sale or a workout for principal residences.The Senate has not yet voted on the measure.  Please encourage your colleagues to contact their senators if they have not yet done so. NAR will continue to ask members to send messages... 

REALTORS® Communicate Congressional Actions Needed to Sustain Housing Recovery

Members of the Houston Association of REALTORS® (HAR) joined forces with thousands of REALTORS® from across the United States who visited one-on-one with Members of Congress and their staff about issues critical to their businesses, communities and the consumers they represent during the REALTOR® Party Convention & Trade Expo held in Washington, D. C. the week of May 12-17, 2014. To help prepare... 

NAR Flood Insurance Advisory Group Holds First Meeting

Flood Insurance PAG Holds First Meeting – Will study impact of new flood insurance rules. Earlier this past summer, NAR President Gary Thomas appointed a Presidential Advisory Group (PAG) to investigate the impacts that federal legisation passed last year to reform the National Flood Insurance Program (NFIP) will have on the real estate industry and property owners. The PAG held its first face-to-face... 

CALL FOR ACTION! – Tell Senators to do no harm to the housing recovery

The Issue U.S. Senators are considering sweeping tax reforms … and they’re starting with a blank slate. That means any current  exemption, deduction, or credit in the tax code must be specifically presented to the Senate Finance Committee by July 26, or it will disappear. Next Steps Each Senator has been asked to submit, in writing, any tax expenditures they wish to see kept in the code.  Senators... 

Houston Fly-In With Key Washington Staffer

Each spring, REALTORS® and association staff across the nation prepare for our annual congressional visits in Washington, D. C. These visits, held during the National Association of REALTORS® (NAR) Mid-Year Meeting, give us an opportunity to have face-to-face time with our U. S. Representatives and Senators and communicate with our federal lawmakers about how certain issues affect consumers back... 

The Budget “Sequester” – What is it and what is the impact on FHA?

What is “the sequester“? The sequester is a group of cuts to federal spending that took effect on March 1, 2013. The sequester was originally passed as part of the Budget Control Act of 2011, better known as the debt ceiling compromise. It was intended to serve as incentive for the Joint Select Committee on Deficit Reduction (aka the “Supercommittee”) to come to a deal to cut $1.5 trillion... 

REALTOR® Call for Action: Do No Harm to Housing

The REALTOR® Party needs your urgent help to protect the stability of the American housing market and the general economy. By now you have seen countless news reports concerning the “fiscal cliff.” Many of these reports speculate that a change to the long-standing policy that allows homeowners to deduct mortgage interest payments from their income taxes could be part of a “fiscal cliff” deal. REALTORS®... 

NAR Call for Action – Tell Congress to Preserve Access to Safe and Affordable Mortgages

NAR is seeking Congressional support for H.R. 273 and S. 3541.  H.R. 273 and S. 3541 provide a long-term solution to maintain access, for growing communities, to the United States Department of Agriculture, Rural Housing Service Section 502 Program. Only Congress can prevent more than 900 growing communities in 48 states from losing eligibility for the Section 502 Program. Currently, the Section 502... 

Healthcare Legislation Upheld – 3.8% Investment Income Tax Effective in 2013

Now that the U.S. Supreme Court has upheld the health care legislation, all of its major provisions remain in effect, including the new 3.8% tax that was designed to affect upper income taxpayers. Not long after the tax was enacted in 2010, erroneous and misleading documents went viral on the Internet and created a great deal of misunderstanding and made the tax into something far more draconian... 
Copyright © 2016 · HAR Connect · All Rights Reserved · Posts · Comments
Brought to you by the Houston Association of REALTORS®