Congress extended the National Flood Insurance Program by a fortnight Thursday as part of a broad but temporary federal-government funding deal.
The flood insurance provisions will keep the program operating as normal through Dec. 22, buying lawmakers time to work on a longer-term reauthorization for the important but beleaguered federal program.
REALTORS® are once again being asked to continue to be advocates for homeowners in the latest Call for Action from the National Association of REALTORS®. The REALTOR® voice helped positively influence tax reform in some key areas. REALTORS® still have an opportunity to influence Congress to help make the tax reform bill more favorable to homeowners and consumers.
The House on Tuesday , November 14 backed legislation that will increase flood insurance premiums for many property owners to help firm up a program under stress from ever-more frequent and powerful storms. The bill's passage was secured when sponsors made a variety of changes to accommodate lawmakers determined to protect constituents from even steeper rate hikes or from being booted out of the program altogether.
The National Association of REALTORS® and Louisiana REALTORS® has engaged and encouraged REALTORS® and consumers to TAKE ACTION against the proposed tax reform that was unveiled in the House last week. Read on to find out why...
The National Flood Insurance Program (NFIP) is set to expire on September 30th without Congressional action. NAR estimates that past lapses of the NFIP have delayed or cancelled 1,400 transactions a day. The program presently is in debt to the United States treasury by approximately $25 Billion. This certainly creates a concern for the sustainability of the program. During the past month, there has been a lot of activity on Capitol Hill. Here's what information you need to know
The Legislative Session ended last month with no tax increases and without passing a budget. Read a summary of activities or view REALTOR® and homeowner wins. As state issues settle, REALTORS® need to turn their attention to the national stage as the National Flood Insurance Program (NFIP) is set to expire on September 30. It is imperative that we stand ready to respond to Calls for Action and what is happening in Congress
Louisiana REALTORS® sponsored Senate Bill 108 by Senator Bodi White passed the Senate and House of Representatives and has been signed by the Governor. This legislation is an amendment to an existing statute and adds criminal penalties for a violation. The amendment becomes effective August 1, 2017.