Tag: legislative
NAHB Opposes House Bill to Eliminate Carried Interest
Rep. Bill Pascrell (D-N.J.), along with Reps. Andy Levin (D-Mich.) and Katie Porter (D-Calf.), this week introduced H.R. 1068, the Carried Interest Fairness Act of 2021. The bill would impose a major tax increase on real estate by generally requiring carried interest to be classified as ordinary income rather than a capital gain.
Biden Stimulus Plan on a Legislative Fast Track
Twelve House committees have begun consideration of President Biden’s $1.9 trillion COVID relief plan using a procedural process known as reconciliation. Reconciliation allows the legislation to avoid the Senate filibuster, meaning a simple majority vote is needed for Senate passage, but also imposes some limitations on what can be included in the bill.
House Passes Apprenticeship Legislation
The House today approved the National Apprenticeship Act of 2021 (H.R. 447), legislation that would expand youth and adult access to instruction in the skilled trades.
Key Housing Provisions in $900 Billion Relief Bill Passed by Congress
A $900 billion economic relief package approved by the House and Senate tonight includes key provisions that NAHB championed. The bill provides small businesses relief from burdensome loan forgiveness requirements, helps struggling renters and owners with dedicated rental assistance, strengthens the Low-Income Housing Tax Credit and assists HBAs that have largely been excluded from previous relief measures.
A Win on Beneficial Ownership Reporting Requirements
In a win for NAHB, House and Senate negotiators have agreed on “beneficial ownership” legislation that addresses key builder concerns after NAHB negotiated directly with key congressional leaders.
NAHB Seeks Quick Resumption of Coronavirus Stimulus Talks
President Trump announced today that he is calling off coronavirus stimulus negotiations with Democrats until after the November election. NAHB is urging the White House and Democrats to put politics aside and move quickly to resume talks that will result in a relief package that will help American home owners, renters and small businesses.
Paycheck Protection Program Loan Deadline is Aug. 8
As the Aug. 8 deadline approaches to apply for a small business loan through the Paycheck Protection Program (PPP), NAHB continues to urge Congress to extend the deadline and ensure broader builder eligibility under the PPP so that land developers, multifamily property owners and state and local home builder associations have access to this loan program.
Several States Pass Laws Regarding COVID-19 Liability Immunity
Ten states have passed legislation, or have had their governor sign executive orders, granting businesses immunity from civil liability for COVID-19 related lawsuits.
Senate Relief Package Would Allow Many HBAs to Access PPP Loans
Senate Republicans and the White House released a new $1 trillion coronavirus relief package Monday that includes key provisions for which NAHB has advocated. NAHB continues to urge lawmakers to include its housing priorities in the final package.
Senate Approves House-Passed PPP Bill
By unanimous consent, the Senate on June 3 approved legislation passed by the House last week that will liberalize rules under the Paycheck Protection Program (PPP) to give business owners more time to have the loans forgiven by the U.S. government. President Trump is expected to sign the legislation into law shortly.
