Tag: legislative
NAHB Opposes House Democrats’ Plan for $2 Trillion in New Taxes
NAHB is sounding the alarm to lawmakers as House Democrats within the Ways and Means Committee begin consideration of a massive overhaul of the tax code which would generate over $2 trillion in additional tax revenue over the next 10 years.
Bipartisan Senate Infrastructure Bill Good for Housing
NAHB supports the $1 trillion bipartisan Senate infrastructure bill pending in Congress and applauds lawmakers for omitting onerous regulatory proposals that would hurt housing affordability.
Fed Chairman Expresses Hope Building Material Bottlenecks will be Alleviated
Federal Reserve Chairman Jerome Powell expressed hope that building material bottlenecks that have raised housing costs will begin to ease during a hearing today before the House Financial Services Committee on monetary policy and the state of the economy.
NAHB Urges Congress to Enact Policies to Help Builders Boost Housing Production
NAHB CEO Jerry Howard testified before Congress today and called on lawmakers to enact key policy proposals that will help home builders to expand the housing supply, reduce the housing deficit and improve housing affordability for all Americans. During a hearing before the House Ways and Means Subcommittee on Oversight on the topic of expanding housing access to all Americans, Howard noted that rising home prices, apartment rents and construction costs represent additional risks to housing affordability for prospective home buyers and renters.
NAHB Senior Officers Bring a Housing Agenda to Capitol Hill
NAHB Chairman Chuck Fowke and First Vice Chairman Jerry Konter recently conducted virtual and in-person meetings with congressional leaders to urge them to keep housing in the forefront of the national agenda.
Biden Signs $1.9 Trillion Stimulus Bill Into Law
President Biden signed the $1.9 trillion COVID-19 relief package into law on March 11.
Senate Passes $1.9 Trillion COVID Relief Package
On a party line vote of 50-49, the Senate today passed President Biden’s $1.9 trillion COVID-19 relief package. The legislation differs slightly from the bill passed by the House on Feb. 26. As a result, the House will vote on the amended Senate version before the end of next week.
House Passes Anti-Business Labor Bill Strongly Opposed by NAHB
The House on March 9 approved legislation strongly opposed by NAHB that contains dozens of sweeping labor law revisions that would negatively affect the construction labor market at a time of critical skilled worker shortages.
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.
