Read on to learn what’s happening in Salem and on Capitol Hill that could impact your business and your clients’ property rights, as well as what OAR and NAR are doing to represent you before elected officials at the state and federal levels.

 

State Issues and Updates

Key Decisions Approaching on MID and Landlord/Tenant Bill

Some impactful bills in the Oregon legislature are approaching key milestones that will determine their fate. Work sessions for both HB 2004 and HB 3298 are on the calendar, which means the bills are scheduled for committee votes. Watch your email for calls for action from OAR or visit our Take Action page to contact your legislator and voice your concerns. HB 3298 would drastically change Oregon's Mortgage Interest Deduction (MID) - eliminating the deduction entirely for many Oregonians and converting it to a credit for others. Among other measures, HB 2004-A removes the current preemption on rent control, and may require payment of one month's rent if the landlord owns other rental units.

 

Federal Issues and Updates

Hearing Held on PHH v. CFPB

On May 24, 2017, the U.S. Court of Appeals for the D.C. Circuit heard oral arguments in the case of PHH Corp. v. CFPB. The court examined whether the Consumer Financial Protection Bureau’s (CFPB) single director structure is unconstitutional and whether the CFPB exceeded their authority when interpreting the Real Estate Settlement Procedures Act (RESPA). The bulk of the oral arguments focused on the constitutionality argument, rather than the RESPA concerns - learn more

COAR Goes to Washington 

May 15-19, members of COAR's leadership and staff attended the 2017 NAR Legislative Meetings & Trade Expo in Washington, DC. This annual event brings REALTORS® from across the country together to learn about legislative and regulatory issues and policies impacting the real estate industry. The event included special issues forums, sessions, committee meetings, legislative activities and the industry trade show. On Wednesday, members of the Central Oregon delegation joined their colleagues from across the state in meetings with Congressman Greg Walden and Senators Ron Wyden and Jeff Merkley. In these meetings, REALTORS® discussed NAR's federal legislative priorities and concerns, including tax reform, sustainable homeownership and the National Flood Insurance Program (NFIP). 

Talking Points from Meetings on Capitol Hill  

During the 2017 NAR Legislative Meetings & Trade Expo in Washington, DC, REALTORS® from across the country met with their elected officials to discuss some key real estate issues and advocate on your behalf. Click the link to see what they were talking about - learn more