Federal Reserve Dials Back Basel III Endgame Regulation

September 18, 2024

On Sept. 10, the Federal Reserve’s Vice Chair for Supervision Michael Barr announced that the central bank would be revising and re-proposing its bank-capital rules proposal commonly referred to as their Basel III Endgame Regulation. In a clear victory for NAIOP and real estate, Barr made clear in his speech that the Federal Reserve (Fed) would be scaling back the regulation.

Bipartisan Property Conversion Incentive Legislation Introduced

July 17, 2024

Just prior to leaving for this week’s congressional recess, Republicans and Democrats in Congress worked together to introduce bipartisan legislation furthering one of NAIOP’s top legislative priorities. The Revitalizing Downtowns and Main Streets Act (H.R. 9002) was introduced last Thursday with 12 original cosponsors – six Republicans and six Democrats, all members of the tax-writing House Ways and Means Committee.

Supreme Court Reins in Federal Agency Power

July 10, 2024

The Supreme Court has certainly garnered its share of attention for several of its rulings this last term, but none is likely to have more of an impact on business, including commercial real estate, than its opinion in Loper Bright Enterprises v. Raimondo, issued on June 28.

National Implications in Legal Challenge to Colorado’s Building Performance Mandates

May 15, 2024

NAIOP Colorado filed a lawsuit in federal district court challenging the legality of building performance mandates found in the Energize Denver citywide program and the statewide mandates found in Regulation 28 issued by Colorado’s Air Quality Commission. The outcome of the litigation could have significant national implications.

President Joe Biden’s Opening Shot in 2025 Tax Fight

April 3, 2024

On March 11, President Joe Biden submitted his FY 2025 Proposed Budget to Congress. Unlike prior year budget proposals, this one is a setup for an unavoidable tax debate in 2025, when many of the tax provisions enacted during the Trump administration in the Tax Cuts and Jobs Act of 2017 will expire.

NAIOP Chapters Are Champions for CRE

February 21, 2024

Last week, hundreds of NAIOP members from the U.S. and Canada attended NAIOP’s Chapter Leadership and Legislative Retreat (CL&LR) in Washington, D.C., with the conference culminating in countless meetings with their elected representatives to advocate on behalf of the commercial real estate industry.

Steadfast Advocacy Remains Critical in a Difficult Congress

December 20, 2023

As 2023 comes to a close and we look ahead to the challenges facing commercial real estate in 2024, it is clear that persistent advocacy on the public policy front will be more important than ever to ensure that the interests of NAIOP members are protected. This is true of course at the state and local level, but it is at the federal level, where government gridlock has been most on display, that maintaining our strong advocacy will be critical.

Congress Fires Its Speaker

October 4, 2023

On Tuesday, Kevin McCarthy became the first speaker in the history of the United States to be removed from his office when eight Republicans, led by Rep. Matt Gaetz, and all 208 Democrats present in the House voted to support the motion to vacate. The final vote was 216- 210.

No Guarantees for Year-end Tax Legislation

September 20, 2023

While fighting in Congress over spending bills is nothing new, the heated politics surrounding this year's federal government funding battle, and the resulting animosity if a government shutdown does materialize, could linger well beyond October and make reaching agreement on a tax bill all the more challenging.

A Full Fall Schedule Looms Over Congress’ Summer Break

August 2, 2023

August has arrived, which for Capitol Hill means that Congress is in recess until sometime in September. However, Congress left town last Friday with little agreement on a path forward for must-pass appropriations bills to keep the federal government operating past the start of the new fiscal year on Oct. 1.

Author:

Aquiles Suarez