Market Share

The Official Blog for Commercial Real Estate

Tag: legislative

Voting

State Elections Are Important to Commercial Development

The political battle over the presidency and the control of both chambers on Capitol Hill is expected to garner most of the attention of the national media this year. While the outcome of these campaigns will have significant implications on policy debates at the national level, they should not overshadow or minimize the important political races for control of state legislatures and gubernatorial offices across the country. The outcome of these more-grassroots races in comparison to control of state capitols may be more reflective of the policies of importance to the American people.

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Capitol building

Steadfast Advocacy Remains Critical in a Difficult Congress

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.

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Capitol building

Congress Avoids Government Shutdown but Must-Pass Legislation Remains

For the first December in recent years, Congress is no longer facing a government shutdown deadline. Prior to the Thanksgiving recess, Congress approved a two-tiered appropriations package. This “laddered” approach primarily funds domestic programs (such as housing, agriculture, transportation and infrastructure) until Jan. 19, 2024, and the remaining programs, including defense and homeland security, until Feb. 2, 2024. Year-end 2023 is not without its share of must-pass legislation, however.

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Texas State Capitol

NAIOP Hosts Texas State Summit

NAIOP hosted a Texas summit meeting in Dallas last week for members of our Austin, Houston, and North Texas chapters to discuss the major issues facing the industry in the state. The summit provided members with the opportunity to engage in discussions on major trends and topics of importance to NAIOP and the commercial real estate industry.

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Capitol building in the fall

New House Speaker Johnson Faces Many Challenges

Following three weeks of negotiations and squabbling, House Republicans elected Louisiana Representative Mike Johnson to serve as the 56th Speaker of the House. This was a difficult time for House Republicans, who struggled to find a new speaker after eight of their members joined all House Democrats to abruptly oust McCarthy on Oct. 3.

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Capitol Hill hallway

Congress Fires Its Speaker

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.

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Congress

No Guarantees for Year-end Tax Legislation

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.

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Blue sky at the U.S. Capitol building

Swirling Political Forces Could Derail Passage of Federal Continuing Resolution

There are only 11 days when both the House and the Senate are scheduled to be in session before the current federal funding authorization expires. In most years, the House and Senate leadership would simply agree to a continuing resolution (CR) that maintains existing federal policy and holds funding at current levels for a certain period to prevent a government shutdown before Oct. 1. This year, however, is not following Congress’ standard operating procedure, and is reminiscent of the years when congressional leaders were powerless to rein in the political forces that led to government shutdowns.

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Warehouse in Kenosha, WIsconsin

Wisconsin City Proposes Transportation Utility User Charge

Earlier this year NAIOP Wisconsin was made aware that the City of Wauwatosa was looking to fast-track the adoption of a transportation utility user charge or fee (TUF) in order to generate additional revenue for local transportation and infrastructure needs. The transportation utility fee would apply to both residential and commercial properties based on the vehicle traffic generated by the property’s use, and not necessarily their valuations.

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Capitol Hill

A Full Fall Schedule Looms Over Congress’ Summer Break

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.

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