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June 9, 2017
GSE Reform Discussion Continues to Build Momentum
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GSE reform was back in the news recently with the introduction of a new white paper from the leading think tank, The Milken Institute, and a newly released GSE recapitalization plan backed by some of Wall Street’s most influential firms.

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Patenaude Appears Before the Senate

Pamela Patenaude, President Trump’s pick to be the Deputy Secretary of the Department of Housing and Urban Development (HUD), appeared before the Senate Committee on Banking, Housing, and Urban Affairs for her nomination hearing on Tuesday morning alongside Kevin Hassett, the nominee for Chairman of the Council of Economic Advisers. A full video of the hearing can be found here.

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NMHC Insider
This Week in Washington
President Trump designated this week “Infrastructure Week” in an attempt to refocus the public’s attention on their goals to invest in projects to revitalize the country’s infrastructure. President Trump spoke in Cincinnati and called for both parties to come together around the goal of a $1 trillion package. Find out more about the administration’s proposal here. However, given the tensions between the parties it is unlikely that many Democrats will be eager to support the effort.  
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DOL Rescinds Joint Employer, Independent Contractor Guidance
On June 7, the Department on Labor (DOL) withdrew burdensome guidance released by the Obama Administration in January 2016 that significantly broadened the definition of a joint employer. Today’s action from the Labor Department represents an important first step in overturning the National Labor Relations Board’s (NLRB) August 2015 joint employer standard that could potentially make apartment firms liable for the actions of their subcontractors, suppliers, vendors and temporary staff. NMHC/NAA have long supported rescinding this onerous standard.
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NMHC/NAA Join Real Estate Industry in Comments to Tax-Writing Committees
As the tax reform debate has heated up in recent weeks, Congress’ primary tax-writing committees, the House Committee on Ways and Means and Senate Finance Committee, have held a number of hearings on comprehensive tax reform. As part of these hearings lawmakers have reached out to businesses large and small, as well as a wide variety of sectors to understand what tax reform means to them and consider the best ways to reform the code.
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NMHC Again Urges FCC to Block San Francisco Mandatory Access Law
This week, NMHC weighed in again with the Federal Communications Commission (FCC) to support a federal Petition challenging a San Francisco ordinance that could impact an apartment company’s ability to manage broadband, video and communications services at their communities. Responding to previously submitted comments on the Petition, NMHC urged the FCC to preempt the San Francisco law because it conflicts with federal policy and disincentivizes broadband investment in multifamily communities. NMHC also urged the FCC to act during the initial comment period last month. 
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House Committee Tees Up Flood Reform in Hearing
This week, the House Financial Services Committee held a hearing entitled “Flood Insurance Reform: A Taxpayer’s Perspective.” In the third House hearing on the topic in recent months, the Committee engaged stakeholders who talked of the need to reauthorize the National Flood Insurance Program (NFIP) and better protect taxpayers in the wake of a disaster. Members on both sides of the aisle highlighted many NMHC/NAA priorities ranging from increased accuracy in flood risk mapping and more of an investment in pre-disaster mitigation to ways to bolster the private flood insurance market. NMHC/NAA once again sent a letter to the full Committee highlighting the importance of the NFIP and urged support for several critical reforms of the program during this reauthorization effort. 
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NMHC Launches New Cybersecurity Alert System

NMHC is launching a new cybersecurity notification system to inform members of real-time cyber threats. For additional information, a Cyber Security white paper can be found here

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Webinar: Recent HUD Actions Regarding Disparate Impact
On June 1 2017, participants tuned-in for the NMHC and NAA expert presentation of the NMHC/NAA recent white paper entitled, Recent HUD Actions Regarding Disparate Impact.
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Upcoming Meetings
NMHC PAC Plays Important Role

There are only fourteen working days until the July 4 recess, and less than thirty until the five-week August recess. With a short timeframe, the President’s legislative agenda continues struggle in Congress as GOP lawmakers look to re-start plans for major changes to health care, tackle infrastructure and reform the tax code.

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Hill Watch
Senate Banking, Housing, and Urban Affairs Committee: Executive Session to Vote on Nominations
Senate Small Business and Entrepreneurship Committee: Hearing to examine tax reform, focusing on removing barriers to small business growth
House Committee on Appropriations: Budget Hearing for the Department of Education
Senate Appropriations Committee: Subcommittee on Transportation, Housing and Urban Development, and Related Agencies Committee: Budget Hearing with Secretary of Transportation Elaine Chao
Media Roundup
Hurry Up and Wait: Understanding Tax Reform
White House Looking for Health-Care Vote This Summer, Tax Reform in Fall
BPC: Here's a Bipartisan Path Forward to Accomplish GSE Reform
Trump Urges Dems to Work with Him on Infrastructure
The Hill
Oregon City Approves Permit for US' 1st All-Wood High-Rise
AP News
Paulson, Blackstone Said to Back Plan to Free Fannie-Freddie
Shareholders: GSE Reform Can Happen Quickly
The Scoop

Is the GOP’s Ambitious To-Do List Running out of Time?

Members of Congress are back in Washington, ready to return to their legislative to-do lists. Republican and Democratic leaders in the Senate are diving right back into the debate over health care -- maybe the biggest item on the GOP agenda right now. But infrastructure, tax and spending bills and the debt ceiling are priorities, too.

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