President Obama signed a $109 billion reauthorization for transportation programs in the same legislation that reauthorized federal flood insurance two weeks ago. Learn about the transportation part of the law in this 6-minute video with NAR Government Affairs. The money is key to maintaining and constructing new roads, highways, and other transportation infrastructure in states and localities.
The House and Senate have voted to repeal IRS Form 1099 reporting requirements for landlords and other small business that were enacted last year in health care reform and small business laws. President Obama has said he will sign the repeal into law. Passage is a victory for REALTORS®, who strongly opposed the requirements, which would apply to landlords and others who paid a vendor as little as $600 a year in services. Read post. For more info, contact Linda Goold, 202/383-1083.