Media
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Congress Passes $1.5 Trillion Omnibus Funding Package With EB-5 and LIBOR Legislation
Congress this week passed a $1.5 trillion “omnibus” spending package that would fund government programs through September and provide $13.6 billion for emergency Ukraine assistance. The omni also includes Roundtable-supported language to address the transition away from the London Interbank Offered Rate (LIBOR) and reform the EB-5 Regional Center Program. [See separate Roundtable Weekly story below on EB-5]Full story: Congress Passes $1.5 Trillion Omnibus Funding Package With EB-5 and LIBOR Legislation -
NEWS: The Real Estate Roundtable Commends Bipartisan EB-5 Reform Legislation
The Real Estate Roundtable commends Congress for including the EB-5 Reform and Integrity Act of 2022 in the omnibus appropriations bill that funds the federal government through Sept. 30 and passed the Senate last night.Full story: NEWS: The Real Estate Roundtable Commends Bipartisan EB-5 Reform Legislation -
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White House Requests Billions for Ukraine and Pandemic Response as Congress Rushes to Pass Omnibus Funding
Congressional appropriators received an emergency request yesterday from the White House for an additional $10 billion for Ukraine assistance and $22.5 billion for pandemic response funding. The request may complicate lawmakers’ efforts to pass an “omnibus” spending package by March 11, when current government funding expires.Full story: White House Requests Billions for Ukraine and Pandemic Response as Congress Rushes to Pass Omnibus Funding -
Roundtable, Real Estate Coalition Comment on Proposed Anti-Money Laundering Regulations
Ten national real estate industry organizations, including The Roundtable, on Feb. 21 submitted detailed comments to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on proposed anti-money laundering regulations affecting real estate transactions.Full story: Roundtable, Real Estate Coalition Comment on Proposed Anti-Money Laundering Regulations -
Senate Passes Stopgap Funding, Giving Congress Three Weeks to Pass FY2022 Omnibus Spending Bill
The Senate yesterday approved funding to keep the government open through March 11, allowing congressional negotiators an additional three weeks to reach a spending deal for fiscal year 2022.Full story: Senate Passes Stopgap Funding, Giving Congress Three Weeks to Pass FY2022 Omnibus Spending Bill -
NEWS: Continued Stable Markets Anticipated By CRE Executives
As the economy continues to recover from the global pandemic, commercial real estate executives see strong market fundamentals and steady economic growth, according to The Real Estate Roundtable’s Q1 2022 Economic Sentiment Index. While optimistic about the economic outlook going forward, inflation concerns and a rising interest rate environment are frequently cited as potential headwinds for the industry.Full story: NEWS: Continued Stable Markets Anticipated By CRE Executives -
House Passes Cannabis Reform Banking Legislation to Provide Safe Harbor for Financial Service Providers and CRE Owners
A Roundtable-supported bill that would allow federally regulated banks to provide mortgage and financial services to state-licensed, cannabis-related businesses (“CRBs”) – without the threat of penalties under federal law – passed the House on Feb. 4.Full story: House Passes Cannabis Reform Banking Legislation to Provide Safe Harbor for Financial Service Providers and CRE Owners -
House Passes Government Funding Extension Until March 11 as Appropriators Signal Progress on FY2022 Omnibus
The House of Representatives on Tuesday passed a continuing resolution (CR) that would prevent a government shutdown on Feb. 18 by extending current government funding levels for three weeks, through March 11. The CR, which also applies to the National Flood Insurance Program, moves to the Senate for consideration next week.Full story: House Passes Government Funding Extension Until March 11 as Appropriators Signal Progress on FY2022 Omnibus -
Biden Administration Issues Funding Guide for the Bipartisan Infrastructure Law
The White House on Jan. 31 released its guidebook to funding for the Infrastructure Investment and Jobs Act, the $1.2 trillion bipartisan measure signed into law last year.Full story: Biden Administration Issues Funding Guide for the Bipartisan Infrastructure Law