A Continuing Resolution (CR) that would fund the government until Feb. 18 passed the House yesterday and the Senate last night, sending the bill to President Biden for his signature to avoid a partial government shutdown at midnight. (CNBC, Dec. 2). Senate leaders this week also continued negotiations to extend the national debt ceiling to avoid default and began discussions about potential changes to the House-passed $1.7 trillion Build Back Better (BBB) Act. [Further Extending Government Funding Act (H.R. 6119) and section-by-section summary]
Debt Ceiling Looms
BBB Act & Tax Issues
Green Energy Provisions
Fiscal policy, the BBB Act and how it may affect tax and climate issues of importance to CRE will be topics for discussion at The Roundtable’s Jan. 25-26 State of the Industry Meeting in Washington, DC.
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The Treasury Department plans to redirect millions in federal emergency rental assistance from states and localities with a large amount of unused funds to other geographic areas with a backlog of aid requests. (Wall Street Journal and Treasury Department new release, Nov. 29)
Roundtable President and CEO Jeffrey DeBoer discussed the need to distribute federal rental assistance to property owners and tenants during a September ConnectCRE webinar, which included National Multifamily Housing Council Chair David Schwartz (Chairman and CEO, Waterton) and NMHC President Doug Bibby. (Connect, Sept. 23)
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The Roundtable’s Homeland Security Task Force Virtual Exercise The Real Estate Roundtable’s Homeland Security Task Force (HSTF) and Real Estate Information Sharing and Analysis Center (RE-ISAC) has rescheduled its Virtual Exercise from Dec. 9, 2021 to Jan. 20, 2022. The exercise will involve discussion groups addressing winter weather preparedness and hostile events (e.g. communication plans and continuity.) For more information, please contact Roundtable Senior Vice President Chip Rodgers. |
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