Tensions were running high this week in Congress as GOP leaders struggled to find a way to grapple with President Obama’s executive order on immigration amnesty. With just a few weeks left before the end of the year, the current lame-duck session presents the first test for the incoming Republican majority since Election Day.
However, it is still business as usual on Capitol Hill as the President’s action on immigration, and the Republicans’ internal squabbling on how to show their displeasure, signals that Washington’s games will continue up until the 114th Congress. But the question is, can Washington break its usual gridlock and get things done before the clock literally runs out?
NMHC/NAA are continuing to advocate for the key multifamily industry issues on the table before that proverbial clock strikes midnight, including:
- Passing a budget bill that will fund the Federal Government, including HUD, through FY 2015.
- Breaking through a months-long stalemate in order to clear a one-year extension through next year of expired tax provisions;
- Ensuring critical funding for the Basic Allowance for Housing - a core military benefit that compensates service members for their housing costs, which would impact apartment communities that serve the military; and
- Renewing the federal backstop for terrorism insurance, the Terrorism Risk Insurance Act, which expires on December 31 and provides the multifamily industry with ready access to affordable insurance.