H.R. 3700, sponsored by Reps. Luetkemeyer (R-MO) and Cleaver (R-MO) and through companion legislation, Senators Menendez (D-NJ) and Scott (R-SC), passed the Senate under unanimous consent last week, and is on the way to the President for his signature. This legislation previously passed the House by a vote of 427-0.
Also known as the Housing Opportunity Through Modernization Act of 2016, HR 3700 does the following:
REALTORS® worked hard on this legislation, bringing it to Capitol Hill as part of the REALTOR® Legislative Meetings and Trade Expo, and with a Call for Action. Nearly 140,000 REALTORS® participated in the Call for Action with a response rate over 15%. This clearly made a difference on Capitol Hill. The President is expected to sign the legislation shortly.BACK TO LATEST NEWS