One of the greatest things about our system of government is the amount of lawmaking done in public. The texts of bills, and speeches on bills of all kinds is public information. When proposed laws come up, we have a chance to see what they are, where they came from, who they will benefit, who they will impact and why, and when the votes are coming.
But because of all the work involved, it’s still a only a slim chance. Being allowed access to this information is merely the first step. For example, NAR Commercial’s efforts on Capitol Hill include this exhaustive work of staying on top of the congressional record, watching carefully for issues that relate to commercial real estate when they arise, tracking their progress through the chambers and replicating all of this for all 50 states in addition to DC.
Some commercial real estate advocacy news from the Hill: Hon. Patrick J. Tiberi (R-OH) and Hon. Richard E. Neal (D-MA), both co-sponsors of H.R. 5746, also known as the Update And Streamline REIT Act (U.S. REIT ACT) received a letter from NAR and major trade associations in support of the Congressmen’s bill.
Not to toot our own horn (well, okay, maybe a little) but before and since the 2008 financial crisis unfolded, commercial REALTORS® have been proud to bring a loud and consistent voice to Washington, advocating for Congressional support on the issues that affect our commercial practitioner membership.
NAR’s Commercial Real Estate Advocacy Timeline 2008-Present is a great read to catch up on what the commercial professional has seen done and promises to see in the future in terms of advocacy.