The House passed regulatory reform legislation (H.R. 185) on January 13 that would require Federal Government agencies to choose the least costly rulemaking option possible, ensure the best available science is followed, and increase related public input. These changes would directly and positively impact the multifamily industry, which has long been heavily-regulated.
Specifically, our industry is continuously impacted by burdensome regulatory processes and significant related costs, including from rules related to issues from finance, to property operations, to environmental requirements.
The legislation has been widely endorsed by the business community. However, President Obama has already threatened to veto the bill if it passed by the Senate and sent to his desk.