MBA Advocacy Update Aug. 15, 2022: House Passes Inflation Reduction Act of 2022

On Tuesday, FHFA announced Fannie Mae and Freddie Mac will require servicers to obtain and maintain fair lending data on their loans. Last Friday, MBA submitted its comment letter to federal regulatory banking agencies on the Community Reinvestment Act. And the House approved the Senate’s amended substitute to H.R. 5376, now known as the Inflation Reduction Act.

MBA Advocacy Update Aug. 15, 2022: House Passes Inflation Reduction Act of 2022

On Tuesday, FHFA announced Fannie Mae and Freddie Mac will require servicers to obtain and maintain fair lending data on their loans. Last Friday, MBA submitted its comment letter to federal regulatory banking agencies on the Community Reinvestment Act. And the House approved the Senate’s amended substitute to H.R. 5376, now known as the Inflation Reduction Act.

MBA Advocacy Update Aug. 1, 2022

Activities of note on Capitol Hill:
Last Wednesday night, Senator Joe Manchin, D-W.V., Senate Majority Leader Chuck Schumer, D-N.Y., and the White House reached agreement on a $740 billion reconciliation package, giving Senate Democrats another chance to enact broad climate and tax code changes before the end of Fiscal Year 2022.

MBA Advocacy Update Aug. 1, 2022

Activities of note on Capitol Hill:
Last Wednesday night, Senator Joe Manchin, D-W.V., Senate Majority Leader Chuck Schumer, D-N.Y., and the White House reached agreement on a $740 billion reconciliation package, giving Senate Democrats another chance to enact broad climate and tax code changes before the end of Fiscal Year 2022.

MBA Advocacy Update July 18 2022

Last Monday, MBA and a broad coalition of business interests sent a joint letter to congressional leaders stressing strong opposition to tax increases targeted at “pass-through” small business entities. Later in the week, Senator Joe Manchin, D-W.V., also weighed in on tax matters, reportedly casting serious doubt on the future of tax provisions as part of any “slimmed-down” Build Back Better reconciliation package.

MBA Advocacy Update July 18 2022

On Monday, MBA and a broad coalition of business interests sent a joint letter to congressional leaders stressing strong opposition to tax increases targeted at “pass-through” small business entities. Later in the week, Senator Joe Manchin (D-WV) also weighed in on tax matters, reportedly casting serious doubt on the future of tax provisions as part of any “slimmed-down” Build Back Better reconciliation package.