Magazine article Journal of Property Management

Hundreds of IREM Members Influence Critical Policy Issues on Capitol Hill: On Wednesday, April 15, More Than 200 IREM Members Took to Washington for the IREM Capitol Hill Visit Day

Magazine article Journal of Property Management

Hundreds of IREM Members Influence Critical Policy Issues on Capitol Hill: On Wednesday, April 15, More Than 200 IREM Members Took to Washington for the IREM Capitol Hill Visit Day

Article excerpt

This marks the 18th year IREM has traveled to our nation's capital to lobby on issues important to the real estate management industry. The IREM Capitol Hill Visit Day is held in conjunction with the IREM Leadership and Legislative Summit, April 11-15.

An orientation and federal issues briefing kicked off the event on April 14. The following day, April 15, hundreds of IREM Members traveled to Capitol Hill to hold face-to-face meetings with U.S. Senators, U.S. Representatives and their staff. During this exciting and educational event, members discussed critical policy issues and legislation important to the real estate management industry.

ISSUES LOBBIED ON CAPITOL HILL INCLUDED:

DATA SECURITY AND PRIVACY

Real estate management firms constantly collect and retain sensitive data from clients, prospective clients and employees. Recently, lawmakers have been considering creating new, more stringent rules around data breach standards.

Public concern about the confidentiality of personal medical, financial and consumer data has put pressure on policy makers to increase regulation on the uses of this information. With the recent data breaches of Target, Home Depot and other large companies, a number of privacy and data security bills are expected to be introduced in Congress.

IREM has two main concerns with expected legislation: First, regarding bills that contain specific provisions and mechanisms that trigger notifying the consumer of a security breach, IREM is concerned with ensuring the reasonableness of the trigger mechanism and notification process. Second, the costs of compliance can be overly burdensome.

IREM ENCOURAGED CONGRESS TO APPROVE LEGISLATION WHICH IS NOT OVERLY ONEROUS ON PROPERTY OWNERS AND MANAGERS OR THEIR CLIENTS.

[ILLUSTRATION OMITTED]

SECTION 8 REFORM

IREM Members own and manage housing projects that participate in federally-assisted housing programs, such as the Section 8 project-based program and the Housing Choice Voucher program. The federal government has reduced funding for these programs dramatically in the last several years. The majority of federal housing programs are appropriated, which results in funding changes each year despite the contracts of many programs being long-term. These funding issues put many of these programs in jeopardy and discourage private sector participation.

IREM supports a national housing objective of affording every American the opportunity to live in safe, decent and sanitary housing, which can best be served by means of a healthy housing market for all economic levels.

For low- and moderate-income rental occupants, IREM believes they are best managed by the private sector and further recognize that private enterprise sponsorship is crucial to the successful operation of any federally assisted multifamily housing program. IREM Members urged Congress to support these programs by providing adequate funding for all existing government contracts, preservation of all existing affordable housing stock, and ensuring our most vulnerable citizens have access to safe, affordable, decent housing.

MARKETPLACE FAIRNESS ACT

Many consumers who purchase goods online believe they are exempt from sales tax if the seller does not add it in with the purchase. However, under current law, online buyers are generally subject to an equivalent use tax to their home state even when the seller does not collect sales tax on a purchase. Consumers who live in states with a sales tax are legally obligated to report and pay sales or use tax on all purchases made online, although the majority of them are unaware of this obligation, and very few comply. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.