MBA Statement on 2020 Spending Bill

Rob Van Raaphorst
(202) 557-2799

WASHINGTON, D.C. (December 19, 2019) -  MBA President and CEO Robert D. Broeksmit, CMB, released the following statement congratulating the House and Senate for passing the Fiscal Year 2020 domestic "minibus" appropriations bill (H.R. 1865), and called on President Trump to quickly sign it into law:

"MBA applauds the House and Senate for passing this bipartisan legislation, which will fund the government through FY 2020. We are pleased that several of MBA's highest priorities are included within the package, including the reauthorization of the Terrorism Risk Insurance Act (TRIA) for seven years, another $20 million tranche for Federal Housing Administration (FHA) technology upgrades, an extension of the National Flood Insurance Program (NFIP) through the end of FY 2020, and specific real-estate tax extenders targeted towards mortgage debt forgiveness and mortgage insurance premium deductibility, among other items.

"We will continue to work with policymakers to ensure these and other programs continue to serve borrowers and ensure healthy real estate markets. We look forward to President Trump signing this bill into law."