Our friends at ICSC bring us an article regarding the direction the new Congress is heading on regulatory issues and what it may mean for commercial real estate:
“The Trump administration and the Republican Congress are expected to roll back certain regulations — including some financial and environmental rules long considered to have an impact on the retail real estate industry….While some rules can be changed by congressional review or with a stroke of the presidential pen, other regulations — including parts of the Dodd-Frank Act — will likely require the drafting and passage of congressional amendments, a more time-consuming process, Platt notes. Already, would-be reformers are tossing around a variety of proposals aimed at curbing the Consumer Financial Protection Bureau (CFPB), which regulates banks, lenders and other financial companies.”
Click here to read the full article.
