ECONOMIC GROWTH, REGULATORY RELIEF, AND CONSUMER PROTECTION ACT SIGNED BY PRESIDENT

In a bit of good news for our industry, President Trump has signed the Economic Growth, Regulatory Relief, and Consumer Protection Act into law.

This reform legislation was supported by our industry as it includes language to ensure there is adequate capital availability for commercial construction financing.

The bill requires banking regulators to revise elements of the current High Volatility Commercial Real Estate (HVCRE) designation that unfairly targeted commercial construction lending, including.

For more information on this issue here is an article from March that goes into details about the impact of the provisions of the bill.

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