June 23, 2017
Friday’s Government Reports Roundup
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Orrin Hatch, the Committee Chairman of the U.S. Senate Finance Committee, asked the nation for its input regarding tax reforms. It seems as if Hatch would like for tax stakeholders to share innovative thoughts, suggestions and feedback. Both Democrats and Republicans agree that the current tax system, as is, has many drawbacks. Furthermore, it lacks methods to alleviate burdens on taxpayers and grow the economy. If one is interested in providing their thoughts, they may do so at taxreform207@finance.senate.gov.
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The Federal Housing Finance Agency (FHFA) released a report detailing the increase in housing prices over the past year and month. The report explains how prices increased .07% in April which marked a 6.8% increase for the year. Since 2012, the prices of homes are in a steady upward trend.
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The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency recently determined which banks were eligible for the Community Reinvestment Act for designated activities. Banks in “distressed or underserved non-metropolitan areas” were chosen based upon factors including economic conditions, employment status, socio-economic status, and shifts within the population.
