House Republicans have introduced legislation proposing tax cuts which could total $1.5 trillion, including several provisions affecting the housing market, lenders, bankers and credit unions.
H.R. 1, also known as the “Tax Cuts and Jobs Act,” immediately was referred to the House Ways and Means Committee, upon its introduction, where it is expected to undergo amendments as the committee began markup work Monday before the bill moves forward.
Find out what financial trade organizations representing various institutions had to say about the bill.