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Stock impact report

Defense Department weakens U.S. military housing bill after consulting industry [Reuters]

BALFOUR BEATTY S/ADR (BAFYY) 
NASDAQ:AMEX Investor Relations: balfourbeatty.com/investors
Company Research Source: Reuters
Defense Department weakens U.S. military housing bill after consulting industry NEW YORK (Reuters) - A sweeping U.S. military housing reform plan, pitched as a way to protect service families from shoddy homes and unresponsive landlords, has been watered down to remove several protections tenants and Congress had sought. Congress ordered the Department of Defense to create a tenant-rights bill for military families last year. Among the key provisions required: the ability for military families to withhold rent to protest unsafe conditions, obtain full maintenance histories of their homes upon moving in, and challenge landlords through a dispute resolution process. Though the rent and dispute resolution provisions were cited in the original draft released last March, they were not included last week when U.S. Defense Secretary Mark Esper unveiled the tenant bill of rights. Fifteen other measures are going ahead as planned. The Defense Department removed the three measures after Pentago Show less Read more
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