July 24, 2024

In This Issue:

  • Texas Legislature: TLTA Testifies on Interim Charge Related to Foreign Ownership of Property
  • Texas AG Paxton Signs Letter from 14 State Attorneys General Calling on FHFA to Halt Title Waiver Program
  • Pennsylvania Federal Court Refuses to Enjoin FTC’s Noncompete Rule, Creates Split in Federal Courts

Texas Legislature: TLTA Testifies on Interim Charge Related to Foreign Ownership of Property

TLTA | July 25, 2024
The Texas House Select Committee on Securing Texas from Hostile Foreign Organizations held a hearing July 24 to discuss foreign ownership of property. TLTA Vice President of Government Affairs & Counsel Aaron Day was among the witnesses invited to testify at today's hearing. You can watch Aaron's testimony beginning at timestamp 3:36:20 here.
 
TLTA's advocacy team continues monitoring discussions related to property ownership throughout the Texas Legislature's interim charge process (learn more about that process). And we continue to share title industry-specific and broader real estate market insights with the legislative leadership, lawmakers and legislative staff regarding this politically-charged subject.  
 

Texas AG Paxton Signs Letter from 14 State Attorneys General Calling on FHFA to Halt Title Waiver Program

TLTA | July 25, 2024
Texas Attorney General Ken Paxton joined fourteen state attorneys general calling on FHFA to halt their title waiver pilot program. 
 
TLTA's grateful for AG Paxton's leadership on this troubling and problematic program. 
 
Read the Letter »
Learn More About the Pilot Program »
 

Pennsylvania Federal Court Refuses to Enjoin FTC’s Noncompete Rule, Creates Split in Federal Courts

Employment Law Worldview | July 23, 2024
As we previously reported, the U.S. Federal Trade Commission (FTC) issued a Final Rule which, on its anticipated effective date of September 4, 2024, will invalidate nearly all preexisting noncompetition agreements and bar employers from entering into such restrictions with workers in the future.

Since then, the Final Rule has been subject to legal challenges nationwide. Shortly before Independence Day, a Texas federal judge preliminarily enjoined the Final Rule on a limited basis, concluding that the plaintiffs in the case before the court were likely to succeed in showing that the FTC overstepped its authority when it issued the Final Rule. However, the judge in that case declined to enter a nationwide injunction and limited her order only to the specific plaintiffs in that case.

Read More »
Additional Coverage From Bloomberg »