It's the Executive Branch of the government, as specified by the US Constitution, equal to the Legislative Branch and the Judicial Branch.

The Healthcare legislation in Congress doesn't do a single beneficial thing to the operations of real healthcare.

The facts have been presented to me regarding the SAFE ACT and I'm in NO WAY insinuating this post was supposed to be about the circumvention of ANY legislation.

"Not only are some legislators (and real-estate industry lobbyists) already pushing hard for an extension of the tax credit, which will expire Nov. 30, but they’re also arguing that it should be increased, to $15,000, and expanded to all buyers, and not just those who are first-timers."

The Consumer Financial Protection Bureau (CFPB) was another offspring from the Dodd Frank Act, a legislation that is well-hated among mortgage professionals in America.

The result has been a flurry of legislative activity creating chaos and confusion.

Biggest difference I would say is there are fewer legislative or governmental controls. 

I think as an investor, buying a vacation rental in certain areas that you like especially is a great idea.I would strongly recommend checking, checking again, re-checking, and then checking one more time on the laws/ordinances regarding short term rentals in the area you want to target.Once you are done there, I would follow the same process on any proposed or upcoming legislation that can impact you. 

When people are discussing the lead legislation, I point them towards a colleagues brother who is well versed in lead abatement and the laws surrounding it. 

Of course the AirBnB horror stories will freak neighbors out and legislators feel the need to react.