Policy Issues

Spring 2023 Policy Toolkit - Capital & Credit

The Real Estate Roundtable supports efforts to promote economically responsible commercial and multifamily real estate lending and risk management tools that maintain liquidity while reflecting sound underwriting and rational pricing of economic risk.

We continue to urge policymakers to pursue measures that encourage stable valuations, appropriate transparency, and support efforts to sustain appropriate systemic safeguards — all key factors for a reliable credit system.

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  • Reauthorizing the National Flood Insurance Program (NFIP) Issue Position Background

    The Roundtable and its partner associations support a long-term reauthorization and improvements of the National Flood Insurance Program (NFIP) that help property owners and renters prepare for and recover from future flood losses. Floods are the most common and most destructive natural disaster in the U.S., and there is limited private market capacity.

  • Reforming the Government Sponsored Enterprises (GSEs) Issue Position Background

    Successful reform should meet the housing finance needs of the American economy while protecting the taxpayer. The Roundtable encourages policymakers to build upon successful risk-sharing mechanisms and products by employing the existing multifamily finance structures being used by Fannie Mae and Freddie Mac that have been essential in expanding the supply of rural, senior, workforce and affordable rental housing.

  • Pandemic Risk Insurance Issue Position Background

    Pandemic risk is perhaps the largest unhedged risk in the economy. The COVID-19 pandemic exposed and exacerbated a protection gap in what the business and non-profit sectors assumed to be a resilient financial protection system of commercial insurance. Pandemic-related coverage in various lines of commercial insurance has been withdrawn or restricted going forward. Expanding coverage gaps present challenges for businesses across many industries and could stall economic growth.

  • SEC Proposed Rules: Private Fund Advisers, Form PF Issue Position Background

    In 2022, the Securities and Exchange Commission (SEC) proposed two rules that would significantly overhaul the regulation of the private fund industry—a key capital source for income-producing real estate. The first proposed rulemaking would amend the Form PF reporting requirements for certain private fund managers and the second proposed rule would impose new investor reporting requirements on certain Private Fund Advisers under the Investment Advisers Act of 1940.

  • LIBOR Reform Issue Position Background

    The Roundtable’s RECPAC has formed a LIBOR Working Group to work toward the development and implementation of an effective new replacement benchmark that does not impair liquidity, needlessly increase borrowing costs, or cause market disruptions.

  • Current Expected Credit Losses (CECL) Accounting Standard Issue Position Background

    The Roundtable continues to urge the FASB and the Securities and Exchange Commission (SEC) to delay implementation of the CECL standard, which may begin to reduce aggregate bank lending as early as next year.

  • Corporate Transparency Act Issue Position Background

    The Corporate Transparency Act (CTA) establishes uniform beneficial ownership information reporting requirements for certain types of corporations, limited liability companies, and other similar entities created in or registered to do business in the U.S. 

  • CFIUS Reforms to Expand Review of Certain Real Estate Transactions Issue Position Background

    CFIUS is a U.S. interagency committee that conducts national security reviews of foreign investment.

  • SAFE Banking Act and CRBs Issue Position Background

    The Roundtable continues to urge policymakers to take action that encourages stable valuations, enhanced transparency and sensible underwriting, and support efforts to establish appropriate systemic safeguards—all key factors for a reliable credit system.

  • Terrorism Risk Insurance Act (TRIA) Issue Position Background

    The Roundtable is focused on developing an effective, long-term approach for a federal terrorism risk insurance program.  Such a long-term program should enable policyholders to secure the terrorism risk coverage they need without facing periodic renewals by the federal government. 


Members Only

The Real Estate Capital Policy Advisory Committee (RECPAC) is co-chaired by Dennis Lopez (QuadReal Property Group) and Mark Myers (Wells Fargo). RECPAC consists of principal members from a broad spectrum of real estate investment, ownership and financial services companies.

Staff Contact
CER - Oct2019 - contact Clifton (Chip) E. Rodgers, Jr. 
 Senior Vice President

Other Resources

Roundtable Weekly (Policy Newsletter & Archive)
Annual Report (Roundtable Accomplishments & Activities)
Policy Agenda (Roundtable Goals & Advocacy)