Policy Issues

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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  • 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. 

  • 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.

  • 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.

  • New Beneficial Ownership Rule Affects Real Estate Transactions Issue Position Background

    Proposed legislation would require every business with fewer than 20 employees to register their beneficial owners with the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN). This latest action follows last year’s enactment of a rule from the Financial Crimes Enforcement Network (FinCEN) – “Customer Due Diligence Requirements for Financial Institutions” (the CDD Rule) – that amends Bank Secrecy Act (BSA) regulations to improve financial transparency and prevent criminals and terrorists from misusing companies to disguise their illicit activities and launder their ill-gotten gains.

  • 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.

  • 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.

  • Cannabis Policy 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.

  • High Volatility Commercial Real Estate (HVCRE) Issue Position Background

    The Roundtable supports finalizing a federal proposal that would implement modified capital rules for High Volatility Commercial Real Estate (HVCRE) loan exposures as stipulated in Section 214 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155). 

  • Volcker Rule Issue Position Background

    The Volcker rule prohibits banking entities from engaging in proprietary trading and from owning or controlling hedge funds or private equity funds. 

    For the commercial real estate industry, the Volcker Rule has put a damper on secondary market trading of commercial mortgage backed securities (CMBS) by limiting the ability of banks to hold inventories of secondary market securities, thereby diminishing market liquidity.  

RELATED CONTENT

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

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