The Senate and the House are addressing and examining the financial issues that affect key components of our nation’s economy. Through its advocacy for its members on Capitol Hill, the CRE Finance Council seeks to ensure that its members’ voices are heard by government officials, Representatives and Senators during the many critical stages throughout the legislative process.  
 

>  Dodd-Frank  

>  GSE Reform (view the GSE Reform Task Force page)

>  Credit Rating Agency Reform (view the Credit Rating Agency Impact Committee page)

Featured Documents

> Analysis of Dodd-Frank  

Comment Letters & Testimony 

Nov. 5, 2010
Council Comments on Volcker Rule 

May 17, 2010 
Council Testimony Before House 

April 26, 2010
Garrett, Bachus Letter on ABS Reforms 

March 25, 2010
Council Coalition Letter on ABS Reform

March 25, 2010 
Council Letter on Reform Efforts  

February 25, 2010
CRE Coalition Letter on “Retention” 

October 28, 2009
CMSA, Coalition Letter on CRE  

October 7, 2009 
CMSA Testimony on Securitization  

June 17, 2009 
CMSA Response to White House Plan 

June 9, 2003
Industry Letter USA Patriot Act 

Research / Background Documents 

October 1, 2010
FSOC’s Dodd-Frank Implementation Plan 

September 14, 2010
OCC Remarks on Sound Banking Practices

August 10, 2010
Treasury Speech on Reform Efforts, Risk-Based Capital Changes

 June 30, 2010 (Featured Document)
Analysis of Dodd-Frank 

May 26, 2010 
Current State of Securitization Reforms  
By Cadwalader, Wickersham & Taft LLP

March 19, 2010 
Senate Reg Reform Bill Securitization Highlights

March 15, 2010 
Senate Financial Reform Bill (1,340 pages)
Senate Reform Bill Summary  
Senate Reform Bill Analysis 

February 2, 2010 
OCC Comptroller on “Skin-in-the-Game” 

November 18, 2009
Garrett Release on FAS 166/167 Study

November 10, 2009
Senate Reform Bill on Drafr CRA's  
Senate Reform Bill on Draft ABS  
Senate Reform Bill Discussion Draft  
Senate Reform Bill Discussion Draft Summary 

October 27, 2009
House Financial Reform Bill Discussion Draft      
 
October 27, 2009
House Reform Bill Discussion Draft on ABS 

September 16, 2009 
IOSCO Consultation Report on the Transparency of Structured Finance Products 

September 8, 2009
CMSA Interview on CNBC's Squawk Box (video)

September 4, 2009 
IOSCO Issues Final Regulatory Recommendations on Securitisation Market

July 23, 2009
Analysis of White House Language on Securitization 

July, 2009
White House Language on Securitization

July 22, 2009 
CMSAs Regulatory Reform White Paper

July 21, 20009 
Broader CRE Coalition Policy Statement

June 17, 2009 
White House Plan For Financial Regulation 
Analysis of White House Plan

January 15, 2009 
Group of 30 Report on Financial Reform   

June 2008 
Dechert LLP Article on Treasury Blueprint for Financial Regulatory Structure

March 31, 2008 
Treasury Blueprint for Financial Reform

March 13, 2008 
President’s Working Group Securitization Report

March 12, 2008 
President’s Working Group on Financial Markets Policy Statement

January 5, 2007
Joint Regulatory Statement on in CSFT's

February 3, 2003
Joint Regulatory Report on MBS Markets 

Research / Background Documents 

October 27, 2011
Scott Garrett releases plan to Reform Secondary Mortgage Market 

February 11, 2011
Administration’s Housing Finance Reform Plan 

September 9, 2010
House Financial Services Committee September Hearing Schedule 

July 21, 2010
Council Comment Letter on Housing Finance Reform”  

April 22, 2010 
Treasury/HUD Request for Input Housing Finance Reform

April 14, 2010 
Treasury, HUD Seek Input on Housing Finance Reform

Press Releases

July 21, 2008
CMSA Opposes SEC Rule on Ratings Differentiation

June 11, 2008
CMSA Urges SEC to Oppose Separate Structured Finance Ratings

May 29, 2008
CMSA Urges CMBS Investors to Comment on Rating Proposals

May 14, 2008
CMSA Maintains Opposition to Separate Credit Ratings for Structured Finance

April 29, 2008
CMSA Opposes Separate Credit Ratings for Structured Finance

April 22, 2008
CMSA, MBA Oppose Different Credit Rating Process forStructured Securities

April 21, 2008
CMSA, Industry Group Oppose Differentiating Structured Finance Ratings

Comment Letters & Testimony

September 13, 2011
CRE Finance Council Responds to SEC’s CRA/Franken Amendment Study 

February 7, 2011
CRE Finance Council Response on SEC’s CRA Study 

 October 26, 2009
CMSA Letter Opposing Differentiation in Ratings 

July 1, 2009 
CMSA Letter on Method for Rating IOs

June 5, 2009 
CMSA Letter on S&P for CMBS Conduit Deals

April 3, 2009 
CMSA Letter to SEC's Proposed NRSRO Rules 

December 3, 2008
CMSA Statement on SEC's Proposed CRA Rules

September 10, 2008
CMSA Letter on SEC Security Ratings Proposal

August 5, 2008
CMSA Letter on Fitch Ratings Proposals 

July 31, 2008 
CMSA Letter on S&P Proposed Ratings Identifier 

July 30, 2008 
CMSA Letter Supporting HR 6308 Amendment 

July 21, 2008 
CMSA Submits Comment letter to SEC 

April 25, 2008
CMSA Letter on Changes to CoC for Credit Rating Agencies 

February 29, 2008
CMSA Comments on Moody’s Ratings Change Proposal  

April 25, 2007
CMSA Comments After SEC Meeting 

March 27, 2007
CMSA Supplemental Comment Letter and Attachment on CRA Reform

March 12, 2007
CMSA Letter on CRA Reform 

Research / Background Documents 

February 7, 2011
SEC NRSRO Study 

5/14/2010 
Franken CRA Amendment Summary 

April 27, 2010
Rating Agency Reform and Structured Products handout 

April 12, 2010
S&P Updates Stress Factor Methodology for Insurers

September 28, 2009
Summary of CRA Reform Draft  

September 25, 2009
House Discussion Draft on CRA Reform  
Section-By-Section of CRA Reform Draft 

July, 2009
Administration’s Legislative Language on Credit Rating Agency Reform

July 23, 2009
Steptoe & Johnson Summary of Administration’s Legislative Language on Securitization

June 1, 2009 
S&P Methodology For I/O Certificates

May 26, 2008 
S&P RFC on CMBS Rating Methodology

March 16, 2009 
Summary of SEC’s Proposed NRSRO Rules 

March 6, 2009 
SEC Roundtable on CRA Oversight 

February 9, 2009 
SEC NPR on Proposed NRSRO Rules

December 3, 2008 
SEC Fact Sheet on CRA Final Rules

July 21, 2008
SEC Requests Market Participant Comments

July 1, 2008 
Fitch Proposes Complementary Ratings for Structured Finance 

June, 2008 
SEC Proposed Rule on NSRO's

May 29, 2008
S&P Press Release on Rating Change Request

May 29, 2008
S&P Paper on  Addition of an Identifier to Securitization Ratings

May 28, 2008
IOSCO to Change CoC for CRA's

May 28, 2008
IOSCO Report on CRA's Role in Structured Finance

April 29, 2008 
Fitch Press Release on Rating Scales for Structured Finance

March 13, 2008 
PWG Release on Securitization Report

March 12, 2008 
PWG Policy Statement on Financial Markets

February 2008
Moody’s Ratings Change Proposal 

November 2007
Credit Rating Agengy Reform Position Paper  

September 27, 2007
House Hearing Summary on CRA's

June 5, 2007
SEC Final Rules CRA Reform 

May 23, 2007
SEC Votes to Adopt Final CRA Reform Rules

February 2, 2007
SEC Proposed Regulations for CRA Reform Act of 2006

September 29, 2006
CRA Reform Act of 2006 Signed into Law