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Government Relations

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Current Capital Markets Relief Efforts 

August 4, 2010
H.R. 5872 – Increasing FHA Funding for Multifamily Loan Guarantees 

July 30, 2010
H.R. 5901, the Real Estate Jobs and Investment Act  

July 30, 2010
H.R. 5943, The Community Recovery and Enhancement (CRE) Act 

July 29, 2010
Council Testifies on Commercial Real Estate Finance 

June 29, 2010
H.R. 4173 “Dodd-Frank” Financial Reform Conference Report 

May 24,2010
FDIC’s Sale on $233 Million of CRE Bonds – Transaction Summary

May 17, 2010 
CRE Finance Council Testimony Before House Subcommittee/Chicago 

March 25, 2010 
CRE Finance Council Urges Caution for Reform Efforts 

March 19, 2010 
Highlights of Securitization Provisions in Senate Reg Reform Bill 

March 15, 2010 
Senate Banking Chairman Dodd Introduces Financial Reform Legislation (1,340 pages)
Financial Reform Legislation – Summary  
Steptoe & Johnson Summary of Senate Financial Reform Bill 

March 11, 2010
FDIC Release on Extension of Safe Harbor Rule 
FDIC Extension Re: Safe Harbor Protections for Securitizations 

March 1, 2010
A Framework For A Sustainable Commercial Real Estate Recovery 

February 22, 2010 
CMSA Letter to FDIC on Safe Harbor ANPR 

February 22, 2010 
Steptoe Summary of Congressional Oversight Panel Report on CRE   

February 10, 2010 
Congressional Oversight Panel Issues Report on CRE and Risk to Financial Stability  

February 2, 2010 
Comptroller of the Currency John Dugan Recommends Minimum Mortgage Underwriting Guidelines as Alternative to “Skin-in-the-Game” 

February 1, 2010 
Members of Congress Press Regulators on CRE Loan Modification Guidance 

December 15, 2009 
OCC Statement on FDIC Proposed Securitization Rule 

December 9, 2009
Treasury Letter Outlining TARP Exit Strategy; Indicates May Increase Commitment to TALF in 2010 

November 18, 2009
Rep. Garrett Release on Committee Adopted Amendment to Study FAS 166 and 167

November 13, 2009
FDIC Board Adopts Proposed Interim Final Rule To Provide A Transitional Safe Harbor For All Participations And Securitizations 

November 12, 2009
FDIC Proposed Interim Final Rule

November 10, 2009
Senate Banking Financial Regulatory Reform Draft Section on Credit Rating Agencies  
Senate Banking Financial Regulatory Reform Draft Section on Asset-Backed Securities  
Senate Banking Financial Regulatory Reform Discussion Draft  
Senate Banking Financial Regulatory Reform Discussion Draft Summary 

October 30, 2009
Financial Regulators Adopt Guidance on Prudent CRE Loan Workouts 
Policy Statement on Prudent CRE Loan Workouts

October 28, 2009
CMSA/Coalition Commercial Real Estate Letter to House Financial Services Committee  

October 27, 2009
House Financial Services Discussion Draft on Financial Stability Improvement  
 
October 27, 2009
House Financial Services Discussion Draft:  Subtitle F – Improvements to the Asset-Backed Securitization Process  

October 7, 2009 
CMSA Testimony Before Senate Banking Committee on Securitization  

October 5, 2009
Federal Reserve Announces Changes to Procedures for Evaluating ABS Pledged to TALF
Revised Frequently Asked Questions
Revised Terms and Conditions

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 

August 17, 2009
Federal Reserve Board and Treasury Department Announce Extension of TALF

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

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

July, 2009
Administration’s Legislative Language on Securitization

July 22, 2009
Steptoe & Johnson memo on Administration’s Credit Rating Agency Legislative Language

July 22, 2009
CMSAs Regulatory Reform White Paper

July 21, 20009
Broader CRE Coalition Policy Statement

July 21, 2009
CMSA Comment Letter on Legacy CMBS Talf Program

July 21, 2009
CMSAs REMIC White Paper

July 8, 2009
Joint Release on Legacy Securities and Legacy Loans Public-Private Investment Program
Equity and Debt Term Sheets for Pre-Qualified Fund Managers
Legacy Securities Additional Frequently Asked Questions
PPIP Conflict-of-Interest Rules

June 17, 2009 
White House Plan to Overhaul Financial Regulation
CMSA Response to White House Plan
Steptoe & Johnson Analysis of White House Plan

May 27, 2009
Kaye Scholer Memo re: More News Regarding CMBS as Eligible Collateral for TALF Loans

May 20, 2009
Cadwalader, Wickersham & Taft Memo on TALF for New Issue CMBS

May 19, 2009
Steptoe & Johnson Memo on TALF Legacy CMBS Terms and Conditions

May 19, 2009
FRB Press Release on TALF Legacy CMBS 
Term Asset-Backed Securities Loan Facility (Legacy CMBS): Terms and Conditions 
Term Asset-Backed Securities Loan Facility (Legacy CMBS): Frequently Asked Questions 
TALF Revised Frequently Asked Questions
TALF Revised Terms and Conditions 

May 12, 2009
Kaye Scholer LLP Memo on New York Fed Announcement of CMBS as Eligible Collateral for TALF Loans 

May 1, 2009
Fed Announces Five-Year Loan Terms for CMBS – Fed Terms, FAQ & Press Release

April 21, 2009
Secretary Geithner’s Testimony to Congressional Oversight Panel

April 10, 2009
CMSA Comment Letter Submitted to FDIC on Legacy Loans Program

April 6, 2009
Steptoe Update Memo on Legacy Securities Program
Legacy Securities Term Sheet (Treasury) 
Legacy Securities Frequently Asked Questions (Treasury)
Legacy Securities Private Asset Manager Application (Treasury)
Treasury Press Release on Legacy Securities Public-Private Investment Program  

March 26, 2009
Cadwalader, Wickersham & Taft Memo on the Public Private Investment Program

March 24, 2009
Steptoe Summary of Treasury’s Public Private Partnership Investment Program

March 23, 2009 
White Paper on Public-Private Investment Program (Treasury)
Legacy Loans Program Summary of Terms (Treasury)
Legacy Securities Program Summary of Terms (Treasury)

March 23, 2009
Treasury Releases Details of Public-Private Investment Program  

March 16, 2009
Returning Liquidity to the Commercial Mortgage Market--Formal CMSA Proposal Submitted to Government, March 16

February 13, 2009
Steptoe Memo on Terms and Conditions for TALF Participation

February 10, 2009
Treasury Financial Stability Fact Sheet

January 15, 2009 
Group of 30 Report on Financial Regulatory Reform   

January 13, 2009
CMSA Request to Senate Banking for TARP Allocation for Commercial Mortgage Industry

January 13, 2009
CMSA Requests TARP Allocation for Commercial Mortgage Industry

 

January 9, 2009
TARP Reform and Accountability Act of 2009 - HR 384

 

January 9, 2009
Frank Releases Outline of Legislation to Amend TARP – Commercial and CMBS Included

 

December 1, 2008
Secretary Paulson Remarks on the U.S. Economy and Financial System

November, 25, 2008
Treasury Provides TARP Funds to Federal Reserve Consumer ABS Lending Facility

 

October 31, 2008
CMSA Submits Letter on Treasury’s Creation of Guarantee Program

 

October 14, 2008
Treasury Rulemaking Notice on Creation of Guarantee Program for Troubled Assets

October 14, 2008
Treasury Requests Input on Creation of Guarantee Program for Troubled Assets

 

October 14, 2008
TARP Capital Purchase Program Summary

October 14, 2008
TARP Capital Purchase Program Term Sheet

October 14, 2008
FDIC Announces Plan to Free Up Bank Liquidity

 

October 14, 2008
FDIC Temporary Liquidity Guarantee Program Fact Sheet

October 10, 2008
CRS Report to Congress on Insurance Program for Troubled Assets

October 7, 2008
SEC Commences Work on Congressionally Mandated Study on Accounting Standards

 

October 7, 2008
Treasury RFP on the Hiring of Asset Managers

 

October 7, 2008
Treasury RFP on Custodian, Accounting, Auction Management, and Other Infrastructure Services

 

October 7, 2008
Treasury RFP on Whole Loan Asset Management Services

 

October 3, 2008
CMSA Applauds Congressional Passage of Financial Rescue Package 

 

October 3, 2008
U.S. House of Representatives Passes Economic Rescue Plan on Vote of 263-171

 

October 2, 2008
Steptoe Summary Update of Economic Rescue Plan

October 2, 2008
Senate Passes Economic Rescue Plan on Vote of 74-25

October 1, 2008
Steptoe Summary of Senate Rescue Plan

October 1, 2008
Senate Rescue Plan to be Voted on Tonight

September 29, 2008
U.S. House Fails to Pass Treasury Rescue Plan 205- 228; House Scheduled to Reconvene on October 2, 2008

 

September 29, 2008
Update on Government Response to Financial Crisis

 

September 28, 2008
Section-by-Section Analysis of the Emergency Economic Stabilization Act

September 28, 2008
Summary of Emergency Economic Stabilization Act

September 28, 2008
Bill Language for the Emergency Economic Stabilization Act

September 28, 2008
Comparison of Economic Rescue Legislation

September 26, 2008
Senate Banking Discussion Draft: Economic Recovery and Corporate Accountability Act of 2008

September 25, 2008
House and Senate Statement of Principles

September 25, 2008
House Republican Proposal to Create Mortgage Insurance Program

September 22, 2008
Steptoe Memo on Treasury, House and Senate Plans to Purchase Mortgage Related Assets
Treasury Fact Sheet

September, 2008
Legislative Proposal for Treasury Authority to Purchase Mortgage-Related Assets 

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