Shaping Our Industry

Our members shape the commercial real estate finance industry with our advocacy initiatives. Through a collaborative process with our members, CREFC develops official policy positions that are presented as needed to legislators and regulators. These policies are developed through participation in our forums. CREFC also maintains fact sheets in online and PDF format on all major CRE issues and informs members weekly of the latest regulatory developments. To make a difference in the direction of our industry, sign up for a forum and participate in our advocacy efforts below. Contact Justin Ailes with any CREFC policy or advocacy questions.

Latest News

News

Nikki Haley to Announce 2024 Presidential Bid

February 6, 2023

The field for the 2024 Republican Presidential nomination is starting to thaw.

Last week, former U.N. Ambassador Nikki Haley announced she will make a “Special Announcement” on February 15 and travel to New Hampshire and Iowa.

Our thought bubble: If that doesn’t scream, “I’m running for President,” we don’t know what else will.

Why it matters: Haley is the first high-profile challenger to former President Trump. Her compelling personal background and record as Governor of South Carolina give her an edge that is not to be overlooked.

The big picture: The 2024 Republican Presidential primary field is anticipated to be crowded:

The bottom line: The time between now and when the Republican nominee will be announced during the Republican National Convention in July 2024 is significant. During this period, CREFC will shine a spotlight on the candidates to watch this cycle.

Contact Chelsea Neil (cneil@crefc.org) with questions about the 2024 election cycle.

Contact 

Chelsea Neil
Manager, Political and Government Relations
540.903.9759
cneil@crefc.org
Illustration of an elephant thawing from an ice cube.
The information provided herein is general in nature and for educational purposes only. CRE Finance Council makes no representations as to the accuracy, completeness, timeliness, validity, usefulness, or suitability of the information provided. The information should not be relied upon or interpreted as legal, financial, tax, accounting, investment, commercial or other advice, and CRE Finance Council disclaims all liability for any such reliance. © 2023 CRE Finance Council. All rights reserved.
Nikki Haley to Announce 2024 Presidential Bid
February 6, 2023
The field for the 2024 Republican Presidential nomination is starting to thaw.

News

ICYMI: Federal Election Commission Increases Contribution Limits

February 6, 2023 

On February 2, the Federal Elections Commission (FEC) increased the amount that individual donors can give per candidate per election to $3,300.

Why it matters: The announcement reflects the current inflationary environment. Donors can now also give a candidate up to $6,600 between the primary and general elections — or $9,900 if a race goes to a runoff.

By the numbers: The amount represents a $400 increase from the $2,900 limit during the 2022 election cycle.

Go deeper: Visit the FEC website for the complete list of contribution limits during the 2024 cycle.

If you have questions about political giving contributions or the FEC, please contact Chelsea Neil (cneil@crefc.org). 

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Contact

Chelsea Neil
Manager, Political and Government Relations
540.903.9759
cneil@crefc.org
Illustration of all the 2020 democratic candidates around a dollar bill
The information provided herein is general in nature and for educational purposes only. CRE Finance Council makes no representations as to the accuracy, completeness, timeliness, validity, usefulness, or suitability of the information provided. The information should not be relied upon or interpreted as legal, financial, tax, accounting, investment, commercial or other advice, and CRE Finance Council disclaims all liability for any such reliance. © 2023 CRE Finance Council. All rights reserved.
ICYMI: Federal Election Commission Increases Contribution Limits
February 6, 2023
On February 2, the Federal Elections Commission (FEC) increased the amount that individual donors can give per candidate per election to $3,300.

News

California Bill Mandates Corporate Emissions Disclosures

February 6, 2023 

On January, 30, California lawmakers introduced a bill that would require large U.S. companies to disclose their greenhouse gas emissions, potentially affecting several thousand major companies.

What is covered: Politico reports the "California Climate Corporate Data Accountability Act" would require all companies earning at least $1 billion in revenue and doing business in California to provide information on their global carbon footprints starting in 2026.

Covered companies would be required to disclose:

  1. Scope 1 (direct operations);
  2. Scope 2 (energy use); and
  3. Scope 3 (upstream and downstream emissions).

The bill would be more stringent than the Securities and Exchange Commission, (SEC) proposed climate disclosure rule, which would only apply to publicly traded companies and would not require all of them to disclose Scope 3 emissions.

Could this be precedent: Politico reports that climate advocates believe this move could be replicated in other states. New York lawmakers are also proposing similar legislation this year, after failing last year.

Likelihood of passage: While a similar effort failed in the California Assembly last year after passing in the Senate, the bill’s sponsor remains optimistic, citing “stronger business support earlier in the process and some legislative districts flipping in November's election.”

But at the Federal level: As reported by the Wall Street Journal and Politico, the SEC may be considering softening elements of its proposed climate disclosure proposal, including Scope 3 emissions disclosure requirements and disclosing the impact of climate events on financial statements. In our comment letter, CREFC noted our members’ significant concerns related to and questions about these proposed requirements.

The SEC continues to receive significant pushback from lawmakers and companies, and given the likelihood of a barrage of litigation, the regulator may try to make the final rule as bulletproof as possible.

CREFC continues to monitor and respond to proposed ESG-related regulation and legislation. Please contact Sairah Burki (sburki@crefc.org) with questions or to join our Sustainability Initiative.

Contact

Sairah Burki
Managing Director, Regulatory Affairs
703.201.4294
sburki@crefc.org
The information provided herein is general in nature and for educational purposes only. CRE Finance Council makes no representations as to the accuracy, completeness, timeliness, validity, usefulness, or suitability of the information provided. The information should not be relied upon or interpreted as legal, financial, tax, accounting, investment, commercial or other advice, and CRE Finance Council disclaims all liability for any such reliance. © 2023 CRE Finance Council. All rights reserved.
California Bill Mandates Corporate Emissions Disclosures
February 6, 2023
On January, 30, California lawmakers introduced a bill that would require large U.S. companies to disclose their greenhouse gas emissions, potentially affecting several thousand major companies.

More Advocacy Resources

CREFC Policy and Capital Markets Briefing

Read the latest issue of CREFC's weekly Policy and Capital Markets Briefing

CREFC Policy Tracker

CREFC’s Policy Tracker includes a variety of visual aids and updates to help members understand, track, and analyze key policy issues affecting the CRE and multifamily finance industry.

ESG Initiatives

 CREFC’s Sustainability Initiative seeks to align the objectives of our members and the CRE finance industry with the opportunities and challenges of environmental, social and corporate sustainability.
 

Policy Fact Sheets

CREFC’s Fact Sheets are intended to provide a high-level overview of legislative and regulatory policy issues affecting commercial real estate lenders and investors.  Read the facts.

Read the Latest Government Relations Alerts

For our weekly government relations and industry policy briefings, please visit our Document Resource Center. The Document Resource Center contains CREFC position papers, analyses, testimony, and other policy tools.

Multifamily Housing Affordability

Read CREFC's thought leadership paper: Multifamily Housing Affordability in the Age of COVID and Beyond

Archive

Don't miss a beat! Remain informed on all things CRE and beyond by checking out CREFC's Archive Page. The archive houses legislative and political resources, developed and curated by CREFC's Government Relations team, needed to thrive in today's market.   

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