CREFC Hosts Discussion with Rep. Sean Casten
September 30, 2025
Last week, CREFC members met with Rep. Sean Casten (D-IL) during a policy discussion hosted at CREFC’s Offices in New York City. The event provided a forum for dialogue on federal legislative priorities impacting the commercial real estate finance industry.
Why it matters: Rep. Casten sits on the
House Financial Services Committee, where he plays an active role in shaping legislation affecting both energy and financial markets. His perspective offers valuable insight into how broader policy goals intersect with the needs of CRE finance.
Key Takeaways from the Conversation:
- CRE Markets: CREFC members and staff updated Rep. Casten on the CRE and multifamily lending markets and performance, including the latest CMBS loan delinquency report.
- Climate & Energy Policy: Rep. Casten, a former clean energy entrepreneur, emphasized the need for Congress to support investments in energy efficiency and grid modernization. He tied this to the rise in energy demand, highlight the growth of data centers in particular.
- Financial Regulation: The Congressman discussed the current regulatory environment, including the re-authorization of the Terrorism Risk Insurance Act (TRIA) program.
- Recently the Subcommittee on Housing and Insurance, which is part of the House Financial Services Committee, held a hearing on TRIA re-authorization, you can view the hearing and commentary here.
- Click here for CREFC’s coverage of the hearing and more background on TRIA.
Next Steps: CREFC will continue engaging with policymakers like Rep. Casten to ensure the industry’s voice is heard.
Contact James Montfort (jmontfort@crefc.org) with any questions.