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

House Republicans Focus on Four Themes in 2023

September 26, 2022

Around 50 days before the midterms, House Republicans released their vision for the next Congress — ‘Commitment to America.’ Rather than a specific agenda, Republicans plan to focus on four themes if they win a House majority:

  1. The economy, focused on reducing inflation and energy costs and strengthening supply chains
  2.  Safety, including reducing crime and securing the border;
  3. Freedom, which relates to parental rights in schools and confronting big tech; and
  4. Government accountability, “a nod to planned scrutiny of Biden administration officials,” reports The Wall Street Journal, which notes:
Republicans will have the power to hold hearings and propose and pass legislation, but their ability to make new law will be limited—even if the party also takes the Senate. President Biden can veto bills, and many policies related to crime as well as school curriculum and transgender issues are controlled at the state or local level.

Why it matters: To many Republicans, the platform feels like a turning point for their conference after four years stuck in the House minority, echoing their strongest campaign-trail points, Politico says.

Yes, but: President Joe Biden called the plan a “thin series of policy goals with little or no detail,” while House Speaker Nancy Pelosi described it as an “alarming new extreme MAGA platform,” citing the abortion stance and other parts of the proposal.

Go deeper: a one pager can be found here, and the above links provide more detail of the agenda. 

Contact 

Justin Ailes
Managing Director, Government Relations
202.448.0853
jailes@crefc.org
Symbols of Democrat and Republican parties cut out of paper
President Joe Biden called the plan a “thin series of policy goals with little or no detail,” while House Speaker Nancy Pelosi described it as an “alarming new extreme MAGA platform,” citing the abortion stance and other parts of the proposal.
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. © 2022 CRE Finance Council. All rights reserved.
House Republicans Focus on Four Themes in 2023
September 26, 2022
Around 50 days before the midterms, House Republicans released their vision for the next Congress — ‘Commitment to America.’

News

SEC Investor Advisory Committee Recommends More Climate Risk Disclosure

September 26, 2022

On September 21, the SEC’s Investor Advisory Committee (IAC) shared its support of the SEC’s May 2022 climate risk disclosure proposal and recommended a couple of additional disclosures. (The IAC is not part of the SEC. It was established by Dodd-Frank to advise the SEC on a variety of topics, including the effectiveness of disclosure and initiatives related to investor protection. Please see here for current IAC members.)

In addition to encouraging the use of the Task Force on Climate-Related Financial Disclosures (TCFD) framework and the GHG Protocol, the IAC supports requiring:

  • Disclosure of Scope 1 and Scope 2 greenhouse gas (GHG) emissions, and disclosure by large companies of material Scope 3 GHG emissions;
  • Attestation report for accelerated and large accelerated filers at the reasonable assurance level for Scope 1 and Scope 2 emissions;
  • Disclosure of climate-related risks and impacts on business strategy, model, and outlook;
  • Disclosure of risk management, targets, and goals; and the
  • Presentation of disclosures in financial statements.

The IAC also recommends that companies:

  • Provide a “Management Discussion of Climate-Related Risks and Opportunities” in the annual 10-K. (This information need not be audited or subject to internal controls over financial reporting); and
  • Disclose material facility locations, including owned facilities and facilities used by key suppliers.

What's next: According to the SEC’s agenda, the climate disclosure rules will be finalized in October 2022, although market participants believe this deadline might slip.

  • The SEC has received tremendous pushback from many parties, including several key Republican lawmakers, and will likely faces a slew of lawsuits upon the publication of the final rule.
  • However, it is hard to gauge how much SEC Chair Gary Gensler will pull back on the proposed requirements.
  • At a recent Senate Banking Committee oversight hearing, he stayed the course on some of the more controversial elements, including GHG emissions reporting requirements.
  • CREFC will keep you apprised of any developments.

Please click here for CREFC’s response to the climate disclosure proposal and contact sburki@crefc.org with any questions.

Contact

Sairah Burki
Managing Director, Regulatory Affairs & Sustainability
703.201.4294
sburki@crefc.org
According to the SEC’s agenda, the climate disclosure rules will be finalized in October 2022, although market participants believe this deadline might slip.
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. © 2022 CRE Finance Council. All rights reserved.
SEC Investor Advisory Committee Recommends More Climate Risk Disclosure
September 26, 2022
On September 21, the SEC’s Investor Advisory Committee (IAC) shared its support of the SEC’s May 2022 climate risk disclosure proposal and recommended a couple of additional disclosures. (The IAC is not part of the SEC. It was established by Dodd-Fra

News

Government Shutdown Unlikely But Down to the Wire

September 26, 2022

Permitting reform continues to hold up a Continuing Resolution (CR) to fund the government past Friday’s fiscal year deadline. A test vote in the Senate on Tuesday will determine whether the CR includes permitting reform.

Why it matters: The government is at low risk of a shutdown, but lawmakers are down to the wire.

The big picture: Permitting reform supporters say the federal permitting process for both fossil fuel and renewable energy projects (like electric transmission) come with too much red tape under the National Environmental Policy Act, Clean Water Act, and Endangered Species Act. This red tape prevents projects that create jobs, increase domestic energy production, and make the US energy-independent.

Yes, but: Reform opponents fear fewer and less robust environmental reviews, harming low-income communities of color who suffer from pollution by fossil fuel projects in their neighborhoods.

What's next: If the CR does not include permitting changes, lawmakers could add the provisions in a year-end omnibus spending bill or must-pass defense bill later this year.

Contact

Justin Ailes
Managing Director, Government Relations
202.448.0853
jailes@crefc.org
The government is at low risk of a shutdown, but lawmakers are down to the wire.
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. © 2022 CRE Finance Council. All rights reserved.
Government Shutdown Unlikely But Down to the Wire
September 26, 2022
Permitting reform continues to hold up a Continuing Resolution (CR) to fund the government past Friday’s fiscal year deadline.

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.   

Sign Up for eNews

Become a Member

CREFC offers industry participants an unparalleled ability to connect, participate, advocate and learn!
Join Now