Federal Issues Committee
Sheraton Grand Hotel
Grand Nave Ballroom, Gardenia Room
Sacramento, CA
Thursday, June 4, 2009
3:00 PM – 5:00 PM

Presiding:
Don Faught, Chair
Kathy Mehringer, Vice-Chair
Ray Karpe, Vice-Chair
Bill Jansen, Executive Committee Liaison
Allen Chiang, NAR Committee Representative

C.A.R. Staff:
Matt Roberts, Federal Governmental Affairs Manager
Jeff Keller, Public Policy Analyst

I. Opening Comments: Don Faught

II. Report of Action Items from Reporting Committees

A. Real Estate Finance
B. Taxation
C. Land Use and Environment
D. Equal Opportunity – Cultural Diversity
E. Housing Opportunity
F. Commercial Investment

III. Taxation Issues

A. Action Items:
1. Withdrawing From 401(k) Plan Without Penalty
B. Discussion Items:
1. Estate Tax
2. Changes to Tax Deductions

C. Reporting Items:
1. Homebuyer Tax Credit
2. FY2010 Tax Rates

IV. Real Estate Finance Issues

A. Discussion Items
1. Banking Bill
2. Mortgage Reform
3. Foreclosure Rescue Scams
4. Home Valuation Code of Conduct
5. FHA Update
6. Making Home Affordable Program
7. GSE and FHA Loan Limits

B. Reporting Items
1. Banks in Real Estate
2. GSE Reform
3. Regulatory Reform
4. National Flood Insurance Program
5. RESPA
6. VA Loans
7. Natural Disaster Insurance
8. New Fannie Mae CEO
V. Land Use & Environment Issues

A. Discussion Items
1. Climate Change, Energy Efficiency, and Point-of-Sale

VI. New Business

VII. Adjournment