Why Political Advocacy Matters

Transcription

1 Why Political Advocacy Matters Rick Arvielo, CEO & President, New American Funding Bill Killmer, SVP, Legislative and Political Affairs, MBA Alden Knowlton, Director of Political Affairs, MBA Jamey Ballo, Assistant PAC Director, MBA March 21, 2018

2 Agenda for Today PAC 101 MBA Advocacy: How you can get involved 2018 Elections Update Importance of MORPAC Successful MORPAC Company Campaigns 2018 MORPAC Action Week Legislative Wins

3 What is a PAC? Like-minded individuals Combine resources to support candidates who support the company s interests and issues Connected by issues, beliefs or employment

4 Why Have PACs? Associations are prohibited from directly contributing to federal candidates A PAC is strictly regulated by the Federal Election Commission (FEC) and only allows for voluntary, individual contributions A PAC is a legal, transparent and federally monitored means of expressing united interests with one powerful voice. A PAC is power in numbers

5 Why Have PACs? (CONTINUED)

6 MBA Advocacy: How You Can Get Involved Join MAA The Mortgage Action Alliance (MAA) is MBA s free grassroots advocacy network MAA members receive: A Call to Action A weekly newsletter Free Quarterly Advocacy Update Webinars Join MAA at mba.org/joinmaa or text MAA to

7 MBA Advocacy: How You Can Get Involved (CONTINUED) Contribute to MORPAC MORPAC, MBA s political action committee (PAC), is the only federal PAC that represents the entire real estate finance industry. Contributor benefits: Information source Gift/recognition Special events Political involvement Election resources For more information go to mba.org/morpac.

8 Who is eligible to contribute to MORPAC?

9 Quick Facts Only gives to candidates for federal office (U.S. House and Senate) The maximum annual contribution for an individual to give to MORPAC is $5, % of your contribution goes to electing and re-electing individuals to Congress MORPAC disbursements are primarily focused on members of relevant committees (Senate Banking Committee, House Financial Services Committee, etc.) MBA can also accept unlimited corporate donations from its members into its PAC administrative fund

10 2018 Elections Update House Race Ratings House Open Seats: 61 (19 D; 42 R) Senate Race Ratings Senate Open Seats: 4 (4 R)

11 Where Does MORPAC Fit in Advocacy? Post-election, stakeholders provide input on legislative priorities to help develop legislative agenda Lobbying team monitors top legislative priorities & opportunities and informs grassroots and MORPAC teams of issue champions in Congress Lawmakers and agencies are lobbied on organization s legislative priorities & educated on impact of legislation MORPAC supports the re-election of legislators Grassroots team educates membership on priority issues; asks for action alert, grasstops response

12 Top 20 Trade PACs by Receipts January 1, 2015 December 31, 2016

13 Connecting the Dots What s in it for me?

14 Six Reasons to Give to MORPAC 1. Help support pro-business candidates who will make a difference. 2. Ensure that MBA has a seat at the table in Washington. 3. Make MBA politically relevant. 4. Meet organization leadership and learn their perspectives. 5. Help build a positive industry image. 6. Make your dollars count.

15 How You Can Contribute to MORPAC? Payroll deduction Personal check (make out to MORPAC) Personal credit card; mba.org/morpac One time payment Monthly payments Quarterly payments Cash (may not exceed $100 per individual)

16 Thank YOU to MORPAC s 2017 Company Campaigns

17 New American Funding Success Rick Arvielo CEO & President

18 MORPAC Action Week

19 MORPAC Fundraising Metrics Since January 2017, MORPAC has raised roughly $1.2 million in personal contributions so far in the cycle In 2018 alone, MORPAC has already raised over $215,000 in personal contributions

20 MORPAC Recognition MBA recognizes all MORPAC contributors on the MORPAC website, on donor boards at MBA conferences and in industry-wide advocacy communications, so your support is highly visible to the larger membership throughout the year.

21 Tax Reform: Advocacy in Action Advocacy Stats 4,500 advocates took action 9,000 letters sent to the Hill 98 Senate offices hit Tax Reform Advocacy Highlights in Final Legislation (signed into law): Preserved the MSR Fix Preserved the Capital Gains Treatment for Home Sales Preserved the Low-Income Housing Tax Credit (LIHTC) and the tax-exempt status for private activity bonds (PABs) Preserved the Business Interest Deduction for Real Estate and Like-Kind Exchange Rules for Real Property

22 Regulatory Relief: Advocacy in Action Advocacy Stats 2,938 advocates took action 8,005 letters sent to the Hill 96 Senate offices hit 7 Co-sponsors added Passed by full Senate on March 14 by a vote of Focus now on House

23 Key Takeaways Why have PACs What s in it for me How you can get involved Who s running successful company campaigns When is MORPAC Action Week

24 Questions? Comments? Rebuttals? Accusations?