The Commercial Mortgage Securities Association announced the formation of a federal political action committee today from its CMBS Investors Conference being held in Miami this week. An advisory committee will direct the CMSA PAC's fundraising efforts and contributions to federal candidates for elected office. "Since the inception of the CMBS market in the mid 1980's, the market has grown to over $540 billion in CMBS globally. Over the last several years there has been a steady increase in regulatory and legislative activity affecting the commercial real estate capital markets. The creation of a PAC will enhance CMSA's efforts to aggressively tackle these issues on Capitol Hill," said CMSA CEO, Dottie Cunningham.
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