Accounting Committee: This Committee examines all standards and rules proposed by the Financial Accounting Standards Board, International Accounting Standards Board, Public Company Accounting Oversight Board and Securities and Exchange Commission that may affect the accounting and financial reporting of real estate companies. Committee members receive regular updates of financial standards developments through publications issued by NAREIT staff. Members are urged to participate on Committee task forces that are regularly formed to address specific standards proposals. These task forces participate in the development of NAREIT comment letters submitted to standards setters and other policy makers. Recent submissions have focused on joint FASB/IASB proposed changes to accounting for leases, revenue recognition, financial instruments and discontinued operations. The committee meets at REITWise; NAREIT’s law, accounting and finance conference.
Government Relations Committee: This Committee evaluates legislative and regulatory issues affecting REITs and commercial real estate, with a focus on federal income tax and securities laws issues. Members may participate on task forces formed to address specific issues that often result in formal submissions to policymakers, e.g., reforms to Subchapter M of the Internal Revenue Code, tax reform proposals, implementation of Dodd-Frank provisions such as derivatives, GSE reform, preferential dividends, cancellation of debt issues and money market funds as qualifying REIT assets. Members meet at REITWise: NAREIT’s Law, Accounting & Finance Conference and receive FirstBriefs describing legislative and regulatory developments.
State and Local Tax Subcommittee of Government Relations Committee: This Subcommittee evaluates developments affecting REITs in the state and local arena. Members doing business in a state that proposes a law change may collectively join a NAREIT Coalition to oppose such legislation, e.g. in California, Texas, Montana, Tennessee. Members receive State and Local Tax Policy Bulletins. Members meet at REITWise: NAREIT’s Law, Accounting & Finance Conference.
Insurance Committee: This Committee examines market developments impacting insurance issues. Members meet at REITWise: NAREIT’s Law, Accounting & Finance Conference.
Regulatory Law Subcommittee: This Subcommittee of the Government Relations Committee examines all relevant legislation, regulation, rules and guidance proposed by the Congress, the Securities and Exchange Committee (SEC), the Commodity Futures Trading Commission (CFTC), the Financial Industry Regulatory Authority (FINRA) and relevant foreign regulatory authorities such as the European Securities and Market Authority (ESMA) that affect the regulation of equity, debit and other capital market products issued or utilized by NAREIT members, the associated corporate governance standards applicable to REIT issuers, and the regulation and structure of the markets and exchanges upon which REIT capital products trade. NAREIT staff updates Subcommittee members through publications issued by NAREIT and are invited to participate in issue-specific task forces formed to develop NAREIT positions on various issues. When appropriate, the Subcommittee drafts written submissions to regulatory authorities, often in response to formal regulatory rulemakings. In recent years the Regulatory Law Subcommittee has focused on several regulations issued under the authority of the 2010 Dodd-Frank Act and on regulations issued pursuant to parallel European efforts, such as the EU Alternative Investment Managers Directive (AIFMD).
Sustainability Committee: This Committee, which was formed in March, 2012 in conjunction with NAREIT's second annual Leader in the Light Working Forum, is limited to NAREIT Corporate Members. Initially, the Committee's primary focus was tied to issues related to the migration of NAREIT's Leader in the Light award program - which recognizes NAREIT Corporate Members that have demonstrated superior and sustained energy use practices and sustainability initiatives - to the Global Real Estate Sustainability Benchmark (GRESB) platform. The Committee has also served as an important forum for NAREIT Corporate Members involved who are involved, directly or indirectly, in a corporate sustainability function, to provide ongoing guidance and commentary to NAREIT staff, and to each other, on important issues and developments in the sustainability arena. Currently, the Committee gathers each year at NAREIT's annual Leader in the Light Working Forum, an important hands-on educational/networking event.
Unless otherwise noted, any employee of a NAREIT Corporate Member any or Individual Member can join one or more Committees, Subcommittees, or task forces by contacting NAREIT Member Services at (email@example.com)