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11/20/2014
1
Big Issues in the Texas Legislature2014 Post Election Update and Analysis
Title Insurance 2015 Legislative AgendaPresented by:
Randy M. Lee
Senior Vice President, Government Affairs
National Office of State Government Affairs
November 20, 2014
For Escrow Officer Credit please email one time only the password, attendees names, and TDI Licensenumbers (if you have one) [email protected] for certificates (please dothis as soon as possible and make sure the correctspelling of the name(s) is included as to how it shouldappear on the certificate).
For this webinar, please include “Big Issues in theTexas Legislature” in the subject line of your e-mail.
Attorneys e-mail bar card number to the same e-mail forCLE credit.
Send to your training administrator if applicable.
ADDITIONAL HOUSEKEEPING INFORMATION
Because of recent opinions expressed by the Texas Insurance Department concerning rebates, legal credit is available only to attorneys who own title agencies which are Stewart Title Guaranty Agents, are employed by a title insurance agent licensed with Stewart Title Guaranty, or a Stewart entity. Fee attorneys who have an Escrow Officer license through a Stewart Title Agent or entity may also obtain CLE credit. We welcome any other lawyers to listen, but cannot provide continuing education credit to you. If you are claiming legal credit for this web conference, please provide in your email which category you are in. We regret any inconvenience but we must takereasonable steps to protect us and you from enforcement actions by the Texas Insurance Department.
Please put: Big Issues in the Texas Legislature in the suject line of your email
email to: [email protected]
11/20/2014
2
Big Issues in the Texas Legislature2014 Post Election Update and Analysis
Title Insurance 2015 Legislative AgendaPresented by:
Randy M. Lee
Senior Vice President, Government Affairs
National Office of State Government Affairs
November 20, 2014
Non-Partisan Disclaimer
(Just the facts ma’am)
Learning Objectives of Today’s Webinar Analysis
1. Impact and analysis of the recent Texas Elections2. The makeup of the Texas Legislature, the specific
concerns, issues, including title insurance, real estate, as well as broader issues which will compete with thetitle industries objectives
3. Brief overall snapshot of the National Election and the impact on our day to day business and operations
4. TLTA Legislative proposals• Correction Instruments• POA in Home Equity• Quit Claims• Mechanic’s Lien Laws
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Wipe Out!
Texas Election Day Wipe Out
• Every major statewide office has a newoffice holder
• 26 New House Members
• 8 New Senators (not including theupcoming special election)
• The Numbers
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2014 Election Analysis
• State of Texas
• Governor
• Other Statewide Elected Officials
• Judicial and Legal
• Proposition One
Lessons Learned
• All politics is local
• Social Media
• Hispanic Outreach
• The numbers were very much the sameacross the board
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Meet My Dog Rugeley!
• Rugeley wants to know . . . Did you govote on Election Day?
Why the Low Voter Turnout?
• Pattern in Texas since 1972, is generally 5%below the national average
• Voting culture in Texas is historically around30% - why?1. “My vote CAN make a difference vs. MAY make a
difference”
2. Gerrymandering
3. Increased voter registration actually favored the R’s,not the D’s (coalition of zombie voters)
4. The Pro’s said 2014 is not our year!
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Just The Facts Ma’am
• D’s registered new voters but the issues did not motivate• R’s figured out what motivates people out to the polls• Republican branding went a long way
1. Economics in Texas are good2. R’s far more sophisticated in ground game than let on3. Made election referendum on Obama, Border Security, Voter ID
• The issues that motivated D’s failed to reach outside their base
• The R’s used testimonial videos, conversations about thefuture, and benefited from lower voter turnout
• Last fact arguably, Wendy Davis lost women
Quick Look at the Most Powerful Man in State Government:
Dan Patrick
Quick Look at the Second Most Powerful Man in State Government:
Greg Abbott
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A Trend—or a Blip on the Radar?
2015 Texas Legislature
• Texas by the Numbers – The Big Issues– Transportation
– Water
– Education
– Everything Else
– Title Insurance
Overview
• Texas is the second fastest-growing state in the U.S.; growthconcentrated along I-35 Corridor, Houston, and the Rio Grande Valley
• By 2040 Texas projected to have 30.9 million residents (current 26 million)
• Texas is a minority-majority state (56%); by 2040 will be 64% (47% Hispanic)
• Texas has second largest state GDP (behind California) and grew 5.8% between 2011-12, outpacing every state but North Dakota
• Texas per capita income ranks 15th in the nation
• Texas is the nation’s leading energy-producing state
• Texas is the nation’s leading exporting state
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Texas Population Growth: 2014 to 2040
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
2014
2040
Texas Population by Ethnicity (2014)
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
<18 18-24 25-44 45-64 65+
Anglo
African-American
Hispanic
Other
Texas Population by Ethnicity (2040)
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
3,500,000
4,000,000
4,500,000
<18 18-24 25-44 45-64 65+
Anglo
African-American
Hispanic
Other
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Gross Domestic Product, Top Ten States(Millions of Current Dollars)
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
2012
2011
Texas GDP as Percentage of U.S. GDP(Millions of Current Dollars)
Top Energy Producing States(in Trillion BTUs)
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We’re #1! (or getting there)
• Most construction jobs added in last year (1st)
• Fastest growing cities: Austin (1st), Houston (2nd), Dallas (3rd), San Antonio (9th)
• Business climate (7th)
• Innovation and Technology (12th)
• Employment Rate (15th)
• Size of economy (2nd)
• Export Revenue (1st)
• Manufacturing as % of GSP (3rd)
• Agricultural Production (3rd)
Texas Leads Best States For Future Job Growth
• Since 2000, under RepublicanAdministrations and legislative control:– 2.1 million jobs added
– 30% of all jobs added in the U.S.
But not all the news is good news . . .
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We’re # 1? (or getting there)
• Executions (1st)• Child deaths by abuse
(1st)• Sentenced prisoners per
100,000 pop. (5th)• Rate and number of
uninsured (1st)• Teen pregnancy rate (3rd)• Highest obesity rate
(11th)
• Number of adults withouthigh school diplomas (1st)
• Rate of femalesmurdered by males (6th)
• Overall child well-being(44th)
• Poverty rate (11th)• Violent crime rate (18th)• High school football (1st)
But that’s not all . . .
It’s All About the Money on Every Issue
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Transportation Facts
• Over 300,000 miles of public roadways in Texas• In 2010, 2% of Texas roadways at end of design life (compounds
each year)• In 2010, 13% of bridge area at least 50 years of age; 15%
functionally obsolete in 2011; 3% structurally deficient in 2011 • In 2010, 18% of urban roads rated poor and 27% mediocre• Austin, Houston, and Dallas-Fort Worth among the worst congested
traffic areas in the U.S.• by 2019, it will take Texas drivers 50 extra hours to get to work, up
from 37 in 2010• In 2010, 7% of rural roads have high traffic volumes; by 2035, this
will rise to 25%• Congestion cost will rise from $11 to $30 billion by 2025
How Much Will It Cost To Fix?
• $54 billion by 2035 to upgrade pavements to2010 level
• $7 billion for bridge repair to maintain 2010 level
• Total cost to maintain 2010 levels of repair andmaintenance: $270 billion by 2030
• Current revenue stream will produce $100 billion
• November 2014 constitutional amendmentpassed and will send $1.75 billion to TxDot to fixsome of our highways
Running Dry: Current Texas Reservoir Levels
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Major Texas Aquifers
Projected Future Water Needs
Drought Impact on Public Water Supply Systems
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Demand vs. Supply
Water Funding Needs
• 2012 State Water Plan identifies $53 billion in capitalprojects and other expenditures necessary to meet demand by 2060, $29.1 billion of which is state financing
• In 2013 voters approved $2 billion in seed fundingfrom the Rainy Day Fund
• Cost of doing nothing estimated to be $116 billion peryear in lost income by 2060 and 1.1 million jobs
• If not funded, water supply will decrease to 45% ofcurrent demand level for more than 50% of Texans
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2015 Texas Legislature
Everything Else(but the kitchen sink)
For example, in the 83rd Texas Legislature:House Bills Filed 4,104Senate Bills Filed 1,986Total = 6,090
Bills tracked that may have affected Title Insurance 474
Title Insurance
• Correction Instruments
• Power of Attorney for Home Equity
• Quit Claims
• Mechanic’s Liens
How Do We Go Forward?
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• Establish clear and consistent policy principles,communicate them, and stick to them
• Work in good faith on a bipartisan basis to reconciledifferent approaches (avoid knee-jerk reactions)
• Be prepared to offer reasonable and constructivealternatives whenever possible
• Consider both short- and long-term impacts, bothfrom policy and political perspectives
• Stay in the game year in and year out
National Office of State Governmental Affairs
• OSGA formed November 1, 1987
• Stewart Lobby Team - Randy Lee/John Rothermel
• NOSGA – National Office of State GovernmentalAffairs 2010
• There Is A Lot Going On Both Inside and Outside OfTexas!
Access to Information in the National Regulatory/Legislative Arena
• Statenet: http://www.statenet.com (it’s free) weekly overview
• ALTA (KSE-Focus)
• Randy Lee – [email protected]
• John Rothermel – [email protected]
• CFPB Questions: Marvin Stone – [email protected]
Dawn Lewallen – [email protected]
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National (Federal) Involvement on the Title Insurance Business
ALTA – Available with your:
• Membership Dues to TLTA [email protected] (First, Last Name, e-mail, street address)
• Access to three conferences
• Title Action Network (TAN) –www.alta.org/tan
Now For Our Advertising
Stewart Trusted Provider Program
• As a Stewart Agent, take advantage of vetting and verification to lending customers
• Read April 19, 2013 in The Title Report.com (subscription service)
• http://www.stewart.com/cfpb/trusted-provider
• http://www.stewart.com/agency-services/stewart-trusted-providers
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TLTAFebruary 2 – 3, 2015
Austin, Texas
Legislative Day
Make Reservations Today!
• The first person to e-mail the correctanswer of the following Trivia Question toRandy Lee will receive a prize.
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Trivia Question
• What is the name of the group thatwrote and recorded the 1963 song“Wipe Out”?
• Please e-mail your answer [email protected]
THANK YOU! For Escrow Officer Credit, please email the password, attendees names, and
TDI License number (if you have one) to [email protected] for the certificate (please do this as soon as possible and make sure the e-mail includes the name(s) as it should appear on the certificate). Please be aware that due to TDI's strict policies on issuing credit, you must pay close attention to the password given at the end of the webinar as we are unable to give it out once the presentation has been terminated off of Webex.
For this webinar, please include “Big Issues in the Texas Legislature” in the subject line of your e-mail. Please make sure your request is submitted one time only. Submitting the same request multiple times and to multiple e-mail addresses will only delay the processing of your certificate.
Attorneys email bar card number to [email protected] for CLE credit. Next Texas TIPS Online December 18, 2014, “Search & Exam - Updated” by
John Rothermel. Questions/Comments? Email [email protected] Certificates will be e-mailed out within 5 business days of your request. Should
you not receive your certificate by the end of the 5th business day, feel free to contact us at that time.
At this time, the www.stewarttexas.com website is under construction and the materials may NOT be available within 5 business days of the webinar.
