Please put: Big Issues in the Texas Legislature in the suject line of your 11/20/ to:

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1 Please put: Big Issues in the Texas Legislature in the suject line of your to: Big Issues in the Texas Legislature 2014 Post Election Update and Analysis Title Insurance 2015 Legislative Agenda Presented by: Randy M. Lee Senior Vice President, Government Affairs National Office of State Government Affairs November 20, 2014 For Escrow Officer Credit please one time only the password, attendees names, and TDI License numbers (if you have one) to for certificates (please do this as soon as possible and make sure the correct spelling of the name(s) is included as to how it should appear on the certificate). For this webinar, please include Big Issues in the Texas Legislature in the subject line of your . Attorneys bar card number to the same for CLE 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 which category you are in. We regret any inconvenience but we must take reasonable steps to protect us and you from enforcement actions by the Texas Insurance Department. 1

2 Big Issues in the Texas Legislature 2014 Post Election Update and Analysis Title Insurance 2015 Legislative Agenda Presented 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 Elections 2. The makeup of the Texas Legislature, the specific concerns, issues, including title insurance, real estate, as well as broader issues which will compete with the title 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 2

3 Wipe Out! Texas Election Day Wipe Out Every major statewide office has a new office holder 26 New House Members 8 New Senators (not including the upcoming special election) The Numbers 3

One Lessons Learned All politics is local Social Media

4 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 same across the board 4

around 30% - why? 1. My vote CAN make a difference vs. MAY make a difference 2. Gerrymandering 3.

5 Meet My Dog Rugeley! Rugeley wants to know... Did you go vote 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 around 30% - 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! 5

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.

6 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 good 2. R s far more sophisticated in ground game than let on 3. 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 the future, 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 6

7 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.; growth concentrated 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 , outpacing every state but North Dakota Texas per capita income ranks 15 th in the nation Texas is the nation s leading energy-producing state Texas is the nation s leading exporting state 7

8 Texas Population Growth: 2014 to ,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000, Texas Population by Ethnicity (2014) 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, ,000 0 < Anglo African-American Hispanic Other Texas Population by Ethnicity (2040) 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, ,000 0 < Anglo African-American Hispanic Other 8

Gross Domestic Product, Top Ten States (Millions of Current Dollars) 2,500,000 2,000,000 1,500,000 1,000,000 500,000 2012

9 Gross Domestic Product, Top Ten States (Millions of Current Dollars) 2,500,000 2,000,000 1,500,000 1,000, , Texas GDP as Percentage of U.S. GDP (Millions of Current Dollars) Top Energy Producing States (in Trillion BTUs) 9

10 We re #1! (or getting there) Most construction jobs added in last year (1 st ) Fastest growing cities: Austin (1st), Houston (2nd), Dallas (3 rd ), San Antonio (9 th ) Business climate (7 th ) Innovation and Technology (12 th ) Employment Rate (15 th ) Size of economy (2nd) Export Revenue (1 st ) Manufacturing as % of GSP (3 rd ) Agricultural Production (3 rd ) Texas Leads Best States For Future Job Growth Since 2000, under Republican Administrations 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... 10

Rate of females Sentenced prisoners per murdered by males (6 th ) 100,000 pop.

11 We re # 1? (or getting there) Executions (1 st ) Number of adults without Child deaths by abuse high school diplomas (1 st ) (1 st ) Rate of females Sentenced prisoners per murdered by males (6 th ) 100,000 pop. (5 th ) Overall child well-being Rate and number of (44 th ) uninsured (1 st ) Poverty rate (11 th ) Teen pregnancy rate (3 rd ) Violent crime rate (18 th ) Highest obesity rate High school football (1 st ) (11 th ) But that s not all... It s All About the Money on Every Issue 11

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%

12 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 to 2010 level $7 billion for bridge repair to maintain 2010 level Total cost to maintain 2010 levels of repair and maintenance: $270 billion by 2030 Current revenue stream will produce $100 billion November 2014 constitutional amendment passed and will send $1.75 billion to TxDot to fix some of our highways Running Dry: Current Texas Reservoir Levels 12

13 Major Texas Aquifers Projected Future Water Needs Drought Impact on Public Water Supply Systems 13

14 Demand vs. Supply Water Funding Needs 2012 State Water Plan identifies $53 billion in capital projects 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 funding from the Rainy Day Fund Cost of doing nothing estimated to be $116 billion per year in lost income by 2060 and 1.1 million jobs If not funded, water supply will decrease to 45% of current demand level for more than 50% of Texans 14

tracked that may have affected Title Insurance 474 Title Insurance Correction

15 2015 Texas Legislature Everything Else (but the kitchen sink) For example, in the 83 rd Texas Legislature: House Bills Filed 4,104 Senate Bills Filed 1,986 Total = 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? 15

16 Establish clear and consistent policy principles, communicate them, and stick to them Work in good faith on a bipartisan basis to reconcile different approaches (avoid knee-jerk reactions) Be prepared to offer reasonable and constructive alternatives whenever possible Consider both short- and long-term impacts, both from 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 Governmental Affairs 2010 There Is A Lot Going On Both Inside and Outside Of Texas! Access to Information in the National Regulatory/Legislative Arena Statenet: (it s free) weekly overview ALTA (KSE-Focus) Randy Lee RLee@stewart.com John Rothermel John.Rothermel@stewart.com CFPB Questions: Marvin Stone MStone@stewart.com Dawn Lewallen Dalewallen@stewart.com 16

17 National (Federal) Involvement on the Title Insurance Business ALTA Available with your: Membership Dues to TLTA = membership@alta.org (First, Last Name, , street address) Access to three conferences Title Action Network (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)

18 TLTA February 2 3, 2015 Austin, Texas Legislative Day Make Reservations Today! The first person to the correct answer of the following Trivia Question to Randy Lee will receive a prize. RLee@stewart.com 18

Trivia Question What is the name of the group that wrote and recorded the 1963 song Wipe Out? Please e-mail your answer to Rlee@stewart.com THANK YOU!

19 Trivia Question What is the name of the group that wrote and recorded the 1963 song Wipe Out? Please your answer to THANK YOU! For Escrow Officer Credit, please the password, attendees names, and TDI License number (if you have one) to for the certificate (please do this as soon as possible and make sure the 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 . Please make sure your request is submitted one time only. Submitting the same request multiple times and to multiple addresses will only delay the processing of your certificate. Attorneys bar card number to for CLE credit. Next Texas TIPS Online December 18, 2014, Search & Exam - Updated by John Rothermel. Questions/Comments? john.rothermel@stewart.com Certificates will be ed out within 5 business days of your request. Should you not receive your certificate by the end of the 5 th business day, feel free to contact us at that time. At this time, the website is under construction and the materials may NOT be available within 5 business days of the webinar. 19

8/22/ ADDITIONAL HOUSEKEEPING INFORMATION. CFPB Update Presented by: Marvin Stone August 20, 2014

8/22/ ADDITIONAL HOUSEKEEPING INFORMATION. CFPB Update Presented by: Marvin Stone August 20, 2014 Please put: CFPB Online Presentation email: cecertificate@stewart.com in the subject line of your email CFPB Update Presented by: Marvin Stone August 20, 2014 For Escrow Officer Credit please email one