To amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments from annuities and similar payments of life insurance proceeds at dates later than death by taxing the income portion of such payments at capital gains rates.

Pension Reform - H.R.3622, H.R.3657, H.R.3840, H.R.3762, H.R.3669, S. 1838, S.1992 and S.1971; Investment Advice Legislation - H.R. 3762, H.R.3669, S.1978 and S.1677; Lifetime Annuity Payout proposal - H.R. 3320

Client expense: Not reported · Firm income: $800,000

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE

S. 676-- (Sen Hatch, Orrin G.)A bill to amend the Internal Revenue Code of 1986 to extend permanently the subpart F exemption for active financing income. S.795 -- (Thompson, Conrad) A bill to amend the Internal Tax Revenue Code of 1986 to allow tax consolidation of life insurance companies with other companies. S.992 -- (Nickles, Conrad) A bill to amend the Internal Revenue Code of 1986 to repeal the provision taxing policy holder dividends of mutual life insurance companies and to repeal the policyholders surplus account provisions. HR 3 – Economic Growth and Tax Relief Act of 2001. HR.661 --Life Insurance Tax Simplification Act of 2001 (Rep. Houghton, R-NY) A bill to repeal the provision taxing policyholder dividends of mutual life insurance companies and to repeal the policyholders surplus account provisions. HR. 1357-- (McCrery) To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. HR.1514 --Structured Settlement Protection Act (Rep. Shaw, R-FL) A bill to amend the Internal Revenue Code of 1986 to impose an excise tax on persons who acquire structured settlement payments in factoring transactions. HR.1675 --Internet Tax Nondiscrimination Act (Rep. Cox R-CA) A bill to permanently extend the moratorium enacted by the Internet Tax Freedom Act. HR.1755 --Reinsurance Tax Equity Act of 2001 (Rep. Johnson R-CT, Rep. Neal, D-GA) A bill to amend the Internal Revenue Code of 1986 to prevent the use of reinsurance with foreign persons to enable domestic nonlife insurance companies to evade U.S. income taxation. HR.1719 -- (Rep. Lewis D-GA) A bill to amend the Internal Revenue Code of 1986 to exclude United States savings bond income from gross income if used to pay long-term care expenses. HR.1836 --2001 Tax RELIEF Act H.R. 2884 – the Victims of Terrorism Tax Relief Act of 2001 – Provides tax relief to the victims and families hurt by the terrorist attacks of September 11. Provides tax clarification for insurers that provide structured settlements that may be subsequently factored. H.R. 3320 – the Lifetime Annuity Payout Act. – Imposes a lower tax rate on annuity benefits provided the payments are guaranteed for the life of the beneficiary. H.R. 3529 – The Economic Security and Worker Assistance Act of 2001 – Provides tax incentives intended to stimulate economic recovery. Contains three-year suspension of Sec. 809 and five-year extension of the active financing income exception from subpart F. H.R. 5166 – To simplify the Internal Revenue Code of 1906. Various tax issues governing life insurance products.

Client expense: $3,086,454 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of

S.992 -- (Nickles, Conrad) A bill to amend the Internal Revenue Code of 1986 to repeal the provision taxing policy holder dividends of mutual life insurance companies and to repeal the policyholders surplus account provisions. S. 676-- (Sen Hatch, Orrin G.)A bill to amend the Internal Revenue Code of 1986 to extend permanently the subpart F exemption for active financing income. S.795 -- (Thompson, Conrad) A bill to amend the Internal Tax Revenue Code of 1986 to allow tax consolidation of life insurance companies with other companies HR 3 – Economic Growth and Tax Relief Act of 2001 HR. 1357-- (McCrery) To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. HR.1836 --2001 Tax RELIEF Act HR.1755 --Reinsurance Tax Equity Act of 2001 (Rep. Johnson R-CT, Rep. Neal, D-GA) A bill to amend the Internal Revenue Code of 1986 to prevent the use of reinsurance with foreign persons to enable domestic nonlife insurance companies to evade U.S. income taxation. HR.1719 -- (Rep. Lewis D-GA) A bill to amend the Internal Revenue Code of 1986 to exclude United States savings bond income from gross income if used to pay long-term care expenses. HR.1675 --Internet Tax Nondiscrimination Act (Rep. Cox R-CA) A bill to permanently extend the moratorium enacted by the Internet Tax Freedom Act. HR.1514 --Structured Settlement Protection Act (Rep. Shaw, R-FL) A bill to amend the Internal Revenue Code of 1986 to impose an excise tax on persons who acquire structured settlement payments in factoring transactions. HR.661 --Life Insurance Tax Simplification Act of 2001 (Rep. Houghton, R-NY) A bill to repeal the provision taxing policyholder dividends of mutual life insurance companies and to repeal the policyholders surplus account provisions. H.R. 3529 – The Economic Security and Worker Assistance Act of 2001 – Provides tax incentives intended to stimulate economic recovery. Contains three-year suspension of Sec. 809 and five-year extension of the active financing income exception from subpart F. H.R. 2884 – the Victims of Terrorism Tax Relief Act of 2001 – Provides tax relief to the victims and families hurt by the terrorist attacks of September 11. Provides tax clarification for insurers that provide structured settlements that may be subsequently factored. H.R. 3320 – the Lifetime Annuity Payout Act. – Imposes a lower tax rate on annuity benefits provided the payments are guaranteed for the life of the beneficiary.

Client expense: $3,030,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of