To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services.

Meetings and calls with Members and staff of House and Senate Committees and agency officials concerning possible legislation and regulatory measures and Congressional studies affecting hedge funds and other alternative investments. H.R. 2834 To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. H.R. 2785 To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. H.R. 3501 To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness by organizations which are limited partners for purposes of the unrelated business income tax. H.R. 3923 To amend the Internal Revenue Code of 1986 to provide for the treatment of certain foreign nonqualified deferred compensation. H.R. 3996 To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. H.R. 3970 To amend the Internal Revenue Code of 1986 to provide additional tax relief to low and moderate income individuals, to repeal the individual alternative minimum tax, to reform the corporate income tax, and for other purposes. S. 55 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax S. 681 Stop Tax Haven Abuse Act S. 1624 To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services S. 2199 To amend the Internal Revenue Code of 1986 to provide for the treatment of certain foreign nonqualified deferred compensation. S. 2293 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax, and for other purposes. S. 2318 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax and to permanently extend the reductions in income tax rates, and for other purposes. Section 409A of the Internal Revenue Code H.R. 6049, the Renewable Energy and Job Creation Act of 2008 H.R.6275 Alternative Minimum Tax Relief Act of 2008

Client expense: $520,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Meetings and calls with Members and staff of House and Senate Committees and agency officials concerning possible legislation and regulatory measures and Congressional studies affecting hedge funds and other alternative investments. H.R. 2834 To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. H.R. 2785 To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. H.R. 3501 To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness by organizations which are limited partners for purposes of the unrelated business income tax. H.R. 3923 To amend the Internal Revenue Code of 1986 to provide for the treatment of certain foreign nonqualified deferred compensation. H.R. 3996 To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. H.R. 3970 To amend the Internal Revenue Code of 1986 to provide additional tax relief to low and moderate income individuals, to repeal the individual alternative minimum tax, to reform the corporate income tax, and for other purposes. S. 55 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax S. 681 Stop Tax Haven Abuse Act S. 1624 To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services S. 2199 To amend the Internal Revenue Code of 1986 to provide for the treatment of certain foreign nonqualified deferred compensation. S. 2293 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax, and for other purposes. S. 2318 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax and to permanently extend the reductions in income tax rates, and for other purposes. Section 409A of the Internal Revenue Code H.R. 6049, the Renewable Energy and Job Creation Act of 2008 H.R.6275 Alternative Minimum Tax Relief Act of 2008

Client expense: $680,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

S 1624, Tax Treatment of Publicly Traded Partnerships: taxation / Internal Revenue Code. HR 2834, Tax Treatment of Carried Interest: taxation / Internal Revenue Code.

Client expense: Not reported · Firm income: $90,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

PL 97-34, Tax Incentive Act of 10981, seeking technical corrections to the Tax Straddle Rules; HR 2834, to amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services, all provisions related to carried interest; HR 3996, Temporary Tax Relief Act of 2007, Title VI, all provisions related to carried interest.

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 4351, AMT Relief Act of 2007, issues related to revenue offsets; H.R. 3923 / S. 2199, Offshore Deferred Compensation Reform Act of 2007, to amend the IRC of '86 to provide for the treatment of certain foreign nonqualified deferred comp.; H.R. 2834, to amend the IRC of '86 to treat income received by partners for performing investment management services as ordinary income; H.R. 3970, Tax Reduction and Reform Act of 2007; H.R. 6049, the Renewable Energy & Job Creation Act; H.R. 3125, Energy Independence & Tax Relief Act; H.R. 6275, AMT Relief Act; H.R. 7060, the Renewable Energy & Job Creation Tax Act; H.R. 6049, the Renewable Energy & Job Creation Tax Act; H.R. 6899, Energy Tax Incentives Act: H.R. 6275, AMT Relief Act; S. 3335, Jobs, Energy, Families and Disaster Relief Act; H.R. 1424, Tax Extenders and AMT Relief Act; S. 3098, AMT & Extenders Tax Relief Act of 2008, issues related to revenue offsets.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S 1624 - A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships and corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment advisers and related asset management services - all provisions Monitor developing tax policy Item 16 continued HR 2834 - To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services - all provisions HR 6521 - The Federal Housing Finance Regulatory Reform Act of 2008 - provisions related to access to capital, urban workforce housing and Real Estate Investment Trusts HR 3321 - Housing and Economic Recovery Act of 208 - provisions relates to access to capital, urban workforce housing and Real Estate Investment Trusts HR 6725 - The Alternative Minimum Tax Relief Act of 2008 - provisions related to carried interests HR 1424 - The Emergency Economic Stabilization Act of 2008 - all provisions

Client expense: Not reported · Firm income: $50,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 2834 provisions related to tax treatment of carried interest for certain partnerships; S. 1624 provisions related to tax treatment of private equity funds that become publicly-traded partnerships

Client expense: Not reported · Firm income: $150,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

Senate Banking Committee oversight of private equity firms and consideration of legislation regarding same; H.R. 2834 provisions related to tax treatment of carried interest for certain partnerships; S. 1624 provisions related to tax treatment of private equity funds that become publicly-traded partnerships

Client expense: Not reported · Firm income: $150,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

H.R. 2834 provisions related to tax treatment of carried interest for certain partnerships; S. 1624 provisions related to tax treatment of private equity funds that become publicly-traded partnerships

Client expense: Not reported · Firm income: $150,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

Tax issues affecting private equity firms: S. 1624, H.R. 2834, H.R. 2785, H.R. 6275

Client expense: Not reported · Firm income: $150,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

House Financial Services committee oversight of private equity firms and consideration of legislation regarding same; H.R. 2834 provisions related to tax treatment of carried interest for certain partnerships; S. 1624 provisions related to tax treatment of private equity funds that become publicly-traded partnerships

Client expense: Not reported · Firm income: $150,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

S.1624, To amend the Internal Revenue Code in reference to publicly traded partnerships (PTP); HR.2834, To amend the Internal Revenue Code in reference to the treatment of interest income by PTPs; Proposals regarding the tax treatment of carried interest; Proposals regarding sovereign wealth funds; HR. 6275, Alternative Minimum Tax Relief Act of 2008; HR. 1424: Emergency Economic Stabilization Act of 2008; Proposals for financial regulatory reform.

Client expense: Not reported · Firm income: $80,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S.1624, To amend the Internal Revenue Code in reference to publicly traded partnerships (PTP); HR.2834, To amend the Internal Revenue Code in reference to the treatment of interest income by PTPs; Proposals regarding the tax treatment of carried interest; Proposals regarding sovereign wealth funds; HR. 6275, Alternative Minimum Tax Relief Act of 2008; HR. 1424: Emergency Economic Stabilization Act of 2008; Proposals for financial regulatory reform.

Client expense: Not reported · Firm income: $80,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S.1624, To amend the Internal Revenue Code in reference to publicly traded partnerships (PTP); HR.2834, To amend the Internal Revenue Code in reference to the treatment of interest income by PTPs; Proposals regarding the tax treatment of carried interest; HR. 6275, Alternative Minimum Tax Relief Act of 2008.

Client expense: Not reported · Firm income: $80,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

PL 97-34, Tax Incentive Act of 1981, seeking technical corrections to the Tax Straddle Rules; HR 2834, To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services, all provisions related to carried interest; HR 3996, Temporary Tax Relief Act of 2007, Title VI, all provisions related to carried interest

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC)

Taxation of publicly traded partnerships; S.1624; HR.2785; HR.2834.

Client expense: Not reported · Firm income: $60,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Taxation of carried interests (H.R.2834).

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Preserve publicly traded partnership status under Internal Revenue Code Section 7704(g) (e.g., S.1624, H.R.2785, H.R.2834); Carried interest provision in the AMT (e.g., H.R.3970, H.R.4351); S. 2886, Alternative Minimum Tax and Extenders Tax Relief Act of 2008; H.R. 6049, Energy and Tax Extenders Act of 2008; Technical clarification that offshore deferred compensation proposals do not apply to domestic financial publicly traded partnerships; H.R. 1424, Emergency Economic Stabalization Act of 2008.

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Meetings and calls with Members and staff of House and Senate Committees and agency officials concerning possible legislation and regulatory measures and Congressional studies affecting hedge funds and other alternative investments. H.R. 2834 To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. H.R. 2785 To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. H.R. 3501 To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness by organizations which are limited partners for purposes of the unrelated business income tax. H.R. 3923 To amend the Internal Revenue Code of 1986 to provide for the treatment of certain foreign nonqualified deferred compensation. H.R. 3996 To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. H.R. 3970 To amend the Internal Revenue Code of 1986 to provide additional tax relief to low and moderate income individuals, to repeal the individual alternative minimum tax, to reform the corporate income tax, and for other purposes. S. 55 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax S. 681 Stop Tax Haven Abuse Act S. 1624 To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services S. 2199 To amend the Internal Revenue Code of 1986 to provide for the treatment of certain foreign nonqualified deferred compensation. S. 2293 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax, and for other purposes. S. 2318 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax and to permanently extend the reductions in income tax rates, and for other purposes. Section 409A of the Internal Revenue Code H.R. 6049, the Renewable Energy and Job Creation Act of 2008 H.R.6275 Alternative Minimum Tax Relief Act of 2008

Client expense: $520,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Significant Tax Issues: Subpart f/BAT/SILO, S. 940, Subpart f Exemption H.R. 976, the Small Business Tax Relief Act of 2007 H.R. 2834, Carried Interest Income Bill H.R. 2776, the Renewable Energy and Energy Conservation Tax Act of 2007 Accountability Act of 2007, on tax changes on leasing, non-qualified deferred compensation, covered employees, deductibility of certain civil penalties and fines, the Energy Tax Bill (Senate Finance), and tax changes on leasing H.R. Tax Increase Prevention Act of 2007 H.R. 5267, Business Activity Tax Simplification Act H.R. 2365, tax practitioners for infringement of a patent for tax bill H.R. 2, the Fair Minimum Wage Act of 2007 Small Business and Work Opportunity Act of 2007 H.R. 1591, the US Troop Readiness, Veteran's Health, and Iraq;

Client expense: $1,600,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Council of Economic Advisers (CEA), Environmental Protection Agency (EPA), Farm Credit Administration, Federal Accounting Standards Advisory Board (FASAB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of Personnel Management (OPM), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), Patent & Trademark Office (PTO), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Trade Representative (USTR), White House Office

AML/Regulator Relief; H.R. 2829, Financial Services and General Government Appropriations Act of 2008; Credit Card/Interchange Fees; S. 1395, the Stop Unfair Practices in Credit Cards Act of 2007; S. 186, the Attorney-Client Privilege Protection Act of 2007; H.R. 323, the Seasoned Customer Exemption Act; H.R. 755, the Promoting Transparency in Financial Report Act of 2007; H.R. 5312, Automobile, Arbitration Fairness Act; H.R. 6126, Fairness in Nursing Home Arbitration Act of 2008; H.R. 3010 / S. 1782, the Arbitration Fairness Act; Retirement Security /Annuities; S.1725, the Restoring Pension Promises to Workers Act; S.1782 Arbitration Fairness Act of 2007; H.R. 3185; the 401(k) Fair Disclosure for Retirement Security Act of 2007; H.R. 2834, Carried Interest Income Bill; GSE Reform; H.R. 1427 Federal Housing Finance Reform Act of 2007; H.R. 7334, TARP Accountability Act of 2008 S. 3683, A bill to amend the Emergency Economic Stablization Act (EESA) S. 3731, Special Inspector General for the TARP Act 0f 2008 H.R. 732, the Worker, Retiree and Employer Recovery Act

Client expense: $1,600,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Council of Economic Advisers (CEA), Environmental Protection Agency (EPA), Farm Credit Administration, Federal Accounting Standards Advisory Board (FASAB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of Personnel Management (OPM), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), Patent & Trademark Office (PTO), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Trade Representative (USTR), White House Office

-S 1624: To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services, Regarding provisions concerning PTP and carried interest legislation. -HR 2834: To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services, Regarding provisions concerning PTP and carried interest legislation. -HR 2785: To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services, Regarding provisions concerning PTP and carried interest legislation. - HR 3996: Temporary Tax Relief Act of 2007, Regarding provisions concerning PTP and carried interest legislation. - HR 3970: Tax Reduction and Reform Act of 2007, Regarding provisions concerning PTP and carried interest legislation. - HR 6275: Alternative Minimum Tax Relief Act of 2008, Regarding provisions concerning PTP and carried interest legislation. - Legislative proposals regarding taxation of publically traded partnerships.

Client expense: Not reported · Firm income: $10,000

S. 601, the Simplification Through Additional Reporting Tax Act of 2007 S. 777, to repeal the imposition of withholding on certain payments made to vendors by government entities. S. 819, the Public Good IRA Rollover Act of 2007 - Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for certain charitable purposes. S. 940, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income (all provisions) S. 1624, A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. (all provisions) S. 1726, the Business Activity Tax Simplification Act (all provisions) S. 2394, the Good Government Contractor Act of 2007 (provision to repeal withholding requirement) S. 3063, the S Corporation Modernization Act S. 3254, the Small Bank Tax Equity Act S. 3335, the Jobs, Energy, Families, and Disaster Relief Act of 2008 (provisions to extend business-related tax provisions) H.R. 6, the Renewable Fuels, Consumer Protection, and Energy Efficiency Act of 2007 (S.Amdt. 1704, tax title provisions) H.R. 976, the Small Business Tax Relief Act of 2007 (all provisions) H.R. 1419, the Public Good IRA Rollover Act or 2007 - Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for certain charitable purposes. H.R. 1424, the Emergency Economic Stabilization Act H.R. 1509, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income (all provisions) H.R. 1677, the Taxpayer Protection Act of 2007 (refund anticipation loan provisions) H.R. 1023, to repeal the impositions of withholding on certain payments made to vendors by government entities. H.R. 2370, to amend the Internal Revenue Code of 1986 to provide for the establishment of financial security accounts for the care of family members with disabilities. H.R. 2834, to amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. H.R. 3056, the Tax Collection Responsibility Act of 2007 (all provisions) H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act H.R. 3648, the Mortgage Forgiveness Debt Relief Act of 2007 (all provisions) H.R. 3678, the Internet Tax Freedom Act Amendments Act of 2007 (all provisions) H.R. 3970, the Tax Reduction and Reform Act of 2007 (revenue offset provisions, including economic substance doctrine, cost basis reporting, and deferred compensation taxation) H.R. 3996, the Tax Increase Prevention Act of 2007 (mortgage debt forgiveness, revenue offset tax provisions) H.R. 3997, the Emergency Economic Stabilization Act H.R. 4351, the AMT Relief Act of 2007 (revenue offsets provisions on the economic substance doctrine, deferred offshore compensation for hedge fund managers, and interest expense allocation rules for multinational firms) H.R. 4840, the S Corporation Modernization Act (all provisions) H.R. 5267, the Business Activity Tax Simplification Act of 2008 (all provisions) H.R. 5720, the Housing Assistance Tax Act of 2008 (all provisions, including bond authority, tax credits, cost-basis reporting requirements, and IRS withholding requirements) H.R. 6049, the Renewable Energy and Job Creation Act of 2008 (tax extension provisions, including research and development tax credit, Subpart F and Section 355 (controlled foreign corporation) rules, new markets tax credit; revenue offsets including effective date of new interest expense allocation, changes to deferred compensation rules for managers of offshore hedge funds) H.R. 6275, the Alternative Minimum Tax Relief Act of 2008 (revenue offset provisions) H.R. 6333, the Municipal Bonds Market Support Act (all provisions) H.R. 6601, the Small Business Tax Modernization Act of 2008 (all provisions) H.R. 7060, the Renewable Energy and Job Creation Tax Act of 2008 (business tax provisions, revenue offsets) Draft Legislation to require Cost-Basis Reporting for Securities Credit Card Information Reporting Codification of the Economic Substance Doctrine Proposals to apply unrelated business income tax (UBIT) to credit unions Proposals on Estate and Gift Tax Reform Proposed Middle Class Job Security Act (corporate tax rate, net operating loss carry-back provisions) Proposed amendment to Section 67(e) tax deductibility of trustee fees Proposals to increase net operating loss carryback provisions Proposals to modify or eliminate Internal Revenue Service provisions (Notice 2008-83) affecting loss deductibility in bank mergers

Client expense: $1,930,000 · Firm income: Not reported

Government targets: Defense, Dept of (DOD), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Social Security Administration (SSA), Treasury, Dept of, White House Office

Proposals related to long-term care insurance, including S. 504, Long-Term Care Trust Account Act and S. 897, Alzheimer's Family Assistance Act and H.R. 3363/S. 2337, Long-term Care Affordability and Security Act. Proposals related to the tax treatment of carried interest, including H.R. 2834 and H.R. 3970 and H.R. 3996, and H.R. 6274; H.R. 1147/S. 2002, REIT Investment Diversification and Empowerment Act; H.R. 1424, Emregency Economic Stabiliation Act.

Client expense: Not reported · Firm income: $60,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Energy Advancement & Investment Act of 2007 H.R. 2834 / S. 1624 Carried Interest Legislation H.R. 6049 The Renewable Energy and Job Creation Act of 2008

Client expense: Not reported · Firm income: $50,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

H.R.32: To provide for a credit for certain health care benefits in determining the minimum wage. H.R.126: To amend the Internal Revenue Code of 1986 to allow loans from individual retirement plans for qualified small business capital assets. H.R.298: To amend the Internal Revenue Code of 1986 to allow amounts in a health flexible spending arrangement that are unused during a plan year to be carried over to the next plan year. H.R.527: To help American families save, invest, and build a better future, and for other purposes. H.R.640: To amend the Internal Revenue Code of 1986 to permit financial institutions to determine their interest expense deduction without regard to tax-exempt bonds issued to provide certain small loans for health care or educational purposes. H.R.666: To amend the Internal Revenue Code of 1986 to require that amounts paid for employer-provided coverage under accident or health plans be included on W-2 Forms. H.R.892: To establish and provide for the treatment of Individual Development Accounts, and for other purposes. H.R.1672: To amend the Internal Revenue Code of 1986 to deny qualified dividend income treatment to certain foreign dividends. H.R.1748: To amend the Internal Revenue Code of 1986 to expand workplace health incentives by equalizing the tax consequences of employee athletic facility use. H.R. 2163: to amend the Internal Revenue Code of 1986 to expand incentives for saving. H.R. 2205: 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 excluding from income a portion of such payments. H.R.2834: To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. H.R.3221: A bill to provide needed housing reform and for other purposes. H.R. 3475: to amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5 million, to adjust such amount for inflation, to repeal the one-year termination of the estate tax, and for other purposes. H.R. 3694: to amend the Internal Revenue Code of 1986 to provide corporate alternative minimum tax reform. H.R. 3717: to amend the Internal Revenue Code of 1986 to provide a tax credit to employers for the costs of implementing wellness programs, and for other purposes. H.R. 3923: to amend the Internal Revenue Code of 1986 to provide for the treatment of certain foreign nonqualified deferred compensation. H.R. 3947: to amend the Internal Revenue Code of 1986 to provide for a carryforward of unused benefits in health flexible spending arrangements. H.R. 3970: To amend the Internal Revenue Code of 1986 to provide additional tax relief to low and moderate income individuals, to repeal the individual alternative minimum tax, to reform the corporate income tax, and for other purposes. H.R. 3975: to amend the Internal Revenue Code of 1986 to provide a 100 percent deduction for the health insurance costs of individuals. H.R. 3996: to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. H.R. 4172: to amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3.5 million. H.R. 4195: to amend the Internal Revenue Code of 1986 to make technical corrections.H.R. 4235: to amend the Internal Revenue Code of 1986 to restore the estate tax, to repeal the carryover basis rule, to reduce estate tax rates by 20 percent, to increase the unified credit against estate and gift taxes to the equivalent of a $3 million exclusion and to provide an inflation adjustment of such amount, and for other purposes. H.R.5031: To amend the Internal Revenue Code of 1986 to extend relief from the alternative minimum tax. H.R.5105: To amend the Internal Revenue Code of 1986 to reduce taxes by providing an alternative determination of income tax liability for individuals, repealing the estate and gift taxes, reducing corporate income tax rates, reducing the maximum tax for individuals on capital gains and dividends to 10 percent, indexing the basis of assets for purposes of determining capital gain or loss, creating tax-free accounts for retirement savings, lifetime savings, and life skills, repealing the adjusted gross income threshold in the medical care deduction for individuals under age 65 who have no employer health coverage, and for other purposes. H.R.5455: To amend title 11 of the United States Code to make nondischargeable debts for personal injuries that result in permanent disability. H.R.5559: To amend the Internal Revenue Code of 1986 to allow individuals a deduction for qualified long-term care insurance premiums, use of such insurance under cafeteria plans and flexible spending arrangements, and a credit for individuals with long-term care needs. H.R.6049: To amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. H.R.6275: To amend the Internal Revenue Code of 1986 to provide individuals temporary relief from the alternative minimum tax, and for other purposes. H. R. 6499: To amend the Internal Revenue Code of 1986 to reform the estate and gift tax. H.R.6899: To advance the national security interests of the United States by reducing its dependency on oil through renewable and clean, alternative fuel technologies while building a bridge to the future through expanded access to Federal oil and natural gas resources, revising the relationship between the oil and gas industry and the consumers who own those resources and deserve a fair return from the development of publicly owned oil and gas, ending tax subsidies for large oil and gas companies, and facilitating energy efficiencies in the building, housing, and transportation sectors, and for other purposes. S.26: A bill to amend the Internal Revenue Code of 1986 to establish a program demonstrating multiple approaches to Lifelong Learning Accounts, which are portable, worker-owned savings accounts that can be used by workers to help finance education, training, and apprenticeships and which are intended to supplement both public and employer-provided education and training resources, and for other purposes. S.58: A bill to amend the Internal Revenue code of 1986 to repeal the reduction in the deductible portion of expenses for business meals and entertainment. S.96: A bill to amend the Internal Revenue Code of 1986 to ensure a fairer and simpler method of taxing controlled foreign corporations of United States shareholders, to treat certain foreign corporations managed and controlled in the United States as domestic corporations, to codify the economic substance doctrine, and to eliminate the top corporate income tax rate, and for other purposes. S.102: A bill to amend the Internal Revenue Code of 1986 to extend and expand relief from the alternative minimum tax and to repeal the extension of the lower rates for capital gains and dividends for 2009 and 2010. S.141: A bill to amend the Internal Revenue Code of 1986 to permanently increase the maximum annual contribution allowed to be made to Coverdell education savings accounts, and to provide for a deduction for contributions to education savings accounts. S.2239: to amend the Internal Revenue Code of 1986 to allow self-employed individuals to deduct health insurance costs in computing self-employment taxes. S.2374: to amend the Internal Revenue Code of 1986 to make technical corrections, and for other purposes. S.2547: A bill to amend the Internal Revenue Code of 1986 to reduce taxes by providing an alternative determination of income tax liability for individuals, repealing the estate and gift taxes, reducing corporate income tax rates, reducing the maximum tax for individuals on capital gains and dividends to 10 percent, indexing the basis of assets for purposes of determining capital gain or loss, creating tax-free accounts for retirement savings, lifetime savings, and life skills, repealing the adjusted gross income threshold in the medical care deduction for individuals under age 65 who have no employer health coverage, and for other purposes. S.2741: to amend the Internal Revenue Code of 1986 to provide for disability savings accounts. S.3049: To amend the Internal Revenue Code of 1986 to provide additional tax relief to low and moderate income individuals, to repeal the individual alternative minimum tax, to reform the corporate income tax, and for other purposes. S.3125: To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. S.3278: to amend the Internal Revenue Code of 1986 to provide that no loan may be made from a qualified employer plan using a credit card or other intermediary and to limit the number of loans that may be made from a qualified employer plan to a participant or beneficiary. S.3284: A bill to amend the Internal Revenue Code of 1986 to permanently extend the estate tax as in effect in 2009, and for other purposes. S.3335: A bill to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. S.3557: to encourage savings, promote financial literacy, and expand opportunities for young adults by establishing KIDS Accounts. S. 3717: to amend the Internal Revenue Code of 1986 to allow reimbursement from flexible spending accounts for certain dental products.

Client expense: $515,000 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Trade & Development Agency (USTDA), U.S. Trade Representative (USTR)

HR 6: CLEAN Energy Act, HR 3221: Renewable Energy and Conservation Act, HR 2776 Renewable Energy and Conservation Tax Act, HR 906; Global Change Research and Data Management Act, HR 364: Provide for Establishment of Advanced Research Projects Agency-Energy, HR 453: Ending Subsidies for Big Oil, HR 586: Energy Fairness for America Act HR 586: Energy Fairness for America Act, HR1252: Federal Price Gouging Prevention Act, HR 590: Safe Climate Act, HR 2834: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 905: To amend IRS Code of 1986 to eliminate taxable income limit on percentage depletion for oil and natural gas produced by marginal properties, S 103: Restore a Rational Rate on Petroleum Production Act, S 115: Oil SENSE Act, S133: American Fuels Act, S 2191: America's Climate Security Act of 2007, S 151: California Ocean and Coastal Protection Act, S 341: Energy Fairness for America Act, S 666: Oil Industry Tax Break Repeal Act, S 701: Strategic Energy Fund Act, S 761: America COMPETES Act, S 878: Oil Industry Merger Antitrust Enforcement Act, S 987: Biofuels for Energy Security and Transportation Act, S 1018: Global Climate Change Security Oversight Act, S 1497: Energy Independence Act, S 1504: To revalue the LIFO inventories of major integrated oil companies, S 1624: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 1766: Low Carbon Economy Act, S 280: Climate Stewardship and Innovation Act. S 485: Global Warming Reduction Act, HR 2421: Clean Water Restoration Act, S. 1870: Clean Water Restoration Act of 2007, HR 5351: Renewable Energy and Energy Conservation Tax Act of 2008, S. 3044: The Consumer-First Energy Actl; S. 3125 Energy Independence and Tax Relief Act of 2008; H.R. 7060 Renewable Energy and Job Creation Tax Act of 2008; S. 3335 Jobs, Energy, Families, and Disaster Relief Act of 2008; H.R.-6899 Comprehensive American Energy Security and Consumer Protection Act; H.R. 6049-Renewable Energy and Job Creation Act of 2008; S. 3268-Stop Excessive Energy Speculation Act of 2008; S. 3478-Energy Independence and Investment Act of 2008; HR 6251 - Responsible Federal Oil and Gas Lease Act; HR 6515 - Drill Responsibly in Leased Lands Act of 2008; HR 6604 - Commodity Markets Transparency and Accountability Act of 2008; HR 6709 - National Conservation, Environment, and Energy Independence Act; HR 6566 - American Energy Act; HR 6899 - Comprehensive American Energy Security and Consumer Protection Act; HR 1424 - Emergency Economic Stabilization Act of 2008; HR 7321-To repeal the exemption for hydraulic fracturing in the Safe Drinking Water Act, and for other purposes

Client expense: $563,036 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Labor, Dept of (DOL), Minerals Management Service, Natl Oceanic & Atmospheric Administration (NOAA), Natl Park Service (NPS), Office of Management & Budget (OMB), Pipeline & Hazardous Materials Safety Administration, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), U.S. Fish & Wildlife Service (USFWS), U.S. Forest Service, U.S. Geological Survey (USGS), White House Office

H.R. 2337: Energy Policy Reform and Revitalization Act, HR 1180: Western Waters & Farm Lands Protection Act, HR:902 More Water and More Energy Act, HR 6 CLEAN Energy Act, HR 3221: Renewable Energy and Conservation Act, HR 2776 Renewable Energy and Conservation Tax Act, HR 906; Global Change Research and Data Management Act, HR 364: Provide for Establishment of Advanced Research Projects Agency-Energy, HR 453: Ending Subsidies for Big Oil HR 586: Energy Fairness for America Act, HR1252: Federal Price Gouging Prevention Act, HR 590: Safe Climate Act, HR 2834: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 905: To amend IRS Code of 1986 to eliminate taxable income limit on percentage depletion for oil and natural gas produced by marginal properties, S 103: Restore a Rational Rate on Petroleum Production Act, S 115: Oil SENSE Act, S133: American Fuels Act, S 2191: America's Climate Security Act of 2007, S 151: California Ocean and Coastal Protection Act, S 341: Energy Fairness for America Act, S 666: Oil Industry Tax Break Repeal Act, S 701: Strategic Energy Fund Act, S 761: America COMPETES Act, S 878: Oil Industry Merger Antitrust Enforcement Act, S 987: Biofuels for Energy Security and Transportation Act, S 1018: Global Climate Change Security Oversight Act, S 1497: Energy Independence Act, S 1504: To revalue the LIFO inventories of major integrated oil companies, S 1624: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 1766: Low Carbon Economy Act, S 280: Climate Stewardship and Innovation Act. S 485: Global Warming Reduction Act, HR 2421: Clean Water Restoration Act, S. 1870: Clean Water Restoration Act of 2007, HR 5351: Renewable Energy and Energy Conservation Tax Act of 2008, HR 3058: Public Land Communities Transition Act of 2007, HR 6251: Responsible Federal Oil and Gas Lease Act, HR 6515: Drill Responsibly in Leased Lands Act of 2008, S. 3044: The Consumer-First Energy Act, H.R. 6049: Renewable Energy and Job Creation Act of 2008; H.R.-6899 Comprehensive American Energy Security and Consumer Protection Act; H.R. 6049-Renewable Energy and Job Creation Act of 2008; S. 3268-Stop Excessive Energy Speculation Act of 2008; S. 3478-Energy Independence and Investment Act of 2008; HR 6251 - Responsible Federal Oil and Gas Lease Act; HR 6515 - Drill Responsibly in Leased Lands Act of 2008; HR 6604 - Commodity Markets Transparency and Accountability Act of 2008; HR 6709 - National Conservation, Environment, and Energy Independence Act; HR 6566 - American Energy Act; HR 6899 - Comprehensive American Energy Security and Consumer Protection Act; HR 1424 - Emergency Economic Stabilization Act of 2008; HR 7321-To repeal the exemption for hydraulic fracturing in the Safe Drinking Water Act, and for other purposes

Client expense: $563,036 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Labor, Dept of (DOL), Minerals Management Service, Natl Oceanic & Atmospheric Administration (NOAA), Natl Park Service (NPS), Office of Management & Budget (OMB), Pipeline & Hazardous Materials Safety Administration, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), U.S. Fish & Wildlife Service (USFWS), U.S. Forest Service, U.S. Geological Survey (USGS), White House Office

HR 6: CLEAN Energy Act, HR 3221: Renewable Energy and Conservation Act, HR 2776 Renewable Energy and Conservation Tax Act, HR 906; Global Change Research and Data Management Act, HR 364: Provide for Establishment of Advanced Research Projects Agency-Energy, HR 453: Ending Subsidies for Big Oil, HR 586: Energy Fairness for America Act HR 586: Energy Fairness for America Act, HR1252: Federal Price Gouging Prevention Act, HR 590: Safe Climate Act, HR 2834: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 905: To amend IRS Code of 1986 to eliminate taxable income limit on percentage depletion for oil and natural gas produced by marginal properties, S 103: Restore a Rational Rate on Petroleum Production Act, S 115: Oil SENSE Act, S133: American Fuels Act, S 2191: America's Climate Security Act of 2007, S 151: California Ocean and Coastal Protection Act, S 341: Energy Fairness for America Act, S 666: Oil Industry Tax Break Repeal Act, S 701: Strategic Energy Fund Act, S 761: America COMPETES Act, S 878: Oil Industry Merger Antitrust Enforcement Act, S 987: Biofuels for Energy Security and Transportation Act, S 1018: Global Climate Change Security Oversight Act, S 1497: Energy Independence Act, S 1504: To revalue the LIFO inventories of major integrated oil companies, S 1624: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 1766: Low Carbon Economy Act, S 280: Climate Stewardship and Innovation Act. S 485: Global Warming Reduction Act, HR 2421: Clean Water Restoration Act, S. 1870: Clean Water Restoration Act of 2007, HR 5351: Renewable Energy and Energy Conservation Tax Act of 2008, S. 3044: The Consumer-First Energy Actl; S. 3125 Energy Independence and Tax Relief Act of 2008; H.R. 7060 Renewable Energy and Job Creation Tax Act of 2008; S. 3335 Jobs, Energy, Families, and Disaster Relief Act of 2008; H.R.-6899 Comprehensive American Energy Security and Consumer Protection Act; H.R. 6049-Renewable Energy and Job Creation Act of 2008; S. 3268-Stop Excessive Energy Speculation Act of 2008; S. 3478-Energy Independence and Investment Act of 2008; HR 6251 - Responsible Federal Oil and Gas Lease Act; HR 6515 - Drill Responsibly in Leased Lands Act of 2008; HR 6604 - Commodity Markets Transparency and Accountability Act of 2008; HR 6709 - National Conservation, Environment, and Energy Independence Act; HR 6566 - American Energy Act; HR 6899 - Comprehensive American Energy Security and Consumer Protection Act; HR 1424 - Emergency Economic Stabilization Act of 2008; HR 7321-To repeal the exemption for hydraulic fracturing in the Safe Drinking Water Act, and for other purposes

Client expense: $563,036 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Labor, Dept of (DOL), Minerals Management Service, Natl Oceanic & Atmospheric Administration (NOAA), Natl Park Service (NPS), Office of Management & Budget (OMB), Pipeline & Hazardous Materials Safety Administration, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), U.S. Fish & Wildlife Service (USFWS), U.S. Forest Service, U.S. Geological Survey (USGS), White House Office

HR 6: CLEAN Energy Act, HR 3221: Renewable Energy and Conservation Act, HR 2776 Renewable Energy and Conservation Tax Act, HR 906; Global Change Research and Data Management Act, HR 364: Provide for Establishment of Advanced Research Projects Agency-Energy, HR 453: Ending Subsidies for Big Oil, HR 586: Energy Fairness for America Act; HR 586: Energy Fairness for America Act, HR1252: Federal Price Gouging Prevention Act, HR 590: Safe Climate Act, HR 2834: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 905: To amend IRS Code of 1986 to eliminate taxable income limit on percentage depletion for oil and natural gas produced by marginal properties, S 103: Restore a Rational Rate on Petroleum Production Act, S 115: Oil SENSE Act, S133: American Fuels Act, S 2191: America's Climate Security Act of 2007, S 151: California Ocean and Coastal Protection Act, S 341: Energy Fairness for America Act, S 666: Oil Industry Tax Break Repeal Act, S 701: Strategic Energy Fund Act, S 761: America COMPETES Act, S 878: Oil Industry Merger Antitrust Enforcement Act, S 987: Biofuels for Energy Security and Transportation Act, S 1018: Global Climate Change Security Oversight Act, S 1497: Energy Independence Act, S 1504: To revalue the LIFO inventories of major integrated oil companies, S 1624: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 1766: Low Carbon Economy Act, S 280: Climate Stewardship and Innovation Act. S 485: Global Warming Reduction Act, HR 2421: Clean Water Restoration Act, S. 1870: Clean Water Restoration Act of 2007, HR 5351: Renewable Energy and Energy Conservation Tax Act of 2008, S. 3044: The Consumer-First Energy Actl; S. 3125 Energy Independence and Tax Relief Act of 2008; H.R. 7060 Renewable Energy and Job Creation Tax Act of 2008; S. 3335 Jobs, Energy, Families, and Disaster Relief Act of 2008; H.R.-6899 Comprehensive American Energy Security and Consumer Protection Act; H.R. 6049-Renewable Energy and Job Creation Act of 2008; S. 3268-Stop Excessive Energy Speculation Act of 2008; S. 3478-Energy Independence and Investment Act of 2008; HR 6251 - Responsible Federal Oil and Gas Lease Act; HR 6515 - Drill Responsibly in Leased Lands Act of 2008; HR 6604 - Commodity Markets Transparency and Accountability Act of 2008; HR 6709 - National Conservation, Environment, and Energy Independence Act; HR 6566 - American Energy Act; HR 6899 - Comprehensive American Energy Security and Consumer Protection Act; HR 1424 - Emergency Economic Stabilization Act of 2008

Client expense: $563,036 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Labor, Dept of (DOL), Minerals Management Service, Natl Oceanic & Atmospheric Administration (NOAA), Natl Park Service (NPS), Office of Management & Budget (OMB), Pipeline & Hazardous Materials Safety Administration, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), U.S. Fish & Wildlife Service (USFWS), U.S. Forest Service, U.S. Geological Survey (USGS), White House Office

HR 6: CLEAN Energy Act, HR 3221: Renewable Energy and Conservation Act, HR 2776 Renewable Energy and Conservation Tax Act, HR 906; Global Change Research and Data Management Act, HR 364: Provide for Establishment of Advanced Research Projects Agency-Energy, HR 453: Ending Subsidies for Big Oil, HR 586: Energy Fairness for America Act HR 586: Energy Fairness for America Act, HR1252: Federal Price Gouging Prevention Act, HR 590: Safe Climate Act, HR 2834: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 905: To amend IRS Code of 1986 to eliminate taxable income limit on percentage depletion for oil and natural gas produced by marginal properties, S 103: Restore a Rational Rate on Petroleum Production Act, S 115: Oil SENSE Act, S133: American Fuels Act, S 2191: America's Climate Security Act of 2007, S 151: California Ocean and Coastal Protection Act, S 341: Energy Fairness for America Act, S 666: Oil Industry Tax Break Repeal Act, S 701: Strategic Energy Fund Act, S 761: America COMPETES Act, S 878: Oil Industry Merger Antitrust Enforcement Act, S 987: Biofuels for Energy Security and Transportation Act, S 1018: Global Climate Change Security Oversight Act, S 1497: Energy Independence Act, S 1504: To revalue the LIFO inventories of major integrated oil companies, S 1624: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 1766: Low Carbon Economy Act, S 280: Climate Stewardship and Innovation Act. S 485: Global Warming Reduction Act, HR 2421: Clean Water Restoration Act, S. 1870: Clean Water Restoration Act of 2007, HR 5351: Renewable Energy and Energy Conservation Tax Act of 2008, S. 3044: The Consumer-First Energy Actl; S. 3125 Energy Independence and Tax Relief Act of 2008; H.R. 7060 Renewable Energy and Job Creation Tax Act of 2008; S. 3335 Jobs, Energy, Families, and Disaster Relief Act of 2008; H.R.-6899 Comprehensive American Energy Security and Consumer Protection Act; H.R. 6049-Renewable Energy and Job Creation Act of 2008; S. 3268-Stop Excessive Energy Speculation Act of 2008; S. 3478-Energy Independence and Investment Act of 2008; HR 6251 - Responsible Federal Oil and Gas Lease Act; HR 6515 - Drill Responsibly in Leased Lands Act of 2008; HR 6604 - Commodity Markets Transparency and Accountability Act of 2008; HR 6709 - National Conservation, Environment, and Energy Independence Act; HR 6566 - American Energy Act; HR 6899 - Comprehensive American Energy Security and Consumer Protection Act; HR 1424 - Emergency Economic Stabilization Act of 2008

Client expense: $563,036 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Labor, Dept of (DOL), Minerals Management Service, Natl Oceanic & Atmospheric Administration (NOAA), Natl Park Service (NPS), Office of Management & Budget (OMB), Pipeline & Hazardous Materials Safety Administration, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), U.S. Fish & Wildlife Service (USFWS), U.S. Forest Service, U.S. Geological Survey (USGS), White House Office

HR 6: CLEAN Energy Act, HR 3221: Renewable Energy and Conservation Act, HR 2776 Renewable Energy and Conservation Tax Act, HR 906; Global Change Research and Data Management Act, HR 364: Provide for Establishment of Advanced Research Projects Agency-Energy, HR 453: Ending Subsidies for Big Oil, HR 586: Energy Fairness for America Act HR 586: Energy Fairness for America Act, HR1252: Federal Price Gouging Prevention Act, HR 590: Safe Climate Act, HR 2834: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 905: To amend IRS Code of 1986 to eliminate taxable income limit on percentage depletion for oil and natural gas produced by marginal properties, S 103: Restore a Rational Rate on Petroleum Production Act, S 115: Oil SENSE Act, S133: American Fuels Act, S 2191: America's Climate Security Act of 2007, S 151: California Ocean and Coastal Protection Act, S 341: Energy Fairness for America Act, S 666: Oil Industry Tax Break Repeal Act, S 701: Strategic Energy Fund Act, S 761: America COMPETES Act, S 878: Oil Industry Merger Antitrust Enforcement Act, S 987: Biofuels for Energy Security and Transportation Act, S 1018: Global Climate Change Security Oversight Act, S 1497: Energy Independence Act, S 1504: To revalue the LIFO inventories of major integrated oil companies, S 1624: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 1766: Low Carbon Economy Act, S 280: Climate Stewardship and Innovation Act. S 485: Global Warming Reduction Act, HR 2421: Clean Water Restoration Act, S. 1870: Clean Water Restoration Act of 2007, HR 5351: Renewable Energy and Energy Conservation Tax Act of 2008, S. 3044: The Consumer-First Energy Actl; S. 3125 Energy Independence and Tax Relief Act of 2008; H.R. 7060 Renewable Energy and Job Creation Tax Act of 2008; S. 3335 Jobs, Energy, Families, and Disaster Relief Act of 2008; H.R.-6899 Comprehensive American Energy Security and Consumer Protection Act; H.R. 6049-Renewable Energy and Job Creation Act of 2008; S. 3268-Stop Excessive Energy Speculation Act of 2008; S. 3478-Energy Independence and Investment Act of 2008; HR 6251 - Responsible Federal Oil and Gas Lease Act; HR 6515 - Drill Responsibly in Leased Lands Act of 2008; HR 6604 - Commodity Markets Transparency and Accountability Act of 2008; HR 6709 - National Conservation, Environment, and Energy Independence Act; HR 6566 - American Energy Act; HR 6899 - Comprehensive American Energy Security and Consumer Protection Act; HR 1424 - Emergency Economic Stabilization Act of 2008; HR 7321-To repeal the exemption for hydraulic fracturing in the Safe Drinking Water Act, and for other purposes

Client expense: $563,036 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Labor, Dept of (DOL), Minerals Management Service, Natl Oceanic & Atmospheric Administration (NOAA), Natl Park Service (NPS), Office of Management & Budget (OMB), Pipeline & Hazardous Materials Safety Administration, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), U.S. Fish & Wildlife Service (USFWS), U.S. Forest Service, U.S. Geological Survey (USGS), White House Office

H.R. 4351, AMT Relief Act of 2007; H.R. 7060, the Renewable Energy & Job Creation Tax Act; S. 3335, Jobs, Energy, Families and Disaster Relief Act; H.R. 3997, Emergency Economic Stabilization Act of 2008; H.R. 1424, Tax Extenders & AMT Relief Act; S. 3098, AMT & Extenders Tax Relief Act of 2008; H.R. 6275, AMT Relief Act; H.R. 6049, the Renewable Energy & Job Creation Act, issues related to revenue offsets including deferred compensation; H.R. 3970, Tax Reduction and Reform Act of 2007; S. 1624, to amend the IRC to provide that the exception from the treatment of PTPs as corporations for partnerships with passive-type income....; H.R. 2834, to amend the IRC to treat income received by partners for performing services as ordinary income received for the performance of services; H.R. 6275, the Alternative Minimum Tax Relief Act; issues related to tax offsets and impact on insurance and financial services; S.940 / H.R. 1509, to make permanent the active financing exception; S. 2886, AMT & Extenders Tax Relief Act; S. 3125, Energy Independence & Tax Relief Act, issues related to extension of the active financing exception and revenue offsets.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Catastrophe Savings Accounts: S. 927 - Catastrophe Savings Accounts Act of 2007 H.R 1787 - Catastrophe Savings Accounts Act of 2007 Health Insurance Tax Deductions for Small Businesses: H.R. 3660 - Equity for Our Nation's Self Employed Act of 2007 S. 2339 - Equity for Our Nation's Self Employed Act of 2007 H.R. 914 - Tax Equity & Affordability Act of 2007 Alternative Minimum Tax: H.R. 1366/S. 55 - Individual Alternative Minimum Tax Repeal Act of 2007 H.R. 6275 - Alternative Minimum Tax Relief Act of 2008 H.R. 7005 - Alternative Minimum Tax Relief Act of 2008 Small Business Tax Deductions: H.R. 976 - Small Business Tax Relief Act of 2007 Tax Treatment of Passive Income from Partnerships: H.R. 2834 - To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. S. 1624 / H.R. 2785 - To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. Tax Treatment of Environmental Remediation Costs: H.R. 1753 - To amend the Internal Revenue Code of 1986 to make the expensing of environmental remediation costs permanent law and to repeal the recapture of such expenses under section 1245 of such Code. Taxation of Property Depreciation: H.R. 2014 - Leasehold Improvement Depreciation Act of 2007 Homeownership Tax Credits: S. 2566 - A bill to amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. Energy Tax Credits: H.R. 5351 - Renewable Energy and Energy Conservation Tax Act of 2008 H.R. 6049 - Energy and Tax Extenders Act of 2008

Client expense: $6,520,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Bureau of Land Management (BLM), Environmental Protection Agency (EPA), Farm Credit Administration, Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), Treasury, Dept of, U.S. Agency for International Development (USAID), Veterans Affairs, Dept of (VA), White House Office

H.R. 2834 and H.R. 3970, Tax Reduction and Reform Act of 2007, sections relating to carried interest; H.R. 6275, "Alternative Minimum Tax Relief Act of 2008," sections relating to carried interest

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Tax issues affecting private equity firms: S. 1624, H.R. 2834, H.R. 2785, H.R. 6275; tax issues regarding investment in certain debt securities

Client expense: Not reported · Firm income: $300,000

Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Tax issues affecting private equity firms; S. 1624, H.R. 2834, H.R. 2785, H.R. 6275

Client expense: Not reported · Firm income: $150,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

Proposals on Estate and Gift Tax Reform; Proposal to require cost-basis reporting; Elimination of Soft Dollars; HR 3915 the Mortgage Reform and Anti-Predatory Legacy Act of 2007 (all provisions); S2452, the Home Ownership Preservation and Protection Act of 2007(all provisions); List continues on Page 3. S.761, America Competes Act (Section 5007) H.R. 1171, Money Market Fund Parity Act of 2007 (all provisions) H.R. 3225, Mutual Fund Sec Reform Act (all provisions) S.1624, A bill to amend the Internal Revenue Code of 1986 to provide that the exception from treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services (all provisions) H.R. 2834, To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services (all provisions) H.R. 2761, Terrorism Risk Insurance Revision and Extension Act of 2007 H.R. 5720, Housing Assistance Tax Act of 2008 (all provisions) Municipal Securities Markets Mutual Recognition Regulatory Restructuring (Securities and Commodities Issues) H.R. 5715, Ensuring Continued Access to Student Loans Act of 2008 (all provisions) H.R. 1424, the Emergency Economic Stabilization Act of 2008 (all provisions including Treasury asset-purchase proposal, business tax provisions, FDIC coverage, SEC Rules, accounting provisions, revenue offsets, GSE preferred stock tax accounting rules, proposed bankruptcy provisions) H.R. 3997, the Emergency Economic Stabilization Act of 2008 (all provisions including Treasury asset-purchase proposal, business tax provisions, FDIC coverage, SEC Rules, accounting provisions, revenue offsets, GSE preferred stock tax accounting rules, proposed bankruptcy provisions) S. 2169 the Promoting Refinancing Opportunities for Mortgages Impacted by the Subprime Emergency Act of 2007 (all provisions) S. 2636 The Foreclosure Prevention Act of 2008 Proposals to address anticipated mortgage foreclosures Proposals to address predatory lending practices in the subprime mortgage market H.R. 6659 The Equal Treatment of Covered Bonds Act of 2008 S. 3268, The Commodity Markets Transparency and Accountability Act of 2008 H.R. 6604. the Commodity Markets Transparency and Accountability Act of 2008 H.R. 3691 A bill to Amend the Commodity Exchange Act to require reporting and record keeping for positions involving credit default swaps, to grow the Federal Reserve Board authority over investment-bank holding companies, and for other purposes.

Client expense: $16,950 · Firm income: Not reported

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

HR 2834; to amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Carried Interest Taxation - H.R. 2834, H.R. 3996 Extend Energy Efficiency Incentives Act - H.R. 1385 - S. 822 15 Year Leasehold Improvement Act - S. 1361, H.R. 2014 Environmental Clean-up Cost Expensing - H.R. 1753 REMIC Regulations Housing Stimulus Legislation - H.R. 5720 Renewable Energy Tax Act - H.R. 5351 Real Estate Investor Diversification and Empowerment Act Alternative Minimum Tax Relief - H.R. 6275

Client expense: $700,000 · Firm income: Not reported

Government targets: Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Communications Commission (FCC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Justice, Dept of (DOJ), Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

Carried Interest Tax Legislation and Provisions (HR 2834, S 1624)

Client expense: Not reported · Firm income: $60,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S 1624 - A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships and corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment advisers and related asset management services--see provisions Monitor developing tax policy Item 16 continued HR 2834 - To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services--see provisions HR 6521 - The Federal Housing Finance Regulatory Reform Act of 2008--provisions related to access to capital, urban workforce housing and Real Estate Investment Trusts HR 3321 - Housing and Economic Recovery Act of 208 - provisions relates to capital, urban workforce housing and Real Estate Investment Trusts HR 6725 - The Alternative Minimum Tax Relief Act of 2008 - provisions related on carried interests

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.1424, Emergency Economic Stabilization Act of 2008. H.R.6049, Renewable Energy and Job Creation Act of 2008 (Tax Extenders Act). Issues related to private equity and taxes. Issues related to Sovereign Wealth Funds. H.R.2834, To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services; issues related to carried interest tax treatment. S.1624, A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services; issues related to changes to publicly traded partnerships. H.R.3996, Temporary Tax Relief Act of 2007; issues related to the taxation of carried interest and publicly traded partnerships. H.R.4351, AMT Relief Act of 2007; issues related to the taxation of carried interest and publicly traded partnerships. S.2199/H.R.3923, Offshore Deferred Compensation Reform Act of 2007. Issues related to H.R.2419/S.2302, FARM Bill. Issues related to the FY09 Budget.

Client expense: Not reported · Firm income: $2,560,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

H.R. 4351, AMT Relief Act of 2007, issues related to revenue offsets; H.R. 3923 / S. 2199, Offshore Deferred Compensation Reform Act of 2007, to amend the IRC of '86 to provide for the treatment of certain foreign nonqualified deferred comp.; H.R. 2834, to amend the IRC of '86 to treat income received by partners for performing investment management services as ordinary income; H.R. 3970, Tax Reduction and Reform Act of 2007; H.R. 6049, the Renewable Energy & Job Creation Act; H.R. 3125, Energy Independence & Tax Relief Act; H.R. 6275, AMT Relief Act; H.R. 7060, the Renewable Energy & Job Creation Tax Act; H.R. 6049, the Renewable Energy & Job Creation Tax Act; H.R. 6899, Energy Tax Incentives Act: H.R. 6275, AMT Relief Act; S. 3335, Jobs, Energy, Families and Disaster Relief Act; H.R. 1424, Tax Extenders and AMT Relief Act; S. 3098, AMT & Extenders Tax Relief Act of 2008, issues related to revenue offsets.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE