Promoting Transparency in Financial Reporting Act of 2007

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. 869, the Compete Act of 2007 (all provisions) S. 1356, the Industrial Bank Holding Company Act of 2007 (all provisions) S. 2957, the Credit Union Regulatory Improvements Act (all provisions) H.Con. Res. 140, the Financial Services Diversity Initiative (all provisions) S. 3254, To amend the Internal Revenue Code of 1986 to allow banks to be taxed as limited liability companies, and for other purposes (all provisions) HR. 323, the Seasoned Customer CTR Exemption Act of 2007 (all provisions) H.R. 698, the Industrial Bank Holding Company Act of 2007 (all provisions) H.R. 755, the Promoting Transparency in Financial Reporting Act of 2007 (all provisions) H.R. 1171, the Money Market Fund Parity Act of 2007 (all provisions) H.R. 1257, the Shareholder Vote on Executive Compensation Act (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.1508, The COMPETE Act of 2007 (all provisions) H.R. 1537, the Credit Union Regulatory Improvements Act (all provisions) H.R. 1869, the Communities First Act (all provisions) H.R. 1967, the Financial Privacy Notice Relief Act of 2007 (all provisions) H.R. 2547, the FDIC Enforcement Enhancement Act (all provisions) H.R. 2727, the Small Business SOX Compliance Extension Act (all provisions) H.R. 3013, the Affordable Financial Services Enhancement Act (all provisions) H.R. 3997, the Emergency Economic Stabilization Act of 2008 (all provisions, including Treasury asset-purchase proposal, SEC rules, accounting provisions, GSE preferred stock tax accounting rules, proposed bankruptcy provisions) H.R. 4043, the Preserving and Expanding Minority Depository Institutions Act (all provisions) H.R. 5519, the Credit Union Regulatory Relief Act of 2008 (all provisions) H.R. 6312, the Credit Union, Bank, and Thrift Regulatory Relief Act of 2008 (all provisions) H.R. 6659, the Equal Treatment of Covered Bonds Act of 2008 (all provisions) Proposals regarding 500-shareholder threshold for SEC registration under Sarbanes-Oxley Acts Section 404 Banking Committee draft legislation on industrial loan company (ILC) regulation Regulation Z proposal intended to curb subprime mortgage abuses

Potential legislation relating to the rules of procedure and/or the technical activities of the Financial Accounting Foundation and the Financial Accounting Standards Board, including the following: H.R.755, The Promoting Transparency in Financial Reporting Act of 2007, H.R.5830, The FHA Housing Stabilization and Homeownership Retention Act of 2008, H.R. 6513, The Securities Act of 2008, and H.R. 1424, The Emergency Economic Stabilization Act of 2008.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Potential legislation relating to the rules of procedure and/or the technical activities of the Financial Accounting Foundation and the Financial Accounting Standards Board, including the following: H.R.755, The Promoting Transparency in Financial Reporting Act of 2007, H.R.5830, The FHA Housing Stabilization and Homeownership Retention Act of 2008, H.R. 6513, The Securities Act of 2008, and H.R. 1424, The Emergency Economic Stabilization Act of 2008.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1049-Amend Misinterpreted Excessive Regulation In Corporate America Act; H.R. 1508-Compete Act of 2007; H.R. 1550-The Regulatory Relief and Fairness Act; H.R. 1780-Small Business Securities Protection Act; H.R. 1869-Communities First Act; H.R. 2727-Small Business SOX Compliance Extension Act; S. 869-Compete Act of 2007; S. 1405-Communities First Act; H.R. 1424-Emergency Economic Stabilization Act of 2008; H.R. 7190-The Fair Value Accounting Standards Reform Act of 2008; International Financial Reporting Standards (IFRS); H.R. 755-Promoting Transparency in Financial Reporting Act of 2007; S. 834-Promoting Transparency in Financial Reporting Act of 2007; H.R. 7240-Bringing Accounting, Increased Liquidity, Oversight and Upholding Taxpayer Security Act of 2008; H.R. 7110-Job Creation and Unemployment Relief Act of 2008; HUD proposal to establish an Independent Public Accountant Roster

Client expense: $280,000 · Firm income: Not reported

H.R. 1049-Amend Misinterpreted Excessive Regulation In Corporate America Act; H.R. 1508-Compete Act of 2007; H.R. 1550-The Regulatory Relief and Fairness Act; H.R. 1780-Small Business Securities Protection Act; H.R. 1869-Communities First Act; H.R. 2727-Small Business SOX Compliance Extension Act; S. 869-Compete Act of 2007; S. 1405-Communities First Act; H.R. 1424-Emergency Economic Stabilization Act of 2008; H.R. 7190-The Fair Value Accounting Standards Reform Act of 2008; International Financial Reporting Standards (IFRS); H.R. 755-Promoting Transparency in Financial Reporting Act of 2007; S. 834-Promoting Transparency in Financial Reporting Act of 2007; HUD proposal to establish an Independent Public Accountant Roster.

Client expense: $340,000 · Firm income: Not reported

Government targets: Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), U.S. Immigration & Customs Enforcement (ICE)

Potential legislation relating to the rules of procedure and/or the technical activities of the Financial Accounting Foundation and the Financial Accounting Standards Board, including the following: H.R. 755, The Promoting Transparency in Financial Reporting Act of 2007, H.R. 5830, The FHA Housing Stabilization and Homeownership Retention Act of 2008, H.R. 6513, The Securities Act of 2008, and H.R. 1424, The Emergency Economic Stabilization Act of 2008.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Potential legislation relating to the rules of procedure and/or the technical activities of the Financial Accounting Foundation and the Financial Accounting Standards Board, including the following: H.R. 755, The Promoting Transparency in Financial Reporting Act of 2007, H.R. 5830, The FHA Housing Stabilization and Homeownership Retention Act of 2008, H.R. 6513, The Securities Act of 2008, and H.R. 1424, The Emergency Economic Stabilization Act of 2008.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Various issues regarding implementation of Sarbanes-Oxley Act and accounting related issues including: HR 755/S.834 "Promoting Transparency in Financial Reporting Act of 2007"; HR 1049 "Amend Misinterpreted Excessive Regulation in Corporate America Act"; HR 1424 "Emergency Economic Stabilization Act of 2008"; HR 1508/S.869 "Compete Act of 2007"; HR 1550/S.2703 "Regulatory Relief and Fairness Act"; HR 1780 "Small Business Securities Protection Act"; HR 1869/S.1405 "Communities First Act"; HR 2727 "Small Business SOX Compliance Extension Act"; HR 2829 " Financial Services and General Government Appropriations Act, 2008"; HR 6416 "Financial Institutions Compliance Simplification Act"; HR 7190 "Fair Value Accounting Standards Reform Act of 2008"

Client expense: $361,276 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

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; 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; 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 of 2008;

Client expense: $1,800,000 · Firm income: Not reported

S. 869, the Compete Act of 2007 (all provisions) S. 1356, the Industrial Bank Holding Company Act of 2007 (all provisions) S. 2957, the Credit Union Regulatory Improvements Act (all provisions) H.Con. Res. 140, the Financial Services Diversity Initiative (all provisions) S. 3254, To amend the Internal Revenue Code of 1986 to allow banks to be taxed as limited liability companies, and for other purposes (all provisions) HR. 323, the Seasoned Customer CTR Exemption Act of 2007 (all provisions) H.R. 698, the Industrial Bank Holding Company Act of 2007 (all provisions) H.R. 755, the Promoting Transparency in Financial Reporting Act of 2007 (all provisions) H.R. 1171, the Money Market Fund Parity Act of 2007 (all provisions) H.R. 1257, the Shareholder Vote on Executive Compensation Act (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.1508, the Compete Act of 2007 (all provisions) H.R. 1537, the Credit Union Regulatory Improvements Act (all provisions) H.R. 1869, the Communities First Act (all provisions) H.R. 1967, the Financial Privacy Notice Relief Act of 2007 (all provisions) H.R. 2547, the FDIC Enforcement Enhancement Act (all provisions) H.R. 2727, the Small Business SOX Compliance Extension Act (all provisions) H.R. 3013, the Affordable Financial Services Enhancement Act (all provisions) H.R. 3997, the Emergency Economic Stabilization Act of 2008 (all provisions, including Treasury asset-purchase proposal, SEC rules, accounting provisions, GSE preferred stock tax accounting rules, proposed bankruptcy provisions) H.R. 4043, the Preserving and Expanding Minority Depository Institutions Act (all provisions) H.R. 5519, the Credit Union Regulatory Relief Act of 2008 (all provisions) H.R. 6312, the Credit Union, Bank, and Thrift Regulatory Relief Act of 2008 (all provisions) H.R. 6659, the Equal Treatment of Covered Bonds Act of 2008 (all provisions) Proposals regarding 500-shareholder threshold for SEC registration under Sarbanes-Oxley Acts Section 404 Banking Committee draft legislation on industrial loan company (ILC) regulation Regulation Z proposal intended to curb subprime mortgage abuses

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; 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; 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;

Client expense: $1,860,000 · Firm income: Not reported

HR 755/S.834 "Promoting Transparency in Financial Reporting Act of 2007"; HR 1049 "Amend Misinterpreted Excessive Regulation in Corporate America Act"; HR 1550/S.2703 "Regulatory Relief and Fairness Act"; HR 1780 "Small Business Securities Protection Act"; HR 2727 "Small Business SOX Compliance Extension Act"; HR 6416 "Financial Institutions Compliance Simplification Act"; and accounting related issues including IFRS

Client expense: $617,400 · Firm income: Not reported

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

S. 869, the Compete Act of 2007 (all provisions) S. 1356, the Industrial Bank Holding Company Act of 2007 (all provisions) . 2957, the Credit Union Regulatory Improvements Act (all provisions) H.Con. Res. 140, the Financial Services Diversity Initiative (all provisions) HR. 323, the Seasoned Customer CTR Exemption Act of 2007 (all provisions) H.R. 698, the Industrial Bank Holding Company Act of 2007 (all provisions) H.R. 755, the Promoting Transparency in Financial Reporting Act of 2007 (all provisions) H.R. 1171, the Money Market Fund Parity Act of 2007 (all provisions) H.R. 1257, the Shareholder Vote on Executive Compensation Act (all provisions) H.R.1508, the Compete Act of 2007 (all provisions) H.R. 1537, the Credit Union Regulatory Improvements Act (all provisions) H.R. 1869, the Communities First Act (all provisions) H.R. 1967, the Financial Privacy Notice Relief Act of 2007 (all provisions) H.R. 2547, the FDIC Enforcement Enhancement Act (all provisions) H.R. 2727, the Small Business SOX Compliance Extension Act (all provisions) H.R. 3013, the Affordable Financial Services Enhancement Act (all provisions) H.R. 4043, the Preserving and Expanding Minority Depository Institutions Act (all provisions) H.R. 5519, the Credit Union Regulatory Relief Act of 2008 (all provisions) H.R. 6312, the Credit Union, Bank, and Thrift Regulatory Relief Act of 2008 (all provisions) Proposals regarding 500-shareholder threshold for SEC registration under Sarbanes-Oxley Acts Section 404 Banking Committee draft legislation on industrial loan company (ILC) regulation Regulation Z proposal intended to curb subprime mortgage abuses

Client expense: $1,890,000 · Firm income: Not reported

H.R. 1049-Amend Misinterpreted Excessive Regulation In Corporate America Act; H.R. 1508-Compete Act of 2007; S. 869-Compete Act of 2007; H.R. 1550-The Regulatory Relief and Fairness Act; H.R. 1780-Small Business Securities Protection Act; H.R. 2727-Small Business SOX Compliance Extension Act; H.R. 755-Promoting Transparency in Financial Reporting Act of 2007; H.R. 1869-Communities First Act; S. 834-Promoting Transparency in Financial Reporting Act of 2007; S. 1405-Communities First Act; H.R. 2829-Financial Services and General Government Appropriations Act, 2008; Fair Value Accounting; HUD proposal to establish an Independent Public Acountant Roster; International Financial Reporting Standards.

Client expense: $670,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), U.S. Immigration & Customs Enforcement (ICE), U.S. Trade Representative (USTR)

Potential leglislation relating to the rules of procedure and/or the technical activities of the Financial Accounting Foundation and the Financial Accounting Standards Board, including the following : H.R. 755, The Promoting Transparency in Financial Reporting Act of 2007, H.R. 5830, The FHA Housing Stabilization and Homeownership Retention Act of 2008, and the Securities Act of 2008 (a U.S. House of Representatives bill currently unnumbered)

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Potential leglislation relating to the rules of procedure and/or the technical activities of the Financial Accounting Foundation and the Financial Accounting Standards Board, including the following : H.R. 755, The Promoting Transparency in Financial Reporting Act of 2007, H.R. 5830, The FHA Housing Stabilization and Homeownership Retention Act of 2008, and The Securities Act of 2008 (a U.S. House Of Representatives bill currently unnumbered)

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 869, the Compete Act of 2007 (all provisions) S. 1356, the Industrial Bank Holding Company Act of 2007 (all provisions) H.Con. Res. 140, the Financial Services Diversity Initiative (all provisions) HR. 323, the Seasoned Customer CTR Exemption Act of 2007 (all provisions) H.R. 698, the Industrial Bank Holding Company Act of 2007 (all provisions) H.R. 755, the Promoting Transparency in Financial Reporting Act of 2007 (all provisions) H.R. 1171, the Money Market Fund Parity Act of 2007 (all provisions) H.R. 1257, the Shareholder Vote on Executive Compensation Act (all provisions) H.R.1508, the Compete Act of 2007 (all provisions) H.R. 1537, the Credit Union Regulatory Improvements Act (all provisions) H.R. 1869, the Communities First Act (all provisions) H.R. 1967, the Financial Privacy Notice Relief Act of 2007 (all provisions) H.R. 2547, the FDIC Enforcement Enhancement Act (all provisions) H.R. 2727, the Small Business SOX Compliance Extension Act (all provisions) H.R. 3013, the Affordable Financial Services Enhancement Act (all provisions) H.R. 4043, the Preserving and Expanding Minority Depository Institutions Act (all provisions) H.R. 5519, the Credit Union Regulatory Relief Act of 2008 (all provisions) Proposals regarding 500-shareholder threshold for SEC registration under Sarbanes-Oxley Acts Section 404 Banking Committee draft legislation on industrial loan company (ILC) regulation Regulation Z proposal intended to curb subprime mortgage abuses Regulatory improvements to the Community Reinvestment Act

Client expense: $2,220,000 · Firm income: Not reported

S. 869, the Compete Act of 2007 (all provisions) S. 1356, the Industrial Bank Holding Company Act of 2007 (all provisions) H.Con. Res. 140, the Financial Services Diversity Initiative (all provisions) HR. 323, the Seasoned Customer CTR Exemption Act of 2007 (all provisions) H.R. 698, the Industrial Bank Holding Company Act of 2007 (all provisions) H.R. 755, the Promoting Transparency in Financial Reporting Act of 2007 (all provisions) H.R. 1171, the Money Market Fund Parity Act of 2007 (all provisions) H.R. 1257, the Shareholder Vote on Executive Compensation Act (all provisions) H.R.1508, the Compete Act of 2007 (all provisions) H.R. 1537, the Credit Union Regulatory Improvements Act (all provisions) H.R. 1869, the Communities First Act (all provisions) H.R. 1967, the Financial Privacy Notice Relief Act of 2007 (all provisions) H.R. 2547, the FDIC Enforcement Enhancement Act (all provisions) H.R. 2727, the Small Business SOX Compliance Extension Act (all provisions) H.R. 3013, the Affordable Financial Services Enhancement Act (all provisions) H.R. 4043, the Preserving and Expanding Minority Depository Institutions Act (all provisions) H.R. 5519, the Credit Union Regulatory Relief Act of 2008 (all provisions) Proposals regarding 500-shareholder threshold for SEC registration under Sarbanes-Oxley Acts Section 404 Banking Committee draft legislation on industrial loan company (ILC) regulation Regulation Z proposal intended to curb subprime mortgage abuses Regulatory improvements to the Community Reinvestment Act

Client expense: $2,220,000 · Firm income: Not reported

H.R. 1049-Amend Misinterpreted Excessive Regulation In Corporate America Act, H.R. 1508-Compete Act of 2007, S. 869-Compete Act of 2007, H.R. 1550-The Regulatory Relief and Fairness Act, H.R. 1780-Small Business Securities Protection Act, H.R. 2727-Small Business SOX Compliance Extension Act, H.R. 755-Promoting Transparency in Financial Reporting Act of 2007, H.R. 1869-Communities First Act, S. 834-Promoting Transparency in Financial Reporting Act of 2007.

Client expense: $220,000 · Firm income: Not reported

S. 869, the Compete Act of 2007 (all provisions) S. 1356, the Industrial Bank Holding Company Act of 2007 (all provisions) H.Con. Res. 140, the Financial Services Diversity Initiative (all provisions) HR. 323, the Seasoned Customer CTR Exemption Act of 2007 (all provisions) H.R. 698, the Industrial Bank Holding Company Act of 2007 (all provisions) H.R. 755, the Promoting Transparency in Financial Reporting Act of 2007 (all provisions) H.R. 1171, the Money Market Fund Parity Act of 2007 (all provisions) H.R. 1257, the Shareholder Vote on Executive Compensation Act (all provisions) H.R.1508, the Compete Act of 2007 (all provisions) H.R. 1537, the Credit Union Regulatory Improvements Act (all provisions) H.R. 1869, the Communities First Act (all provisions) H.R. 1967, the Financial Privacy Notice Relief Act of 2007 (all provisions) H.R. 2547, the FDIC Enforcement Enhancement Act (all provisions) H.R. 2727, the Small Business SOX Compliance Extension Act (all provisions) H.R. 3013, the Affordable Financial Services Enhancement Act (all provisions) H.R. 4043, the Preserving and Expanding Minority Depository Institutions Act (all provisions) H.R. 5519, the Credit Union Regulatory Relief Act of 2008 (all provisions) Proposals regarding 500-shareholder threshold for SEC registration under Sarbanes-Oxley Acts Section 404 Banking Committee draft legislation on industrial loan company (ILC) regulation Regulation Z proposal intended to curb subprime mortgage abuses Regulatory improvements to the Community Reinvestment Act

Client expense: $2,220,000 · Firm income: Not reported

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; 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; 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

Client expense: $2,500,000 · Firm income: Not reported

HR 755 Transparency in Financial Reporting Act, provisions affecting Sarbanes-Oxley

Client expense: $660,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 755/S.834 "Promoting Transparency in Financial Reporting Act of 2007"; HR 1049 "Amend Misinterpreted Excessive Regulation in Corporate America Act"; HR 1550/S.2703 "Regulatory Relief and Fairness Act"; HR 1780 "Small Business Securities Protection Act"; HR 2727 "Small Business SOX Compliance Extension Act"; HR 6416 "Financial Institutions Compliance Simplification Act"; General monitoring of credit and liquidity issues

Client expense: $617,400 · Firm income: Not reported

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

H.R. 1049-Amend Misinterpreted Excessive Regulation In Corporate America Act, H.R.1508-Compete Act of 2007, H.R. 1550-The Regulatory Relief and Fairness Act, H.R. 1780-The Small Business Securities Protection Act, H.R. 2727-Small Business SOX Compliance Extension Act, H.R. 755-Promoting Transparency in Financial Reporting Act of 2007, H.R. 1869-Communities First Act, S. 834-The Promoting Transparency in Financial Reporting Act of 2007.

Client expense: $440,000 · Firm income: Not reported

Government targets: Bureau of Citizenship & Immigration Services (BCIS), Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), U.S. Trade Representative (USTR)

HR 755/S. 834 "Promoting Transparency in Financial Reporting Act of 2007"; HR 1049 "Amend Misinterpreted Excessive Regulation in Corporate America Act"; HR 1508/S. 869 "Compete Act of 2007"; HR 1780 "Small Business Securities Protection Act"; HR 1869/S. 1405 "Community Banks Serving their Communities First Act"; HR 2727 "Small Business SOX Compliance Extension Act"; HR 6416 "Financial Institutions Compliance Simplification Act"

Client expense: $1,103,420 · Firm income: Not reported

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

S 2856 Financial Services Relief Act of 2007 HR 755 Transparency in Financial Reporting Act

Client expense: $1,320,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR.1049 "Amend Misinterpreted Excessive Regulation in Corporate America Act"; HR.755/S.834 "Promoting Transparency in Financial Reporting Act of 2007"; HR.1508/S.869 "Compete Act of 2007"; HR.1780 "Small Business Securities Protection Act"; HR.6416 "Financial Institutions Compliance Simplification Act"; HR.1550 "Regulatory Relief & Fairness Act"; HR.2727 "Small Business SOX Compliance Extension Act"

Client expense: $1,337,060 · Firm income: Not reported

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

H.Con. Res. 140, the Financial Services Diversity Initiative. (all provisions) HR. 323, the Seasoned Customer CTR Exemption Act of 2007. (all provisions) H.R. 698, the Industrial Bank Holding Company Act of 2007. (all provisions) H.R. 755, the Promoting Transparency in Financial Reporting Act of 2007. (all provisions) H.R. 1171, the Money Market Fund Parity Act of 2007. (all provisions) H.R. 1257, the Shareholder Vote on Executive Compensation Act. (all provisions) H.R.1508, the Competitive and Open Markets that Protect and Enhance the Treatment of Entrepreneurs Act of 2007. (all provisions) H.R. 1537, the Credit Union Regulatory Improvements Act. (all provisions) H.R. 1869, the Communities First Act. (all provisions) H.R. 1967, the Financial Privacy Notice Relief Act of 2007. (all provisions) H.R. 2547, the FDIC Enforcement Enhancement Act. (all provisions) H.R. 2727, the Small Business SOX Compliance Extension Act. (all provisions) Proposals regarding 500-shareholder threshold for SEC registration under Sarbanes-Oxley Act’s Section 404. Proposals regarding Elimination of Soft Dollars. S. 869, the Competitive and Open Markets that Protect and Enhance the Treatment of Entrepreneurs Act of 2007. (all provisions) S. 1356, the Industrial Bank Holding Company Act of 2007. (all provisions)

Client expense: $2,640,000 · Firm income: Not reported

S 2856 Financial Services Regulatory Relief Act of 2007 HR 755 Transparency in Financial Reporting Act

Client expense: $1,320,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Also focused attention on the full implementation of the Sarbanes-Oxley statute that has the potential to create many financial burdens on small business entities such as rural communications providers. During the reporting period the association focused particular attention on the following: H.R. 755 - To require annual oral testimony before the Financial Services Commitee of the Chairperson or a designee of the Chairperson of the Securities and Exchange Commission, the Financial Accounting Standards Board, and the Public Company Accounting Oversight Board, relating to their efforts to promote transparency in financial reporting. H.R. 1194 - To amend the Internal Revenue Code of 1986 to repeal the excise tax on telephone and other communications services. S. 140 - To amend the Internal Revenue Code of 1986 to repeal the excise tax on telephone and other communications services. S. 170 - To amend the Internal Revenue Code of 1986 to repeal the excise tax on telephone and other communications services. Monitor and react to proposals tied to the federal excise tax on communicaitons which is unfairly applied to different communications services, the federal death tax, which inhibits the transfer of rural telcos and other rural assets to heirs, and other taxation initiatives that may help or hinder the operations of rural community based communications providers.

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

HR 5- College Student Relief Act of 2007 HR 41 - Repeal ban on interest on demand deposits HR 323 - Would establish a "seasoned customer" exemption from currency transaction reporting HR 556 - Foreign Investment Reform HR 698 - Industrial Bank Holding Company Act of 2007 HR 755 - Promoting Transparency in Financial Reporting Act HR 833 - Rural community bank taxation HR 835 - Hawaiian Homeownership Bill HR 873 - Credit Card Legislation HR 958 - Data Accountability and Trust Act HR 1066 - Retains the increased authority, while returning to the previous standard of allowing investments that promote the public welfare or that qualify under the Community Reinvestment Act. HR 1257 - Would give public company shareholders a nonbinding vote on executive pay plans and retirement packages HR 1314 Restricts the type of identification that financial institutions could use for opening accounts HR 1427 - Would create an independent regulatory for the house GSEs HR 1461 - Credit Card Legislation HR 1510 - Credit Card Legislation HR 1537 - Credit Union Regulatory Improvement Act HR 1685 - Data Security Legislation HR 1787 - Creates catastrophe savings accounts HR 1849 - Would expand credit union business lending HR 1967 - Would exempt financial institutions that do not share personal information with affiliates from the annual privacy notice requirements of the Gramm-Leach-Bliley Act HR 2146 - Credit Card legislation HR 2419 - Farm Credit System HR 2669 - Student Loan Legislation HR 2761 - Would extend the Terrorism Risk Insurance Act HR 2829 - Brokerage Plan HR 2911 - Debit Protection S 4 - Improving America's Security Act of 2007 S 495 - Data Security Legislation S 806 - Data Security Legislation S 927 - Creates catastrophe savings accounts

Client expense: $105,807 · Firm income: Not reported

H.R. 3185, the 401(k) Fair Disclosure for Retirement Security Act of 2007,H.R. 2834, Carried Interest Income Bill, Deposit Insurance Reform, H.R. 1066, the Depository Institution Community Development Investments Enhancement Act, CFIUS, H.R. 556, the National Security Foreign Investment Reform and Strengthened Transparency Act of 2007, GSE Reform, H.R. 1427, Federal Housing Finance Reform Act of 2007, H.R. 1427, the Federal Housing Finance Reform Act of 2007, S. 186, the Attorney-Client Privilege Protection Act of 2007, H.R. 323, the Seasoned Customer Exemption Act, H.R. 1508, the COMPETE Act of 2007, H.R. 755, the Promoting Transparency in Financial Reporting Act of 2007 AML/Regulatory Relief, H.R. 2829, Financial Services and General Government Appropriations Act, 2008 ,H.R. 3013, the Attorney-Client Privilege Protection Act of 2007, Credit Card/Interchange Fees, S. 1395, the Stop Unfair Practices in Credit Cards Act of 2007, Retirement Security/Annuities, S. 1725, the Restoring Pension Promises to Workers Act,

Client expense: $3,160,000 · Firm income: Not reported

Anti-money laundering, Regulatory Relief, H.R. 2829, Financial Services and General Government Appropriations Act, 2008, H.R. 3013, the Attorney-Client Privilege Protection Act of 2007, S. 1348, the Comprehensive Immigration Reform Act of 2007, S. 1639, the Comprehensive Immigration Reform Act of 2007, H.R. 2638, FY2008 Department of Homeland Security Appropriations Act, 2007 Farm Bill, S. 186, the Attorney-Client Privilege Protection Act of 2007, H.R. 323, the Seasoned Customer Exemption Act, H.R. 1508, the COMPETE Act of 2007, H.R. 755, the Promoting Transparency in Financial Reporting Act of 2007

Client expense: $3,160,000 · Firm income: Not reported