Congressional Commission on Financial Accountability and Preparedness Act of 2009

General issues related to accounting and the accounting profession, including: HR 607 (To direct the SEC to issue guidance on the interpretation of fair value accounting); HR 768 (Commission on Financial Crisis Accountability Act of 2009); HR 1212 (To amend the Sarbanes-Oxley Act of 2002 to provide oversight of auditors of brokers and dealers by the Public Company Accounting Oversight Board, and for other purposes); HR 1349 (Federal Accounting Oversight Board Act of 2009); HR 1406 (Stock Market Recovery Act of 2009); HR 1754 / S 664 ((Financial System Stabilization and Reform Act of 2009)); HR 1797 (Compete Act of 2009); HR 1909 (To direct the SEC to suspend the application of mark-to-market accounting); HR 2111 (Congressional Commission on Financial Accountability and Preparedness Act of 2009); HR 2861 (Shareholder Empowerment Act of 2009); HR 3126 (Consumer Financial Protection Agency Act of 2009); HR 3346 (To amend the Sarbanes-Oxley Act of 2002 to permit the sharing of confidential supervisory information with foreign auditor oversight bodies); HR 4173 (Wall Street Reform and Consumer Protection Act of 2009); S 1074 (Shareholder Bill of Rights Act of 2009).

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

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

HR 977, HR 1754, HR 2111, HR 2253, HR 3126, HR 3269, HR 3300, HR 3310, HR 3996, HR 4142, HR 4173, HR 4149, HR 4516, HR 498, HR 74, HR 885, S 1354, S 1691, S 2746, S 2756, S 2813, S 298, S 3149, S 344, S 567, S 605, S 664, S 3127

Client expense: $1,490,000 · Firm income: Not reported

Government targets: Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

HR 4173 Wall Street Reform and Consumer Protection Act of 2009; Issue: all aspects impacting insurance regulation S. 3217 Restoring American Financial Stability Act of 2010; Issue: all aspects impacting insurance regulation HR 2554 National Association of Registered Agent and Brokers Reform Act; Issue:reducing costs and administrative difficulties associated with reciprocal licensing of multi-state insurance agents. We support this bill. HR 2609 Create a federal Office of Insurance Information; Issue: need for federal insurance expertise; scope of office HR 2571 and S 1363 Non-Admitted and Reinsurance Reform; Issue: need for reform for these insurance lines HR 2733/S 1389 - Fixed Indexed Annuities and Insurance Products Classification Act; Issue: clarify that certain annuity products are exempt from federal regulation HR 3817 Investor Protection Act - all aspects pertaining to the sale of financial products and the licensing of agents Other Financial Services Regulatory Reform bills, including: HR 1880 - The National Insurance Consumer Protection Act; HR 3396 Financial Stability Improvement Act; S 2756 Financial Services Systemic Risk Oversight Council Act; HR 3310 Consumer Protection and Regulatory Enhancement Act; HR 2253/S 298 Financial Markets Commission Act, S 664 and HR 1754 The Financial System Stabilization and Reform Act of 2009; HR 4191 Let Wall Street Pay for the Restoration of Main Street, HR 885/S 1354 Improved Financial and Commodity Markets Oversight and Accountability Act, S 1540 Resolution Reform Act, S 2813 Investor Rights and Corporate Accountability Act, HR 3269 Corporate and Financial Institution Compensation Fairness Act, HR 4142/S 2746 Too Big to Fail, Too Big to Exist Act, and HR 2111 Congressional Commission on Financial Accoutability and Preparedness Act; Issues on all above bills: all aspects of financial services regulatory reform affecting the insurance industry, including scope of Federal Insurance Office, consumer protection, systemic risk regulation, resolution authority, and funding mechanisms.

General monitoring of legislative discussions regarding reorganization of the financial services system, including the following bills: HR 768 (Commission on Financial Crisis Accountability Act of 2009); HR 1754 / S 664 (Financial System Stabilization and Reform Act of 2009); HR 1406 (Stock Market Recovery Act of 2009); HR 1797 (Compete Act of 2009); HR 2111 (Congressional Commission on Financial Accountability and Preparedness Act of 2009); HR 2861 (Shareholder Empowerment Act of 2009); HR 3126 (Consumer Financial Protection Agency Act of 2009); S 1074 (Shareholder Bill of Rights Act of 2009); S 1691 (Comprehensive Derivatives Regulation Act of 2009); HR 4173 (Wall Street Reform and Consumer Protection Act of 2009).

Client expense: $580,000 · Firm income: Not reported

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

HR 74, HR 498, HR 885, HR 977, HR 1754, HR 2111, HR 2253, HR 3126, HR 3269, HR 3300, HR 3310, HR 3996, HR 4142, HR 4173, HR 4191, HR 4516, S 298, S 344, S 605, S 664, S 1354, S 1691, S 2746, S 2756, S 2813

Client expense: $750,000 · Firm income: Not reported

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

Financial services regulatory reform overhaul H.R.1754-Financial System Stabilization and Reform Act of 2009 H.R.2111-Congressional Commission on Financial Accountability and Preparedness Act of 2009 Restoring American Financial Stability Act of 2010 H.R.3996-Financial Stability Improvement Act, provisions relating to systemic risk derivatives and the Consumer Financial Protection Agency S.664-Financial System Stabilization and Reform Act of 2009

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

HR 1880 - The National Insurance Consumer Protection Act; Issue: concerns about federal regulation of insurance S 664 and HR 1754 The Financial System Stabilization and Reform Act of 2009; Issue: continued role for state regulators HR 2554 National Association of Registered Agent and Brokers Reform Act; Issue:reducing costs and administrative difficulties associated with reciprocal licensing of multi-state insurance agents. We support this bill. HR 3396 Financial Stability Improvement Act; S 2756 Financial Services Systemic Risk Oversight Council Act; Issues: how to define systemic risk?, what size and type of company should be regulated by the Council? S. 3217 Restoring American Financial Stability Act of 2010 (Sen. Dodd) Issue: concerns over creation of a pre-event resolution fund; scope of new Office of National Insurance HR 2609 Create a federal Office of Insurance Information; Issue: need for federal insurance expertise HR 2571 and S 1363 Non-Admitted and Reinsurance Reform; Issue: need for reform for these insurance lines Financial Services Regulatory Reform bills, including HR 4173 Wall Street Reform and Consumer Protection Act of 2009, HR 3310 Consumer Protection and Regulatory Enhancement Act; HR 2253/S 298 Financial Markets Commission Act, HR 4191 Let Wall Street Pay for the Restoration of Main Street, HR 885/S 1354 Improved Financial and Commodity Markets Oversight and Accountability Act, HR 977 Derivatives Market Transparency and Accountability Act, HR 3300 Derivative Trading Accountability and Disclosure Act, S 1540 Resolution Reform Act, S 1691 Comprehensive Derivatives Regulation Act, S 2813 Investor Rights and Corporate Accountability Act HR 3269 Corporate and Financial Institution Compensation Fairness Act, HR 4142/S 2746 Too Big to Fail, Too Big to Exist Act, and HR 2111 Congressional Commission on Financial Accoutability and Preparedness Act; Issue: all aspects of financial services regulatory reform affecting the insurance industry HR 3817 Investor Protection Act - all aspects pertaining to the sale of financial products and the licensing of agents HR 2733/S 1389 - Fixed Indexed Annuities and Insurance Products Classification Act; Issue: clarify that certain annuity products are exempt from federal regulation S. 1297 Retirement Security for Life Act. Issue: Tax Incentives for Annuities HR 2748 Retirement Security Needs Lifetime Pay Act of 2009. Issue: Tax incentives for Annuities. NOT YET INTRODUCED Restrictions on insurers use of credit scoring; Issue: ability to continue to use an accurate predictor of insurance claims

HR 74, HR 498, HR 885, HR 977, HR 1754, HR 2111, HR 2253, S 298, S 344, S 567, S 605, S 664

Client expense: $907,076 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Justice, Dept of (DOJ), Natl Economic Council (NEC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

HR 74, HR 885, HR 977, HR 1754, HR 2111, HR 2253, HR 3126, HR 3269, HR 3300, HR 3310, HR 3996, HR 4142, HR 4173, HR 4191, S 298, S 344, S 567, S 605, S 664, S 1354, S 1691, S 2746, S 2756, S 2813

Client expense: $790,000 · Firm income: Not reported

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

Financial services regulatory reform overhaul H.R.1754-Financial System Stabilization and Reform Act of 2009 H.R.2111-Congressional Commission on Financial Accountability and Preparedness Act of 2009 H.R.3126-Consumer Financial Protection Agency Act of 2009 H.R.3996-Financial Stability Improvement Act, provisions relating to systemic risk derivatives and the Consumer Financial Protection Agency S.unknown-Restoring American Financial Stability, provisions relating to Consumer Financial Protection Agency

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

Proposals regarding financial regulatory reform- relating to consumer loans ( HR 4173, HR 1754, HR 399,HR 2111, S. 298, S. 664) The Consumer Financial Protection Agency Act of 2009 (HR 3126, HR 74, S 2756, S.566, S. 298); Derivatives Markets Transparency and Accountability Act of 2009 (HR 977, HR3300, S. 1691 and related legislative proposals) Financial System Stabilization and Reform Act of 2009 (HR 470, S. 664) Financial Literacy & Education Efforts Corporate and financial Institution Compensation Fairness Act of 2009 (HR 3269) Community Reinvestment Modernization Act (HR 1479) Ongoing Restructuring of GMAC pursuant to the Bank Holding Company Act

Client expense: $265,000 · Firm income: Not reported

Government targets: Federal Deposit Insurance Corporation (FDIC), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, SENATE

General monitoring of legislative discussions regarding reorganization of the financial services system, including the following bills: HR 768 (Commission on Financial Crisis Accountability Act of 2009); HR 1754 / S 664 (Financial System Stabilization and Reform Act of 2009); HR 1406 (Stock Market Recovery Act of 2009); HR 1797 (Compete Act of 2009); HR 2111 (Congressional Commission on Financial Accountability and Preparedness Act of 2009); HR 3126 (Consumer Financial Protection Agency Act of 2009); S 1691 (Comprehensive Derivatives Regulation Act of 2009); HR 4173 (Wall Street Reform and Consumer Protection Act of 2009).

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

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

HR 1880 - The National Insurance Consumer Protection Act; Issue: concerns about federal regulation of insurance S 664 and HR 1754 The Financial System Stabilization and Reform Act of 2009; Issue: continued role for state regulators HR 2554 National Association of Registered Agent and Brokers Reform Act; Issue:reducing costs and administrative difficulties associated with reciprocal licensing of multi-state insurance agents. We support this bill. HR 635 Establish National Commission on State Workers' Compensation Laws; Issue: Is there a need for this Commission? HR 3396 Financial Stability Improvement Act; S 2756 Financial Services Systemic Risk Oversight Council Act; Issue: how to define systemic risk?, what size and type of company should be regulated by the Council? concerns over creation of a pre-event resolution fund HR 2609 Create a federal Office of Insurance Information; Issue: need for federal insurance expertise HR 2571 and S 1363 Non-Admitted and Reinsurance Reform; Issue: need for reform for these insurance lines Financial Services Regulatory Reform bills, including HR 4173 Wall Street Reform and Consumer Protection Act of 2009, HR 3310 Consumer Protection and Regulatory Enhancement Act; HR 2253/S 298 Financial Markets Commission Act, HR 4191 Let Wall Street Pay for the Restoration of Main Street, HR 885/S 1354 Improved Financial and Commodity Markets Oversight and Accountability Act, HR 977 Derivatives Market Transparency and Accountability Act, HR 3300 Derivative Trading Accountability and Disclosure Act, S 1540 Resolution Reform Act, S 1691 Comprehensive Derivatives Regulation Act, S 2813 Investor Rights and Corporate Accountability Act HR 3269 Corporate and Financial Institution Compensation Fairness Act, HR 4142/S 2746 Too Big to Fail, Too Big to Exist Act, and HR 2111 Congressional Commission on Financial Accoutability and Preparedness Act; Issue: all aspects of financial services regulatory reform affecting the insurance industry HR 3817 Investor Protection Act - all aspects pertaining to the sale of financial products and the licensing of agents HR 2733/S 1389 - Fixed Indexed Annuities and Insurance Products Classification Act; Issue: clarify that certain annuity products are exempt from federal regulation NOT YET INTRODUCED Restrictions on insurers use of credit scoring; Issue: ability to continue to use an accurate predictor of insurance claims

Financial services regulatory reform overhaul H.R.1754-Financial System Stabilization adn Reform Act of 2009 H.R.2111-Congressional Commission on Financial Accountability and Preparedness Act of 2009 H.R.3126-Consumer Financial Protection Agency Act of 2009

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

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

HR 74, HR 498, HR 885, HR 977, HR 1754, HR 2111, HR 2253, HR 3126, HR 3269, HR 3310, S 298, S 344, S 605, S 664, S 1354, S 1691

Client expense: $994,527 · Firm income: Not reported

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

Proposals regarding financial regulatory reform- relating to consumer loans (HR 2253, HR 1754, HR 2111, S. 298, S. 664) The Consumer Financial Protection Agency Act of 2009 (HR 3126, HR 1705, S.566); Derivatives Markets Transparency and Accountability Act of 2009 (HR 977, S. 1691 and related legislative proposals) American Recovery and Reinvestment Act of 2009 (S.1); Financial System Stabilization and Reform Act of 2009 (S. 664) Financial Literacy & Education Efforts Corporate and financial Institution Compensation Fairness Act of 2009 (HR 3269) Community Reinvestment Modernization Act (HR 1479) Personal Data Privacy and Security Act of 2009 (S. 1490) Arbitration Fairness Act of 2009 (HR 1020) Ongoing Restructuring of GMAC pursuant to the Bank Holding Company Act

Client expense: $273,000 · Firm income: Not reported

Government targets: Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, SENATE

General monitoring of legislative discussions regarding reorganization of the financial services system, including the following bills: HR 768 (Commission on Financial Crisis Accountability Act of 2009); HR 1754 / S 664 (Financial System Stabilization and Reform Act of 2009); HR 1406 (Stock Market Recovery Act of 2009); HR 1797 (Compete Act of 2009); HR 2111 (Congressional Commission on Financial Accountability and Preparedness Act of 2009); HR 3126 (Consumer Financial Protection Agency Act of 2009); S 1691 (Comprehensive Derivatives Regulation Act of 2009).

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

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

HR 74, HR 498, HR 885, HR 977, HR 1754, HR 2111, HR 2253, S 298, S 344, S 567, S 605, S 664

Client expense: $907,076 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Justice, Dept of (DOJ), Natl Economic Council (NEC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

General issues related to accounting, including: HR 302 (To require the SEC to reinstate the uptick rule on short sales of securities); S 605 (A bill to require the Securities and Exchange Commission to reinstate the uptick rule and effectively regulate abusive short selling activities); HR 607 (To direct the SEC to issue guidance on the interpretation of fair value accounting); HR 768 (Commission on Financial Crisis Accountability Act of 2009); HR 2111 (Congressional Commission on Financial Accountability and Preparedness Act of 2009); HR 1212 (To amend the Sarbanes-Oxley Act of 2002 to provide oversight of auditors of brokers and dealers by the Public Company Accounting Oversight Board, and for other purposes); HR 1349 (Federal Accounting Oversight Board Act of 2009); H.R. 1406 (Stock Market Recovery Act of 2009); H.R. 1797 (Compete Act of 2009); HR 1909 (To direct the SEC to suspend the application of mark-to-market accounting); additional accounting issues related to mark to market accounting.

Client expense: $480,000 · Firm income: Not reported