Market Transparency and Taxpayer Protection Act of 2011

H.R. 31 (The Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011); H.R. 1221 (The Equity in Government Compensation Act); H.R. 1222 (The GSE Subsidy Elimination Act); H.R. 1223 (The GSE Credit Risk Equitable Treatment Act); H.R. 1223 (GSE Credit Risk Equitable Treatment Act of 2011); H.R. 1224 (The Portfolio Risk Reduction Act); H.R. 1225 (The GSE Debt Issuance Approval Act); H.R. 1226 (The GSE Mission Improvement Act); H.R. 1227 (The GSE Risk and Activities Limitation Act); H.R. 1859 (Housing Finance Reform Act of 2011); H.R. 2413 (Secondary Market Facility for Residential Mortgages Act); H.R. 2425 (Transparency and Security in Mortgage Registration Act); H.R. 2428 (GSE Legal Fee Reduction Act); H.R. 2436 (Fannie Mae and Freddie Mac Taxpayer Payback Act); H.R. 2439 (Removing GSEs Charters During Receivership Act); H.R. 2440 (Market Transparency and Taxpayer Protection Act); H.R. 2441 (Housing Trust Fund Elimination Act); H.R. 2446 (RESPA Home Warranty Clarification Act); H.R. 2509 (Preserving Consumers' Mortgage Origination Choices Act); Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; Housing Affordability and Stability Plan; Housing finance reform; Servicing compensation; Credit Rating Agency Reform; Strategic plan for conservatorships of the GSEs.

Client expense: $1,400,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Ginnie Mae, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), Natl Economic Council (NEC), Natl Security Council (NSC), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

H.R. 4264, FHA Emergency Fiscal Solvency Act of 2012, H.R. 2440, Market Transparency and Taxpayer Protection Act of 2011: policy issues relating to housing finance and real estate investment trusts.

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Increase in Credit Union Lending Cap S2231 - Small Business Lending Enhancement Act of 2012 HR1418 - Small Business Lending Enhancement Act of 2011 Extension of Temporary SBA Programs HR366 - To provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958, and for other purposes HR2936 - Small Business Administration Express Loan Extension Act of 2011 Foreclosure Issues S170 - Helping Responsible Homeowners Act of 2011 S222 - Limiting Investor and Homeowner Loss in Foreclosure Act of 2010 HR430 - HAMP Repeal and Deficit Reduction Act of 2011 HR1131 - Preventing Homeowners from Foreclosure Act of 2011 HR1151 - Emergency Mortgage Relief and Neighborhood Stabilization Programs Cost Recoupment Act of 2011 HR839 - HAMP Termination Act of 2011 HR5940 - Preserving American Homeownership Act of 2012 S2080 - Keeping Families in their Home Act of 2012 GSE Modifications S693 - GSE Bailout Elimination and Taxpayer Protection Act S1834 - Residential Mortgage Market Privatization and Standardization Act S1963 - Mortgage Finance Act HR31 - Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011 HR463 - Fannie Mae and Freddie Mac Transparency Act of 2011 HR1182 - GSE Bailout Elimination and Taxpayer Protection Act HR1221 - Equity in Government Compensation Act of 2011 HR1222 - GSE Subsidy Elimination Act of 2011 HR1223 - GSE Credit Risk Equitable Treatment Act of 2011 HR1224 - GSE Portfolio Risk Reduction Act of 2011 HR1225 - GSE Debt Issuance Approval Act of 2011 HR1226 - GSE Mission Improvement Act of 2011 HR1227 - GSE Risk and Activities Limitation Act of 2011 HR1859 - Housing Finance Reform Act of 2011 HR 2413 - Secondary Market Facility for Residential Mortgages Act of 2011 HR2425 - Transparency and Security in Mortgage Registration Act of 2011 HR2428 - GSE Legal Fee Reduction Act of 2011 HR2436 - Fannie and Freddie Mac Taxpayer Payback Act of 2011 HR2439 - Removing GSEs Charters During Receivership Act HR2440 - Market Transparency and Taxpayer Protection Act HR2441- Housing Trust Fund Elimination Act HR2462 - Cap the GSE Bailout Act HR3644 - Private Mortgage Market Investment Act HR3733 - Affordable Mortgages for Homeowners Act of 2011 S3085 - Responsible Homeowners Refinancing Act S3520 - Rebuilding Equity Act of 2012 S3047 - Expanding Refinancing Opportunities Act of 2012 HR6429 - STEM Jobs Act of 2012 Changes to the Truth In Lending Act HR3849 - Preserving Access to Manufactured Housing Act Changes in Financial Market Regulations HR87 - A bill to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act HR1121 - Responsible Consumer Financial Protection Regulations Act of 2011 HR1723 - Common Sense Economic Recovery Act of 2011 HR2126 - Risk Retention Modernization Act of 2011 S967 - Regulation of Mortgage Servicing Act of 2011. S3589 - Mortgage Modification Outreach Act Changes to the Federal Reserve System S202 - Federal Reserve Transparency Act of 2011 HR459 - Federal Reserve Transparency Act of 2011 HR1094 - Federal Reserve Board Abolition Act Changes to GSE and FHA Loan Limits HR1754 - Preserving Equal Access to Mortgage Finance Programs Act S1508 - Homeownership Affordability Act of 2011 HR2508 - A bill to extend through fiscal year 2013 the increase in the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, and for other purposes. HR4323 - Consumer Mortgage Choice Act S3522 - The Responsible Homeowner Refinancing Act of 2012 Regulatory Oversight of Covered Bonds S1835 - United States Covered Bond Act of 2011 Improvement of Short Sale Process HR1498 - Prompt Decision for Qualification of Short Sale Act of 2011 S2120 - Prompt Notification of Short Sales Act HR6153 - Fast Help for Homeowners Act Changes to the Home Affordable Modification Program HR839 - to amend the Emergency Economic Stabilization Act of 2008 to terminate the authority of the secretary of the Treasury to provide new assistance under the Home Affordable Modification Program, while preserving assistance to homeowners who were already extended an offer to participate in the program, either on a trial or permanent basis; HRes170 - A resolution providing for consideration of the bill (HR 839) to amend the Emergency Economic Stabilization Act of 2008 to terminate the authority of the secretary of the Treasury to provide new assistance under the Home Affordable Modification Program, while preserving assistance to homeowners who were already extended an offer to participate in the program, either on a trial or permanent basis; and providing for consideration of the bill (HR 861) to rescind the third round of funding for the Neighborhood Stabilization Program and to terminate the program Oversight of Insured Depository Institutions HR2056 - A bill to instruct the Inspector General of the Federal Deposit Insurance Corporation to study the impact of insured depository institution failures, and for other purposes. Examinations of Depository Institutions HR3461 - Financial Institutions Examination Fairness and Reform Act Availability of Capital for Finance HR940 - United States Covered Bond Act of 2011 HJRes22 - Preserving Capitalism in America Amendment Discussions with the Securities and Exchange Commission (SEC) on lease accounting. Conversations with the Treasury Department on the Dodd-Frank Act, the Home Affordable Modification Program (HAMP), credit, and anti-money laundering guidelines. Discussions with the Federal Reserve on Dodd-Frank. Discussions with the FDIC on Basel III. Conversations with the Consumer Financial Protection Bureau (CFPB) on Dodd-Frank, Qualified Mortgage (QM) rules, RESPA/Truth in Lending Act (TILA), Loan Officer Compensation Rules, banking, and mortgage servicing. Conversations with the Federal Housing Finance Agency (FHFA) on Government Sponsored Enterprises (GSEs), short sales, housing programs lending, and bulk sales of foreclosed properties. Discussions with the Department of Housing and Urban Development (HUD) on the Federal Housing Administration and Qualified Residential Mortgages (QRMs). Discussions with the White House Economic Council regarding credit, Menendez-Boxer refinancing bill, refinancing programs, and "the fiscal cliff."

Client expense: $15,440,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), 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, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, Veterans Affairs, Dept of (VA), White House Office

PL111-203 Dodd Frank Wall Street Reform and Consumer Protection Act; specifically credit risk retention, systemic risk regulation, the Federal Insurance Office and derivatives regulation Administration Report to Congress: Reforming America's Housing Finance Market HR1222 GSE Subsidy Elimination Act HR1223 GSE Credit Risk and Equitable Treatment Act HR1224 GSE Portfolio Reduction Act HR1227 GSE Risk and Activities Limitation Act S693 GSE Bailout Elimination and Taxpayer Protection Act S712 Financial Takeover Repeal Act of 2011 HR 2441 Housing Trust Fund Elimination Act HR 463 Fannie Mae and Freddie Mac Transparency Act of 2011 HR 2436 Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 HR 2439 Removing GSEs Charter During Receivership Act of 2011 HR 2462 Cap the GSE Bailout Act of 2011 HR 2440 Market Transparency and Taxpayer Protection Act of 2011 FHA Reform FHA Loan Limits Fair Credit Reporting Act HR1963 Mortgage Finance Act of 2011 S1834 Residential Mortgage Privatization and Standardization Act of 2011 HR772 Extended Tax Relief for All Act of 2011 HR3630 Temporary Payroll Tax Cut Continuation Act of 2011 HR3743 Temporary Payroll Tax Cut Continuation Act of 2011 HR1018 To amend the Internal Revenue Code of 1986, to make permanant the deduction for mortgage insurance premiums HR4264 FHA Emergency Fiscal Solvency Act of 2012 S3085 Responsible Homeowner Refinancing Act of 2012

Client expense: $1,020,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), SENATE, Treasury, Dept of

Legislation: Regulatory environment affecting banks, including community banks; Debit Card Interchange Fee legislation (S.575, H.R.1081, H.R.3156); GSE legislation (H.R.1182, H.R.31, H.R.1221, H.R.1222,H.R.1223, H.R.1224, H.R.1225, H.R.1226, H.R.1227, H.R.2436, H.R.2441, H.R.2440, H.R.2462, H.R.463, H.R.2439); Mortgage Foreclosure Relief legislation (H.R.830, H.R.836, H.R.839, H.R.861) ; (Continued on next page) Legislation (cont'd.): Credit Union business lending (S.509, H.R.1418, S.2231); Internet Gambling Regulation (H.R.1174); Consumer Financial Protection Bureau Governance (H.R.1121, H.R.1315). Small Business Lending (S.493), Bankruptcy Legislation (S.222), National Flood Insurance Reform (H.R.1309, H.R.5740), Business Activity Tax Simplification Act (H.R. 1439), Executive Compensation (H.R. 1062), Covered Bonds (H.R.940), Patent Reform (H.R.1249), CFPB Appropriations Legislation. Information Security/Privacy (H.R.2577, H.R.3035, S.1151, S.1408, S.1434, S.1535), Deficit Reduction, American Jobs Act, Regulatory Freeze for Jobs Act (H.R.4078), Appropriation Legislation, Patent Office Reform (H.R.1249). Fannie Mae/Freddie Mac/FHA Fees (H.R. 3765); Flood Insurance Reform & Extension (H.R.2608, HJ Res. 94, HJ Res. 95, H.R.2055, H.R.3671, S.1958); Bank & Corporate Governance (H.R. 1965, S.556, S.1941,H.R.2940, H.R.2930); SEC Registration Threshold (H.R.2167, HR.1070); Sarbanes-Oxley Auditor Requirements (H.R.3213); Restoration of Fannie Mae/Freddie Mac/FHA Higher Loan Limits (Amendment to Ag Appropriations bill); Bank Examination Fairness (H.R.3461,S.2160); Bank Failure Study Legislation (H.R.2056); Federal Tax on Larger Financial Institutions; Credit Union Capital (H.R.3993); Amendment on non-resident alien interest reporting; The JOBS Act - H.R.3606; Municipal Advisor Exemption - H.R.2827; CFPB Confidential Information Protection - H.R.4014; ATM Signage (H.R.4367, S.3204); Transportation; Treasury; Student Loan Appropriations (H.R.4348); Heightened Regulatory Capital Requirements, including the Collins amendment (H.R.3128); protection of privileged information provided to CFPB (S.3204); Mutual mortgage insurance fund (H.R.4264); definition of municipal advisor (H.R.2827); loan guarantees & eminent domain (H.R.6397); TAG extension bill (S.3637); Annual Privacy Notice requirement limits (H.R.5817); CFPB privileged information (H.R. 4014); ATM placard requirements (H.R. 4367). Regulation: Fed. Reg. B (Equal Credit Opportunity) Rules, Fed and FDIC Orderly Resolution Regulations for Systemically Significant Companies, Fin CEN Bank Secrecy Act reporting requirements, General Obligation Bonds, Thrift institution regulation and reporting transfer to OCC and Fed, FASB Auditor Independence Rules, OCC Guidance on Deposit-Related Consumer Credit Products, Fed, FDIC and OCC Retail Foreign Exchange Rules, Regulation Q, Fed and FTC Credit Score Disclosure Rules, OCC Foreclosure Guidance. FDIC Assessment, Base & Rate Regulation; Registration of Mortgage Loan Originators; Federal Reserve Regulation II - debit card interchange fee regulation; SEC registration of municipal advisor regulation; FDIC Interest on Lawyer Account deposit insurance coverage regulation; FASB Mark to Market Accounting; shareholder executive compensation rules; FASB lease accounting rules; FASB impairment of financial asset rules; mortgage disclosure regulation; regulatory burden relief; federal garnishment rules; Federal Home Loan Bank system membership; Credit Card Act implementation; Regulation Z (Truth-in-Lending) amendments; Payment Settlement Entity Reporting; Interest on Non-Resident Alien Account Reporting; Credit Risk Retention Regulation. FDIC and OCC Overdraft and Bank Product Guidance, Repeal of Reg. Q, FHFA Rules on purchase of housing cooperative loans, IRS Guidance on Trust Commissions, Fed Savings and Loan Holding Company Regulation, Fed Remittance Transfer Proposal, National bank preemption, Risk-based capital requirements, CFPB Regulations. Home Mortgage Disclosure Act Reporting of Assignments in lieu of Mortgage Discharge (Reg C); Restrictions on Bank Proprietary Trading (Volcker Rule); Acquisitions of non-systemically significant financial institutions; Flood Insurance Guidance; Treasury Home Affordable Refinance Program; Examiner Treatment of New York State and Local Government Securities; CFPB Credit Card Disclosures; CFPB Deposit Account Disclosures; CFPB Mortgage Disclosures; Enhanced Regulation of large bank holding companies and non-bank firms. Patent and Trademark Reform Regulatory Implementation; Regulations Implementing the Dodd-Frank Act; Stress Test Regulations; Allowance for Loan and Lease Losses (ALLL); Servicing and Foreclosure Guidance and Regulations; Home Loan Bank Member Supervision; CFPB Streamlined Regulations Project; CFPB Regulations on Privileged Information; Qualified Mortgage Safe Harbor; Extension of the TAG Program; Regulations implementing higher capital standards including the market risk capital final rule and 3 proposed rules under Basel III; CFPB proposed regulations on "high cost" mortgage definition; CFPB final and proposed rules on swaps; Federal Reserve rule on fraud prevention adjustments for debit card issuers; CFPB mortgage servicing rules and appraisal requirement rules; CFPB mortgage loan option rule; CFPB proposal on telephone surveys for short-form credit card agreements; OCC rule on the short-term investment fund (STIF); Financial Crimes Enforcement Network advisory on Suspicious Activity Reports; federal regulators guidance on natural disasters; FSOC proposals on Money Market Mutual Funds; CFPB procedures for examiners regarding student lending.

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

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Natl Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), Patent & Trademark Office (PTO), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of

Legislation: Regulatory environment affecting banks, including community banks; Debit Card Interchange Fee legislation (S.575, H.R.1081, H.R.3156); GSE legislation (H.R.1182, H.R.31, H.R.1221, H.R.1222,H.R.1223, H.R.1224, H.R.1225, H.R.1226, H.R.1227, H.R.2436, H.R.2441, H.R.2440, H.R.2462, H.R.463, H.R.2439); Mortgage Foreclosure Relief legislation (H.R.830, H.R.836, H.R.839, H.R.861) ; (Continued on next page) Legislation (cont'd.): Credit Union business lending (S.509, H.R.1418, S.2231); Internet Gambling Regulation (H.R.1174); Consumer Financial Protection Bureau Governance (H.R.1121, H.R.1315). Small Business Lending (S.493), Bankruptcy Legislation (S.222), National Flood Insurance Reform (H.R.1309, H.R.5740), Business Activity Tax Simplification Act (H.R. 1439), Executive Compensation (H.R. 1062), Covered Bonds (H.R.940), Patent Reform (H.R.1249), CFPB Appropriations Legislation. Information Security/Privacy (H.R.2577, H.R.3035, S.1151, S.1408, S.1434, S.1535), Deficit Reduction, American Jobs Act, Regulatory Freeze for Jobs Act (H.R.4078), Appropriation Legislation, Patent Office Reform (H.R.1249). Fannie Mae/Freddie Mac/FHA Fees (H.R. 3765); Flood Insurance Reform & Extension (H.R.2608, HJ Res. 94, HJ Res. 95, H.R.2055, H.R.3671, S.1958); Bank & Corporate Governance (H.R. 1965, S.556, S.1941,H.R.2940, H.R.2930); SEC Registration Threshold (H.R.2167, HR.1070); Sarbanes-Oxley Auditor Requirements (H.R.3213); Restoration of Fannie Mae/Freddie Mac/FHA Higher Loan Limits (Amendment to Ag Appropriations bill); Bank Examination Fairness (H.R.3461,S.2160); Bank Failure Study Legislation (H.R.2056); Federal Tax on Larger Financial Institutions; Credit Union Capital (H.R.3993); Amendment on non-resident alien interest reporting; The JOBS Act - H.R.3606; Municipal Advisor Exemption - H.R.2827; CFPB Confidential Information Protection - H.R.4014; ATM Signage (H.R.4367, S.3204); Transportation; Treasury; Student Loan Appropriations (H.R.4348); Heightened Regulatory Capital Requirements, including the Collins amendment (H.R.3128); protection of privileged information provided to CFPB (S.3204); Mutual mortgage insurance fund (H.R.4264); definition of municipal advisor (H.R.2827); loan guarantees & eminent domain (H.R.6397). Regulation: Fed. Reg. B (Equal Credit Opportunity) Rules, Fed and FDIC Orderly Resolution Regulations for Systemically Significant Companies, Fin CEN Bank Secrecy Act reporting requirements, General Obligation Bonds, Thrift institution regulation and reporting transfer to OCC and Fed, FASB Auditor Independence Rules, OCC Guidance on Deposit-Related Consumer Credit Products, Fed, FDIC and OCC Retail Foreign Exchange Rules, Regulation Q, Fed and FTC Credit Score Disclosure Rules, OCC Foreclosure Guidance. FDIC Assessment, Base & Rate Regulation; Registration of Mortgage Loan Originators; Federal Reserve Regulation II - debit card interchange fee regulation; SEC registration of municipal advisor regulation; FDIC Interest on Lawyer Account deposit insurance coverage regulation; FASB Mark to Market Accounting; shareholder executive compensation rules; FASB lease accounting rules; FASB impairment of financial asset rules; mortgage disclosure regulation; regulatory burden relief; federal garnishment rules; Federal Home Loan Bank system membership; Credit Card Act implementation; Regulation Z (Truth-in-Lending) amendments; Payment Settlement Entity Reporting; Interest on Non-Resident Alien Account Reporting; Credit Risk Retention Regulation. FDIC and OCC Overdraft and Bank Product Guidance, Repeal of Reg. Q, FHFA Rules on purchase of housing cooperative loans, IRS Guidance on Trust Commissions, Fed Savings and Loan Holding Company Regulation, Fed Remittance Transfer Proposal, National bank preemption, Risk-based capital requirements, CFPB Regulations. Home Mortgage Disclosure Act Reporting of Assignments in lieu of Mortgage Discharge (Reg C); Restrictions on Bank Proprietary Trading (Volcker Rule); Acquisitions of non-systemically significant financial institutions; Flood Insurance Guidance; Treasury Home Affordable Refinance Program; Examiner Treatment of New York State and Local Government Securities; CFPB Credit Card Disclosures; CFPB Deposit Account Disclosures; CFPB Mortgage Disclosures; Enhanced Regulation of large bank holding companies and non-bank firms. Patent and Trademark Reform Regulatory Implementation; Regulations Implementing the Dodd-Frank Act; Stress Test Regulations; Allowance for Loan and Lease Losses (ALLL); Servicing and Foreclosure Guidance and Regulations; Home Loan Bank Member Supervision; CFPB Streamlined Regulations Project; CFPB Regulations on Privileged Information; Qualified Mortgage Safe Harbor; Extension of the TAG Program; Regulations implementing higher capital standards including the market risk capital final rule and 3 proposed rules under Basel III; CFPB proposed regulations on "high cost" mortgage definition; CFPB final and proposed rules on swaps; Federal Reserve rule on fraud prevention adjustments for debit card issuers; CFPB mortgage servicing rules and appraisal requirement rules; CFPB mortgage loan option rule; CFPB proposal on telephone surveys for short-form credit card agreements.

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

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Natl Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), Patent & Trademark Office (PTO), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of

HR 2440, Market Transparency and Taxpayer Protection Act of 2011

Client expense: Not reported · Firm income: Not reported

HR 1223 - GSE Credit Risk Equitable Treatment Act of 2011 HR 1224 - GSE Portfolio Risk Reduction Act of 2011 HR 1227 a bill to prohibit Fannie Mae and Freddie Mac from offering any new products during the term of any conservatorship or receivership of such enterprises HR. 1226 - A bill to repeal the affordable housing goals for Fannie Mae and Freddie Mac HR 31 Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers HR 1222 GSE Subsidy Elimination Act H.R. 1221 - Equity in Government Compensation Act of 2011, to suspend the current compensation packages for the senior executives of Fannie Mae and Freddie Mac and establish compensation for such positions in accordance with rates of pay for senior employees in the Executive Branch of the Federal Government. H.R. 1225 GSE Debt Issuance Approval Act of 2011 -To prohibit Fannie Mae and Freddie Mac from issuing any new debt without approval in advance by the Secretary of the Treasury HR. 2441Housing Trust Fund Elimination Act of 2011 -To terminate the Housing Trust Fund and the requirement that Fannie Mae and Freddie Mac make annual allocations for such Fund. HR 463 Fannie Mae and Freddie Mac Transparency Act of 2011 -To apply the Freedom of Information Act to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation during any period that such entities are in conservatorship or receivership. H.R.2436 Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 -To prohibit any reduction in the rate of dividends paid to the Secretary of the Treasury on the senior preferred stock of Fannie Mae and Freddie Mac purchased by the Secretary. H.R.2439 Removing GSEs Charters During Receivership Act of 2011 - To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to authorize the Federal Housing Finance Agency, as receiver of Fannie Mae or Freddie Mac, to revoke the charters of such enterprises or any limited-life regulated entity established under such receivership. H.R.2440 Market Transparency and Taxpayer Protection Act of 2011 -To protect the taxpayers of the United States by requiring Fannie Mae and Freddie Mac to sell or dispose of the assets of such enterprises that are not critical to their missions. H.R.2462 Cap the GSE Bailout Act of 2011 - To limit the aggregate amount provided by the taxpayers of the United States for the bailout of Fannie Mae and Freddie Mac. Dodd-Frank Wall Street Reform & Consumer Protection Act - Public Law No: 111-203. Implementation H.R.2413 Secondary Market Facility for Residential Mortgages Act of 2011 - Establishes a Secondary Market Facility for Residential Mortgages as an instrumentality of the federal government, subject to supervision by the Federal Housing Finance Agency (FHFA) Board. H.R.1859 Housing Finance Reform Act of 2011 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to authorize the Director of the Federal Housing Finance Agency (FHFA) to: (1) provide for the organization, incorporation, examination, operation, and regulation of housing finance guaranty associations (which may be corporations, mutual associations, partnerships, limited liability corporations, cooperatives, or other appropriate organizational forms); and (2) issue charters for them.

Client expense: $125,291 · Firm income: Not reported

Government targets: Energy, Dept of, Environmental Protection Agency (EPA), Federal Emergency Management Agency (FEMA), Federal Motor Carrier Safety Administration, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), Treasury, Dept of

H.R. 31 (The Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011); H.R. 1221 (The Equity in Government Compensation Act); H.R. 1222 (The GSE Subsidy Elimination Act); H.R. 1223 (The GSE Credit Risk Equitable Treatment Act); H.R. 1223 (GSE Credit Risk Equitable Treatment Act of 2011); H.R. 1224 (The Portfolio Risk Reduction Act); H.R. 1225 (The GSE Debt Issuance Approval Act); H.R. 1226 (The GSE Mission Improvement Act); H.R. 1227 (The GSE Risk and Activities Limitation Act); H.R. 1859 (Housing Finance Reform Act of 2011); H.R. 2413 (Secondary Market Facility for Residential Mortgages Act); H.R. 2425 (Transparency and Security in Mortgage Registration Act); H.R. 2428 (GSE Legal Fee Reduction Act); H.R. 2436 (Fannie Mae and Freddie Mac Taxpayer Payback Act); H.R. 2439 (Removing GSEs Charters During Receivership Act); H.R. 2440 (Market Transparency and Taxpayer Protection Act); H.R. 2441 (Housing Trust Fund Elimination Act); H.R. 2446 (RESPA Home Warranty Clarification Act); H.R. 2509 (Preserving Consumers' Mortgage Origination Choices Act); Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; Housing Affordability and Stability Plan; Housing finance reform; Servicing compensation; Credit Rating Agency Reform; Strategic plan for conservatorships of the GSEs.

Client expense: $1,530,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Ginnie Mae, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), Natl Economic Council (NEC), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

H.R. 31 (The Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011); H.R. 1221 (The Equity in Government Compensation Act); H.R. 1222 (The GSE Subsidy Elimination Act); H.R. 1223 (The GSE Credit Risk Equitable Treatment Act); H.R. 1223 (GSE Credit Risk Equitable Treatment Act of 2011); H.R. 1224 (The Portfolio Risk Reduction Act); H.R. 1225 (The GSE Debt Issuance Approval Act); H.R. 1226 (The GSE Mission Improvement Act); H.R. 1227 (The GSE Risk and Activities Limitation Act); H.R. 1859 (Housing Finance Reform Act of 2011); H.R. 2413 (Seconday Market Facility for Residential Mortgages Act); H.R. 2425 (Transparency and Security in Mortgage Registration Act; H.R. 2428 (GSE Legal Fee Reduction Act); H.R. 2436 (Fannie Mae and Freddie Mac Taxpayer Payback Act); H.R. 2439 (Removing GSEs Charters During Receivership Act); H.R. 2440 (Market Transparency and Taxapayer Protection Act); H.R. 2441 (Housing Trust Fund Elimination Act); H.R. 2446 (RESPA Home Warranty Clarification Act); H.R. 2509 (Preserving Consumers' Mortgage Origination Choices Act); Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; Housing Affordability and Stability Plan; Housing finance reform; Servicing compensation; Credit Rating Agency Reform.

Client expense: $1,380,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), Natl Economic Council (NEC), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

H.R. 4264, FHA Emergency Fiscal Solvency Act of 2012, H.R. 2440, Market Transparency and Taxpayer Protection Act of 2011: policy issues relating to housing finance and real estate investment trusts.

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

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

PL111-203 Dodd Frank Wall Street Reform and Consumer Protection Act; specifically credit risk retention, systemic risk regulation, the Federal Insurance Office and derivatives regulation Administration Report to Congress: Reforming America's Housing Finance Market HR1222 GSE Subsidy Elimination Act HR1223 GSE Credit Risk and Equitable Treatment Act HR1224 GSE Portfolio Reduction Act HR1227 GSE Risk and Activities Limitation Act S693 GSE Bailout Elimination and Taxpayer Protection Act S712 Financial Takeover Repeal Act of 2011 HR 2441 Housing Trust Fund Elimination Act HR 463 Fannie Mae and Freddie Mac Transparency Act of 2011 HR 2436 Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 HR 2439 Removing GSEs Charter During Receivership Act of 2011 HR 2462 Cap the GSE Bailout Act of 2011 HR 2440 Market Transparency and Taxpayer Protection Act of 2011 FHA Reform FHA Loan Limits Fair Credit Reporting Act HR1963 Mortgage Finance Act of 2011 S1834 Residential Mortgage Privatization and Standardization Act of 2011 HR772 Extended Tax Relief for All Act of 2011 HR3630 Temporary Payroll Tax Cut Continuation Act of 2011 HR3743 Temporary Payroll Tax Cut Continuation Act of 2011 HR1018 To amend the Internal Revenue Code of 1986, to make permanant the deduction for mortgage insurance premiums HR4264 FHA Emergency Fiscal Solvency Act of 2012 S3085 Responsible Homeowner Refinancing Act of 2012

Client expense: $1,740,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), SENATE, Treasury, Dept of

Balanced Housing Policy Section 8 Reform Section 8 - Affordable Housing and Self -Sufficiency Improvment Act of 2012 (No bill number at this time.), Section 101: Inspection of dwelling units, Section 102: Rent reform and income reviews, Section 103: Eligibility for assistance based on assets, Section 201: Demonstration to expand role of private capital in affordable housing, Section 501: Access to HUD programs for persons with limited English proficiency. HUDs FY 2013 Budget - HUD Assisted Housing Programs Hud Section 8 Renewal Guide for Project Based Rental Properties FHA Housing and Health Care FY 2013 Mortgage Insurance Premium Changes Prevention (CFR) HUD Small Multi Family Risk Sharing Proposal GSE Reform: Proposals discussed to ensure liquidity in multifamily mortgage markets in post Fannie Mae/Freddie Mac environment. FHA Multifamily Accelerated Processing Guide FHFA Residential Home Purchase Rental Program Federal Sales of Foreclosed Houses Federal Affordable Housing Programs H.R. 4970 - Violence Against Women Act - Section 601 S. 1925 Violence Against Women Act Reauthorization Act of 2011, Section 601: Housing Protections for Victims of Domestic Violence, Dating Violence, Sexual Assault, and Stalking (Specifically, the portion of Section 601 that would include the Low-Income Housing Tax Credit program as a covered program for purposes of the Violence Against Women Act), Sec. 602: Transitional housing assistance grants for victims of domestic violence, dating violence, sexual assault, and stalking, Sec. 603: Addressing the housing needs of victims of domestic violence, dating violence, sexual assault, and stalking. H.R. 4264 - The FHA Emergency Fiscal Solvency Act of 2012 (all provisions) FHA Housing Notice H 2011-36 - Large Loan Risk Mitigation Policies. FHA Housing Notice H 2012-1 - Multi Family LIHTC Pilot Program. FHA Housing Notice H 2012-3 - Guidance on elligiblity for tenant protection vouchers following certain housing actions. HUD-Docket FR 5508-P-01 - Regulations on Implementation of the Fair Housing Acts Discriminatory Effects Standard The General Accountability Office (GAO) - Multifamily Study HUD Fair Market Rent/Small Area Fair Market Rent issue HUD FHA Guidance to Expedite Loan Processing, Notice H-2011-35 HUD Housing Notice 2012-5 - Guidelines on Addressing Infestations in HUD-insured and Assisted Multifamily Housing HUD Guidance on Project Capital Needs Assessments (PCNA) and Reserve for Replacement Escrow Lease Accounting Rules: File Reference: No. 1850-100, Exposure Draft: Leases and Exposure Draft, Leases, ED/2010/9 S. 3179 - Servicemember Housing Protection Act of 2012 (all provisions) H.R. 2440 - Market Transparency and Taxpayer Protection Act; Section 2 - Disposition of Non-Mission Critical Assets.

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

Government targets: Army, Dept of (Corps of Engineers), Bureau of Citizenship & Immigration Services (BCIS), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Labor Relations Board (NLRB), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, White House Office

Increase in Credit Union Lending Cap S509 - Small Business Lending Enhancement Act of 2011 S2231 - Small Business Lending Enhancement Act of 2012 HR1418 - Small Business Lending Enhancement Act of 2011 Extension of Temporary SBA Programs HR366 - To provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958, and for other purposes HR2936 - Small Business Administration Express Loan Extension Act of 2011 Foreclosure Issues S170 - Helping Responsible Homeowners Act of 2011 S222 - Limiting Investor and Homeowner Loss in Foreclosure Act of 2010 HR430 - HAMP Repeal and Deficit Reduction Act of 2011 HR1131 - Preventing Homeowners from Foreclosure Act of 2011 HR1151 - Emergency Mortgage Relief and Neighborhood Stabilization Programs Cost Recoupment Act of 2011 HR839 - HAMP Termination Act of 2011 HR5940 - Preserving American Homeownership Act of 2012 S2080 - Keeping Families in their Home Act of 2012 GSE Modifications S693 - GSE Bailout Elimination and Taxpayer Protection Act S1834 - Residential Mortgage Market Privatization and Standardization Act S1963 - Mortgage Finance Act HR31 - Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011 HR463 - Fannie Mae and Freddie Mac Transparency Act of 2011 HR1182 - GSE Bailout Elimination and Taxpayer Protection Act HR1221 - Equity in Government Compensation Act of 2011 HR1222 - GSE Subsidy Elimination Act of 2011 HR1223 - GSE Credit Risk Equitable Treatment Act of 2011 HR1224 - GSE Portfolio Risk Reduction Act of 2011 HR1225 - GSE Debt Issuance Approval Act of 2011 HR1226 - GSE Mission Improvement Act of 2011 HR1227 - GSE Risk and Activities Limitation Act of 2011 HR1859 - Housing Finance Reform Act of 2011 HR 2413 - Secondary Market Facility for Residential Mortgages Act of 2011 HR2425 - Transparency and Security in Mortgage Registration Act of 2011 HR2428 - GSE Legal Fee Reduction Act of 2011 HR2436 - Fannie and Freddie Mac Taxpayer Payback Act of 2011 HR2439 - Removing GSEs Charters During Receivership Act HR2440 - Market Transparency and Taxpayer Protection Act HR2441- Housing Trust Fund Elimination Act HR2462 - Cap the GSE Bailout Act HR3644 - Private Mortgage Market Investment Act HR3733 - Affordable Mortgages for Homeowners Act of 2011 S3085 - Responsible Homeowners Refinancing Act S3520 - Rebuilding Equity Act of 2012 S3047 - Expanding Refinancing Opportunities Act of 2012 Changes in Financial Market Regulations HR87 - A bill to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act HR1121 - Responsible Consumer Financial Protection Regulations Act of 2011 HR1723 - Common Sense Economic Recovery Act of 2011 HR2126 - Risk Retention Modernization Act of 2011 S967 - Regulation of Mortgage Servicing Act of 2011. S3589 - Mortgage Modification Outreach Act Changes to the Federal Reserve System S202 - Federal Reserve Transparency Act of 2011 HR459 - Federal Reserve Transparency Act of 2011 HR1094 - Federal Reserve Board Abolition Act Changes to GSE and FHA Loan Limits HR1754 - Preserving Equal Access to Mortgage Finance Programs Act S1508 - Homeownership Affordability Act of 2011 HR2508 - A bill to extend through fiscal year 2013 the increase in the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, and for other purposes. HR4323 - Consumer Mortgage Choice Act Regulatory Oversight of Covered Bonds S1835 - United States Covered Bond Act of 2011 Improvement of Short Sale Process HR1498 - Prompt Decision for Qualification of Short Sale Act of 2011 S2120 - Prompt Notification of Short Sales Act HR6153 - Fast Help for Homeowners Act Changes to the Home Affordable Modification Program HR839 - to amend the Emergency Economic Stabilization Act of 2008 to terminate the authority of the secretary of the Treasury to provide new assistance under the Home Affordable Modification Program, while preserving assistance to homeowners who were already extended an offer to participate in the program, either on a trial or permanent basis; HRes170 - A resolution providing for consideration of the bill (HR 839) to amend the Emergency Economic Stabilization Act of 2008 to terminate the authority of the secretary of the Treasury to provide new assistance under the Home Affordable Modification Program, while preserving assistance to homeowners who were already extended an offer to participate in the program, either on a trial or permanent basis; and providing for consideration of the bill (HR 861) to rescind the third round of funding for the Neighborhood Stabilization Program and to terminate the program Oversight of Insured Depository Institutions HR2056 - A bill to instruct the Inspector General of the Federal Deposit Insurance Corporation to study the impact of insured depository institution failures, and for other purposes. Examinations of Depository Institutions HR3461 - Financial Institutions Examination Fairness and Reform Act Availability of Capital for Finance HR940 - United States Covered Bond Act of 2011 HJRes22 - Preserving Capitalism in America Amendment Changes to the Truth In Lending Act HR3849 - Preserving Access to Manufactured Housing Act Discussions with the Small Business Administration on the Commercial Refinance Program. Discussions with the Federal Housing Finance Agency (FHFA) on housing finance issues, condominium financing (mortgages), Real Estate Owner (REO) to rental pilot program, REO bulk sales, and using eminent domain to take mortgages. Conversations with the Treasury Department on Government-Sponsored Enterprises (GSE), the Dodd-Frank Act, and banking policy. Discussions with FDIC on QRM Rules, housing finance, covered bonds, short sales (HAMP/HAFA), QCRE, and the Dodd-Frank Act. Discussions with the Consumer Financial Protection Bureau (CFPB) on RESPA/Truth in Lending Act (TILA), Qualified Mortgage (QM) rules, the Dodd-Frank Act, mortgage lending services, and Loan Officer Compensation rules. Discussions with the National Economic Council (NEC) on mortgage refinance proposals. Discussions with the Securities and Exchange Commission (SEC) on lease accounting. Discussions with the Department of Housing and Urban Development (HUD) on the Federal Housing Administration, QRM rules, and the Dodd-Frank Act. Discussions with the Federal Reserve on Basel III. Conversations with the Appraisal Subcommittee on appraisals, valuation of real property and territory. Conversations with the Office of the Comptroller of the Currency (OCC) regarding Basel III.

Client expense: $9,820,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Congressional Budget Office (CBO), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), 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), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, Veterans Affairs, Dept of (VA), White House Office

S 3522- The Responsible Homeowner Refinancing Act of 2012. HR 2440- The Market Transparancy and Taxpayer Protection Act. Followed all issues related to GSE reform. Followed all issues related to mortgage reform. Followed all issues related to HAMP.

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

Government targets: Commodity Futures Trading Commission (CFTC), Consumer Product Safety Commission (CPSC), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Increase in Credit Union Lending Cap S509 - Small Business Lending Enhancement Act of 2011 S2231 - Small Business Lending Enhancement Act of 2012 HR1418 - Small Business Lending Enhancement Act of 2011 Extension of Temporary SBA Programs HR366 - To provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958, and for other purposes HR2936 - Small Business Administration Express Loan Extension Act of 2011 Foreclosure Issues S170 - Helping Responsible Homeowners Act of 2011 S222 - Limiting Investor and Homeowner Loss in Foreclosure Act of 2010 HR430 - HAMP Repeal and Deficit Reduction Act of 2011 HR1131 - Preventing Homeowners from Foreclosure Act of 2011 HR1151 - Emergency Mortgage Relief and Neighborhood Stabilization Programs Cost Recoupment Act of 2011 HR839 - HAMP Termination Act of 2011 HR5940 - Preserving American Homeownership Act of 2012 S2080 - Keeping Families in their Home Act of 2012 GSE Modifications S693 - GSE Bailout Elimination and Taxpayer Protection Act S1834 - Residential Mortgage Market Privatization and Standardization Act S1963 - Mortgage Finance Act HR31 - Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011 HR463 - Fannie Mae and Freddie Mac Transparency Act of 2011 HR1182 - GSE Bailout Elimination and Taxpayer Protection Act HR1221 - Equity in Government Compensation Act of 2011 HR1222 - GSE Subsidy Elimination Act of 2011 HR1223 - GSE Credit Risk Equitable Treatment Act of 2011 HR1224 - GSE Portfolio Risk Reduction Act of 2011 HR1225 - GSE Debt Issuance Approval Act of 2011 HR1226 - GSE Mission Improvement Act of 2011 HR1227 - GSE Risk and Activities Limitation Act of 2011 HR1859 - Housing Finance Reform Act of 2011 HR 2413 - Secondary Market Facility for Residential Mortgages Act of 2011 HR2425 - Transparency and Security in Mortgage Registration Act of 2011 HR2428 - GSE Legal Fee Reduction Act of 2011 HR2436 - Fannie and Freddie Mac Taxpayer Payback Act of 2011 HR2439 - Removing GSEs Charters During Receivership Act HR2440 - Market Transparency and Taxpayer Protection Act HR2441- Housing Trust Fund Elimination Act HR2462 - Cap the GSE Bailout Act HR3644 - Private Mortgage Market Investment Act HR3733 - Affordable Mortgages for Homeowners Act of 2011 S3085 - Responsible Homeowners Refinancing Act Changes in Financial Market Regulations HR87 - A bill to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act HR1121 - Responsible Consumer Financial Protection Regulations Act of 2011 HR1723 - Common Sense Economic Recovery Act of 2011 HR2126 - Risk Retention Modernization Act of 2011 S967 - Regulation of Mortgage Servicing Act of 2011. Changes to the Federal Reserve System S202 - Federal Reserve Transparency Act of 2011 HR459 - Federal Reserve Transparency Act of 2011 HR1094 - Federal Reserve Board Abolition Act Changes to GSE and FHA Loan Limits HR1754 - Preserving Equal Access to Mortgage Finance Programs Act S1508 - Homeownership Affordability Act of 2011 HR2508 - A bill to extend through fiscal year 2013 the increase in the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, and for other purposes. HR4323 - Consumer Mortgage Choice Act Regulatory Oversight of Covered Bonds S1835 - United States Covered Bond Act of 2011 Improvement of Short Sale Process HR1498 - Prompt Decision for Qualification of Short Sale Act of 2011 S2120 - Prompt Notification of Short Sales Act Changes to the Home Affordable Modification Program HR839 - to amend the Emergency Economic Stabilization Act of 2008 to terminate the authority of the secretary of the Treasury to provide new assistance under the Home Affordable Modification Program, while preserving assistance to homeowners who were already extended an offer to participate in the program, either on a trial or permanent basis; HRes170 - A resolution providing for consideration of the bill (HR 839) to amend the Emergency Economic Stabilization Act of 2008 to terminate the authority of the secretary of the Treasury to provide new assistance under the Home Affordable Modification Program, while preserving assistance to homeowners who were already extended an offer to participate in the program, either on a trial or permanent basis; and providing for consideration of the bill (HR 861) to rescind the third round of funding for the Neighborhood Stabilization Program and to terminate the program Oversight of Insured Depository Institutions HR2056 - A bill to instruct the Inspector General of the Federal Deposit Insurance Corporation to study the impact of insured depository institution failures, and for other purposes. Examinations of Depository Institutions HR3461 - Financial Institutions Examination Fairness and Reform Act Availability of Capital for Finance HR940 - United States Covered Bond Act of 2011 HJRes22 - Preserving Capitalism in America Amendment Discussions with the Small Business Administration on the Commercial Refinance Program, 504 Refinance Program. Discussions with the Federal Housing Finance Agency (FHFA) on housing finance issues and the Home Affordable Refinance Program (H.A.R.P.) Conversations with Treasury on Foreclosure Prevention, Government-Sponsored Enterprise (GSE), QRM rules, covered bonds, the Dodd-Frank Act, and banking policy. Discussions with FDIC on QRM Rules, housing finance, covered bonds, and the Dodd-Frank Act. Discussions with the Consumer Financial Protection Bureau (CFPB) on RESPA/Truth in Lending Act (TILA) harmonization, Qualified Mortgage (QM) rules, appraisal independence, housing finance, home warranties, QM/ORM, the Dodd-Frank Act, and mortgage lending services. Discussions with the National Economic Council (NEC) on mortgage cancellation relief and mortgage refinance proposals. Discussions with the White House Office of Public Engagement on mortgage cancellation relief. Discussions with the Securities and Exchange Commission (SEC) on QRM rules and lease accounting. Discussions with the Department of Housing and Urban Development (HUD) on the Federal Housing Administration, QRM rules, and the Dodd-Frank Act. Discussions with the Federal Reserve on the House White Paper, U.S. banking policy, and Basel II. Conversations with the Office of Management and Budget (OMB) on fair value accounting.

Client expense: $10,060,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Congressional Budget Office (CBO), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), 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), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, Veterans Affairs, Dept of (VA), White House Office

H.R. 31 (The Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011); H.R. 1221 (The Equity in Government Compensation Act); H.R. 1222 (The GSE Subsidy Elimination Act); H.R. 1223 (The GSE Credit Risk Equitable Treatment Act); H.R. 1223 (GSE Credit Risk Equitable Treatment Act of 2011); H.R. 1224 (The Portfolio Risk Reduction Act); H.R. 1225 (The GSE Debt Issuance Approval Act); H.R. 1226 (The GSE Mission Improvement Act); H.R. 1227 (The GSE Risk and Activities Limitation Act); H.R. 1859 (Housing Finance Reform Act of 2011); H.R. 2413 (Seconday Market Facility for Residential Mortgages Act); H.R. 2425 (Transparency and Security in Mortgage Registration Act; H.R. 2428 (GSE Legal Fee Reduction Act); H.R. 2436 (Fannie Mae and Freddie Mac Taxpayer Payback Act); H.R. 2439 (Removing GSEs Charters During Receivership Act); H.R. 2440 (Market Transparency and Taxapayer Protection Act); H.R. 2441 (Housing Trust Fund Elimination Act); H.R. 2446 (RESPA Home Warranty Clarification Act); H.R. 2509 (Preserving Consumers' Mortgage Origination Choices Act); Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; Housing Affordability and Stability Plan; Housing finance reform; Servicing compensation; Credit Rating Agency Reform.

Client expense: $1,330,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), Natl Economic Council (NEC), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

HR 1223 - GSE Credit Risk Equitable Treatment Act of 2011 HR 1224 - GSE Portfolio Risk Reduction Act of 2011 HR 1227 a bill to prohibit Fannie Mae and Feddie Mac from offering any new products during the term of any conservatorship or receivership of such enterprises. HR. 1226 - A bill to repeal the affordable housing goals for Fannie Mae and Freddie Mac HR 31 Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers HR 1222 GSE Subsidy Elimination Act H.R. 1221 - Equity in Government Compensation Act of 2011, to suspend the current compensation packages for the senior executives of Fannie Mae and Freddie Mac and establish compensation for such positions in accordance with rates of pay for senior employees in the Executive Branch of the Federal Government. H.R. 1225 GSE Debt Issuance Approval Act of 2011 -To prohibit Fannie Mae and Freddie Mac from issuing any new debt without approval in advance by the Secretary of the Treasury HR. 2441Housing Trust Fund Elimination Act of 2011 -To terminate the Housing Trust Fund and the requirement that Fannie Mae and Freddie Mac make annual allocations for such Fund. HR 463 Fannie Mae and Freddie Mac Transparency Act of 2011 -To apply the Freedom of Information Act to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation during any period that such entities are in conservatorship or receivership. H.R.2436 Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 -To prohibit any reduction in the rate of dividends paid to the Secretary of the Treasury on the senior preferred stock of Fannie Mae and Freddie Mac purchased by the Secretary. H.R.2439 Removing GSEs Charters During Receivership Act of 2011 - To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to authorize the Federal Housing Finance Agency, as receiver of Fannie Mae or Freddie Mac, to revoke the charters of such enterprises or any limited-life regulated entity established under such receivership. H.R.2440 Market Transparency and Taxpayer Protection Act of 2011 -To protect the taxpayers of the United States by requiring Fannie Mae and Freddie Mac to sell or dispose of the assets of such enterprises that are not critical to their missions. H.R.2462 Cap the GSE Bailout Act of 2011 - To limit the aggregate amount provided by the taxpayers of the United States for the bailout of Fannie Mae and Freddie Mac. Dodd-Frank Wall Street Reform & Consumer Protection Act - Public Law No: 111-203. Implementation H.R.2413 Secondary Market Facility for Residential Mortgages Act of 2011 - Establishes a Secondary Market Facility for Residential Mortgages as an instrumentality of the federal government, subject to supervision by the Federal Housing Finance Agency (FHFA) Board. H.R.1859 Housing Finance Reform Act of 2011 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to authorize the Director of the Federal Housing Finance Agency (FHFA) to: (1) provide for the organization, incorporation, examination, operation, and regulation of housing finance guaranty associations (which may be corporations, mutual associations, partnerships, limited liability corporations, cooperatives, or other appropriate organizational forms); and (2) issue charters for them.

Client expense: $147,077 · Firm income: Not reported

Government targets: Energy, Dept of, Environmental Protection Agency (EPA), Federal Emergency Management Agency (FEMA), Federal Motor Carrier Safety Administration, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), Treasury, Dept of

PL111-203 Dodd Frank Wall Street Reform and Consumer Protection Act; specifically credit risk retention, systemic risk regulation, the Federal Insurance Office and derivatives regulation Administration Report to Congress: Reforming America's Housing Finance Market HR1222 GSE Subsidy Elimination Act HR1223 GSE Credit Risk and Equitable Treatment Act HR1224 GSE Portfolio Reduction Act HR1227 GSE Risk and Activities Limitation Act S693 GSE Bailout Elimination and Taxpayer Protection Act S712 Financial Takeover Repeal Act of 2011 HR 2441 Housing Trust Fund Elimination Act HR 463 Fannie Mae and Freddie Mac Transparency Act of 2011 HR 2436 Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 HR 2439 Removing GSEs Charter During Receivership Act of 2011 HR 2462 Cap the GSE Bailout Act of 2011 HR 2440 Market Transparency and Taxpayer Protection Act of 2011 FHA Reform FHA Loan Limits Fair Credit Reporting Act HR1963 Mortgage Finance Act of 2011 S1834 Residential Mortgage Privatization and Standardization Act of 2011 HR772 Extended Tax Relief for All Act of 2011 HR3630 Temporary Payroll Tax Cut Continuation Act of 2011 HR3743 Temporary Payroll Tax Cut Continuation Act of 2011 HR1018 To amend the Internal Revenue Code of 1986, to make permanant the deduction for mortgage insurance premiums HR4264 FHA Emergency Fiscal Solvency Act of 2012 S3085 Responsible Homeowner Refinancing Act of 2012

Client expense: $820,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), SENATE, Treasury, Dept of

Legislation: Regulatory environment affecting banks, including community banks; Debit Card Interchange Fee legislation (S.575, H.R.1081, H.R.3156); GSE legislation (H.R.1182, H.R.31, H.R.1221, H.R.1222,H.R.1223, H.R.1224, H.R.1225, H.R.1226, H.R.1227, H.R.2436, H.R.2441, H.R.2440, H.R.2462, H.R.463, H.R.2439); Mortgage Foreclosure Relief legislation (H.R.830, H.R.836, H.R.839, H.R.861) ; (Continued on next page) Legislation (cont'd.): Credit Union business lending (S.509, H.R.1418, S.2231); Internet Gambling Regulation (H.R.1174); Consumer Financial Protection Bureau Governance (H.R.1121, H.R.1315). Small Business Lending (S.493), Bankruptcy Legislation (S.222), National Flood Insurance Reform (H.R.1309, H.R.5740), Business Activity Tax Simplification Act (H.R. 1439), Executive Compensation (H.R. 1062), Covered Bonds (H.R.940), Patent Reform (H.R.1249), CFPB Appropriations Legislation. Information Security/Privacy (H.R.2577, H.R.3035, S.1151, S.1408, S.1434, S.1535), Deficit Reduction, American Jobs Act, Appropriation Legislation, Patent Office Reform (H.R.1249). Fannie Mae/Freddie Mac/FHA Fees (H.R. 3765); Flood Insurance Reform & Extension (H.R.2608, HJ Res. 94, HJ Res. 95, H.R.2055, H.R.3671, S.1958); Bank & Corporate Governance (H.R. 1965, S.556, S.1941,H.R.2940, H.R.2930); SEC Registration Threshold (H.R.2167, HR.1070); Sarbanes-Oxley Auditor Requirements (H.R.3213); Restoration of Fannie Mae/Freddie Mac/FHA Higher Loan Limits (Amendment to Ag Appropriations bill); Bank Examination Fairness (H.R.3461,S.2160); Bank Failure Study Legislation (H.R.2056); Federal Tax on Larger Financial Institutions; Credit Union Capital (H.R.3993); Amendment on non-resident alien interest reporting; The JOBS Act - H.R.3606; Municipal Advisor Exemption - H.R.2827; CFPB Confidential Information Protection - H.R.4014; ATM Signage (H.R.4367, S.3204); Transportation; Treasury; Student Loan Appropriations (H.R.4348); Heightened Regulatory Capital Requirements, including the Collins amendment (H.R.3128). Regulation: Fed. Reg. B (Equal Credit Opportunity) Rules, Fed and FDIC Orderly Resolution Regulations for Systemically Significant Companies, Fin CEN Bank Secrecy Act reporting requirements, General Obligation Bonds, Thrift institution regulation and reporting transfer to OCC and Fed, FASB Auditor Independence Rules, OCC Guidance on Deposit-Related Consumer Credit Products, Fed, FDIC and OCC Retail Foreign Exchange Rules, Regulation Q, Fed and FTC Credit Score Disclosure Rules, OCC Foreclosure Guidance. FDIC Assessment, Base & Rate Regulation; Registration of Mortgage Loan Originators; Federal Reserve Regulation II - debit card interchange fee regulation; SEC registration of municipal advisor regulation; FDIC Interest on Lawyer Account deposit insurance coverage regulation; FASB Mark to Market Accounting; shareholder executive compensation rules; FASB lease accounting rules; FASB impairment of financial asset rules; mortgage disclosure regulation; regulatory burden relief; federal garnishment rules; Federal Home Loan Bank system membership; Credit Card Act implementation; Regulation Z (Truth-in-Lending) amendments; Payment Settlement Entity Reporting; Interest on Non-Resident Alien Account Reporting; Credit Risk Retention Regulation. FDIC and OCC Overdraft and Bank Product Guidance, Repeal of Reg. Q, FHFA Rules on purchase of housing cooperative loans, IRS Guidance on Trust Commissions, Fed Savings and Loan Holding Company Regulation, Fed Remittance Transfer Proposal, National bank preemption, Risk-based capital requirements, CFPB Regulations. Home Mortgage Disclosure Act Reporting of Assignments in lieu of Mortgage Discharge (Reg C); Restrictions on Bank Proprietary Trading (Volcker Rule); Acquisitions of non-systemically significant financial institutions; Flood Insurance Guidance; Treasury Home Affordable Refinance Program; Examiner Treatment of New York State and Local Government Securities; CFPB Credit Card Disclosures; CFPB Deposit Account Disclosures; CFPB Mortgage Disclosures; Enhanced Regulation of large bank holding companies and non-bank firms. Patent and Trademark Reform Regulatory Implementation; Regulations Implementing the Dodd-Frank Act; Stress Test Regulations; Allowance for Loan and Lease Losses (ALLL); Servicing and Foreclosure Guidance and Regulations; Home Loan Bank Member Supervision; CFPB Streamlined Regulations Project; CFPB Regulations on Privileged Information; Qualified Mortgage Safe Harbor; Extension of the TAG Program; Regulations implementing higher capital standards including the market risk capital final rule and 3 proposed rules under Basel III.

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

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Natl Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), Patent & Trademark Office (PTO), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of

Increase in Credit Union Lending Cap S509 - Small Business Lending Enhancement Act of 2011 S2231 - Small Business Lending Enhancement Act of 2012 HR1418 - Small Business Lending Enhancement Act of 2011 Extension of Temporary SBA Programs HR366 - To provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958, and for other purposes HR2936 - Small Business Administration Express Loan Extension Act of 2011 Changes in Financial Market Regulations HR87 - A bill to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act HR1121 - Responsible Consumer Financial Protection Regulations Act of 2011 HR1723 - Common Sense Economic Recovery Act of 2011 HR2126 - Risk Retention Modernization Act of 2011 Changes to the Federal Reserve System S202 - Federal Reserve Transparency Act of 2011 HR459 - Federal Reserve Transparency Act of 2011 HR1094 - Federal Reserve Board Abolition Act Foreclosure Issues S170 - Helping Responsible Homeowners Act of 2011 S222 - Limiting Investor and Homeowner Loss in Foreclosure Act of 2010 HR430 - HAMP Repeal and Deficit Reduction Act of 2011 HR1131 - Preventing Homeowners from Foreclosure Act of 2011 HR1151 - Emergency Mortgage Relief and Neighborhood Stabilization Programs Cost Recoupment Act of 2011 HR839 - HAMP Termination Act of 2011 GSE Modifications S693 - GSE Bailout Elimination and Taxpayer Protection Act S1834 - Residential Mortgage Market Privatization and Standardization Act S1963 - Mortgage Finance Act HR31 - Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011 HR463 - Fannie Mae and Freddie Mac Transparency Act of 2011 HR1182 - GSE Bailout Elimination and Taxpayer Protection Act HR1221 - Equity in Government Compensation Act of 2011 HR1222 - GSE Subsidy Elimination Act of 2011 HR1223 - GSE Credit Risk Equitable Treatment Act of 2011 HR1224 - GSE Portfolio Risk Reduction Act of 2011 HR1225 - GSE Debt Issuance Approval Act of 2011 HR1226 - GSE Mission Improvement Act of 2011 HR1227 - GSE Risk and Activities Limitation Act of 2011 HR1859 - Housing Finance Reform Act of 2011 HR 2413 - Secondary Market Facility for Residential Mortgages Act of 2011 HR2425 - Transparency and Security in Mortgage Registration Act of 2011 HR2428 - GSE Legal Fee Reduction Act of 2011 HR2436 - Fannie and Freddie Mac Taxpayer Payback Act of 2011 HR2439 - Removing GSEs Charters During Receivership Act HR2440 - Market Transparency and Taxpayer Protection Act HR2441- Housing Trust Fund Elimination Act HR2462 - Cap the GSE Bailout Act HR3644 - Private Mortgage Market Investment Act Changes to GSE and FHA Loan Limits HR1754 - Preserving Equal Access to Mortgage Finance Programs Act S1508 - Homeownership Affordability Act of 2011 HR2508 - A bill to extend through fiscal year 2013 the increase in the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, and for other purposes. HR4323 - Consumer Mortgage Choice Act Regulatory Oversight of Covered Bonds S1835 - United States Covered Bond Act of 2011 Improvement of Short Sale Process HR1498 - Prompt Decision for Qualification of Short Sale Act of 2011 S2120 - Prompt Notification of Short Sales Act Changes to the Home Affordable Modification Program HR839 - to amend the Emergency Economic Stabilization Act of 2008 to terminate the authority of the secretary of the Treasury to provide new assistance under the Home Affordable Modification Program, while preserving assistance to homeowners who were already extended an offer to participate in the program, either on a trial or permanent basis; HRes170 - A resolution providing for consideration of the bill (HR 839) to amend the Emergency Economic Stabilization Act of 2008 to terminate the authority of the secretary of the Treasury to provide new assistance under the Home Affordable Modification Program, while preserving assistance to homeowners who were already extended an offer to participate in the program, either on a trial or permanent basis; and providing for consideration of the bill (HR 861) to rescind the third round of funding for the Neighborhood Stabilization Program and to terminate the program Oversight of Insured Depository Institutions HR2056 - A bill to instruct the Inspector General of the Federal Deposit Insurance Corporation to study the impact of insured depository institution failures, and for other purposes. Examinations of Depository Institutions HR3461 - Financial Institutions Examination Fairness and Reform Act Availability of Capital for Finance HR940 - United States Covered Bond Act of 2011 HJRes22 - Preserving Capitalism in America Amendment Discussions with the Small Business Administration on the Commercial Refinance Program. Discussions with the Federal Housing Finance Agency (FHFA) on housing finance issues. Conversations with Treasury on Foreclosure Prevention, Government-Sponsored Enterprise (GSE), and QRM rules. Discussions with FDIC on QRM Rules, housing finance, and covered bonds. Discussions with the Consumer Financial Protection Bureau (CFPB) on RESPA/Truth in Lending Act (TILA) harmonization, Qualified Mortgage (QM) rules, appraisal independence, housing finance, home warranties, and QM/ORM. Discussions with the National Economic Council (NEC) on mortgage cancellation relief. Discussions with the White House Office of Public Engagement on mortgage cancellation relief. Discussions with the Securities and Exchange Commission (SEC) on QRM rules. Discussions with the Department of Housing and Urban Development (HUD) on the Federal Housing Administration and QRM rules. Discussions with the Federal Reserve on the House White Paper and U.S. banking policy. Conversations with the Office of Management and Budget (OMB) on fair value accounting.

Client expense: $6,060,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Congressional Budget Office (CBO), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), 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), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, Veterans Affairs, Dept of (VA), White House Office

H.R. 31 (The Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011); H.R. 1221 (The Equity in Government Compensation Act); H.R. 1222 (The GSE Subsidy Elimination Act); H.R. 1223 (The GSE Credit Risk Equitable Treatment Act); H.R. 1223 (GSE Credit Risk Equitable Treatment Act of 2011); H.R. 1224 (The Portfolio Risk Reduction Act); H.R. 1225 (The GSE Debt Issuance Approval Act); H.R. 1226 (The GSE Mission Improvement Act); H.R. 1227 (The GSE Risk and Activities Limitation Act); H.R. 1859 (Housing Finance Reform Act of 2011); H.R. 2413 (Seconday Market Facility for Residential Mortgages Act); H.R. 2425 (Transparency and Security in Mortgage Registration Act; H.R. 2428 (GSE Legal Fee Reduction Act); H.R. 2436 (Fannie Mae and Freddie Mac Taxpayer Payback Act); H.R. 2439 (Removing GSEs Charters During Receivership Act); H.R. 2440 (Market Transparency and Taxapayer Protection Act); H.R. 2441 (Housing Trust Fund Elimination Act); H.R. 2446 (RESPA Home Warranty Clarification Act); H.R. 2509 (Preserving Consumers' Mortgage Origination Choices Act); Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; Housing Affordability and Stability Plan; Servicing compensation; Credit Rating Agency Reform.

Client expense: $1,270,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

Increase in Credit Union Lending Cap S509 - Small Business Lending Enhancement Act of 2011 S2231 - Small Business Lending Enhancement Act of 2012 HR1418 - Small Business Lending Enhancement Act of 2011 Extension of Temporary SBA Programs HR366 - To provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958, and for other purposes HR2936 - Small Business Administration Express Loan Extension Act of 2011 Changes in Financial Market Regulations HR87 - A bill to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act HR1121 - Responsible Consumer Financial Protection Regulations Act of 2011 HR1723 - Common Sense Economic Recovery Act of 2011 HR2126 - Risk Retention Modernization Act of 2011 Changes to the Federal Reserve System S202 - Federal Reserve Transparency Act of 2011 HR459 - Federal Reserve Transparency Act of 2011 HR1094 - Federal Reserve Board Abolition Act Foreclosure Issues S170 - Helping Responsible Homeowners Act of 2011 S222 - Limiting Investor and Homeowner Loss in Foreclosure Act of 2010 HR430 - HAMP Repeal and Deficit Reduction Act of 2011 HR1131 - Preventing Homeowners from Foreclosure Act of 2011 HR1151 - Emergency Mortgage Relief and Neighborhood Stabilization Programs Cost Recoupment Act of 2011 HR839 - HAMP Termination Act of 2011 GSE Modifications S693 - GSE Bailout Elimination and Taxpayer Protection Act S1834 - Residential Mortgage Market Privatization and Standardization Act S1963 - Mortgage Finance Act HR31 - Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011 HR463 - Fannie Mae and Freddie Mac Transparency Act of 2011 HR1182 - GSE Bailout Elimination and Taxpayer Protection Act HR1221 - Equity in Government Compensation Act of 2011 HR1222 - GSE Subsidy Elimination Act of 2011 HR1223 - GSE Credit Risk Equitable Treatment Act of 2011 HR1224 - GSE Portfolio Risk Reduction Act of 2011 HR1225 - GSE Debt Issuance Approval Act of 2011 HR1226 - GSE Mission Improvement Act of 2011 HR1227 - GSE Risk and Activities Limitation Act of 2011 HR1859 - Housing Finance Reform Act of 2011 HR 2413 - Secondary Market Facility for Residential Mortgages Act of 2011 HR2425 - Transparency and Security in Mortgage Registration Act of 2011 HR2428 - GSE Legal Fee Reduction Act of 2011 HR2436 - Fannie and Freddie Mac Taxpayer Payback Act of 2011 HR2439 - Removing GSEs Charters During Receivership Act HR2440 - Market Transparency and Taxpayer Protection Act HR2441- Housing Trust Fund Elimination Act HR2462 - Cap the GSE Bailout Act HR3644 - Private Mortgage Market Investment Act Changes to GSE and FHA Loan Limits HR1754 - Preserving Equal Access to Mortgage Finance Programs Act S1508 - Homeownership Affordability Act of 2011 HR2508 - A bill to extend through fiscal year 2013 the increase in the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, and for other purposes. HR4323 - Consumer Mortgage Choice Act Regulatory Oversight of Covered Bonds S1835 - United States Covered Bond Act of 2011 Improvement of Short Sale Process HR1498 - Prompt Decision for Qualification of Short Sale Act of 2011 S2120 - Prompt Notification of Short Sales Act Changes to the Home Affordable Modification Program HR839 - to amend the Emergency Economic Stabilization Act of 2008 to terminate the authority of the secretary of the Treasury to provide new assistance under the Home Affordable Modification Program, while preserving assistance to homeowners who were already extended an offer to participate in the program, either on a trial or permanent basis; HRes170 - A resolution providing for consideration of the bill (HR 839) to amend the Emergency Economic Stabilization Act of 2008 to terminate the authority of the secretary of the Treasury to provide new assistance under the Home Affordable Modification Program, while preserving assistance to homeowners who were already extended an offer to participate in the program, either on a trial or permanent basis; and providing for consideration of the bill (HR 861) to rescind the third round of funding for the Neighborhood Stabilization Program and to terminate the program Oversight of Insured Depository Institutions HR2056 - A bill to instruct the Inspector General of the Federal Deposit Insurance Corporation to study the impact of insured depository institution failures, and for other purposes. Examinations of Depository Institutions HR3461 - Financial Institutions Examination Fairness and Reform Act Availability of Capital for Finance HR940 - United States Covered Bond Act of 2011 HJRes22 - Preserving Capitalism in America Amendment Discussions with the Small Business Administration on the Commercial Refinance Program. Discussions with the Federal Housing Finance Agency (FHFA) on housing finance issues. Conversations with Treasury on Foreclosure Prevention, Government-Sponsored Enterprise (GSE), and QRM rules. Discussions with FDIC on QRM Rules, housing finance, and covered bonds. Discussions with the Consumer Financial Protection Bureau (CFPB) on RESPA/Truth in Lending Act (TILA) harmonization, Qualified Mortgage (QM) rules, appraisal independence, housing finance, home warranties, and QM/ORM. Discussions with the National Economic Council (NEC) on mortgage cancellation relief. Discussions with the White House Office of Public Engagement on mortgage cancellation relief. Discussions with the Securities and Exchange Commission (SEC) on QRM rules. Discussions with the Department of Housing and Urban Development (HUD) on the Federal Housing Administration and QRM rules. Discussions with the Federal Reserve on the House White Paper and U.S. banking policy. Conversations with the Office of Management and Budget (OMB) on fair value accounting.

Client expense: $6,060,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Congressional Budget Office (CBO), Energy, Dept of, Environmental Protection Agency (EPA), Federal Accounting Standards Advisory Board (FASAB), 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), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, Veterans Affairs, Dept of (VA), White House Office

Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act; H.R. 1309, the Flood Insurance Reform and Modernization Act; H.R. 1315, the Consumer Financial Protection Safety and Soundness Improvement Act of 2011; H.R. 1667, the Bureau of Consumer Financial Protection Transfer Clarification Act; H.R. 3630, A bill to extend the payroll tax holiday. H.R. 1221, Equity in Government Compensation Act of 2011; the Market Transparency and Taxpayer Protection Act; H.R. 1859, Housing Finance Reform Act of 2011; H.R. 2441, Housing Trust Fund Elimination Act of 2011; H.R. 463, Fannie Mae and Freddie Mac Transparency Act of 2011; H.R. 2436, Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011; H.R. 2439, Removing GSEs Charters During Receivership Act of 2011; H.R. 2462, Cap the GSE Bailout Act of 2011; S.627, Budget Control Act of 2011, H.R 2440, Market Transparency and Taxpayer Protection Act of 2011; H.R. 3630, Temporary Payroll Tax Cut Continuation Act of 2011; H.R. 3671, Consolidated Appropriations Act of 2012; H.R. 2112, Consolidated and Further Continuing Appropriations Act of 2012; H.R. 3644, Private Mortgage Market Investment Act; H.R. 1121, the Responsible Consumer Financial Protection Regulation Act of 2011; H.R. 1315, the Responsible Consumer Financial Safety and Soundness Act of 2011; H.R. __ (Discussion Draft) that would delay transfer of power, FY 2013 THUD appropriations, H.R. 4014: To amend the Federal Deposit Insurance Act; S. 2099: A bill to amend the Federal Deposit Insurance Act; GSE reform issues, GSE g-fee issues.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 463, the Fannie Mae and Freddie Mac Transparency Act of 2011 H.R. 830, the FHA Refinance Program Termination Act H.R. 836, the Emergency Mortgage Relief Program Termination Act H.R. 839, the HAMP Termination Act of 2011 H.R. 861, the NSP Termination Act H.R. 1182, the GSE Bailout Elimination and Taxpayer Protection Act H.R. 1221, the Equity in Government Compensation Act of 2011 (all provisions) H.R. 1222, the GSE Subsidy Elimination Act of 2011 (all provisions) H.R. 1224, the GSE Portfolio Risk Reduction Act of 2011 (all provisions) H.R. 1225, the GSE Debt Issuance Approval Act of 2011 (all provisions) H.R. 2436, the Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 H.R. 2439, the Removing GSEs Charters During Receivership Act of 2011 H.R. 2440, the Market Transparency and Taxpayer Protection Act of 2011 H.R. 2441, the Housing Trust Fund Elimination Act of 2011 H.R. 2446, the RESPA Home Warranty Clarification Act of 2011 H.R. 2462, the Cap the GSE Bailout Act of 2011 H.R. 4264, the FHA Emergency Fiscal Solvency Act of 2012 Administrations Mortgage Refinance Proposal (all provisions, including large-bank tax proposal)

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

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

Financial Institutions Examination Fairness and Reform Act (H.R. 3461 / S. 2160); The Small Business Lending Enhancement Act (H.R. 1418 / S. 509/ S. 2231); credit union member business lending; The Jumpstart Our Business Startups Act (H.R. 3606); Udall amendment (S.Amdt 1831) to H.R. 3606 to raise the credit union member business lending cap; Providing for consideration of H.R. 3606 (H.Res.572); Communities First Act (H.R. 1697); Restore Main Streets Credit Act (H.R. 4293); Credit Union Small Business Lending Act (H.R. 4191); Small Business Administration loan guarantee and lending programs; Capital Access for Small Businesses and Jobs Act (H.R. 3993); credit union access to supplemental capital; To amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection (H.R. 3871 / H.R. 4014 / S.2099); confidentiality of information provided by a financial institution to the Consumer Financial Protection Bureau; Government Sponsored Enterprise Reform; strategic defaults on mortgage loans; principal reduction on mortgage loans; mortgage bankruptcy cram-down; housing finance reform; The Private Mortgage Market Investment Act (H.R. 3654); Fannie Mae and Freddie Mac Transparency Act of 2011 (H.R. 463); Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 (H.R. 2436); The Housing Trust Fund Elimination Act (H.R. 2441); The Market Transparency and Taxpayer Protection Act (H.R. 2440); Cap the GSE Bailout Act (H.R. 2462); Removing GSEs Charters During Receivership Act of 2011 (H.R. 2439); Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act (H.R. 31); Equity in Government Compensation Act of 2011 (H.R. 1221); GSE Subsidy Elimination Act of 2011 (H.R. 1222); GSE Credit Risk Equitable Treatment Act of 2011 (H.R. 1223); GSE Portfolio Risk Reduction Act of 2011 (H.R. 1224); GSE Debt Issuance Approval Act of 2011 (H.R. 1225); GSE Mission Improvement Act of 2011 (H.R. 1226); GSE Risk and Activities Limitation Act of 2011 (H.R. 1227); GSE Bailout Elimination and Taxpayer Protection Act (H.R. 1182); Housing Finance Reform Act of 2011 (H.R. 1859); Secondary Market Facility for Residential Mortgages Act of 2011 (H.R. 2413); Residential Mortgage Market Privatization and Standardization Act of 2011 (S. 1834); Federal Home Loan Bank oversight issues; Qualified Residential Mortgage (QRM) definition; Fannie Mae / Freddie Mac guarantee-fee structure; Mortgage Servicing Standards; 30 year fixed-rate mortgage; Credit union tax exemption; Pay Roll Tax Extension Middle Class Tax Relief and Job Creation Act of 2012 (H.R. 3630); Temporary Payroll Tax Cut Continuation Act of 2011(H.R. 3765 / P.L. 122-78); Interchange Fees; Debit Interchange Fees; Consumers Payment System Protection Act (H.R. 1081); Debit Interchange Fee Study Act of 2011 (S.575 and S.Amdt. # 392); Flood insurance; National Flood Insurance Program (NFIP); Flood Insurance Reform Act of 2011 (H.R. 1309); A bill to amend the National Flood Insurance Act of 1968 to include a system for indeterminate loss insurance claims, and for other purposes (S. 1091); National Flood Insurance Program Extension Act (S. 1548); Flood Insurance Reform Priorities Act of 2011 (H.R. 1026); Data Security; Cyber Security; Secure and Fortify Data (SAFE) Act of 2011 (H.R. 2577); Data Security Act of 2011 (S. 1434); Personal Data Privacy and Security Act of 2011 (S. 1151); Data Security and Breach Notification Act of 2011 (S. 1207); Personal Data Protection and Breach Accountability Act of 2011 (S. 1535); Data Breach Notification Act of 2011 (S. 1408); Patent Reform; The Leahy-Smith America Invents Act (H.R. 1249); America Invents Act (S.23); The Dodd Frank Act (P.L. No. 111-203) as it relates to the credit rating industry; Responsible Consumer Financial Protection Regulations Act of 2011 (S. 737); The Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 4173 - P.L. 111-203); To repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 87); The Responsible Consumer Financial Protection Regulations Act of 2011(H.R. 1121); Consumer Financial Protection Safety and Soundness Improvement Act of 2011 (H.R. 1315); Bureau of Consumer Financial Protection Transfer Clarification Act (H.R. 1667); National Credit Union Administrations Central Liquidity Fund; Community Development Revolving Loan Fund Appropriations; Community Development Financial Institutions Fund Appropriations; Regulatory Relief for Credit Unions; Credit union capital under prompt corrective action; Credit unions and ability to add underserved areas to their fields of membership; Community charter conversions involving employee group credit unions; NCUA authority to establish longer maturities for certain credit union loans; Credit union governance issues; Voluntary credit union mergers involving multiple common bond credit unions; Interest on Lawyers Trust Accounts; Automatic Teller Machine (ATM) fee disclosures; Service members Civil Relief Act; Military Lending Act; Military Installation & Military Personnel Financial Services;; BRAC (Defense Base Closure and Realignment Commission); To amend the Service members Civil Relief Act to provide surviving spouses with certain protections relating to mortgages and mortgage foreclosures, and for other purposes (H.R. 1263); Consumer Financial Protection Bureau (CFPB); CFPB request for comment on regulatory streamlining (Regulation Z, relating to mortgages and credit cards lender cost of funds disclosure required on mortgage disclosures changes to the rules implementing the Mortgage Disclosure Improvement Act; changes that would permit a credit card issuer to consider household income when determining whether a consumer has the ability to repay; modifying requirement to reevaluate APR increases; requirement that lenders provide borrowers an annual statement regarding billing rights; higher transaction threshold for coverage under Reg Z similar exemption for the special rules for private student loans; Regulation E ATM fee disclosure notices; truncation of account number on periodic statement; Regulation E annual notice regarding error resolution; Regulation P requirement of annual privacy notices; Regulation C- institutions that refinance a single loan in a calendar year must file a Home Mortgage Disclosure Act (HMDA) report; Regulation V regarding lenders making firm offers of credit to include opt-out disclosures; Regulation B adverse action notices; CFPB draft of the prototype mortgage disclosure forms to be provided at settlement; CFPB potential changes to Regulation Z, and encouraging mindfulness of obligations under the Small Business Regulatory Enforcement and Fairness Act; CFPB request for comment on disclosure requirements for depository institutions lacking federal deposit insurance; credit union representation on CFPB advisory panels; CFPB proposed disclosure policy regarding credit card complaint data; CFPB draft credit card disclosure; FHFA strategic plan for enterprise conservatorship; FHFA proposed rule to require Federal Home Loan Banks to verify a members Community Reinvestment Act rating from publicly available information from the members banking regulatory agency; NCUA advanced notice of proposed rulemaking on potential independent authority for credit unions to engage in derivatives; Department of Housing and Urban Development and the Federal Housing Administration, concerns about strategic default on home mortgages; Internal Revenue Service definition of government plan under the Internal Revenue Code (IRC) 414(d); NCUA implementation of Section 342 of the Dodd-Frank Act regaring diversity policies and practices; NCUA regulations on community charters where the community in question is also a rural district; NCUA proposed rule on loan workouts and nonaccrual policy, and regulatory reporting of troubled debt restructured loans; NCUA proposed changes to the RegFlex program; NCUA proposed rule on loan participations; NCUA proposals on maintaining access to emergency liquidity; Federal Reserve proposed changes to Regulation D regarding reserve requirements for depository institutions; Federal Reserve request for comment regarding surveys to be conducted to help implement section 920 of the Electronic Fund transfer Act; NACHA-the Electronic Payments Association proposed rule on Expedited Processing and Settlement (EPS); Financial Crimes Enforcement Network regarding the Bank Secrecy Act reports; Federal Reserve proposed changes to Regulation Z with respect to consumer ability to repay their mortgage (CFPB); Federal Reserve proposed changes to Regulation E regarding international remittance transfers (CFPB); National Credit Union Administration proposed rule regarding Credit Union Services Organizations; Real Estate Settlement Procedures Act; Regulation of non-depository financial services providers; Interchange fees and network routing requirements; Troubled Debt Restructuring; Financial Regulatory Reform; Remittances.

Client expense: $550,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Defense, Dept of (DOD), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Natl Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, White House Office

Financial Institutions Examination Fairness and Reform Act (H.R. 3461 / S. 2160); The Small Business Lending Enhancement Act (H.R. 1418 / S. 509/ S. 2231); credit union member business lending; The Jumpstart Our Business Startups Act (H.R. 3606); Udall amendment (S.Amdt 1831) to H.R. 3606 to raise the credit union member business lending cap; Providing for consideration of H.R. 3606 (H.Res.572); Communities First Act (H.R. 1697); Restore Main Streets Credit Act (H.R. 4293); Credit Union Small Business Lending Act (H.R. 4191); Small Business Administration loan guarantee and lending programs; Capital Access for Small Businesses and Jobs Act (H.R. 3993); credit union access to supplemental capital; To amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection (H.R. 3871 / H.R. 4014 / S.2099); confidentiality of information provided by a financial institution to the Consumer Financial Protection Bureau; Government Sponsored Enterprise Reform; strategic defaults on mortgage loans; principal reduction on mortgage loans; mortgage bankruptcy cram-down; housing finance reform; The Private Mortgage Market Investment Act (H.R. 3654); Fannie Mae and Freddie Mac Transparency Act of 2011 (H.R. 463); Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 (H.R. 2436); The Housing Trust Fund Elimination Act (H.R. 2441); The Market Transparency and Taxpayer Protection Act (H.R. 2440); Cap the GSE Bailout Act (H.R. 2462); Removing GSEs Charters During Receivership Act of 2011 (H.R. 2439); Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act (H.R. 31); Equity in Government Compensation Act of 2011 (H.R. 1221); GSE Subsidy Elimination Act of 2011 (H.R. 1222); GSE Credit Risk Equitable Treatment Act of 2011 (H.R. 1223); GSE Portfolio Risk Reduction Act of 2011 (H.R. 1224); GSE Debt Issuance Approval Act of 2011 (H.R. 1225); GSE Mission Improvement Act of 2011 (H.R. 1226); GSE Risk and Activities Limitation Act of 2011 (H.R. 1227); GSE Bailout Elimination and Taxpayer Protection Act (H.R. 1182); Housing Finance Reform Act of 2011 (H.R. 1859); Secondary Market Facility for Residential Mortgages Act of 2011 (H.R. 2413); Residential Mortgage Market Privatization and Standardization Act of 2011 (S. 1834); Federal Home Loan Bank oversight issues; Qualified Residential Mortgage (QRM) definition; Fannie Mae / Freddie Mac guarantee-fee structure; Mortgage Servicing Standards; 30 year fixed-rate mortgage; Credit union tax exemption; Pay Roll Tax Extension Middle Class Tax Relief and Job Creation Act of 2012 (H.R. 3630); Temporary Payroll Tax Cut Continuation Act of 2011(H.R. 3765 / P.L. 122-78); Interchange Fees; Debit Interchange Fees; Consumers Payment System Protection Act (H.R. 1081); Debit Interchange Fee Study Act of 2011 (S.575 and S.Amdt. # 392); Flood insurance; National Flood Insurance Program (NFIP); Flood Insurance Reform Act of 2011 (H.R. 1309); A bill to amend the National Flood Insurance Act of 1968 to include a system for indeterminate loss insurance claims, and for other purposes (S. 1091); National Flood Insurance Program Extension Act (S. 1548); Flood Insurance Reform Priorities Act of 2011 (H.R. 1026); Data Security; Cyber Security; Secure and Fortify Data (SAFE) Act of 2011 (H.R. 2577); Data Security Act of 2011 (S. 1434); Personal Data Privacy and Security Act of 2011 (S. 1151); Data Security and Breach Notification Act of 2011 (S. 1207); Personal Data Protection and Breach Accountability Act of 2011 (S. 1535); Data Breach Notification Act of 2011 (S. 1408); Patent Reform; The Leahy-Smith America Invents Act (H.R. 1249); America Invents Act (S.23); The Dodd Frank Act (P.L. No. 111-203) as it relates to the credit rating industry; Responsible Consumer Financial Protection Regulations Act of 2011 (S. 737); The Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 4173 - P.L. 111-203); To repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 87); The Responsible Consumer Financial Protection Regulations Act of 2011(H.R. 1121); Consumer Financial Protection Safety and Soundness Improvement Act of 2011 (H.R. 1315); Bureau of Consumer Financial Protection Transfer Clarification Act (H.R. 1667); National Credit Union Administrations Central Liquidity Fund; Community Development Revolving Loan Fund Appropriations; Community Development Financial Institutions Fund Appropriations; Regulatory Relief for Credit Unions; Credit union capital under prompt corrective action; Credit unions and ability to add underserved areas to their fields of membership; Community charter conversions involving employee group credit unions; NCUA authority to establish longer maturities for certain credit union loans; Credit union governance issues; Voluntary credit union mergers involving multiple common bond credit unions; Interest on Lawyers Trust Accounts; Automatic Teller Machine (ATM) fee disclosures; Service members Civil Relief Act; Military Lending Act; Military Installation & Military Personnel Financial Services;; BRAC (Defense Base Closure and Realignment Commission); To amend the Service members Civil Relief Act to provide surviving spouses with certain protections relating to mortgages and mortgage foreclosures, and for other purposes (H.R. 1263); Consumer Financial Protection Bureau (CFPB); CFPB request for comment on regulatory streamlining (Regulation Z, relating to mortgages and credit cards lender cost of funds disclosure required on mortgage disclosures changes to the rules implementing the Mortgage Disclosure Improvement Act; changes that would permit a credit card issuer to consider household income when determining whether a consumer has the ability to repay; modifying requirement to reevaluate APR increases; requirement that lenders provide borrowers an annual statement regarding billing rights; higher transaction threshold for coverage under Reg Z similar exemption for the special rules for private student loans; Regulation E ATM fee disclosure notices; truncation of account number on periodic statement; Regulation E annual notice regarding error resolution; Regulation P requirement of annual privacy notices; Regulation C- institutions that refinance a single loan in a calendar year must file a Home Mortgage Disclosure Act (HMDA) report; Regulation V regarding lenders making firm offers of credit to include opt-out disclosures; Regulation B adverse action notices; CFPB draft of the prototype mortgage disclosure forms to be provided at settlement; CFPB potential changes to Regulation Z, and encouraging mindfulness of obligations under the Small Business Regulatory Enforcement and Fairness Act; CFPB request for comment on disclosure requirements for depository institutions lacking federal deposit insurance; credit union representation on CFPB advisory panels; CFPB proposed disclosure policy regarding credit card complaint data; CFPB draft credit card disclosure; FHFA strategic plan for enterprise conservatorship; FHFA proposed rule to require Federal Home Loan Banks to verify a members Community Reinvestment Act rating from publicly available information from the members banking regulatory agency; NCUA advanced notice of proposed rulemaking on potential independent authority for credit unions to engage in derivatives; Department of Housing and Urban Development and the Federal Housing Administration, concerns about strategic default on home mortgages; Internal Revenue Service definition of government plan under the Internal Revenue Code (IRC) 414(d); NCUA implementation of Section 342 of the Dodd-Frank Act regaring diversity policies and practices; NCUA regulations on community charters where the community in question is also a rural district; NCUA proposed rule on loan workouts and nonaccrual policy, and regulatory reporting of troubled debt restructured loans; NCUA proposed changes to the RegFlex program; NCUA proposed rule on loan participations; NCUA proposals on maintaining access to emergency liquidity; Federal Reserve proposed changes to Regulation D regarding reserve requirements for depository institutions; Federal Reserve request for comment regarding surveys to be conducted to help implement section 920 of the Electronic Fund transfer Act; NACHA-the Electronic Payments Association proposed rule on Expedited Processing and Settlement (EPS); Financial Crimes Enforcement Network regarding the Bank Secrecy Act reports; Federal Reserve proposed changes to Regulation Z with respect to consumer ability to repay their mortgage (CFPB); Federal Reserve proposed changes to Regulation E regarding international remittance transfers (CFPB); National Credit Union Administration proposed rule regarding Credit Union Services Organizations; Real Estate Settlement Procedures Act; Regulation of non-depository financial services providers; Interchange fees and network routing requirements; Troubled Debt Restructuring; Financial Regulatory Reform; Remittances.

Client expense: $550,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Defense, Dept of (DOD), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Natl Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, White House Office

H.R. 940, United States Covered Bond Act of 2011 (all provisions) Premium Capture Cash Reserve Account provision of the proposed rule on credit risk retention under the Dodd-Frank Act (76 Fed. Reg. 24090 (April 29, 2011)). Letter sent to Federal Reserve, SEC, FDIC, Treasury, HUD, and FHFA. S. 2038: STOCK Act, Section 16: Limitation on bonuses to executives of Fannie Mae and Freddie Mac GSE reform H.R. 31 - Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011 (all provisions) H.R. 940 - United States Covered Bond Act of 2011 (all provisions); also S.1835 - United States Covered Bond Act H.R. 1221 - Equity in Government Compensation Act of 2011 (all provisions) H.R. 1182 - GSE Bailout Elimination and Taxpayer Protection Act (all provisions) H.R. 1222 - GSE Subsidy Elimination Act of 2011 (all provisions) H.R. 1223 - GSE Credit Risk Equitable Treatment Act of 2011 (all provisions) H.R. 1224 - GSE Portfolio Risk Reduction Act of 2011, GSE portfolio limits; Asked House Financial Services Committee to include possible amendment regarding protecting multifamily as GSE portfolios are reduced H.R. 1225 - GSE Debt Issuance Approval Act of 2011 (all provisions) H.R. 1226 - GSE Mission Improvement Act of 2011 (all provisions) H.R. 1227 - GSE Risk and Activities Limitation Act of 2011 (all provisions); Asked House Financial Services Committee to include possible amendment that would allow GSEs to offer new mortgage products if they protected taxpayers P.L. 111-203, DoddFrank Wall Street Reform and Consumer Protection Act H.R. 1610 - Business Risk Mitigation and Price Stabilization Act of 2011; To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934 Fair Market Rents Public Proposals for the Future of the Housing Finance System Section 538 Multifamily Loan Guarantee program which is administered by the United States Department of Agricultures (USDA) Rural Development (RD) agency within Housing and Community Facilities. GSE Reform: Immediate Steps to Protect Taxpayers and End the Bailout H.R. 2413 - The Secondary Market Facility for Residential Mortgages Act of 2011 (all provisions) H.R. 1859 - Housing Finance Reform Act of 2011 (all provisions) H.R. 1573 - To facilitate implementation of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption. Lease Accounting Rules: Monitored Financial Accounting Standards Board (FASB) action on proposed lease accounting rules that FASB has agreed to reexpose for comment, File Reference: No. 1850-100, Exposure Draft: Leases and Exposure Draft, Leases H.R. 2586 : Swap Execution Facility Clarification Act (all provisions) H.R. 1225 - GSE Debt Issuance Approval Act of 2011 (all provisions) H.R. 463 - Fannie Mae and Freddie Mac Transparency Act of 2011 (all provisions) H.R. 2436 - Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 (all provisions) H.R. 2439 - Removing GSEs Charters During Receivership Act of 2011 (all provisions) H.R. 2440 - Market Transparency and Taxpayer Protection Act of 2011 (all provisions) H.R. 2441 - Housing Trust Fund Elimination Act of 2011 (all provisions) H.R. 2462 - Cap the GSE Bailout Act of 2011 (all provisions) S. 693 - GSE Bailout Elimination and Taxpayer Protection Act ; would wind down the GSEs and completely privatize the housing finance system over the next five years. (all provisions) Financial Regulatory Reform: End-Users of Swaps and Other Derivatives H.R. 3664 - Private Mortgage Market Investment Act. (all provisions) S.1834 - Residential Mortgage Market Privatization and Standardization Act of 2011 (all provisions) S.1963 - Mortgage Finance Act of 2011 (all provisions) Comments on Dodd-Frank financial reform law (P.L. 111-203) Meeting (Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Farm Credit Administration and the Federal Housing Finance Agency) End-Users of Swaps and Other Derivatives Letter/communication with Federal Housing Finance Agency re: Warehouse Lending Capacity H.R. 3606 JOBS Act - Amendment to add S. 1835, the U.S. Covered Bond Act, to the JOBS Act H.R. 2586 - Swap Execution Facility Clarification Act (all provisions) H.R. 2779 - Legislation to exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act. (all provisions) H.R. 2682 - Business Risk Mitigation and Price Stabilization Act of 2011 (all provisions) H.R. 4014 - Legislation to amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection. (all provisions) S. 2099- A bill to amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection. (all provisions)

Client expense: $443,000 · Firm income: Not reported

Government targets: Bureau of Citizenship & Immigration Services (BCIS), Consumer Product Safety Commission (CPSC), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Labor Relations Board (NLRB), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, White House Office

PL111-203 Dodd Frank Wall Street Reform and Consumer Protection Act; specifically credit risk retention, systemic risk regulation, the Federal Insurance Office and derivatives regulation Administration Report to Congress: Reforming America's Housing Finance Market HR1222 GSE Subsidy Elimination Act HR1223 GSE Credit Risk and Equitable Treatment Act HR1224 GSE Portfolio Reduction Act HR1227 GSE Risk and Activities Limitation Act S693 GSE Bailout Elimination and Taxpayer Protection Act S712 Financial Takeover Repeal Act of 2011 HR 2441 Housing Trust Fund Elimination Act HR 463 Fannie Mae and Freddie Mac Transparency Act of 2011 HR 2436 Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 HR 2439 Removing GSEs Charter During Receivership Act of 2011 HR 2462 Cap the GSE Bailout Act of 2011 HR 2440 Market Transparency and Taxpayer Protection Act of 2011 FHA Reform FHA Loan Limits Fair Credit Reporting Act HR1963 Mortgage Finance Act of 2011 S1834 Residential Mortgage Privatization and Standardization Act of 2011 HR772 Extended Tax Relief for All Act of 2011 HR3630 Temporary Payroll Tax Cut Continuation Act of 2011 HR3743 Temporary Payroll Tax Cut Continuation Act of 2011 HR1018 To amend the Internal Revenue Code of 1986, to make permanant the deduction for mortgage insurance premiums HR4264 FHA Emergency Fiscal Solvency Act of 2012

Client expense: $900,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), SENATE, Treasury, Dept of

HR 1223 - GSE Credit Risk Equitable Treatment Act of 2011 HR 1224 - GSE Portfolio Risk Reduction Act of 2011 HR 1227 a bill to prohibit Fannie Mae and Feddie Mac from offering any new products during the term of any conservatorship or receivership of such enterprises. HR. 1226 - A bill to repeal the affordable housing goals for Fannie Mae and Freddie Mac HR 31 Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers HR 1222 GSE Subsidy Elimination Act H.R. 1221 - Equity in Government Compensation Act of 2011, to suspend the current compensation packages for the senior executives of Fannie Mae and Freddie Mac and establish compensation for such positions in accordance with rates of pay for senior employees in the Executive Branch of the Federal Government. H.R. 1225 GSE Debt Issuance Approval Act of 2011 -To prohibit Fannie Mae and Freddie Mac from issuing any new debt without approval in advance by the Secretary of the Treasury HR. 2441Housing Trust Fund Elimination Act of 2011 -To terminate the Housing Trust Fund and the requirement that Fannie Mae and Freddie Mac make annual allocations for such Fund. HR 463 Fannie Mae and Freddie Mac Transparency Act of 2011 -To apply the Freedom of Information Act to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation during any period that such entities are in conservatorship or receivership. H.R.2436 Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 -To prohibit any reduction in the rate of dividends paid to the Secretary of the Treasury on the senior preferred stock of Fannie Mae and Freddie Mac purchased by the Secretary. H.R.2439 Removing GSEs Charters During Receivership Act of 2011 - To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to authorize the Federal Housing Finance Agency, as receiver of Fannie Mae or Freddie Mac, to revoke the charters of such enterprises or any limited-life regulated entity established under such receivership. H.R.2440 Market Transparency and Taxpayer Protection Act of 2011 -To protect the taxpayers of the United States by requiring Fannie Mae and Freddie Mac to sell or dispose of the assets of such enterprises that are not critical to their missions. H.R.2462 Cap the GSE Bailout Act of 2011 - To limit the aggregate amount provided by the taxpayers of the United States for the bailout of Fannie Mae and Freddie Mac. Dodd-Frank Wall Street Reform & Consumer Protection Act - Public Law No: 111-203. Implementation H.R.2413 Secondary Market Facility for Residential Mortgages Act of 2011 - Establishes a Secondary Market Facility for Residential Mortgages as an instrumentality of the federal government, subject to supervision by the Federal Housing Finance Agency (FHFA) Board. H.R.1859 Housing Finance Reform Act of 2011 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to authorize the Director of the Federal Housing Finance Agency (FHFA) to: (1) provide for the organization, incorporation, examination, operation, and regulation of housing finance guaranty associations (which may be corporations, mutual associations, partnerships, limited liability corporations, cooperatives, or other appropriate organizational forms); and (2) issue charters for them.

Client expense: $107,438 · Firm income: Not reported

Government targets: Energy, Dept of, Environmental Protection Agency (EPA), Federal Emergency Management Agency (FEMA), Federal Motor Carrier Safety Administration, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), Treasury, Dept of

Legislation: Regulatory environment affecting banks, including community banks; Debit Card Interchange Fee legislation (S.575, H.R.1081, H.R.3156); GSE legislation (H.R.1182, H.R.31, H.R.1221, H.R.1222,H.R.1223, H.R.1224, H.R.1225, H.R.1226, H.R.1227, H.R.2436, H.R.2441, H.R.2440, H.R.2462, H.R.463, H.R.2439); Mortgage Foreclosure Relief legislation (H.R.830, H.R.836, H.R.839, H.R.861) ; (Continued on next page) Legislation (cont'd.): Credit Union business lending (S.509, H.R.1418, S.2231); Internet Gambling Regulation (H.R.1174); Consumer Financial Protection Bureau Governance (H.R.1121, H.R.1315). Small Business Lending (S.493), Bankruptcy Legislation (S.222), National Flood Insurance Reform (H.R.1309), Business Activity Tax Simplification Act (H.R. 1439), Executive Compensation (H.R. 1062), Covered Bonds (H.R.940), Patent Reform (H.R.1249), CFPB Appropriations Legislation. Information Security/Privacy (H.R.2577, H.R.3035, S.1151, S.1408, S.1434, S.1535), Deficit Reduction, American Jobs Act, Appropriation Legislation, Patent Office Reform (H.R.1249). Fannie Mae/Freddie Mac/FHA Fees (H.R. 3765); Flood Insurance Reform & Extension (H.R.2608, HJ Res. 94, HJ Res. 95, H.R.2055, H.R.3671, S.1958); Bank & Corporate Governance (H.R. 1965, S.556, S.1941,H.R.2940, H.R.2930); SEC Registration Threshold (H.R.2167, HR.1070); Sarbanes-Oxley Auditor Requirements (H.R.3213); Restoration of Fannie Mae/Freddie Mac/FHA Higher Loan Limits (Amendment to Ag Appropriations bill); Bank Examination Fairness (H.R.3461,S.2160); Bank Failure Study Legislation (H.R.2056); Federal Tax on Larger Financial Institutions; Credit Union Capital (H.R.3993); Amendment on non-resident alien interest reporting; The JOBS Act - H.R.3606; Municipal Advisor Exemption - H.R.2827; CFPB Confidential Information Protection - H.R.4014. Regulation: Fed. Reg. B (Equal Credit Opportunity) Rules, Fed and FDIC Orderly Resolution Regulations for Systemically Significant Companies, Fin CEN Bank Secrecy Act reporting requirements, General Obligation Bonds, Thrift institution regulation and reporting transfer to OCC and Fed, FASB Auditor Independence Rules, OCC Guidance on Deposit-Related Consumer Credit Products, Fed, FDIC and OCC Retail Foreign Exchange Rules, Regulation Q, Fed and FTC Credit Score Disclosure Rules, OCC Foreclosure Guidance. FDIC Assessment, Base & Rate Regulation; Registration of Mortgage Loan Originators; Federal Reserve Regulation II - debit card interchange fee regulation; SEC registration of municipal advisor regulation; FDIC Interest on Lawyer Account deposit insurance coverage regulation; FASB Mark to Market Accounting; shareholder executive compensation rules; FASB lease accounting rules; FASB impairment of financial asset rules; mortgage disclosure regulation; regulatory burden relief; federal garnishment rules; Federal Home Loan Bank system membership; Credit Card Act implementation; Regulation Z (Truth-in-Lending) amendments; Payment Settlement Entity Reporting; Interest on Non-Resident Alien Account Reporting; Credit Risk Retention Regulation. FDIC and OCC Overdraft and Bank Product Guidance, Repeal of Reg. Q, FHFA Rules on purchase of housing cooperative loans, IRS Guidance on Trust Commissions, Fed Savings and Loan Holding Company Regulation, Fed Remittance Transfer Proposal, National bank preemption, Risk-based capital requirements, CFPB Regulations. Home Mortgage Disclosure Act Reporting of Assignments in lieu of Mortgage Discharge (Reg C); Restrictions on Bank Proprietary Trading (Volcker Rule); Acquisitions of non-systemically significant financial institutions; Flood Insurance Guidance; Treasury Home Affordable Refinance Program; Examiner Treatment of New York State and Local Government Securities; CFPB Credit Card Disclosures; CFPB Deposit Account Disclosures; CFPB Mortgage Disclosures; Enhanced Regulation of large bank holding companies and non-bank firms. Patent and Trademark Reform Regulatory Implementation; Regulations Implementing the Dodd-Frank Act; Stress Test Regulations; Allowance for Loan and Lease Losses (ALLL); Servicing and Foreclosure Guidance and Regulations; Home Loan Bank Member Supervision; CFPB Streamlined Regulations Project; CFPB Regulations on Privileged Information.

Client expense: $70,000 · Firm income: Not reported

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Natl Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), Patent & Trademark Office (PTO), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of

PL111-203 Dodd Frank Wall Street Reform and Consumer Protection Act; specifically credit risk retention, systemic risk regulation, the Federal Insurance Office and derivatives regulation Administration Report to Congress: Reforming America's Housing Finance Market HR1222 GSE Subsidy Elimination Act HR1223 GSE Credit Risk and Equitable Treatment Act HR1224 GSE Portfolio Reduction Act HR1227 GSE Risk and Activities Limitation Act S693 GSE Bailout Elimination and Taxpayer Protection Act S712 Financial Takeover Repeal Act of 2011 HR 2441 Housing Trust Fund Elimination Act HR 463 Fannie Mae and Freddie Mac Transparency Act of 2011 HR 2436 Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 HR 2439 Removing GSEs Charter During Receivership Act of 2011 HR 2462 Cap the GSE Bailout Act of 2011 HR 2440 Market Transparency and Taxpayer Protection Act of 2011 FHA Reform FHA Loan Limits Fair Credit Reporting Act HR1963 Mortgage Finance Act of 2011 S1834 Residential Mortgage Privatization and Standardization Act of 2011 HR772 Extended Tax Relief for All Act of 2011 HR3630 Temporary Payroll Tax Cut Continuation Act of 2011 HR3743 Temporary Payroll Tax Cut Continuation Act of 2011

Client expense: $1,400,000 · Firm income: Not reported

Government targets: Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Housing & Urban Development, Dept of (HUD), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

H.R. 31 (The Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011); H.R. 1221 (The Equity in Government Compensation Act); H.R. 1222 (The GSE Subsidy Elimination Act); H.R. 1223 (The GSE Credit Risk Equitable Treatment Act); H.R. 1223 (GSE Credit Risk Equitable Treatment Act of 2011); H.R. 1224 (The Portfolio Risk Reduction Act); H.R. 1225 (The GSE Debt Issuance Approval Act); H.R. 1226 (The GSE Mission Improvement Act); H.R. 1227 (The GSE Risk and Activities Limitation Act); H.R. 1859 (Housing Finance Reform Act of 2011); H.R. 2413 (Seconday Market Facility for Residential Mortgages Act); H.R. 2425 (Transparency and Security in Mortgage Registration Act; H.R. 2428 (GSE Legal Fee Reduction Act); H.R. 2436 (Fannie Mae and Freddie Mac Taxpayer Payback Act); H.R. 2439 (Removing GSEs Charters During Receivership Act); H.R. 2440 (Market Transparency and Taxapayer Protection Act); H.R. 2441 (Housing Trust Fund Elimination Act); H.R. 2446 (RESPA Home Warranty Clarification Act); H.R. 2509 (Preserving Consumers' Mortgage Origination Choices Act); Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; Housing Affordability and Stability Plan; Servicing compensation; Credit Rating Agency Reform.

Client expense: $1,230,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act; H.R. 1309, the Flood Insurance Reform and Modernization Act; H.R. 1315, the Consumer Financial Protection Safety and Soundness Improvement Act of 2011; H.R. 1667, the Bureau of Consumer Financial Protection Transfer Clarification Act; H.R. 1221, Equity in Government Compensation Act of 2011; the Market Transparency and Taxpayer Protection Act; H.R. 1859, Housing Finance Reform Act of 2011; H.R. 2441, Housing Trust Fund Elimination Act of 2011; H.R. 463, Fannie Mae and Freddie Mac Transparency Act of 2011; H.R. 2436, Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011; H.R. 2439, Removing GSEs Charters During Receivership Act of 2011; H.R. 2462, Cap the GSE Bailout Act of 2011; S.627, Budget Control Act of 2011, H.R 2440, Market Transparency and Taxpayer Protection Act of 2011; H.R. 3630, Temporary Payroll Tax Cut Continuation Act of 2011; H.R. 3671, Consolidated Appropriations Act of 2012; H.R. 2112, Consolidated and Further Continuing Appropriations Act of 2012; H.R. 3644, Private Mortgage Market Investment Act

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Consumer Financial Protection Bureau; Consumer Financial Protection Bureau draft of the prototype mortgage disclosure forms provided at closing; Federal Housing Finance Agency discussion paper on alternative mortgage servicing rights compensation structures; Federal Reserve proposed changes to Regulation D regarding reserve requirements for depository institutions; Federal Reserve request for comment regarding surveys to be conducted to help implement section 920 of the Electronic Fund Transfer Act; Internal Revenue Service reporting of interest paid to nonresident aliens; NACHA-the Electronic Payments Association proposed rule on Expedited Processing and Settlement (EPS); National Credit Union Administration operating budget for 2012; National Credit Union Administration regarding proposed changes to the Interagency Questions and Answers related to the National Flood Insurance Program; National Credit Union Administrations outline of functions performed by the Office of Consumer Protection; National Credit Union Administrations guidance with respect to troubled debt restructuring; National Credit Union Administrations proposed rule to amend part 704 of the agencys regulations on corporate credit unions; U.S. Small Business Administration regarding lifting the credit union member business lending cap; Financial Crimes Enforcement Network regarding the electronic filing of Bank Secrecy Act reports; Department of Treasury, Office of Financial Education and Financial Access, regarding financial access activities under section 1204 of the Dodd-Frank Wall Street Reform and Consumer Protection Act; Federal Reserve interim final rule on the fraud adjustment for debit interchange fees; Federal Reserve proposed changes to Regulation Z with respect to consumer ability to repay their mortgage; Federal Reserve proposed changes to Regulation E regarding international remittance transfers; National Credit Union Administration proposed rule regarding Credit Union Services Organizations; National Credit Union Administration updated lost estimates with respect to the corporate credit union stabilization; National Credit Union Administration and implementation of President Obamas Executive Order (13579), Regulation and Independent Regulatory Agencies; National Credit Union Administrations Advance Notice of Proposed Rulemaking regarding derivatives; U.S. Small Business Administration and legislation that would lift the credit union member business lending cap; Real Estate Settlement Procedures Act; Regulation of non-depository financial services providers; Interchange fees and network routing requirements; National Credit Union Share Insurance Fund; National Credit Union Administrations Budget; Troubled Debt Restructuring; Financial Regulatory Reform; Remittances; National Credit Union Administrations corporate stabilization plan; National Credit Union Administrations proposed rule on Interest Rate Risk Management; Risk based capital standards; GAO Report-12-247, Jan 4, 2012 - NATIONAL CREDIT UNION ADMINISTRATION- Earlier Actions Are Needed to Better Address Troubled Credit Unions; Member business lending; Credit union member business lending; Small Business Lending Enhancement Act (H.R. 1418 / S. 509); Communities First Act (H.R. 1697); Small Business Jobs Act of 2010 (PL 111-240); Small Business Administration loan guarantee and lending programs; Government Sponsored Enterprise Reform; Housing Finance Reform; The Private Mortgage Market Investment Act (H.R. 3654); Fannie Mae and Freddie Mac Transparency Act of 2011 (H.R. 463); Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 (H.R. 2436); The Housing Trust Fund Elimination Act (H.R. 2441); The Market Transparency and Taxpayer Protection Act (H.R. 2440); Cap the GSE Bailout Act (H.R. 2462); Removing GSEs Charters During Receivership Act of 2011 (H.R. 2439); Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act (H.R. 31); Equity in Government Compensation Act of 2011 (H.R. 1221); GSE Subsidy Elimination Act of 2011 (H.R. 1222); GSE Credit Risk Equitable Treatment Act of 2011 (H.R. 1223); GSE Portfolio Risk Reduction Act of 2011 (H.R. 1224); GSE Debt Issuance Approval Act of 2011 (H.R. 1225); GSE Mission Improvement Act of 2011 (H.R. 1226); GSE Risk and Activities Limitation Act of 2011 (H.R. 1227); GSE Bailout Elimination and Taxpayer Protection Act (H.R. 1182); Housing Finance Reform Act of 2011 (H.R. 1859); Secondary Market Facility for Residential Mortgages Act of 2011 (H.R. 2413); Residential Mortgage Market Privatization and Standardization Act of 2011 (S. 1834); Federal Home Loan Bank oversight issues; Mortgage loan principal reduction; Qualified Residential Mortgage (QRM) definition; Fannie Mae / Freddie Mac guarantee fee structure; Mortgage Servicing Standards;30 year fixed-rate mortgage; ; Defense credit union issues effecting service members and their families; Service members Civil Relief Act; Financial institutions access to military bases; To amend the Internal Revenue Code of 1986 to repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities, to modify the calculation of modified adjusted gross income for purposes of determining eligibility for certain healthcare-related programs, and for other purposes (H.R. 674); To amend the Service members Civil Relief Act to provide surviving spouses with certain protections relating to mortgages and mortgage foreclosures, and for other purposes (H.R. 1263); National Defense Authorization Act for Fiscal Year 2012 (H.R. 1540); Protecting Service members from Mortgage Abuses Act of 2011(H.R. 1566); Protecting Veterans' Homes Act (H.R. 1911); Ensuring a Response for Service members Act (H.R. 2329); Veterans Opportunity to Work Act of 2011 (H.R. 2433); Don't Default on Military Families Act (H.R. 2654); Protecting Service members from Mortgage Abuses Act of 2011 (S.486); Credit union tax exemption; Statutory federal debt limit; Joint Select Committee on Deficit Reduction; Budget Control Act of 201 1(P.L. 112-25); Payroll Tax Extension (H.R. 3630 - Temporary Payroll Tax Cut Act of 2011); Payroll Tax Extension (H.R. 3765 / P.L.112-78); Interchange Fees; Debit interchange fees; Consumers Payment System Protection Act (H.R. 1081); Debit Interchange Fee Study Act of 2011 (S. 575 and S. Amdt #392); Legislation making appropriations for financial services and general government for fiscal year ending September 30, 2012; Consolidated appropriations act of 2012 (P.L. 112-74); Flood Insurance; National Flood Insurance Program (NFIP); Flood Insurance Reform Act of 2011 (H.R. 1309); A bill to amend the National Flood Insurance Act of 1968 to include a system for indeterminate loss insurance claims, and for other purposes (S. 1091); National Flood Insurance Program Extension Act (S. 154 8); Flood Insurance Reform Priorities Act of 2011 (H.R. 1026 ); Data Security; Cyber Security; Secure and Fortify Data (SAFE) Act of 2011 (H.R. 2577); Data Security Act of 2011 (S. 1434); Personal Data Privacy and Security Act of 2011 (S. 1151); Data Security and Breach Notification Act of 2011 (S. 1207); Personal Data Protection and Breach Accountability Act of 2011 (S. 1535); Data Breach Notification Act of 2011 (S. 1408); Patent Reform; The Leahy-Smith America Invents Act (H.R. 1249); America Invents Act (S.23); Internet Gambling; Internet Gambling Prohibition, Poker Consumer Protection, and Strengthening UIGEA Act of 2001 (H.R. 2366 - Section 202); The Dodd Frank Act (P.L. No. 111-203) as it relates to the credit rating industry; Credit union supplemental capital; Responsible Consumer Financial Protection Regulations Act of 2011 (S. 737); The Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 4173 - P.L. 111-203); To repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 87); The Responsible Consumer Financial Protection Regulations Act of 2011(H.R. 1121); Consumer Financial Protection Safety and Soundness Improvement Act of 2011 (H.R. 1315); Bureau of Consumer Financial Protection Transfer Clarification Act (H.R. 1667); National Credit Union Administrations Central Liquidity Fund; Community Development Revolving Loan Fund Appropriations; Community Development Financial Institutions Fund Appropriations; Regulatory Relief for Credit Unions; Credit union capital under prompt corrective action; Credit unions and ability to add underserved areas to their fields of membership; Community charter conversions involving employee group credit unions; NCUA authority to establish longer maturities for certain credit union loans; Credit union governance issues; Voluntary credit union mergers involving multiple common bond credit unions; Interest on Lawyers Trust Accounts.

Client expense: $540,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Defense, Dept of (DOD), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Natl Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, White House Office

Consumer Financial Protection Bureau; Consumer Financial Protection Bureau draft of the prototype mortgage disclosure forms provided at closing; Federal Housing Finance Agency discussion paper on alternative mortgage servicing rights compensation structures; Federal Reserve proposed changes to Regulation D regarding reserve requirements for depository institutions; Federal Reserve request for comment regarding surveys to be conducted to help implement section 920 of the Electronic Fund Transfer Act; Internal Revenue Service reporting of interest paid to nonresident aliens; NACHA-the Electronic Payments Association proposed rule on Expedited Processing and Settlement (EPS); National Credit Union Administration operating budget for 2012; National Credit Union Administration regarding proposed changes to the Interagency Questions and Answers related to the National Flood Insurance Program; National Credit Union Administrations outline of functions performed by the Office of Consumer Protection; National Credit Union Administrations guidance with respect to troubled debt restructuring; National Credit Union Administrations proposed rule to amend part 704 of the agencys regulations on corporate credit unions; U.S. Small Business Administration regarding lifting the credit union member business lending cap; Financial Crimes Enforcement Network regarding the electronic filing of Bank Secrecy Act reports; Department of Treasury, Office of Financial Education and Financial Access, regarding financial access activities under section 1204 of the Dodd-Frank Wall Street Reform and Consumer Protection Act; Federal Reserve interim final rule on the fraud adjustment for debit interchange fees; Federal Reserve proposed changes to Regulation Z with respect to consumer ability to repay their mortgage; Federal Reserve proposed changes to Regulation E regarding international remittance transfers; National Credit Union Administration proposed rule regarding Credit Union Services Organizations; National Credit Union Administration updated lost estimates with respect to the corporate credit union stabilization; National Credit Union Administration and implementation of President Obamas Executive Order (13579), Regulation and Independent Regulatory Agencies; National Credit Union Administrations Advance Notice of Proposed Rulemaking regarding derivatives; U.S. Small Business Administration and legislation that would lift the credit union member business lending cap; Real Estate Settlement Procedures Act; Regulation of non-depository financial services providers; Interchange fees and network routing requirements; National Credit Union Share Insurance Fund; National Credit Union Administrations Budget; Troubled Debt Restructuring; Financial Regulatory Reform; Remittances; National Credit Union Administrations corporate stabilization plan; National Credit Union Administrations proposed rule on Interest Rate Risk Management; Risk based capital standards; GAO Report-12-247, Jan 4, 2012 - NATIONAL CREDIT UNION ADMINISTRATION- Earlier Actions Are Needed to Better Address Troubled Credit Unions; Member business lending; Credit union member business lending; Small Business Lending Enhancement Act (H.R. 1418 / S. 509); Communities First Act (H.R. 1697); Small Business Jobs Act of 2010 (PL 111-240); Small Business Administration loan guarantee and lending programs; Government Sponsored Enterprise Reform; Housing Finance Reform; The Private Mortgage Market Investment Act (H.R. 3654); Fannie Mae and Freddie Mac Transparency Act of 2011 (H.R. 463); Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 (H.R. 2436); The Housing Trust Fund Elimination Act (H.R. 2441); The Market Transparency and Taxpayer Protection Act (H.R. 2440); Cap the GSE Bailout Act (H.R. 2462); Removing GSEs Charters During Receivership Act of 2011 (H.R. 2439); Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act (H.R. 31); Equity in Government Compensation Act of 2011 (H.R. 1221); GSE Subsidy Elimination Act of 2011 (H.R. 1222); GSE Credit Risk Equitable Treatment Act of 2011 (H.R. 1223); GSE Portfolio Risk Reduction Act of 2011 (H.R. 1224); GSE Debt Issuance Approval Act of 2011 (H.R. 1225); GSE Mission Improvement Act of 2011 (H.R. 1226); GSE Risk and Activities Limitation Act of 2011 (H.R. 1227); GSE Bailout Elimination and Taxpayer Protection Act (H.R. 1182); Housing Finance Reform Act of 2011 (H.R. 1859); Secondary Market Facility for Residential Mortgages Act of 2011 (H.R. 2413); Residential Mortgage Market Privatization and Standardization Act of 2011 (S. 1834); Federal Home Loan Bank oversight issues; Mortgage loan principal reduction; Qualified Residential Mortgage (QRM) definition; Fannie Mae / Freddie Mac guarantee fee structure; Mortgage Servicing Standards;30 year fixed-rate mortgage; ; Defense credit union issues effecting service members and their families; Service members Civil Relief Act; Financial institutions access to military bases; To amend the Internal Revenue Code of 1986 to repeal the imposition of 3 percent withholding on certain payments made to vendors by government entities, to modify the calculation of modified adjusted gross income for purposes of determining eligibility for certain healthcare-related programs, and for other purposes (H.R. 674); To amend the Service members Civil Relief Act to provide surviving spouses with certain protections relating to mortgages and mortgage foreclosures, and for other purposes (H.R. 1263); National Defense Authorization Act for Fiscal Year 2012 (H.R. 1540); Protecting Service members from Mortgage Abuses Act of 2011(H.R. 1566); Protecting Veterans' Homes Act (H.R. 1911); Ensuring a Response for Service members Act (H.R. 2329); Veterans Opportunity to Work Act of 2011 (H.R. 2433); Don't Default on Military Families Act (H.R. 2654); Protecting Service members from Mortgage Abuses Act of 2011 (S.486); Credit union tax exemption; Statutory federal debt limit; Joint Select Committee on Deficit Reduction; Budget Control Act of 201 1(P.L. 112-25); Payroll Tax Extension (H.R. 3630 - Temporary Payroll Tax Cut Act of 2011); Payroll Tax Extension (H.R. 3765 / P.L.112-78); Interchange Fees; Debit interchange fees; Consumers Payment System Protection Act (H.R. 1081); Debit Interchange Fee Study Act of 2011 (S. 575 and S. Amdt #392); Legislation making appropriations for financial services and general government for fiscal year ending September 30, 2012; Consolidated appropriations act of 2012 (P.L. 112-74); Flood Insurance; National Flood Insurance Program (NFIP); Flood Insurance Reform Act of 2011 (H.R. 1309); A bill to amend the National Flood Insurance Act of 1968 to include a system for indeterminate loss insurance claims, and for other purposes (S. 1091); National Flood Insurance Program Extension Act (S. 154 8); Flood Insurance Reform Priorities Act of 2011 (H.R. 1026 ); Data Security; Cyber Security; Secure and Fortify Data (SAFE) Act of 2011 (H.R. 2577); Data Security Act of 2011 (S. 1434); Personal Data Privacy and Security Act of 2011 (S. 1151); Data Security and Breach Notification Act of 2011 (S. 1207); Personal Data Protection and Breach Accountability Act of 2011 (S. 1535); Data Breach Notification Act of 2011 (S. 1408); Patent Reform; The Leahy-Smith America Invents Act (H.R. 1249); America Invents Act (S.23); Internet Gambling; Internet Gambling Prohibition, Poker Consumer Protection, and Strengthening UIGEA Act of 2001 (H.R. 2366 - Section 202); The Dodd Frank Act (P.L. No. 111-203) as it relates to the credit rating industry; Credit union supplemental capital; Responsible Consumer Financial Protection Regulations Act of 2011 (S. 737); The Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 4173 - P.L. 111-203); To repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act (H.R. 87); The Responsible Consumer Financial Protection Regulations Act of 2011(H.R. 1121); Consumer Financial Protection Safety and Soundness Improvement Act of 2011 (H.R. 1315); Bureau of Consumer Financial Protection Transfer Clarification Act (H.R. 1667); National Credit Union Administrations Central Liquidity Fund; Community Development Revolving Loan Fund Appropriations; Community Development Financial Institutions Fund Appropriations; Regulatory Relief for Credit Unions; Credit union capital under prompt corrective action; Credit unions and ability to add underserved areas to their fields of membership; Community charter conversions involving employee group credit unions; NCUA authority to establish longer maturities for certain credit union loans; Credit union governance issues; Voluntary credit union mergers involving multiple common bond credit unions; Interest on Lawyers Trust Accounts.

Client expense: $540,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Defense, Dept of (DOD), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Natl Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, White House Office

S. 1615 Financial Regulatory Responsibility Act S. 1650 Dodd-Frank Improvement Act of 2011 S. 1834 Residential Mortgage Market Privatization and Standardization Act of 2011 S. 1835 United States Covered Bond Act Commodities Exchange-Traded Funds H.R. 31 Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act H.R. 463 Fannie Mae and Freddie Mac Transparency Act of 2011 H.R. 940 United States Covered Bond Act of 2011 H.R. 1182 GSE Bailout Elimination and Taxpayer Protection Act H.R. 1221 Equity in Government Compensation Act H.R. 1222 GSE Subsidy Elimination Act H.R. 1223 GSE Credit Risk Equitable Treatment Act H.R. 1224 GSE Portfolio Risk Reduction Act H.R. 1225 GSE Debt Issuance Approval Act H.R. 1226 GSE Mission Improvement Act H.R. 1227 GSE Risk and Activities Limitation Act H.R. 1539 Asset-Backed Market Stabilization Act of 2011 H.R. 1573 Delay Implementation of Title VII of Dodd-Frank Act H.R. 1838 Repeal DFA provision prohibiting assistance to swap dealers or participants H.R. 1859 Housing Finance Reform Act of 2011 H.R. 2308 SEC Regulatory Accountability Act H.R. 2428 GSE Legal Fee Reduction Act of 2011 H.R. 2436 Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 H.R. 2439 Removing GSEs Charters During Receivership Act of 2011 H.R. 2440 Market Transparency and Taxpayer Protection Act H.R. 2441 Housing Trust Fund Elimination Act H.R. 2462 Cap the GSE Bailout Act of 2011 H.R. 2483 Whistleblower Improvement Act of 2011 H.R. 2586 Swap Execution Facility Clarification Act H.R. 2682 Business Risk Mitigation and Price Stabilization Act of 2011 H.R. 2779 To exempt inter-affiliate swaps from Dodd-Frank Act H.R. 3045 Retirement Income Protection Act Private Mortgage Market Investment Act SEC Modernization Act Investment Adviser Oversight Act of 2011 CFTC Rule 4.5 Money Market Mutual Funds Volcker Rule Municipal Securities Transparency Act of 2011

Client expense: $1,019,624 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

PL111-203 Dodd Frank Wall Street Reform and Consumer Protection Act; specifically credit risk retention, systemic risk regulation, the Federal Insurance Office and derivatives regulation Administration Report to Congress: Reforming America's Housing Finance Market HR1222 GSE Subsidy Elimination Act HR1223 GSE Credit Risk and Equitable Treatment Act HR1224 GSE Portfolio Reduction Act HR1227 GSE Risk and Activities Limitation Act S693 GSE Bailout Elimination and Taxpayer Protection Act S712 Financial Takeover Repeal Act of 2011 HR 2441 Housing Trust Fund Elimination Act HR 463 Fannie Mae and Freddie Mac Transparency Act of 2011 HR 2436 Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 HR 2439 Removing GSEs Charter During Receivership Act of 2011 HR 2462 Cap the GSE Bailout Act of 2011 HR 2440 Market Transparency and Taxpayer Protection Act of 2011 FHA Reform FHA Loan Limits Fair Credit Reporting Act HR1963 Mortgage Finance Act of 2011 S1834 Residential Mortgage Privatization and Standardization Act of 2011 HR772 Extended Tax Relief for All Act of 2011 HR3630 Temporary Payroll Tax Cut Continuation Act of 2011 HR3743 Temporary Payroll Tax Cut Continuation Act of 2011

Client expense: $1,080,000 · Firm income: Not reported

Government targets: Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Housing & Urban Development, Dept of (HUD), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

GSE reform H.R. 31 - Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011 (all provisions) H.R. 940 - United States Covered Bond Act of 2011 (all provisions); also S.1835 - United States Covered Bond Act H.R. 1221 - Equity in Government Compensation Act of 2011 (all provisions) H.R. 1182 - GSE Bailout Elimination and Taxpayer Protection Act (all provisions) H.R. 1222 - GSE Subsidy Elimination Act of 2011 (all provisions) H.R. 1223 - GSE Credit Risk Equitable Treatment Act of 2011 (all provisions) H.R. 1224 - GSE Portfolio Risk Reduction Act of 2011, GSE portfolio limits; Asked House Financial Services Committee to include possible amendment regarding protecting multifamily as GSE portfolios are reduced H.R. 1225 - GSE Debt Issuance Approval Act of 2011 (all provisions) H.R. 1226 - GSE Mission Improvement Act of 2011 (all provisions) H.R. 1227 - GSE Risk and Activities Limitation Act of 2011 (all provisions); Asked House Financial Services Committee to include possible amendment that would allow GSEs to offer new mortgage products if they protected taxpayers P.L. 111-203, DoddFrank Wall Street Reform and Consumer Protection Act H.R. 1610 - Business Risk Mitigation and Price Stabilization Act of 2011; To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934 Fair Market Rents Public Proposals for the Future of the Housing Finance System Section 538 Multifamily Loan Guarantee program which is administered by the United States Department of Agricultures (USDA) Rural Development (RD) agency within Housing and Community Facilities. GSE Reform: Immediate Steps to Protect Taxpayers and End the Bailout HR 2413 - The Secondary Market Facility for Residential Mortgages Act of 2011 (all provisions) H.R. 1859 - Housing Finance Reform Act of 2011 (all provisions) H.R. 1573 - To facilitate implementation of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption. H.R.1082 - Small Business Capital Access and Job Preservation Act. Asked House Financial Services Committee to include report language stating the Committee's intent that real estate funds would be included in bill's exemption of private equity fund advisors from SEC registration and reporting. Lease Accounting Rules: Monitored Financial Accounting Standards Board (FASB) action on proposed lease accounting rules that FASB has agreed to reexpose for comment, File Reference: No. 1850-100, Exposure Draft: Leases and Exposure Draft, Leases H.R.2586 : Swap Execution Facility Clarification Act H.R. 1224 - GSE Portfolio Risk Reduction Act of 2011 H.R. 1221 - Equity in Government Compensation Act of 2011 H.R. 31 - Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011 H.R. 1223 - GSE Credit Risk Equitable Treatment Act of 2011 H.R. 1222 - GSE Subsidy Elimination Act of 2011 H.R. 1225 - GSE Debt Issuance Approval Act of 2011 H.R. 1226 - GSE Mission Improvement Act of 2011 H.R. 1227 - GSE Risk and Activities Limitation Act of 2011 H.R. 463 - Fannie Mae and Freddie Mac Transparency Act of 2011 H.R. 2436 - Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 H.R. 2441 - Housing Trust Fund Elimination Act of 2011 H.R. 2440 - Market Transparency and Taxpayer Protection Act of 2011 H.R. 2462 - Cap the GSE Bailout Act of 2011 H.R. 2439 - Removing GSEs Charters During Receivership Act of 2011 H.R. 1859 - Housing Finance Reform Act of 2011 S. 693 - GSE Bailout Elimination and Taxpayer Protection Act ; would wind down the GSEs and completely privatize the housing finance system over the next five years. Financial Regulatory Reform: End-Users of Swaps and Other Derivatives H.R. 3664 - Private Mortgage Market Investment Act. S.1834 - Residential Mortgage Market Privatization and Standardization Act of 2011 S.1963 - Mortgage Finance Act of 2011 Comments on Dodd-Frank financial reform law (P.L. 111-203) Meeting (Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Farm Credit Administration and the Federal Housing Finance Agency) End-Users of Swaps and Other Derivatives Letter/communication with Federal Housing Finance Agency re: Warehouse Lending Capacity

Client expense: $514,000 · Firm income: Not reported

Government targets: Bureau of Citizenship & Immigration Services (BCIS), Consumer Product Safety Commission (CPSC), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Natl Economic Council (NEC), Natl Labor Relations Board (NLRB), Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office

H.R. 463, the Fannie Mae and Freddie Mac Transparency Act of 2011 H.R. 830, the FHA Refinance Program Termination Act. H.R. 836, the Emergency Mortgage Relief Program Termination Act H.R. 839, the HAMP Termination Act of 2011 H.R. 861, the NSP Termination Act H.R. 1182, the GSE Bailout Elimination and Taxpayer Protection Act H.R. 1221, the Equity in Government Compensation Act of 2011 (all provisions) H.R. 1222, the GSE Subsidy Elimination Act of 2011 (all provisions) H.R. 1224, the GSE Portfolio Risk Reduction Act of 2011 (all provisions) H.R. 1225, the GSE Debt Issuance Approval Act of 2011 (all provisions) H.R. 2436, the Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 H.R. 2439, the Removing GSEs Charters During Receivership Act of 2011 H.R. 2440, the Market Transparency and Taxpayer Protection Act of 2011 H.R. 2441, the Housing Trust Fund Elimination Act of 2011 H.R. 2462, the Cap the GSE Bailout Act of 2011

Client expense: $1,790,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Council of Economic Advisers (CEA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Treasury, Dept of, White House Office

HR 1223 - GSE Credit Risk Equitable Treatment Act of 2011 HR 1224 - GSE Portfolio Risk Reduction Act of 2011 HR 1227 a bill to prohibit Fannie Mae and Feddie Mac from offering any new products during the term of any conservatorship or receivership of such enterprises. HR. 1226 - A bill to repeal the affordable housing goals for Fannie Mae and Freddie Mac HR 31 Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers HR 1222 GSE Subsidy Elimination Act H.R. 1221 - Equity in Government Compensation Act of 2011, to suspend the current compensation packages for the senior executives of Fannie Mae and Freddie Mac and establish compensation for such positions in accordance with rates of pay for senior employees in the Executive Branch of the Federal Government. H.R. 1225 GSE Debt Issuance Approval Act of 2011 -To prohibit Fannie Mae and Freddie Mac from issuing any new debt without approval in advance by the Secretary of the Treasury HR. 2441Housing Trust Fund Elimination Act of 2011 -To terminate the Housing Trust Fund and the requirement that Fannie Mae and Freddie Mac make annual allocations for such Fund. HR 463 Fannie Mae and Freddie Mac Transparency Act of 2011 -To apply the Freedom of Information Act to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation during any period that such entities are in conservatorship or receivership. H.R.2436 Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 -To prohibit any reduction in the rate of dividends paid to the Secretary of the Treasury on the senior preferred stock of Fannie Mae and Freddie Mac purchased by the Secretary. H.R.2439 Removing GSEs Charters During Receivership Act of 2011 - To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to authorize the Federal Housing Finance Agency, as receiver of Fannie Mae or Freddie Mac, to revoke the charters of such enterprises or any limited-life regulated entity established under such receivership. H.R.2440 Market Transparency and Taxpayer Protection Act of 2011 -To protect the taxpayers of the United States by requiring Fannie Mae and Freddie Mac to sell or dispose of the assets of such enterprises that are not critical to their missions. H.R.2462 Cap the GSE Bailout Act of 2011 - To limit the aggregate amount provided by the taxpayers of the United States for the bailout of Fannie Mae and Freddie Mac. Dodd-Frank Wall Street Reform & Consumer Protection Act - Public Law No: 111-203. Implementation H.R.2413 Secondary Market Facility for Residential Mortgages Act of 2011 - Establishes a Secondary Market Facility for Residential Mortgages as an instrumentality of the federal government, subject to supervision by the Federal Housing Finance Agency (FHFA) Board. H.R.1859 Housing Finance Reform Act of 2011 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to authorize the Director of the Federal Housing Finance Agency (FHFA) to: (1) provide for the organization, incorporation, examination, operation, and regulation of housing finance guaranty associations (which may be corporations, mutual associations, partnerships, limited liability corporations, cooperatives, or other appropriate organizational forms); and (2) issue charters for them.

Client expense: $96,349 · Firm income: Not reported

Government targets: Energy, Dept of, Environmental Protection Agency (EPA), Federal Emergency Management Agency (FEMA), Federal Motor Carrier Safety Administration, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE, Small Business Administration (SBA), Treasury, Dept of

Legislation: Regulatory environment affecting banks, including community banks; Debit Card Interchange Fee legislation (S.575, H.R.1081, H.R.3156); GSE legislation (H.R.1182, H.R.31, H.R.1221, H.R.1222,H.R.1223, H.R.1224, H.R.1225, H.R.1226, H.R.1227, H.R.2436, H.R.2441, H.R.2440, H.R.2462, H.R.463, H.R.2439); Mortgage Foreclosure Relief legislation (H.R.830, H.R.836, H.R.839, H.R.861) ; (Continued on next page) Legislation (cont'd.): Credit Union business lending (S.509, H.R.1418); Internet Gambling Regulation (H.R.1174); Consumer Financial Protection Bureau Governance (H.R.1121, H.R.1315). Small Business Lending (S.493), Bankruptcy Legislation (S.222), National Flood Insurance Reform (H.R.1309), Business Activity Tax Simplification Act (H.R. 1439), Executive Compensation (H.R. 1062), Covered Bonds (H.R.940), Patent Reform (H.R.1249), CFPB Appropriations Legislation. Information Security/Privacy (H.R.2577, H.R.3035, S.1151, S.1408, S.1434, S.1535), Deficit Reduction, American Jobs Act, Appropriation Legislation, Patent Office Reform (H.R.1249). Fannie Mae/Freddie Mac/FHA Fees (H.R. 3765); Flood Insurance Reform & Extension (H.R.2608, HJ Res. 94, HJ Res. 95, H.R.2055, H.R.3671, S.1958); Bank & Corporate Governance (H.R. 1965, S.556, S.1941,H.R.2940, H.R.2930); SEC Registration Threshold (H.R.2167, HR.1070); Sarbanes-Oxley Auditor Requirements (H.R.3213); Restoration of Fannie Mae/Freddie Mac/FHA Higher Loan Limits (Amendment to Ag Appropriations bill); Bank Examination Fairness (H.R.3461); Bank Failure Study Legislation (H.R.2056). Regulation: Fed. Reg. B (Equal Credit Opportunity) Rules, Fed and FDIC Orderly Resolution Regulations for Systemically Significant Companies, Fin CEN Bank Secrecy Act reporting requirements, General Obligation Bonds, Thrift institution regulation and reporting transfer to OCC and Fed, FASB Auditor Independence Rules, OCC Guidance on Deposit-Related Consumer Credit Products, Fed, FDIC and OCC Retail Foreign Exchange Rules, Regulation Q, Fed and FTC Credit Score Disclosure Rules, OCC Foreclosure Guidance. FDIC Assessment, Base & Rate Regulation; Registration of Mortgage Loan Originators; Federal Reserve Regulation II - debit card interchange fee regulation; SEC registration of municipal advisor regulation; FDIC Interest on Lawyer Account deposit insurance coverage regulation; FASB Mark to Market Accounting; shareholder executive compensation rules; FASB lease accounting rules; FASB impairment of financial asset rules; mortgage disclosure regulation; regulatory burden relief; federal garnishment rules; Federal Home Loan Bank system membership; Credit Card Act implementation; Regulation Z (Truth-in-Lending) amendments; Payment Settlement Entity Reporting; Interest on Non-Resident Alien Account Reporting; Credit Risk Retention Regulation. FDIC and OCC Overdraft and Bank Product Guidance, Repeal of Reg. Q, FHFA Rules on purchase of housing cooperative loans, IRS Guidance on Trust Commissions, Fed Savings and Loan Holding Company Regulation, Fed Remittance Transfer Proposal, National bank preemption, Risk-based capital requirements, CFPB Regulations. Home Mortgage Disclosure Act Reporting of Assignments in lieu of Mortgage Discharge (Reg C); Restrictions on Bank Proprietary Trading (Volcker Rule); Acquisitions of non-systemically significant financial institutions; Flood Insurance Guidance; Treasury Home Affordable Refinance Program; Examiner Treatment of New York State and Local Government Securities; CFPB Credit Card Disclosures; CFPB Deposit Account Disclosures; CFPB Mortgage Disclosures; Enhanced Regulation of large bank holding companies and non-bank firms.

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

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of

H.R. 31 (The Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011); H.R. 1221 (The Equity in Government Compensation Act); H.R. 1222 (The GSE Subsidy Elimination Act); H.R. 1223 (The GSE Credit Risk Equitable Treatment Act); H.R. 1223 (GSE Credit Risk Equitable Treatment Act of 2011); H.R. 1224 (The Portfolio Risk Reduction Act); H.R. 1225 (The GSE Debt Issuance Approval Act); H.R. 1226 (The GSE Mission Improvement Act); H.R. 1227 (The GSE Risk and Activities Limitation Act); H.R. 1859 (Housing Finance Reform Act of 2011); H.R. 2413 (Seconday Market Facility for Residential Mortgages Act); H.R. 2425 (Transparency and Security in Mortgage Registration Act; H.R. 2428 (GSE Legal Fee Reduction Act); H.R. 2436 (Fannie Mae and Freddie Mac Taxpayer Payback Act); H.R. 2439 (Removing GSEs Charters During Receivership Act); H.R. 2440 (Market Transparency and Taxapayer Protection Act); H.R. 2441 (Housing Trust Fund Elimination Act); H.R. 2446 (RESPA Home Warranty Clarification Act); H.R. 2509 (Preserving Consumers' Mortgage Origination Choices Act); Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; Housing Affordability and Stability Plan; Servicing compensation; Credit Rating Agency Reform.

Client expense: $1,300,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

HR 1182 GSE Bailout Elimination and Taxpayer Protection Act HR 463 - Fannie Mae and Freddie Mac Transparency Act HR 2436 - Fannie Mae and Freddie Mac Taxpayer Payback Act S 693 - GSE Bailout Elimination and Taxpayer Protection Act HR 2441 Housing Trust Fund Elimination Act HR 2440 Market Transparency and Taxpayer Protection Act HR 2462 Cap the GSE Bailout Act HR 2439 Remove GSEs Charters During Receivership Act HR 2428 GSE Legal Fee Reduction Act HR 1859 - Housing Finance Reform Act

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act; H.R. 1309, the Flood Insurance Reform and Modernization Act; H.R. 1315, the Consumer Financial Protection Safety and Soundness Improvement Act of 2011; H.R. 1667, the Bureau of Consumer Financial Protection Transfer Clarification Act; H.R. 2440, H.R. 1221, Equity in Government Compensation Act of 2011; the Market Transparency and Taxpayer Protection Act; H.R. 1589, Housing Finance Reform Act of 2011; H.R. 2441, Housing Trust Fund Elimination Act of 2011; H.R. 463, Fannie Mae and Freddie Mac Transparency Act of 2011; H.R. 2436, Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011; H.R. 2439, Removing GSEs Charters During Receivership Act of 2011; H.R. 2462, Cap the GSE Bailout Act of 2011; S.627, Budget Control Act of 2011

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE