Swap Data Repository and Clearinghouse Indemnification Correction Act of 2012

H.R. 4235, the Swap Data Repository & Clearinghouse Indemnification Correction Act of 2012 H.R. 1838, the Swap Bailout Prevention Act H.R. 3283, the Swap Jurisdiction Certainty Act

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Briefed and educated Congressional offices on the role of clearance and settlement of securities transactions, the centralized collection of data relating to credit default swaps in US financial markets and its impact on the transparency of such markets. Discussion of these issues also included harmonization of the Dodd-Frank regulations with EU regulations; HR 4235, Swap Data Repository and Clearinghouse Indemnification Correction Act of 2012 and cybersecurity.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

See Addendum. S. 2105, "The Cybersecurity Act of 2012". H.R. 1610, "Business Risk Mitigation and Price Stabilization Act of 2011", which amends the definition of major swap participant and major security-based swap participant. H.R. 1838, "Swaps Bailout Prevention Act". H.R. 2308, "SEC Regulatory Accountability Act". H.R. 4235, a bill to repeal the indemnification requirements for regulatory authorities to obtain access to swap data required to be provided by swaps entitites under such Acts. SEC Proposed Rule, "Registration of Municipal Advisors", 17 CFR, Parts 240 and 249, 76 FR 824-969 (1/6/11). SEC and CFTC, proposed rule 17 CFR Part 240, further definition of "Swap Dealer", "Security Based Swap Dealer", "Major Swap Participant", etc., SEC Release No. 24-63452 (12/7/10). SEC Study on Investment Advisers and Broker-Dealers, as required by Section 913 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (January 2011). SEC Study on Enhancing Investment Adviser Examiniations, prepared by the staff of the Securities and Exchange Commission (SEC) under Section 914 of the Dodd-Frank Act. FDIC Interim Final Rule on Orderly Liquidation Authority (1/25/11). Financial Stability Oversight Counsel, Notice of proposed rulemaking regarding authority to require supervision of certain non-bank financial companies, (1/26/11). Proposed Rules regarding incentive based compensation arrangements by seven federal agencies, including the SEC, to implement Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (3/3/11). Section 9541, "Dodd Frank Wall Street Reform & Consumer Protection Act", Notice of proposed rulemaking, Credit Risk Retention SEC, (Release No. 34-64148; File No. S7-14-11). No bill number - A bill to amend the Investment Advisers Act of 1940 to provide for the registration and oversight of national investment adviser associations.

S. 1151 - Personal Data Privacy and Security Act of 2011, data breach and cyber security provisions; S. 1207 - Data Security and Breach Notification Act of 2011, data breach and cyber security provisions; S. 1434 - Data Security Act of 2011, data breach and cyber security provisions; H.R. 1707 - Data Accountability and Trust Act, data breach and cyber security provisions; matters relating to the FDIC's Temporary Account Guarantee Program Extension H.R. 1841 - Data Accountability and Trust Act (DATA) of 2011, data breach and cyber security provisions. H.R. 2577 - Secure and Fortify Electronic Data Act, data breach and cyber security provisions. H.R. 1838 - To repeal a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act prohibiting any Federal bailout of swap dealers or participants, Lincoln push-out rule amendment provision. H.R. 3461 - Financial Institutions Examination Fairness and Reform Act, CFPB Large Bank Examination provisions. H.R. 4014 - To amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection, CFPB Large Bank Examination provisions. S. 2099 - A bill to amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection, CFPB Large Bank Examination provisions. H.R. 3283 - Swap Jurisdiction Certainty Act, derivatives reform provisions. H.R. 4235 - SWAP Data Repository and Clearinghouse Indemnification Correction Act of 2012, derivatives reform provisions. S. 1483 - Incorporation Transparency and Law Enforcement Assistance Act, provisions related to beneficial ownership. P.L. 111-203 - Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1073, Regulation E, Subpart B, remittance transfer provisions. P.L. 111-203 - Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1412, CFPB Qualified Mortgage definition. P.L. 111-203 - Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 165, Basel III implementation and Volcker Rule - bank balance sheet management provisions . P.L. 111-203 - Dodd-Frank Wall Street Reform and Consumer Protection Act, Titles I, II and X - provisions on systemic risk. Issues regarding U.S. payments law and regulations.

Public Law 111-203, HR 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act implementation and regulatory reform. H.R.1610: To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934. H.R. 1223 - To amend the Securities Exchange Act of 1934 to ensure mortgages held or securitized by Fannie Mae and Freddie Mac and asset-backed securities issued by such enterprises are treated similarly as other mortgages and asset-backed securities for purposes of the credit risk retention requirements under such Act. HR 2682: Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements for certain significant price discovery agreements, contracts, or transactions in a commodity exempt from regulation by the Commodity Futures Trading Commission (CFTC). Amends the Securities Exchange Act of 1934, with respect to registration and regulation of security-based swap dealers and major security-based swap participants, to exempt from initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization any security-based swap in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements. H.R. 3283: clarifies Dodd-Frank Act provisions to ensure the equal treatment of U.S. firms conducting transactions outside of the U.S. and foreign firms conducting similar activities. H.R. 4235: repeals the Dodd-Frank Act indemnification requirements for regulators to obtain data from SDRs H.R.4624: Investment Adviser Oversight Act of 2012 - Amends the Investment Advisers Act of 1940 to require investment advisers to register with a registered national investment adviser association, unless exempted according to specified criteria. S. 947 To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934 S1615: Financial Regulatory Responsibility Act-Requires financial regulators to conduct consistent economic analysis on every new rule they propose, provide clear justification for the rules, and determine the economic impacts of proposed rulemakings, including their effects on growth and net job creation. HR940, S.1835: United States Covered Bond Act of 2011 - Directs the Secretary of the Treasury to establish a regulatory oversight program for specified recourse debt obligations of an eligible issuer (covered bonds) that provides for such bonds to be maintained in a manner consistent with safe and sound asset-liability management and other financial practices.

Issues relating to the regulatory rule-making process implementing the Dodd-Frank Act in the following areas: SWAP Data Repositories, extra territoriality, Indemnification, Office of financial Research, Title VII Derivatives, Title VIII Systemically Important Financial Market Utilities, HR 4235 Indemnification.

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

H.R. 4235, the Swap Data Repository & Clearinghouse Indemnification Correction Act of 2012 H.R. 1838, the Swap Bailout Prevention Act H.R. 3283, the Swap Jurisdiction Certainty Act

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Briefed and educated Congressional offices on the role of clearance and settlement of securities transactions, the centralized collection of data relating to credit default swaps in US financial markets, and its impact on the transparency of such markets. Discussion of these issues also included harmonization of the Dodd-Frank regulations with EU regulations. HR 4235, Swap Data Repository and Clearinghouse Indemnification Correction Act of 2012 and related issues; cybersecurity

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues relating to the regulatory rule-making process implementing the Dodd-Frank Act in the following areas: SWAP Data Repositories, extra territoriality, Indemnification, Office of financial Research, Title VII Derivatives, Title VIII Systemically Important Financial Market Utilities, HR 4235 Indemnification.

Client expense: Not reported · Firm income: $200,000

See Addendum. S. 2105, "The Cybersecurity Act of 2012". H.R. 1610, "Business Risk Mitigation and Price Stabilization Act of 2011", which amends the definition of major swap participant and major security-based swap participant. H.R. 1838, "Swaps Bailout Prevention Act". H.R. 2308, "SEC Regulatory Accountability Act". H.R. 4235, a bill to repeal the indemnification requirements for regulatory authorities to obtain access to swap data required to be provided by swaps entities under such Acts. SEC Proposed Rule, "Registration of Municipal Advisors", 17 CFR, Parts 240 and 249, 76 FR 824-969 (1/6/11). SEC and CFTC, proposed rule 17 CFR Part 240, further definition of "Swap Dealer", "Security Based Swap Dealer", "Major Swap Participant", etc., SEC Release No. 34-63452 (12/7/10). SEC Study on Investment Advisers and Broker-Dealers, as required by Section 913 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (January 2011). SEC Study on Enhancing Investment Adviser Examinations, prepared by the staff of the Securities and Exchange Commission (SEC) under Section 914 of Dodd-Frank Act. FDIC Interim Final Rule on Orderly Liquidation Authority (1/25/11). Financial Stability Oversight Counsel, Notice of proposed rulemaking regarding authority to require supervision of certain non-bank financial companies, (1/26/11). Proposed Rules regarding incentive based compensation arrangements by seven federal agencies, including the SEC, to implement Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (3/3/11). Section 9541, "Dodd Frank Wall Street Refom & Consumer Protection Act", Notice of proposed rulemaking, Credit Risk Retention SEC, (Release No. 34-64148; File No. S7-14-11) No bill number - A bill to amend the Investment Advisers Act of 1940 to provide for the registration and oversight of national investment adviser associations

Public Law 111-203, HR 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act implementation and regulatory reform. H.R.1610: To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934. H.R. 1223 - To amend the Securities Exchange Act of 1934 to ensure mortgages held or securitized by Fannie Mae and Freddie Mac and asset-backed securities issued by such enterprises are treated similarly as other mortgages and asset-backed securities for purposes of the credit risk retention requirements under such Act. HR 2682: Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements for certain significant price discovery agreements, contracts, or transactions in a commodity exempt from regulation by the Commodity Futures Trading Commission (CFTC). Amends the Securities Exchange Act of 1934, with respect to registration and regulation of security-based swap dealers and major security-based swap participants, to exempt from initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization any security-based swap in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements. H.R. 3283: clarifies Dodd-Frank Act provisions to ensure the equal treatment of U.S. firms conducting transactions outside of the U.S. and foreign firms conducting similar activities. H.R. 4235: repeals the Dodd-Frank Act indemnification requirements for regulators to obtain data from SDRs S. 947 To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934 S1615: Financial Regulatory Responsibility Act-Requires financial regulators to conduct consistent economic analysis on every new rule they propose, provide clear justification for the rules, and determine the economic impacts of proposed rulemakings, including their effects on growth and net job creation. HR940, S.1835: United States Covered Bond Act of 2011 - Directs the Secretary of the Treasury to establish a regulatory oversight program for specified recourse debt obligations of an eligible issuer (covered bonds) that provides for such bonds to be maintained in a manner consistent with safe and sound asset-liability management and other financial practices.

S. 1151 - Personal Data Privacy and Security Act of 2011, data breach and cyber security provisions. S. 1207 - Data Security and Breach Notification Act of 2011, data breach and cyber security provisions. S. 1434 - Data Security Act of 2011, data breach and cyber security provisions. H.R. 1707 - Data Accountability and Trust Act, data breach and cyber security provisions. H.R. 1841 - Data Accountability and Trust Act (DATA) of 2011, data breach and cyber security provisions. H.R. 2577 - Secure and Fortify Electronic Data Act, data breach and cyber security provisions. H.R. 1838 - To repeal a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act prohibiting any Federal bailout of swap dealers or participants, Lincoln push-out rule amendment provision. H.R. 3461 - Financial Institutions Examination Fairness and Reform Act, CFPB Large Bank Examination provisions. H.R. 4014 - To amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection, CFPB Large Bank Examination provisions. S. 2099 - A bill to amend the Federal Deposit Insurance Act with respect to information provided to the Bureau of Consumer Financial Protection, CFPB Large Bank Examination provisions. H.R. 3283 - Swap Jurisdiction Certainty Act, derivatives reform provisions. H.R. 4235 - SWAP Data Repository and Clearinghouse Indemnification Correction Act of 2012, derivatives reform provisions. S. 2101 - Iran Sanctions, Accountability, and Human Rights Act of 2012, Iran sanctions provisions. H.R. 1905 - Iran Sanctions, Accountability, and Human Rights Act of 2012, Iran sanctions provisions. H.R. 2533 - Chapter 11 Bankruptcy Venue Reform Act of 2011, bankruptcy venue reform provisions. P.L. 111-203 - Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1073, Regulation E, Subpart B, remittance transfer provisions. P.L. 111-203 - Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1071, bank capital regulation provisions. P.L. 111-203 - Dodd-Frank Wall Street Reform and Consumer Protection Act, Section 1065, bank capital, liquidity and balance sheet management provisions. Issues regarding U.S. payments law and regulations.

H.R. 4235, the Swap Data Repository & Clearinghouse Indemnification Correction Act of 2012 H.R. 1838, the Swap Bailout Prevention Act H.R. 3283, the Swap Jurisdiction Certainty Act

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

See Addendum. S. 2105, "The Cybersecurity Act of 2012". H.R. 1610, "Business Risk Mitigation and Price Stabilization Act of 2011", which amends the definition of major swap participant and major security-based swap participant. H.R. 1838, "Swaps Bailout Prevention Act". H.R. 2308, "SEC Regulatory Accountability Act". H.R. 2577, SAFE Data Act by Representative Bono Mack (R-CA). H.R. 3045, Retirement Income Protection Act of 2011 a bill to amend the Employee Retirement Income Security Act of 1974, the Commodity Exchange Act, and the Securities Exchange Act of 1934 to ensure that pension plans can use swaps to hedge risks, and for other purposes. H.R. 4235, a bill to repeal the indemnification requirements for regulatory authorities to obtain access to swap data required to be provided by swaps entities under such Acts. SEC Proposed Rule, "Registration of Municipal Advisors", 17 CFR, Parts 240 and 249, 76 FR 824-969 (1/6/11). SEC Proposed Rule on "Mutual Fund Distribution Fees" - [Release Nos. 33-9128; 34-62544; IC-29367; File No. 57-15-10] (7/21/10). SEC and CFTC, proposed rule 17 CFR Part 240, further definition of "Swap Dealer", "Security Based Swap Dealer", "Major Swap Participant", etc., SEC Release No. 34-63452 (12/7/10). SEC Study on Investment Advisers and Broker-Dealers, as required by Section 913 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (January 2011). SEC Study on Enhancing Investment Adviser Examinations, prepared by the staff of the Securities and Exchange Commission (SEC) under Section 914 of Dodd-Frank Act. FDIC Interim Final Rule on Orderly Liquidation Authority (1/25/11). Federal Reserve Board, proposed Rule 12 CFR, Part 225, "Conformance period for entities engaged in prohibited private funding or private equity fund or hedge fund activities", 75 FR 7272 (11/26/10). Financial Stability Oversight Counsel, Notice of proposed rulemaking regarding authority to require supervision of certain non-bank financial companies, (1/26/11). Proposed Rules regarding incentive based compensation arrangements by seven federal agencies, including the SEC, to implement Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (3/3/11). Section 9541, "Dodd Frank Wall Street Refom & Consumer Protection Act", Notice of proposed rulemaking, Credit Risk Retention SEC, (Release No. 34-64148; File No. S7-14-11) No bill number - A bill to amend the Investment Advisers Act of 1940 to provide for the registration and oversight of national investment adviser associations

Public Law 111-203, HR 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act implementation and regulatory reform. H.R.1610: To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934. H.R. 1223 - To amend the Securities Exchange Act of 1934 to ensure mortgages held or securitized by Fannie Mae and Freddie Mac and asset-backed securities issued by such enterprises are treated similarly as other mortgages and asset-backed securities for purposes of the credit risk retention requirements under such Act. HR 2682: Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements for certain significant price discovery agreements, contracts, or transactions in a commodity exempt from regulation by the Commodity Futures Trading Commission (CFTC). Amends the Securities Exchange Act of 1934, with respect to registration and regulation of security-based swap dealers and major security-based swap participants, to exempt from initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization any security-based swap in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements. H.R. 3283: clarifies Dodd-Frank Act provisions to ensure the equal treatment of U.S. firms conducting transactions outside of the U.S. and foreign firms conducting similar activities. H.R. 4235: repeals the Dodd-Frank Act indemnification requirements for regulators to obtain data from SDRs S. 947 To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934 S.799 Kerry-Mccain privacy bill-A bill to establish a regulatory framework for the comprehensive protection of personal data for individuals under the aegis of the Federal Trade Commission. S1615: Financial Regulatory Responsibility Act-Requires financial regulators to conduct consistent economic analysis on every new rule they propose, provide clear justification for the rules, and determine the economic impacts of proposed rulemakings, including their effects on growth and net job creation. HR940, S.1835: United States Covered Bond Act of 2011 - Directs the Secretary of the Treasury to establish a regulatory oversight program for specified recourse debt obligations of an eligible issuer (covered bonds) that provides for such bonds to be maintained in a manner consistent with safe and sound asset-liability management and other financial practices.

Public Law 111-203, HR 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act implementation and regulatory reform. H.R.1610: To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934. H.R. 1223 - To amend the Securities Exchange Act of 1934 to ensure mortgages held or securitized by Fannie Mae and Freddie Mac and asset-backed securities issued by such enterprises are treated similarly as other mortgages and asset-backed securities for purposes of the credit risk retention requirements under such Act. HR 2682: Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements for certain significant price discovery agreements, contracts, or transactions in a commodity exempt from regulation by the Commodity Futures Trading Commission (CFTC). Amends the Securities Exchange Act of 1934, with respect to registration and regulation of security-based swap dealers and major security-based swap participants, to exempt from initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization any security-based swap in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements. H.R. 3283: clarifies Dodd-Frank Act provisions to ensure the equal treatment of U.S. firms conducting transactions outside of the U.S. and foreign firms conducting similar activities. H.R. 4235: repeals the Dodd-Frank Act indemnification requirements for regulators to obtain data from SDRs S. 947 To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934 S.799 Kerry-Mccain privacy bill-A bill to establish a regulatory framework for the comprehensive protection of personal data for individuals under the aegis of the Federal Trade Commission. S1615: Financial Regulatory Responsibility Act-Requires financial regulators to conduct consistent economic analysis on every new rule they propose, provide clear justification for the rules, and determine the economic impacts of proposed rulemakings, including their effects on growth and net job creation. HR940, S.1835: United States Covered Bond Act of 2011 - Directs the Secretary of the Treasury to establish a regulatory oversight program for specified recourse debt obligations of an eligible issuer (covered bonds) that provides for such bonds to be maintained in a manner consistent with safe and sound asset-liability management and other financial practices.

Public Law 111-203, HR 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act implementation and regulatory reform. H.R.1610: To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934. H.R. 1223 - To amend the Securities Exchange Act of 1934 to ensure mortgages held or securitized by Fannie Mae and Freddie Mac and asset-backed securities issued by such enterprises are treated similarly as other mortgages and asset-backed securities for purposes of the credit risk retention requirements under such Act. HR 2682: Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements for certain significant price discovery agreements, contracts, or transactions in a commodity exempt from regulation by the Commodity Futures Trading Commission (CFTC). Amends the Securities Exchange Act of 1934, with respect to registration and regulation of security-based swap dealers and major security-based swap participants, to exempt from initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization any security-based swap in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements. H.R. 3283: clarifies Dodd-Frank Act provisions to ensure the equal treatment of U.S. firms conducting transactions outside of the U.S. and foreign firms conducting similar activities. H.R. 4235: repeals the Dodd-Frank Act indemnification requirements for regulators to obtain data from SDRs S. 947 To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934 S.799 Kerry-Mccain privacy bill-A bill to establish a regulatory framework for the comprehensive protection of personal data for individuals under the aegis of the Federal Trade Commission. S1615: Financial Regulatory Responsibility Act-Requires financial regulators to conduct consistent economic analysis on every new rule they propose, provide clear justification for the rules, and determine the economic impacts of proposed rulemakings, including their effects on growth and net job creation. HR940, S.1835: United States Covered Bond Act of 2011 - Directs the Secretary of the Treasury to establish a regulatory oversight program for specified recourse debt obligations of an eligible issuer (covered bonds) that provides for such bonds to be maintained in a manner consistent with safe and sound asset-liability management and other financial practices.

Public Law 111-203, HR 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act implementation and regulatory reform. H.R.1610: To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934. H.R. 1223 - To amend the Securities Exchange Act of 1934 to ensure mortgages held or securitized by Fannie Mae and Freddie Mac and asset-backed securities issued by such enterprises are treated similarly as other mortgages and asset-backed securities for purposes of the credit risk retention requirements under such Act. HR 2682: Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements for certain significant price discovery agreements, contracts, or transactions in a commodity exempt from regulation by the Commodity Futures Trading Commission (CFTC). Amends the Securities Exchange Act of 1934, with respect to registration and regulation of security-based swap dealers and major security-based swap participants, to exempt from initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization any security-based swap in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements. H.R. 3283: clarifies Dodd-Frank Act provisions to ensure the equal treatment of U.S. firms conducting transactions outside of the U.S. and foreign firms conducting similar activities. H.R. 4235: repeals the Dodd-Frank Act indemnification requirements for regulators to obtain data from SDRs S. 947 To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934 S.799 Kerry-Mccain privacy bill-A bill to establish a regulatory framework for the comprehensive protection of personal data for individuals under the aegis of the Federal Trade Commission. S1615: Financial Regulatory Responsibility Act-Requires financial regulators to conduct consistent economic analysis on every new rule they propose, provide clear justification for the rules, and determine the economic impacts of proposed rulemakings, including their effects on growth and net job creation. HR940, S.1835: United States Covered Bond Act of 2011 - Directs the Secretary of the Treasury to establish a regulatory oversight program for specified recourse debt obligations of an eligible issuer (covered bonds) that provides for such bonds to be maintained in a manner consistent with safe and sound asset-liability management and other financial practices.