MODDERN Cures Act of 2013

MODDERN Cures Act, H.R. 3091 and H.R. 3116.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

See Addendum.S. 1647, the "Tax Hike Prevention & Business Certainty Act", a bill that would maintain and extend the current tax rates on capital gains and dividends. H.R. 8, "The American Taxpayer Relief Act of 2012" - the fiscal cliff bill, averting scheduled income tax rate increases and the spending reductions required by the sequestration process. H.R. 3091, the "Tax Hike Prevention & Business Certainty Act", a bill that would maintain and extend the current tax rates on capital gains and dividends. No Bill Number - Treasury Department Explanation of the Administration's FY-2013 Budget Tax proposals to (1) modify the dividends received deduction for life insurance company's general investment and separate accounts; (2) reporting of sales of existing life insurance contracts with a death benefit of $1M or more; (3) interest expense disallowance for corporate-owned life insurance (COLI) policies; and (4) international tax reforms. General explanations of the Administration's FY-2012 Revenue Proposals, Department of Treasury, "Green book". FATCA, Notice 2011-34 - Supplemental notice to Notice 2010-60, providing further guidance and requesting comments under Chapter 4 of Subtitle A of the code. Various proposals regarding deficit reduction with respect to retirement security. Various proposals related to the president's plan for economic growth and deficit reduction as it relates to (1) the tax exempt status of municipal bond interest, apping the amount of the tax deductibility on municipal bonds at 28%, below the current top tax rates. No Bill Number - Select Revenue Measures Subcommittee Hearing on the international tax reform discussion draft to solicit feedback on the details of the corporate rate cut and participation exemption (i.e., territorial) system in an effort to include as part of comprehensive tax reform (10/26/11). Financial Product Tax Reform discussion draft released by House Ways & Means Committee.

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

Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of