Permanent Active Financing Exception Act of 2014

S. 2260, "EXPIRE Act of 2014" (R&D tax credit, CFC Look-thru, and active financing exemption) H.R. 4438, American Research and Competitiveness Act of 2014 (entire bill) Compliance with US corporate tax laws and Congressional oversight of US corporate tax laws. (no bill) H.R. 4916, "Power Act" (entire Bill) H.R. 4429, "Permanent Active Financing Exception Act of 2014" (entire bill) Corporate tax reform (no bill) H.R. 4464, "Permanent CFC Look-Through Act of 2014" (entire bill) Compliance with U.S. corporate tax laws and Congressional oversight of US corporate tax laws. (no bill) Legislation to improve the alternative simplified R&E credit (no bill)

Client expense: $1,640,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Environmental Protection Agency (EPA), Executive Office of the President (EOP), Export-Import Bank of the United States (EXIM Bank), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Security Council (NSC), SENATE, Treasury, Dept of, U.S. Agency for International Development (USAID), U.S. Trade Representative (USTR)

Legislative and regulatory tax issues before Congress and the Administration regarding active financing and international and domestic tax issues, and tax reform: - H.R. 1, Tax Reform Act of 2014 - H.R. 4429, Permanent Active Financing Exception Act of 2014 - H.R. 5771, Tax Increase Prevention Act of 2014

Client expense: Not reported · Firm income: $90,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Comprehensive Taxation reform - No bill attached.H.CON.RES.96: Sets forth the Congressional budget for the federal government for FY2014, including the appropriate budgetary levels for FY2015 - FY2023. Tax implication for retirement and life insurance products. H.R. 83, the "Consolidated and Further Continuing Appropriations Act, 2015," which provides fiscal year 2015 full-year appropriations through September 30, 2015 for all agencies except the Department of Homeland Security, for which appropriations are provided instead through February 27, 2015. Tax implication for retirement and life insurance products. H.R. 2720 prevent identity theft and tax fraud by ending the required publication of the DMF list. H.R. 4429: Permanent Active Financing Exception Act of 2014 - Amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business. H.R. 4464: Permanent CFC Look-Through Act of 2014 - Amends the Internal Revenue Code to make permanent the tax rule exempting dividends, interest, rents, and royalties received or accrued from certain controlled foreign corporations by a related entity from treatment as foreign holding company income (thus permitting tax deferral of such income). H.R.5771 - To amend the Internal Revenue Code of 1986 to extend certain expiring provisions and make technical corrections, to amend the Internal Revenue Code of 1986 to provide for the tax treatment of ABLE accounts established under State programs for the care of family members with disabilities, and for other purposes. Tax implication for retirement and life insurance products. S. 676 prevent identity theft and tax fraud by ending the required publication of the DMF list. S. 2260: Expiring Provisions Improvement, Reform, and Efficiency Act of 2014 or the EXPIRE Act of 2014 - Amends the Internal Revenue Code to extend through 2015 expiring tax provisions pertaining to individual and business taxpayers and the energy sector. HR 647/S 313: Achieving a Better Life Experience Act of 2013 or the ABLE Act of 2013 - Amends the Internal Revenue Code to establish tax-exempt ABLE accounts to assist an individual with a disability in building an account to pay for qualified disability expenses. No. bill #: The Preserving Americas Transit and Highways Act-Tax implication for retirement and life insurance products. H.R.5021: Highway and Transportation Funding Act of 2014: Tax implication for retirement and life insurance products

Client expense: $430,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)

Extension and expansion of alternative simplified research and development tax credit.(EXPIRE Act, H.R. 4438, H.R. 4429, H.R. 4464, H.R. 5771) Issues related to international tax and corporate tax reform.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR4429, Permanent Active Financing Exception Act of 2014, issues related to Subpart F active financing exception; HR5771, Tax Increase Prevention Act of 2014, issues related to Subpart F active financing exception; General issues regarding international tax reform; General issues related to low income housing tax credit; General issues regarding corporate tax reform.

Client expense: $1,200,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Treasury, Dept of

W&M international tax reform draft. White House and Treasury Department tax principles white paper. H.R. 8, the American Taxpayer Relief Act of 2012 specifically related to the R&D credit, the active financing exception under Subpart F, and the CFC look-through rule. Ways & Means tax reform working groups; proposals related to Subpart F; Tax Equity for Health Plan Beneficiaries. Comprehensive Tax Reform; S. 268, CUT Loopholes Act; White House and Treasury Department tax principles white paper and Administration FY2014 Budget; H.CON.RES.25/S.CON.RES.8, Establishing the budget for the United States Government for fiscal year 2014. H.J. Res. 59, Bipartisan Budget Act. H.R. 1129/S. 1645, Mobile Workforce; S. 1859, Tax Extenders Act of 2013; H.R. 1554/S. 1533, Stop Tax Haven Abuse Act; H.R. 3086/S. 1431, Internet Tax Freedom Forever Act; S. 728/H.R. 2499, Tax Parity for Health Plan Beneficiaries Act of 2013; S. 1364, Digital Goods and Services Tax Fairness Act of 2013; Business Tax Extenders; Ways and Means International Tax Draft Legislation. H.R. 4429, Permanent Active Financing Exception; H.R. 4438 Permanent R&D Tax Credit; H.R. 4464 Permanent Controlled-Foreign-Corporation Look Through Rule; S. 2260 Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act; H.R. 3086/S. 1431 permanently extend the Internet Tax Freedom Act. H.R. 5771, Tax Increase Prevention Act of 2014.

Client expense: $1,190,818 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Council of Economic Advisers (CEA), Defense, Dept of (DOD), Education, Dept of, Federal Communications Commission (FCC), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Economic Council (NEC), Natl Science Foundation (NSF), Office of Science & Technology Policy (OSTP), Patent & Trademark Office (PTO), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

H.R. 5771, Tax Increase Prevention Act of 2014, S. 2260, Expire Act; H.R. 4429, Permanent Active Financing Exception Act; and H.R. 4464, Permanent CFC Look-Thru Act, issues related to taxation of financial services. Issues related to tax reform.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General discussion of reforming U.S. tax treatment of foreign earnings (worldwide, territorial, deferral, base erosion) General discussion renewable energy tax credits (PTC, ITC, Section 1603 Grants) General discussion inclusion of renewables in MLPs General discussion of tax reform legislation that would impose mark-to-market accounting on derivatives and commodity contractsH.R. 1 - Tax Reform H.R. 1465 - Storage Technology for Renewable and Green Energy Act - all aspects of the bill H.R. 259 - Energy Freedom and Economic Prosperity Act - all aspects of the bill H.R. 1524 - Create Clean Energy Manufacturing Jobs in America Act - all aspects of the bill H.R. 860 - Biogas Investment Tax Credit Act of 2013 - all aspects of the bill H.R. 2502 - ITC Commence Construction - all aspects of the bill S. 332 - the Climate Protection Act - all aspects of the bill S. 307 - Close Big Oil Tax Loopholes Act - all aspects of the bill S. 1225 - The SUN Act - all aspects of the bill H.R. 2081 - No More Excuses Energy Act of 2013 - all aspects of the bill H.CON.RES.24 - Expressing the sense of Congress that a carbon tax would be detrimental to the United States - all aspects of the bill S. 1103 And H.R. 2202 - LNG Excise Tax Equalization Act of 2013 - all aspects of the bill S. 1030 And H.R. 1465 - Storage Technology for Renewable and Green Energy Act - all aspects of the bill S. 795 and H.R. 1696 - Master Limited Partnerships Parity Act - all aspects of the bill S. 570 - Clean Energy Race to the Top Act of 2013 - all aspects of the bill H.R.2877 - To prevent certain discriminatory taxation of natural gas pipeline property - all aspects of the bill Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act -- renewables, natural gas vehicles, MLPs House Ways & Means Committee Tax Reform Discussion Draft H.R. 4429 To permanently extend the subpart F exemption for active financing income H.R. 4457 To permanently extend increased expensing limitations H.R. 4464 To make permanent the look-through treatment of payments between related controlled foreign corporations H.R. 4718 To permanently extend bonus depreciation H.R. 3474 Hire More Heroes Act tax extender provisions S. 2260, the Expiring Provisions Ikprovement Reform and Efficiency (EXPIRE) Act renewable, alternative fuel vehicle provisions Preserving Americas Transit and Highways Act of 2014 (PATH Act) a bill to amend tax code to provide for the extension of highway fund expenditures, to provide revenues for highway programs, and for other purposes revenue provisions General discussion of offsets for Highway Trust Fund restoration

Client expense: $450,000 · Firm income: Not reported

Government targets: Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE, State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, White House Office

H.R. 1129 Mobile Workforce State Income Tax Simplification Act of 2013, legislation to help insure that the correct amount of tax is withheld and paid to the states. Ways and Means Financial Products discussion draft, legislation to revise tax treatment of financial products. Ways and Means International discussion draft, legislation to revise the U.S. international tax system.H. Con. Res. 25 House FY 2014 Budget Resolution S. Con. Res. 8 Senate FY 2014 Budget Resolution Senate Finance International Tax Discussion draft, legislation to reform the U.S. international tax system H.R. 4429, bill to permanently extend the exemption from Subpart F for active financing income H.R. 4464, bill to make permanent the lookthrough treatment for payment to related foreign corporations H.R. 5771, Tax Increase Prevention Act of 2014, bill to retroactively extend through year end 2014 the exemption from Subpart F for active financing income.

Client expense: $210,000 · Firm income: Not reported

Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office

H.R. 4429, Permanent Active Financing Exception Act of 2014; all provisions H.R. 4438, American Research and Competitiveness Act of 2014; all provisions H.R. 4464, Permanent CFC Look-Through Act of 2014; all provisions H.R. 4718, To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation; all provisionsS. 2260, Expiring Provisions Improvement, Reform, and Efficiency Act of 2014; provisions relating to expiring key tax provisions S. 2786, Corporate Inverters Earnings Stripping Reform Act of 2014; all provisions PL 113-295, Tax Increase Prevention Act of 2014; provisions relating to renewal of key expired tax provisions Internal Revenue Service Notice 2014-52, Rules Regarding Inversions and Relations Transactions Bill number not yet assigned, Presidents Framework for Business Tax Reform (a joint report by the White House and Department of the Treasury); provisions relating to domestic and international tax policies Bill number not yet assigned, Chairman Dave Camps Comprehensive Tax Reform Discussion draft; provisions relating to economic growth and domestic and international tax policy provisions Bill number not yet assigned, A bill on the Presidents FY2015 Budget Proposal Bill number not yet assigned, Domestic and international tax policy proposals in Chairman Wydens and Senator Coats 2011 comprehensive tax reform bill (S. 727, The Bipartisan Tax and Fairness and Simplification Act of 2011) Issues relating to the Organisation for Economic Co-operation and Developments (OECDs) Base Erosion and Profit Shifting (BEPS) project Issues relating to key tax provisions that expired on December 31, 2013 Issues relating to comprehensive tax reform including international tax rules, the U.S. corporate tax rate and effective tax rates Issues relating to certain cross-border tax transactions

Client expense: $4,300,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)

Tax issues related to international and domestic taxation, tax reform, Ways and Means Chairman's Discussion Draft on Comprehensive Tax Reform, H.R. 4429, Permanent Active Financing Exception Act of 2014, S. 2260, Expiring Provisions Improvement, Reform, and Efficiency (EXPIRE) Act of 2014, and H.R. 5771, Tax Increase Prevention Act of 2014.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Domestic and International Tax Issues Related to: - Custodial Banking - Tax Reform - H.R. 4429, Permanent Active Financing Exception Act of 2014 - S. 2260, Expiring Provisions Improvement, Reform, and Efficiency (EXPIRE) Act of 2014 - H.R. 5771, Tax Increase Prevention Act of 2014

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

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

H.R. 5771, Tax Increase Prevention Act of 2014; S. 2260, Expire Act; H.R. 4438, American Research and Competitiveness Act; H.R. 4429, Permanent Active Financing Exception Act; H.R. 4464, Permanent CFC Look-Thru Act; HR 4718, Permanent Bonus Depreciation Act; and H.R. 4457, Americas Small Business Tax Relief Act, issues related to R&D tax credit, active financing exception, bonus depreciation, small business expensing, and CFC look-through. Issues related to tax reform. S.2786, CorporateInverters Earnings Stripping Reform Act.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Legislative & Regulatory Issues Related to Domestic and International Tax, including Tax Treaties: Bilateral Income Tax Treaties: U.S. - Spain, U.S. - India. OECD Guidelines and U.S. Treasury Comments on Taxation: Base Erosion Profit-Shifting (BEPS) Project. S. 1625/H.R. 1129 Mobile Workforce State Income Tax Simplification Act. S. 2260 Expire Act of 2014; H.R. 5771 Tax Increase Prevention Act of 2014 - "tax extenders". H.R. 4438 American Research and Competitiveness Act of 2014; H.R. 4464 Permanent CFC Look - Through Act of 2014; H.R. 4429 Permanent Active Financing Act of 2014.

Client expense: $1,150,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Education, Dept of, Energy, Dept of, Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Architectural & Transportation Barriers Compliance Board (ACCESS), U.S. Trade Representative (USTR), White House Office

Tax reform proposals being developed by the House Ways & Means Committee and the Senate Finance Committee; proposals to extend certain expiring tax provisions relating to subpart F of the IRC, HR 3474; HR 4429.

Client expense: Not reported · Firm income: $90,000

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

Various issues related to tax reform proposals, extension of expired tax provisions, HR 3474; HR 4429.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to tax reform and the taxation of insurance companies, extension of expired tax provisions, HR 3474, HR 4429.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General tax issues, corp. tax issues; domestic and international corporate income tax issues; the Presidents Fiscal Year 2015 Budget Proposal; Camp Tax Reform Discussion Draft. S 2260 (Wyden), HR 4429 (Tiberi), and HR 5771 (Camp).

Client expense: Not reported · Firm income: $120,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S 1114: Currency Exchange Rate Oversight Reform Act of 2013. Issue: Currency manipulation in the international market place. HR 3830/S 1900: Bipartisan Congressional Trade Priorities Act of 2014. Issue: Trade Promotion Authority and the reduction or elimination of tariff or nontariff barriers. HR 4429: Permanent Active Financing Exception Act of 2014 - Amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business. Issue: related to the subpart F exception for active financing income

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S.2586 and HR4392 Bills to extend the temporary suspension of duty on certain subassemblies for measuring equipment for telecommunications S.2555 and HR4393 Bills to extend the temporary suspension of duty on parts and accessories of measuring or checking instruments S.2591 and HR4429 Bills to suspend temporary duty on ultraviolet lamps filled with deuterium gas.H.R. 6727 U.S. Job Creation and Manufacturing Competitiveness Act 2013, Section 1295, Title 1 p.110 ultra violet lamps with deuterium gas, Title II, P. 207, (168) Heading 9902.23.88 (relating to certain subassemblies for instruments or apparatus for measuring or checking electrical quantities for telecommunications). (169) heading 9902.23.86 (relating to certain parts or accessories of instruments or apparatus for measuring or checking electrical quantities for telecomunications).

Client expense: Not reported · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE

H.R. 1 (Tax Reform Legislation); H.R. 684 (Marketplace Fairness Act); H.R. 789 (Build America Bonds Extension Act of 2013); H.R. 797 (Municipal Advisor Oversight Improvement Act of 2013);H.R. 798 (Workforce Investment Act of 2013); H.R. 880 (Wall Street Trading and Speculators Tax Act); H.R. 949 (Invest in American Jobs Act of 2013); H.R. 1579 (Inclusive Prosperity Act of 2013); H.R. 2788 (Mortgage Forgiveness Tax Relief Act); H.R. 2994 (Mortgage Forgiveness Tax Relief Act of 2013); H.R. 4429 (Permanent Active Financing Exception Act of 2014); H.R. 4464 (Permanent CFC Look-Through Act of 2014); S. 336 (Marketplace Fairness Act); S. 410 (Wall Street Trading and Speculators Tax Act); S. 743 (Marketplace Fairness Act); S. 1187 (Mortgage Forgiveness Tax Relief Act); S. 1257 (Protect American Investments Act of 2013); S. 1706 (Fair Playing Field Act of 2013); S. 2260 (EXPIRE Act of 2014); Regulations implementing Internal Revenue Code Section 871(m); Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; U.S. and foreign Financial Transaction Tax Legislation Proposals; Tax issues related to standardization of credit default swaps and derivatives transactions; Extension of Active Financing Rules; Administration's Financial Crisis Responsibility Fee; Tax issues related to interest expense allocation; Tax treatment of capital gains and dividends; Tax classification of independent contractors; Taxation of cross-border equity swaps; Corporate tax reporting rules; Tax reporting requirements for foreign financial institutions on certain foreign accounts; Foreign Account Tax Compliance Act of 2010 (FATCA); Extension of the Alternative Minimum Tax, tax exemption for private activity bonds; Securities cost basis reporting regulations; International tax reform; United States individual and business taxation; Preservation of tax incentives for retirement plans; Tax extenders; Municipal Advisor Regulation; Cost-basis reporting regulations; Issues related to standardization of derivatives transactions; Tax Reform Act of 2014; Issues related to proposals to impose an asset tax on financial institutions; Issues related to proposals to limit the deductability of FDIC assessments; Highway Trust Fund legislation; Preserving America's Transit and Highways ("PATH") Act.

Client expense: $2,010,000 · 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 the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

H. J. Res. 124 Continuing Appropriations Resolution of 2015 Bill would fund federal agencies at FY2014 levels, continuing projects and activities of the Federal Government through Dec. 11, 2014; would authorize the training and arming of Syrian rebels fighting Islamic State of Iraq and the Levant (ISIL) forces; extends the Internet Tax Freedom Act through Dec. 11, 2014 as well as the Export-Import Bank of the United States until June 2015. NSBA supports.H.R. 4 Jobs for America Act A compilation of 14 bills that would make revisions to federal law to improve the conditions necessary for economic growth and job creation including several business tax extender provisions: Section 179 expensing, bonus depreciation, research and experimentation tax credit, among others. NSBA supports. H.R. 2 American Energy Solutions for Lower Costs and More American Jobs Act A compilation of 13 bills that would remove federal government obstacles to the production of more domestic energy; to ensure transport of that energy reliably to businesses, consumers, and other end users; to lower the cost of energy to consumers; to enable manufacturers and other businesses to access domestically produced energy affordably and reliably in order to create and sustain more secure and well-paying American jobs; and for other purposes. NSBA supports sections of the bill. H.R. 25 Fair Tax Act of 2013 Legislation to abolish the Internal Revenue Service and enact a national retail sales tax. NSBA supports. H.R. 375 Made in America Manufacturing Act of 2013 - Directs the Secretaries of Commerce and Labor to establish a program for the joint award of incentive grants to a state or a regional partnership to support the U.S. manufacturing industry, among other things. NSBA supports. H.R. 688 Credit Union Small Business Jobs Creation Act of 2013 - Increases the credit union member business lending limit from 12.25 percent to 27.5 percent, among other things. NSBA supports. H.R. 701 Bill amends a provision of the Securities Act of 1933 to direct the Securities and Exchange Commission to add a particular class of securities to those exempted under the Act and to provide a deadline for doing so. NSBA supports. H.R. 763 The Jobs and Premium Protection Act Bill will act to amend the PPACA to repeal provisions imposing an annual fee on health insurance providers. NSBA supports. H.R. 803 Workforce Innovation and Opportunity Act Bill seeks to modernize and improve existing federal workforce development programs and ensure businesses find the skilled employees they need to compete and create jobs in the U.S. NSBA supports. H.R. 1002 Fair Access to Credit Scores Act of 2013 Provides consumers with free access to their credit scores along with free access to their credit reports once each year. NSBA supports. H.R. 1062 SEC Regulatory Accountability Act Bill requires the SEC to undertake an enhanced cost-benefit analysis before adopting any new regulations. NSBA supports. H.R. 1072 Freedom from Government Competition Act - Requires each executive or military department or independent establishment to obtain all goods and services necessary for or beneficial to the accomplishment of its authorized functions by procurement from private sources, with certain exceptions. NSBA supports. H.R. 1120 Preventing Greater Uncertainty in Labor-Management Relations Act Bill would prohibit the National Labor Relations Board from taking any action that requires a quorum of the members of the Board until such time as Board constituting a quorum shall have been confirmed by the Senate. NSBA supports. H.R. 1127 Rebuild American Manufacturing Act of 2013 Bill directs President to develop a comprehensive national manufacturing strategy. NSBA supports. H.R. 1219 Gulf Fisheries Fairness Act Bill would increase state water boundaries to 120 feet or 9 nautical miles (whichever is greater) and gives states greater control over their reef fisheries to open up more waters for commercial and recreational fishermen. NSBA supports. H.R. 1240 - Commercial Real Estate and Economic Development (CREED) Act of 2013, which will extend for five years the low-interest refinancing provisions under the Local Development Business Program of the Small Business Administration (SBA). NSBA supports. H.R. 1321 Small Business Paperwork Relief Act Bill would suspend civil fines for first-time paperwork violations by small business concerns unless there is potential for serious harm to the public interest and other relevant conditions. NSBA supports. H.R. 1557 Plain Writing Act for Regulations for 2013 Bill requires all new or substantially revised federal regulations to be written in clear, concise and easy to understand, or plain language. NSBA supports. H.R. 1616 - Energy Savings and Industrial Competitiveness Act - Bill would promote energy savings in residential and commercial buildings and industry, and for other purposes. NSBA supports. H.R. 1772 The Legal Workforce Act Bill would make the use of E-Verify mandatory for new hires and impose severe employer penalties. NSBA opposes. H.R. 1773 The Agricultural Guestworker Act Bill would create a simplified and expanded agricultural guest worker program. NSBA supports.H.R. 1909 Export Coordination Act of 2013 Bill would establish stronger congressional oversight and coordination of trade assistance across 20 agencies. NSBA supports. H.R. 1916 TRADE (Transparent Rules Allow Direct Exporting) for Small Businesses and Jobs Act Bill is directed at helping SMEs stay current on changing foreign regulations. It requires Commerce (via MAC) to publish changes in tariff/non-tariff and technical barriers on export.gov or a successor website. NSBA supports. H.R. 1926 State Trade Coordination Act of 2013 Bill would establish the framework to ensure that federal and state trade agencies work in unison to assist their local exporters. NSBA supports. H.R. 2131 The Supplying Knowledge Based Immigrants and Lifting Levels of STEM Visas Act Bill would allocate green cards to foreign graduates of U.S. universities with advanced degrees in science, technology, engineering, and math (STEM) fields, increase H-1B visas, repeal the employment-based per-country cap, establish a new entrepreneur visa program and strengthen the investor visa program. NSBA supports. H.R. 2263 Export-Import Bank Termination Act Bill to abolish the Export-Import Bank of the United States three years after enactment of this Act. NSBA opposes. H.R. 2274 Small Business Mergers, Acquisitions, Sales and Brokerage Simplification Act of 2013 Bill would allow merger and acquisition brokers who perform services in connection with the transfer of ownership of smaller privately held companies to register with the SEC by filing an electronic notice. NSBA supports. H.R. 2419 Small Business Credit Card Act of 2013 Bill further protects small-business owners credit cards from unfair and deceptive practices of credit card companies. NSBA supports. H.R. 2429 Death Tax Repeal Act of 2013 Bill amends the Internal Revenue Code to: (1) repeal the estate and generation-skipping transfer taxes, and (2) make permanent the maximum 35% gift tax rate and a $5 million lifetime gift tax exemption. Provides for an inflation adjustment to such exemption amount. NSBA supports. H.R. 2582 PATENT Jobs Act Bill exempts USPTO from Presidential Sequestration Order issued on March 1, 2013. NSBA supports. H.R. 2775 Continuing Appropriations Act of 2014 The final version of the bill makes continuing appropriations through January 15, 2014, thus ending the government shutdown, and increases the debt limit through February 7, 2014. NSBA supports. H.R. 3522 Employee Health Care Protection Act of 2013 Bill would allow health insurance plans that were offered in 2013 to continue being offered through 2018. It treats such coverage as a grandfathered health plan for purposes of an individual meeting the requirement to maintain minimum essential health coverage. NSBA supports. H.R. 3826 Electricity Security and Affordability Act Bill proposes reasonable alternatives to EPAs proposed rule regulating carbon pollution from new and soon to be released rule regarding existing power plants. NSBA supports. H.R. 3830 Bipartisan Congressional Trade Priorities Act of 2014 Bill will restore the presidents authority to negotiate trade deals by including strict requirements for Congressional consultations and access to information . NSBA supports. H.R. 4093 Greater Opportunities for Small Business Act of 2014 Bill would increase the small business prime contracting goal to 25% and the small business subcontracting goal to 40%. NSBA supports. H.R. 4429 Permanent Active Financing Exception Act of 2014 Bill would amend the Internal Revenue Code to allow the deferral of tax on certain income earned in foreign companies when calculating taxable income. NSBA supports. H.R. 4438 American Research and Competitiveness Act of 2014 Bill amends the Internal Revenue Code of 1986 to simplify and make permanent the research credit. NSBA supports. H.R. 4453 S Corporation Permanent Tax Relief Act of 2014 -- To amend the Internal Revenue Code of 1986 to make permanent the reduced recognition period for built-in gains of S corporations. NSBA supports. H.R. 4454 Permanent S Corporation Charitable Contributions Act of 2014 -- Bill would amend the Internal Revenue Code to make permanent a rule that expired at the end of 2013 that defines how a shareholder in an S corporation adjusts the basis of that S corporation stock to account for that corporations contributions of property to charity. NSBA supports. H.R. 4457 Americas Small Business Tax Relief Act of 2014 The legislation would make permanent section 179 expensing and allow businesses to deduct up to $500,000 annually in expenses incurred buying machinery, equipment, computer software, and similar items. NSBA supports. H.R. 4464 Permanent CFC Look-Through Act of 2014 Bill would amend the Internal Revenue Code to make permanent the look-through rule that applied to the taxable years of foreign corporations beginning after Dec. 31, 2005 and before Jan. 1, 2014. This treatment would be permanently effective for taxable years beginning after Dec. 31, 2013. NSBA supports.H.R. 4718 Bill amends the Internal Revenue Code to make permanent the additional 50% depreciation allowance (bonus depreciation) for qualified property placed in service after Dec.31, 2013 and modifies the definition of "qualified property" to include qualified retail improvement property. NSBA supports. H.R. 5034 Stop the EPA Act of 2014 Bill amends title 5 of the U.S. Code to provide for certain special congressional review procedures for the rulemaking of the Environmental Protection Agency (EPA) to require: (1) a retroactive review of all past EPA regulations, (2) any regulation with an economic impact over $50 million must be sent to Congress for approval, (3) regulations that are not approved by Congress to no longer be law, (4) all new proposed regulations with an economic impact over $50 million must be approved by Congress before they take affect and (5) no new proposed regulations until the retroactive review is completed and Congress acts to approve it. NSBA supports. H.R. 5154 Open Government Technology Work to More Businesses Act A bill to direct the Small Business Administration (SBA) to make rules that simplify, streamline, and digitize the registration process small businesses use to be considered for Federal contracts. NSBA supports. H.R. 5184 National Regulatory Budget Act of 2014 Bill would provide for a national regulatory budget process where Congress would establish regulatory cost caps for each federal agency. NSBA supports. H.R. 5599 Small Business Loan Simplification Act -- Bill would clarify that the use of electronic signatures and records in SBA loan and related financing programs is permitted. NSBA supports. S. 63 Made in America Manufacturing Act - Directs the Secretaries of Commerce and Labor to establish a program for the joint award of incentive grants to a state or a regional partnership to support the U.S. manufacturing industry. NSBA supports. S. 196 Assuring Contracting Equity Act of 2013 Increases govt wide contracting goal for small biz from 23% to 25 percent and requires federal agencies to consult with SBA to determine standards for procurement officers to follow re: past compliance of potential contractors with small business subcontracting goals. NSBA supports. S. 289 Commercial Real Estate and Economic Development (CREED) Act of 2013, which will extend for five years the low-interest refinancing provisions under the Local Development Business Program of the Small Business Administration (SBA). NSBA supports. S. 310 Startup Act 3.0 - This bill seeks to provide capital gains and income tax incentives to incentivize entrepreneurs and facilitate the growth of new start-ups, creates a new STEM visa for up to foreign students and establishes a new category of visas for immigrant entrepreneurs. NSBA supports. S. 320 Closing Regulatory Loopholes Act of 2013 Bill would require Congressional review over federal agency guidance documents and major guidance documents prior to implementation. NSBA supports. S. 450 Financial Regulatory Responsibility Act of 2013 Bill requires enhanced cost-benefit analysis and justification for certain regulations proposed by federal banking, securities, commodities, and housing regulators. NSBA supports. S. 471 Fair Access to Credit Scores Act of 2013 - Provides consumers with free access to their credit scores along with free access to their credit reports once each year. NSBA supports. S. 544 Rebuild American Manufacturing Act of 2013 - Bill directs President to develop a comprehensive national manufacturing strategy. NSBA supports. S. 603 The Jobs and Premium Protection Act The legislation would repeal the annual fee on health insurance providers enacted by the PPACA. NSBA supports. S. 718 Increasing American Jobs Through Greater Exports to Africa Act of 2013 -- Directs the President to establish a comprehensive U.S. strategy for public and private investment, trade, and development in Africa that focuses on: (1) increasing exports of U.S. goods and services to Africa by 200% in real dollar value within 10 years, (2) promoting the alignment of U.S. commercial interests with development priorities in Africa, (3) improving the competitiveness of U.S. businesses in Africa, (4) encouraging a greater understanding among U.S. business and financial communities of the opportunities Africa holds for U.S. exports, and (5) fostering partnership opportunities between U.S. and African small- and medium-sized enterprises. NSBA supports. S. 749 15-Year Depreciation bill A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15-year recovery period for qualified leasehold improvement property, qualified restaurant property, and qualified retail improvement property. NSBA supports. S. 761 Energy Savings and Industrial Competiveness Act Bill would promote energy savings in residential and commercial buildings and industry, and for other purposes. NSBA supports. S. 807 Plain Writing Act for Regulations for 2013 - Bill requires all new or substantially revised federal regulations to be written in clear, concise and easy to understand, or plain language. NSBA supports.S. 1102 Export-Import Bank Termination Act -- Bill to abolish the Export-Import Bank of the United States three years after enactment of this Act. NSBA opposes. S.1179 Small Business Export Growth Act of 2013 Bill will further lower barriers to exporting for small businesses by improving federal export assistance programs. NSBA supports. S. 1183 Death Tax Repeal Act of 2013 Bill amends the Internal Revenue Code to: (1) repeal the estate and generation-skipping transfer taxes, and (2) make permanent the maximum 35% gift tax rate and a $5 million lifetime gift tax exemption. Provides for an inflation adjustment to such exemption amount. NSBA supports. S. 1342 Small Business Investment Promotion Act Amends the Internal Revenue Code, with respect to the expensing allowance for depreciable business property, to make permanent: (1) the increased $200,000 expensing allowance for such property, (2) the increased $800,000 threshold amount for such property over which the expensing allowance is reduced. NSBA supports. S. 1353 Cybersecurity Act of 2013 Bill would implement and codify certain aspects of the Presidents Cybersecurity Executive Order, among other things. NSBA supports. S. 1392 Energy Savings and Industrial Competitiveness Act of 2013 - Bill would promote energy savings in residential and commercial buildings and industry, and for other purposes. NSBA supports. S. 1498 Small Business Tax Fairness Act Legislation that will provide targeted tax relief to small businesses. NSBA supports. S. 1900 Bipartisan Congressional Trade Priorities Act of 2014 Bill will restore the presidents authority to negotiate trade deals by including strict requirements for Congressional consultations and access to information . NSBA supports. S. 1905 Electricity Security and Affordability Act Bill proposes reasonable alternatives to EPAs proposed rule regulating carbon pollution from new and soon to be released rule regarding existing power plants. NSBA supports. S. 2146 Patent Fee Integrity Act Bill would allow the USPTO to keep all the user fees paid by inventors and businesses. NSBA supports. S. 2153 National Regulatory Fairness Act Bill would provide for a national regulatory budget process where Congress would establish regulatory cost caps for each federal agency. NSBA supports. S. 2260 Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act Bill would reinstate and extend certain expired and expiring tax provisions through Dec. 31, 2015; most of the provisions expired on Dec. 31, 2013, and would be retroactively reinstated, but a few are scheduled to expire on Dec. 31, 2014. NSBA supports. S. 2262 Energy Savings and Industrial Competitiveness Act -- Bill would promote and facilitate the development and deployment of new energy efficiency technologies and adoption of more efficient processes. NSBA supports. S. 2693 Womens Small Business Ownership Act of 2014 Legislation to increase business counseling and training services, and improve access to lending and federal contracts for women entrepreneurs. NSBA supports. S. 2709 Export-Import Bank Reauthorization Act of 2014 The five-year reauthorization package would incrementally increase the Banks spending authority to $160 billion from $140 billion over a four-year period, require the Bank to submit reports to Congress detailing its business plan and risk exposure, and ensure the Banks loan loss ratio is less than two percent for any quarter in that fiscal year. The bill would also require a Government Accountability Office (GAO) study to be completed within one year to identify the risk to taxpayers of the Banks Medium-Term Program. NSBA supports.

Client expense: $24,000 · Firm income: Not reported

Government targets: Bureau of Citizenship & Immigration Services (BCIS), Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Export-Import Bank of the United States (EXIM Bank), Federal Reserve System, Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Intl Trade Administration (ITA), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Office of Personnel Management (OPM), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, U.S. Commission on Civil Rights, U.S. Trade Representative (USTR), White House Office

General discussion of reforming U.S. tax treatment of foreign earnings (worldwide, territorial, deferral, base erosion) General discussion renewable energy tax credits (PTC, ITC, Section 1603 Grants) General discussion inclusion of renewables in MLPs General discussion of tax reform legislation that would impose mark-to-market accounting on derivatives and commodity contractsH.R. 1 - Tax Reform H.R. 1465 - Storage Technology for Renewable and Green Energy Act - all aspects of the bill H.R. 259 - Energy Freedom and Economic Prosperity Act - all aspects of the bill H.R. 1524 - Create Clean Energy Manufacturing Jobs in America Act - all aspects of the bill H.R. 860 - Biogas Investment Tax Credit Act of 2013 - all aspects of the bill H.R. 2502 - ITC Commence Construction - all aspects of the bill S. 332 - the Climate Protection Act - all aspects of the bill S. 307 - Close Big Oil Tax Loopholes Act - all aspects of the bill S. 1225 - The SUN Act - all aspects of the bill H.R. 2081 - No More Excuses Energy Act of 2013 - all aspects of the bill H.CON.RES.24 - Expressing the sense of Congress that a carbon tax would be detrimental to the United States - all aspects of the bill S. 1103 And H.R. 2202 - LNG Excise Tax Equalization Act of 2013 - all aspects of the bill S. 1030 And H.R. 1465 - Storage Technology for Renewable and Green Energy Act - all aspects of the bill S. 795 and H.R. 1696 - Master Limited Partnerships Parity Act - all aspects of the bill S. 570 - Clean Energy Race to the Top Act of 2013 - all aspects of the bill H.R.2877 - To prevent certain discriminatory taxation of natural gas pipeline property - all aspects of the bill Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act -- renewables, natural gas vehicles, MLPs House Ways & Means Committee Tax Reform Discussion Draft H.R. 4429 To permanently extend the subpart F exemption for active financing income H.R. 4457 To permanently extend increased expensing limitations H.R. 4464 To make permanent the look-through treatment of payments between related controlled foreign corporations H.R. 4718 To permanently extend bonus depreciation H.R. 3474 Hire More Heroes Act tax extender provisions Preserving Americas Transit and Highways Act of 2014 (PATH Act) a bill to amend tax code to provide for the extension of highway fund expenditures, to provide revenues for highway programs, and for other purposes revenue provisions General discussion of offsets for Highway Trust Fund restoration

Client expense: $470,000 · Firm income: Not reported

Government targets: Army, Dept of (Corps of Engineers), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE, State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, White House Office

H.R. 4916, Power Act (entire Bill) S. 2260, "EXPIRE Act of 2014 (R&D tax credit, CFC Look-thru, and active financing exception) H.R. 4429, Permanent Active Financing Exception Act of 2014 (entire bill) Corporate tax reform (no bill) H.R.4438, American Research & Competitiveness Act of 2014 (entire bill) H.R. 4464, Permanent CFC Look-Through Act of 2014 (entire bill) Legislation to improve the alternative simplified R&E credit (no bill) Compliance with US corporate tax laws and Congressional oversight of US corporate tax laws. (no bill)

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

Government targets: Commerce, Dept of (DOC), Environmental Protection Agency (EPA), Executive Office of the President (EOP), Export-Import Bank of the United States (EXIM Bank), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Security Council (NSC), SENATE, Treasury, Dept of, U.S. Agency for International Development (USAID), U.S. Trade Representative (USTR)

H.R. 1 (Tax Reform Legislation); H.R. 647 (ABLE Act of 2013); H.R. 684 (Marketplace Fairness Act); H.R. 789 (Build America Bonds Extension Act of 2013);H.R. 797 (Municipal Advisor Oversight Improvement Act of 2013); H.R. 798 (Workforce Investment Act of 2013); H.R. 880 (Wall Street Trading and Speculators Tax Act); H.R. 949 (Invest in American Jobs Act of 2013); H.R. 1579 (Inclusive Prosperity Act of 2013); H.R. 2788 (Mortgage Forgiveness Tax Relief Act); H.R. 2994 (Mortgage Forgiveness Tax Relief Act of 2013); H.R. 4429 (Permanent Active Financing Exception Act of 2014); H.R. 4464 (Permanent CFC Look-Through Act of 2014); S. 313 (ABLE Act of 2013); S. 336 (Marketplace Fairness Act); S. 410 (Wall Street Trading and Speculators Tax Act); S. 743 (Marketplace Fairness Act); S. 1187 (Mortgage Forgiveness Tax Relief Act); S. 1257 (Protect American Investments Act of 2013); S. 1706 (Fair Playing Field Act of 2013); S. 2260 (EXPIRE Act of 2014); Regulations implementing Internal Revenue Code Section 871(m); Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; U.S. and foreign Financial Transaction Tax Legislation Proposals; Tax issues related to standardization of credit default swaps and derivatives transactions; Extension of Active Financing Rules; Administration's Financial Crisis Responsibility Fee; Tax issues related to interest expense allocation; Tax treatment of capital gains and dividends; Tax classification of independent contractors; Taxation of cross-border equity swaps; Corporate tax reporting rules; Tax reporting requirements for foreign financial institutions on certain foreign accounts; Foreign Account Tax Compliance Act of 2010 (FATCA); Extension of the Alternative Minimum Tax, tax exemption for private activity bonds; Securities cost basis reporting regulations; International tax reform; United States individual and business taxation; Preservation of tax incentives for retirement plans; Tax extenders; Municipal Advisor Regulation; Cost-basis reporting regulations; Issues related to standardization of derivatives transactions; Tax Reform Act of 2014; Issues related to proposals to impose an asset tax on financial institutions; Issues related to proposals to limit the deductability of FDIC assessments; Highway Trust Fund legislation; Preserving America's Transit and Highways ("PATH") Act.

Client expense: $1,790,000 · 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 the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

H.R. 4429, S. 2260 - Discussed various issues related to corporate tax reform; discussed proposals to renew expired tax policies; discussed proposed changes to information reporting requirements.

Client expense: $1,590,000 · 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, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, U.S. Trade Representative (USTR)

Legislative & Regulatory Issues Related to Domestic and International Tax, including Tax Treaties: Bilateral Income Tax Treaties: U.S.-Spain, U.S.-India. OECD Guidelines and U.S. Treasury Comments on Taxation: Base Erosion Profit-Shifting (BEPS) Project. S. 1625/H.R. 1129 Mobile Workforce State Income Tax Simplification Act.S. 2260 Expire Act of 2014. H.R. 4438 American Research and Competitiveness Act of 2014; H.R. 4464 Permanent CFC Look-Through Act of 2014; H.R. 4429 Permanent Active Financing Act of 2014. S. 2717 Cyber Information Sharing Tax Credit Act.

Client expense: $850,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Education, Dept of, Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Intl Trade Administration (ITA), Labor, Dept of (DOL), Navy, Dept of, Office of Science & Technology Policy (OSTP), Patent & Trademark Office (PTO), SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

S.2586 and HR4392 Bills to extend the temporary suspension of duty on certain subassemblies for measuring equipment for telecommunications S.2555 and HR4393 Bills to extend the temporary suspension of duty on parts and accessories of measuring or checking instruments S.2591 and HR4429 Bills to suspend temporary duty on ultraviolet lamps filled with deuterium gas.H.R. 6727 U.S. Job Creation and Manufacturing Competitiveness Act 2013, Section 1295, Title 1 p.110 ultra violet lamps with deuterium gas, Title II, P. 207, (168) Heading 9902.23.88 (relating to certain subassemblies for instruments or apparatus for measuring or checking electrical quantities for telecommunications). (169) heading 9902.23.86 (relating to certain parts or accessories of instruments or apparatus for measuring or checking electrical quantities for telecomunications).

Client expense: Not reported · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE

Advocacy of legislation that would permanently extend the subpart F exemption for active financing income. S. 2260, EXPIRE Act of 2014 H.R. 4429, Amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1129 Mobile Workforce State Income Tax Simplification Act of 2013, legislation to help insure that the correct amount of tax is withheld and paid to the states. Ways and Means Financial Products discussion draft, legislation to revise tax treatment of financial products. Ways and Means International discussion draft, legislation to revise the U.S. international tax system.H. Con. Res. 25 House FY 2014 Budget Resolution S. Con. Res. 8 Senate FY 2014 Budget Resolution Senate Finance International Tax Discussion draft, legislation to reform the U.S. international tax system H.R. 4429, bill to permanently extend the exemption from Subpart F for active financing income H.R. 4464, bill to make permanent the lookthrough treatment for payment to related foreign corporations

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

Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office

Corporate tax reform and federal budget issues (H.R. 4429, H.R. 4438, H.R. 4454, H.R. 4464, H.R. 4718, S. 2260).

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Domestic and International Tax Issues Related to: - Custodial Banking - Tax Reform - H.R. 4429, Permanent Active Financing Exception Act of 2014 - S. 2260, Expiring Provisions Improvement, Reform, and Efficiency (EXPIRE) Act of 2014

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

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

Legislative and regulatory tax issues before Congress and the Administration regarding active financing and international and domestic tax issues, and tax reform: - Senate Finance Committee Tax Reform Discussion Drafts - Ways and Means Chairman's Discussion Draft on Comprehensive Tax Reform - Senate Tax Extender Process - House Tax Extender Process - H.R. 4429, Permanent Active Financing Exception Act of 2014 - S. 2260, Expiring Provisions Improvement, Reform, and Efficiency (EXPIRE) Act of 2014

Client expense: Not reported · Firm income: $90,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Tax issues related to international and domestic taxation, tax reform, Ways and Means Chairman's Discussion Draft on Comprehensive Tax Reform, H.R. 4429, Permanent Active Financing Exception Act of 2014, and S. 2260, Expiring Provisions Improvement, Reform, and Efficiency (EXPIRE) Act of 2014.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 4429, Permanent Active Financing Exception Act of 2014, issues related to the subpart F active financing exception; HR 647, S 313, Achieving a Better Life Experience Act, issues related to ABLE Act; HR 5021, Highway and Transportation Funding Act, issues related to mortgage tax reporting; General issues regarding corporate tax reform; General issues related to cyber security tax issues; General issues related to low income housing tax credit; General issues related to new markets tax credit.

Client expense: $430,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

H.R. 4429, Permanent Active Financing Exception Act of 2014; all provisions H.R. 4438, American Research and Competitiveness Act of 2014; all provisions H.R. 4464, Permanent CFC Look-Through Act of 2014; all provisions H.R. 4718, To amend the Internal Revenue Code of 1986 to modify and make permanent bonus depreciation; all provisionsH.R. 5021, Highway and Transportation Funding Act of 2014; provisions relating to tax and revenue policies Internal Revenue Service Notice 2014-52, Rules Regarding Inversions and Relations Transactions S. 2260, Expiring Provisions Improvement, Reform, and Efficiency Act of 2014; all provisions S. 2786, Corporate Inverters Earnings Stripping Reform Act of 2014; all provisions Bill number not yet assigned, Presidents Framework for Business Tax Reform (a joint report by the White House and Department of the Treasury) ; provisions relating to domestic and international tax policies Bill number not yet assigned, Chairman Dave Camps Comprehensive Tax Reform Discussion draft; provisions relating to economic growth and domestic and international tax policy provisions Bill number not yet assigned, A bill on the Presidents FY2015 Budget Proposal Bill number not yet assigned, Domestic and international tax policy proposals in Chairman Wydens and Senator Coats 2011 comprehensive tax reform bill (S. 727, The Bipartisan Tax and Fairness and Simplification Act of 2011) Bill number not yet assigned, Preserving Americas Transit And Highways Act Of 2014, provisions relating to tax and revenue policies Issues relating to the Organisation for Economic Co-operation and Developments (OECDs) Base Erosion and Profit Shifting (BEPS) project Issues relating to key tax provisions that expired on December 31, 2013 Issues relating to comprehensive tax reform including international tax rules, the U.S. corporate tax rate and effective tax rates Issues relating to certain cross-border tax transactions

Client expense: $3,120,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR)

Comprehensive Taxation reform - No bill attached.H.CON.RES.96: Sets forth the Congressional budget for the federal government for FY2014, including the appropriate budgetary levels for FY2015 - FY2023. Tax implication for retirement and life insurance products. H.R. 2720 prevent identity theft and tax fraud by ending the required publication of the DMF list. H.R. 4429: Permanent Active Financing Exception Act of 2014 - Amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business. H.R. 4464: Permanent CFC Look-Through Act of 2014 - Amends the Internal Revenue Code to make permanent the tax rule exempting dividends, interest, rents, and royalties received or accrued from certain controlled foreign corporations by a related entity from treatment as foreign holding company income (thus permitting tax deferral of such income). S. 676 prevent identity theft and tax fraud by ending the required publication of the DMF list. S. 2260: Expiring Provisions Improvement, Reform, and Efficiency Act of 2014 or the EXPIRE Act of 2014 - Amends the Internal Revenue Code to extend through 2015 expiring tax provisions pertaining to individual and business taxpayers and the energy sector. HR 647/S 313: Achieving a Better Life Experience Act of 2013 or the ABLE Act of 2013 - Amends the Internal Revenue Code to establish tax-exempt ABLE accounts to assist an individual with a disability in building an account to pay for qualified disability expenses. No. bill #: The Preserving Americas Transit and Highways Act-Tax implication for retirement and life insurance products. H.R.5021: Highway and Transportation Funding Act of 2014: Tax implication for retirement and life insurance products

Client expense: $445,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)

W&M international tax reform draft. White House and Treasury Department tax principles white paper. H.R. 8, the American Taxpayer Relief Act of 2012 specifically related to the R&D credit, the active financing exception under Subpart F, and the CFC look-through rule. Ways & Means tax reform working groups; proposals related to Subpart F; Tax Equity for Health Plan Beneficiaries. Comprehensive Tax Reform;S. 268, CUT Loopholes Act; White House and Treasury Department tax principles white paper and Administration FY2014 Budget; H.CON.RES.25/S.CON.RES.8, Establishing the budget for the United States Government for fiscal year 2014. H.J. Res. 59, Bipartisan Budget Act. H.R. 1129/S. 1645, Mobile Workforce; S. 1859, Tax Extenders Act of 2013; H.R. 1554/S. 1533, Stop Tax Haven Abuse Act; H.R. 3086/S. 1431, Internet Tax Freedom Forever Act; S. 728/H.R. 2499, Tax Parity for Health Plan Beneficiaries Act of 2013; S. 1364, Digital Goods and Services Tax Fairness Act of 2013; Business Tax Extenders; Ways and Means International Tax Draft Legislation. H.R. 4429, Permanent Active Financing Exception; H.R. 4438 Permanent R&D Tax Credit; H.R. 4464 Permanent Controlled-Foreign-Corporation Look Through Rule; S. 2260 Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act; H.R. 3086/S. 1431 permanently extend the Internet Tax Freedom Act.

Client expense: $1,119,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Council of Economic Advisers (CEA), Defense, Dept of (DOD), Education, Dept of, Federal Communications Commission (FCC), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Economic Council (NEC), Natl Science Foundation (NSF), Office of Science & Technology Policy (OSTP), Patent & Trademark Office (PTO), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Tax reform proposals being developed by the House Ways & Means Committee and the Senate Finance Committee; proposals to extend certain expiring tax provisions relating to subpart F of the IRC, HR 3474; HR 4429.

Client expense: Not reported · Firm income: $90,000

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

Various issues related to tax reform proposals, extension of expired tax provisions, HR 3474; HR 4429.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S 1114: Currency Exchange Rate Oversight Reform Act of 2013. Issue: Currency manipulation in the international market place. HR 3830/S 1900: Bipartisan Congressional Trade Priorities Act of 2014. Issue: Trade Promotion Authority and the reduction or elimination of tariff or nontariff barriers. HR 4429: Permanent Active Financing Exception Act of 2014 - Amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business. Issue: related to the subpart F exception for active financing income

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General tax issues, corp. tax issues; domestic and international corporate income tax issues; the Presidents Fiscal Year 2015 Budget Proposal; Camp Tax Reform Discussion Draft. S 2260 (Wyden) and HR 4429 (Tiberi).

Client expense: Not reported · Firm income: $120,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 2260, Expire Act; H.R. 4429, Permanent Active Financing Exception Act; and H.R. 4464, Permanent CFC Look-Thru Act, issues related to taxation of financial services. Issues related to tax reform.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 2260, Expire Act; H.R. 4438, American Research and Competitiveness Act; H.R. 4429, Permanent Active Financing Exception Act; H.R. 4464, Permanent CFC Look-Thru Act; HR 4718, Permanent Bonus Depreciation Act; and H.R. 4457, Americas Small Business Tax Relief Act, issues related to R&D tax credit, active financing exception, bonus depreciation, small business expensing, and CFC look-through. Issues related to tax reform. S.2786, Corporate Inverters Earnings Stripping Reform Act.

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE