Financial Stability Oversight Council Reform Act

HR 1261, Bureau of Consumer Financial Protection Accountability Act of 2015 Commodity End User Relief Act HR 3340 HR 2289, The Commodity End User Relief Act S. 2790, the Financial Institution Customer Protection Act of 2016 S. 2663, the so-called Reforming CFPB Indirect Auto Financing Guidance Act. Investment Advisors Modernization Act of 2016 the SEC Regulatory Accountability Act. HR 5112, Unfair or Deceptive Acts or Practices Uniformity Act HR 4139, the Fostering Innovation Act H.R. 4850, the Micro Offering Improvement Act H.R. 4852, the Private Placement Improvement Act H.R. 4854, the Supporting Americas Innovators Act H.R. 4855, the Fix Crowdfunding Act H.R. 5311, the Corporate Governance Reform and Transparency Act H.R. 5421, the National Securities Exchange Regulatory Parity Act H.R. 5424, the Investment Advisers Modernization Act H.R. 5429, the SEC Regulatory Accountability Act HJ Res 88 HR 5485, The Financial Services and General Government Appropriations Act of 2017 The Financial CHOICE Act H.R. 5211 - CFPB Dual Mandate and Economic Analysis Act HR 2889 Carried Interest Fairness Act HR 2103 -Stop Subsidizing Multimillion Dollar Corporate Bonuses Act HR 4018 - Consumer Protection and Choice Act HR 4737 - State and Tribal Government Sovereignty Protection Act of 2016 S. 1686 Carried Interest Fairness Act Non-profit depository institutions HR 5745 Putting Main Street FIRST Act CEO Bonus Loophole Bank worker issues Postal Banking The Poverty, Opportunity, and Upward Mobility plan Financial Policy Riders Payday Lending Reform CFPB Arbitration Rule/Forced Arbitration Private Equity tax loophole CFPB Defense DoL Fiduciary Rule Title II of the Dodd-Frank Act OCC Chartering of Fintechs H.R. 6392 H.R. 5491 and H.R. 5413 (the CFPB Data Accountability Act) H.R. 5424 H.R. 5063 CFPB status as independent agency Removal protections for CFPB director H.R. 4172 - Credit Access and Inclusion Act PACE Loans Wells Fargo arbitration HR 5982 - Midnight Rules Relief Act

Client expense: $335,275 · Firm income: Not reported

Government targets: Bureau of the Census, Consumer Financial Protection Bureau (CFPB), Education, Dept of, Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of

Issues related to: Anti-Money Laundering (AML); S. 3067 and H.R. 5485 - FY17 Financial Services and General Government appropriations; Credit Card/Interchange Fees; Retirement Security; Data Breach; Automobile Financing; Arbitration; Structure and Activities of the Office of Financial Research; S. 510 Bureau of Consumer Financial Protection-Inspector General Reform Act; S. 774 Financial Institutions Examination Fairness and Reform Act; H.R. 185 Regulatory Accountability Act; H.R. 601 Eliminate Privacy Notice Confusion Act; H.R.1233 Community Lending Enhancement and Regulatory Relief Act of 2015; H.R.37 Promoting Job Creation and Reducing Small Business Burdens Act; S. 961 The Data Security Act; H.R 2205 The Data Security Act; H.R.1550 Financial Stability Oversight Council Improvement Act of 2015; H.R 1266 Financial Product Safety Commission Act; Federal Reserve Dividend Revenue; S. 1484 Financial Regulatory Improvement Act; H.R. 3738, Office of Financial Research Accountability Act of 2015; Implications of the Federal Reserve dividend reduction section contained in PL 114-94, the Drive Act; Senior $afe Act (H.R.4538; S.2216); Financial Stability Oversight Council Reform Act (H.R.3340; issues related to cybersecurity and financial services; H.R. 1309 - Systemic Risk Designation Improvement Act of 2015; S.2251, Seniors And Veterans Emergency Benefits Act or the SAVE Benefits Act; Retirement Enhancement and Savings Act; H.R. 5983, Financial CHOICE Act,Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs.

Client expense: $950,000 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Issues related to: Flood Insurance; Retirement Security/Annuities; H.R.1550, To amend the Financial Stability Act of 2010 to improve the transparency of the Financial Stability Oversight Council, to improve the Systemically Important Financial Institution (SIFI) designation process, and for other purposes; H.R.1309, Systemic Risk Designation Improvement Act of 2015; S.1484 Financial Regulatory Improvement Act of 2015; H.R.141 Flood Insurance Premium Parity Act of 2015; H.R.1478 The Policy Holder Protection Act; S.1679 Flood Insurance Market Parity and Modernization Act; H.R 2901, Flood Insurance Market Parity and Modernization Act; H.R 1550 Financial Stability Oversight Council Improvement Act of 2015; H.R. 2141 International Insurance Standards Transparency and Policyholder Protection Act of 2015; S.1086 International Insurance Capital Standards Accountability Act; H.R. 2029, Consolidated Appropriations Act of 2016; and H.R.3738, Office of Financial Research Accountability Act of 2015; Financial Stability Oversight Council Reform Act (H.R.3340); H.R. 4538 Seniors And Veterans Emergency Benefits Act or the SAVE Benefits Act and S. 2216 Senior$afe Act of 2015

Client expense: $950,000 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Transparent Insurance Standards Act of 2016, H.R. 5143, all provisions Monitor implementation of (Pub. L. 114-1), the Terrorism Risk Insurance Program Reauthorization Act of 2015, all provisions Monitor implementation of Pub. L. 114-113, Consolidated Appropriations Act, 2016 (contains the Policyholder Protection Act), all provisions Terrorism Risk Insurance Program Reauthorization Act of 2015, H.R. 26, all provisions The Federal Insurance Offices activities at the International Association of Insurance Supervisors, all provisions Monitor implementation of P.L. 113-279, The Insurance Capital Standard Clarification of 2014, all provisions International Insurance Capital Standards Accountability Act - S. 1086, all provisions International Insurance Standards Transparency and Policyholder Protection Act - H.R. 2141, all provisions Financial Regulatory Improvement Act - S. 1484, all provisions Retail Investor Protection Act, H.R. 1090, all provisions Federal Reserve Accountability and Transparency Act of 2014, H.R. 5018, all provisions Office of Financial Research Accountability Act of 2015, H.R. 3738, all provisions Nonprofit Property Protection Act, H.R. 3794, all provisions FILES Act of 2015, H.R. 3890, all provisions FSOC Designation Review Act, H.R. 4248, all provisions Financial Stability Oversight Council Improvement Act of 2015, H.R. 1550, all provisions American Business Competitiveness Act of 2015, H.R. 4377, all provisions Bureau of Consumer Financial Protection Accountability Act of 2015, H.R. 1261, all provisions Consumer Right to Financial Privacy Act of 2015, H.R. 1262, all provisions Bureau of Consumer Financial Protection Advisory Board Enhancement Act, S. 1963, all provisions Consumer Financial Protection Safety and Soundness Improvement Act of 2015, H.R. 1263, all provisions Bureau of Consumer Financial Protection Advisory Boards Act, H.R. 1195, all provisions Financial Regulatory Improvement Act of 2015, S. 1484, all provisions Financial Stability Oversight Council Reform Act, H.R. 3340, all provisions Financial Product Safety Commission Act of 2015, H.R. 1266, all provisions FSOC Transparency and Accountability Act, H.R. 3557, all provisions Office of Financial Research Accountability Act of 2015, H.R. 3738, all provisions To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes, H.R. 3857, all provisions AFFIRM Act, H.R. 3973, all provisions AFFIRM Act, S. 2244, all provisions Consumer Financial Protection Bureau Accountability Act of 2016, S. 3318, all provisions A bill to amend the Terrorism Risk Insurance Act of 2002 to provide for the release of certain blocked assets, and for other purposes, S. 3442, all provisions Financial CHOICE Act of 2016, H.R. 5983, all provisions Systemic Risk Designation Improvement Act of 2016, H.R. 6391, all provisions Systemic Risk Designation Improvement Act of 2016, H.R. 6390, all provisions U.S. Insurance Regulation Works Act of 2016, H.R. 6436, all provisions

Client expense: $390,000 · Firm income: Not reported

Government targets: Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)

FIN - Fourth Quarter Report - 2016 Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. H.R. 9 - Innovation Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform H.R. 601 - Eliminate Privacy Notice Confusion Act. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. Issue: privacy H.R. 1090/S. 2497, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties H.R. 1478/S. 798 - Policyholder Protection Act of 2015. To amend the Federal Deposit Insurance Act to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength pursuant to such Act. Issue: Source of strength H.R. 1550 - Financial Stability Oversight Council Improvement Act of 2015. Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Issue: FSOC H.R. 2029 - Consolidated Appropriations Act. Issue: privacy, cybersecurity, source of strength, financial regulatory reform, Department of Labor proposed fiduciary rule. H.R. 2141 - International Insurance Standards Transparency and Policyholder Protection Act of 2015. This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. Issue: global insurance standards. H.R. 4248 - FSOC Designation Review Act. Issue: SIFI de-risking. H.R. 3340 - FSOC Reform Act. Issue: SIFI de-risking. H.R. 4538/S. 2216 - Senior$afe Act of 2016. Issue: protecting seniors financial security H.R. 5143 - Transparent Insurance Standards Act. Issue: international insurance standards H.R. 5484/S. 3067 - Financial Services and General Government Appropriations Act, 2017. Making appropriations for financial services and general government for the fiscal year ending September 30, 2017, and for other purposes. Issue: Global insurance standards; SIFI de-risking. H.R. 5983 -- Financial CHOICE Act. Issue: Implementation and regulatory reform of the financial services industry. S. 423 - Privacy Notice Modernization Act of 2015. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations. Issue: privacy S. 1086 - International Insurance Capital Standards Accountability Act of 2015. This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). Issue: financial regulatory reform. S. 1137 - PATENT Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform S. 1484 - Financial Regulatory Improvement Act of 2015. This legislation will improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions. Issue: financial regulatory reform. S. 1491/H.R. 2642 - Community Lender Regulatory Relief and Consumer Protection Act of 2015. This legislation will provide sensible relief to community financial institutions and to protect consumers. Issue: financial regulatory reform Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III Amendment to the Transportation, Housing & Urban Development Appropriations act, to prohibit federal guarantees for mortgages seized through eminent domain. Issue: Mortgage Investments. Draft House International Insurance Standards legislation. Issue: international insurance standards. Issue: Covered agreements on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned. Issue: Unclaimed life insurance products. No bill number assigned. Tracking: Issue: Patent reform legislation. No bill number assigned. Issue: Trust Indenture Act. No bill number assigned.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Monitoring HR 5983 The Financial Choice Act of 2016, those provisions related to insurance regulation; S 1484 The Financial Regulatory Improvement Act of 2015, particularly those provisions that relate to insurance company regulation; and HR 1550 Financial Stability Oversight Council Improvement Act of 2015, particularly those aspects that promote greater transparency in the work of the Financial Stability Oversight Council; HR 3340 Financial Stability Oversight Council Reform Act, monitoring the process for creating domestic capital standards; and HR 3557 FSOC Transparency and Accountability Act, tracking the involvement of the Federal Reserve and other federal entities in the regulation of the insurance industry; and HR 3189 The Fed Oversight and Reform Modernization Act, particularly those sections aimed to increase transparency of Fed activities

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

Government targets: Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, SENATE

Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III H.R. 1090/S. 2497, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties Amendment to the Transportation, Housing & Urban Development Appropriations act, to prohibit federal guarantees for mortgages seized through eminent domain. Issue: Mortgage Investments. H.R. 5484/S. 3067 - Financial Services and General Government Appropriations Act, 2017. Making appropriations for financial services and general government for the fiscal year ending September 30, 2017, and for other purposes. Issue: Global insurance standards; SIFI de-risking. H.R. 1478/S. 798 - Policyholder Protection Act of 2015. To amend the Federal Deposit Insurance Act to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength pursuant to such Act. Issue: Source of strength H.R. 601 - Eliminate Privacy Notice Confusion Act. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. Issue: privacy S. 423 - Privacy Notice Modernization Act of 2015. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations. Issue: privacy H.R. 2141 - International Insurance Standards Transparency and Policyholder Protection Act of 2015. This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. Issue: global insurance standards. S. 1484 - Financial Regulatory Improvement Act of 2015. This legislation will improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions. Issue: financial regulatory reform. S. 1086 - International Insurance Capital Standards Accountability Act of 2015. This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). Issue: financial regulatory reform. H.R. 1550 - Financial Stability Oversight Council Improvement Act of 2015. Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Issue: FSOC S. 1491/H.R. 2642 - Community Lender Regulatory Relief and Consumer Protection Act of 2015. This legislation will provide sensible relief to community financial institutions and to protect consumers. Issue: financial regulatory reform S. 1137 - PATENT Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform H.R. 9 - Innovation Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform H.R. 2029 - Consolidated Appropriations Act. Issue: privacy, cybersecurity, source of strength, financial regulatory reform, Department of Labor proposed fiduciary rule. H.R. 4248 - FSOC Designation Review Act. Issue: SIFI de-risking. H.R. 3340 - FSOC Reform Act. Issue: SIFI de-risking. H.R. 4538/S. 2216 - Senior$afe Act of 2016. Issue: protecting seniors financial security H.R. 5143 - Transparent Insurance Standards Act. Issue: international insurance standards H.R. 5983 -- Financial CHOICE Act. Issue: Implementation and regulatory reform of the financial services industry. Draft House International Insurance Standards legislation. Issue: international insurance standards. Issue: Federal Housing Finance Agency proposed rule on federal home loan bank membership. No bill number assigned. Issue: Covered agreements on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned. Issue: Unclaimed life insurance products. No bill number assigned. Tracking: Issue: Holocaust era insurance policy claims. No bill number assigned. Issue: Patent reform legislation. No bill number assigned. Issue: Trust Indenture Act. No bill number assigned.

Client expense: $1,134,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 601- Consumer Financial Products H.R. 888- Dodd-Frank amendment H.R. 1233- Regulatory Relief H.R. 1262- Consumer Financial Products H.R. 1264- Consumer Financial Products H.R. 1266- Financial Product Safety Commission H.R. 1550- Financial Stability Oversight Council (FSOC) H.R. 1965- Securities and Exchange Commission (SEC) H.R. 2029- Appropriations H.R. 2099- Consumer Financial Products H.R. 3340- FSOC H.R. 3189- Federal Reserve H.R. 3557- FSOC H.R. 3738- Data Security H.R. 3857- FSOC H.R. 4538- Senior Citizens; Finance H.R. 5983- Financial CHOICE Act of 2016 S. 2038- Finance Reform S. 2216- Senior Citizens; Finance

Client expense: Not reported · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Geospatial Intelligence Agency, Natl Highway Traffic Safety Administration (NHTSA), Natl Transportation Safety Board (NTSB), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

H.R. 50 (Unfunded Mandates Information and Transparency Act of 2015); H.R. 414 (Burdensome Data Collection Relief Act); H.R. 644 (Trade Facilitation and Trade Enforcement Act of 2015); H.R. 1090 (Retail Investor Protection Act); H.R. 1098 (Investor Choice Act of 2015); H.R. 1163 (Futures Investor Protection Act); H.R. 1295 (Trade Preferences Extension Act of 2015); H.R. 1314 (Trade Act of 2015); H.R. 1334 (Holding Company Registration Threshold Equalization Act of 2015); H.R. 1525 (Disclosure Modernization and Simplification Act of 2015); H.R. 1550 (Financial Stability Oversight Council Improvement Act of 2015); H.R. 1723 (Small Company Simple Registration Act of 2015); H.R. 1890 (Bipartisan Congressional Trade Priorities and Accountability Act of 2015); H.R. 1982 (Restoring Main Street Investor Protection and Confidence Act); H.R. 2356 (Fair Access to Investment Research Act of 2015); H.R. 3738 (Office of Financial Research Accountability Act of 2015); H.R. 3340 (Financial Stability Oversight Council Reform Act); H.R. 4538 (Senior$afe Act of 2016); H.R. 5019 (Fair Access to Investment Research Act of 2016); H.R. 5485 (Financial Services and General Government Appropriations Act, 2017); H.R. 5592 (Derivatives Oversight and Taxpayer Protection Act); S. 67 (Restoring Main Street Investor Protection and Confidence Act); S. 115 (Fair Tax Act of 2015); S. 153 (I-Squared Act of 2015); S. 161 (Paying a Fair Share Act of 2015); S. 305 (American Job Protection Act); S. 576 (Encouraging Employee Ownership Act); S. 995 (Bipartisan Congressional Trade Priorities and Accountability Act of 2015); S. 1484 (Financial Regulatory Improvement Act of 2015); S. 2216 (Senior$afe Act of 2015); S. 2497 (Retail Investor Protection Act of 2016); S. 3092 (Fair Access to Investment Research Act of 2016); Swap dealer and major swap participant recordkeeping and reporting, duties, and conflicts of interest policies and procedures; Swap execution facilities; Swap dealer, major swap participant, and futures commission merchant chief compliance officer; Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation (including Section 913; Section 914; Systemic risk regulation and liquidation authority; Section 342 (Office of Minority and Women Inclusion); Section 621; Section 941; Title I and Title II); Systemic Risk Regulation and liquidation authority; China - strategic and economic dialogue; Bilateral Investment Treaties, India, China; Transpacific Partnership; India Market Access Issues; European Union proposal regarding Credit Default Swaps and Credit Rating Agencies and their impact on US Markets; Basel Capital Rules; Basel Securitization Framework; TransAtlantic Trade and Investment Partnership (TTIP); India Financial Sector Reform; Accounting standards for municipalities; Securities Investor Protection Corporation (SIPC) reform and funding fees; Bankruptcy reform for municipalities; Support of financial literacy; Privacy and cybersecurity issues (general); Municipal advisor regulation; CFTC cross-border guidance exemptive order; Financial Stability Oversight Council (FSOC); FSOC consideration of systemically important financial institutions (SIFIs); FSOC Transparency Policy; CFTC exemptive order on extraterritorial scope of Title VII; Legal entity identifier (LEI); Jumpstart our Business Startups (JOBS) Act implementation; Basel Committee on Banking Supervision (BCBS) and International Organization of Securities Commissions (IOSCO) consultation paper on margin requirements for uncleared derivatives; Commodity Pools and Securitization; Securities and Exchange Commission Rules 15Ba1-1 through 15Ba1-8; CFTC recordkeeping requirements (CEA Section 23.201); Leverage capital requirements; Release No. 34-71958, Security-Based Swap Dealers Recordkeeping; Recordkeeping Requirements; Rules 17a-3, 17a-4 (Securities and Exchange Commission, Commodity Futures Trading Commission, Financial Industry Regulatory Authority); Regulation AB II (asset backed securities - Securities and Exchange Commission, Consumer Financial Protection Bureau); CFTC proposed rule on margin requirements for uncleared swaps; Prudential Regulator's proposed rule on margin requirements for uncleared swaps; Futures Commission Merchant and Introducing Broker Conflicts of Interest Policies and Procedures; Inter-affiliate swap transactions; Securities and Exchange Commission proposed rule on margin requirements for uncleared swaps; U.S./EU cross-border regulatory issues; Trade policy issues (general); China "Secure and Controllable" information and communication technologies (ICT) regulations. Mutual Fund 12b-1 Fees; Senior investors/diminished capacity investors; Broker-dealers/investment advisers mitigation of accounts; Basel III Liquidity Coverage Ratio rules; Public Company Accounting Oversight Board small broker/dealer exemption; U.S./EU financial markets regulatory dialogue; Trade and international issues (general); Diversity (general); National Market System (NMS) discussion draft; Data localization requirements in the Trans-Pacific Partnership; Swap Execution Facilities (SEFs) and clearing for swaps; Global FX Code of Conduct; Decision to delay implementation for margin for non-centrally cleared swaps; Municipal securities disclosure regulation; Financial CHOICE Act.

Client expense: $1,620,000 · 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), Internal Revenue Service (IRS), 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), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)

H.R. 1309, Systemic Risk Designation Improvement Act of 2015 H.R. 1486, Taking Account of Bureaucrats' Spending (TABS) Act of 2016 H.R. 1550, Financial Stability Oversight Council Improvement Act of 2015 H.R. 2356, Fair Access to Investment Research Act of 2015 H.R. 2357, Accelerating Access to Capital Act of 2015 H.R. 2477, Financial Transparency Act of 2015 H.R. 3340, Financial Stability Oversight Council Reform Act H.R. 3557, FSOC Transparency and Accountability Act H.R. 3738, Office of Financial Research Accountability Act of 2015 H.R. 3784, SEC Small Business Advocate Act of 2015 H.R. 3791, To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes H.R. 3798, Due Process Restoration Act of 2015 H.R. 3868, Small Business Credit Availability Act H.R. 4096, Investor Clarity and Bank Parity Act H.R. 4139, Fostering Innovation Act of 2015 H.R. 4166, Expanding Proven Financing for American Employers Act H.R. 4168, Small Business Capital Formation Enhancement Act H.R. 4216/S. 1802, Consumer Financial Choice and Capital Markets Protection Act of 2015 H.R. 4293, Affordable Retirement Advice Protection Act H.R. 4294, Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act of 2015 H.R. 4450/S. 2489, Incorporation Transparency and Law Enforcement Assistance Act H.R. 4498/S. 978, Helping Angels Lead Our Startups (HALOS) Act H.R. 4620, Preserving Access to CRE Capital Act of 2016 H.R. 4718, Gender Diversity in Corporate Leadership Act of 2016 H.R. 4852, Private Placement Improvement Act of 2016 H.R. 4854, Supporting America's Innovators Act of 2016 H.R. 4855, Fix Crowdfunding Act H.R. 5019, Fair Access to Investment Research Act of 2016 H.R. 5143, Transparent Insurance Standards Act of 2016 H.R. 5311, Corporate Governance Reform and Transparency Act of 2016 H.R. 5424, Investment Advisers Modernization Act of 2016 H.R. 5429, SEC Regulatory Accountability Act H.R. 5485/S. 3067, Financial Services and General Government Appropriations Act, 2017, including provisions related to House Amendment 1253 H.R. 5982, Midnight Rules Relief Act of 2016 H.R. 5983, Financial CHOICE Act of 2016 S. 2867, SEC Small Business Advocate Act of 2016 Final regulation on definition of the term "fiduciary"; conflict of interest rule--retirement investment advice (81 Fed. Reg. 20,946, April 8, 2016) Proposed regulations on regulation automated trading (80 Fed. Reg. 78,824, December 17, 2015) Proposed regulations on arbitration agreements (81 Fed. Reg. 32,830, May 24, 2016) Proposed regulations on capital requirements for supervised institutions significantly engaged in insurance activities (81 Fed. Reg. 38,631, June 14, 2016) Proposed regulations payday, vehicle title and certain high-cost installment loans (81 Fed. Reg. 47,864, July 22, 2016) Proposed regulations on amendments relating to disclosure of records and information (81 Fed. Reg. 58,310, August 24, 2016) Proposed regulations on enhanced prudential standards for systemically important insurance companies (81 Fed. Reg. 38,610, June 14, 2016) Notice regarding consumer response company response survey (81 Fed. Reg. 50,484, August 1, 2016) Various issues relating to the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203); Basel III capital standards, bank capital, and liquidity reform; political spending disclosures; systemic risk regulation and capital standards for non-bank financial companies; changes to Credit Repair Organizations Act of 1996 (CROA) (P.L. 90-321, Title IV); Securities and Exchange Commission electronic delivery and investment company reporting modernization; Federal Reserve reform; universal ballot; proxy voting system

Client expense: $18,410,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Bureau of Industry and Security (BIS), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Council on Environmental Quality (CEQ), Defense, Dept of (DOD), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Bureau of Investigation (FBI), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Institute of Standards & Technology (NIST), Natl Labor Relations Board (NLRB), Natl Security Council (NSC), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Transportation Security Administration (TSA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. Fish & Wildlife Service (USFWS), U.S. Geological Survey (USGS), U.S. Trade Representative (USTR), White House Office

Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III H.R. 1090/ S. 2497, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties Financial Services and General Government Appropriations Act, 2016. Making appropriations for financial services and general government for the fiscal year ending September 30, 2016, and for other purposes. Issue: Global insurance standards H.R. 1478/S. 798 - Policyholder Protection Act of 2015. To amend the Federal Deposit Insurance Act to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength pursuant to such Act. Issue: Source of strength H.R. 601 - Eliminate Privacy Notice Confusion Act. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. Issue: privacy S. 423 - Privacy Notice Modernization Act of 2015. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations. Issue: privacy H.R. 2141 - International Insurance Standards Transparency and Policyholder Protection Act of 2015. This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. Issue: global insurance standards. S. 1484 - Financial Regulatory Improvement Act of 2015. This legislation will improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions. Issue: financial regulatory reform. S. 1086 - International Insurance Capital Standards Accountability Act of 2015. This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). Issue: financial regulatory reform. H.R. 1550 - Financial Stability Oversight Council Improvement Act of 2015. Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Issue: FSOC S. 1137 - PATENT Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. H.R. 9 - Innovation Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. H.R. 2029 - Consolidated Appropriations Act. Issue: privacy, cybersecurity source of strength, financial regulatory reform, Department of Labors proposed fiduciary rule. H.R. 4248 - FSOC Designation Review Act. Issue: SIFI de-risking. H.R. 3340 - FSOC Reform Act. Issue: SIFI de-risking. H.R. 4538/S. 2216 - Senior$afe Act of 2016. Issue: safe harbor for reporting of suspected senior financial abuse HR 5983: Financial CHOICE Act. Issue: Implementation and regulatory reform of the financial services industry. H.R. 5143 - Transparent Insurance Standards Act. Issue: international insurance standards Issue: Federal Housing Finance Agency proposed rule on federal home loan bank membership. No bill number assigned. Issue: Covered agreements on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned. Issue: Unclaimed life insurance products. No bill number assigned. Tracking: Issue: Holocaust era insurance policy claims. No bill number assigned. Issue: Patent reform legislation. No bill number assigned.

Client expense: $620,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

FIN - Third Quarter Report - 2016 Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. H.R. 9 - Innovation Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform H.R. 601 - Eliminate Privacy Notice Confusion Act. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. Issue: privacy H.R. 1090/S. 2497, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties H.R. 1478/S. 798 - Policyholder Protection Act of 2015. To amend the Federal Deposit Insurance Act to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength pursuant to such Act. Issue: Source of strength H.R. 1550 - Financial Stability Oversight Council Improvement Act of 2015. Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Issue: FSOC H.R. 2029 - Consolidated Appropriations Act. Issue: privacy, cybersecurity, source of strength, financial regulatory reform, Department of Labor proposed fiduciary rule. H.R. 2141 - International Insurance Standards Transparency and Policyholder Protection Act of 2015. This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. Issue: global insurance standards. H.R. 3340 - FSOC Reform Act. Issue: SIFI de-risking. H.R. 4248 - FSOC Designation Review Act. Issue: SIFI de-risking. H.R. 4538/S. 2216 - Senior$afe Act of 2016. Issue: protecting seniors financial security H.R. 5143 - Transparent Insurance Standards Act. Issue: international insurance standards H.R. 5484/S. 3067 - Financial Services and General Government Appropriations Act, 2017. Making appropriations for financial services and general government for the fiscal year ending September 30, 2017, and for other purposes. Issue: Global insurance standards; SIFI de-risking. H.R. 5983 -- Financial CHOICE Act. Issue: Implementation and regulatory reform of the financial services industry. S. 423 - Privacy Notice Modernization Act of 2015. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations. Issue: privacy S. 1086 - International Insurance Capital Standards Accountability Act of 2015. This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). Issue: financial regulatory reform. S. 1137 - PATENT Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform S. 1484 - Financial Regulatory Improvement Act of 2015. This legislation will improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions. Issue: financial regulatory reform. S. 1491/H.R. 2642 - Community Lender Regulatory Relief and Consumer Protection Act of 2015. This legislation will provide sensible relief to community financial institutions and to protect consumers. Issue: financial regulatory reform Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III Amendment to the Transportation, Housing & Urban Development Appropriations act, to prohibit federal guarantees for mortgages seized through eminent domain. Issue: Mortgage Investments. Draft House International Insurance Standards legislation. Issue: international insurance standards. Issue: Covered agreements on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned. Issue: Unclaimed life insurance products. No bill number assigned. Tracking: Issue: Patent reform legislation. No bill number assigned. Issue: Trust Indenture Act. No bill number assigned.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Transparent Insurance Standards Act of 2016, H.R. 5143, all provisions Monitor implementation of (Pub. L. 114-1), the Terrorism Risk Insurance Program Reauthorization Act of 2015, all provisions Monitor implementation of Pub. L. 114-113, Consolidated Appropriations Act, 2016 (contains the Policyholder Protection Act), all provisions Terrorism Risk Insurance Program Reauthorization Act of 2015, H.R. 26, all provisions The Federal Insurance Offices activities at the International Association of Insurance Supervisors, all provisions Monitor implementation of P.L. 113-279, The Insurance Capital Standard Clarification of 2014, all provisions International Insurance Capital Standards Accountability Act - S. 1086, all provisions International Insurance Standards Transparency and Policyholder Protection Act - H.R. 2141, all provisions Financial Regulatory Improvement Act - S. 1484, all provisions Retail Investor Protection Act, H.R. 1090, all provisions Federal Reserve Accountability and Transparency Act of 2014, H.R. 5018, all provisions Office of Financial Research Accountability Act of 2015, H.R. 3738, all provisions Nonprofit Property Protection Act, H.R. 3794, all provisions FILES Act of 2015, H.R. 3890, all provisions FSOC Designation Review Act, H.R. 4248, all provisions Financial Stability Oversight Council Improvement Act of 2015, H.R. 1550, all provisions American Business Competitiveness Act of 2015, H.R. 4377, all provisions Bureau of Consumer Financial Protection Accountability Act of 2015, H.R. 1261, all provisions Consumer Right to Financial Privacy Act of 2015, H.R. 1262, all provisions Bureau of Consumer Financial Protection Advisory Board Enhancement Act, S. 1963, all provisions Consumer Financial Protection Safety and Soundness Improvement Act of 2015, H.R. 1263, all provisions Bureau of Consumer Financial Protection Advisory Boards Act, H.R. 1195, all provisions Financial Regulatory Improvement Act of 2015, S. 1484, all provisions Financial Stability Oversight Council Reform Act, H.R. 3340, all provisions Financial Product Safety Commission Act of 2015, H.R. 1266, all provisions FSOC Transparency and Accountability Act, H.R. 3557, all provisions Office of Financial Research Accountability Act of 2015, H.R. 3738, all provisions To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes, H.R. 3857, all provisions AFFIRM Act, H.R. 3973, all provisions AFFIRM Act, S. 2244, all provisions Consumer Financial Protection Bureau Accountability Act of 2016, S. 3318, all provisions A bill to amend the Terrorism Risk Insurance Act of 2002 to provide for the release of certain blocked assets, and for other purposes, S. 3442, all provisions Financial CHOICE Act of 2016, H.R. 5983, all provisions

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

Government targets: Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)

Issues related to: Flood Insurance; Retirement Security/Annuities; H.R.1550, To amend the Financial Stability Act of 2010 to improve the transparency of the Financial Stability Oversight Council, to improve the Systemically Important Financial Institution (SIFI) designation process, and for other purposes; H.R.1309, Systemic Risk Designation Improvement Act of 2015; S.1484 Financial Regulatory Improvement Act of 2015; H.R.141 Flood Insurance Premium Parity Act of 2015; H.R.1478 The Policy Holder Protection Act; S.1679 Flood Insurance Market Parity and Modernization Act; H.R 2901, Flood Insurance Market Parity and Modernization Act; H.R 1550 Financial Stability Oversight Council Improvement Act of 2015; H.R. 2141 International Insurance Standards Transparency and Policyholder Protection Act of 2015; S.1086 International Insurance Capital Standards Accountability Act; H.R. 2029, Consolidated Appropriations Act of 2016; and H.R.3738, Office of Financial Research Accountability Act of 2015; Financial Stability Oversight Council Reform Act (H.R.3340); H.R. 4538 Seniors And Veterans Emergency Benefits Act or the SAVE Benefits Act and S. 2216 SAFE Benefits Act

Client expense: $940,000 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Issues related to: Anti-Money Laundering (AML); S. 3067 and H.R. 5485 - FY17 Financial Services and General Government appropriations; Credit Card/Interchange Fees; Retirement Security; Data Breach; Automobile Financing; Arbitration; Structure and Activities of the Office of Financial Research; S. 510 Bureau of Consumer Financial Protection-Inspector General Reform Act; S. 774 Financial Institutions Examination Fairness and Reform Act; H.R. 185 Regulatory Accountability Act; H.R. 601 Eliminate Privacy Notice Confusion Act; H.R.1233 Community Lending Enhancement and Regulatory Relief Act of 2015; H.R.37 Promoting Job Creation and Reducing Small Business Burdens Act; S. 961 The Data Security Act; H.R 2205 The Data Security Act; H.R.1550 Financial Stability Oversight Council Improvement Act of 2015; H.R 1266 Financial Product Safety Commission Act; Federal Reserve Dividend Revenue; S. 1484 Financial Regulatory Improvement Act; H.R. 3738, Office of Financial Research Accountability Act of 2015; Implications of the Federal Reserve dividend reduction section contained in PL 114-94, the Drive Act; Senior $afe Act (H.R.4538; S.2216); Financial Stability Oversight Council Reform Act (H.R.3340; issues related to cybersecurity and financial services; H.R. 1309 - Systemic Risk Designation Improvement Act of 2015; S.2251, Seniors And Veterans Emergency Benefits Act or the SAVE Benefits Act; Retirement Enhancement and Savings Act; H.R. 5983, Financial CHOICE Act,Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs.

Client expense: $940,000 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

H.R. 601- Consumer Financial Products H.R. 888- Dodd-Frank amendment H.R. 1233- Regulatory Relief H.R. 1262- Consumer Financial Products H.R. 1264- Consumer Financial Products H.R. 1266- Financial Product Safety Commission H.R. 1550- Financial Stability Oversight Council (FSOC) H.R. 1965- Securities and Exchange Commission (SEC) H.R. 2029- Appropriations H.R. 2099- Consumer Financial Products H.R. 3340- FSOC H.R. 3189- Federal Reserve H.R. 3557- FSOC H.R. 3738- Data Security H.R. 3857- FSOC H.R. 4538- Senior Citizens; Finance H.R. 5983- Financial CHOICE Act of 2016 S. 2038- Finance Reform S. 2216- Senior Citizens; Finance

Client expense: $1,010,000 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Geospatial Intelligence Agency, Natl Highway Traffic Safety Administration (NHTSA), Natl Oceanic & Atmospheric Administration (NOAA), Natl Transportation Safety Board (NTSB), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

HR 601, S 423 Eliminate Privacy Notice Confusion Act; We support these bills to eliminate costly, unnecessary and confusing annual privacy notices when no changes in privacy policy have been made. Also monitoring S 1484 The Financial Regulatory Improvement Act of 2015, particularly those provisions that relate to insurance company regulation; and HR 1550 Financial Stability Oversight Council Improvement Act of 2015, particularly those aspects that promote greater transparency in the work of the Financial Stability Oversight Council; HR 3340 Financial Stability Oversight Council Reform Act, monitoring the process for creating domestic capital standards; and HR 3557 FSOC Transparency and Accountability Act, tracking the involvement of the Federal Reserve and other federal entities in the regulation of the insurance industry; and HR 3189 The Fed Oversight and Reform Modernization Act, particular those sections aimed to increase transparency of Fed activities

Client expense: $110,000 · Firm income: Not reported

Government targets: Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, SENATE

Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III H.R. 1090/S. 2497, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties Amendment to the Transportation, Housing & Urban Development Appropriations act, to prohibit federal guarantees for mortgages seized through eminent domain. Issue: Mortgage Investments. H.R. 5484/S. 3067 - Financial Services and General Government Appropriations Act, 2017. Making appropriations for financial services and general government for the fiscal year ending September 30, 2017, and for other purposes. Issue: Global insurance standards; SIFI de-risking. H.R. 1478/S. 798 - Policyholder Protection Act of 2015. To amend the Federal Deposit Insurance Act to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength pursuant to such Act. Issue: Source of strength H.R. 601 - Eliminate Privacy Notice Confusion Act. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. Issue: privacy S. 423 - Privacy Notice Modernization Act of 2015. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations. Issue: privacy H.R. 2141 - International Insurance Standards Transparency and Policyholder Protection Act of 2015. This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. Issue: global insurance standards. S. 1484 - Financial Regulatory Improvement Act of 2015. This legislation will improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions. Issue: financial regulatory reform. S. 1086 - International Insurance Capital Standards Accountability Act of 2015. This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). Issue: financial regulatory reform. H.R. 1550 - Financial Stability Oversight Council Improvement Act of 2015. Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Issue: FSOC S. 1491/H.R. 2642 - Community Lender Regulatory Relief and Consumer Protection Act of 2015. This legislation will provide sensible relief to community financial institutions and to protect consumers. Issue: financial regulatory reform S. 1137 - PATENT Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform H.R. 9 - Innovation Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform H.R. 2029 - Consolidated Appropriations Act. Issue: privacy, cybersecurity, source of strength, financial regulatory reform, Department of Labor proposed fiduciary rule. H.R. 4248 - FSOC Designation Review Act. Issue: SIFI de-risking. H.R. 3340 - FSOC Reform Act. Issue: SIFI de-risking. H.R. 4538/S. 2216 - Senior$afe Act of 2016. Issue: protecting seniors financial security H.R. 5143 - Transparent Insurance Standards Act. Issue: international insurance standards H.R. 5983 -- Financial CHOICE Act. Issue: Implementation and regulatory reform of the financial services industry. Draft House International Insurance Standards legislation. Issue: international insurance standards. Issue: Federal Housing Finance Agency proposed rule on federal home loan bank membership. No bill number assigned. Issue: Covered agreements on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned. Issue: Unclaimed life insurance products. No bill number assigned. Tracking: Issue: Holocaust era insurance policy claims. No bill number assigned. Issue: Patent reform legislation. No bill number assigned. Issue: Trust Indenture Act. No bill number assigned.

Client expense: $1,071,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Access to Capital: SBE Council continues to advocate for reforms and solutions to improve capital formation in the U.S. and access to capital for small businesses. Some specific bills include: H.R. 4498: Helping Angels Lead Our Startups (HALOS) Act - SBE Council supported House passage. H.R. 3791: A bill to increase the consolidated asset threshold for small banks - SBE Council supported House passage. H.R. 4139: The Fostering Innovation Act - SBE Council supported House passage. H.R. 4852: The Private Placement Improvement Act of 2016 - SBE Council expressed support and continues to advocate for House passage. H.R. 4855: Fix Crowdfunding Act of 2016 - SBE Council continues to advocate for full House passage. H.R. 4850: Micro Offering Safe Harbor Act - SBE Council supports this legislation. Regulatory Reform and Modernization: SBE Council continues to voice support for comprehensive regulatory reform including streamlining regulations, more openness and transparency in the regulatory process, giving small businesses a meaningful voice in rulemakings, cost-benefit analysis, and looks-backs and sunsetting of regulations. We weighed in on efforts in the House (the Speakers working groups) on both the regulatory reform plan and financial regulatory system overhaul Better Way proposals. Some specific bills include: H.R. 3340: The Financial Stability Council Reform Act - SBE Council supported House passage. S. 2707 and H.R. 4773: Protecting Workplace Advancement and Opportunity Act - SBE Council supports House and Senate bills. H.R. 4768: Separation of Powers Restoration Act - SBE Council supports House passage and action on a similar bill in the Senate. S. 2867: The SEC Small Business Advocate Act of 2016 - SBE Council supports Senate action on the legislation. H.R. 5429: The SEC Regulatory Accountability Act - SBE Council supports this legislation. H.R. 4775: Ozone Standards and Implementation Act of 2016 - SBE Council supports this legislation. H. R. 3880: Stopping EPA Overreach Act - SBE Council supports this legislation. S.J. Res 28: Duplicative Regulation of Catfish - SBE Council is supportive of the resolution. H.R. 5328: The Federal Agency Complete Transparency (FACT) Act - SBE Council supports this legislation. Tax Reform and Relief: SBE Council continues to engage with Congress and the Administration on the need for tax system overhaul, fairness and simplicity for small businesses. We provided feedback to a working group in the House on the Better Way tax reform plan. Federal Government Procurement/Access to Contracts. Specific bills include: H.R. 4284, H.R. 3714, H.R. 4332, H.R. 4325, H.R. 4326 - a package of bills supporting small business government contractors, access to contracts and fair competition. SBE Council supported House passage. Perry Amendment to MilCon/Va Approps: Ensuring Fair and Open Competition for Federal Construction Contracts - SBE Council supported. Government Reform and Accountability/Good Government Bills. Specific bills include: H.R. 5283: Deterring Undue Enforcement by Protecting Rights of Citizens from Excessive Searches and Seizures Act of 2016 (Due Process Act) - SBE Council supports. H.R. 4885: The IRS Oversight While Eliminating Spending (OWES) Act of 2016 - SBE Council supported House passage. H.R. 5053: Preventing IRS Abuse and Protecting Free Speech Act - SBE Council supported. H.R. 4890: Related to IRS Performance and Bonuses - SBE Council supported House passage. H.R. 3724: Ensuring Integrity in the IRS Workforce Act of 2016 - SBE Council supported House passage. Taxpayer Bill of Rights Regarding IRS Examination Process - SBE Council continues to support efforts in the House and Senate to address shortcomings in the system and advance reforms. International Trade, Competitiveness and Tariff Relief, Intellectual Property: SBE Council continues to voice support for trade agreements and efforts to improve and simplify exporting for small businesses. Specific bills include: H.R. 4923: American Manufacturing Competitiveness Act of 2016 - SBE Council supported House passage. Affordable Health Coverage and ACA Reform: SBE Council continues to support multiple efforts to fully reform the Affordable Care Act and replace with market-based alternatives and solutions that produce competition and lower costs for small businesses. Specific bills include: H.R. 5447: Small Business Health Care Relief Act - Legislation to Allow for Health Reimbursement Accounts (HRAs) - SBE Council supported House passage and continues to support S. 3060, the Senate companion bill. Coalition Letter on H.R. 3463: Aligning Childrens Dental Coverage Act of 2015 - SBE Council supports. H.R. 1270: Restoring Access to Medication and Improving Health Savings Act of 2016 - SBE Council supports this legislation. H.R. 5445: The Health Care Security Act of 2016 - SBE Council supports this legislation.

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

Government targets: Environmental Protection Agency (EPA), Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA), White House Office

H.R. 22 (Developing a Reliable and Innovative Vision for the Economy Act); H.R. 37 (Promoting Job Creation and Reducing Small Business Burdens Act); H.R. 50 (Unfunded Mandates Information and Transparency Act of 2015); H.R. 414 (Burdensome Data Collection Relief Act); H.R. 432 (SBIC Advisers Relief Act of 2015); H.R. 644 (Trade Facilitation and Trade Enforcement Act of 2015); H.R. 686 (Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015); H.R. 897 (Reducing Regulatory Burdens Act of 2015); H.R. 989 (Capital Access for Small Businesses and Jobs Act); H.R. 1090 (Retail Investor Protection Act); H.R. 1098 (Investor Choice Act of 2015); H.R. 1163 (Futures Investor Protection Act); H.R. 1295 (Trade Preferences Extension Act of 2015); H.R. 1314 (Trade Act of 2015); H.R. 1334 (Holding Company Registration Threshold Equalization Act of 2015); H.R. 1525 (Disclosure Modernization and Simplification Act of 2015); H.R. 1550 (Financial Stability Oversight Council Improvement Act of 2015); H.R. 1659 (Improving Access to Capital for Emerging Growth Companies Act); H.R. 1675 (Encouraging Employee Ownership Act of 2015); H.R. 1723 (Small Company Simple Registration Act of 2015); H.R. 1890 (Bipartisan Congressional Trade Priorities and Accountability Act of 2015); H.R. 1982 (Restoring Main Street Investor Protection and Confidence Act); H.R. 2356 (Fair Access to Investment Research Act of 2015); H.R. 3738 (Office of Financial Research Accountability Act of 2015); H.R. 3340 (Financial Stability Oversight Council Reform Act); H.R. 4538 (Senior$afe Act of 2016); S. 67 (Restoring Main Street Investor Protection and Confidence Act); S. 115 (Fair Tax Act of 2015); S. 153 (I-Squared Act of 2015); S. 161 (Paying a Fair Share Act of 2015); S. 305 (American Job Protection Act); S. 576 (Encouraging Employee Ownership Act); S. 995 (Bipartisan Congressional Trade Priorities and Accountability Act of 2015); S. 1484 (Financial Regulatory Improvement Act of 2015); S. 2216 (Senior$afe Act of 2015); S. 2497 (Retail Investor Protection Act of 2016); Swap dealer and major swap participant recordkeeping and reporting, duties, and conflicts of interest policies and procedures; Swap execution facilities; Swap dealer, major swap participant, and futures commission merchant chief compliance officer; Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation (including Section 913; Section 914; Systemic risk regulation and liquidation authority; Section 342 (Office of Minority and Women Inclusion); Section 621; Section 941; Title I and Title II); Systemic Risk Regulation and liquidation authority; Market Structure Issues (dark pools, flash quotes, high frequency trading); China - strategic and economic dialogue; Bilateral Investment Treaties, India, China; Transpacific Partnership; India Market Access Issues; European Union proposal regarding Credit Default Swaps and Credit Rating Agencies and their impact on US Markets; Basel Capital Rules; Basel Securitization Framework; TransAtlantic Trade and Investment Partnership (TTIP); India Financial Sector Reform; Accounting standards for municipalities; Securities Investor Protection Corporation (SIPC) reform and funding fees; Bankruptcy reform for municipalities; Support of financial literacy; Privacy and cybersecurity issues (general); Municipal advisor regulation; CFTC cross-border guidance exemptive order; Financial Stability Oversight Council (FSOC); FSOC consideration of systemically important financial institutions (SIFIs); FSOC Transparency Policy; CFTC exemptive order on extraterritorial scope of Title VII; Legal entity identifier (LEI); Jumpstart our Business Startups (JOBS) Act implementation; Basel Committee on Banking Supervision (BCBS) and International Organization of Securities Commissions (IOSCO) consultation paper on margin requirements for uncleared derivatives; Commodity Pools and Securitization; Securities and Exchange Commission Rules 15Ba1-1 through 15Ba1-8; CFTC recordkeeping requirements (CEA Section 23.201); Leverage capital requirements; Release No. 34-71958, Security-Based Swap Dealers Recordkeeping; Recordkeeping Requirements; Rules 17a-3, 17a-4 (Securities and Exchange Commission, Commodity Futures Trading Commission, Financial Industry Regulatory Authority); Regulation AB II (asset backed securities - Securities and Exchange Commission, Consumer Financial Protection Bureau); CFTC proposed rule on margin requirements for uncleared swaps; Prudential Regulator's proposed rule on margin requirements for uncleared swaps; Futures Commission Merchant and Introducing Broker Conflicts of Interest Policies and Procedures; Inter-affiliate swap transactions; Securities and Exchange Commission proposed rule on margin requirements for uncleared swaps; U.S./EU cross-border regulatory issues; Trade policy issues (general); China "Secure and Controllable" information and communication technologies (ICT) regulations. Mutual Fund 12b-1 Fees; Senior investors/diminished capacity investors; Broker-dealers/investment advisers mitigation of accounts; Basel III Liquidity Coverage Ratio rules; Public Company Accounting Oversight Board small broker/dealer exemption; U.S./EU financial markets regulatory dialogue; Trade and international issues (general); Diversity (general); National Market System (NMS) discussion draft; Data localization requirements in the Trans-Pacific Partnership; Swap Execution Facilities (SEFs) and clearing for swaps; Global FX Code of Conduct; Decision to delay implementation for margin for non-centrally cleared swaps; Municipal securities disclosure regulation; Financial CHOICE Act.

Client expense: $1,560,000 · 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), Internal Revenue Service (IRS), 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), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)

H.R. 601- Consumer Financial Products H.R. 888- Dodd-Frank amendment H.R. 1233- Regulatory Relief H.R. 1262- Consumer Financial Products H.R. 1264- Consumer Financial Products H.R. 1266- Financial Product Safety Commission H.R. 1550- Financial Stability Oversight Council (FSOC) H.R. 1965- Securities and Exchange Commission (SEC) H.R. 2029- Appropriations H.R. 2099- Consumer Financial Products H.R. 3340- FSOC H.R. 3189- Federal Reserve H.R. 3557- FSOC H.R. 3738- Data Security H.R. 3857- FSOC No#- Financial CHOICE Act of 2016 S. 2038- Finance Reform

Client expense: $1,420,000 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Geospatial Intelligence Agency, Natl Highway Traffic Safety Administration (NHTSA), Natl Oceanic & Atmospheric Administration (NOAA), Natl Transportation Safety Board (NTSB), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

H.R. 601, Eliminate Privacy Notice Confusion Act H.R. 766, Financial Institution Customer Protection Act of 2015 H.R. 1023/S. 552, Small Business Investment Company Capital Act of 2015 H.R. 1090, Retail Investor Protection Act H.R. 1195, Bureau of Consumer Financial Protection Advisory Boards Act H.R. 1259, Helping Expand Lending Practices in Rural Communities Act H.R. 1265, Bureau Advisory Commission Transparency Act H.R. 1486, Taking Account of Bureaucrats' Spending (TABS) Act of 2016 H.R. 1550, Financial Stability Oversight Council Improvement Act of 2015 H.R. 1675, Capital Markets Improvement Act of 2016 H.R. 1965, Small Company Disclosure Simplification Act H.R. 1975, Securities and Exchange Commission Overpayment Credit Act H.R. 2289, Commodity End User Relief Act H.R. 2356, Fair Access to Investment Research Act of 2015 H.R. 2357, Accelerating Access to Capital Act of 2015 H.R. 2477, Financial Transparency Act of 2015 H.R. 2648/S. 1109, Truth in Settlements Act of 2015 H.R. 2901/S. 1679, Flood Insurance Market Parity and Modernization Act H.R. 3340, Financial Stability Oversight Council Reform Act H.R. 3557, FSOC Transparency and Accountability Act H.R. 3738, Office of Financial Research Accountability Act of 2015 H.R. 3784, SEC Small Business Advocate Act of 2015 H.R. 3791, To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes H.R. 3798, Due Process Restoration Act of 2015 H.R. 3868, Small Business Credit Availability Act H.R. 4096, Investor Clarity and Bank Parity Act H.R. 4139, Fostering Innovation Act of 2015 H.R. 4166, Expanding Proven Financing for American Employers Act H.R. 4168, Small Business Capital Formation Enhancement Act H.R. 4216/S. 1802, Consumer Financial Choice and Capital Markets Protection Act of 2015 H.R. 4293, Affordable Retirement Advice Protection Act H.R. 4294, Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act of 2015 H.R. 4450/S. 2489, Incorporation Transparency and Law Enforcement Assistance Act H.R. 4498/S. 978, Helping Angels Lead Our Startups (HALOS) Act H.R. 4620, Preserving Access to CRE Capital Act of 2016 H.R. 4718, Gender Diversity in Corporate Leadership Act of 2016 H.R. 4852, Private Placement Improvement Act of 2016 H.R. 4854, Supporting America's Innovators Act of 2016 H.R. 4855, Fix Crowdfunding Act H.R. 5019, Fair Access to Investment Research Act of 2016 H.R. 5143, Transparent Insurance Standards Act of 2016 H.R. 5311, Corporate Governance Reform and Transparency Act of 2016 H.R. 5424, Investment Advisers Modernization Act of 2016 H.R. 5429, SEC Regulatory Accountability Act H.R. 5485, Financial Services and General Government Appropriations Act, 2017 S. 1484, Financial Regulatory Improvement Act of 2015 S. 2867, SEC Small Business Advocate Act of 2016 S. 2917, Commodity End-User Relief Act H.J. Res. 88, Disapproving the rule submitted by the Department of Labor relating to the definition of the term "Fiduciary" S.J. Res. 33, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice Draft legislation on conflict minerals disclosures Proposed regulations on the definition of the term fiduciary; Conflict of interest rule-retirement investment advice (80 Fed. Reg. 21,928, April 20, 2015) Various issues relating to the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203), including sections 953 and 1502; ratification of the Convention on the Assignment of Receivables in International Trade; Basel III capital standards, bank capital, and liquidity reform; Trust Indenture Act (P.L. 76-253); political spending disclosures; systemic risk regulation and capital standards for non-bank financial companies; Consumer Financial Protection Bureau arbitration rule; Consumer Financial Protection Bureau payday and small dollar lending rule; Consumer Financial Protection Bureau online lending proposal; Consumer Financial Protection Bureau auto financing standard; Consumer Financial Protection Bureau no action letters; Federal Reserve reform; universal ballot; proxy voting system

Client expense: $22,770,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Bureau of Industry and Security (BIS), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Council on Environmental Quality (CEQ), Defense, Dept of (DOD), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Bureau of Investigation (FBI), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Institute of Standards & Technology (NIST), Natl Labor Relations Board (NLRB), Natl Security Council (NSC), Natl Telecommunications & Information Administration (NTIA), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Transportation Security Administration (TSA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. Fish & Wildlife Service (USFWS), U.S. Geological Survey (USGS), U.S. Trade Representative (USTR), White House Office

Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III H.R. 1090/ S. 2497, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties Financial Services and General Government Appropriations Act, 2016. Making appropriations for financial services and general government for the fiscal year ending September 30, 2016, and for other purposes. Issue: Global insurance standards H.R. 1478/S. 798 - Policyholder Protection Act of 2015. To amend the Federal Deposit Insurance Act to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength pursuant to such Act. Issue: Source of strength H.R. 601 - Eliminate Privacy Notice Confusion Act. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. Issue: privacy S. 423 - Privacy Notice Modernization Act of 2015. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations. Issue: privacy H.R. 2141 - International Insurance Standards Transparency and Policyholder Protection Act of 2015. This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. Issue: global insurance standards. S. 1484 - Financial Regulatory Improvement Act of 2015. This legislation will improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions. Issue: financial regulatory reform. S. 1086 - International Insurance Capital Standards Accountability Act of 2015. This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). Issue: financial regulatory reform. H.R. 1550 - Financial Stability Oversight Council Improvement Act of 2015. Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Issue: FSOC S. 1137 - PATENT Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. H.R. 9 - Innovation Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. H.R. 2029 - Consolidated Appropriations Act. Issue: privacy, cybersecurity source of strength, financial regulatory reform, Department of Labors proposed fiduciary rule. H.R. 4248 - FSOC Designation Review Act. Issue: SIFI de-risking. H.R. 3340 - FSOC Reform Act. Issue: SIFI de-risking. H.R. 4538/S. 2216 - Senior$afe Act of 2016. Issue: safe harbor for reporting of suspected senior financial abuse Draft House international Insurance Standards legislation. Issue: International insurance standards. Issue: Federal Housing Finance Agency proposed rule on federal home loan bank membership. No bill number assigned. Issue: Covered agreements on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III H.R. 1090/ S. 2497, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties Financial Services and General Government Appropriations Act, 2016. Making appropriations for financial services and general government for the fiscal year ending September 30, 2016, and for other purposes. Issue: Global insurance standards H.R. 1478/S. 798 - Policyholder Protection Act of 2015. To amend the Federal Deposit Insurance Act to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength pursuant to such Act. Issue: Source of strength H.R. 601 - Eliminate Privacy Notice Confusion Act. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. Issue: privacy S. 423 - Privacy Notice Modernization Act of 2015. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations. Issue: privacy H.R. 2141 - International Insurance Standards Transparency and Policyholder Protection Act of 2015. This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. Issue: global insurance standards. S. 1484 - Financial Regulatory Improvement Act of 2015. This legislation will improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions. Issue: financial regulatory reform. S. 1086 - International Insurance Capital Standards Accountability Act of 2015. This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). Issue: financial regulatory reform. H.R. 1550 - Financial Stability Oversight Council Improvement Act of 2015. Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Issue: FSOC S. 1137 - PATENT Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. H.R. 9 - Innovation Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. H.R. 2029 - Consolidated Appropriations Act. Issue: privacy, cybersecurity source of strength, financial regulatory reform, Department of Labors proposed fiduciary rule. H.R. 4248 - FSOC Designation Review Act. Issue: SIFI de-risking. H.R. 3340 - FSOC Reform Act. Issue: SIFI de-risking. H.R. 4538/S. 2216 - Senior$afe Act of 2016. Issue: safe harbor for reporting of suspected senior financial abuse Discussion draft: Financial CHOICE Act. Issue: Implementation and regulatory reform of the financial services industry. Draft House international Insurance Standards legislation. Issue: International insurance standards. Issue: Federal Housing Finance Agency proposed rule on federal home loan bank membership. No bill number assigned. Issue: Covered agreements on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned.

Client expense: $460,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 601, S 423 Eliminate Privacy Notice Confusion Act; We support these bills to eliminate costly, unnecessary and confusing annual privacy notices when no changes in privacy policy have been made. Also monitoring S 1484 The Financial Regulatory Improvement Act of 2015, particularly those provisions that relate to insurance company regulation; and HR 1550 Financial Stability Oversight Council Improvement Act of 2015, particularly those aspects that promote greater transparency in the work of the Financial Stability Oversight Council; HR 3340 Financial Stability Oversight Council Reform Act, monitoring the process for creating domestic capital standards; and HR 3557 FSOC Transparency and Accountability Act, tracking the involvement of the Federal Reserve and other federal entities in the regulation of the insurance industry; and HR 3189 The Fed Oversight and Reform Modernization Act, particular those sections aimed to increase transparency of Fed activities

Client expense: $100,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

FIN - Second Quarter Report - 2016 Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. H.R. 9 - Innovation Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform H.R. 601 - Eliminate Privacy Notice Confusion Act. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. Issue: privacy H.R. 1090/S. 2497, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties H.R. 1478/S. 798 - Policyholder Protection Act of 2015. To amend the Federal Deposit Insurance Act to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength pursuant to such Act. Issue: Source of strength H.R. 1550 - Financial Stability Oversight Council Improvement Act of 2015. Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Issue: FSOC H.R. 2029 - Consolidated Appropriations Act. Issue: privacy, cybersecurity, source of strength, financial regulatory reform, Department of Labor proposed fiduciary rule. H.R. 2141 - International Insurance Standards Transparency and Policyholder Protection Act of 2015. This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. Issue: global insurance standards. H.R. 3340 - FSOC Reform Act. Issue: SIFI de-risking. H.R. 4248 - FSOC Designation Review Act. Issue: SIFI de-risking. H.R. 4538/S. 2216 - Senior$afe Act of 2016. Issue: protecting seniors financial security H.R. 5143 - Transparent Insurance Standards Act. Issue: international insurance standards H.R. 5484/S. 3067 - Financial Services and General Government Appropriations Act, 2017. Making appropriations for financial services and general government for the fiscal year ending September 30, 2017, and for other purposes. Issue: Global insurance standards; SIFI de-risking. S. 423 - Privacy Notice Modernization Act of 2015. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations. Issue: privacy S. 1086 - International Insurance Capital Standards Accountability Act of 2015. This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). Issue: financial regulatory reform. S. 1137 - PATENT Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform S. 1484 - Financial Regulatory Improvement Act of 2015. This legislation will improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions. Issue: financial regulatory reform. S. 1491/H.R. 2642 - Community Lender Regulatory Relief and Consumer Protection Act of 2015. This legislation will provide sensible relief to community financial institutions and to protect consumers. Issue: financial regulatory reform Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III Amendment to the Transportation, Housing & Urban Development Appropriations act, to prohibit federal guarantees for mortgages seized through eminent domain. Issue: Mortgage Investments. Draft House International Insurance Standards legislation. Issue: international insurance standards. Discussion draft: Financial CHOICE Act. Issue: Implementation and regulatory reform of the financial services industry. Issue: Federal Housing Finance Agency proposed rule on federal home loan bank membership. No bill number assigned. Issue: Covered agreements on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned. Issue: Unclaimed life insurance products. No bill number assigned. Tracking: Issue: Patent reform legislation. No bill number assigned. Issue: Trust Indenture Act. No bill number assigned.

Client expense: $1,260,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 1261, Bureau of Consumer Financial Protection Accountability Act of 2015 Commodity End User Relief Act HR 3340 HR 2289, The Commodity End User Relief Act S. 2790, the Financial Institution Customer Protection Act of 2016 S. 2663, the so-called Reforming CFPB Indirect Auto Financing Guidance Act. Investment Advisors Modernization Act of 2016 the SEC Regulatory Accountability Act. HR 5112, Unfair or Deceptive Acts or Practices Uniformity Act HR 4139, the Fostering Innovation Act H.R. 4850, the Micro Offering Improvement Act H.R. 4852, the Private Placement Improvement Act H.R. 4854, the Supporting Americas Innovators Act H.R. 4855, the Fix Crowdfunding Act H.R. 5311, the Corporate Governance Reform and Transparency Act H.R. 5421, the National Securities Exchange Regulatory Parity Act H.R. 5424, the Investment Advisers Modernization Act H.R. 5429, the SEC Regulatory Accountability Act HJ Res 88 HR 5485, The Financial Services and General Government Appropriations Act of 2017 The Financial CHOICE Act H.R. 5211 - CFPB Dual Mandate and Economic Analysis Act HR 2889 Carried Interest Fairness Act HR 2103 -Stop Subsidizing Multimillion Dollar Corporate Bonuses Act HR 4018 - Consumer Protection and Choice Act HR 4737 - State and Tribal Government Sovereignty Protection Act of 2016 S. 1686 Carried Interest Fairness Act Non-profit depository institutions Financial Transaction Tax CEO Bonus Loophole Bank worker issues Wage garnishment Postal Banking The Poverty, Opportunity, and Upward Mobility plan Financial Policy Riders Payday Lending Reform CFPB Arbitration Rule/Forced Arbitration Private Equity tax loophole CFPB Defense DoL Fiduciary Rule Title II of the Dodd-Frank Act

Client expense: $310,376 · Firm income: Not reported

Government targets: Bureau of the Census, Consumer Financial Protection Bureau (CFPB), Education, Dept of, Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Housing Finance Agency (FHFA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), SENATE, Transportation, Dept of (DOT), Treasury, Dept of

Issues related to: Anti-Money Laundering (AML); S. 3067 and H.R. 5485 - FY17 Financial Services and General Government appropriations; Credit Card/Interchange Fees; Retirement Security, Department of Labor definition of fiduciary duty (H.J.Res.88; S.J.Res.33); Data Breach; Automobile Financing; Arbitration; Structure and Activities of the Office of Financial Research; S. 510 Bureau of Consumer Financial Protection-Inspector General Reform Act; S. 774 Financial Institutions Examination Fairness and Reform Act; H.R. 185 Regulatory Accountability Act; H.R. 601 Eliminate Privacy Notice Confusion Act; H.R.1233 Community Lending Enhancement and Regulatory Relief Act of 2015; H.R.37 Promoting Job Creation and Reducing Small Business Burdens Act; S.1484 Financial Regulatory Improvement Act of 2015; S. 961 The Data Security Act; H.R 2205 The Data Security Act; H.R.1550 Financial Stability Oversight Council Improvement Act of 2015; H.R 1266 Financial Product Safety Commission Act; Federal Reserve Dividend Revenue; H.R. 1090 Retail Investor Protection Act; S. 1484 Financial Regulatory Improvement Act; H.R. 3738, Office of Financial Research Accountability Act of 2015; H.R.4293, Affordable Retirement Advice Protection Act; H.R.4294, Strengthening Access to Valuable Education and Retirement Support Act (SAVERS Act) of 2015; S.2502, Affordable Retirement Advice Protection Act; S.2505, SAVERS Act of 2016; S.2497, Retail Investor Protection Act of 2016; Implications of the Federal Reserve dividend reduction section contained in PL 114-94, the Drive Act; Senior $afe Act (H.R.4538; S.2216); Financial Stability Oversight Council Reform Act (H.R.3340); issues related to cybersecurity and financial services; H.R. 1309 - Systemic Risk Designation Improvement Act of 2015.

Client expense: $1,100,000 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Issues related to: Flood Insurance; Retirement Security/Annuities, Department of Labor definition of fiduciary duty; H.R.1550, To amend the Financial Stability Act of 2010 to improve the transparency of the Financial Stability Oversight Council, to improve the Systemically Important Financial Institution (SIFI) designation process, and for other purposes; H.R.1309, Systemic Risk Designation Improvement Act of 2015; S.1484 Financial Regulatory Improvement Act of 2015; H.R.141 Flood Insurance Premium Parity Act of 2015; H.R.1478 The Policy Holder Protection Act; S.1679 Flood Insurance Market Parity and Modernization Act; H.R 2901, Flood Insurance Market Parity and Modernization Act; H.R 1550 Financial Stability Oversight Council Improvement Act of 2015; H.R. 2141 International Insurance Standards Transparency and Policyholder Protection Act of 2015; S.1086 International Insurance Capital Standards Accountability Act; H.R.1090 Retail Investor Protection Act; H.R. 2029, Consolidated Appropriations Act of 2016; and H.R. 3738, Office of Financial Research Accountability Act of 2015. H.R.4293, Affordable Retirement Advice Protection Act; H.R.4294, Strengthening Access to Valuable Education and Retirement Support Act (SAVERS Act) of 2015; S.2502, Affordable Retirement Advice Protection Act; S.2505, SAVERS Act of 2016; S.2497, Retail Investor Protection Act of 2016; Financial Stability Oversight Council Reform Act (H.R.3340).

Client expense: $1,100,000 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Transparent Insurance Standards Act of 2016, H.R. 5143, all provisions Monitor implementation of (Pub. L. 114-1), the Terrorism Risk Insurance Program Reauthorization Act of 2015, all provisions Monitor implementation of Pub. L. 114-113, Consolidated Appropriations Act, 2016 (contains the Policyholder Protection Act), all provisions Terrorism Risk Insurance Program Reauthorization Act of 2015, H.R. 26, all provisions The Federal Insurance Offices activities at the International Association of Insurance Supervisors, all provisions Monitor implementation of P.L. 113-279, The Insurance Capital Standard Clarification of 2014, all provisions International Insurance Capital Standards Accountability Act - S. 1086, all provisions International Insurance Standards Transparency and Policyholder Protection Act - H.R. 2141, all provisions Financial Regulatory Improvement Act - S. 1484, all provisions Retail Investor Protection Act, H.R. 1090, all provisions Federal Reserve Accountability and Transparency Act of 2014, H.R. 5018, all provisions Office of Financial Research Accountability Act of 2015, H.R. 3738, all provisions Nonprofit Property Protection Act, H.R. 3794, all provisions FILES Act of 2015, H.R. 3890, all provisions FSOC Designation Review Act, H.R. 4248, all provisions Financial Stability Oversight Council Improvement Act of 2015, H.R. 1550, all provisions American Business Competitiveness Act of 2015, H.R. 4377, all provisions Bureau of Consumer Financial Protection Accountability Act of 2015, H.R. 1261, all provisions Consumer Right to Financial Privacy Act of 2015, H.R. 1262, all provisions Bureau of Consumer Financial Protection Advisory Board Enhancement Act, S. 1963, all provisions Consumer Financial Protection Safety and Soundness Improvement Act of 2015, H.R. 1263, all provisions Bureau of Consumer Financial Protection Advisory Boards Act, H.R. 1195, all provisions Financial Regulatory Improvement Act of 2015, S. 1484, all provisions Financial Stability Oversight Council Reform Act, H.R. 3340, all provisions Financial Product Safety Commission Act of 2015, H.R. 1266, all provisions FSOC Transparency and Accountability Act, H.R. 3557, all provisions Office of Financial Research Accountability Act of 2015, H.R. 3738, all provisions To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes, H.R. 3857, all provisions AFFIRM Act, H.R. 3973, all provisions AFFIRM Act, S. 2244, all provisions

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

Government targets: Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)

Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III H.R. 1090/S. 2497, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties Amendment to the Transportation, Housing & Urban Development Appropriations act, to prohibit federal guarantees for mortgages seized through eminent domain. Issue: Mortgage Investments. H.R. 5484/S. 3067 - Financial Services and General Government Appropriations Act, 2017. Making appropriations for financial services and general government for the fiscal year ending September 30, 2017, and for other purposes. Issue: Global insurance standards; SIFI de-risking. H.R. 1478/S. 798 - Policyholder Protection Act of 2015. To amend the Federal Deposit Insurance Act to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength pursuant to such Act. Issue: Source of strength H.R. 601 - Eliminate Privacy Notice Confusion Act. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. Issue: privacy S. 423 - Privacy Notice Modernization Act of 2015. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations. Issue: privacy H.R. 2141 - International Insurance Standards Transparency and Policyholder Protection Act of 2015. This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. Issue: global insurance standards. S. 1484 - Financial Regulatory Improvement Act of 2015. This legislation will improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions. Issue: financial regulatory reform. S. 1086 - International Insurance Capital Standards Accountability Act of 2015. This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). Issue: financial regulatory reform. H.R. 1550 - Financial Stability Oversight Council Improvement Act of 2015. Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Issue: FSOC S. 1491/H.R. 2642 - Community Lender Regulatory Relief and Consumer Protection Act of 2015. This legislation will provide sensible relief to community financial institutions and to protect consumers. Issue: financial regulatory reform S. 1137 - PATENT Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform H.R. 9 - Innovation Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform H.R. 2029 - Consolidated Appropriations Act. Issue: privacy, cybersecurity, source of strength, financial regulatory reform, Department of Labor proposed fiduciary rule. H.R. 4248 - FSOC Designation Review Act. Issue: SIFI de-risking. H.R. 3340 - FSOC Reform Act. Issue: SIFI de-risking. H.R. 4538/S. 2216 - Senior$afe Act of 2016. Issue: protecting seniors financial security H.R. 5143 - Transparent Insurance Standards Act. Issue: international insurance standards Draft House International Insurance Standards legislation. Issue: international insurance standards. Discussion draft: Financial CHOICE Act. Issue: Implementation and regulatory reform of the financial services industry. Issue: Federal Housing Finance Agency proposed rule on federal home loan bank membership. No bill number assigned. Issue: Covered agreements on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned. Issue: Unclaimed life insurance products. No bill number assigned. Tracking: Issue: Holocaust era insurance policy claims. No bill number assigned. Issue: Patent reform legislation. No bill number assigned. Issue: Trust Indenture Act. No bill number assigned.

Client expense: $1,188,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 22 (Developing a Reliable and Innovative Vision for the Economy Act); H.R. 37 (Promoting Job Creation and Reducing Small Business Burdens Act); H.R. 50 (Unfunded Mandates Information and Transparency Act of 2015); H.R. 414 (Burdensome Data Collection Relief Act); H.R. 432 (SBIC Advisers Relief Act of 2015); H.R. 644 (Trade Facilitation and Trade Enforcement Act of 2015); H.R. 686 (Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015); H.R. 897 (Reducing Regulatory Burdens Act of 2015); H.R. 989 (Capital Access for Small Businesses and Jobs Act); H.R. 1090 (Retail Investor Protection Act); H.R. 1098 (Investor Choice Act of 2015); H.R. 1163 (Futures Investor Protection Act); H.R. 1295 (Trade Preferences Extension Act of 2015); H.R. 1314 (Trade Act of 2015); H.R. 1334 (Holding Company Registration Threshold Equalization Act of 2015); H.R. 1525 (Disclosure Modernization and Simplification Act of 2015); H.R. 1550 (Financial Stability Oversight Council Improvement Act of 2015); H.R. 1659 (Improving Access to Capital for Emerging Growth Companies Act); H.R. 1675 (Encouraging Employee Ownership Act of 2015); H.R. 1723 (Small Company Simple Registration Act of 2015); H.R. 1890 (Bipartisan Congressional Trade Priorities and Accountability Act of 2015); H.R. 1982 (Restoring Main Street Investor Protection and Confidence Act); H.R. 2356 (Fair Access to Investment Research Act of 2015); H.R. 3738 (Office of Financial Research Accountability Act of 2015); H.R. 3340 (Financial Stability Oversight Council Reform Act); H.R. 4538 (Senior$afe Act of 2016); S. 67 (Restoring Main Street Investor Protection and Confidence Act); S. 115 (Fair Tax Act of 2015); S. 153 (I-Squared Act of 2015); S. 161 (Paying a Fair Share Act of 2015); S. 305 (American Job Protection Act); S. 576 (Encouraging Employee Ownership Act); S. 995 (Bipartisan Congressional Trade Priorities and Accountability Act of 2015); S. 1484 (Financial Regulatory Improvement Act of 2015); S. 2216 (Senior$afe Act of 2015); S. 2497 (Retail Investor Protection Act of 2016); Swap dealer and major swap participant recordkeeping and reporting, duties, and conflicts of interest policies and procedures; Swap execution facilities; Swap dealer, major swap participant, and futures commission merchant chief compliance officer; Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation (including Section 913; Section 914; Systemic risk regulation and liquidation authority; Section 342 (Office of Minority and Women Inclusion); Section 621; Section 941; Title I and Title II); Systemic Risk Regulation and liquidation authority; Market Structure Issues (dark pools, flash quotes, high frequency trading); China - strategic and economic dialogue; Bilateral Investment Treaties, India, China; Transpacific Partnership; India Market Access Issues; European Union proposal regarding Credit Default Swaps and Credit Rating Agencies and their impact on US Markets; Basel Capital Rules; Basel Securitization Framework; TransAtlantic Trade and Investment Partnership (TTIP); India Financial Sector Reform; Accounting standards for municipalities; Securities Investor Protection Corporation (SIPC) reform and funding fees; Bankruptcy reform for municipalities; Support of financial literacy; Privacy and cybersecurity issues (general); Municipal advisor regulation; CFTC cross-border guidance exemptive order; Financial Stability Oversight Council (FSOC); FSOC consideration of systemically important financial institutions (SIFIs); FSOC Transparency Policy; CFTC exemptive order on extraterritorial scope of Title VII; Legal entity identifier (LEI); Jumpstart our Business Startups (JOBS) Act implementation; Basel Committee on Banking Supervision (BCBS) and International Organization of Securities Commissions (IOSCO) consultation paper on margin requirements for uncleared derivatives; Commodity Pools and Securitization; Securities and Exchange Commission Rules 15Ba1-1 through 15Ba1-8; CFTC recordkeeping requirements (CEA Section 23.201); Leverage capital requirements; Release No. 34-71958, Security-Based Swap Dealers Recordkeeping; Recordkeeping Requirements; Rules 17a-3, 17a-4 (Securities and Exchange Commission, Commodity Futures Trading Commission, Financial Industry Regulatory Authority); Regulation AB II (asset backed securities - Securities and Exchange Commission, Consumer Financial Protection Bureau); CFTC proposed rule on margin requirements for uncleared swaps; Prudential Regulator's proposed rule on margin requirements for uncleared swaps; Futures Commission Merchant and Introducing Broker Conflicts of Interest Policies and Procedures; Inter-affiliate swap transactions; Securities and Exchange Commission proposed rule on margin requirements for uncleared swaps; U.S./EU cross-border regulatory issues; Trade policy issues (general); Market data (Exchange Act Section 19 and related rules); China "Secure and Controllable" information and communication technologies (ICT) regulations. Mutual Fund 12b-1 Fees; Senior investors/diminished capacity investors; Broker-dealers/investment advisers mitigation of accounts; Basel III Liquidity Coverage Ratio rules; Public Company Accounting Oversight Board small broker/dealer exemption; U.S./EU financial markets regulatory dialogue; Trade and international issues (general); Diversity (general); National Market System (NMS) discussion draft; Data localization requirements in the Trans-Pacific Partnership.

Client expense: $1,660,000 · 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), Internal Revenue Service (IRS), 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), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)

H.R. 601- Consumer Financial Products H.R. 888- Dodd-Frank amendment H.R. 1233- Regulatory Relief H.R. 1262- Consumer Financial Products H.R. 1264- Consumer Financial Products H.R. 1266- Financial Product Safety Commission H.R. 1550- Financial Stability Oversight Council (FSOC) H.R. 1965- Securities and Exchange Commission (SEC) H.R. 2029- Appropriations H.R. 2099- Consumer Financial Products H.R. 3340- FSOC H.R. 3189- Federal Reserve H.R. 3557- FSOC H.R. 3738- Data Security H.R. 3857- FSOC S. 2038- Finance Reform

Client expense: $960,000 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Geospatial Intelligence Agency, Natl Highway Traffic Safety Administration (NHTSA), Natl Oceanic & Atmospheric Administration (NOAA), Natl Transportation Safety Board (NTSB), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III H.R. 1090/ S. 2497, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties Financial Services and General Government Appropriations Act, 2016. Making appropriations for financial services and general government for the fiscal year ending September 30, 2016, and for other purposes. Issue: Global insurance standards H.R. 1478/S. 798 - Policyholder Protection Act of 2015. To amend the Federal Deposit Insurance Act to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength pursuant to such Act. Issue: Source of strength H.R. 601 - Eliminate Privacy Notice Confusion Act. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. Issue: privacy S. 423 - Privacy Notice Modernization Act of 2015. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations. Issue: privacy H.R. 2141 - International Insurance Standards Transparency and Policyholder Protection Act of 2015. This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. Issue: global insurance standards. S. 1484 - Financial Regulatory Improvement Act of 2015. This legislation will improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions. Issue: financial regulatory reform. S. 1086 - International Insurance Capital Standards Accountability Act of 2015. This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). Issue: financial regulatory reform. H.R. 1550 - Financial Stability Oversight Council Improvement Act of 2015. Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Issue: FSOC S. 1137 - PATENT Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. H.R. 9 - Innovation Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. H.R. 2029 - Consolidated Appropriations Act. Issue: privacy, cybersecurity source of strength, financial regulatory reform, Department of Labors proposed fiduciary rule. H.R. 4248 - FSOC Designation Review Act. Issue: SIFI de-risking. H.R. 3340 - FSOC Reform Act. Issue: SIFI de-risking. H.R. 4538/S. 2216 - Senior$afe Act of 2016. Issue: safe harbor for reporting of suspected senior financial abuse Draft House international Insurance Standards legislation. Issue: International insurance standards. Issue: Federal Housing Finance Agency proposed rule on federal home loan bank membership. No bill number assigned. Issue: Covered agreements on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned.

Client expense: $950,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 37, Promoting Job Creation and Reducing Small Business Burdens Act H.R. 414, Burdensome Data Collection Relief Act H.R. 432/S. 1978, SBIC Advisers Relief Act of 2015 H.R. 601, Eliminate Privacy Notice Confusion Act H.R. 686/S. 1010, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 H.R. 766, Financial Institution Customer Protection Act of 2015 H.R. 957/S. 510, Bureau of Consumer Financial Protection-Inspector General Reform (CFPB-IG) Act of 2015 H.R. 1023/S. 552, Small Business Investment Company Capital Act of 2015 H.R. 1090, Retail Investor Protection Act H.R. 1195, Bureau of Consumer Financial Protection Advisory Boards Act H.R. 1210, Portfolio Lending and Mortgage Access Act H.R. 1259, Helping Expand Lending Practices in Rural Communities Act H.R. 1265, Bureau Advisory Commission Transparency Act H.R. 1266, Financial Product Safety Commission Act of 2015 H.R. 1309, Systemic Risk Designation Improvement Act of 2015 H.R. 1317, To amend the Commodity Exchange Act and the Securities Exchange Act of 1934 to specify how clearing requirements apply to certain affiliate transactions, and for other purposes H.R. 1334, Holding Company Registration Threshold Equalization Act of 2015 H.R. 1525, Disclosure Modernization and Simplification Act of 2015 H.R. 1550, Financial Stability Oversight Council Improvement Act of 2015 H.R. 1553, Small Bank Exam Cycle Reform Act of 2015 H.R. 1659, Improving Access to Capital for Emerging Growth Companies Act H.R. 1675, Capital Markets Improvement Act of 2016 H.R. 1723, Small Company Simple Registration Act of 2015 H.R. 1737, Reforming CFPB Indirect Auto Financing Guidance Act H.R. 1839, Reforming Access for Investments in Startup Enterprises (RAISE) Act of 2015 H.R. 1847, Swap Data Repository and Clearinghouse Indemnification Correction Act of 2015 H.R. 1941, Financial Institutions Examination Fairness and Reform Act H.R. 1965, Small Company Disclosure Simplification Act H.R. 1975, Securities and Exchange Commission Overpayment Credit Act H.R. 2064, Improving Access to Capital for Emerging Growth Companies Act H.R. 2187, Fair Investment Opportunities for Professional Experts Act H.R. 2287 /S. 924, National Credit Union Administration Budget Transparency Act H.R. 2289, Commodity End User Relief Act H.R. 2354, Streamlining Excessive and Costly Regulations Review Act H.R. 2356, Fair Access to Investment Research Act of 2015 H.R. 2357, Accelerating Access to Capital Act of 2015 H.R. 2477, Financial Transparency Act of 2015 H.R. 2648/S. 1109, Truth in Settlements Act of 2015 H.R. 2769, Risk-Based Capital Study Act of 2015 H.R. 2789, Capital Access for Small Business Banks Act H.R. 3192, Homebuyers Assistance Act H.R. 3340, Financial Stability Oversight Council Reform Act H.R. 3557, FSOC Transparency and Accountability Act H.R. 3738, Office of Financial Research Accountability Act of 2015 H.R. 3784, SEC Small Business Advocate Act of 2015 H.R. 3791, To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes H.R. 3798, Due Process Restoration Act of 2015 H.R. 3857, To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes H.R. 3868, Small Business Credit Availability Act H.R. 4096, Investor Clarity and Bank Parity Act H.R. 4139, Fostering Innovation Act of 2015 H.R. 4166, Expanding Proven Financing for American Employers Act H.R. 4168, Small Business Capital Formation Enhancement Act H.R. 4293, Affordable Retirement Advice Protection Act H.R. 4294, Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act of 2015 H.R. 4450/S. 2489, Incorporation Transparency and Law Enforcement Assistance Act H.R. 4498, Helping Angels Lead Our Startups (HALOS) Act H.R. 4620, Preserving Access to CRE Capital Act of 2016 H.R. 4718, Gender Diversity in Corporate Leadership Act of 2016 S. 576, Encouraging Employee Ownership Act S. 876, A bill to amend the Commodity Exchange Act to specify how clearing requirements apply to certain affiliate transactions S. 1484, Financial Regulatory Improvement Act of 2015 S. 1963, Bureau of Consumer Financial Protection Advisory Board Enhancement Act S. 2232, Federal Reserve Transparency Act of 2015 Draft legislation on conflict minerals disclosures Various issues relating to the implementation of the Dodd- Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203); Basel III capital standards; Trust Indenture Act (P.L. 76-253); oversight of proxy advisory firms; political spending disclosures; Department of Labor definition of fiduciary duty rules; conflict of interest rule, retirement investment advice; international capital standards for non-banks and insurance companies; systemic risk regulations for non-bank financial companies; Consumer Financial Protection Bureau arbitration study; Consumer Financial Protection Bureau online lending proposal; Consumer Financial Protection Bureau auto financing standard; Consumer Financial Protection Bureau no action letters; Federal Reserve reform; universal ballot; proxy voting system; impact of international regulatory standards on the competitiveness of U.S. insurers; case law arising under Section 316 of the Trust Indenture Act of 1939 (P.L. 76-253)

Client expense: $15,750,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Bureau of Industry and Security (BIS), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Council on Environmental Quality (CEQ), Defense, Dept of (DOD), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Bureau of Investigation (FBI), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Institute of Standards & Technology (NIST), Natl Labor Relations Board (NLRB), Natl Security Council (NSC), Natl Telecommunications & Information Administration (NTIA), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Transportation Security Administration (TSA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. Fish & Wildlife Service (USFWS), U.S. Geological Survey (USGS), U.S. Trade Representative (USTR), White House Office

FIN - First Quarter Report - 2016 S. 423 - Privacy Notice Modernization Act of 2015. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations. Issue: privacy S. 1086 - International Insurance Capital Standards Accountability Act of 2015. This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). Issue: financial regulatory reform. S. 1137 - PATENT Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform S. 1484 - Financial Regulatory Improvement Act of 2015. This legislation will improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions. Issue: financial regulatory reform. S. 1491/H.R. 2642 - Community Lender Regulatory Relief and Consumer Protection Act of 2015. This legislation will provide sensible relief to community financial institutions and to protect consumers. Issue: financial regulatory reform Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III H.R. 9 - Innovation Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform H.R. 601 - Eliminate Privacy Notice Confusion Act. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. Issue: privacy H.R. 1090/S. 2497, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties H.R. 1478/S. 798 - Policyholder Protection Act of 2015. To amend the Federal Deposit Insurance Act to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength pursuant to such Act. Issue: Source of strength H.R. 1550 - Financial Stability Oversight Council Improvement Act of 2015. Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Issue: FSOC H.R. 2029 - Consolidated Appropriations Act. Issue: privacy, cybersecurity, source of strength, financial regulatory reform, Department of Labor proposed fiduciary rule. H.R. 2141 - International Insurance Standards Transparency and Policyholder Protection Act of 2015. This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. Issue: global insurance standards. H.R. 3340 - FSOC Reform Act. Issue: SIFI de-risking. H.R. 4248 - FSOC Designation Review Act. Issue: SIFI de-risking. H.R. 4538/S. 2216 - Senior$afe Act of 2016. Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. Amendment to the Transportation, Housing & Urban Development Appropriations act, to prohibit federal guarantees for mortgages seized through eminent domain. Issue: Mortgage Investments. Financial Services and General Government Appropriations Act, 2017. Making appropriations for financial services and general government for the fiscal year ending September 30, 2017, and for other purposes. Issue: Global insurance standards; SIFI de-risking. Draft House International Insurance Standards legislation. Issue: international insurance standards. Issue: Covered agreements on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned. Tracking: Issue: Patent reform legislation. No bill number assigned. Issue: Trust Indenture Act. No bill number assigned.

Client expense: $1,410,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 601, S 423 Eliminate Privacy Notice Confusion Act; We support these bills to eliminate costly, unnecessary and confusing annual privacy notices when no changes in privacy policy have been made. Also monitoring S 1484 The Financial Regulatory Improvement Act of 2015, particularly those provisions that relate to insurance company regulation; and HR 1550 Financial Stability Oversight Council Improvement Act of 2015, particularly those aspects that promote greater transparency in the work of the Financial Stability Oversight Council; HR 3340 Financial Stability Oversight Council Reform Act, monitoring the process for creating domestic capital standards; and HR 3557 FSOC Transparency and Accountability Act, tracking the involvement of the Federal Reserve and other federal entities in the regulation of the insurance industry; and HR 3189 The Fed Oversight and Reform Modernization Act, particular those sections aimed to increase transparency of Fed activities

Client expense: $140,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Monitor implementation of (Pub. L. 114-1), the Terrorism Risk Insurance Program Reauthorization Act of 2015, all provisions Monitor implementation of Pub. L. 114-113, Consolidated Appropriations Act, 2016 (contains the Policyholder Protection Act), all provisions Terrorism Risk Insurance Program Reauthorization Act of 2015, H.R. 26, all provisions The Federal Insurance Offices activities at the International Association of Insurance Supervisors, all provisions Monitor implementation of P.L. 113-279, The Insurance Capital Standard Clarification of 2014, all provisions International Insurance Capital Standards Accountability Act - S. 1086, all provisions International Insurance Standards Transparency and Policyholder Protection Act - H.R. 2141, all provisions Financial Regulatory Improvement Act - S. 1484, all provisions Retail Investor Protection Act, H.R. 1090, all provisions Federal Reserve Accountability and Transparency Act of 2014, H.R. 5018, all provisions Office of Financial Research Accountability Act of 2015, H.R. 3738, all provisions Nonprofit Property Protection Act, H.R. 3794, all provisions FILES Act of 2015, H.R. 3890, all provisions FSOC Designation Review Act, H.R. 4248, all provisions Financial Stability Oversight Council Improvement Act of 2015, H.R. 1550, all provisions American Business Competitiveness Act of 2015, H.R. 4377, all provisions Bureau of Consumer Financial Protection Accountability Act of 2015, H.R. 1261, all provisions Consumer Right to Financial Privacy Act of 2015, H.R. 1262, all provisions Bureau of Consumer Financial Protection Advisory Board Enhancement Act, S. 1963, all provisions Consumer Financial Protection Safety and Soundness Improvement Act of 2015, H.R. 1263, all provisions Bureau of Consumer Financial Protection Advisory Boards Act, H.R. 1195, all provisions Financial Regulatory Improvement Act of 2015, S. 1484, all provisions Financial Stability Oversight Council Reform Act, H.R. 3340, all provisions Financial Product Safety Commission Act of 2015, H.R. 1266, all provisions FSOC Transparency and Accountability Act, H.R. 3557, all provisions Office of Financial Research Accountability Act of 2015, H.R. 3738, all provisions To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes, H.R. 3857, all provisions AFFIRM Act, H.R. 3973, all provisions AFFIRM Act, S. 2244, all provisions

Client expense: $390,000 · Firm income: Not reported

Government targets: Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)

Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III H.R. 1090/S. 2497, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties Amendment to the Transportation, Housing & Urban Development Appropriations act, to prohibit federal guarantees for mortgages seized through eminent domain. Issue: Mortgage Investments. Financial Services and General Government Appropriations Act, 2017. Making appropriations for financial services and general government for the fiscal year ending September 30, 2017, and for other purposes. Issue: Global insurance standards; SIFI de-risking. H.R. 1478/S. 798 - Policyholder Protection Act of 2015. To amend the Federal Deposit Insurance Act to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength pursuant to such Act. Issue: Source of strength H.R. 601 - Eliminate Privacy Notice Confusion Act. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. Issue: privacy S. 423 - Privacy Notice Modernization Act of 2015. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations. Issue: privacy H.R. 2141 - International Insurance Standards Transparency and Policyholder Protection Act of 2015. This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. Issue: global insurance standards. S. 1484 - Financial Regulatory Improvement Act of 2015. This legislation will improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions. Issue: financial regulatory reform. S. 1086 - International Insurance Capital Standards Accountability Act of 2015. This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). Issue: financial regulatory reform. H.R. 1550 - Financial Stability Oversight Council Improvement Act of 2015. Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Issue: FSOC S. 1491/H.R. 2642 - Community Lender Regulatory Relief and Consumer Protection Act of 2015. This legislation will provide sensible relief to community financial institutions and to protect consumers. Issue: financial regulatory reform S. 1137 - PATENT Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform H.R. 9 - Innovation Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. Issue: patent reform H.R. 2029 - Consolidated Appropriations Act. Issue: privacy, cybersecurity, source of strength, financial regulatory reform, Department of Labor proposed fiduciary rule. H.R. 4248 - FSOC Designation Review Act. Issue: SIFI de-risking. H.R. 3340 - FSOC Reform Act. Issue: SIFI de-risking. H.R. 4538/S. 2216 - Senior$afe Act of 2016. Draft House International Insurance Standards legislation. Issue: international insurance standards. Issue: Federal Housing Finance Agency proposed rule on federal home loan bank membership. No bill number assigned. Issue: Covered agreements on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned. Tracking: Issue: Holocaust era insurance policy claims. No bill number assigned. Issue: Patent reform legislation. No bill number assigned. Issue: Trust Indenture Act. No bill number assigned.

Client expense: $1,129,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 22 (Developing a Reliable and Innovative Vision for the Economy Act); H.R. 37 (Promoting Job Creation and Reducing Small Business Burdens Act); H.R. 50 (Unfunded Mandates Information and Transparency Act of 2015); H.R. 234 (Cyber Intelligence Sharing and Protection Act); H.R. 414 (Burdensome Data Collection Relief Act); H.R. 432 (SBIC Advisers Relief Act of 2015); H.R. 644 (Trade Facilitation and Trade Enforcement Act of 2015); H.R. 686 (Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015); H.R. 897 (Reducing Regulatory Burdens Act of 2015); H.R. 989 (Capital Access for Small Businesses and Jobs Act); H.R. 1090 (Retail Investor Protection Act); H.R. 1098 (Investor Choice Act of 2015); H.R. 1163 (Futures Investor Protection Act); H.R. 1295 (Trade Preferences Extension Act of 2015); H.R. 1314 (Trade Act of 2015); H.R. 1334 (Holding Company Registration Threshold Equalization Act of 2015); H.R. 1525 (Disclosure Modernization and Simplification Act of 2015); H.R. 1550 (Financial Stability Oversight Council Improvement Act of 2015); H.R. 1659 (Improving Access to Capital for Emerging Growth Companies Act); H.R. 1675 (Encouraging Employee Ownership Act of 2015); H.R. 1723 (Small Company Simple Registration Act of 2015); H.R. 1890 (Bipartisan Congressional Trade Priorities and Accountability Act of 2015); H.R. 1982 (Restoring Main Street Investor Protection and Confidence Act); H.R. 2356 (Fair Access to Investment Research Act of 2015); H.R. 2995 (Financial Services and General Government Appropriations Act, 2016); H.R. 3738 (Office of Financial Research Accountability Act of 2015); H.R. 3340 (Financial Stability Oversight Council Reform Act); S. 67 (Restoring Main Street Investor Protection and Confidence Act); S. 115 (Fair Tax Act of 2015); S. 153 (I-Squared Act of 2015); S. 161 (Paying a Fair Share Act of 2015); S. 305 (American Job Protection Act); S. 576 (Encouraging Employee Ownership Act); S. 754 (Cybersecurity Information Sharing Act of 2015); S. 995 (Bipartisan Congressional Trade Priorities and Accountability Act of 2015); S. 1484 (Financial Regulatory Improvement Act of 2015); S. 1910 (Financial Services and General Government Appropriations Act, 2016); Swap dealer and major swap participant recordkeeping and reporting, duties, and conflicts of interest policies and procedures; Swap execution facilities; Swap dealer, major swap participant, and futures commission merchant chief compliance officer; Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation (including Section 913; Section 914; Systemic risk regulation and liquidation authority; Section 342 (Office of Minority and Women Inclusion); Section 621; Section 941; Title I and Title II); Systemic Risk Regulation and liquidation authority; Market Structure Issues (dark pools, flash quotes, high frequency trading); China - strategic and economic dialogue; Bilateral Investment Treaties, India, China; Transpacific Partnership; India Market Access Issues; European Union proposal regarding Credit Default Swaps and Credit Rating Agencies and their impact on US Markets; Basel Capital Rules; Basel Securitization Framework; G-20; TransAtlantic Trade and Investment Partnership (TTIP); India Financial Sector Reform; Accounting standards for municipalities; Securities Investor Protection Corporation (SIPC) reform and funding fees; Bankruptcy reform for municipalities; Support of financial literacy; Privacy and cybersecurity issues (general); Self-Regulatory Organizations (SRO) rulemaking; Municipal advisor regulation; CFTC cross-border guidance exemptive order; Financial Stability Oversight Council (FSOC); FSOC consideration of systemically important financial institutions (SIFIs); FSOC Transparency Policy; CFTC exemptive order on extraterritorial scope of Title VII; Legal entity identifier (LEI); Jumpstart our Business Startups (JOBS) Act implementation; Basel Committee on Banking Supervision (BCBS) and International Organization of Securities Commissions (IOSCO) consultation paper on margin requirements for uncleared derivatives; Commodity Pools and Securitization; Securities and Exchange Commission Rules 15Ba1-1 through 15Ba1-8; CFTC recordkeeping requirements (CEA Section 23.201); Leverage capital requirements; Release No. 34-71958, Security-Based Swap Dealers Recordkeeping; Bankruptcy code reform; Municipalities Continuing Disclosure Cooperation (MCDC) Initiative; Recordkeeping Requirements; Rules 17a-3, 17a-4 (Securities and Exchange Commission, Commodity Futures Trading Commission, Financial Industry Regulatory Authority); Regulation AB II (asset backed securities - Securities and Exchange Commission, Consumer Financial Protection Bureau); CFTC proposed rule on margin requirements for uncleared swaps; Prudential Regulator's proposed rule on margin requirements for uncleared swaps; Futures Commission Merchant and Introducing Broker Conflicts of Interest Policies and Procedures; Inter-affiliate swap transactions; Securities and Exchange Commission proposed rule on margin requirements for uncleared swaps; U.S./EU cross-border regulatory issues; Trade policy issues (general); Market data (Exchange Act Section 19 and related rules); China "Secure and Controllable" information and communication technologies (ICT) regulations. Mutual Fund 12b-1 Fees; Senior investors/diminished capacity investors; Broker-dealers/investment advisers mitigation of accounts; Basel III Liquidity Coverage Ratio rules; Municipal Advisor Regulation; Public Company Accounting Oversight Board small broker/dealer exemption; U.S./EU financial markets regulatory dialogue; Trade and international issues (general); Diversity (general); National Market System (NMS) discussion draft.

Client expense: $2,440,000 · 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), Internal Revenue Service (IRS), 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), State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)

H.R. 601- Consumer Financial Products H.R. 1233- Regulatory Relief H.R. 1262- Consumer Financial Products H.R. 1264- Consumer Financial Products H.R. 1266- Financial Product Safety Commission H.R. 1550- Financial Stability Oversight Council (FSOC) H.R. 1965- Securities and Exchange Commission (SEC) H.R. 2099- Consumer Financial Products H.R. 3340- FSOC H.R. 3189- Federal Reserve H.R. 3557- FSOC H.R. 3738- Data Security H.R. 3857- FSOC S. 2038- Finance Reform

Client expense: $1,030,000 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Highway Administration (FHA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Natl Geospatial Intelligence Agency, Natl Highway Traffic Safety Administration (NHTSA), Natl Oceanic & Atmospheric Administration (NOAA), Natl Transportation Safety Board (NTSB), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

HR 414, the Burdensome Data Collection Relief Act HR 1090 Retail Investor Protection Act, HR 1266 Financial Product Safety Commission Act of 2015. HR 3192, the Homebuyers Assistance Act, HR 2287 (NCUA Budget Transparency Act) HR 2896 (the TAILOR Act) HR 3340 (the Financial Stability Oversight Council Reform Act) HR 1309, the Systemic Risk Designation Improvement Act of 2015. "Golden Parachute Compensation Packages" S. Con. Res. 11 DoL Fiduciary Rule HR 1550 Financial Stability Oversight Council Improvement Act of 2015. HR 3340 Financial Stability Oversight Council Reform Act. HR 3557 FSOC Transparency and Accountability Act. HR 3738 Office of Financial Research Accountability Act of 2015.HR 3868, the Small Business Credit Availability Act HR 2209 HR 3857 Hensarling Amendment to Highway Trust Fund bill HR 1737, the Reforming CFPB Indirect Auto Financing Guidance Act, HR 1210, Portfolio Lending and Mortgage Access Act, HR 3189, The Federal Reserve Reform Act of 2015, HR 2187, the Fair Investment Opportunities for Professional Experts Act HR 3784, the SEC Small Business Advocate Act HR 4018, the Consumer Protection and Choice Act. HR 2029, Consolidated Appropriations Act, 2016 S 1484, Financial Regulatory Improvement Act of 2015

Client expense: $364,725 · Firm income: Not reported

Government targets: Bureau of the Census, Consumer Financial Protection Bureau (CFPB), Education, Dept of, Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Housing Finance Agency (FHFA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Natl Economic Council (NEC), Office of Management & Budget (OMB), SENATE, Transportation, Dept of (DOT), Treasury, Dept of

Supplemental capital issues, regulatory issues for credit unions and tax exemption status: HR185; HR 299; HR 601; HR 685; HR 957; HR 989; HR 1090 HR 1133; HR 1176; HR 1188; HR 1195; HR 1233; HR 1266; HR 1408; HR 1422; HR 1480; HR 1491; HR 1529; HR 1550; HR 1659; HR 1660; HR 1661; HR 1737; HR 1941; HR 2099; HR 2205; HR 2213; HR 2473; HR 2477; HR 2642; HR 2769; HR 3192; HR 3340; HR 3557; HR 3700; HR 3738; HR 3808; HR 3857; HR 4099; HR 4166; HR 4210; S. 423; S. 482; S. 726; S. 774; S. 924; S. 970; S. 1383; S. 1440; S. 1484; S. 1491; S. 2006; S. 2028; S. 2038; S. 2315 data security and cybersecurity; patent reform; FHLB membership rules; CFPB and FSOC reform; and GSE reform.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 22, Fixing Americas Surface Transportation (FAST) Act, including provisions relating to House Amendments 824 and 827 H.R. 37, Promoting Job Creation and Reducing Small Business Burdens Act H.R. 414, Burdensome Data Collection Relief Act H.R. 432, SBIC Advisers Relief Act of 2015 H.R. 601, Eliminate Privacy Notice Confusion Act H.R. 686/S. 1010, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 H.R. 766, Financial Institution Customer Protection Act of 2015 H.R. 957/S. 510, Bureau of Consumer Financial Protection-Inspector General Reform (CFPB-IG) Act of 2015 H.R. 1023/S. 552, Small Business Investment Company Capital Act of 2015 H.R. 1090, Retail Investor Protection Act H.R. 1195, Bureau of Consumer Financial Protection Advisory Boards Act H.R. 1210, Portfolio Lending and Mortgage Access Act H.R. 1259, Helping Expand Lending Practices in Rural Communities Act H.R. 1265, Bureau Advisory Commission Transparency Act H.R. 1266, Financial Product Safety Commission Act of 2015 H.R. 1309, Systemic Risk Designation Improvement Act of 2015 H.R. 1317, To amend the Commodity Exchange Act and the Securities Exchange Act of 1934 to specify how clearing requirements apply to certain affiliate transactions, and for other purposes H.R. 1334, Holding Company Registration Threshold Equalization Act of 2015 H.R. 1525, Disclosure Modernization and Simplification Act of 2015 H.R. 1550, Financial Stability Oversight Council Improvement Act of 2015 H.R. 1553, Small Bank Exam Cycle Reform Act of 2015 H.R. 1659, Improving Access to Capital for Emerging Growth Companies Act H.R. 1675, Encouraging Employee Ownership Act of 2015 H.R. 1723, Small Company Simple Registration Act of 2015 H.R. 1737, Reforming CFPB Indirect Auto Financing Guidance Act H.R. 1839, Reforming Access for Investments in Startup Enterprises (RAISE) Act of 2015 H.R. 1847, Swap Data Repository and Clearinghouse Indemnification Correction Act of 2015 H.R. 1941, Financial Institutions Examination Fairness and Reform Act H.R. 1965, Small Company Disclosure Simplification Act H.R. 1975, Securities and Exchange Commission Overpayment Credit Act H.R. 2064, Improving Access to Capital for Emerging Growth Companies Act H.R. 2187, Fair Investment Opportunities for Professional Experts Act H.R. 2287, National Credit Union Administration Budget Transparency Act H.R. 2289, Commodity End User Relief Act H.R. 2354, Streamlining Excessive and Costly Regulations Review Act H.R. 2356, Fair Access to Investment Research Act of 2015 H.R. 2357, Accelerating Access to Capital Act of 2015 H.R. 2477, Financial Transparency Act of 2015 H.R. 2648/S. 1109, Truth in Settlements Act of 2015 H.R. 2769, Risk-Based Capital Study Act of 2015 H.R. 2789, Capital Access for Small Business Banks Act H.R. 2995, Financial Services and General Government Appropriations Act, 2016, including provisions relating to potential amendment regarding affordable dispute resolution options in the consumer financial services marketplace H.R. 3192, Homebuyers Assistance Act H.R. 3340, Financial Stability Oversight Council Reform Act H.R. 3557, FSOC Transparency and Accountability Act H.R. 3738, Office of Financial Research Accountability Act of 2015 H.R. 3784, SEC Small Business Advocate Act of 2015 H.R. 3791, To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes H.R. 3798, Due Process Restoration Act of 2015 H.R. 3857, To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes H.R. 3868, Small Business Credit Availability Act H.R. 4168, Small Business Capital Formation Enhancement Act S. 423, Privacy Notice Modernization Act of 2015 S. 576, Encouraging Employee Ownership Act S. 1484, Financial Regulatory Improvement Act of 2015 S. 1963, Bureau of Consumer Financial Protection Advisory Board Enhancement Act Draft legislation on conflict minerals disclosures Potential legislation similar to H.R. 2629, Fostering Innovation Act of 2013 Potential legislation similar to S. 2498, Helping Angels Lead Our Startups (HALOS) Act (113th Congress) Various issues relating to the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203); evaluating the security of the U.S. financial sector; Basel III capital standards; Trust Indenture Act (P.L. 76-253); oversight of proxy advisory firms; political spending disclosures; Department of Labor definition of fiduciary duty rules; international capital standards for non-banks and insurance; systemic risk regulations for non-bank financial companies; Consumer Financial Protection Bureau arbitration study; Consumer Financial Protection Bureau online lending proposal; Consumer Financial Protection Bureau auto financing standard; Consumer Financial Protection Bureau no action letters; Department of Treasury online marketplace lending RFI; Federal Reserve reform; beneficial ownerships disclosures; universal ballot; proxy voting system

Client expense: $14,690,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Bureau of Industry and Security (BIS), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Consumer Financial Protection Bureau (CFPB), Consumer Product Safety Commission (CPSC), Council on Environmental Quality (CEQ), Defense, Dept of (DOD), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Bureau of Investigation (FBI), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Institute of Standards & Technology (NIST), Natl Labor Relations Board (NLRB), Natl Security Council (NSC), Natl Telecommunications & Information Administration (NTIA), Nuclear Regulatory Commission (NRC), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Transportation Security Administration (TSA), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. Trade Representative (USTR), White House Office

HR 601, S 423 Eliminate Privacy Notice Confusion Act; We support these bills to eliminate costly, unnecessary and confusing annual privacy notices when no changes in privacy policy have been made. Also monitoring S 1484 The Financial Regulatory Improvement Act of 2015, particularly those provisions that relate to insurance company regulation; and HR 1550 Financial Stability Oversight Council Improvement Act of 2015, particularly those aspects that promote greater transparency in the work of the Financial Stability Oversight Council; HR 3340 Financial Stability Oversight Council Reform Act, monitoring the process for creating domestic capital standards; and HR 3557 FSOC Transparency and Accountability Act, tracking the involvement of the Federal Reserve and other federal entities in the regulation of the insurance industry; and HR 3189 The Fed Oversight and Reform Modernization Act, particular those sections aimed to increase transparency of Fed activities

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE