Expanding Proven Financing for American Employers Act

Implementation of the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010, including Section 941 and Title VII; Congressional oversight thereof; Basel III; Bank capital rules; HR 4166,the Expanding Proven Financing for American Employers Act.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 774, the Financial Institutions Examination Fairness and Reform Act (to improve the examination process). H.R. 1661, the Mutual Bank Capital Opportunity Act H.R. 1309, the Systemic Risk Designation Improvement Act of 2015 H.R. 1941, the Financial Institutions Examination Fairness and Reform Act S. 970, to allow more small insured depository institutions to qualify for the 18-month on-site exam cycle H.R. 1090, the Retail Investor Protection Act H.R. 1839, the RAISE Act of 2015 H.R. 4166, the Expanding Proven Financing for American Employers Act H.R. 6392, Systemic Risk Designation Improvement Act of 2016

Client expense: $2,840,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE

HR 5019, S 3092, Fair Access to Investment Research Act of 2016, issues related to research on exchange-traded funds; HR 4166, Expanding Proven Financing for American Employers Act, issues related to risk retention; HR 1841, Restoring Proven Financing for American Employers Act, issues related to risk retention; HR 4620, Preserving access to CRE Capital Act of 2016, issues related to risk retention; General issues related to MiDF and Dealer research.

Client expense: $980,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 766, Financial Institution Customer Protection Act of 2016 HR 1675, Capital Markets Improvements Act of 2016 HR 1927, Fairness in Class Action Litigation and Furthering Asbestos Claim Transparency Act of 2016 HR 2896, Taking Account of Institutions with Low Operation Risk Act of 2015 HR 4166, Expanding Proven Financing for American Employers Act HR 4498, Helping Angels Lead Our Startups (HALOS) Act HR 4620, Preserving Access to CRE Capital Act of 2016 HR 4638, Main Street Growth Act HR 3798, Due Process Restoration Act of 2015 HR 4894, To Repeal Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act HR 1486, Taking Account of Bureaucrats Spending Act of 2015 H.J. Res. 88, Disapproving the Rules Submitted by the Department of Labor Relating to the Definition of the term Fiduciary HR 2357, Accelerating Access to Capital Acts of 2015 HR 4768, Separation of Powers Restoration Act of 2016 HR 5226, Regulatory Integrity Act of 2016 HR 59833, Financial CHOICE Act HR 5491, Consumer Financial Protection Act of 2010 HR 5413, CFPB Data Accountability Act HR 5063, Stop Settlement Slush Fund Act of 2016 U.S. Territories Investor Protection Act of 2016 HR 2947, Financial Institution Bankruptcy Act Distressed Assets Sales Programs Language access issues Uniform Residential Loan Application Financial Services and General Government Appropriations Retail banking sales quotas National bank chartering Consumer Compliance Ratings Policies related to small-dollar/payday lending Policies related to debt collection practices

Client expense: $391,841 · 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

S. 881; H.R. 2289; S. 1484; H.Res. 288; H.R. 1659; H.R. 2947, S. 1840, S. 1841; H.R. 2209; H.R. 22; H.R. 2029; H.R. 4096; H.R. 4166; H.R. 4638; H.R. 2440; HR 5485; S. 1910; S. 337; S.3118; H.R.5592; H.R. 5983; S. 3404 - Discussed implementation of the Basel capital accord and issues related to capital, liquidity, and leverage. Discussed margin issues; the Commodity End-User Relief Act; CFTC reauthorization; SEC and equity market structure reform; and issues related to central clearing parties. Discussed the Financial Regulatory Improvement Act of 2015 and other proposals related to bank structure, capital requirements, capital formation, market structure, and market liquidity. Discussed issues related to financial institution bankruptcy reform, including issues related to resolution and recovery under the Bankruptcy Code. Discussed access to capital for emerging growth companies. Discussed issues related to the liquidity coverage ratio. Discussed budget and revenue measures involving the financial services sector. Discussed the Financial CHOICE act. Discussed the Financial Services and General Government Appropriations bill. Discussed treatment of supervisory information.

Client expense: $650,000 · Firm income: Not reported

Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the compliance requirements for CLOs (H.R. 4166, Expanding Proven Financing for American Employers Act - supporting a qualified CLO retention regime as an alternative to the final risk-retention rules). 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, Step-In risk, and efforts to create "Simple, Transparent and Comparable" securitizations). 3. Marketplace Lending - General issues concerning securitization regulation as it relates to marketplace lending prior to making new regulatory or legislative decisions for this new form of funding. 4. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS classes, such as auto, credit card, equipment lease and student loans. 5. General Dodd-Frank Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention and the Liquidity Coverage Ratio (LCR); reform proposals as they relate to securitization and capital markets generally; H.R. 5983, The Financial CHOICE Act of 2016, specifically provisions related to risk retention and arbitration clauses in financial contracts. 6. Proposed rulemaking concerning single counterparty credit limits.

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

Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

S. 774, the Financial Institutions Examination Fairness and Reform Act (to improve the examination process). H.R. 1661, the Mutual Bank Capital Opportunity Act H.R. 1309, the Systemic Risk Designation Improvement Act of 2015 H.R. 1941, the Financial Institutions Examination Fairness and Reform Act S. 970, to allow more small insured depository institutions to qualify for the 18-month on-site exam cycle H.R. 1090, the Retail Investor Protection Act H.R. 1839, the RAISE Act of 2015 H.R. 4166, the Expanding Proven Financing for American Employers Act

Client expense: $1,980,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE

H.R. 4166 Expanding Proven Financing for American Employers Act

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

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

Implementation of the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010, including Section 941 and Title VII; Congressional oversight thereof; Basel III; Bank capital rules; HR 4166,the Expanding Proven Financing for American Employers Act.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Implementation of the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010, including Section 941 and Title VII; Congressional oversight thereof and; HR 4166,the Expanding Proven Financing for American Employers Act.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

1. Collateralized Loan Obligations (CLOs) - General issues concerning changes to the compliance date for CLOs related to the Volcker rule through Title VIII of the Promoting Job Creation and Reducing Small Business Burdens Act (Act) of 2015; H.R. 4166, Expanding Proven Financing for American Employers Act, supports a qualified CLO retention regime as an alternative to the final risk-retention rules. 2. Basel Capital and Liquidity Treatment for asset-backed securities - General issues concerning the appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules (includes the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, Step-In risk, and efforts to create "Simple, Transparent and Comparable" securitizations). 3. General issues concerning an exemption from posting margin for uncleared swaps to be included in final prudential regulations, specifically that non-captive finance companies and financial institutions should receive the same exemption that captive finance companies received. 4. Marketplace Lending - General issues concerning securitization regulation as it relates to marketplace lending prior to making new regulatory or legislative decisions for this new form of funding. 5. Regulation AB II - Issues concerning disclosure requirements (current and potential) under the SEC's regulation AB II for all ABS classes, such as auto, credit card, equipment lease and student loans. 6. General Dodd-Frank Reform Efforts - Issues concerning the implementation of DFA final rules, including risk retention, LCR, NRSRO, Derivatives and Swaps; reform proposals as they relate to securitization and capital markets generally; H.R. 4620, the Preserving Access to CRE Capital Act of 2016.

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

Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

S. 881; H.R. 2289; S. 1484; H.Res. 288; H.R. 1659; H.R. 2947, S. 1840, S. 1841; H.R. 2209; H.R. 22; H.R. 2029; H.R. 4096; H.R. 4166; H.R. 4638; H.R. 2440; HR 5485; S. 1910; S. 337; S.3118; H.R.5592 - Discussed implementation of the Basel capital accord and issues related to capital, liquidity, and leverage. Discussed margin issues; the Commodity End-User Relief Act; CFTC reauthorization; SEC and equity market structure reform; and issues related to central clearing parties. Discussed the Financial Regulatory Improvement Act of 2015 and other proposals related to bank structure, capital requirements, capital formation, market structure, and market liquidity. Discussed issues related to financial institution bankruptcy reform, including issues related to resolution and recovery under the Bankruptcy Code. Discussed access to capital for emerging growth companies. Discussed issues related to the liquidity coverage ratio. Discussed budget and revenue measures involving the financial services sector. Discussed the Financial CHOICE act. Discussed the Financial Services and General Government Appropriations bill. Discussed treatment of supervisory information.

Client expense: $780,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)

S. 774, the Financial Institutions Examination Fairness and Reform Act (to improve the examination process). H.R. 1661, the Mutual Bank Capital Opportunity Act H.R. 1309, the Systemic Risk Designation Improvement Act of 2015 H.R. 1941, the Financial Institutions Examination Fairness and Reform Act S. 970, to allow more small insured depository institutions to qualify for the 18-month on-site exam cycle H.R. 1090, the Retail Investor Protection Act H.R. 1839, the RAISE Act of 2015 H.R. 4166, the Expanding Proven Financing for American Employers Act

Client expense: $2,300,000 · Firm income: Not reported

Government targets: Defense, Dept of (DOD), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE

Supplemental capital issues, regulatory issues for credit unions and tax exemption status: HR185; HR 766; HR 957; HR 989; HR 1133; HR 1176; HR 1188; HR 1266; HR 1422; HR 1486; HR 1491; HR 1529; HR 1550; HR 1660; HR 1661; HR 1941; HR 2099; HR 2213; HR 2473; HR 2477; HR 2642; HR 2769;HR 2896; HR 3557; HR 3738; HR 3808; HR 3857; HR 4099; HR 4166; HR 4210; HR 4248; HR 4347; HR 4500; HR 4538; HR 4620; HR 4647; HR 4781; HR 4894; HR 4913; HR 4997; HR 5112; HR 5211; HR 5413; HR 5419; HR 5453; HR 5465; HR 5490; HR 5491; HR 5521; HR 5522; HR 5523; HR 5527; HR 5569; S. 423; S. 482; S. 726; S. 774; S. 924; S. 970; S. 1383; S. 1440; S. 1484; S. 1491; S. 2028; S. 2038; S. 2216; S. 2315; S.2663; S 2722; data security and cybersecurity; patent reform; FHLB membership rules; CFPB and FSOC reform; and GSE reform.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

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

PL 111-203, The Dodd-Frank Act: Section 165, Enhanced Supervision and Prudential Standards H.R. 1309 - The Systemic Risk Designation Improvement Act of 2015 S. 1484, Financial Regulatory Improvement Act of 2015, Title II--Systemically Important Bank Holding Companies H.R. 4166 Expanding Proven Financing for American Employers Act The Financial Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs (CHOICE) Act (draft)

Client expense: $650,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

During the first quarter 2016, SFIG advocated on the following issues: 1. CLO's - for changes to the compliance date for collateralized loan obligations to the Volcker rule through Title VIII of the Promoting Job Creation and Reducing Small Business Burdens Act (Act) of 2015. SFIG is also advocating for H.R. 4166, a qualified CLO retention regime as an alternative to the final risk-retention rules. 2. Basel Capital and Liquidity Treatment for asset-backed securities - SFIG lobbied for appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules. This includes both the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book, Step-In risk, and efforts to create "Simple, Transparent and Comparable" securitizations. 3. SFIG is advocating for an exemption from posting margin for uncleared swaps to be included in the final prudential regulations. Captive finance companies have already received this exemption through a no-action letter from the CFTC. SFIG believes that non-captive finance companies and financial institutions should receive the same exemption that captive finance companies received. 4. Marketplace Lending - SFIG advocated for Congress and regulators to review the current rules in place for securitization as it relates to marketplace lending prior to making and new regulatory or legislative decisions for this new form of funding. 5. Regulation AB II - SFIG discussed disclosure requirements under the SEC's regulation AB II for all ABS classes, such as auto, credit card, equipment lease and student loans. 6. General Dodd-Frank Reform Efforts. SFIG also discussed upcoming and final rules with both the regulators as well as Congress, including risk retention, regulation AB II, LCR, NRSRO, HQS, Derivatives and Swaps.

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

Government targets: Commodity Futures Trading Commission (CFTC), Consumer Financial Protection Bureau (CFPB), Farm Credit Administration, Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

H.R. 766, the Financial Institution Customer Protection Act of 2015 H.R. 1675, the Encouraging Employee Ownership Act of 2015 S. 1841, "Taxpayer Protection and Responsible Resolution Act" Whistleblower Augmented Reward and Nonretaliation (WARN) Act of 2016 H.R. 2896, Taking Account of Institutions with Low Operation Risk Act of 2015 H.R. 3798, the Due Process Restoration Act of 2015 H.R. 4166, the Expanding Proven Financing for American Employers Act H.R. 4139, the Fostering Innovation Act H.R. 4498 , the HALOS Act H.R. 4620, the Preserving Access to CRE Capital Act H.R. 4638, the Main Street Growth Act H.R. 4096, the Investor Clarity and Bank Parity Act The Brokaw Act H.R. 4018, "Consumer Protection and Choice Act" Department of Education Complaint System Corinthian College Student Loan Relief CFTC Funding CFPB Auto Lending Reform Wage Garnishment Payday Lending Reform DoL Fiduciary Rule CFPB Oversight

Client expense: $304,446 · 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

S. 881; H.R. 2289; S. 1484; H.Res. 288; H.R. 1659; H.R. 2947, S. 1840, S. 1841; H.R. 2209; H.R. 22; H.R. 2029; H.R. 4096; H.R. 4166; H.R. 4638; H.R. 2440 - Discussed implementation of the Basel capital accord and issues related to capital, liquidity, and leverage. Discussed margin issues; the Commodity End-User Relief Act; CFTC reauthorization; SEC and equity market structure reform; and issues related to central clearing parties. Discussed the Financial Regulatory Improvement Act of 2015 and other proposals related to bank structure, capital requirements, capital formation, market structure, and market liquidity. Discussed issues related to financial institution bankruptcy reform, including issues related to resolution and recovery under the Bankruptcy Code. Discussed access to capital for emerging growth companies. Discussed issues related to certain municipal obligations. Discussed budget and revenue measures involving the financial services sector.

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

Government targets: Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, U.S. Trade Representative (USTR)

H.R. 2896 - Taking Account of Institutions with Low Operation Risk Act of 2015 H.R. 3789 - Due Process Restoration Act H.R. 4139 - Fostering Innovation Act H.R. 4166 - Expanding Proven Financing for American Employers Act H.R. 4498 - Helping Angels Lead Our Startups Act H.R. 4620 - Preserving Access to CRE Capital Act H.R. 4638 - Main Street Growth Act

Client expense: $5,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES

Supplemental capital issues, regulatory issues for credit unions and tax exemption status: HR185; HR 299; HR 601; HR 685; HR 766; HR 957; HR 989; HR 1133; HR 1176; HR 1188; HR 1195; HR 1233; HR 1266; HR 1422; HR 1486; HR 1491; HR 1529; HR 1550; HR 1659; HR 1660; HR 1661; HR 1941; HR 2099; HR 2213; HR 2473; HR 2477; HR 2642; HR 2769;HR 2896; HR 3192; HR 3557; HR 3700; HR 3738; HR 3808; HR 3857; HR 4099; HR 4166; HR 4210; HR 4248; 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. 2216; S. 2315; S. 2497; S. 2716 data security and cybersecurity; patent reform; FHLB membership rules; CFPB and FSOC reform; and GSE reform.

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

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

S. 774, the Financial Institutions Examination Fairness and Reform Act (to improve the examination process). H.R. 1661, the Mutual Bank Capital Opportunity Act H.R. 1309, the Systemic Risk Designation Improvement Act of 2015 H.R. 1941, the Financial Institutions Examination Fairness and Reform Act S. 970, to allow more small insured depository institutions to qualify for the 18-month on-site exam cycle H.R. 1090, the Retail Investor Protection Act H.R. 1839, the RAISE Act of 2015 H.R. 4166, the Expanding Proven Financing for American Employers Act

Client expense: $2,150,000 · Firm income: Not reported

Government targets: Defense, Dept of (DOD), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE

Implementation of the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010, including Section 941 and Title VII; Congressional oversight thereof; Basel III; Bank capital rules; HR 4166,the Expanding Proven Financing for American Employers Act.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Implementation of the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010, including Section 941 and Title VII; Congressional oversight thereof and; HR 4166,the Expanding Proven Financing for American Employers Act.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

PL 111-203, The Dodd-Frank Act: Section 165, Enhanced Supervision and Prudential Standards H.R. 1309 - The Systemic Risk Designation Improvement Act of 2015 S. 1484, Financial Regulatory Improvement Act of 2015, Title II--Systemically Important Bank Holding Companies H.R. 4166 Expanding Proven Financing for American Employers Act

Client expense: $580,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 2896-Tailor Act of 2015, HR 3798-Due Process Restoration Act of 2015, HR 4096-Investor clarity & bank Parity Act, HR 4166-Expanding Proven financing for American Employers Act, HR 686-Small Business Mergers, Acquisitions, Sales & Brokerage independent Act of 2015, HR 1675-Capital Markets Improvement Act of 2016, HR 1965-Small company disclosure simplification act, HR 4139-Fostering innovation act of 2015, Position limits, Dodd-Frank Section 956, SEC Political Disclosure rule, Budget and SEC rulemaking discussion, Dodd-Frank implementation, HR 2356-Fair Access to Investment research act of 2015, HR 2354-Streamlining Excessive & costly regulations review act, HR 4498-HALOS Act, HR 4638-Main Street Growth Act.

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

Government targets: Commodity Futures Trading Commission (CFTC), Consumer Product Safety Commission (CPSC), Education, Dept of, Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

During the fourth quarter 2015, SFIG advocated on the following issues: 1. CLO's - for changes to the compliance date for collateralized loan obligations to the Volcker rule through Title VIII of the Promoting Job Creation and Reducing Small Business Burdens Act (Act) of 2015. SFIG is also advocating for H.R. 4166, a qualified CLO retention regime as an alternative to the final risk-retention rules. 2. Basel Capital and Liquidity Treatment for asset-backed securities - SFIG lobbied for appropriate treatment for bank investment in asset-backed securities under final Basel III capital and liquidity rules. This includes both the Liquidity Coverage Ratio, The Fundamental Review of the Trading Book and efforts to create "Simple, Transparent and Comparable" securitizations. 3. SFIG is advocating for an exemption from posting margin for uncleared swaps to be included in the final prudential regulations. Captive finance companies have already received this exemption through a no-action letter from the CFTC. SFIG believes that non-captive finance companies and financial institutions should receive the same exemption that captive finance companies received. 4. Marketplace Lending - SFIG advocated for Congress and regulators to review the current rules in place for securitization as it relates to marketplace lending prior to making and new regulatory or legislative decisions for this new form of funding. 5. Regulation AB II - SFIG submitted a supplemental comment letter to the SEC on outstanding issues remaining in the final Regulation AB II rule. SFIG also discussed Regulation AB II with Congress. 5. General Dodd-Frank Reform Efforts. SFIG also discussed upcoming and final rules with both the regulators as well as Congress, including risk retention, regulation AB II, LCR, NRSRO, HQS, Derivatives and Swaps

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

Government targets: Commodity Futures Trading Commission (CFTC), Farm Credit Administration, Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

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

PL 111-203, The Dodd-Frank Act: Section 165, Enhanced Supervision and Prudential Standards H.R. 1309 - The Systemic Risk Designation Improvement Act of 2015 H.R. 597 - Reform Exports and Expand the American Economy Act (Reauthorization of the Export-Import Bank) S. 1484, Financial Regulatory Improvement Act of 2015, Title II--Systemically Important Bank Holding Companies H.R. 4166 Expanding Proven Financing for American Employers Act H.R. 22 Fixing America's Surface Transportation Act, Divisions V, Title XXXII offsets Sections 32202 and 32203, federal dividends cuts

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE