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Financial CHOICE Act of 2017
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Financial CHOICE Act of 2017 (Sec. 2) This bill repeals provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and other laws. Any rule that was issued or revised pursuant to a provision repealed by the bill is nullified. TITLE I--ENDING "TOO BIG TO FAIL" AND BANK BAILOUTS Subtitle A--Repeal of the Orderly Liquidation Authority (Sec. 111) The bill repeals the orderly liquidation authority of the Federal Deposit Insurance Corporation (FDIC). The FDIC's orderly liquidation authority, as established under the Dodd-Frank Act, allows the FDIC to liquidate a failing financial institution if the institution's imminent failure threatens financial stability. Subtitle B--Financial Institution Bankruptcy (Sec. 121) Newly established provisions related to Chapter 11 bankruptcy, which generally involves the reorganization of a debtor's assets and debts, shall apply to covered financial corporations (certain large and complex financial institutions, as defined by the bill). Under specified circumstances, a court may convert a covered financial corporation's Chapter 11 bankruptcy case into a case under Chapter 7 bankruptcy (also known as "liquidation" bankruptcy). (Sec. 122) The bill amends the federal bankruptcy code to establish Chapter 11 bankruptcy procedures specific to covered financial institutions. Specified federal financial regulatory agencies may appear and be heard in such cases. In making decisions in such cases, a court may consider effects on financial stability in the United States. (Sec. 123) The Chief Justice of the U.S. Supreme Court shall designate judges to hear Chapter 11 bankruptcy cases involving covered financial corporations. Subtitle C--Ending Government Guarantees (Sec. 131) The bill repeals the FDIC's authority, under the Dodd-Frank Act, to guarantee bank debt during times of severe economic distress. (Sec. 132) Current law generally requires the FDIC to utilize the least-costly method when using the Deposit Insurance Fund to resolve failing banks; however, in an exception to this requirement, the FDIC may take other action or provide assistance to avoid or mitigate serious adverse effects on economic conditions or financial stability. The bill repeals this exception. (Sec. 133) The Exchange Stabilization Fund may not be used for the establishment of a guaranty program for any nongovernmental entity. Subtitle D--Eliminating Financial Market Utility Designations (Sec. 141) The bill repeals the authority of the Financial Stability Oversight Council (FSOC) to designate financial market utilities (i.e., payment, clearing, and settlement systems) as "systemically important" (also known as "too big to fail"). Under current law, entities so designated are subject to additional regulatory restrictions. Subtitle E--Reform of the Financial Stability Act of 2010 (Sec. 151) The bill repeals FSOC's authority to designate non-bank financial institutions as "systemically important." In addition, the bill eliminates the Office of Financial Research, which is tasked under current law with supporting FSOC through data collection and analysis. The bill repeals: (1) provisions related to the authority of the Federal Reserve Board (FRB) to supervise and take enforcement action against non-bank financial companies; (2) the prohibition against management interlocks in certain financial companies (i.e., the prohibition against a management official serving simultaneously in two unaffiliated organizations); and (3) specified early-remediation requirements applicable to non-bank financial companies in financial distress. With respect to FSOC, the bill modifies council membership, voting procedures, open meetings requirements, and duties. In addition, the bill subjects FSOC to the congressional appropriations process. The bill exempts qualifying banking organizations from certain standards related to proposed acquisitions. In addition, the bill modifies procedures for: (1) the submission and federal review of "living wills" (i.e., companies' plans for rapid and orderly resolution in the event of financial distress or failure); and (2) the stress testing of bank holding companies. The FRB may not, on an emergency basis, approve an application that would cause a company to become a bank holding company, unless the application involves the company's acquisition of a bank that is critically undercapitalized. Specified concentration limits applicable to large financial firms under the Bank Holding Company Act of 1956 shall apply only to banking organizations. (Sec. 152) A federal banking agency may not establish an operational-risk capital requirement for banking organizations unless the requirement: (1) is based on, and is appropriately sensitive to, current risks; (2) is determined under a forward-looking assessment of potential losses; and (3) allows certain adjustments. TITLE II--DEMANDING ACCOUNTABILITY FROM WALL STREET Subtitle A--SEC Penalties Modernization (Sec. 211) The bill amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to increase civil monetary penalties that may be imposed by the Securities and Exchange Commission (SEC) for various securities laws violations. With respect to a failure to comply with an injunction or order relating to a violation of one of these laws, each day shall be deemed a separate offense. (Sec. 212) The bill amends the Sarbanes-Oxley Act of 2002 to increase civil monetary penalties that the Public Company Accounting Oversight Board (PCAOB) may impose upon registered public accounting firms or associated persons for violations of specified securities laws, board rules, or professional standards. (Sec. 216) The Government Accountability Office (GAO) must report on the SEC's use of its authority to impose civil monetary penalties. Subtitle B--FIRREA Penalties Modernization (Sec. 221) The bill amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), and other laws, to increase civil and criminal monetary penalties for specified violations involving financial institutions. TITLE III--DEMANDING ACCOUNTABILITY FROM FINANCIAL REGULATORS AND DEVOLVING POWER AWAY FROM WASHINGTON Subtitle A--Cost-Benefit Analyses (Sec. 312) In general, a federal financial regulatory agency must include, in a notice of proposed rulemaking, a regulatory analysis as specified by the bill. Except at the direction of Congress, a federal regulatory agency may not publish a notice of final rulemaking if the agency, in its analysis, determines that the quantified costs of the proposed rule exceed its quantified benefits. (Sec. 314) A federal financial regulatory agency must make available on its website the data, methodologies, and assumptions underlying its required regulatory analysis such that its results can be substantially reproduced. (Sec. 315) A federal financial regulatory agency's chief economist must submit to Congress, and make available on the agency's website, a report that examines the economic impact of a regulation that is the subject of a notice of final rulemaking. (Sec. 316) Each federal financial regulatory agency must periodically submit to Congress, and make available on its website: (1) a plan to modify, streamline, expand, or repeal existing regulations so as to make the agency more effective or less burdensome in achieving its regulatory objectives; and (2) a progress report on the steps that the agency has taken to implement that plan. (Sec. 317) A person that is aggrieved by a regulation may bring an action for judicial review of agency compliance with the bill's requirements with respect to regulatory analysis. (Sec. 318) The bill establishes a Chief Economists Council, consisting of federal financial regulatory agencies' chief economists, and tasks the council to report annually to Congress on specified issues related to regulations. Subtitle B--Congressional Review of Federal Financial Agency Rulemaking (Sec. 331) Before a rule may take effect, the promulgating federal financial regulatory agency must report to Congress and the GAO on any cost-benefit analysis of the rule and other specified information. In general, a "major rule" (i.e., a rule with significant economic impact) promulgated by a federal financial regulatory agency shall not take effect unless Congress enacts a joint resolution of approval, as described by the bill. (Sec. 332) The bill establishes procedures for congressional approval of major rules. (Sec. 333) The bill establishes procedures for congressional disapproval of rules other than major rules. (Sec. 335) No action or omission under this subtitle of the bill shall be subject to judicial review, except that a court may determine whether an agency has completed the necessary requirements for a rule to take effect. (Sec. 336) A rule shall take effect at a time determined by the promulgating federal financial regulatory agency if: (1) the rule establishes or modifies a program related to hunting, fishing, or camping; or (2) with respect to a rule that is not a major rule, the agency finds that compliance with certain requirements is impracticable, unnecessary, or contrary to the public interest. (Sec. 338) This subtitle of the bill shall not apply to rules concerning monetary policy. Subtitle C--Judicial Review of Agency Actions (Sec. 341) In general, the standard for judicial review of an action by a federal financial agency shall be de novo (i.e., without deference to the agency). Subtitle D--Leadership of Financial Regulators (Sec. 351) The bill amends the Federal Deposit Insurance Act to modify the membership of the FDIC such that all five members shall be appointed by the President. (Sec. 352) The bill amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to allow the President to remove the director of the Federal Housing Finance Agency (FHFA) without cause. Subtitle E--Congressional Oversight of Appropriations (Sec. 361) The bill subjects each of the following to the congressional appropriations process: the FDIC, the FHFA, the examination and supervision functions of the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the nonmonetary policy-related administrative costs of the FRB. Subtitle F--International Processes (Sec. 371) The Department of the Treasury and specified federal financial regulatory agencies must satisfy certain notice and reporting requirements before participating in a process of setting financial standards as part of a foreign or multinational entity. Subtitle G--Unfunded Mandates Reform (Sec. 382) The Unfunded Mandates Reform Act of 1995, which restricts the federal imposition of unfunded mandates on state and local governments, shall apply to federal financial regulatory agencies. In general, before promulgating a final rule that may result in a significant economic impact to state or local governments, a federal financial regulatory agency must prepare a regulatory analysis as specified by the bill. Each agency must develop a process to allow impacted parties within the private sector to provide input with respect to the development of regulatory proposals containing significant federal mandates. Subtitle H--Enforcement Coordination (Sec. 391) Federal financial regulatory agencies must implement policies and procedures to minimize the duplication of effort with respect to enforcement actions. Subtitle I--Penalties for Unauthorized Disclosures (Sec. 392) The bill amends the Financial Stability Act of 2010 to establish criminal monetary penalties with respect to: (1) an officer or employee of a federal financial regulatory agency who willfully makes an unauthorized disclosure of certain individually identifiable information, and (2) a person who willfully requests or obtains such information under false pretenses. Subtitle J--Stop Settlement Slush Funds (Sec. 393) A settlement may not direct or provide for payment to any person who is not a victim of the alleged wrongdoing if the Department of Housing and Urban Development, the Department of Justice, the Rural Housing Service, or a federal financial regulatory agency is a party to the settlement. TITLE IV--UNLEASHING OPPORTUNITIES FOR SMALL BUSINESSES, INNOVATORS, AND JOB CREATORS BY FACILITATING CAPITAL FORMATION Subtitle A--Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification (Sec. 401) The bill generally exempts merger-and-acquisition brokers from registration requirements under the Securities Exchange Act of 1934. Subtitle B--Encouraging Employee Ownership (Sec. 406) The SEC shall increase, from $5 million to $20 million, the 12-month sales threshold beyond which an issuer is required to provide investors with additional disclosures related to compensatory benefit plans. Subtitle C--Small Company Disclosure Simplification (Sec. 411) The bill exempts from requirements to use Extensible Business Reporting Language (XBRL) for SEC filings: (1) emerging growth companies (i.e., companies with revenues below a specified threshold); and (2) on a temporary basis, certain other smaller companies. (Sec. 412) The SEC must conduct an analysis of the costs and benefits of XBRL requirements with respect to such companies. (Sec. 413) The SEC must report to Congress on the results of its analysis and other specified issues related to XBRL implementation. Subtitle D--Securities and Exchange Commission Overpayment Credit (Sec. 416) If a national securities exchange or national securities association overpays certain transaction fees to the SEC, the SEC must credit the amount of overpayment to the exchange or association. Subtitle E--Fair Access to Investment Research (Sec. 421) The SEC must establish and implement a "safe harbor" for certain investment fund research reports published by brokers and dealers. Such reports shall be deemed not to be "offers" under specified provisions of securities laws, even if the broker or dealer participates in the registered offering of the investment fund's securities. In implementing the safe harbor, the SEC must prohibit a self-regulatory organization (SRO) from maintaining or enforcing a rule that would prevent a member from: (1) publishing or distributing a covered investment fund research report solely because the member is also participating in a registered offering of the fund, or (2) participating in a registered offering of a covered investment fund solely because the member has published a research report about the fund. The bill restricts the SEC from conditioning the safe harbor upon certain requirements. Subtitle F--Accelerating Access to Capital (Sec. 426) The SEC must allow certain smaller companies to use a simplified registration form. Subtitle G--Enhancing the RAISE Act (Sec. 431) The bill modifies the requirements that must be met in order for certain accredited-investor transactions to be exempt from prohibitions against interstate solicitation. Subtitle H--Small Business Credit Availability (Sec. 436) The bill removes certain restrictions on the acquisition by a business development company (BDC) of securities issued by an investment adviser or eligible portfolio company. (Sec. 437) The bill: (1) reduces the required asset-coverage ratio (i.e., a measure of a company's ability to cover its debt obligations with its assets) for a BDC that meets specified requirements, and (2) otherwise modifies requirements applicable to BDCs. (Sec. 438) The SEC must allow BDCs to use securities offering and proxy rules that are available to other issuers. Subtitle I--Fostering Innovation (Sec. 441) The bill temporarily exempts certain lower-revenue issuers from auditor-attestation requirements under the Sarbanes-Oxley Act of 2002. Subtitle J--Small Business Capital Formation Enhancement (Sec. 446) The bill amends the Small Business Investment Incentive Act of 1980 to require the SEC to report publicly on the findings and recommendations of the annual government-business forum on capital formation. Subtitle K--Helping Angels Lead Our Startups (Sec. 452) The SEC must revise Regulation D, which exempts certain offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings. Specifically, this prohibition shall not apply to events with specified kinds of sponsors, including "angel investor groups" that are unconnected to broker-dealers or investment advisers, if specified requirements are met. Subtitle L--Main Street Growth (Sec. 456) A national securities exchange that meets specified requirements may elect to be treated as a "venture exchange" and accordingly be exempt from: (1) state regulation of securities offerings, and (2) certain SEC regulations. Subtitle M--Micro Offering Safe Harbor (Sec. 461) The bill exempts certain micro-offerings from: (1) state regulation of securities offerings, and (2) federal prohibitions related to interstate solicitation. Subtitle N--Private Placement Improvement (Sec. 466) The SEC must further revise Regulation D with respect to filing requirements, as specified by the bill. Subtitle O--Supporting America's Innovators (Sec. 471) The bill exempts from the definition of an "investment company," for purposes of certain limitations applicable to such a company, a qualifying venture capital fund that has no more than 500 investors. Specifically, the bill applies to a venture capital fund that has less than $50 million in aggregate capital contributions and uncalled committed capital. Under current law, a venture capital fund is considered to be an investment company if it has more than 100 investors. Subtitle P--Fix Crowdfunding (Sec. 476) The bill lessens restrictions related to the SEC registration exemption for securities offerings involving crowdfunding. (Sec. 477) With respect to that exemption, the bill excludes crowdfunding investors from the cap on shareholders. (Sec. 479) The bill exempts crowdfunding intermediaries known as "funding portals" from certain reporting requirements. Subtitle Q--Corporate Governance Reform and Transparency (Sec. 482) The bill establishes SEC registration requirements for proxy advisory firms that provide proxy voting research, analysis, or recommendations to clients. (Sec. 483) The SEC must report annually and publicly on specified issues related to proxy advisory firms. Subtitle R--Senior Safe (Sec. 491) The bill extends immunity from liability to certain financial institution employees who: (1) have been trained to identify and report suspected exploitation of a senior citizen, and (2) disclose suspected exploitation to a regulatory or law enforcement agency. (Sec. 492) A financial institution may provide such training to its employees. Subtitle S--National Securities Exchange Regulatory Parity (Sec. 496) Under current law, a security must be listed, or authorized for listing, on one of several specified national securities exchanges (or one with substantially similar standards) in order to be exempt from SEC registration requirements. The bill instead requires that a security be listed, or authorized for listing, on a national securities exchange that has been approved by the SEC. Subtitle T--Private Company Flexibility and Growth (Sec. 497) The bill increases the shareholder and assets thresholds at which SEC registration requirements become applicable. Subtitle U--Small Company Capital Formation Enhancements (Sec. 498) Under current law, the SEC must exempt from registration requirements offerings of up to $50 million annually if specified requirements are met. The bill increases this limit to $75 million and provides for inflationary adjustments. Subtitle V--Encouraging Public Offerings (Sec. 499) The bill allows an issuer to: (1) communicate with qualified institutional buyers or accredited investors to ascertain interest in a contemplated securities offering (i.e., "test the waters"), either before or after the date of filing of a registration statement; and (2) confidentially submit a draft registration statement to the SEC for nonpublic review prior to public filing. Under current law, only emerging growth companies are permitted to do so. Subtitle X--Modernized Offering and Proxy Rules for Closed-End Funds (Sec. 499A) The SEC must revise its rules to the extent necessary to allow a closed-end company (i.e., a publicly traded investment company that sells a limited number of shares to investors in an initial public offering) to use specified offering and proxy rules. TITLE V--REGULATORY RELIEF FOR MAIN STREET AND COMMUNITY FINANCIAL INSTITUTIONS Subtitle A--Preserving Access to Manufactured Housing (Sec. 501) The bill amends the Truth in Lending Act (TILA) to specify that a retailer of manufactured housing is generally not a "mortgage originator" under the Act. (Sec. 502) In addition, the bill modifies the annual percentage rates and transaction values at which mortgages for certain dwellings are considered "high-cost mortgages" under TILA. Subtitle B--Mortgage Choice (Sec. 506) Certain charges shall not be considered "points and fees" for purposes of determining whether a mortgage is a "high-cost mortgage." Subtitle C--Financial Institution Customer Protection (Sec. 511) A federal banking agency may not request or order a depository institution to terminate a customer account unless: (1) the agency has a material reason for doing so, and (2) that reason is not based solely on reputation risk. (Sec. 512) The bill amends FIRREA to: (1) apply civil penalties to specified violations by a financial institution against an unaffiliated third person, and (2) modify provisions related to administrative subpoenas. Subtitle D--Portfolio Lending and Mortgage Access (Sec. 516) In general, a creditor that is a depository institution shall not be subject to suit for violating specified ability-to-pay requirements with respect to a residential mortgage loan if: (1) the creditor has consistently held the loan on its balance sheet, and (2) prepayment penalties associated with the loan comply with specified limitations. Similarly, a mortgage originator shall not be subject to suit for such a violation if: (1) the creditor is a depository institution; and (2) the creditor informs the mortgage originator, which informs the consumer, that the creditor intends to hold the loan on its balance sheet for the life of the loan. Subtitle E--Application of the Expedited Funds Availability Act (Sec. 521) The bill amends the Expedited Funds Availability Act to apply the Act, which governs bank deposit holds, to American Samoa and the Commonwealth of the Northern Mariana Islands. The Act's one-day extension for certain deposits in noncontiguous states or territories shall apply to both. Subtitle F--Small Bank Holding Company Policy Statement (Sec. 526) The FRB must revise its Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors (which allows smaller bank companies to have higher debt levels than are generally allowed). Specifically, the FRB must raise the consolidated asset threshold at which the statement applies from $1 billion to $10 billion. Subtitle G--Community Institution Mortgage Relief (Sec. 531) The bill exempts from specified escrow requirements a loan held by a creditor that: (1) has consolidated assets of up to $10 billion, and (2) holds the loan on its balance sheet for a specified period of time. The Consumer Law Enforcement Agency (as established by title VII of this bill) must revise certain escrow and other requirements with respect to servicers that service 20,000 or fewer mortgages annually. Subtitle H--Financial Institutions Examination Fairness and Reform (Sec. 536) The bill amends the Federal Financial Institutions Examination Council Act of 1978 to: (1) set deadlines for final examination reports and exit interviews of a financial institution by a federal financial regulatory agency, (2) establish new examination standards with respect to commercial loans, (3) establish the Office of Independent Examination Review, and (4) allow a financial institution to obtain an independent review of a material supervisory determination contained in a final report of examination. Subtitle I--National Credit Union Administration Budget Transparency (Sec. 541) The bill amends the Federal Credit Union Act to require the NCUA to hold public hearings on its draft annual budget. Subtitle J--Taking Account of Institutions with Low Operation Risk (Sec. 546) Federal financial regulatory agencies must: (1) tailor any regulatory actions so as to limit burdens on the institutions involved, with consideration of the risk profiles and business models of those institutions; and (2) report to Congress on specific actions taken to do so, as well as on other related issues. The bill's tailoring requirement applies not only to future regulatory actions but also to regulations adopted within the last seven years. Subtitle K--Federal Savings Association Charter Flexibility (Sec. 551) The bill amends the Home Owners' Loan Act to allow a federal savings association to elect to operate, subject to the OCC's supervision, with the same rights and duties as a national bank. Subtitle L--SAFE Transitional Licensing (Sec. 556) The bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to temporarily allow loan originators that meet specified requirements to continue to originate loans after moving: (1) from one state to another, or (2) from a depository institution to a non-depository institution. Subtitle M--Right to Lend (Sec. 561) The bill repeals provisions of the Equal Credit Opportunity Act that require a financial institution, in the case of an application for credit by a business, to request information regarding whether the business is a women-owned, minority-owned, or small business. Subtitle N--Community Bank Reporting Relief (Sec. 566) The bill allows reduced reporting requirements for well-capitalized, insured depository institutions that meet specified criteria. Subtitle O--Homeowner Information Privacy Protection (Sec. 571) The GAO must conduct a study regarding, and report to Congress on, the privacy of certain information collected under the Home Mortgage Disclosure Act of 1975. The bill suspends data-sharing requirements under that Act unless they predated enactment of the Dodd-Frank Act. Subtitle P--Home Mortgage Disclosure Adjustment (Sec. 576) The bill exempts a depository institution from certain records and disclosure requirements: (1) with respect to closed-end mortgage loans, if the depository institution originated fewer than 100 such loans in each of the two preceding years; and (2) with respect to open-end lines of credit, if the depository institution originated fewer than 200 such lines of credit in each of the two preceding years. Subtitle Q--Protecting Consumers' Access to Credit (Sec. 581) The bill amends various provisions of law to specify that a loan that is valid as to its maximum rate of interest shall remain valid with respect to that rate regardless of whether the loan is transferred to a third party. Subtitle R--NCUA Overhead Transparency (Sec. 586) The NCUA must report annually and publicly on specified issues related to its use of funds from the National Credit Union Share Insurance Fund. Subtitle U--Legitimate Financial Transactions Report (Sec. 597) Treasury must report to Congress on its efforts to ensure that legitimate financial transactions move freely and globally. Subtitle V--Dividend Waiver Authority for Mutual Holding Companies (Sec. 598) With respect to a mutual holding company, current law requires a federal financial agency to consider waived dividends in determining an appropriate exchange ratio in the event of a full conversion to stock form. The bill eliminates this requirement and instead prohibits a federal financial agency from considering waived dividends in making such a determination. TITLE VI--REGULATORY RELIEF FOR STRONGLY CAPITALIZED, WELL MANAGED BANKING ORGANIZATIONS (Sec. 601) A banking organization may elect to be treated as a "qualifying banking organization" for purposes of regulatory relief under the bill if it has an average leverage ratio of at least 10% and meets other specified requirements. (Sec. 602) A qualifying banking organization shall be exempt from: (1) any federal law or regulation addressing capital or liquidity requirements or standards; (2) any federal law, rule, or regulation that allows a federal financial agency to object to a capital distribution; (3) specified considerations as to whether the banking organization poses a risk to the stability of the financial system of the United States; and (4) other specified federal laws, rules, and regulations. (Sec. 603) Specified federal financial regulatory agencies shall study, and hold public hearings on, how to design a requirement for banking organizations to issue contingent capital with a market-based conversion trigger. (Sec. 604) The GAO must report to Congress on the benefits and feasibility of altering certain corrective-action rules. TITLE VII--EMPOWERING AMERICANS TO ACHIEVE FINANCIAL INDEPENDENCE Subtitle A--Separation of Powers and Liberty Enhancements (Sec. 711) The bill converts the Consumer Financial Protection Bureau (CFPB) into the Consumer Law Enforcement Agency. The President may remove the Director of the agency with or without cause. In addition, the President shall appoint the agency's Deputy Director. (Sec. 712) The bill subjects the agency to the congressional appropriations process. (Sec. 713) The President, rather than the Chairman of the FRB, shall appoint the Inspector General for the agency. (Sec. 714) A private party that is a party to an administrative proceeding brought by the agency may compel the agency to terminate the proceeding, in which case the agency may bring a civil action for the same remedy. (Sec. 715) Under current law, a person may file a petition with the CFPB, subject to judicial review, for an order to modify or set aside a civil investigative demand made by the CFPB. The bill instead allows a person, with respect to a civil investigative demand made by the agency, to file such a petition in the district court. (Sec. 716) A purpose of the agency shall be to implement and enforce federal consumer law consistently in order to strengthen market participation, increase competition, and enhance consumer choice. The bill establishes an Office of Economic Analysis within the agency to review and assess existing and proposed rules and regulations issued by the agency. (Sec. 717) The bill repeals provisions of the Consumer Financial Protection Act that require courts to defer to determinations by the agency (as converted from the CFPB by this subtitle of the bill) regarding the meaning or interpretation of federal consumer financial law. Subtitle B--Administrative Enhancements (Sec. 721) The agency must: (1) establish procedures for responding to inquiries concerning whether specific conduct conforms with federal consumer financial law; (2) issue advisory opinions, when feasible; and (3) develop a system to charge a fee for each inquiry. (Sec. 722) The agency must establish and maintain a segregated account for civil penalties obtained by the agency. Amounts in the account shall be used to make payments to victims; however, any amounts remaining in the account after a specified period of time must be credited to the Treasury. (Sec. 723) Agency employees shall be compensated according to the General Schedule pay scale for federal employees. (Sec. 724) Under current law, the CFPB is tasked with monitoring for risks to consumers with respect to consumer financial products or services. Such monitoring shall not be a function of the agency. (Sec. 725) The bill eliminates requirements for the agency (as converted from the CFPB by this subtitle of the bill) to establish specified offices within itself. (Sec. 726) The bill eliminates the Consumer Advisory Board. (Sec. 727) The bill eliminates the authority of the agency (as converted from the CFPB by this subtitle of the bill) to supervise and examine financial institutions. (Sec. 728) The bill: (1) transfers control of the building that serves as the CFPB's headquarters to the General Services Administration (GSA); and (2) authorizes the GSA to sell the building, depending on what the GSA determines are the new agency's real-estate leasing needs. (Sec. 729) The agency generally may not exercise any authority with respect to: (1) employee benefit compensation plans, or (2) persons regulated by either the SEC or the Commodity Futures Trading Commission (CFTC). Subtitle C--Policy Enhancements (Sec. 731) The agency may not collect or use any nonpublic personal information about a consumer without the consumer's permission. (Sec. 732) The bill repeals FSOC's authority to, for reasons of safety and soundness of the U.S. banking system, set aside a regulation issued by the agency (as converted from the CFPB by this subtitle of the bill). (Sec. 733) The agency may not exercise any authority with respect to payday loans, vehicle-title loans, or other similar loans. (Sec. 734) The bill nullifies a CFPB bulletin on indirect auto lending and compliance with the Equal Credit Opportunity Act. According to that bulletin, certain lenders that offer auto loans through dealerships are potentially liable for unlawful, discriminatory dealer markups. (Sec. 735) The bill eliminates the regulatory and enforcement authority of the agency (as converted from the CFPB by this subtitle of the bill) with respect to unfair, deceptive, and abusive acts and practices by depository institutions. (Sec. 736) The bill directs federal banking agencies to promulgate regulations under the Federal Trade Commission Act to prevent unfair or deceptive acts or practices by depository institutions. (Sec. 737) The bill repeals the authority of the agency (as converted from the CFPB by this subtitle of the bill) to, for reasons of consumer protection and the public interest, restrict the use of an agreement for mandatory pre-dispute arbitration. TITLE VIII--CAPITAL MARKETS IMPROVEMENTS Subtitle A--SEC Reform, Restructuring, and Accountability (Sec. 801) The bill reauthorizes through FY2022 the SEC. (Sec. 802) The SEC must annually report to Congress on any funds appropriated to the SEC that remain unobligated. (Sec. 803) The bill abolishes the SEC Reserve Fund, which was established under the Dodd-Frank Act to support SEC operations. (Sec. 804) The SEC must collect fees and assessments in specified targeted amounts to offset congressional appropriations to the SEC. Fees collected in excess of the amount of such appropriations must be credited to the Treasury. (Sec. 805) The SEC may not obligate any funds for the purpose of federal construction of a new headquarters facility. (Sec. 806) The SEC must, within a specified timeframe, complete implementation of specified recommendations regarding the SEC's operations and structure. (Sec. 807) The SEC's Office of Credit Ratings shall report to the Division of Trading and Markets. (Sec. 808) The SEC's Office of Municipal Securities shall also report to the Division of Trading and Markets. (Sec. 809) The Ombudsman of the SEC shall be appointed by the Chairman of the SEC rather than by the Investor Advocate. (Sec. 810) The bill modifies provisions relating to the membership of the Investor Advisory Committee. (Sec. 811) The Investor Advocate shall not take a position on any pending legislation other than certain legislative changes proposed by the Investor Advocate to promote the interests of investors. (Sec. 812) The Small Business Capital Formation Advisory Committee shall be subject to the Federal Advisory Committee Act. (Sec. 813) The SEC as well as each registered national security association must develop internal risk controls to safeguard market data. (Sec. 814) The bill applies specified notice and comment requirements to any statement or guidance that has the effect of interpreting or prescribing law or policy and is voted on by the SEC. (Sec. 815) A pilot program established by an SRO and filed with the SEC shall terminate after five years in the absence of an extension. (Sec. 816) The bill amends various provisions of law to specify that the SEC may not compel a person to produce a source code or similar intellectual property without first issuing a subpoena. (Sec. 817) The SEC must establish a process for closing investigations, as specified by the bill. (Sec. 818) The bill establishes an Enforcement Ombudsman to act as a liaison between the SEC and any person who is the subject of an SEC investigation or enforcement action. (Sec. 819) No person shall be subject to an SEC enforcement action with respect to a securities law, rule, or regulation if the person did not have adequate notice of the law, rule, or regulation. (Sec. 820) The SEC must establish an advisory committee on the SEC's enforcement policies and practices. (Sec. 821) The SEC must establish a process to allow a recipient of a Wells notification (i.e., a written notice that the SEC is planning to bring an enforcement action against the recipient) to make an in-person presentation before the SEC. A written report of any such presentation must be produced by SEC staff. (Sec. 822) The SEC must publish an updated manual setting forth its policies and practices with respect to the enforcement of securities laws. In addition, the SEC must annually publish an enforcement plan and report. (Sec. 823) A person against whom the SEC brings an administrative proceeding may compel the SEC to terminate the proceeding and to instead bring a civil action. (Sec. 824) The SEC may not impose a civil monetary penalty upon an issuer unless the order approving the imposition of that penalty contains certified findings regarding whether: (1) the alleged violation resulted in direct economic benefit to the issuer, and (2) the penalty will harm the issuer's shareholders. (Sec. 825) The bill repeals the SEC's authority, in a cease-and-desist proceeding, to prohibit certain persons from serving as officers or directors of an issuer. (Sec. 826) The duration of an omnibus order of investigation (authorizing the SEC to issue subpoenas to multiple persons in relation to a particular subject matter area) shall not be indefinite. (Sec. 827) A entity may not be disqualified from using an exemption or registration provision of securities laws on the basis of a felony conviction or other specified sanction, unless the SEC, after notice and an opportunity for a hearing, makes an on-the-record determination that the entity should be so disqualified. (Sec. 828) The SEC may not pay an award to any whistleblower who is responsible for, or complicit in, the violation with respect to which the whistleblower provided information. (Sec. 830) The bill specifies burden-of-proof and complaint requirements with respect to certain actions for breach of fiduciary duty. (Sec. 831) The PCAOB must make specified information available to Congress upon request. (Sec. 832) The bill eliminates the PCAOB Investor Advisory Group. (Sec. 833) The bill repeals the requirement that certain monetary penalties collected by the PCAOB be used to fund a specified merit scholarship program. (Sec. 834) Fines collected for violations of the rules of the Municipal Securities Rulemaking Board shall generally be credited to the Treasury. Subtitle B--Eliminating Excessive Government Intrusion in the Capital Markets (Sec. 841) The bill nullifies the "fiduciary duty" rule finalized by the Department of Labor on April 8, 2016. In accordance with that rule, advisers to retirement investors are fiduciaries that must comply with specified standards for impartial conduct. (Sec. 842) The bill exempts asset-backed securities that are comprised wholly of nonresidential mortgages from certain risk-retention requirements. (Sec. 843) Current law requires shareholder approval with respect to an issuer's compensation of executives no less frequently than once every three years. The bill instead requires such approval only when there has been a material change to executive compensation from the previous year. (Sec. 844) Current regulations allow the resubmission of a shareholder proposal that has been previously included in the issuer's proxy materials if, when the proposal was last included, it received less than a specified percentage of the vote; this percentage, which varies depending upon the number of times a proposal has been previously submitted, represents the minimum threshold at which resubmission is permissible. The bill directs the SEC to increase this threshold. In addition, the SEC must revise its regulations with respect to the holding requirement for a shareholder to be eligible to submit a shareholder proposal to an issuer for inclusion in the issuer's proxy statement. Specifically, the SEC must eliminate the option for a shareholder to satisfy the holding requirement by holding a certain dollar amount (under current regulations, $2,000). The SEC must also extend the requisite holding period from one year to three years. An issuer may not include in its proxy materials (i.e., documents outlining a public company's methods and procedures) a shareholder proposal submitted by a person acting as a proxy or otherwise acting on behalf of a shareholder. (Sec. 845) The SEC may not require that a proxy solicitation, in an election of members of an issuer's board of directors, be made using a single ballot. (Sec. 846) An issuer of municipal securities shall not be required to retain a municipal advisor prior to issuing such securities. (Sec. 847) Current law exempts from certain internal-control evaluation requirements an issuer that is either an accelerated filer or a large accelerated filer. The bill instead exempts from such requirements an issuer that either: (1) has total market capitalization of less than $500 million, or (2) is a depository institution with assets below $1 billion. (Sec. 848) The SEC must adhere to specified timeframes with respect to granting or rejecting an application for an exemption from requirements of the Investment Company Act of 1940. If the SEC denies such an application, it must provide the applicant with a written explanation and an opportunity for a hearing. (Sec. 849) Current law requires an issuer to establish a policy for the recovery of certain erroneously awarded executive compensation. The bill specifies that this requirement applies only with respect to recovery from an executive officer who had control or authority over the financial reporting that resulted in the error. (Sec. 850) The SEC may exempt a person from registration requirements applicable to a nationally recognized statistical rating organization (NRSO) if: (1) such requirements create a barrier to entry into the market for, or impede competition among, NRSOs; or (2) such an exemption is necessary or appropriate in the public interest and is consistent with the protection of investors. (Sec. 851) Under current law, the SEC's Office of Credit Ratings is required to conduct annual examinations of each NRSO. The bill specifies that such examinations shall be risk-based and removes the requirement that they be conducted at least annually. (Sec. 852) Current law requires each NRSO to disclose to the SEC certain information related to the NRSO's credit rating procedures and methodologies. The bill prohibits the SEC from: (1) mandating the specific organization of such disclosures, or (2) requiring that such disclosures include references to statutory or regulatory requirements. (Sec. 853) The bill repeals the requirement for each NRSO to include, with any credit rating it issues, an attestation affirming that: (1) no part of the rating was influenced by other business activities, (2) the rating was based solely on the merits of the instruments being rated, and (3) the rating was an independent evaluation of the instrument's risks and merits. The bill also repeals the requirement for each NRSO to include in its annual internal-controls report an attestation of its chief executive officer. (Sec. 854) The bill limits the applicability of certain look-back review requirements for NRSOs. (Sec. 856) A person who sells or markets the products or services of an NRSO may provide certain material information relating to credit ratings to a person who determines or monitors credit ratings, so long as the information is not intended to influence credit-rating determinations. (Sec. 857) The bill repeals provisions of the Dodd-Frank Act that: authorize the SEC to engage in investor testing; authorize the SEC to restrict the use of mandatory pre-dispute arbitration; provide for equal treatment of SRO rules; with respect to short sales, establish specified public-disclosure and investor-notification requirements; prohibit manipulative short sales of securities; lessen requirements with respect to pleading state of mind in a private action against an NRSO; apply the fair disclosure rule (which requires publicly traded companies to disclose material information to all investors at the same time) to NRSOs; subject credit rating agencies to expert liability; require an issuer to make specified disclosures; prohibit covered financial institutions with assets in excess of $1 billion from using certain incentive-based payment arrangements that encourage inappropriate risks; require the SEC's Division of Trading and Markets to employ a staff of compliance examiners; allow the SEC to issue specified rules regarding proxy access; allow the SEC to require a registered national securities association to establish a fee to fund the Governmental Accounting Standards Board; direct the SEC to issue rules to increase the transparency of securities-lending information available to brokers, dealers, and investors; and establish a grant program to support state efforts to protect seniors from fraudulent marketing. (Sec. 858) In general, an investment adviser shall not be subject to registration and reporting requirements under the Investment Advisers Act of 1940 with respect to the provision of investment advice relating to a private equity fund. (Sec. 860) The bill expands the category of investors that may be considered "accredited investors" for purposes of participating in private offerings. (Sec. 862) The bill repeals provisions of the Dodd-Frank Act that require specified disclosures related to: (1) conflict minerals originating in the Democratic Republic of the Congo, (2) mine safety violations, (3) and payments to foreign governments by resource extraction issuers. Subtitle C--Harmonization of Derivatives Rules (Sec. 871) The SEC and the CFTC must review specified rules relating to swap markets. (Sec. 872) The bill exempts swap transactions between affiliates from swap rules issued by the SEC or the CFTC. TITLE IX--REPEAL OF THE VOLCKER RULE AND OTHER PROVISIONS (Sec. 901) The bill lifts the moratorium on the FDIC's provision of deposit insurance to industrial banks, credit-card banks, and certain trust banks. The bill eliminates the FRB's supervisory authority over securities holding companies. The bill repeals the "Volcker Rule," which prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private equity funds. Current law prohibits an underwriter, placement agent, initial purchaser, or sponsor of an asset-backed security from engaging, within one year after the first closing of the sale of the asset-backed security, in a transaction that would involve a material conflict of interest. The bill repeals this prohibition. TITLE X--FED OVERSIGHT REFORM AND MODERNIZATION (Sec. 1001) The bill amends the Federal Reserve Act to require the Federal Open Market Committee (FOMC) to, after each meeting, submit to Congress a Directive Policy Rule for open market operations that includes specified information and meets certain other requirements. (Sec. 1002) The bill restricts the type of public communications that FOMC members and staff may make regarding financial developments or monetary policy during a "blackout period" (i.e., a period extending from approximately one week before an FOMC meeting to approximately one day afterwards). (Sec. 1003) The FOMC must make full transcripts of its meetings available to the public. (Sec. 1004) The bill alters the membership of the FOMC. (Sec. 1005) The Chairman of the FRB must testify to Congress quarterly, rather than semiannually. (Sec. 1007) The bill: (1) subjects members and employees of the FRB to additional ethics standards as well as specified restrictions on financial interests, transactions and outside employment; (2) requires such members and employees to disclose all brokerage accounts and other accounts in which they have a financial interest; and (3) requires the FRB to publicly disclose salary information with respect to certain staff. (Sec. 1008) The bill limits the FRB's emergency-lending authority to cases in which the financial stability of the United States is threatened. Moreover, the FRB may not exercise its emergency-lending authority without the affirmative votes of at least nine Federal Reserve bank presidents. The FRB must issue specified rules regarding: (1) the collateral required to secure loans made under its emergency-lending authority, and (2) the minimum interest rate on loans made under its emergency-lending authority. A borrower shall be ineligible to borrow from an emergency-lending program unless the borrower is certified by the FRB and federal banking regulators as solvent. (Sec. 1010) The bill removes specified limitations on GAO audits of the FRB and Federal Reserve banks. (Sec. 1011) The bill establishes the Centennial Monetary Commission and tasks the commission with studying specified issues related to monetary policy. TITLE XI--IMPROVING INSURANCE COORDINATION THROUGH AN INDEPENDENT ADVOCATE (Sec. 1101) The bill: (1) eliminates the Federal Insurance Office, which is tasked under the Dodd-Frank Act to monitor the insurance sector; and (2) establishes the Office of the Independent Insurance Advocate, which is authorized under the bill to provide coordination and consultation with respect to insurance matters. (Sec. 1102) Before an agreement regarding prudential measures involving insurance or reinsurance may take effect, Treasury and the Office of the U.S. Trade Representative must publish and make available for public comment the proposed text of the agreement.
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Filing registrants (229)
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Received in the Senate.
Motion to reconsider laid on the table Agreed to without objection.
On passage Passed by the Yeas and Nays: 233 - 186 (Roll no. 299).
HousePassed/agreed to in House: On passage Passed by the Yeas and Nays: 233 - 186 (Roll no. 299).
HouseThe House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. (text of amendment in the nature of a substitute: CR H4731-4789)
The previous question was ordered pursuant to the rule. (consideration: CR H4801)
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 10.
Bills with similar content found using semantic analysis.
Sources: Congress.gov
2022 · fourth_quarter · Banking
Cryptocurrency, mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10- Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018- 0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. H.R. 5574, "Preserving Small Business Lending Act of 2020." H.R. 6116, "Consumer Financial Protection Commission Act." S. 3548, "CARES Act." H.R. 6379, "Take Responsibility for Workers and Families Act." H.R. 748, "CARES Act." S. 3990, "Financial Product Safety Commission Act of 2020." H.R. 6886, "Paycheck Protection Program Flexibility Act of 2020." H.R. 710, "Paycheck Protection Program Flexibility Act of 2020." S.4116, "Bill to extend Paycheck Protection Program..." H.R. 8087, "Bill to extend Paycheck Protection Program..." H.R. 7777, "Paycheck Protection Small Business Forgiveness Act." H.R. 8265, "To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program and for other purposes..." S. 4614, "Postal Banking Act." H.R. 8406, "HEROS Act." H.R. 7889, "Small Business Lending Disclosure and Broker Regulation Act of 2020." OCC "True Lender." OCC "National Bank and Federal Savings Association Digital Activities." H.R. 8215, "Improving Digital Identity Act of 2020." U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence. S. 4999, "Emergency Direct Payments for Families and Workers Act of 2020." H.R. 8893, "Coronavirus Assistance for Americans Families Act." S. 4927, EIDL Forgiveness Act." H.R. 8827, "Stablecoin Classification and Regulation Act of 2020." S. 4800, "The Heroes Act." H.R. 8721, "Public Banking Act of 2020." S.J. Res 15, "True Lender." H.J. Res 35, "True Lender." H.R. 296, "Financial Technology Protection Act." H.R. 1602, "Eliminate Barriers to Innovation Act of 2021." H.R. 1996, "SAFE Banking Act of 2021." H.R. 2561, "Promoting Access to Capital in Underbanked Communities Act of 2021." H.R. 5045, "Blockchain Certainty Act." H.R. 4741, "Digital Asset Market Structure and Investor Protection Act," S. 3906, "Small Business Broadband and Emerging Information Technology Enhancement Act of 2022," S. 3970, "Stablecoin Transparency Act," H.R. 7231, "ECASH Act," H.R. 5912, "Close the ILC Loophole Act," S. 4356, "Responsible Financial Innovation Act," H.R. 7614, "Digital Commodity Exchange Act of 2022," S. 3970, "Stablecoin Transparency Act, "H.R. 3425, "Saving Gig Economy Taxpayers Act." S. 4946, "Payments Modernization Act of 2022." S. 4760, "Digital Commodities Consumer Protection Act of 2022." H.R. 8874, "Credit Card Competition Act of 2022." S. 4674, "Credit Card Competition Act of 2022." S. 4831, "No CBDC Act."
Client expense: $410,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2022 · third_quarter · Banking
Cryptocurrency, mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10- Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018- 0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. H.R. 5574, "Preserving Small Business Lending Act of 2020." H.R. 6116, "Consumer Financial Protection Commission Act." S. 3548, "CARES Act." H.R. 6379, "Take Responsibility for Workers and Families Act." H.R. 748, "CARES Act." S. 3990, "Financial Product Safety Commission Act of 2020." H.R. 6886, "Paycheck Protection Program Flexibility Act of 2020." H.R. 710, "Paycheck Protection Program Flexibility Act of 2020." S.4116, "Bill to extend Paycheck Protection Program..." H.R. 8087, "Bill to extend Paycheck Protection Program..." H.R. 7777, "Paycheck Protection Small Business Forgiveness Act." H.R. 8265, "To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program and for other purposes..." S. 4614, "Postal Banking Act." H.R. 8406, "HEROS Act." H.R. 7889, "Small Business Lending Disclosure and Broker Regulation Act of 2020." OCC "True Lender." OCC "National Bank and Federal Savings Association Digital Activities." H.R. 8215, "Improving Digital Identity Act of 2020." U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence. S. 4999, "Emergency Direct Payments for Families and Workers Act of 2020." H.R. 8893, "Coronavirus Assistance for Americans Families Act." S. 4927, EIDL Forgiveness Act." H.R. 8827, "Stablecoin Classification and Regulation Act of 2020." S. 4800, "The Heroes Act." H.R. 8721, "Public Banking Act of 2020." S.J. Res 15, "True Lender." H.J. Res 35, "True Lender." H.R. 296, "Financial Technology Protection Act." H.R. 1602, "Eliminate Barriers to Innovation Act of 2021." H.R. 1996, "SAFE Banking Act of 2021." H.R. 2561, "Promoting Access to Capital in Underbanked Communities Act of 2021." H.R. 5045, "Blockchain Certainty Act." H.R. 4741, "Digital Asset Market Structure and Investor Protection Act," S. 3906, "Small Business Broadband and Emerging Information Technology Enhancement Act of 2022," S. 3970, "Stablecoin Transparency Act," H.R. 7231, "ECASH Act," H.R. 5912, "Close the ILC Loophole Act," S. 4356, "Responsible Financial Innovation Act," H.R. 7614, "Digital Commodity Exchange Act of 2022," S. 3970, "Stablecoin Transparency Act, "H.R. 3425, "Saving Gig Economy Taxpayers Act." S. 4946, "Payments Modernization Act of 2022." S. 4760, "Digital Commodities Consumer Protection Act of 2022." H.R. 8874, "Credit Card Competition Act of 2022." S. 4674, "Credit Card Competition Act of 2022." S. 4831, "No CBDC Act."
2022 · second_quarter · Insurance
Monitor implementation of the Federal Reserves insurance capital standards (Sec. 171 of the Dodd-Frank Act); HR 10, the Financial CHOICE Act; international insurance legislation; legislation in relation to Systemically Important Financial Institutions; negotiations involving insurance covered agreements; issues relating to the application of capital standards on globally active insurance companies; legislation relating to Section 913 in the Dodd-Frank Act.
Client expense: $450,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2022 · second_quarter · Banking
Cryptocurrency, mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10- Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018- 0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. H.R. 5574, "Preserving Small Business Lending Act of 2020." H.R. 6116, "Consumer Financial Protection Commission Act." S. 3548, "CARES Act." H.R. 6379, "Take Responsibility for Workers and Families Act." H.R. 748, "CARES Act." S. 3990, "Financial Product Safety Commission Act of 2020." H.R. 6886, "Paycheck Protection Program Flexibility Act of 2020." H.R. 710, "Paycheck Protection Program Flexibility Act of 2020." S.4116, "Bill to extend Paycheck Protection Program..." H.R. 8087, "Bill to extend Paycheck Protection Program..." H.R. 7777, "Paycheck Protection Small Business Forgiveness Act." H.R. 8265, "To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program and for other purposes..." S. 4614, "Postal Banking Act." H.R. 8406, "HEROS Act." H.R. 7889, "Small Business Lending Disclosure and Broker Regulation Act of 2020." OCC "True Lender." OCC "National Bank and Federal Savings Association Digital Activities." H.R. 8215, "Improving Digital Identity Act of 2020." U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence. S. 4999, "Emergency Direct Payments for Families and Workers Act of 2020." H.R. 8893, "Coronavirus Assistance for Americans Families Act." S. 4927, EIDL Forgiveness Act." H.R. 8827, "Stablecoin Classification and Regulation Act of 2020." S. 4800, "The Heroes Act." H.R. 8721, "Public Banking Act of 2020." S.J. Res 15, "True Lender." H.J. Res 35, "True Lender." H.R. 296, "Financial Technology Protection Act." H.R. 1602, "Eliminate Barriers to Innovation Act of 2021." H.R. 1996, "SAFE Banking Act of 2021." H.R. 2561, "Promoting Access to Capital in Underbanked Communities Act of 2021." H.R. 5045, "Blockchain Certainty Act." H.R. 4741, "Digital Asset Market Structure and Investor Protection Act," S. 3906, "Small Business Broadband and Emerging Information Technology Enhancement Act of 2022," S. 3970, "Stablecoin Transparency Act," H.R. 7231, "ECASH Act," H.R. 5912, "Close the ILC Loophole Act," S. 4356, "Responsible Financial Innovation Act," H.R. 7614, "Digital Commodity Exchange Act of 2022," S. 3970, "Stablecoin Transparency Act, "H.R. 3425, "Saving Gig Economy Taxpayers Act."
2022 · first_quarter · Insurance
Monitor implementation of the Federal Reserves insurance capital standards (Sec. 171 of the Dodd-Frank Act); HR 10, the Financial CHOICE Act; international insurance legislation; legislation in relation to Systemically Important Financial Institutions; negotiations involving insurance covered agreements; issues relating to the application of capital standards on globally active insurance companies; legislation relating to Section 913 in the Dodd-Frank Act.
Client expense: $780,000 · Firm income: Not reported
Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question on adoption of amendments which had been debated earlier and on which further proceedings had been postponed.
POSTPONED PROCEEDINGS - At the conclusion of debate on the Buck amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the ayes had prevailed. Mr. Ellison demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
DEBATE - Pursuant to the provisions of H. Res. 375, the Committee of the Whole proceeded with 10 minutes of debate on the Buck Part B amendment No. 6.
DEBATE - Pursuant to the provisions of H. Res. 375, the Committee of the Whole proceeded with 10 minutes of debate on the McSally Part B amendment No. 5.
POSTPONED PROCEEDINGS - At the conclusion of debate on the Faso amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the ayes had prevailed. Mr. Ellison demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
DEBATE - Pursuant to the provisions of H. Res. 375, the Committee of the Whole proceeded with 10 minutes of debate on the Faso Part B amendment No. 4.
DEBATE - Pursuant to the provisions of H. Res. 375, the Committee of the Whole proceeded with 10 minutes of debate on the Smucker Part B amendment No. 3.
POSTPONED PROCEEDINGS - At the conclusion of debate on the Hollingsworth amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the ayes had prevailed. Mr. Ellison demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
DEBATE - Pursuant to the provisions of H. Res. 375, the Committee of the Whole proceeded with 10 minutes of debate on the Hollingsworth Part B amendment No. 2.
POSTPONED PROCEEDINGS - At the conclusion of debate on the Hensarling amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the ayes had prevailed. Mr. Ellison demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
DEBATE - Pursuant to the provisions of H. Res. 375, the Committee of the Whole proceeded with 10 minutes of debate on the Hensarling Part B amendment No. 1.
GENERAL DEBATE - The Committee of the Whole proceeded with ninety minutes of general debate on H.R. 10.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 375 and Rule XVIII.
The Speaker designated the Honorable Steve Womack to act as Chairman of the Committee.
Rule provides for consideration of H.R. 10 with 1 hour and 30 minutes of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.
Considered under the provisions of rule H. Res. 375. (consideration: CR H4716-4802)
Rule H. Res. 375 passed House.
Rules Committee Resolution H. Res. 375 Reported to House. Rule provides for consideration of H.R. 10 with 1 hour and 30 minutes of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.
Supplemental report filed by the Committee on Financial Services, H. Rept. 115-153, Part II.
Congress.gov source codes: 5000, H12210
Placed on the Union Calendar, Calendar No. 100.
Committee on Education and the Workforce discharged.
Committee on Education and the Workforce discharged.
Committee on the Budget discharged.
Committee on the Budget discharged.
Committee on Rules discharged.
Committee on Rules discharged.
Committee on Transportation discharged.
Committee on Transportation discharged.
Committee on Oversight and Government discharged.
Committee on Oversight and Government discharged.
Committee on the Judiciary discharged.
Committee on the Judiciary discharged.
Committee on Ways and Means discharged.
Committee on Ways and Means discharged.
Committee on Agriculture discharged.
Committee on Agriculture discharged.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-153, Part I.
Congress.gov source codes: 5000, H12200
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 26.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Committee Hearings Held.
Referred to the Committee on Financial Services, and in addition to the Committees on Agriculture, Ways and Means, the Judiciary, Oversight and Government Reform, Transportation and Infrastructure, Rules, the Budget, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Congress.gov source codes: H11100, H11100-A
Introduced in House
Congress.gov source codes: 1000, Intro-H
| House |
| Discharged from |
| May 25, 2017 |
| Budget Committee | House | Discharged from | May 25, 2017 |
| Transportation and Infrastructure Committee | House | Discharged from | May 25, 2017 |
| Agriculture Committee | House | Discharged from | May 25, 2017 |
| Rules Committee | House | Discharged from | May 25, 2017 |
| Ways and Means Committee | House | Discharged from | May 25, 2017 |
| Education and the Workforce Committee | House | Discharged from | May 25, 2017 |
| Oversight and Accountability Committee | House | Discharged from | May 25, 2017 |
| Financial Services Committee | House | Markup by | May 4, 2017 |
| Agriculture Committee | House | Referred to | April 26, 2017 |
| Financial Services Committee | House | Hearings by | April 26, 2017 |
| Financial Services Committee | House | Referred to | April 26, 2017 |
| Education and the Workforce Committee | House | Referred to | April 26, 2017 |
| Budget Committee | House | Referred to | April 26, 2017 |
| Rules Committee | House | Referred to | April 26, 2017 |
| Transportation and Infrastructure Committee | House | Referred to | April 26, 2017 |
| Oversight and Accountability Committee | House | Referred to | April 26, 2017 |
| Judiciary Committee | House | Referred to | April 26, 2017 |
| Ways and Means Committee | House | Referred to | April 26, 2017 |
| April 26, 2017 |
| Republican |
| MO |
| Barry Loudermilk | Republican | GA |
| Bill Flores | Republican | TX |
| Bill Huizenga | Republican | MI |
| Bill Posey | Republican | FL |
| Blaine Luetkemeyer | Republican | MO |
| Claudia Tenney | Republican | NY |
| David A. Trott | Republican | MI |
| David Kustoff | Republican | TN |
| Edward R. Royce | Republican | CA |
| Gary J. Palmer | Republican | AL |
| J. French Hill | Republican | AR |
| Jim Banks | Republican | IN |
| Jodey C. Arrington | Republican | TX |
| Keith J. Rothfus | Republican | PA |
| Lee M. Zeldin | Republican | NY |
| Mac Thornberry | Republican | TX |
| Mark Meadows | Republican | NC |
| Mark Walker | Republican | NC |
| Mia B. Love | Republican | UT |
| Patrick T. McHenry | Republican | NC |
| Peter T. King | Republican | NY |
| Robert J. Wittman | Republican | VA |
| Robert Pittenger | Republican | NC |
| Roger Williams | Republican | TX |
| Ron Estes | Republican | KS |
| Scott R. Tipton | Republican | CO |
| Sean P. Duffy | Republican | WI |
| Stevan Pearce | Republican | NM |
| Steve Stivers | Republican | OH |
| Ted Budd | Republican | NC |
| Thomas MacArthur | Republican | NJ |
| Tom Emmer | Republican | MN |
| Tom McClintock | Republican | CA |
| Trent Franks | Republican | AZ |
| Trey Hollingsworth | Republican | IN |
| Warren Davidson | Republican | OH |
| S 488 |
115th |
| Related bill |
| S 416 | 115th | Related bill |
| S 3733 | 115th | Related bill |
| S 370 | 115th | Related bill |
| S 3518 | 115th | Related bill |
| S 327 | 115th | Related bill |
| S 310 | 115th | Related bill |
| S 3070 | 115th | Related bill |
| S 2155 | 115th | Related bill |
| S 2126 | 115th | Related bill |
| S 2013 | 115th | Related bill |
| S 1753 | 115th | Related bill |
| S 1751 | 115th | Related bill |
| HRES 375 | 115th | Procedurally-related |
| HR 910 | 115th | Related bill |
| HR 79 | 115th | Related bill |
| HR 5877 | 115th | Related bill |
| HR 5756 | 115th | Related bill |
| HR 5614 | 115th | Related bill |
| HR 5054 | 115th | Related bill |
| HR 5051 | 115th | Related bill |
| HR 4791 | 115th | Related bill |
| HR 4771 | 115th | Related bill |
| HR 477 | 115th | Related bill |
| HR 4758 | 115th | Related bill |
| HR 4756 | 115th | Related bill |
| HR 4755 | 115th | Related bill |
| HR 4753 | 115th | Related bill |
| HR 4738 | 115th | Related bill |
| HR 4545 | 115th | Related bill |
| HR 4529 | 115th | Related bill |
| HR 4517 | 115th | Related bill |
| HR 4452 | 115th | Related bill |
| HR 4319 | 115th | Related bill |
| HR 4302 | 115th | Related bill |
| HR 4296 | 115th | Related bill |
| HR 4294 | 115th | Related bill |
| HR 4292 | 115th | Related bill |
| HR 4279 | 115th | Related bill |
| HR 4267 | 115th | Related bill |
| HR 4263 | 115th | Related bill |
| HR 4248 | 115th | Related bill |
| HR 4247 | 115th | Related bill |
| HR 4015 | 115th | Related bill |
| HR 3978 | 115th | Related bill |
| HR 3973 | 115th | Related bill |
| HR 3971 | 115th | Related bill |
| HR 3950 | 115th | Related bill |
| HR 3948 | 115th | Related bill |
| HR 3903 | 115th | Related bill |
| HR 3601 | 115th | Related bill |
| HR 2954 | 115th | Related bill |
| HR 2948 | 115th | Related bill |
| HR 2706 | 115th | Related bill |
| HR 24 | 115th | Related bill |
| HR 2255 | 115th | Related bill |
| HR 2226 | 115th | Related bill |
| HR 2204 | 115th | Related bill |
| HR 2201 | 115th | Related bill |
| HR 2128 | 115th | Related bill |
| HR 1948 | 115th | Related bill |
| HR 1699 | 115th | Related bill |
| HR 1667 | 115th | Related bill |
| HR 1645 | 115th | Related bill |
| HR 1637 | 115th | Related bill |
| HR 1426 | 115th | Related bill |
| HR 1343 | 115th | Related bill |
| HR 1312 | 115th | Related bill |
| HR 1257 | 115th | Related bill |
| HR 1153 | 115th | Related bill |
| HR 1116 | 115th | Related bill |
| HR 1031 | 115th | Related bill |
Client expense: $410,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
Client expense: $410,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2022 · first_quarter · Banking
Cryptocurrency, mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10- Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018- 0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. H.R. 5574, "Preserving Small Business Lending Act of 2020." H.R. 6116, "Consumer Financial Protection Commission Act." S. 3548, "CARES Act." H.R. 6379, "Take Responsibility for Workers and Families Act." H.R. 748, "CARES Act." S. 3990, "Financial Product Safety Commission Act of 2020." H.R. 6886, "Paycheck Protection Program Flexibility Act of 2020." H.R. 710, "Paycheck Protection Program Flexibility Act of 2020." S.4116, "Bill to extend Paycheck Protection Program..." H.R. 8087, "Bill to extend Paycheck Protection Program..." H.R. 7777, "Paycheck Protection Small Business Forgiveness Act." H.R. 8265, "To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program and for other purposes..." S. 4614, "Postal Banking Act." H.R. 8406, "HEROS Act." H.R. 7889, "Small Business Lending Disclosure and Broker Regulation Act of 2020." OCC "True Lender." OCC "National Bank and Federal Savings Association Digital Activities." H.R. 8215, "Improving Digital Identity Act of 2020." U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence. S. 4999, "Emergency Direct Payments for Families and Workers Act of 2020." H.R. 8893, "Coronavirus Assistance for Americans Families Act." S. 4927, EIDL Forgiveness Act." H.R. 8827, "Stablecoin Classification and Regulation Act of 2020." S. 4800, "The Heroes Act." H.R. 8721, "Public Banking Act of 2020." S.J. Res 15, "True Lender." H.J. Res 35, "True Lender." H.R. 296, "Financial Technology Protection Act." H.R. 1602, "Eliminate Barriers to Innovation Act of 2021." H.R. 1996, "SAFE Banking Act of 2021." H.R. 2561, "Promoting Access to Capital in Underbanked Communities Act of 2021." H.R. 5045, "Blockchain Certainty Act." H.R. 4741, "Digital Asset Market Structure and Investor Protection Act," S. 3906, "Small Business Broadband and Emerging Information Technology Enhancement Act of 2022," S. 3970, "Stablecoin Transparency Act," H.R. 7231, "ECASH Act."
Client expense: $410,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2022 · first_quarter · Banking
Cryptocurrency, mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018- 0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. H.R. 5574, "Preserving Small Business Lending Act of 2020." H.R. 6116, "Consumer Financial Protection Commission Act." S. 3548, "CARES Act." H.R. 6379, "Take Responsibility for Workers and Families Act." H.R. 748, "CARES Act." S. 3990, "Financial Product Safety Commission Act of 2020." H.R. 6886, "Paycheck Protection Program Flexibility Act of 2020." H.R. 710, "Paycheck Protection Program Flexibility Act of 2020." S.4116, "Bill to extend Paycheck Protection Program..." H.R. 8087, "Bill to extend Paycheck Protection Program..." H.R. 7777, "Paycheck Protection Small Business Forgiveness Act." H.R. 8265, "To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program and for other purposes..." S. 4614, "Postal Banking Act." H.R. 8406, "HEROS Act." H.R. 7889, "Small Business Lending Disclosure and Broker Regulation Act of 2020." OCC "True Lender." OCC "National Bank and Federal Savings Association Digital Activities." H.R. 8215, "Improving Digital Identity Act of 2020." U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence. S. 4999, "Emergency Direct Payments for Families and Workers Act of 2020." H.R. 8893, "Coronavirus Assistance for Americans Families Act." S. 4927, EIDL Forgiveness Act." H.R. 8827, "Stablecoin Classification and Regulation Act of 2020." S. 4800, "The Heroes Act." H.R. 8721, "Public Banking Act of 2020." S.J. Res 15, "True Lender." H.J. Res 35, "True Lender." H.R. 296, "Financial Technology Protection Act." H.R. 1602, "Eliminate Barriers to Innovation Act of 2021." H.R. 1996, "SAFE Banking Act of 2021." H.R. 2561, "Promoting Access to Capital in Underbanked Communities Act of 2021." H.R. 5045, "Blockchain Certainty Act." H.R. 4741, "Digital Asset Market Structure and Investor Protection Act," S. 3906, "Small Business Broadband and Emerging Information Technology Enhancement Act of 2022," S. 3970, "Stablecoin Transparency Act," H.R. 7231, "ECASH Act."
Client expense: $410,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2021 · fourth_quarter · Insurance
Monitor implementation of the Federal Reserves insurance capital standards (Sec. 171 of the Dodd-Frank Act); HR 10, the Financial CHOICE Act; international insurance legislation; legislation in relation to Systemically Important Financial Institutions; negotiations involving insurance covered agreements; issues relating to the application of capital standards on globally active insurance companies; legislation relating to Section 913 in the Dodd-Frank Act.
Client expense: $990,000 · Firm income: Not reported
Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2021 · fourth_quarter · Banking
Cryptocurrency, mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018- 0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. H.R. 5574, "Preserving Small Business Lending Act of 2020." H.R. 6116, "Consumer Financial Protection Commission Act." S. 3548, "CARES Act." H.R. 6379, "Take Responsibility for Workers and Families Act." H.R. 748, "CARES Act." S. 3990, "Financial Product Safety Commission Act of 2020." H.R. 6886, "Paycheck Protection Program Flexibility Act of 2020." H.R. 710, "Paycheck Protection Program Flexibility Act of 2020." S.4116, "Bill to extend Paycheck Protection Program..." H.R. 8087, "Bill to extend Paycheck Protection Program..." H.R. 7777, "Paycheck Protection Small Business Forgiveness Act." H.R. 8265, "To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program and for other purposes..." S. 4614, "Postal Banking Act." H.R. 8406, "HEROS Act." H.R. 7889, "Small Business Lending Disclosure and Broker Regulation Act of 2020." OCC "True Lender." OCC "National Bank and Federal Savings Association Digital Activities." H.R. 8215, "Improving Digital Identity Act of 2020." U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence. S. 4999, "Emergency Direct Payments for Families and Workers Act of 2020." H.R. 8893, "Coronavirus Assistance for Americans Families Act." S. 4927, EIDL Forgiveness Act." H.R. 8827, "Stablecoin Classification and Regulation Act of 2020." S. 4800, "The Heroes Act." H.R. 8721, "Public Banking Act of 2020." S.J. Res 15, "True Lender." H.J. Res 35, "True Lender." H.R. 296, "Financial Technology Protection Act." H.R. 1602, "Eliminate Barriers to Innovation Act of 2021." H.R. 1996, "SAFE Banking Act of 2021." H.R. 2561, "Promoting Access to Capital in Underbanked Communities Act of 2021." H.R. 5045, "Blockchain Certainty Act." H.R. 4741, "Digital Asset Market Structure and Investor Protection Act."
Client expense: $410,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2021 · third_quarter · Insurance
Monitor implementation of the Federal Reserves insurance capital standards (Sec. 171 of the Dodd-Frank Act); HR 10, the Financial CHOICE Act; international insurance legislation; legislation in relation to Systemically Important Financial Institutions; negotiations involving insurance covered agreements; issues relating to the application of capital standards on globally active insurance companies; legislation relating to Section 913 in the Dodd-Frank Act.
Client expense: $620,000 · Firm income: Not reported
Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2021 · third_quarter · Banking
Mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018- 0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. H.R. 5574, "Preserving Small Business Lending Act of 2020." H.R. 6116, "Consumer Financial Protection Commission Act." S. 3548, "CARES Act." H.R. 6379, "Take Responsibility for Workers and Families Act." H.R. 748, "CARES Act." S. 3990, "Financial Product Safety Commission Act of 2020." H.R. 6886, "Paycheck Protection Program Flexibility Act of 2020." H.R. 710, "Paycheck Protection Program Flexibility Act of 2020." S.4116, "Bill to extend Paycheck Protection Program..." H.R. 8087, "Bill to extend Paycheck Protection Program..." H.R. 7777, "Paycheck Protection Small Business Forgiveness Act." H.R. 8265, "To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program and for other purposes..." S. 4614, "Postal Banking Act." H.R. 8406, "HEROS Act." H.R. 7889, "Small Business Lending Disclosure and Broker Regulation Act of 2020." OCC "True Lender." OCC "National Bank and Federal Savings Association Digital Activities." H.R. 8215, "Improving Digital Identity Act of 2020." U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence. S. 4999, "Emergency Direct Payments for Families and Workers Act of 2020." H.R. 8893, "Coronavirus Assistance for Americans Families Act." S. 4927, EIDL Forgiveness Act." H.R. 8827, "Stablecoin Classification and Regulation Act of 2020." S. 4800, "The Heroes Act." H.R. 8721, "Public Banking Act of 2020." S.J. Res 15, "True Lender." H.J. Res 35, "True Lender." H.R. 296, "Financial Technology Protection Act." H.R. 1602, "Eliminate Barriers to Innovation Act of 2021." H.R. 1996, "SAFE Banking Act of 2021." H.R. 2561, "Promoting Access to Capital in Underbanked Communities Act of 2021." H.R. 5045, "Blockchain Certainty Act."
Client expense: $230,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2021 · second_quarter · Insurance
Monitor implementation of the Federal Reserves insurance capital standards (Sec. 171 of the Dodd-Frank Act); HR 10, the Financial CHOICE Act; international insurance legislation; legislation in relation to Systemically Important Financial Institutions; negotiations involving insurance covered agreements; issues relating to the application of capital standards on globally active insurance companies; legislation relating to Section 913 in the Dodd-Frank Act.
Client expense: $460,000 · Firm income: Not reported
Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2021 · second_quarter · Banking
Mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018- 0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. H.R. 5574, "Preserving Small Business Lending Act of 2020." H.R. 6116, "Consumer Financial Protection Commission Act." S. 3548, "CARES Act." H.R. 6379, "Take Responsibility for Workers and Families Act." H.R. 748, "CARES Act." S. 3990, "Financial Product Safety Commission Act of 2020." H.R. 6886, "Paycheck Protection Program Flexibility Act of 2020." H.R. 710, "Paycheck Protection Program Flexibility Act of 2020." S.4116, "Bill to extend Paycheck Protection Program..." H.R. 8087, "Bill to extend Paycheck Protection Program..." H.R. 7777, "Paycheck Protection Small Business Forgiveness Act." H.R. 8265, "To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program and for other purposes..." S. 4614, "Postal Banking Act." H.R. 8406, "HEROS Act." H.R. 7889, "Small Business Lending Disclosure and Broker Regulation Act of 2020." OCC "True Lender." OCC "National Bank and Federal Savings Association Digital Activities." H.R. 8215, "Improving Digital Identity Act of 2020." U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence. S. 4999, "Emergency Direct Payments for Families and Workers Act of 2020." H.R. 8893, "Coronavirus Assistance for Americans Families Act." S. 4927, EIDL Forgiveness Act." H.R. 8827, "Stablecoin Classification and Regulation Act of 2020." S. 4800, "The Heroes Act." H.R. 8721, "Public Banking Act of 2020." S.J. Res 15, "True Lender." H.J. Res 35, "True Lender." H.R. 296, "Financial Technology Protection Act." H.R. 1602, "Eliminate Barriers to Innovation Act of 2021." H.R. 1996, "SAFE Banking Act of 2021." H.R. 2561, "Promoting Access to Capital in Underbanked Communities Act of 2021."
Client expense: $230,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2021 · first_quarter · Banking
Mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018- 0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. H.R. 5574, "Preserving Small Business Lending Act of 2020." H.R. 6116, "Consumer Financial Protection Commission Act." S. 3548, "CARES Act." H.R. 6379, "Take Responsibility for Workers and Families Act." H.R. 748, "CARES Act." S. 3990, "Financial Product Safety Commission Act of 2020." H.R. 6886, "Paycheck Protection Program Flexibility Act of 2020." H.R. 710, "Paycheck Protection Program Flexibility Act of 2020." S.4116, "Bill to extend Paycheck Protection Program..." H.R. 8087, "Bill to extend Paycheck Protection Program..." H.R. 7777, "Paycheck Protection Small Business Forgiveness Act." H.R. 8265, "To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program and for other purposes..." S. 4614, "Postal Banking Act." H.R. 8406, "HEROS Act." H.R. 7889, "Small Business Lending Disclosure and Broker Regulation Act of 2020." OCC "True Lender." OCC "National Bank and Federal Savings Association Digital Activities." H.R. 8215, "Improving Digital Identity Act of 2020." U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence. S. 4999, "Emergency Direct Payments for Families and Workers Act of 2020." H.R. 8893, "Coronavirus Assistance for Americans Families Act." S. 4927, EIDL Forgiveness Act." H.R. 8827, "Stablecoin Classification and Regulation Act of 2020." S. 4800, "The Heroes Act." H.R. 8721, "Public Banking Act of 2020." S.J. Res 15, "True Lender." H.J. Res 35, "True Lender." H.R. 296, "Financial Technology Protection Act." H.R. 1602, "Eliminate Barriers to Innovation Act of 2021." H.R. 1996, "SAFE Banking Act of 2021."
Client expense: $230,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2021 · first_quarter · Insurance
Monitor implementation of the Federal Reserves insurance capital standards (Sec. 171 of the Dodd-Frank Act); HR 10, the Financial CHOICE Act; international insurance legislation; legislation in relation to Systemically Important Financial Institutions; negotiations involving insurance covered agreements; issues relating to the application of capital standards on globally active insurance companies; legislation relating to Section 913 in the Dodd-Frank Act.
Client expense: $730,000 · Firm income: Not reported
Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2020 · fourth_quarter · Banking
Mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018-0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. H.R. 5574, "Preserving Small Business Lending Act of 2020." H.R. 6116, "Consumer Financial Protection Commission Act." S. 3548, "CARES Act." H.R. 6379, "Take Responsibility for Workers and Families Act." H.R. 748, "CARES Act." S. 3990, "Financial Product Safety Commission Act of 2020." H.R. 6886, "Paycheck Protection Program Flexibility Act of 2020." H.R. 710, "Paycheck Protection Program Flexibility Act of 2020." S.4116, "Bill to extend Paycheck Protection Program..." H.R. 8087, "Bill to extend Paycheck Protection Program..." H.R. 7777, "Paycheck Protection Small Business Forgiveness Act." H.R. 8265, "To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program and for other purposes..." S. 4614, "Postal Banking Act." H.R. 8406, "HEROS Act." H.R. 7889, "Small Business Lending Disclosure and Broker Regulation Act of 2020." OCC "True Lender." OCC "National Bank and Federal Savings Association Digital Activities." H.R. 8215, "Improving Digital Identity Act of 2020." U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence. S. 4999, "Emergency Direct Payments for Families and Workers Act of 2020." H.R. 8893, "Coronavirus Assistance for Americans Families Act." S. 4927, EIDL Forgiveness Act." H.R. 8827, "Stablecoin Classification and Regulation Act of 2020." S. 4800, "The Heroes Act." H.R. 8721, "Public Banking Act of 2020."
Client expense: $230,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2020 · fourth_quarter · Insurance
Issues related to the regulation of insurance products. H.R. 10 - the Financial CHOICE Act of 2017. Issues related to the risk management of credit unions. H.R.3746 - Business of Insurance Regulatory Reform Act of 2017 and S. 2702 - Business of Insurance Regulatory Reform Act of 2017. Implementation of H.R. 748 - the Coronavirus Aid, Relief, and Economic Security (CARES) Act, specifically additional funding for CDFIs and MDIs via the Emergency Capital Investment Program and the Community Development Financial Institutions Fund, and related restrictions on interest rate calculations. Classification of insurance companies as essential during COVID-19 shelter-at-home orders.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2020 · third_quarter · Insurance
Issues related to the regulation of insurance products. H.R. 10 - the Financial CHOICE Act of 2017. Issues related to the risk management of credit unions. H.R.3746 - Business of Insurance Regulatory Reform Act of 2017 and S. 2702 - Business of Insurance Regulatory Reform Act of 2017. Implementation of H.R. 748 - the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Classification of insurance companies as essential during COVID-19 shelter-at-home orders.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2020 · third_quarter · Banking
Mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018-0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. H.R. 5574, "Preserving Small Business Lending Act of 2020." H.R. 6116, "Consumer Financial Protection Commission Act." S. 3548, "CARES Act." H.R. 6379, "Take Responsibility for Workers and Families Act." H.R. 748, "CARES Act." S. 3990, "Financial Product Safety Commission Act of 2020." H.R. 6886, "Paycheck Protection Program Flexibility Act of 2020." H.R. 710, "Paycheck Protection Program Flexibility Act of 2020." S.4116, "Bill to extend Paycheck Protection Program..." H.R. 8087, "Bill to extend Paycheck Protection Program..." H.R. 7777, "Paycheck Protection Small Business Forgiveness Act." H.R. 8265, "To amend the Small Business Act and the CARES Act to establish a program for second draw loans and make other modifications to the paycheck protection program and for other purposes..." S. 4614, "Postal Banking Act." H.R. 8406, "HEROS Act." H.R. 7889, "Small Business Lending Disclosure and Broker Regulation Act of 2020." OCC "True Lender." OCC "National Bank and Federal Savings Association Digital Activities." H.R. 8215, "Improving Digital Identity Act of 2020." U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence.
Client expense: $280,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2020 · second_quarter · Insurance
Issues related to the regulation of insurance products. H.R. 10 - the Financial CHOICE Act of 2017. Issues related to the risk management of credit unions. H.R.3746 - Business of Insurance Regulatory Reform Act of 2017 and S. 2702 - Business of Insurance Regulatory Reform Act of 2017. Implementation of H.R. 748 - the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Classification of insurance companies as essential during COVID-19 shelter-at-home orders.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2020 · second_quarter · Banking
Mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018-0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. H.R. 5574, "Preserving Small Business Lending Act of 2020." H.R. 6116, "Consumer Financial Protection Commission Act." S. 3548, "CARES Act." H.R. 6379, "Take Responsibility for Workers and Families Act." H.R. 748, "CARES Act." S. 3990, "Financial Product Safety Commission Act of 2020." H.R. 6886, "Paycheck Protection Program Flexibility Act of 2020." H.R. 710, "Paycheck Protection Program Flexibility Act of 2020." S.4116, "Bill to extend Paycheck Protection Program...: U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence.
Client expense: $300,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2020 · first_quarter · Insurance
Issues related to the regulation of insurance products. H.R. 10 - the Financial CHOICE Act of 2017. Issues related to the risk management of credit unions. H.R.3746 - Business of Insurance Regulatory Reform Act of 2017 and S. 2702 - Business of Insurance Regulatory Reform Act of 2017. Implementation of H.R. 748 - the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Classification of insurance companies as essential during COVID-19 shelter-at-home orders.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2020 · first_quarter · Insurance
Issues related to the regulation of insurance products. H.R. 10 - the Financial CHOICE Act of 2017. Issues related to the risk management of credit unions. H.R.3746 - Business of Insurance Regulatory Reform Act of 2017 and S. 2702 - Business of Insurance Regulatory Reform Act of 2017. Implementation of H.R. 748 - the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Classification of insurance companies as essential during COVID-19 shelter-at-home orders.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2020 · first_quarter · Banking
Mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018-0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. H.R. 5574, "Preserving Small Business Lending Act of 2020." H.R. 6116, "Consumer Financial Protection Commission Act." S. 3548, "CARES Act." H.R. 6379, "Take Responsibility for Workers and Families Act." H.R. 748, "CARES Act." U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence.
Client expense: $310,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2019 · fourth_quarter · Insurance
Issues related to the regulation of insurance products. H.R. 10 - the Financial CHOICE Act of 2017. Issues related to the risk management of credit unions. H.R.3746 - Business of Insurance Regulatory Reform Act of 2017 and S. 2702 - Business of Insurance Regulatory Reform Act of 2017
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2019 · fourth_quarter · Banking
Mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018-0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. H.R. 4813, Keep Big Tech Out of Finance Act. S. 2839, Eliminating Corporate Shadow Banking Act of 2019. S. 1951, Designing Accounting Safeguards To Help Broaden Oversight and Regulations on Data. U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence.
Client expense: $330,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2019 · third_quarter · Insurance
Issues related to the regulation of insurance products. H.R. 10 - the Financial CHOICE Act of 2017. Issues related to the risk management of credit unions. H.R.3746 - Business of Insurance Regulatory Reform Act of 2017 and S. 2702 - Business of Insurance Regulatory Reform Act of 2017
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2019 · third_quarter · Banking
Mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018-0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence.
Client expense: $300,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2019 · second_quarter · Insurance
H.R. 492 End Unnecessary Borrowing Act of 2017 H.R. 517 Ensure Fair Prices in Title Insurance Act of 2017 H.R. 851 Housing Financial Literacy Act of 2017 H.R. 1422 Flood Insurance Market Parity and Modernization Act H.R. 1423 National Flood Insurance Program Reauthorization and Improvement Act of 2017 H.R. 1558 Repeatedly Flooded Communities Preparation Act H.R. 10 Financial CHOICE Act of 2017 H.R. 2868 National Flood Insurance Program Policyholder Protection Act of 2017 H.R. 2875 National Flood Insurance Program Administrative Reform Act H.R. 2874 21st Century Flood Reform Act H.R. 3167 H.R. 2157 Supplemental Appropriations Act of 2019 H.R. 2578 National Flood Insurance Program Extension Act of 2019 S. 563 Flood Insurance Market Parity and Modernization Act S. 1313 Flood Insurance Affordability and Sustainability Act of 2017 S. 1368 Sustainable, Affordable, Fair and Efficient National Flood Insurance Program Reauthorization Act (SAFE NFIP) 2017
Client expense: $915,902 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE, Treasury, Dept of
2019 · second_quarter · Insurance
Issues related to the regulation of insurance products. H.R. 10 - the Financial CHOICE Act of 2017. Issues related to the risk management of credit unions. H.R.3746 - Business of Insurance Regulatory Reform Act of 2017 and S. 2702 - Business of Insurance Regulatory Reform Act of 2017
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
2019 · second_quarter · Banking
1. H.R.10 - 115th Congress (2017-2018): Financial CHOICE Act of 2017 2. Inclusion and Representation in Financial Services, MMI 3. Housing Finance Reform
Client expense: $50,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), General Services Administration (GSA), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE
2019 · second_quarter · Accounting
1. Dodd-Frank: Policy Regulation 2. H.R.10 - 115th Congress (2017-2018): Financial CHOICE Act of 2017 This bill repeals provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and other laws. Any rule that was issued or revised pursuant to a provision repealed by the bill is nullified
Client expense: $50,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), General Services Administration (GSA), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE
2019 · second_quarter · Banking
Mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018-0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04). S. 1200, Secure And Fair Enforcement Banking Act of 2019. U.S. House Committee on Financial Services' Task Force on Financial Technology and Task Force on Artificial Intelligence.
Client expense: $330,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2019 · first_quarter · Banking
Mobile payments, fraud, data security, data storage, open banking, regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act. H.R. 6743, Consumer Information Notification Requirement Act. H.R. 6850, Financial Reporting Threshold Modernization Act. "Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments, Request for Comments" (Docket # OP-1625). OCC ANPR "Reforming the Community Reinvestment Act Regulatory Framework" (Docket # OCC-2018-0008). H.R. 1595, "SAFE Banking Act of 2019". FDIC Request for Information on Small-Dollar Lending (Docket No. RIN 3064-ZA04).
Client expense: $290,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2019 · first_quarter · Insurance
Issues related to the regulation of insurance products. H.R. 10 - the Financial CHOICE Act of 2017. Issues related to the risk management of credit unions. H.R.3746 - Business of Insurance Regulatory Reform Act of 2017 and S. 2702 - Business of Insurance Regulatory Reform Act of 2017
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · first_quarter · Accounting
1. Dodd-Frank: Policy Regulation 2. H.R.10 - 115th Congress (2017-2018): Financial CHOICE Act of 2017 This bill repeals provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and other laws. Any rule that was issued or revised pursuant to a provision repealed by the bill is nullified
Client expense: $40,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), General Services Administration (GSA), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE
2019 · first_quarter · Banking
1. H.R.10 - 115th Congress (2017-2018): Financial CHOICE Act of 2017 2. Inclusion and Representation in Financial Services, MMI 3. Housing Finance Reform
Client expense: $40,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), General Services Administration (GSA), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE
2019 · first_quarter · Insurance
H.R. 492 End Unnecessary Borrowing Act of 2017 H.R. 517 Ensure Fair Prices in Title Insurance Act of 2017 H.R. 851 Housing Financial Literacy Act of 2017 H.R. 1422 Flood Insurance Market Parity and Modernization Act H.R. 1423 National Flood Insurance Program Reauthorization and Improvement Act of 2017 H.R. 1558 Repeatedly Flooded Communities Preparation Act H.R. 10 Financial CHOICE Act of 2017 H.R. 2868 National Flood Insurance Program Policyholder Protection Act of 2017 H.R. 2875 National Flood Insurance Program Administrative Reform Act H.R. 2874 21st Century Flood Reform Act S. 563 Flood Insurance Market Parity and Modernization Act S. 1313 Flood Insurance Affordability and Sustainability Act of 2017 S. 1368 Sustainable, Affordable, Fair and Efficient National Flood Insurance Program Reauthorization Act (SAFE NFIP) 2017
Client expense: $678,392 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE, Treasury, Dept of
2018 · first_quarter · Banking
Mobile payments, fraud, data security, data storage regulatory reform, tax reporting, payments systems, cyber-security, financial services, merchant cash advances, privacy, the Federal Reserve and big data, CFPB prepaid products rule (Prepaid Accounts Under Direct Electronic Transfer Act {Regulation E} and the Truth in Lending Act), Federal Reserve Secure Payments Task Force, Marketplace lending, H.R. 10-Financial Choice Act of 2017, H.J. Res. 62/72-Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, S.J.Res.19 - A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, H. R. 1801-To delay the effective date of the final rule of the Bureau of Consumer Financial Protection titled Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z)", S. 387-Consumer Financial Protection Bureau Accountability Act of 2017, S. 626-CFPB-IG Act of 2017. Fiscal Year 2018 Financial Services and General Government Appropriations Bill. CFPB Governance Structure. H.J.Res. 111, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements." S.J.Res. 47, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements". H.R. 4439, Modernizing Credit Opportunities Act of 2017. H.R. 3299, Protecting Consumers' Access to Credit Act of 2017. S. 1642, Protecting Consumers' Access to Credit Act of 2017. H.R. 3354, Make America Secure & Prosperous Appropriations Act.
Client expense: $360,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Council of Economic Advisers (CEA), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), Financial Crimes Enforcement Network (FinCEN), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2018 · fourth_quarter · Financial Institutions/Investments/Securities
Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III S. 223/H.R. 3758 - Senior$afe Act of 2017. This bill will provide immunity from suit for certain individuals who disclose potential examples of financial exploitation of senior citizens. Issue: protecting seniors financial security. S. 2155 Economic Growth, Regulatory Relief, and Consumer Protection Act. Issue: Implementation and regulatory reform of the financial services industry. S. 488 JOBS and Investor Confidence Act of 2018. Issue: Implementation and regulatory reform of the financial services industry. H.R. 10 -- Financial CHOICE Act. Issue: Implementation and regulatory reform of the financial services industry. H.R. 3110/S. 1463 - A bill to amend the Financial Stability Act of 2010 to modify the term of the independent member of the Financial Stability Oversight Council. Issue: Dodd-Frank Act reform. S. 1360 - International Insurance Capital Standards Accountability Act of 2017. Issue: international insurance standards. H.R. 3762 - International Insurance Standards Act of 2017. Issue: international insurance standards. H.R. 4537 - International Insurance Standards Act of 2017. Issue: international insurance standards. H.R. 3857 - Protecting Advice for Small Savers (PASS) Act of 2017. Issue: Establishing a best interest standard for financial advisors and fiduciary rule. H.R. 3861 - Federal Insurance Office Reform Act of 2017. Issue: FIO reform. H.R. 4483 - Federal Insurance Office Abolishment Act of 2017. Issue: FIO reform. H.R. 5323 - Derivatives Fairness Act. Issue: establish an exemption from the credit valuation adjustment calculation for uncleared derivatives transactions with end-users. H.R. 1625 - Consolidated Appropriations Act of 2018. Issue: postal reform. H.R.___/S.___ - Financial Services and General Government Appropriations Act. Making appropriations for financial services and general government for the fiscal year ending September 30, 2019, and for other purposes. Issue: Global insurance standards; SIFI de-risking. H.R.__ - Draft legislation regarding the designations or titles of financial professionals. Issue: Unclaimed life insurance products. No bill number assigned. Issue: Covered agreement on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned. Issue: Whole or universal life insurance premiums. Issue: Swap margin rule. The rule establishes margin requirements for swaps not cleared through a clearinghouse. No bill number assigned. Tracking: H.R. 985 - Fairness in Class Action Litigation and Furthering Asbestos Claim Transparency Act of 2017. The bill would amend the procedures used in Federal court class actions and multidistrict litigation proceedings to assure fairer, more efficient outcomes for claimants and defendants. Issue: tort reform. H.R. 756 - Postal Service Reform Act of 2017. This bill would restore the financial solvency and improve the governance of the U.S. Postal Service in order to ensure the efficient and affordable nationwide delivery of mail. Issue: postal reform. H.R. 1303/S. 180 - H-1B and L-1 Visa Reform Act of 2017. This bill would amend the Immigration and Nationality Act to reform and reduce fraud and abuse in certain visa programs for aliens working temporarily in the U.S. Issue: immigration reform. H.R. 1226/S. 447 - Justice for Uncompensated Survivors Today (JUST) Act of 2017. This bill would require reporting on acts of certain foreign countries on Holocaust era assets and related issues. Issue: Holocaust era insurance claims. H.R. 762/S.258 - Holocaust Insurance Accountability Act of 2017. This bill would provide for the restoration of legal rights for claimants under holocaust-era insurance policies.
Client expense: $1,024,543 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Government Issues
Legislation H.R. 469/S. 119 - Sunshine for Regulatory Decrees and Settlements Act of 2017 H.R. 10 - Financial CHOICE Act of 2017 H.R. 725 - The Innocent Party Protection Act H.R. 720/S. 237 - Lawsuit Abuse Reduction Act of 2017 H.R. 26/S. 21 - Regulations from the Executive in Need of Scrutiny Act of 2017 H.R. 985 - Fairness in Class Action Litigation and Furthering Asbestos Claim Transparency Act of 2017 H.R. 906 - Furthering Asbestos Claim Transparency Act of 2017 H.R. 953 - Reducing Regulatory Burdens Act of 2017 H.R 725 - Innocent Party Protection Act H.R. 1215 - Protecting Access to Care Act of 2017 H.R. 1704 - ACCESS Act of 2017 H.R. 1179 - Discouraging Frivolous Lawsuits Act H.R 1004 - Regulatory Integrity Act of 2017 HR 1009 - OIRA Insight, Reform, and Accountability Act H.R. 5 - Regulatory Accountability Act of 2017 H.R. 21/S. 34 - Midnight Rules Relief Act of 2017 H.R. 998 - Searching for and Cutting Regulations that are Unnecessarily Burdensome (SCRUB) Act H.R. 1430 - Honest and Open New EPA Science Treatment (HONEST) Act of 2017 H.R. 1 - Tax Cuts and Jobs Act (115th Congress, 2017-2018), Public law no. 115-97 HR 3117 - Transparency and Honesty in Energy Regulations Act of 2017 HR 732/ S. 333 - Stop Settlement Slush Funds Act of 2017 H.J. Res. 111/S.J. Res. 47 - CFPB Arbitration Rule CRA H.R. 2359 - FCRA Liability Harmonization Act H.R. 3141 - Taxpayer Transparency Act of 2017 H.R. 2233 - American Jobs First Act of 2017 H.R. 2437/ S. 1134 - Back the Blue Act H.R. 620 - the ADA Education and Reform Act of 2017 H.R. 4396 - the ME TOO Congress Act H.R. 4423 - N. Texas Water Supply Security Act H.R. 4809 - Guidance Out of Darkness (GOOD) Act H.R. 5468 - Permitting Litigation Efficiency Act of 2018 H.R. 6754 - CIRCUIT Act of 2018 S. 1609 - Energy and Water Development and Related Agencies Appropriations Act, 2018 S. 584 - Small Business Regulatory Flexibility Improvements Act S. 580 - Truth in Regulations Act of 2017 S. 579 - Early Participation in Regulations Act of 2017 S. 578 - Better Evaluation of Science and Technology (BEST) Act S. 577 - Providing Accountability through Transparency Act of 2017 S. 951 - Regulatory Accountability Act of 2017 S. 1615 - Dream Act of 2017 S. 2014 - Prove it Act of 2017 S. 565 - Judgment Fund Transparency Act S. 386 - Judgment Fund Transparency and Terrorism Financing Prevention Act of 2017 S. 276 - Judicial Administration and Improvement Act of 2017 Rulemakings EO 13781 - Presidential Executive Order on a Comprehensive Plan for Reorganizing the Executive Branch, 82 FR 13959 (March 13, 2017) EO 13777 - Enforcing the Regulatory Reform Agenda, 82 FR 12285 (March 1, 2017) EO 13783 - Presidential Executive Order on Promoting Energy Independence and Economic Growth, 82 FR 16093 (March 28, 2017) Environmental Protection Agency, Environmental Justice Action Agenda 2016-2020 (EJ 2020) Environmental Protection Agency, Evaluation of Existing Regulations, 82 Fed. Reg. 17,793 (Apr. 13, 2017) (Docket ID EPA-HQ-OA-2017-0190). Centers for Medicare & Medicaid Services (CMS), Health and Human Services, Proposed Changes to Strip Legal Rights from Vulnerable Residents in Long-Term Care Facilities, CMS-3342-P, 82 FR 26649, (June 8, 2017) Nominations Jeffrey Clark for Assistant Attorney General, Department of Justice Mike Pompeo for Secretary of State Andrew Oldham for United States Court of Appeals for the Fifth Circuit Damien Schiff for United States Court of Federal Claims Andrew Brasher for United States Court for the Middle District of Alabama Patrick Wyrick for United States District Judge for the Western District of Oklahoma Brett Kavanaugh for United States Supreme Court Jonathan Kobes for United States Court of Appeals for the Eight Circuit William Barr for U.S. Attorney General, Department of Justice Thomas Farr for United States District Judge for the Eastern District of NC Eric Miller for United States Court of Appeals for the Ninth Circuit
Client expense: $74,132 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Bureau of Land Management (BLM), Centers For Medicare and Medicaid Services (CMS), Consumer Product Safety Commission (CPSC), Council on Environmental Quality (CEQ), Defense, Dept of (DOD), Energy, Dept of, Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Natl Oceanic & Atmospheric Administration (NOAA), SENATE, Transportation, Dept of (DOT), U.S. Fish & Wildlife Service (USFWS)
2018 · fourth_quarter · Banking
Issues related to credit union operations Issues related to credit union field of membership Issues related to credit union service organizations Issues related to vacancies on the National Credit Union Administration (NCUA) Board Issues related to NCUAs low income designation regulations Issues related to NCUA examination procedures Issues related to NCUAs regulation regarding its regulatory flexibility program Issues related to NCUAs proposed rule regarding emergency liquidity Issues related to NCUAs rulemaking process Issues related to NCUAs risk-based capital rule Issues related to NCUAs Advanced Notice of Proposed Rulemaking on Alternative Capital Issues related to NCUAs rule on securitization Issues related to NCUAs regulatory review process Issues related to NCUAs rule on Member Business Lending Issues related to Federal Credit Union bylaws Issues relating to home-based credit unions Issues related to credit union loan maturity restrictions Issues related to credit union investment authority Issues related to Regulation of Federal Credit Union by-laws Issues related to credit unions incidental powers Issues related to credit unions ability to offer prepaid cards Issues related to credit union service to marijuana businesses Issues related to material loss reports of the NCUA Office of Inspector General Issues related to the regulation of corporate credit unions Issues related to 1-4 Family Non-Owner Occupied Residential Loan Treatment as Residential Rather than Business Loans Issues related to the use of Eminent Domain to Seize Performing Mortgage Loans Issues related to fixed assets Issues related to credit union conversions Issues related to credit union call report modernization Issues related to premium assessments by the National Credit Union Share Insurance, NCUA Issues related to NCUAs Corporate Credit Union Stabilization Plan Issues related to NCUAs budget and the overhead transfer rate Issues related to Credit Union Service Organizations (CUSO) Issues related to the authority of the CFPB to exempt credit unions from its rulemaking Issues related to the CFPB rule to remittances and international wire transfers Issues related to CFPBs Leadership Structure and Installing a Board Rather than Director Issues related to funding the CFPB through the Appropriations Process Issues related to increasing the CFPB Supervisory Threshold Issues related to conducting a cost-benefit analysis of all CFPB Proposals Issues related to codifying the CFPBs Credit Union Advisory Council Issues related to requiring SBREFA Panels for CFPB Rulemakings Issues related to standardizing the definition of mortgage originator Issues related to overdraft protection and check ordering practices Issues related to mortgage servicing Issues related to mortgage loan originator compensation and qualifications Issues related to high-cost mortgage loans (HOEPA) Issues related to the CFPBs rule regarding qualified mortgage / ability to repay Issues related to reverse mortgages Issues related to the CFPBs regulation on Home Mortgage Disclosure Act (Regulation C) Issues related to the CFPBs regulation on Truth-in-Lending Act / Real Estate Settlement Procedures Act Integrated Disclosures Issues related to the payday, vehicle title, and similar lending Issues related to short term lending products and advance deposit products Issues related to the CFPBs consumer complaint database Issues related to the Department of Justices investigation entitled, Operation Choke Point Issues related to the Department of Defense proposal regarding Credit Extending to Service Members under MLA Issues related to indirect auto lending Issues related to credit union service to unbanked and underbanked consumers Issues related to the United States Postal Service Office of Inspector General report related to role of the postal service in financial services Issues related to the CFPB's proposal on arbitration Issues related to the Financial Accounting Standards Board (FASB) Issues related to mark-to-market accounting Issues related to private equity standards Issues related to data and cyber security Issues related to mobile banking and mobile payments Issues related to identity theft and fraud reduction Issues related to secure payments Issues related to merchant data breaches Issues related to the payments system Issues related to Federal Reserve Regulatory D Issues related to the Feds implementation of same-day ACH Issues related to the Bank Secrecy Act and Currency Transaction Reporting Requirements Issues related to the oversight of the Federal Housing Administration Issues related to USDA Rural Development Loan program Issues related to the Federal Home Loan Bank System Issues related to Fannie Mae capital Issues related to membership eligibility in the Federal Home Loan Bank System Issues related to financial literacy Issues related to Housing Finance Reform Issues related to student lending Issues related to the Economic Growth and Regulatory Paperwork Reduction Act process Issues related to retirement security Issues related to flood insurance Issues related to consumers access to records Issues related to economic growth Issues related to the National Credit Union Administration's Advance Notice of Proposed Rulemaking for Supplemental Capital Issues related to Interchange Fees Issues related to the funding of the National Credit Union Administration Issues related to the consumer notification of privacy standards Issues related to the Equal Credit Opportunity Act Issues related to the Fair Housing Act Issues related to the merger of credit unions Issues related to the Real Estate Settlement Procedures Act Issues related to the transfer of leadership at the Consumer Financial Protection Bureau Issues related to Community Reinvestment Act Issues related to Regulation Z Issues related to Military Lending Act Issues related to Financial Technology Issues related to Small Business Lending Data collection requirements Issues related to Involuntary liquidation of Federal Credit Unions and Claims procedures Issues related to Web-Based Quantitative Testing of Point of Sale / ATM Overdraft Disclosure Forms Issues related to residential appraisals Issues related to FHA appraisal certification Issues related to the nomination of Kathy Kraninger to the BCFP Issues related to GSE/Housing Finance Reform Issues related to FHA and USDA Loan Modifications Issues related to payments innovation Issues related to Faster payments Issues related to the Fair Credit Reporting Act Issues related to Treasure and IRS actions on the implementation of HR 1, the Tax Cuts and Job Act Issues related to cooperative funding sources in federal appropriations legislation Issues related to debt collection requirements Issues related to capital reform for credit unions Issues related to procurement reform for private voluntary organizations Issues related to Federal Credit Union Charter Modernization Issues related to expanded credit union powers / federal charter enhancement Issues related to the re-authorization of the National Flood Insurance Program Issues related to the Federal Credit Union Act H.J. Res 111, a resolution providing for congressional disapproval under chapter 8 title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Arbitration Agreements" H.Con.Res. XX, a concurrent budget resolution for FY 2019-general issues H.R. 10, the Financial CHOICE Act H.R. 26, the Regulations in Need of Scrutiny Act, all provisions H.R. 88, the Retirement, Savings, and Other Tax Relief Act of 2018 and Taxpayer First Act of 2018 H.R. 389, the Credit Union Residential Loan Parity Act, all provisions H.R. 924, the Financial Institutions Due Process Act H.R. 1116, the Taking Account of Institutions with Low Operation Risk Act (TAILOR), all provisions H.R. 1153, the Mortgage Choice Act of 2017, all provisions H.R. 1244, the Capital Access for Small Businesses and Jobs Act, all provisions H.R. 1264, the Community Financial Institution Exemption Act, all provisions H.R. 1457, the MOBILE Act, all provisions H.R. 1585, the Mutual Bank Capital Opportunity Act, all provisions H.R. 1958, the Protections Affordable Coverage for Employees (PACE) Act, all provisions H.R. 2054, Protecting Americans from Credit Entanglements Act of 2017 H.R. 2133, the Community Lending Enhancement and Regulatory Relief Act, all provisions H.R. 2204, the Homeowner Information Privacy Protection Act, all provisions H.R. 2215, the Secure and Fair Enforcement Banking Act of 2017 H.R. 2226, the Portfolio Lending and Mortgage Access Act, all provisions H.R. 2359, Fair Credit Reporting Act Liability Harmonization H.R. 2396, the Privacy Notification Technical Correction Act H.R. 2706, the Financial Institution Customer Protection Act, all provisions H.R. 2954, the Home Mortgage Disclosure Adjustment Act H.R. 3072, the Bureau of Consumer Financial Protection Examination and Reporting Threshold, all provisions H.R. 3089, the Corporate Transparency Act H.R. 3221, the Securing Access to Affordable Mortgages Act, all provisions H.R. 3299, the Protecting Consumers Access to Credit Act of 2017, all provisions H.R. 3746, the Business of Insurance Regulatory Reform Act of 2017 H.R. 3758, the Senior Safe Act of 2017 H.R. 3857, the PASS: Protecting Advice for Small Savers Act, all provisions H.R. 3866, to amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan, all provisions H.R. 3911, the Risk-Based Credit Examination Act, all provisions H.R. 3971, the Community Institution Mortgage Relief Act of 2017 H.R. 3978, To amend the Real Estate Settlement Procedures Act of 1974 to modify requirements related to mortgage disclosures, and for other purposes H.R. 4464, the Common Sense Credit Union Capital Relief Act of 2017, all provisions H.R. 4545, the Financial Institutions Examination Fairness and Reform Act, all provisions H.R. 4607, the Comprehensive Regulatory Review Act, all provisions H.R. 4648, the Home Mortgage Reporting Relief Act of 2017, all provisions H.R. 5078, the TRID Improvement Act of 2018, all provisions H.R. 5266, the Financial Product Safety Commission Act of 2018, all provisions H.R. 5288, the Common Sense Credit Union Capital Relief Act of 2018, all provisions H.R. 5515, The John S. McCain National Defense Authorization Act, provisions related to financial service branches on military bases H.R. 5534, the Give Useful Information to Define Effective Compliance Act, all provisions H.R. 5952, Commerce, Justice, Science and Related Agencies Appropriations, Title II H.R. 6068, the Counter Terrorism and Illicit Finance Act, all provisions H.R. 6147, the Financial Services and General Government Appropriations Act for Fiscal Year 2019, all provisions H.R. 6385, Department of State, Foreign Operations, and Related Programs, Title I H.R. 6743, the Consumer Information Notification Requirement Act, all provisions H.R. 6850, the Financial Reporting Threshold Modernization Act , all provisions H.R. 7262, the American Housing and Economic Mobility Act of 2018 S.J. Res. 47, a resolution providing for congressional disapproval under Chapter 8 title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Arbitration Agreements" S. 21, the Regulations in Need of Scrutiny Act, all provisions S. 223, the Senior $afe Act, all provisions S. 366, the Taking Account of Institutions with Low Operation Risk (TAILOR) Act, all provisions S. 756, the First Step Act of 2018 S. 836, the Credit Union Residential Loan Parity Act, all provisions S. 838, the Protecting Affordable Coverage for Employees (PACE) Act, all provisions S. 869, Protecting Americans from Credit Entanglements Act of 2017 S. 1002, CLEAR Relief Act of 2017, all provisions S. 1310, Home Mortgage Disclosure Adjustment Act S. 1579, the Bureau of Consumer Financial Protection Advisory Board Enhancement Act S. 2155, Economic Growth, Regulatory Relief, and Consumer protection Act, all provisions S. 2237, the Financial Institution Examination Fairness Reform Act, all provisions S. 2463, Better Utilization of Investments Leading to Development (BUILD) Act S. 3032, the Strengthening the Tenth Amendment through Entrusting States (STATES) Act of 2018 S. 3503, the American Housing and Economic Mobility Act of 2018 S.J.Res. 19, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act, all provisions Legislation contemplated by House Financial Services Committee Chairman Jeb Hensarling entitled the Financial Creating Hope and Opportunity for Investors, Consumer and Entrepreneurs (CHOICE) Act, provisions impacting credit unions, the National Credit Union Administration and the Consumer Financial Protection Bureau. Title XVII of the House Amendment to S. 488, the JOBS and Investor Confidence Act of 2018
Client expense: $920,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), SENATE, Small Business Administration (SBA), Treasury, Dept of, Veterans Affairs, Dept of (VA)
2018 · fourth_quarter · Financial Institutions/Investments/Securities
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; Senior Safe Act H.R. 10 -- Financial CHOICE Act. Issue: Implementation and regulatory reform of the financial services industry. H.R. 3110/S. 1463 - A bill to amend the Financial Stability Act of 2010 to modify the term of the independent member of the Financial Stability Oversight Council. Issue: Dodd-Frank Act reform. H.R. 3762 - International Insurance Standards Act of 2017. Issue: international insurance standards. * H.R. 4537 - International Insurance Standards Act of 2017. Issue: international insurance standards. * H.R. 3857 - Protecting Advice for Small Savers (PASS) Act of 2017. Issue: Establishing a best interest standard for financial advisors and fiduciary rule. H.R. 3861 - Federal Insurance Office Reform Act of 2017. Issue: FIO reform. H.R.___/S.___ - Financial Services and General Government Appropriations Act. Making appropriations for financial services and general government for the fiscal year ending September 30, 2019, and for other purposes. Issue: Global insurance standards; SIFI de-risking. H.R. 4483 - Federal Insurance Office Abolishment Act of 2017. Issue: FIO reform. H.R. 5323 - Derivatives Fairness Act. Issue: establish an exemption from the credit valuation adjustment calculation for uncleared derivatives transactions with end-users. H.R.__ - Draft legislation regarding the designations or titles of financial professionals. H.R. 762/S.258 - Holocaust Insurance Accountability Act of 2017. This bill would provide for the restoration of legal rights for claimants under holocaust-era insurance policies.* H.R. 1226/S. 447 - Justice for Uncompensated Survivors Today (JUST) Act of 2017. This bill would require reporting on acts of certain foreign countries on Holocaust era assets and related issues. Issue: Holocaust era insurance claims. * H.R. 985 - Fairness in Class Action Litigation and Furthering Asbestos Claim Transparency Act of 2017. The bill would amend the procedures used in Federal court class actions and multidistrict litigation proceedings to assure fairer, more efficient outcomes for claimants and defendants. Issue: tort reform. Securities and Exchange Commission Proposed Regulation Best Interest - The rule would establish a standard of conduct for broker-dealers and natural persons who are associated persons of a broker-dealer when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer.
Client expense: $510,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC)
2018 · fourth_quarter · Insurance
H.R.1708 - To prohibit the sale of a firearm to, and the purchase of a firearm by, a person who is not covered by appropriate liability insurance coverage , 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 Monitor the Federal Insurance Offices activities at the International Association of Insurance Supervisors Recently concluded bilateral covered agreement with the EU , ALL PROVISIONS H.R. 10 - Financial CHOICE Act of 2017 , ALL PROVISIONS S. 1360 - International Insurance Capital Standards Accountability Act of 2017 , ALL PROVISIONS S.1579 - Bureau of Consumer Financial Protection Advisory Board Enhancement Act , ALL PROVISIONS H.R. 3110 - Financial Stability Oversight Council Insurance Member Continuity Act , ALL PROVISIONS H.R.3312 - Systemic Risk Designation Improvement Act of 2017, ALL PROVISIONS H.J.Res.111 - Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Bureau of Consumer Financial Protection relating to "Arbitration Agreements" , ALL PROVISIONS H.R.3363 - CLAIM Act , ALL PROVISIONS S.1773/H.R. 3698 - A bill to amend the Federal Crop Insurance Act to limit the overall rate of return for crop insurance providers and remove the requirement of budget neutrality in the Standard Reinsurance Agreement , ALL PROVISIONS H.R.3746 - Business of Insurance Regulatory Reform Act of 2017 , ALL PROVISIONS S.1835 - Lower Premiums Through Reinsurance Act of 2017 , ALL PROVISIONS H.R.3861 - Federal Insurance Office Reform Act of 2017 , ALL PROVISIONS S.1893 - Systemic Risk Designation Improvement Act of 2017 , ALL PROVISIONS H.R.3762 - International Insurance Standards Act of 2017 , ALL PROVISIONS H.R.4061 - Financial Stability Oversight Council Improvement Act of 2017 , ALL PROVISIONS H.R.4309 - Regulatory Relief Act of 2017 , ALL PROVISIONS S.2155 - Economic Growth, Regulatory Relief, and Consumer Protection Act , ALL PROVISIONS H.R.4483 - Federal Insurance Office Abolishment Act of 2017 , ALL PROVISIONS H.R.4537 - International Insurance Standards Act of 2018 , ALL PROVISIONS H.R.4755 - Federal Reserve Regulatory Oversight Act , ALL PROVISIONS S.2299 - Wildfire Regulatory Relief Act of 2018 , ALL PROVISIONS S.2512 - A bill to amend the Agricultural Act of 2014 to require producers to elect to receive price loss coverage or agriculture risk coverage under that Act or Federal crop insurance under the Federal Crop Insurance Act , ALL PROVISIONS H.R.5203 - To amend the Agricultural Act of 2014 to require producers to elect to receive price loss coverage or agriculture risk coverage under that Act or Federal crop insurance under the Federal Crop Insurance Act. (related bill to above) , ALL PROVISIONS H.R.4865 - Crop Insurance Modernization Act of 2018 , ALL PROVISIONS H.R.4771 - Small Bank Holding Company Relief Act of 2018 , ALL PROVISIONS H.R.5059 - State Insurance Regulation Preservation Act , ALL PROVISIONS H.R.5076 - Small Bank Exam Cycle Improvement Act of 2018 (to amend the Federal Deposit Insurance Act to extend the examination cycle for certain insured depository institutions) , ALL PROVISIONS H.R.5266 - Financial Product Safety Commission Act of 2018 (to amend the Consumer Financial Protection Act of 2010 to make the Bureau of Consumer Financial Protection an independent Financial Product Safety Commission, and for other purposes) , ALL PROVISIONS H.R.5381 - GRATER Act of 2018 (To reduce and minimize the credit, guarantee, and insurance risk of all Federal Government programs by transferring such risk to the private sector at market terms, and for other purposes) , ALL PROVISIONS S. 2702 - A bill to amend the Consumer Financial Protection Act of 2010 to clarify authority of the Bureau of Consumer Financial Protection with respect to persons regulated by a State insurance regulator, and for other purposes , ALL PROVISIONS H.R.5470 - To repeal the Office of Financial Research, and for other purposes , ALL PROVISIONS H.R. 4061 - Financial Stability Oversight Council Improvement Act of 2017 - To amend the Financial Stability Act of 2010 to improve the transparency of the Financial Stability Oversight Council, to improve the SIFI designation process, and for other purposes , ALL PROVISIONS H.R.6163 - To amend the Consumer Financial Protection Act of 2010 to reform the Consumer Financial Civil Penalty Fund and to prohibit the Bureau of Consumer Financial Protection from serving as the administrator of redress payments, and for other purposes , ALL PROVISIONS S.3177 - A bill to amend the Financial Stability Act of 2010 to include the State insurance commissioner as a voting member of the Financial Stability Oversight Council, and for other purposes , ALL PROVISIONS H.R.5825 - To expand crop insurance available to beginning farmers and ranchers, and for other purposes , ALL PROVISIONS H.R.6292 - To amend the Liability Risk Retention Act of 1986 to expand the types of commercial insurance authorized for risk retention groups serving nonprofit organizations, and for other purposes , ALL PROVISIONS H.R.5629 - To amend the Federal Crop Insurance Act and Food Security Act of 1985 to enact reforms to farm subsidies and crop insurance called for in President Trump's budget for fiscal year 2019, ALL PROVISIONS S.3670 - A bill to reauthorize the National Flood Insurance Program (Tim Scott, SC), ALL PROVISIONS S.3703 - NFIP Extension Act of 2018 - To reauthorize the National Flood Insurance Program (Marco Rubio), ALL PROVISIONS H.R.7187 - To extend the National Flood Insurance Program until December 7, 2018 (Thomas MacArthur, R-NJ), ALL PROVISIONS H.R.7133 - Captive Insurers Clarification Act - To clarify the definition of nonadmitted insurer under the Nonadmitted and Reinsurance Reform Act of 2010, and for other purposes (Peter Welch, D-VT-At Large), ALL PROVISIONS S.3628 - National Flood Insurance Program Extension Act - To reauthorize the National Flood Insurance Program (John Kennedy, LA), ALL PROVISIONS H.R.7388 - National Flood Insurance Program Competition and Extension Act of 2018 - To extend the National Flood Insurance Program, and for other purposes (Thomas MacArthur, R-NJ), ALL PROVISIONS
Client expense: $560,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Federal Aviation Administration (FAA), Federal Election Commission (FEC), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2018 · third_quarter · Financial Institutions/Investments/Securities
Financial regulatory reform issues including the Dodd-Frank Wall Street Reform and Consumer Protection Act H.R. 10, the Financial CHOICE Act of 2017 H.R. 3100/S. 1463, the Financial Stability Oversight Council Insurance Member Continuity Act H.R. 3861, the Federal Insurance Office Reform Act of 2017 H.R. 4537, the International Insurance Standards Act of 2017 S. 1360, the International Insurance Capital Standards Accountability Act of 2017 S.2155 - Economic Growth, Regulatory Relief, and Consumer Protection Act S. 488, JOBS and Investor Confidence Act of 2018
Client expense: $380,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Treasury, Dept of
2018 · fourth_quarter · Financial Institutions/Investments/Securities
Financial regulatory reform issues including implementation of PL 111-203 Dodd-Frank Wall Street Reform and Consumer Protection Act. Issues: insurance capital standards, roles of federal and state agencies at the IAIS and the FSB. HR 10 Financial CHOICE Act. Issue: implementation and regulatory reform of the financial services industry. HR 3861 Federal Insurance Office Reform Act of 2017. Issue: FIO reform. PL 115-174 Economic Growth, Regulatory Relief, and Consumer Protection Act: Senior$afe Act provisions. Issue: protecting seniors' financial security. S 488 JOBS and Investor Confidence Act of 2018. Issue: regulatory reform of financial services industry.
Client expense: $190,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Accounting
(1) H.R. 10 (115th Congress) - A bill to repeal or amend sections of the Dodd-Frank Wall Street Reform and Consumer Protection Act. (2) H.R. 7394 (115th Congress) - A bill to prohibit federal financial regulators from requiring compliance with CECL and for other purposes. (3) S. 2155 (115th Congress) -- A bill to provide regulatory relief to certain banks and for other purposes. (4) S. 2818 (115th Congress) - A bill to clarify that funding for the standard setting body designated pursuant to section 19(b) of the Securities Act of 1933 is not subject to sequester. (5) Issues related to the accounting standard setting process (no specific legislation).
Client expense: $110,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Financial Institutions/Investments/Securities
Wall Street Reform & Consumer Protection Act; Federal Reserve implementation of the Dodd-Frank interchange provisions (Reg. II); credit and debit card interchange fees; breach of credit and debit cards; credit, debit and pre-paid cards; corporate governance; chip cards; deferred interest; routing; conflict minerals; crowd funding; Fintech; EMV; H.R.10 - Financial CHOICE Act of 2017; Section 1071 of Dodd-Frank; S.2155 - Economic Growth, Regulatory Relief, and Consumer Protection Act; H.R.6743 - Consumer Information Notification Requirement Act.
Client expense: $720,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Consumer Financial Protection Bureau (CFPB), Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Institute of Standards & Technology (NIST), Natl Labor Relations Board (NLRB), Natl Telecommunications & Information Administration (NTIA), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Immigration & Customs Enforcement (ICE), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2018 · fourth_quarter · Banking
General issues related to the payments system and related issues impacting financial institutions. Specific issues included: the Financial CHOICE Act (H.R. 10) and JOBS 3.0 (Hensarling), issues related to repeal of the Durbin debit card interchange price controls; and proposals on data security, breach notice, and breach response, including H.R. 6743, the "Consumer Information Notification Requirement Act" (Luetkemeyer), and S. 2289, the "Data Breach Prevention and Compensation Act of 2018" (Warren), issues related to preemption and functional regulation; and draft privacy proposals.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · second_quarter · Financial Institutions/Investments/Securities
Regulatory issues related to financial services technology,Financial Choice Act, HR10, S.2155 Economic Growth, Regulatory Relief, and Consumer Protection Act, Data Breach Notification Standard Legislation.
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE