Securities Fraud Act of 2018

Issues related to reform of Capital Markets Regulations. S. 3421, Blue Sky Harmonization Act, all provisions. H.R. 5037, Securities Fraud Act of 2018, all provisions.

Client expense: $10,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

FSOC designation process issues; Implementation of S.2155 the Economic Growth, Regulatory Relief and Consumer Protection Act of 2018; the Volcker Rule; proposals to create a government database of beneficial ownership of private companies; cross-affiliate swaps margining: H.R.5037 - Securities Fraud Act of 2018; Federal regulation of the shareholder proxies; small business access to credit; Regulation BI.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC)

Monitor issues impacting state securities regulation and investor protection; : S. 2155 and HR 4546, national securities exchange parity legislation; HR 477, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017; HR 2201 Micro Offering Safe Harbor Act; HR 1585 Fair Investment Opportunities for Professionals; HR 5037, Securities Fraud Act of 2018; HR 5877, Main Street Growth Act; S. 488, JOBS and Investor Confidence Act of 2018, and S. 3421, Blue Sky Harmonization Act

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 3089, the "Corporate Transparency Act of 2017," legislation directing the Treasury Department to require every business owner in the United States to file with the government the name, address, and a copy of a driver's license or unexpired passport of every individual who, directly or indirectly, derives a substantial economic benefit from, exercises substantial control over, or has certain other interests in a legal entity and further requiring business owners to update this information within 60 days of any change in individuals who, directly or indirectly, have such an interest or any change in the information about an individual already disclosed as having a reportable direct or indirect interest; entire bill. H.R. 5037, the "Securities Fraud Act of 2018," legislation to ensure that federal securities law is applied to securities traded on nationally-registered exchanges regulated by the SEC; entire bill. H.R. 6068, the "Counter Terrorism and Illicit Finance Act," legislation to update dollar amount thresholds for certain currency transaction reports and suspicious activity reports, to improve information sharing between financial institutions with respect to terrorism, money laundering, and other unlawful activities, and to provide an 18-month enforcement delay of FinCEN's final rulemaking on Customer Due Diligence (81 Fed. Reg. 29397, May 11, 2016); entire bill. H.R. 6239, the "DISCLOSE Act of 2018," legislation to amend the Federal Election Campaign Act of 1971 to provide for additional disclosure requirements for corporations, labor organizations, Super PACs and other entities; provisions related to beneficial ownership, the SEC requiring public companies to disclose political spending, and requirements for federal contractors to disclose their support for public issues and causes that are not otherwise subject to disclosure under federal law. S. 3150, the "DISCLOSE Act of 2018," legislation to amend the Federal Election Campaign Act of 1971 to provide for additional disclosure requirements for corporations, labor organizations, Super PACs and other entities; provisions related to beneficial ownership, the SEC requiring public companies to disclose political spending, and requirements for federal contractors to disclose their support for public issues and causes that are not otherwise subject to disclosure under federal law. S. 1454, the "True Incorporation Transparency for Law Enforcement (TITLE) Act," legislation to direct each state to amend their business formation laws to require every business owner in the United States to file with the government the name, address, and a copy of a driver's license or unexpired passport of every individual who, directly or indirectly, derives a substantial economic benefit from, exercises control over, or has certain other interests in a legal entity and further requiring business owners to update this information within 60 days of any change in individuals who, directly or indirectly, have such an interest or any change in the information about an individual already disclosed as having a reportable direct or indirect interest; entire bill. S. 3421, the "Blue Sky Harmonization Act," legislation to ensure uniform application of federal securities law is applied to securities traded on nationally registered exchanges regulated by the SEC; entire bill. Implementation of Pub. Law 115-174, the "Economic Growth, Regulatory Relief, and Consumer Protection Act." Nomination of Dino Falaschetti for Director of the Office of Financial Research. Efforts by states to impose fiduciary obligations on investment professionals who handle ERISA funds. General education concerning the need to include in the Senate Financial Services General Government Appropriations Bill the policy rider prohibiting the Securities and Exchange Commission from using funds to promulgate any rule compelling public companies to disclose payments made to entities, such as trade associations, that engage in political activity. General education concerning the Financial Stability Oversight Council's exercise of authority to designate entities for enhanced oversight under section 117 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. General education concerning the need for a uniform federal regulatory scheme for financial technology. General education concerning the need to modernize and improve the Bank Secrecy Act and Anti-Money Laundering (BSA/AML) regime applicable to financial institutions. General education concerning ways to rationalize and improve the Consumer Financial Protection Bureau's regulatory and enforcement policies. General education regarding the SEC's proposed Regulation Best Interest (83 Fed. Reg. 21574, May 9, 2018), and Form CRS Relationship Summary (83 Fed. Reg. 21416, May 9, 2018).

S. 223/H.R. 3758 (Senior$afe Act of 2017); provides immunity from suit for certain individuals who disclose potential examples of financial exploitation of senior citizens. H.R. 10 (Financial CHOICE Act of 2017); converts the Consumer Financial Protection Bureau into a consumer law enforcement agency, subjects the agency to the congressional appropriations process, expanded judicial review, and additional congressional oversight, eliminates supervisory authority over financial institutions; and limits the agency's authority to take action against entities for abusive practices. H.R. 3911 (Risk-Based Credit Examination Act); amends the Securities Exchange Act of 1934 with respect to risk-based examinations of Nationally Recognized Statistical Rating Organizations. S. 1321/H.R. 2823 (Affordable Retirement Advice for Savers Act); amends the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 198 to repeal the Fiduciary Definition rulemaking. S. 370/S. 1804 (Repeal CFPB Act); eliminates the Bureau of Consumer Financial Protection by repealing title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Consumer Financial Protection Act of 2010. H.R. 3118/H.R. 1031; repeals the Consumer Financial Protection Act of 2010, which established the Consumer Financial Protection Bureau. 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." S. 2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act); amends current banking and financial regulation laws. H.R. 5037 (Securities Fraud Act of 2018); provides exclusive Federal jurisdiction over civil securities fraud actions, preempting state law and regulation. General lobbying with regard to the Department of Labors conflict of interest rule. General lobbying with regard to the Department of Labors fiduciary rule. General lobbying with regard to the SEC fiduciary standard review. General lobbying on issues related to shareholder arbitration.

HR 5037, "Securities Fraud Act of 2018", regarding all provisions.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES

H.R. 5970 Modernizing Disclosures for Investors Act, general issues regarding the cost benefit analysis of Form 10-Q; H.R. 5037 Securities Fraud Act of 2018, general issues regarding securities litigation; H.R. 3089 / S. 1717 Corporate Transparency Act of 2017, general issues regarding deterring money laundering; and General issues regarding capital market developments.

Client expense: $510,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Office of the Vice President of the United States, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

S. 223/H.R. 3758 (Senior$afe Act of 2017); provides immunity from suit for certain individuals who disclose potential examples of financial exploitation of senior citizens. H.R. 10 (Financial CHOICE Act of 2017); converts the Consumer Financial Protection Bureau into a consumer law enforcement agency, subjects the agency to the congressional appropriations process, expanded judicial review, and additional congressional oversight, eliminates supervisory authority over financial institutions; and limits the agency's authority to take action against entities for abusive practices. H.R. 3911 (Risk-Based Credit Examination Act); amends the Securities Exchange Act of 1934 with respect to risk-based examinations of Nationally Recognized Statistical Rating Organizations. S. 1321/H.R. 2823 (Affordable Retirement Advice for Savers Act); amends the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 198 to repeal the Fiduciary Definition rulemaking. S. 370/S. 1804 (Repeal CFPB Act); eliminates the Bureau of Consumer Financial Protection by repealing title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Consumer Financial Protection Act of 2010. H.R. 3118/H.R. 1031; repeals the Consumer Financial Protection Act of 2010, which established the Consumer Financial Protection Bureau. 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." S. 2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act); amends current banking and financial regulation laws. H.R. 5037 (Securities Fraud Act of 2018); provides exclusive Federal jurisdiction over civil securities fraud actions, preempting state law and regulation. S. 3421 (Blue Sky Harmonization Act); provides exclusive federal jurisdiction over civil securities fraud actions, preempting state law and regulation. General lobbying with regard to the Department of Labors conflict of interest rule. General lobbying with regard to the Department of Labors fiduciary rule. General lobbying with regard to the SEC fiduciary standard review. General lobbying on issues related to shareholder arbitration provisions.

Issues related to reform of Capital Markets Regulations. S. 3421, Blue Sky Harmonization Act, all provisions. H.R. 5037, Securities Fraud Act of 2018, all provisions.

Client expense: $10,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Monitor issues impacting state securities regulation and investor protection; : S. 2155 and HR 4546, national securities exchange parity legislation; HR 477, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017; HR 2201 Micro Offering Safe Harbor Act; HR 1585 Fair Investment Opportunities for Professionals; HR 5037, Securities Fraud Act of 2018; HR 5877, Main Street Growth Act; S. 488, JOBS and Investor Confidence Act of 2018, and S. 3421, Blue Sky Harmonization Act

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

FSOC designation process issues; Implementation of the Dodd-Frank Act; the Volcker Rule; proposals to create a government database of beneficial ownership of private companies; cross-affiliate swaps margining: H.R.5037 - Securities Fraud Act of 2018; Federal regulation of the shareholder proxies; small business access to credit.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC)

H.R. 4790, the "Volcker Rule Harmonization Act," a bill to amend the Bank Holding Company Act of 1956 to grant exclusive rulemaking authority under the Volcker Rule (limiting proprietary trading) to the Federal Reserve Board of Governors; entire bill. H.R. 4015, the "Corporate Governance Reform and Transparency Act of 2017," legislation to improve the quality of proxy advisory firms for the protection of investors and the U.S. economy, and in the public interest, by fostering accountability, transparency, responsiveness, and competition in the proxy advisory firm industry; entire bill. H.R. 3089, the "Corporate Transparency Act of 2017," legislation directing the Treasury Department to require every business owner in the United States to file with the government the name, address, and a copy of a driver's license or unexpired passport of every individual who, directly or indirectly, derives a substantial economic benefit from, exercises substantial control over, or has certain other interests in a legal entity and further requiring business owners to update this information within 60 days of any change in individuals who, directly or indirectly, have such an interest or any change in the information about an individual already disclosed as having a reportable direct or indirect interest; entire bill. S. 1717, the "Corporate Transparency Act of 2017," legislation directing the Treasury Department to require every business owner in the United States to file with the government the name, address, and a copy of a driver's license or unexpired passport of every individual who, directly or indirectly, derives a substantial economic benefit from, exercises substantial control over, or has certain other interests in a legal entity and further requiring business owners to update this information within 60 days of any change in individuals who, directly or indirectly, have such an interest or any change in the information about an individual already disclosed as having a reportable direct or indirect interest; entire bill. H.R. 5037, the "Securities Fraud Act of 2018," legislation to ensure that federal securities law is applied to securities traded on nationally-registered exchanges regulated by the SEC; entire bill. H.R. 6068, the "Counter Terrorism and Illicit Finance Act," legislation to update dollar amount thresholds for certain currency transaction reports and suspicious activity reports, to improve information sharing between financial institutions with respect to terrorism, money laundering, and other unlawful activities, and to provide an 18-month enforcement delay of FinCEN's final rulemaking on Customer Due Diligence (81 Fed. Reg. 29397, May 11, 2016); entire bill. H.R. 6239, the "DISCLOSE Act of 2018," legislation to amend the Federal Election Campaign Act of 1971 to provide for additional disclosure requirements for corporations, labor organizations, Super PACs and other entities; provisions related to beneficial ownership, the SEC requiring public companies to disclose political spending, and requirements for federal contractors to disclose their support for public issues and causes that are not otherwise subject to disclosure under federal law. S. 3150, the "DISCLOSE Act of 2018," legislation to amend the Federal Election Campaign Act of 1971 to provide for additional disclosure requirements for corporations, labor organizations, Super PACs and other entities; provisions related to beneficial ownership, the SEC requiring public companies to disclose political spending, and requirements for federal contractors to disclose their support for public issues and causes that are not otherwise subject to disclosure under federal law. S. 1454, the "True Incorporation Transparency for Law Enforcement (TITLE) Act," legislation to direct each state to amend their business formation laws to require every business owner in the United States to file with the government the name, address, and a copy of a driver's license or unexpired passport of every individual who, directly or indirectly, derives a substantial economic benefit from, exercises control over, or has certain other interests in a legal entity and further requiring business owners to update this information within 60 days of any change in individuals who, directly or indirectly, have such an interest or any change in the information about an individual already disclosed as having a reportable direct or indirect interest; entire bill. S. 3421, the "Blue Sky Harmonization Act," legislation to ensure uniform application of federal securities law is applied to securities traded on nationally registered exchanges regulated by the SEC; entire bill. Legislative proposals to require every business owner in the United States to file with the government the name, address, and a copy of a driver's license or unexpired passport of every individual who, directly or indirectly, derives a substantial economic benefit from, exercises substantial control over, or has certain other interests in a legal entity and further requiring business owners to update this information within 60 days of any change in individuals who, directly or indirectly, have such an interest or any change in the information about an individual already disclosed as having a reportable direct or indirect interest. Sec. 1006 of Public Law 115-232, the "John S. McCain National Defense Authorization Act for Fiscal Year 2019," to require any company doing business with the Department of Defense to have its audit firm report to the Department any disciplinary proceeding against the audit firm brought on a Federal or State level, including Public Company Accounting Oversight Board disciplinary proceedings against an audit firm that audits a company doing business with the Department. Implementation of Pub. Law 115-174, the "Economic Growth, Regulatory Relief, and Consumer Protection Act." Implementation of the July 11, 2018 Executive Order Regarding the Establishment of the Task Force on Market Integrity and Consumer Fraud. Nomination of Elad Roisman to be a Commissioner of the Securities and Exchange Commission. Nomination of Dino Falaschetti for Director of the Office of Financial Research. General education regarding the SEC's proposed Regulation Best Interest (83 Fed. Reg. 21574, May 9, 2018), and Form CRS Relationship Summary (83 Fed. Reg. 21416, May 9, 2018). General education concerning the need to modernize and improve the Bank Secrecy Act and Anti-Money Laundering (BSA/AML) regime applicable to financial institutions. General education concerning the need to include in the Senate Financial Services General Government appropriations bill the policy rider prohibiting the SEC from using funds to promulgate any rule compelling public companies to disclose payments made to entities, such as trade associations, that engage in political activity. General education concerning the need for a uniform federal regulatory scheme for financial technology. General education concerning ways to rationalize and improve the Consumer Financial Protection Bureau's regulatory and enforcement policies. General education concerning the Financial Stability Oversight Council's exercise of authority to designate entities for enhanced oversight under section 117 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

FSOC designation process issues; Implementation of the Dodd-Frank Act; the Volcker Rule; proposals to create a government database of beneficial ownership of private companies; standards of conduct for investment professionals; cross-affiliate swaps margining: H.R.5037 - Securities Fraud Act of 2018; Federal regulation of the shareholder proxies.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC)

H.R. 5970 To require the Securities and Exchange Commission to carry out a cost benefit analysis of the use of Form 10-Q and for other purposes, general issues regarding the cost benefit analysis of Form 10-Q; H.R. 5037 Securities Fraud Act of 2018, general issues regarding securities litigation; H.R. 3089 / S. 1717 Corporate Transparency Act of 2017, general issues regarding deterring money laundering; and General issues regarding capital market developments.

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

Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Office of the Vice President of the United States, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

S. 223/H.R. 3758 (Senior$afe Act of 2017); provides immunity from suit for certain individuals who disclose potential examples of financial exploitation of senior citizens. H.R. 10 (Financial CHOICE Act of 2017); converts the Consumer Financial Protection Bureau into a consumer law enforcement agency, subjects the agency to the congressional appropriations process, expanded judicial review, and additional congressional oversight, eliminates supervisory authority over financial institutions; and limits the agency's authority to take action against entities for abusive practices. H.R. 3911 (Risk-Based Credit Examination Act); amends the Securities Exchange Act of 1934 with respect to risk-based examinations of Nationally Recognized Statistical Rating Organizations. S. 1321/H.R. 2823 (Affordable Retirement Advice for Savers Act); amends the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 198 to repeal the Fiduciary Definition rulemaking. S. 370/S. 1804 (Repeal CFPB Act); eliminates the Bureau of Consumer Financial Protection by repealing title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Consumer Financial Protection Act of 2010. H.R. 3118/H.R. 1031; repeals the Consumer Financial Protection Act of 2010, which established the Consumer Financial Protection Bureau. 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." S. 2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act); amends current banking and financial regulation laws. H.R. 5037 (Securities Fraud Act of 2018); provides exclusive Federal jurisdiction over civil securities fraud actions, preempting state law and regulation. General lobbying with regard to the Department of Labors conflict of interest rule. General lobbying with regard to the Department of Labors fiduciary rule. General lobbying with regard to the SEC fiduciary standard review. General lobbying on issues related to shareholder arbitration.

Monitor issues impacting state securities regulation and investor protection; : S. 2155 and HR 4546, national securities exchange parity legislation; HR 477, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017; HR 2201 Micro Offering Safe Harbor Act; HR 1585 Fair Investment Opportunities for Professionals Act; H.R. 5037 Securities Fraud Act of 2018; HR 5877, Main Street Growth Act.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 3089, the "Corporate Transparency Act of 2017," legislation directing the Treasury Department to require every business owner in the United States to file with the government the name, address, and a copy of a driver's license or unexpired passport of every individual who, directly or indirectly, derives a substantial economic benefit from, exercises substantial control over, or has certain other interests in a legal entity and further requiring business owners to update this information within 60 days of any change in individuals who, directly or indirectly, have such an interest or any change in the information about an individual already disclosed as having a reportable direct or indirect interest; entire bill. H.R. 4015, the "Corporate Governance Reform and Transparency Act of 2017," legislation to improve the quality of proxy advisory firms for the protection of investors and the U.S. economy, and in the public interest, by fostering accountability, transparency, responsiveness, and competition in the proxy advisory firm industry; entire bill. H.R. 4790, the "Volcker Rule Regulatory Harmonization Act," legislation to amend the Bank Holding Company Act of 1956 to grant exclusive rulemaking authority under the Volcker Rule (limiting proprietary trading) to the Federal Reserve Board of Governors; entire bill. H.R. 5037, the "Securities Fraud Act of 2018," legislation to ensure that uniform application of federal securities law is applied to securities traded on nationally-registered exchanges regulated by the SEC. H.R. 5155, the "National Defense Authorization Act for Fiscal Year 2019, legislation to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense, for military construction, and to prescribe military personnel strengths for such fiscal year; SA 2459, an amendment to direct each state to amend their business formation laws to require every business owner in the United States to file with the government the name, address, and a copy of a driver's license or unexpired passport of every individual who, directly or indirectly, derives a substantial economic benefit from, exercises substantial control over, or has certain other interests in a legal entity and further requiring business owners to update this information within 60 days of any change in individuals who, directly or indirectly, have such an interest or any change in the information about an individual already disclosed as having a reportable direct or indirect interest. H.R. 6068, the "Counter Terrorism and Illicit Finance Act," legislation to update dollar amount thresholds for certain currency transaction reports and suspicious activity reports, to improve information sharing between financial institutions with respect to terrorism, money laundering, and other unlawful activities, and to provide an 18-month enforcement delay of FinCEN's final rulemaking on Customer Due Diligence, 81 Fed. Reg. 29397 (May 11, 2016); entire bill. S. 1454, the "True Incorporation Transparency for Law Enforcement (TITLE) Act," legislation to direct each state to amend their business formation laws to require every business owner in the United States to file with the government the name, address, and a copy of a driver's license or unexpired passport of every individual who, directly or indirectly, derives a substantial economic benefit from, exercises substantial control over, or has certain other interests in a legal entity and further requiring business owners to update this information within 60 days of any change in individuals who, directly or indirectly, have such an interest or any change in the information about an individual already disclosed as having a reportable direct or indirect interest; entire bill. General education concerning problems relating to the upcoming implementation of FinCEN's final rulemaking on Customer Due Diligence and the need to delay implementation, 81 Fed. Reg. 29397 (May 11, 2016). General education concerning the need to modernize and improve the Bank Secrecy Act and Anti-Money Laundering (BSA/AML) regime applicable to financial institutions. SEC proposed Regulation Best Interest, 83 Fed. Reg. 21574 (May 9, 2018), and Form CRS Relationship Summary, 83 Fed. Reg. 21416 (May 9, 2018). General education regarding the SEC's proposed Regulation Best Interest, 83 Fed. Reg. 21574 (May 9, 2018), and Form CRS Relationship Summary, 83 Fed. Reg. 21416 (May 9, 2018). General education concerning the need to include in the Senate Financial Services & General Government appropriations bill the policy rider prohibiting the SEC from using funds to promulgate any rule compelling public companies to disclose payments made to entities, such as trade associations, that engage in political activity.

May 8, 2018CII letter to SEC on oversight of cryptocurrencies and initial coin offerings May 10, 2018CII letter to SEC on transaction fee pilot May 22, 2018CII letter to Chair and Ranking Member of House Capital Markets Subcommittee on legislative proposals June 6, 2018CII letter to Chair and Ranking Member of House Financial Services Committee on markup of legislative proposals June 12, 2018CII letter to Chair and Ranking Member of House Capital Markets Subcommittee regarding H.R. 5037 June 27, 2018CII letter to Chair and Ranking Member of Senate Banking Committee on H.R. 4015 and S. 536 June 28, 2018CII letter to SEC regarding auditor independence

Client expense: Not reported · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC)

H.R. 5037 Securities Fraud Act of 2018, general issues regarding securities litigation; H.R. 3089 / S. 1717 Corporate Transparency Act of 2017, general issues regarding deterring money laundering; and General issues regarding capital market developments.

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

Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Office of the Vice President of the United States, SENATE, Treasury, Dept of

S. 223/H.R. 3758 (Senior$afe Act of 2017); provides immunity from suit for certain individuals who disclose potential examples of financial exploitation of senior citizens. H.R. 10 (Financial CHOICE Act of 2017); converts the Consumer Financial Protection Bureau into a consumer law enforcement agency, subjects the agency to the congressional appropriations process, expanded judicial review, and additional congressional oversight, eliminates supervisory authority over financial institutions; and limits the agency's authority to take action against entities for abusive practices. H.R. 3911 (Risk-Based Credit Examination Act); amends the Securities Exchange Act of 1934 with respect to risk-based examinations of Nationally Recognized Statistical Rating Organizations. S. 1321/H.R. 2823 (Affordable Retirement Advice for Savers Act); amends the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 198 to repeal the Fiduciary Definition rulemaking. S. 370/S. 1804 (Repeal CFPB Act); eliminates the Bureau of Consumer Financial Protection by repealing title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Consumer Financial Protection Act of 2010. H.R. 3118/H.R. 1031; repeals the Consumer Financial Protection Act of 2010, which established the Consumer Financial Protection Bureau. 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." S. 2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act); amends current banking and financial regulation laws. H.R. 5037 (Securities Fraud Act of 2018); provides exclusive Federal jurisdiction over civil securities fraud actions, preempting state law and regulation. General lobbying with regard to the Department of Labors conflict of interest rule. General lobbying with regard to the Department of Labors fiduciary rule General lobbying with regard to the SEC fiduciary standard review. General lobbying on issues related to shareholder arbitration.

H.R. 5037, Securities Fraud Act - Entire bill H.R. 4755, Federal Reserve Regulatory Oversight Act - Entire bill

Client expense: $280,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Monitor issues impacting state securities regulation and investor protection; : S. 2155 and HR 4546, national securities exchange parity legislation; HR 477, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017; HR 2201 Micro Offering Safe Harbor Act; HR 1585 Fair Investment Opportunities for Professionals Act; H.R. 5037 Securities Fraud Act of 2018.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE