Senior Security Act of 2019

HR 1876 and S 1719, the Senior Security Act; monitor issues impacting private and public securities offerings; CFPB grants for protection against senior fraud; monitor other issues impacting state securities regulators. HR 133 continuing appropriations and stimulus.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 1876 and S 1719, the Senior Security Act; monitor issues impacting private and public securities offerings; CFPB grants for protection against senior fraud; monitor other issues impacting state securities regulators.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1018 - Improving Corporate Governance Through Diversity Act of 2019; entire bill H.R. 1595 - Secure and Fair Enforcement Banking Act of 2019 or the SAFE Banking Act of 2019; provisions relating to provision of services to legitimate state-approved businesses H.R. 1876 - Senior Security Act of 2019; entire bill H.R. 2513 - Corporate Transparency Act of 2019; entire bill H.R. 4117 - IRA Preservation Act of 2019; entire bill H.R. 4335 - 8-K Trading Gap Act of 2019; entire bill H.R. 5084 - Improving Corporate Governance Through Diversity Act of 2019; entire bill H.R. 6339 - To temporarily ban stock buybacks until the impact of COVID-19 on the American financial system has ended; entire bill H.R. 6364 - Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act of 2020; entire bill H.R. 6371 - To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes; entire bill H.R. 6994 - Registration for Index-Linked Annuities Act; entire bill H.R. 7777 - Paycheck Protection Small Business Forgiveness Act; entire bill S. 603 - Financial Stability Oversight Council Improvement Act of 2019; entire bill S. 945 - Holding Foreign Companies Accountable Act; entire bill S. 3456 - Consumer Data Privacy and Security Act of 2020; entire bill S. 3795 - Registration for Index Linked Annuities Act of 2020; entire bill S. 3962 - Asset Growth Restriction Act; entire bill S. 4116 - A bill to extend the authority for commitments for the paycheck protection program and separate amounts authorized for other loans under section 7(a) of the Small Business Act, and for other purposes; entire bill S. 4117 - Paycheck Protection Small Business Forgiveness Act; entire bill Not Yet Introduced: Bipartisan Privacy bill; entire bill Not Yet Introduced: Diverse Investment Advisors Act; entire bill Not Yet Introduced: Consumer Data Privacy Act; provisions including those relating to data collection, privacy and protection of data, algorithms, definitions, control, enforcement and preemption

H.R. 1876 (Senior Security Act of 2019); H.R. 2513 (Corporate Transparency Act of 2019); S. 452 (Fostering Innovation Act of 2019); S. 2499 (A bill to require the Financial Industry Regulatory Authority to establish a relief fund to provide investors with the full value of unpaid arbitration awards issued against brokerage firms or brokers regulated by the Authority. 115th Cong.); Accounting standards for municipalities; CFTC cross-border guidance exemptive order; CFTC exemptive order on extraterritorial scope of Title VII; Release No. 34-71958, Security-Based Swap Dealers Recordkeeping; Regulation AB II (asset backed securities - Securities and Exchange Commission, Consumer Financial Protection Bureau); Futures Commission Merchant and Introducing Broker Conflicts of Interest Policies and Procedures; Inter-affiliate swap transactions; Trade policy issues (general); China "Secure and Controllable" information and communication technologies (ICT) regulations; Mutual Fund 12b-1 Fees; Senior investors/diminished capacity investors; Diversity & Inclusion initiatives in the financial services industry; P.L. 106-229 (E-Sign Act); Issues related to restitution and disgorgement (not yet introduced); Legislation related to the FINRA arbitration system for broker-dealers; Housing finance reform (general); SEC Proposed Exemptive Order on Municipal Advisors Acting As Placement Agents; S. 1236, the Municipal Securities Rulemaking Board Reform Act of 2019; H.R. 609, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019; H.R. 1815, SEC Disclosure Effectiveness Testing Act of 2019; S. 1719 - Senior Security Act of 2019; H.R. 5336 - Investor Choice Act of 2019; Public Law 116-136, CARES Act; S. 4129 - LOCAL Infrastructure Act; S. 4203 - American Infrastructure Bonds Act of 2020; H.R.6242 - SEC Relief to Slow the Spread of Coronavirus Act of 2020; S.945/H.R. 7000 - Holding Foreign Companies Accountable Act; H.R. 2 - Moving Forward Act; S. 2866 - Rural Broadband Financing Flexibility Act; H.R. 7857 - Connect America Now (CAN) Act; S. 3550 - Municipal Bonds Emergency Relief Act.

H.R. 1439 (Increase Access to a Secure Retirement Act of 2019); H.R. 1516 (Wall Street Tax Act of 2019); H.R. 1876 (Senior Security Act of 2019); H.R. 1907 (Retirement Security for American Workers Act); H.R. 1993 (To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the rules relating to multiple employer plans and pooled employer plans and to modify PBGC premiums for CSEC plans); H.R. 1994 (Setting Every Community up for Retirement Enhancement (SECURE) Act of 2019); S. 647 (Wall Street Tax Act of 2019); S. 1431 (Retirement Security and Savings Act of 2019); S. 1719 (Senior Security Act of 2019); Tax incentives for retirement savings; SEC Final Regulation Best Interest; Senior Investor Report and Hold concept legislation; Electronic delivery of retirement plan documents and disclosures; Public Law 116-136, CARES Act; H.R. 4117 (IRA Preservation Act of 2019); H.R.6800 (The Heroes Act); S.1428/H.R.6276 (Retirement Parity for Student Loans Act); S. 1431 (Retirement Security and Savings Act of 2019), various retirement and savings provisions); SECURE Act 2.0, not yet introduced (provisions relating to RMD safe harbor and age increase, employer matching incentives, catch-up contribution increases, and student loan payments); Department of Labor proposed rule on defining plan fiduciaries' duties under ERISA; Department of Labor proposed prohibited transaction exemption on investment advice; Department of Labor Proposed proxy advisor rule; Department of Labor proposed ESG rule.

Client expense: $1,400,000 · Firm income: Not reported

DOL - EBSA - Financial Factors in Selecting Plan Investments - ZRIN 1210-AB95. DOL - EBSA - Improving Investment Advice for Workers and Retirees - ZRIN 1210-ZA29. DOL - EBSA - Registration Requirements for Pooled Plan Providers - RIN 1210-AB94. DOL - EBSA - Pension Benefit Statements-Lifetime Income Illustrations - RIN 1210-AB20. DOL - EBSA - Fiduciary Duties Regarding Proxy Voting and Shareholder Rights - RIN 1210-AB91. SEC - Reporting Threshold for Institutional Investment Managers - RIN 3235-AM65. SEC Regulation Best Interest (17 CFR Part 240). SEC Commission Interpretation Regarding Standard of Conduct for Investment Advisers; Request for Comment on Enhancing Investment Adviser Regulation (17 CFR Part 275). SEC Form CRS Relationship Summary; Amendments to Form ADV; Required Disclosures in Retail Communications and Restrictions on the use of Certain Names or Titles (17 CFR Parts 240, 249, 275 and 279). SEC Proposal Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts (17 CFR Parts 230, 232, 239, 240, 270, and 274). Treasury - IRS Proposed Rulemaking: Updated Life Expectancy and Distribution Period Tables Used for Purposes of Determining Minimum Required Distributions (26 CFR Part 1 [REG-132210-18] RIN 1545-BP11.) Legislation and rulemaking affecting annuities, variable life products and retirement savings including Trump Administration and Congressional proposals on tax reform. Public Law 111-203, Dodd-Frank Wall Street Reform and Consumer Protection Act, implementation and regulatory reform. Implementation of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption. Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. Elder Protection and Abuse Prevention Act (H.R. 6744 - 115th Congress). Consumer Data Privacy Act - (Sen. Wyden (D-OR) - Discussion Draft). Consumer Information Notification Requirement Act (H.R. 6743 - 115th Congress). Refund to Rainy Day Savings Act (S.1018 - 116th Congress). Strengthening Financial Security Through Short-Term Savings Accounts Act of 2019 (S.1019 - 116th Congress). Wall Street Tax Act of 2019 (S.647/H.R. 1516 - 116th Congress). SEC Disclosure Effectiveness Testing Act (H.R. 1815 - 116th Congress). Senior Security Act (H.R. 1876 - 116th Congress). Primary Regulators of Insurance Vote Act of 2019 (S. 1298/H.R. 2479 - 116th Congress). Advancing Innovation to Assist Law Enforcement Act (H.R. 2613 - 116th Congress). Inclusive Prosperity Act of 2019 (S.1587/H.R. 2923 - 116th Congress). Financial Services and General Government Appropriations Act, 2020 (H.R. 3351 - 116th Congress). CECL Consumer Impact and Study Bill of 2019 (H.R. 3182 - 116th Congress). Continued Encouragement for Consumer Lending Act (S.1564 - 116th Congress). Corporate Management Accountability Act of 2019 (S.1885/H.R. 4320 - 116th Congress). Cybersecurity and Financial System Resilience Act of 2019 (H.R. 4458 - 116th Congress). Diversity in Corporate Leadership Act of 2019 (H.R.3279 - 116th Congress). Ensuring Diverse Leadership Act of 2019 (S.65/H.R.281 - 116th Congress). ESG Disclosure Simplification Act of 2019 (H.R. 4329 - 116th Congress). Financial Transparency Act of 2019 (H.R. 4476 - 116th Congress). Forced Arbitration Injustice Repeal (FAIR) Act (H.R. 1423 - 116th Congress). Greater Accountability in Pay Act of 2019 (H.R. 4242 - 116th Congress). International Insurance Standards Act (H.R. 4592 - 116th Congress). Investor Protection & Capital Markets Fairness Act (H.R. 4344 - 116th Congress). Stop Debt Collection Abuse Act (S.2516/H.R. 4403 - 116th Congress). The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act (H.R. 6800). Implementation of the Coronavirus Aid, Relief and Economic Security (CARES) Act (Public Law No: 116-136). DOL implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). Treasury/IRS implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). SEC implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020 (H.R. 6364). Senior Investor Pandemic and Fraud Protection Act - House Financial Services National Security, International Development and Monetary Policy Subcommittee (Discussion Draft). The Secure and Fair Enforcement (SAFE) Banking Act (S.1200/H.R. 1595 - 116th Congress). House Energy and Commerce Committee - Privacy Bill (Discussion Draft). COVID-19 Consumer Data Protection Act (S.3663 - 116th Congress). Registered Index Linked Annuity Act (S.3795/H.R. 6994 - 116th Congress). Defense, Commerce, Justice, Science, Energy and Water Development, Financial Services and General Government, Labor, Health and Human Services, Education, Transportation, Housing, and Urban Development Appropriations Act, 2021 (H.R.7617 -- 116th Congress). Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020 (S.3533/H.R.6364 - 116th Congress). The Edith Shorougian Senior Victims of Fraud Compensation Act (Ediths Bill) (S.3487/H.R.7620 - 116th Congress). The E-SIGN Modernization Act. (S. 4159 - 116th Congress). The HEROES Act (H.R. 925 - 116th Congress). Safe to Work Act (S. 4317 - 116th Congress). Continuing Small Business Recovery and Paycheck Protection Program Act (S. 4321 - 116th Congress).

DOL - EBSA Proposed Definition of Employer under Section 3(5) of ERISA - Association Retirement Plans and Other Multiple-Employer Plans Rule (29 CFR Part 2510). DOL - EBSA Request for Information - Open MEPs and Other Issues under Section 3(5) of the Employee Retirement Income Security Act (29 CFR Parts 2510). DOL - EBSA Proposed Rulemaking Default Electronic Disclosure by Employee Pension Benefit Plans Under ERISA (29 CFR Part 2520 RIN 1210-AB90). DOL - EBSA Proposed PTE for Pooled Employer Plans Under the SECURE Act and Other Multiple Employer Plans RFI (85 FR 36880 - Application No. D-12010 - Document Number: 2020-13142). DOL - EBSA - Prohibited Transactions Involving Pooled Employer Plans Under the SECURE Act and Other Multiple Employer Plans - RIN: 1210-ZA28. DOL - EBSA - Financial Factors in Selecting Plan Investments - ZRIN 1210-AB95. DOL - EBSA - Improving Investment Advice for Workers and Retirees - ZRIN 1210-ZA29. DOL - EBSA - Registration Requirements for Pooled Plan Providers - RIN 1210-AB94. DOL - EBSA - Pension Benefit Statements-Lifetime Income Illustrations - RIN 1210-AB20. DOL - EBSA - Fiduciary Duties Regarding Proxy Voting and Shareholder Rights - RIN 1210-AB91. SEC Proposal - Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts (17 CFR Parts 230, 232, 239, 240, 270, and 274). Legislation and rulemaking affecting annuities, variable life products and retirement savings including Trump Administration and Congressional proposals on tax reform. Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Treasury - IRS Proposed Rulemaking: Multiple Employer Plans (26 CFR Part 1 [REG-121508-18] RIN 1545-BO97). Treasury - IRS Proposed Rulemaking: Updated Life Expectancy and Distribution Period Tables Used for Purposes of Determining Minimum Required Distributions (26 CFR Part 1 [REG-132210-18] RIN 1545-BP11). Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. The Receiving Electronic Statements to Improve Retiree Earnings Act (H.R. 4610 - 115th Congress). The Automatic Retirement Plan Act of 2017 (H.R. 4523 - 115th Congress). The Retirement Plan Simplification Act of 2017 (H.R. 4524 - 115th Congress). Elder Protection and Abuse Prevention Act (H.R. 6744 - 115th Congress). Women's Retirement Protection Act (S.975/H.R. 2005- 116th Congress). Retirement Security Flexibility Act of 2019 (S.1020 - 116th Congress). Refund to Rainy Day Savings Act (S.1018 - 116th Congress). A bill to amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the requirements for multiple employer plans, and for other purposes (S.1011 - 116th Congress). Strengthening Financial Security Through Short-Term Savings Accounts Act of 2019 (S.1019 - 116th Congress). Savings for the Future Act (H.R. 2120 - 116th Congress). Social Security 2100 Act (S.269/H.R. 860 - 116th Congress). SIMPLE Plan Modernization Act (S.322 - 116th Congress). Retirement Security Act of 2019 (S.321 - 116th Congress). Surviving Widow(er) Income Fair Treatment (SWIFT) Act (S.345 - 116th Congress). SEC Disclosure Effectiveness Testing Act (H.R. 1815 - 116th Congress). Retirement Security for American Workers Act (H.R. 1907 - 116th Congress). Senior Security Act (H.R. 1876 - 116th Congress). Expanding Access to Retirement Savings for Caregivers Act (H.R. 3078 - 116th Congress). Retirement Parity for Student Loans Act (S.1428 - 116th Congress). Legacy IRA Act (S.1257 - 116th Congress). Retirement Security Preservation Act of 2019 (S.2352 - 116th Congress). Implementation of Coronavirus Aid, Relief and Economic Security (CARES) Act (Public Law No: 116-136). DOL implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). Treasury/IRS implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). SEC implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020 (H.R. 6364). Securing Additional Value for Every Retirement Saver (SAVERS) Act (H.R.6562). Application of ERISA to Insurance Company General Accounts and General Account Contracts (H.R. 7278 - 115th Session). The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act (H.R. 6800). Senior Investor Pandemic and Fraud Protection Act - House Financial Services National Security, International Development and Monetary Policy Subcommittee (Discussion Draft). The Secure and Fair Enforcement (SAFE) Banking Act (S.1200/H.R. 1595 - 116th Congress). The Servicemember Retirement Improvement Act (H.R. 905 - 116th Congress). Registered Index Linked Annuity Act (S.3795/H.R. 6994 - 116th Congress). Defense, Commerce, Justice, Science, Energy and Water Development, Financial Services and General Government, Labor, Health and Human Services, Education, Transportation, Housing, and Urban Development Appropriations Act, 2021 (H.R.7617 - 116th Congress). Retirement Savings Lost & Found Act 2020 S.4192/H.R. 7439 - 116th Congress). The Edith Shorougian Senior Victims of Fraud Compensation Act (Ediths Bill) (S.3487/H.R.7620 - 116th Congress). Addressing Missing-savings Opportunities for Retirement due to an Epidemic Act (AMORE Act) (S.4297 - 116th Congress). Military Spouses Retirement Security Act (H.R. 7927 - 116th Congress). Preserving Employee Retirement Savings Act (H.R. 8083 - 116th Congress). The E-SIGN Modernization Act. (S. 4159 - 116th Congress). The HEROES Act (H.R. 925 - 116th Congress). American Workers, Families, and Employers Assistance Act (S.4318 - 116th Congress).

H.R. 1439 (Increase Access to a Secure Retirement Act of 2019); H.R. 1516 (Wall Street Tax Act of 2019); H.R. 1876 (Senior Security Act of 2019); H.R. 1907 (Retirement Security for American Workers Act); H.R. 1993 (To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the rules relating to multiple employer plans and pooled employer plans and to modify PBGC premiums for CSEC plans); H.R. 1994 (Setting Every Community up for Retirement Enhancement (SECURE) Act of 2019); S. 647 (Wall Street Tax Act of 2019); S. 1431 (Retirement Security and Savings Act of 2019); S. 1719 (Senior Security Act of 2019); Senior investor protection legislation; Tax incentives for retirement savings; SEC Final Regulation Best Interest; Senior Investor Report and Hold concept legislation; Electronic delivery of retirement plan documents and disclosures; Public Law 116-136, CARES Act; H.R. 4117 (IRA Preservation Act of 2019); H.R.6800 (The Heroes Act); S.1428/H.R.6276 (Retirement Parity for Student Loans Act); S. 1431 (Retirement Security and Savings Act of 2019), various retirement and savings provisions); SECURE Act 2.0, not yet introduced (provisions relating to RMD safe harbor and age increase, employer matching incentives, catch-up contribution increases, and student loan payments); Department of Labor proposed rule on defining plan fiduciaries' duties under ERISA; Department of Labor proposed prohibited transaction exemption on investment advice.

Client expense: $1,450,000 · Firm income: Not reported

H.R. 609 (Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019); H.R. 1815 (SEC Disclosure Effectiveness Testing Act); H.R. 1876 (Senior Security Act of 2019); H.R. 2513 (Corporate Transparency Act of 2019); H.R. 2515 (To amend the Securities and Exchange Act of 1934 to amend the definition of whistleblower); S. 452 (Fostering Innovation Act of 2019); S. 536 (Encouraging Public Offerings Act of 2019); S. 2499 (A bill to require the Financial Industry Regulatory Authority to establish a relief fund to provide investors with the full value of unpaid arbitration awards issued against brokerage firms or brokers regulated by the Authority. 115th Cong.); Swap execution facilities; Swap dealer, major swap participant, and futures commission merchant chief compliance officer; Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation (including Section 913; Section 914; Systemic risk regulation and liquidation authority; Section 342 (Office of Minority and Women Inclusion); Section 621; Section 941; Title I and Title II); India Market Access Issues; Accounting standards for municipalities; CFTC cross-border guidance exemptive order; CFTC exemptive order on extraterritorial scope of Title VII; Commodity Pools and Securitization; Securities and Exchange Commission Rules 15Ba1-1 through 15Ba1-8; Release No. 34-71958, Security-Based Swap Dealers Recordkeeping; Regulation AB II (asset backed securities - Securities and Exchange Commission, Consumer Financial Protection Bureau); Futures Commission Merchant and Introducing Broker Conflicts of Interest Policies and Procedures; Inter-affiliate swap transactions; Trade policy issues (general); China "Secure and Controllable" information and communication technologies (ICT) regulations; Mutual Fund 12b-1 Fees; Senior investors/diminished capacity investors; Broker-dealers/investment advisers mitigation of accounts; Diversity & Inclusion initiatives in the financial services industry; Data localization requirements in the Trans-Pacific Partnership; Swap Execution Facilities (SEFs) and clearing for swaps; Global FX Code of Conduct; Decision to delay implementation for margin for non-centrally cleared swaps; Municipal information disclosure regulation; Data Breach Notification Federal Standard; The Brokaw Act (not yet reintroduced); Exchange Regulatory Improvement Act (not yet reintroduced); Fair Investment Opportunities for Professional Experts Act (not yet reintroduced); Small Business Audit Correction Act of 2018 (not yet reintroduced); Options Markets Stability Act (not yet reintroduced); National Senior Investor Initiative Act of 2018 (not yet reintroduced); Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018 (not yet reintroduced); P.L. 106-229 (E-Sign Act); United States-Mexico-Canada Agreement (USMCA); Legislation related to Securities and Exchange Commission Regulation A; Issues related to restitution and disgorgement (not yet introduced); Legislation related to the FINRA arbitration system for broker-dealers; Housing finance reform (general); Financial technology (FinTech) issues (general); Issues related to the proposed Bad Actor Disqualification Act of 2019; Improving Investment Research for Small and Emerging Issuers Act (not yet reintroduced); SEC Proposed Exemptive Order on Municipal Advisors Acting As Placement Agents; S. 1236, the Municipal Securities Rulemaking Board Reform Act of 2019; H.R. 609, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019; H.R. 1815, SEC Disclosure Effectiveness Testing Act of 2019; SEC Regulation Best Interest; S. 1719 - Senior Security Act of 2019; H.R. 4233 - Options Markets Stability Act; H.R. 5336 - Investor Choice Act of 2019; Fiscal Year 2021 Financial Services and General Government Appropriations bill; Public Law 116-136, CARES Act; S. 3550 - Municipal Bonds Emergency Relief Act; LOCAL Infrastructure Act (Wicker Advance Refunding); American Infrastructure Bonds Act (Wicker direct pay bonds); H.R.6242 - SEC Relief to Slow the Spread of Coronavirus Act of 2020; S.945/H.R. 7000 - Holding Foreign Companies Accountable Act; H.R. 2 - Moving Forward Act.

H.R. 266 - the Paycheck Protection Program and Health Care Enhancement Act; entire bill H.R. 1018 - Improving Corporate Governance Through Diversity Act of 2019; entire bill H.R. 1595 - Secure and Fair Enforcement Banking Act of 2019 or the SAFE Banking Act of 2019; provisions relating to provision of services to legitimate state-approved businesses H.R. 1876 - Senior Security Act of 2019; entire bill H.R. 2513 - Corporate Transparency Act of 2019; entire bill H.R. 6364 - Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act of 2020; entire bill H.R. 6371 - To amend the Securities Exchange Act of 1934 to require issuers to disclose risks related to global pandemics, and for other purposes; entire bill H.R. 6994 - Registration for Index-Linked Annuities Act; entire bill S. 603 - Financial Stability Oversight Council Improvement Act of 2019; entire bill S. 945 - Holding Foreign Companies Accountable Act; entire bill S. 3456 - Consumer Data Privacy and Security Act of 2020; entire bill S. 3795 - Registration for Index Linked Annuities Act of 2020; entire bill S. 3962 - Asset Growth Restriction Act; entire bill S. 4116 - A bill to extend the authority for commitments for the paycheck protection program and separate amounts authorized for other loans under section 7(a) of the Small Business Act, and for other purposes; entire bill Not Yet Introduced: Bipartisan Privacy bill sponsored by Reps. Cathy McMorris-Rodgers & Rep. Jan Schakowsky Not Yet Introduced: Diverse Investment Advisors Act Not Yet Introduced: Consumer Data Privacy Act sponsored by Senator Roger Wicker; provisions including those relating to data collection, privacy and protection of data, algorithms, definitions, control, enforcement and preemption

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

HR 1876 and S 1719, the Senior Security Act; monitor issues impacting private and public securities offerings; CFPB grants for protection against senior fraud; monitor other issues impacting state securities regulators.

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

Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, SENATE

DOL - EBSA Proposed Definition of Employer under Section 3(5) of ERISA - Association Retirement Plans and Other Multiple-Employer Plans Rule (29 CFR Part 2510). DOL - EBSA Request for Information - Open MEPs and Other Issues under Section 3(5) of the Employee Retirement Income Security Act (29 CFR Parts 2510). DOL - EBSA Proposed Rulemaking Default Electronic Disclosure by Employee Pension Benefit Plans Under ERISA (29 CFR Part 2520 RIN 1210-AB90). DOL - EBSA Proposed PTE for Pooled Employer Plans Under the SECURE Act and Other Multiple Employer Plans RFI (85 FR 36880 - Application No. D-12010 - Document Number: 2020-13142). DOL - EBSA Proposed Financial Factors in Selecting Plan Investments Rule (85 FR 39113 - 29 CFR 2550 - RIN: 1210-AB95 - Document Number: 2020-13705). SEC Proposal - Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts (17 CFR Parts 230, 232, 239, 240, 270, and 274). Legislation and rulemaking affecting annuities, variable life products and retirement savings including Trump Administration and Congressional proposals on tax reform. Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Treasury - IRS Proposed Rulemaking: Multiple Employer Plans (26 CFR Part 1 [REG-121508-18] RIN 1545-BO97). Treasury - IRS Proposed Rulemaking: Updated Life Expectancy and Distribution Period Tables Used for Purposes of Determining Minimum Required Distributions (26 CFR Part 1 [REG-132210-18] RIN 1545-BP11). Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. The Receiving Electronic Statements to Improve Retiree Earnings Act (H.R. 4610 - 115th Congress). The Automatic Retirement Plan Act of 2017 (H.R. 4523 - 115th Congress). The Retirement Plan Simplification Act of 2017 (H.R. 4524 - 115th Congress). Elder Protection and Abuse Prevention Act (H.R. 6744 - 115th Congress). Women's Retirement Protection Act (S.975/H.R. 2005- 116th Congress). Retirement Security Flexibility Act of 2019 (S.1020 - 116th Congress). Refund to Rainy Day Savings Act (S.1018 - 116th Congress). A bill to amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the requirements for multiple employer plans, and for other purposes (S.1011 - 116th Congress). Strengthening Financial Security Through Short-Term Savings Accounts Act of 2019 (S.1019 - 116th Congress). Savings for the Future Act (H.R. 2120 - 116th Congress). Social Security 2100 Act (S.269/H.R. 860 - 116th Congress). SIMPLE Plan Modernization Act (S.322 - 116th Congress). Retirement Security Act of 2019 (S.321 - 116th Congress). Surviving Widow(er) Income Fair Treatment (SWIFT) Act (S.345 - 116th Congress). SEC Disclosure Effectiveness Testing Act (H.R. 1815 - 116th Congress). Retirement Security for American Workers Act (H.R. 1907 - 116th Congress). Senior Security Act (H.R. 1876 - 116th Congress). Expanding Access to Retirement Savings for Caregivers Act (H.R. 3078 - 116th Congress). Retirement Parity for Student Loans Act (S.1428 - 116th Congress). Legacy IRA Act (S.1257 - 116th Congress). Retirement Security Preservation Act of 2019 (S.2352 - 116th Congress). Implementation of Coronavirus Aid, Relief and Economic Security (CARES) Act (Public Law No: 116-136). DOL implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). Treasury/IRS implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). SEC implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020 (H.R. 6364). The Registration of Linked Indexed Annuity (RILA) Act (S.3795/H.R. 6994). Securing Additional Value for Every Retirement Saver (SAVERS) Act (H.R.6562). Application of ERISA to Insurance Company General Accounts and General Account Contracts (H.R. 7278 - 115th Session). The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act (H.R. 6800). Senior Investor Pandemic and Fraud Protection Act - House Financial Services National Security, International Development and Monetary Policy Subcommittee (Discussion Draft). The Secure and Fair Enforcement (SAFE) Banking Act (S.1200/H.R. 1595 - 116th Congress). The Servicemember Retirement Improvement Act (H.R. 905 - 116th Congress).

SEC Regulation Best Interest (17 CFR Part 240). SEC Commission Interpretation Regarding Standard of Conduct for Investment Advisers; Request for Comment on Enhancing Investment Adviser Regulation (17 CFR Part 275). SEC Form CRS Relationship Summary; Amendments to Form ADV; Required Disclosures in Retail Communications and Restrictions on the use of Certain Names or Titles (17 CFR Parts 240, 249, 275 and 279). SEC Proposal Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts (17 CFR Parts 230, 232, 239, 240, 270, and 274). Treasury - IRS Proposed Rulemaking: Updated Life Expectancy and Distribution Period Tables Used for Purposes of Determining Minimum Required Distributions (26 CFR Part 1 [REG-132210-18] RIN 1545-BP11.) Legislation and rulemaking affecting annuities, variable life products and retirement savings including Trump Administration and Congressional proposals on tax reform. Public Law 111-203, Dodd-Frank Wall Street Reform and Consumer Protection Act, implementation and regulatory reform. Implementation of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption. Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. Elder Protection and Abuse Prevention Act (H.R. 6744 - 115th Congress). Consumer Data Privacy Act - (Sen. Wyden (D-OR) - Discussion Draft). Consumer Information Notification Requirement Act (H.R. 6743 - 115th Congress). Refund to Rainy Day Savings Act (S.1018 - 116th Congress). Strengthening Financial Security Through Short-Term Savings Accounts Act of 2019 (S.1019 - 116th Congress). Wall Street Tax Act of 2019 (S.647/H.R. 1516 - 116th Congress). SEC Disclosure Effectiveness Testing Act (H.R. 1815 - 116th Congress). Senior Security Act (H.R. 1876 - 116th Congress). Primary Regulators of Insurance Vote Act of 2019 (S. 1298/H.R. 2479 - 116th Congress). Advancing Innovation to Assist Law Enforcement Act (H.R. 2613 - 116th Congress). Inclusive Prosperity Act of 2019 (S.1587/H.R. 2923 - 116th Congress). Financial Services and General Government Appropriations Act, 2020 (H.R. 3351 - 116th Congress). CECL Consumer Impact and Study Bill of 2019 (H.R. 3182 - 116th Congress). Continued Encouragement for Consumer Lending Act (S.1564 - 116th Congress). Corporate Management Accountability Act of 2019 (S.1885/H.R. 4320 - 116th Congress). Cybersecurity and Financial System Resilience Act of 2019 (H.R. 4458 - 116th Congress). Diversity in Corporate Leadership Act of 2019 (H.R.3279 - 116th Congress). Ensuring Diverse Leadership Act of 2019 (S.65/H.R.281 - 116th Congress). ESG Disclosure Simplification Act of 2019 (H.R. 4329 - 116th Congress). Financial Transparency Act of 2019 (H.R. 4476 - 116th Congress). Forced Arbitration Injustice Repeal (FAIR) Act (H.R. 1423 - 116th Congress). Greater Accountability in Pay Act of 2019 (H.R. 4242 - 116th Congress). International Insurance Standards Act (H.R. 4592 - 116th Congress). Investor Protection & Capital Markets Fairness Act (H.R. 4344 - 116th Congress). Stop Debt Collection Abuse Act (S.2516/H.R. 4403 - 116th Congress). The Registration of Linked Indexed Annuity (RILA) Act (S.3795/H.R. 6994). The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act (H.R. 6800). Implementation of the Coronavirus Aid, Relief and Economic Security (CARES) Act (Public Law No: 116-136). DOL implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). Treasury/IRS implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). SEC implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020 (H.R. 6364). Senior Investor Pandemic and Fraud Protection Act - House Financial Services National Security, International Development and Monetary Policy Subcommittee (Discussion Draft). The Secure and Fair Enforcement (SAFE) Banking Act (S.1200/H.R. 1595 - 116th Congress). House Energy and Commerce Committee - Privacy Bill (Discussion Draft). COVID-19 Consumer Data Protection Act (S.3663 - 116th Congress).

-S.1431, Retirement Security and Savings Act - To amend the Internal Revenue Code of 1986 to encourage retirement and family savings, and for other purposes. (Portman/Cardin II) -H.R.1993, to modify the rules relating to multiple employer plans and pooled employer plans and to modify PBGC premiums for CSEC plans. -H.R. 860, the Social Security 2100 Act - To protect our Social Security system and improve benefits for current and future generations. -H.R. 1043, S. 460, the Employer Participation in Repayment Act - This bill expands the tax exclusion for employer-provided educational assistance to include payments of qualified education loans by an employer to either an employee or a lender. -H.R. 4610 (2017), RETIRE Act - authorize the electronic delivery of pension plan documents required to be furnished to a plan participant, beneficiary, or other individual. -H.R.1043; S. 460, Participation in Repayment Act of 2019, Student Debt repayments through employer contributions -H.R.7203 (2018), Long-Term Care Account Act - allows tax-exempt long-term care accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. -H.R. 1516. S. 647, Wall Street Tax Act - to impose a tax on certain trading transactions S. 1019, Strengthening Financial Security Through Short-Term Savings Act - allow employers to automatically enroll their workers into emergency savings accounts (ESAs) in addition to retirement accounts. S. 1018, Refund to Rainy Day Savings Act -allow individuals to defer receipt of 20 percent of their tax refund for 180 days, at which time the deferred amount is paid with interest. H.R. 2120, S. 1053, Saving for the Future Act - require employers with 10 or more employees to contribute 50 cents for every hour worked by an employee (including part-time employees) to a savings account. H.R. 1876, Senior Security Act of 2019 - to establish an interdivisional task force at the Securities and Exchange Commission (SEC) to develop recommendations to increase protections for older investors who are most vulnerable to exploitation. S. 1435, Federal Retirement Commission Act - establish a federal commission to review private retirement benefit programs and submit a report to Congress S. 354/H.R. 982, A bill to avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes H.R. 3078, Expanding Access to Retirement Savings for Caregivers Act - To amend the Internal Revenue Code of 1986 to reduce the age for making catch-up contributions to retirement accounts to take into account time out of the workforce to provide dependent care services. H.R. 1907, Retirement Security for American Workers Act - To amend the Internal Revenue Code of 1986 to modify the qualification requirements with respect to certain multiple employer plans with pooled plan providers, and for other purposes. H. Res. 328, Supporting the protection of elders through financial literacy - expresses the understanding that continued education and cooperation among law enforcement, financial institutions, regulatory agencies, and private sector organizations are necessary to combat elder financial exploitation. S. 345, Surviving Widow(er) Income Fair Treatment (SWIFT) Act - To amend title II of the Social Security Act to increase survivors benefits for disabled widows, widowers, and surviving divorced spouses S. 975/H.R. 2005, Women's Retirement Protection Act - To amend the Employee Retirement Income Security Act of 1974 to provide for greater spousal protection under defined contribution plans Issue: SEC/DOL Best Interest Standard of Care S. ___, Daft legislation to allow retirement plan funds to pay for long-term care insurance (Toomey) H.R. 1865, the Further Consolidated Appropriations Act of 2020 - government funding package including certain retirement security changes. Add: S. 2962, the Higher Education Loan Payment and Enhanced Retirement (HELPER) Act -- individuals to take up to $5,250 from their 401(k) or IRA each year to help pay for college or pay down student loan debt HR 5991, S. 3358, Part-Time Worker Bill of Rights Act -- ERISA to give part-time workers who have worked at least 500 hours for two consecutive years access to retirement plans if they are offered by their employers to full-time workers. H.R. 5306, the Know Your Social Security Act--require the Social Security Administration to mail annual earnings statements to everyone who pays into the program. HR 5726, Senior Housing IRA Act of 2020 -- amends capital gains treatment from the sale or exchange of a principal residence qualified individuals so long as money is used for retirement. HR 5296, S. 2976, Advancing Support for Working Families Act - Paid family leave to allow advance of child tax credits for birth/adoption DRAFT: HR ___, -- retirement security legislation including Automatic Retirement Plan Act and the Retirement Plan Simplification and Enhancement Act. S. 3341, CEO and Worker Pension Fairness Act - to make NQDC plans taxable when they vest. H.R. 5958, Senior Health Planning Account Act -allow seniors to use life settlement proceeds, tax-free, to pay for health care costs via Senior Heath Planning Accounts HR 6257, Public Service Retirement Fairness Act - permit 403(b) plans to invest in collective investment trusts (CITs) DRAFT, HR __, to allow ETFs within variable insurance products. HR 6276 Retirement Parity for Student Loans Act 2020- permit retirement plans to make matching contributions to workers as if their student loan payments were retirement contributions H.R. 6562, Securing Additional Value for Every Retirement Saver (SAVERS) Act - temporarily raises contribution limits on tax-preferred retirement savings plans and individual retirement accounts. H.R. 6994, S. 3795, Registration for Index Linked Annuities (RILA) Act - directs SEC to devise a new filing form for registered index-linked annuities (RILAs) H.R. 6732, To direct the Secretary of the Treasury to modify certain regulations relating to insurance-dedicated exchange-traded funds - to allow ETFs in variable insurance products

H.R. 1018 - Improving Corporate Governance Through Diversity Act of 2019; entire bill H.R. 1423 - the Forced Arbitration Injustice Repeal Act; entire bill H.R. 1595 - Secure and Fair Enforcement Banking Act of 2019 or the SAFE Banking Act of 2019; provisions relating to provision of services to legitimate state-approved businesses H.R. 1731 - Cybersecurity Disclosure Act of 2019; entire bill H.R. 1815 - SEC Disclosure Effectiveness Testing Act; entire bill H.R. 1876 - Senior Security Act of 2019; entire bill H.R. 2513 - Corporate Transparency Act of 2019; entire bill H.R. 2534 - Insider Trading Prohibition Act; entire bill H.R. 3623 - Climate Risk Disclosure Act of 2019; entire bill H.R. 4242 - Greater Accountability in Pay Act of 2019; entire bill H.R. 4329 - ESG Disclosure Simplification Act of 2019; entire bill H.R. 4335 - 8-K Trading Gap Act of 2019; entire bill H.R. 4344 - the Investor Protection and Capital Markets Fairness Act; entire bill H.R. 4476 - Financial Transparency Act; entire bill H.R. 5050 - Protecting Consumers Access to Credit Act; entire bill H.R. 5084 - Improving Corporate Governance Through Diversity Act; entire bill H.R. 5322 - Ensuring Diversity in Community Banking Act of 2019 H.R. 5336 - Investor Choice Act of 2019; entire bill H.R. 5929 - Shareholder Political Transparency Act of 2020; entire bill H.R. 5930 - Workforce Investment Disclosure Act; entire bill S. 603 - Financial Stability Oversight Council Improvement Act of 2019; entire bill S. 1200 - Secure and Fair Enforcement Banking Act of 2019 or the SAFE Banking Act of 2019; provisions relating to provision of services to a legitimate marijuana-related business S. 2391 - Stock Buyback Reform and Worker Dividend Act of 2019; provisions relating to stock buyback S. 2563 - The ILLICIT CASH Act; provisions relating to money laundering and beneficial ownership S. 3456 - Consumer Data Privacy and Security Act of 2020; entire bill Not Yet Introduced: Wyden Proposal to Fix Broken Tax Code, Equalize Treatment of Wages and Wealth, Protect Social Security Not Yet Introduced: Bipartisan Privacy bill sponsored by Reps. Cathy McMorris-Rodgers & Rep. Jan Schakowsky Not Yet Introduced: Diverse Investment Advisors Act Not Yet Introduced: Consumer Data Privacy Act sponsored by Senator Roger Wicker; provisions including those relating to data collection, privacy and protection of data, algorithms, definitions, control, enforcement and preemption Not Yet Introduced: CFTC Reauthorization; provisions relating to investment advisor commodity pool operator registration

H.R. 609 (Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019); H.R. 1815 (SEC Disclosure Effectiveness Testing Act); H.R. 1876 (Senior Security Act of 2019); H.R. 2513 (Corporate Transparency Act of 2019); H.R. 2515 (To amend the Securities and Exchange Act of 1934 to amend the definition of whistleblower); H.R. 3351 (Financial Services and General Government Appropriations Act, 2020); S. 452 (Fostering Innovation Act of 2019); S. 536 (Encouraging Public Offerings Act of 2019); S. 2499 (A bill to require the Financial Industry Regulatory Authority to establish a relief fund to provide investors with the full value of unpaid arbitration awards issued against brokerage firms or brokers regulated by the Authority. 115th Cong.); Senate Banking Committee request for information on privacy and data protection for consumers. Swap execution facilities; Swap dealer, major swap participant, and futures commission merchant chief compliance officer; Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation (including Section 913; Section 914; Systemic risk regulation and liquidation authority; Section 342 (Office of Minority and Women Inclusion); Section 621; Section 941; Title I and Title II); India Market Access Issues; India Financial Sector Reform; Accounting standards for municipalities; Privacy, cybersecurity, and data aggregation issues (general); CFTC cross-border guidance exemptive order; CFTC exemptive order on extraterritorial scope of Title VII; Commodity Pools and Securitization; Securities and Exchange Commission Rules 15Ba1-1 through 15Ba1-8; Release No. 34-71958, Security-Based Swap Dealers Recordkeeping; Regulation AB II (asset backed securities - Securities and Exchange Commission, Consumer Financial Protection Bureau); Futures Commission Merchant and Introducing Broker Conflicts of Interest Policies and Procedures; Inter-affiliate swap transactions; Trade policy issues (general); China "Secure and Controllable" information and communication technologies (ICT) regulations; Mutual Fund 12b-1 Fees; Senior investors/diminished capacity investors; Broker-dealers/investment advisers mitigation of accounts; Diversity & Inclusion initiatives in the financial services industry; Data localization requirements in the Trans-Pacific Partnership; Swap Execution Facilities (SEFs) and clearing for swaps; Global FX Code of Conduct; Decision to delay implementation for margin for non-centrally cleared swaps; Municipal information disclosure regulation; US and China 100-day trade talks; Data Breach Notification Federal Standard; The Brokaw Act (not yet reintroduced); Exchange Regulatory Improvement Act (not yet reintroduced); Fair Investment Opportunities for Professional Experts Act (not yet reintroduced); Small Business Audit Correction Act of 2018 (not yet reintroduced); Options Markets Stability Act (not yet reintroduced); National Senior Investor Initiative Act of 2018 (not yet reintroduced); Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018 (not yet reintroduced); Improving Investment Research for Small and Emerging Issuers Act (not yet reintroduced); P.L. 106-229 (E-Sign Act); Section 956 of the Dodd Frank Act (Incentive Compensation); United States-Mexico-Canada Agreement (USMCA); Legislation related to Securities and Exchange Commission Regulation A; Issues related to restitution and disgorgement (not yet introduced); Legislation related to the FINRA arbitration system for broker-dealers; Housing finance reform (general); Financial technology (FinTech) issues (general); Issues related to the proposed Bad Actor Disqualification Act of 2019; Issues related to H.R.264, the Fiscal Year 2019 Financial Services and General Government Appropriations Act; Options Markets Stability Act (not yet reintroduced); Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018 (not yet reintroduced); Improving Investment Research for Small and Emerging Issuers Act (not yet reintroduced); SEC Proposed Exemptive Order on Municipal Advisors Acting As Placement Agents; S. 1236, the Municipal Securities Rulemaking Board Reform Act of 2019; H.R. 609, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019; H.R. 1815, SEC Disclosure Effectiveness Testing Act of 2019; SEC Regulation Best Interest; S. 1719 - Senior Security Act of 2019; H.R. 4233 - Options Markets Stability Act; H.R. 5336 - Investor Choice Act of 2019; S. 2992 - Investor Choice Act of 2019; Fiscal Year 2021 Financial Services and General Government Appropriations bill; H.R. 748 - CARES Act; S. 3550 - Municipal Bonds Emergency Relief Act.

H.R. 1439 (Increase Access to a Secure Retirement Act of 2019); H.R. 1516 (Wall Street Tax Act of 2019); H.R. 1815 (SEC Disclosure Effectiveness Testing Act); H.R. 1876 (Senior Security Act of 2019); H.R. 1907 (Retirement Security for American Workers Act); H.R. 1993 (To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the rules relating to multiple employer plans and pooled employer plans and to modify PBGC premiums for CSEC plans); H.R. 1994 (Setting Every Community up for Retirement Enhancement (SECURE) Act of 2019); S. 647 (Wall Street Tax Act of 2019); S. 1431 (Retirement Security and Savings Act of 2019); S. 1719 (Senior Security Act of 2019); Senior investor protection legislation; Tax incentives for retirement savings; SEC Final Regulation Best Interest; Senior Investor Report and Hold concept legislation; Electronic delivery of retirement plan documents and disclosures; H.R. 748 CARES Act.

Client expense: $1,540,000 · Firm income: Not reported

HR 1876 and S 1719, the Senior Security Act; monitor issues impacting private and public securities offerings; CFPB grants for protection against senior fraud; monitor other issues impacting state securities regulators.

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

Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, SENATE

-S.1431, Retirement Security and Savings Act - To amend the Internal Revenue Code of 1986 to encourage retirement and family savings, and for other purposes. (Portman/Cardin II) -H.R.1993, to modify the rules relating to multiple employer plans and pooled employer plans and to modify PBGC premiums for CSEC plans. -H.R. 860, the Social Security 2100 Act - To protect our Social Security system and improve benefits for current and future generations. -H.R. 1043, S. 460, the Employer Participation in Repayment Act - This bill expands the tax exclusion for employer-provided educational assistance to include payments of qualified education loans by an employer to either an employee or a lender. -H.R. 4610 (2017), RETIRE Act - authorize the electronic delivery of pension plan documents required to be furnished to a plan participant, beneficiary, or other individual. -H.R.1815, SEC Disclosure Effectiveness Testing Act - require the Securities and Exchange Commission, when developing rules and regulations about disclosures to retail investors, to conduct investor testing -H.R.1043; S. 460, Participation in Repayment Act of 2019, Student Debt repayments through employer contributions -H.R.7203 (2018), Long-Term Care Account Act - allows tax-exempt long-term care accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. -H.R. 1516. S. 647, Wall Street Tax Act - to impose a tax on certain trading transactions S. 1019, Strengthening Financial Security Through Short-Term Savings Act - allow employers to automatically enroll their workers into emergency savings accounts (ESAs) in addition to retirement accounts. S. 1018, Refund to Rainy Day Savings Act -allow individuals to defer receipt of 20 percent of their tax refund for 180 days, at which time the deferred amount is paid with interest. H.R. 2120, S. 1053, Saving for the Future Act - require employers with 10 or more employees to contribute 50 cents for every hour worked by an employee (including part-time employees) to a savings account. HR 3351, Financial Services and General Government Appropriations Act -prohibit the SEC from implementing or enforcing Regulation Best Interest. H.R. 1876, Senior Security Act of 2019 - to establish an interdivisional task force at the Securities and Exchange Commission (SEC) to develop recommendations to increase protections for older investors who are most vulnerable to exploitation. S. 1435, Federal Retirement Commission Act - establish a federal commission to review private retirement benefit programs and submit a report to Congress S. 354/H.R. 982, A bill to avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes H.R. 3078, Expanding Access to Retirement Savings for Caregivers Act - To amend the Internal Revenue Code of 1986 to reduce the age for making catch-up contributions to retirement accounts to take into account time out of the workforce to provide dependent care services. H.R. 1907, Retirement Security for American Workers Act - To amend the Internal Revenue Code of 1986 to modify the qualification requirements with respect to certain multiple employer plans with pooled plan providers, and for other purposes. H. Res. 328, Supporting the protection of elders through financial literacy - expresses the understanding that continued education and cooperation among law enforcement, financial institutions, regulatory agencies, and private sector organizations are necessary to combat elder financial exploitation. S. 345, Surviving Widow(er) Income Fair Treatment (SWIFT) Act - To amend title II of the Social Security Act to increase survivors benefits for disabled widows, widowers, and surviving divorced spouses S. 975/H.R. 2005, Women's Retirement Protection Act - To amend the Employee Retirement Income Security Act of 1974 to provide for greater spousal protection under defined contribution plans Issue: SEC/DOL Best Interest Standard of Care S. ___, Daft legislation to allow retirement plan funds to pay for long-term care insurance (Toomey) H.R. 1865, the Further Consolidated Appropriations Act of 2020 - government funding package including certain retirement security changes. Add: S. 2962, the Higher Education Loan Payment and Enhanced Retirement (HELPER) Act -- individuals to take up to $5,250 from their 401(k) or IRA each year to help pay for college or pay down student loan debt HR 5991, S. 3358, Part-Time Worker Bill of Rights Act -- ERISA to give part-time workers who have worked at least 500 hours for two consecutive years access to retirement plans if they are offered by their employers to full-time workers. H.R. 5306, the Know Your Social Security Act--require the Social Security Administration to mail annual earnings statements to everyone who pays into the program. HR 5726, Senior Housing IRA Act of 2020 -- amends capital gains treatment from the sale or exchange of a principal residence qualified individuals so long as money is used for retirement. HR 5296, S. 2976, Advancing Support for Working Families Act - Paid family leave to allow advance of child tax credits for birth/adoption DRAFT: HR ___, -- retirement security legislation including Automatic Retirement Plan Act and the Retirement Plan Simplification and Enhancement Act. S. 3341, CEO and Worker Pension Fairness Act - to make NQDC plans taxable when they vest. H.R. 5958, Senior Health Planning Account Act -allow seniors to use life settlement proceeds, tax-free, to pay for health care costs via Senior Heath Planning Accounts HR 6257, Public Service Retirement Fairness Act - permit 403(b) plans to invest in collective investment trusts (CITs) DRAFT, HR __, to allow ETFs within variable insurance products.

DOL - EBSA Proposed Definition of Employer under Section 3(5) of ERISA - Association Retirement Plans and Other Multiple-Employer Plans Rule (29 CFR Part 2510). DOL - EBSA - Request for Information - Open MEPs and Other Issues under Section 3(5) of the Employee Retirement Income Security Act (29 CFR Parts 2510). DOL- EBSA Proposed Rulemaking Default Electronic Disclosure by Employee Pension Benefit Plans Under ERISA (29 CFR Part 2520 RIN 1210-AB90). SEC Proposal - Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts (17 CFR Parts 230, 232, 239, 240, 270, and 274). Legislation and rulemaking affecting annuities, variable life products and retirement savings including Trump Administration and Congressional proposals on tax reform. Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Treasury - IRS Proposed Rulemaking: Multiple Employer Plans (26 CFR Part 1 [REG-121508-18] RIN 1545-BO97). Treasury - IRS Proposed Rulemaking: Updated Life Expectancy and Distribution Period Tables Used for Purposes of Determining Minimum Required Distributions (26 CFR Part 1 [REG-132210-18] RIN 1545-BP11). Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. The Receiving Electronic Statements to Improve Retiree Earnings Act (H.R. 4610 - 115th Congress). The Automatic Retirement Plan Act of 2017 (H.R. 4523 - 115th Congress). The Retirement Plan Simplification Act of 2017 (H.R. 4524 - 115th Congress). Elder Protection and Abuse Prevention Act (H.R. 6744 - 115th Congress). Women's Retirement Protection Act (S.975/H.R. 2005- 116th Congress). A bill to provide for an additional nondiscrimination safe harbor for automatic contribution arrangements (S.1020 - 116th Congress). A bill to establish the Refund to Rainy Day Savings Program (S.1018 - 116th Congress). A bill to amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the requirements for multiple employer plans, and for other purposes (S.1011 - 116th Congress). A bill to allow employers to offer short-term savings accounts with automatic contribution arrangements for financial emergencies (S.1019 - 116th Congress). Savings for the Future Act (H.R. 2120 - 116th Congress). Social Security 2100 Act (S.269/H.R. 860 - 116th Congress). SIMPLE Plan Modernization Act (S.322 - 116th Congress). Retirement Security Act of 2019 (S.321 - 116th Congress). Surviving Widow(er) Income Fair Treatment (SWIFT) Act (S.345 - 116th Congress). SEC Disclosure Effectiveness Testing Act (H.R. 1815 - 116th Congress). Retirement Security for American Workers Act (H.R. 1907 - 116th Congress). Senior Security Act (H.R. 1876 - 116th Congress). Expanding Access to Retirement Savings for Caregivers Act (H.R. 3078 - 116th Congress). Retirement Parity for Student Loans Act (S.1428 - 116th Congress). Legacy IRA Act (S.1257 - 116th Congress). Retirement Security Preservation Act of 2019 (S.2352 - 116th Congress). Division O of the Further Consolidated Appropriations Act, 2020 (H.R.1865 - 116th Congress). Coronavirus Aid, Relief and Economic Security (CARES) Act (H.R. 748 - 116th Congress). DOL implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). Treasury/IRS implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). SEC implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94).

SEC Regulation Best Interest (17 CFR Part 240). SEC Commission Interpretation Regarding Standard of Conduct for Investment Advisers; Request for Comment on Enhancing Investment Adviser Regulation (17 CFR Part 275). SEC Form CRS Relationship Summary; Amendments to Form ADV; Required Disclosures in Retail Communications and Restrictions on the use of Certain Names or Titles (17 CFR Parts 240, 249, 275 and 279). SEC Proposal Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts (17 CFR Parts 230, 232, 239, 240, 270, and 274). Treasury - IRS Proposed Rulemaking: Updated Life Expectancy and Distribution Period Tables Used for Purposes of Determining Minimum Required Distributions (26 CFR Part 1 [REG-132210-18] RIN 1545-BP11.) Legislation and rulemaking affecting annuities, variable life products and retirement savings including Trump Administration and Congressional proposals on tax reform. Public Law 111-203, Dodd-Frank Wall Street Reform and Consumer Protection Act, implementation and regulatory reform. Implementation of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption. Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. Elder Protection and Abuse Prevention Act (H.R. 6744 - 115th Congress). Consumer Data Privacy Act - (Sen. Wyden (D-OR) - Discussion Draft). Consumer Information Notification Requirement Act (H.R. 6743 - 115th Congress). A bill to establish the Refund to Rainy Day Savings Program (S.1018 - 116th Congress). A bill to allow employers to offer short-term savings accounts with automatic contribution arrangements for financial emergencies (S.1019 - 116th Congress). Wall Street Tax Act of 2019 (S.647/H.R. 1516 - 116th Congress). SEC Disclosure Effectiveness Testing Act (H.R. 1815 - 116th Congress). Senior Security Act (H.R. 1876 - 116th Congress). Primary Regulators of Insurance Vote Act of 2019 (S. 1298/H.R. 2479 - 116th Congress). Advancing Innovation to Assist Law Enforcement Act (H.R. 2613 - 116th Congress). Inclusive Prosperity Act of 2019 (S.1587/H.R. 2923 - 116th Congress). Financial Services and General Government Appropriations Act, 2020 (H.R. 3351 - 116th Congress). CECL Consumer Impact and Study Bill of 2019 (H.R. 3182 - 116th Congress). Continued Encouragement for Consumer Lending Act (S.1564 - 116th Congress). Corporate Management Accountability Act of 2019 (S.1885/H.R. 4320 - 116th Congress). Cybersecurity and Financial System Resilience Act of 2019 (H.R. 4458 - 116th Congress). Diversity in Corporate Leadership Act of 2019 (H.R.3279 - 116th Congress). Ensuring Diverse Leadership Act of 2019 (S.65/H.R.281 - 116th Congress). ESG Disclosure Simplification Act of 2019 (H.R. 4329 - 116th Congress). Financial Transparency Act of 2019 (H.R. 4476 - 116th Congress). Forced Arbitration Injustice Repeal (FAIR) Act (H.R. 1423 - 116th Congress). Greater Accountability in Pay Act of 2019 (H.R. 4242 - 116th Congress). International Insurance Standards Act (H.R. 4592 - 116th Congress). Investor Protection & Capital Markets Fairness Act (H.R. 4344 - 116th Congress). Stop Debt Collection Abuse Act (S.2516/H.R. 4403 - 116th Congress). Coronavirus Aid, Relief and Economic Security (CARES) Act (H.R. 748 - 116th Congress). DOL implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). Treasury/IRS implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94). SEC implementation of Division O of the Further Consolidated Appropriations Act 2020 (Public Law No: 116-94).

Financial Technology ("Fintech") the Inclusive Prosperity Act the Carried Interest Fairness Act of 2017 the Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act Nominations for SEC, CFTC, FDIC Reg BI SEC fiduciary rule Volcker Rule Implementation of S.2155 HR 1 - For the People Act H.R. 1516 - Wall Street Tax Act of 2019 S. 647 - Wall Street Tax Act of 2019 H.R. 1735 - Carried Interest Fairness Act of 2019 S. 781 - Carried Interest Fairness Act of 2019 S.915 - Reward Work Act of 2019 S.1063 - Helping Angels Lead Our Startups Act of 2019 S.733 - Consumer Financial Choice and Capital Markets Protection Act of 2019 S.452 - Fostering Innovation Act of 2019 H.R.609 - Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019 S.573 - Promoting Transparent Standards for Corporate Insiders Act H.R.624 - Promoting Transparent Standards for Corporate Insiders Act S.536 - Encouraging Public Offerings Act of 2019 S.566 - Expanding Access to Capital for Rural Job Creators Act H.R.1876 - Senior Security Act of 2019 Standardized Approach for Calculating the Exposure Amount of Derivatives Contracts Staples-Essendant merger Swap Execution Facilities and Trade Execution Requirement

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

Bank capital rules Banks stress tests Federal Deposit Insurance Corporation policies relating to bank employment Federal Reserve rating system for large financial institutions the Inclusive Prosperity Act the 21st Century Glass Steagall Act Nominations for SEC, CFTC, FDIC Volcker Rule Implementation of S.2155 HR 1 - For the People Act H.R. 1516 - Wall Street Tax Act of 2019 S. 647 - Wall Street Tax Act of 2019 S.915 - Reward Work Act of 2019 H.R. 2176 - Return to Prudent Banking Act of 2019 S.1063 - Helping Angels Lead Our Startups Act of 2019 S.733 - Consumer Financial Choice and Capital Markets Protection Act of 2019 S.452 - Fostering Innovation Act of 2019 H.R.609 - Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019 S.573 - Promoting Transparent Standards for Corporate Insiders Act H.R.624 - Promoting Transparent Standards for Corporate Insiders Act S.536 - Encouraging Public Offerings Act of 2019 S.566 - Expanding Access to Capital for Rural Job Creators Act H.R.1876 - Senior Security Act of 2019 Proposed Changes to Applicability Thresholds for Regulatory Capital and Liquidity Requirements Prudential Standards for Large Bank Holding Companies and Savings and Loan Holding Companies Standardized Approach for Calculating the Exposure Amount of Derivatives Contracts

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

H.R. 1018 - Improving Corporate Governance Through Diversity Act of 2019; entire bill H.R. 1423 - the Forced Arbitration Injustice Repeal Act; entire bill H.R. 1595 - Secure and Fair Enforcement Banking Act of 2019 or the SAFE Banking Act of 2019; provisions relating to provision of services to a legitimate marijuana-related business H.R. 1731 - Cybersecurity Disclosure Act of 2019; entire bill H.R. 1815 - SEC Disclosure Effectiveness Testing Act; entire bill H.R. 1865 - Further Consolidated Appropriations Act, 2020; Provisions relating to the SECURE Act, health insurance sales tax, and employer-provided health insurance plans excise tax H.R. 1876 - Senior Security Act of 2019; entire bill H.R. 2513 - Corporate Transparency Act of 2019; entire bill H.R. 2534 - Insider Trading Prohibition Act; entire bill H.R. 3351 - FY 20 Financial Services and General Government Appropriations; provisions relating to SEC funding H.R. 3623 - Climate Risk Disclosure Act of 2019; entire bill H.R. 4242 - Greater Accountability in Pay Act of 2019; entire bill H.R. 4329 - ESG Disclosure Simplification Act of 2019; entire bill H.R. 4335 - 8-K Trading Gap Act of 2019; entire bill H.R. 4344 - the Investor Protection and Capital Markets Fairness Act; entire bill H.R. 4476 - Financial Transparency Act; entire bill H.R. 5050 - Protecting Consumers Access to Credit Act; entire bill H.R. 5322 - Ensuring Diversity in Community Banking Act of 2019 H.R. 5336 - Investor Choice Act of 2019; entire bill S. 603 - Financial Stability Oversight Council Improvement Act of 2019; entire bill S. 1200 - Secure and Fair Enforcement Banking Act of 2019 or the SAFE Banking Act of 2019; provisions relating to provision of services to a legitimate marijuana-related business S. 2391 - Stock Buyback Reform and Worker Dividend Act of 2019; provisions relating to stock buyback S. 2563 - The ILLICIT CASH Act; provisions relating to money laundering and beneficial ownership Not Yet Introduced: Wyden Proposal to Fix Broken Tax Code, Equalize Treatment of Wages and Wealth, Protect Social Security Not Yet Introduced: Bipartisan Privacy bill sponsored by Reps. Cathy McMorris-Rodgers & Rep. Jan Schakowsky Not Yet Introduced: Diverse Asset Manager Act

H.R. 1007 (Retirement Enhancement and Savings Act of 2019); H.R. 1439 (Increase Access to a Secure Retirement Act of 2019); H.R. 1516 (Wall Street Tax Act of 2019); H.R. 1815 (SEC Disclosure Effectiveness Testing Act); H.R. 1876 (Senior Security Act of 2019); H.R. 1907 (Retirement Security for American Workers Act); H.R. 1993 (To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the rules relating to multiple employer plans and pooled employer plans and to modify PBGC premiums for CSEC plans); H.R. 1994 (Setting Every Community up for Retirement Enhancement (SECURE) Act of 2019); S. 647 (Wall Street Tax Act of 2019); S. 972 (Retirement Enhancement and Savings Act (RESA) of 2019); S. 1431 (Retirement Security and Savings Act of 2019); S. 1719 (Senior Security Act of 2019); Senior investor protection legislation; Tax incentives for retirement savings; SEC proposed Regulation Best Interest; Senior Investor Report and Hold concept legislation; Electronic delivery of retirement plan documents and disclosures; Reporting and withholding tax upon escheatment of IRA assets.

Client expense: $2,380,000 · Firm income: Not reported

H.R. 609 (Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019); H.R. 1815 (SEC Disclosure Effectiveness Testing Act); H.R. 1876 (Senior Security Act of 2019); H.R. 2513 (Corporate Transparency Act of 2019); H.R. 2515 (To amend the Securities and Exchange Act of 1934 to amend the definition of whistleblower); H.R. 3351 (Financial Services and General Government Appropriations Act, 2020); S. 452 (Fostering Innovation Act of 2019); S. 536 (Encouraging Public Offerings Act of 2019); S. 2499 (A bill to require the Financial Industry Regulatory Authority to establish a relief fund to provide investors with the full value of unpaid arbitration awards issued against brokerage firms or brokers regulated by the Authority. 115th Cong.); Senate Banking Committee request for information on privacy and data protection for consumers. Swap execution facilities; Swap dealer, major swap participant, and futures commission merchant chief compliance officer; Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation (including Section 913; Section 914; Systemic risk regulation and liquidation authority; Section 342 (Office of Minority and Women Inclusion); Section 621; Section 941; Title I and Title II); India Market Access Issues; India Financial Sector Reform; Accounting standards for municipalities; Privacy, cybersecurity, and data aggregation issues (general); CFTC cross-border guidance exemptive order; CFTC exemptive order on extraterritorial scope of Title VII; Commodity Pools and Securitization; Securities and Exchange Commission Rules 15Ba1-1 through 15Ba1-8; Release No. 34-71958, Security-Based Swap Dealers Recordkeeping; Regulation AB II (asset backed securities - Securities and Exchange Commission, Consumer Financial Protection Bureau); Futures Commission Merchant and Introducing Broker Conflicts of Interest Policies and Procedures; Inter-affiliate swap transactions; Trade policy issues (general); China "Secure and Controllable" information and communication technologies (ICT) regulations; Mutual Fund 12b-1 Fees; Senior investors/diminished capacity investors; Broker-dealers/investment advisers mitigation of accounts; Diversity & Inclusion initiatives in the financial services industry; Data localization requirements in the Trans-Pacific Partnership; Swap Execution Facilities (SEFs) and clearing for swaps; Global FX Code of Conduct; Decision to delay implementation for margin for non-centrally cleared swaps; Municipal information disclosure regulation; US and China 100-day trade talks; Data Breach Notification Federal Standard; The Brokaw Act (not yet reintroduced); Exchange Regulatory Improvement Act (not yet reintroduced); Fair Investment Opportunities for Professional Experts Act (not yet reintroduced); Small Business Audit Correction Act of 2018 (not yet reintroduced); Options Markets Stability Act (not yet reintroduced); National Senior Investor Initiative Act of 2018 (not yet reintroduced); Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018 (not yet reintroduced); Improving Investment Research for Small and Emerging Issuers Act (not yet reintroduced); P.L. 106-229 (E-Sign Act); Section 956 of the Dodd Frank Act (Incentive Compensation); United States-Mexico-Canada Agreement (USMCA); Issues related to the Investor Choice Act (not yet reintroduced); Legislation related to Securities and Exchange Commission Regulation A; Issues related to restitution and disgorgement (not yet introduced); Legislation related to the FINRA arbitration system for broker-dealers; Housing finance reform (general); Financial technology (FinTech) issues (general); Issues related to the proposed Bad Actor Disqualification Act of 2019; Issues related to H.R.264, the Fiscal Year 2019 Financial Services and General Government Appropriations Act; Options Markets Stability Act (not yet reintroduced); Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018 (not yet reintroduced); Improving Investment Research for Small and Emerging Issuers Act (not yet reintroduced); SEC Proposed Exemptive Order on Municipal Advisors Acting As Placement Agents; S. 1236, the Municipal Securities Rulemaking Board Reform Act of 2019; H.R. 609, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019; H.R. 1815, SEC Disclosure Effectiveness Testing Act of 2019; SEC Regulation Best Interest.

HR 1876 and S 1719, the Senior Security Act; monitor issues impacting private and public securities offerings; CFPB grants for protection against senior fraud; monitor other issues impacting state securities regulators.

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

Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, SENATE

SEC Regulation Best Interest (17 CFR Part 240). SEC Commission Interpretation Regarding Standard of Conduct for Investment Advisers; Request for Comment on Enhancing Investment Adviser Regulation (17 CFR Part 275). SEC Form CRS Relationship Summary; Amendments to Form ADV; Required Disclosures in Retail Communications and Restrictions on the use of Certain Names or Titles (17 CFR Parts 240, 249, 275 and 279). SEC Proposal Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts (17 CFR Parts 230, 232, 239, 240, 270, and 274). Treasury - IRS Proposed Rulemaking: Updated Life Expectancy and Distribution Period Tables Used for Purposes of Determining Minimum Required Distributions (26 CFR Part 1 [REG-132210-18] RIN 1545-BP11.) Legislation and rulemaking affecting annuities, variable life products and retirement savings including Trump Administration and Congressional proposals on tax reform. Public Law 111-203, Dodd-Frank Wall Street Reform and Consumer Protection Act, implementation and regulatory reform. Implementation of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption. Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. Elder Protection and Abuse Prevention Act (H.R. 6744 - 115th Congress). Consumer Data Privacy Act - (Sen. Wyden (D-OR) - Discussion Draft). Consumer Information Notification Requirement Act (H.R. 6743 - 115th Congress). A bill to establish the Refund to Rainy Day Savings Program (S.1018 - 116th Congress). A bill to allow employers to offer short-term savings accounts with automatic contribution arrangements for financial emergencies (S.1019 - 116th Congress). Wall Street Tax Act of 2019 (S.647/H.R. 1516 - 116th Congress). SEC Disclosure Effectiveness Testing Act (H.R. 1815 - 116th Congress). Senior Security Act (H.R. 1876 - 116th Congress). Primary Regulators of Insurance Vote Act of 2019 (S. 1298/H.R. 2479 - 116th Congress). Advancing Innovation to Assist Law Enforcement Act (H.R. 2613 - 116th Congress). Inclusive Prosperity Act of 2019 (S.1587/H.R. 2923 - 116th Congress). Financial Services and General Government Appropriations Act, 2020 (H.R. 3351 - 116th Congress). CECL Consumer Impact and Study Bill of 2019 (H.R. 3182 - 116th Congress). Continued Encouragement for Consumer Lending Act (S.1564 - 116th Congress). Corporate Management Accountability Act of 2019 (S.1885/H.R. 4320 - 116th Congress). Cybersecurity and Financial System Resilience Act of 2019 (H.R. 4458 - 116th Congress). Diversity in Corporate Leadership Act of 2019 (H.R.3279 - 116th Congress). Ensuring Diverse Leadership Act of 2019 (S.65/H.R.281 - 116th Congress). ESG Disclosure Simplification Act of 2019 (H.R. 4329 - 116th Congress). Financial Transparency Act of 2019 (H.R. 4476 - 116th Congress). Forced Arbitration Injustice Repeal (FAIR) Act (H.R. 1423 - 116th Congress). Greater Accountability in Pay Act of 2019 (H.R. 4242 - 116th Congress). International Insurance Standards Act (H.R. 4592 - 116th Congress). Investor Protection & Capital Markets Fairness Act (H.R. 4344 - 116th Congress). Stop Debt Collection Abuse Act (S.2516/H.R. 4403 - 116th Congress).

DOL - EBSA Proposed Definition of Employer under Section 3(5) of ERISA - Association Retirement Plans and Other Multiple-Employer Plans Rule (29 CFR Part 2510). DOL - EBSA - Request for Information - Open MEPs and Other Issues under Section 3(5) of the Employee Retirement Income Security Act (29 CFR Parts 2510). DOL- EBSA Proposed Rulemaking Default Electronic Disclosure by Employee Pension Benefit Plans Under ERISA (29 CFR Part 2520 RIN 1210-AB90). SEC Proposal - Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts (17 CFR Parts 230, 232, 239, 240, 270, and 274). Legislation and rulemaking affecting annuities, variable life products and retirement savings including Trump Administration and Congressional proposals on tax reform. Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Treasury - IRS Proposed Rulemaking: Multiple Employer Plans (26 CFR Part 1 [REG-121508-18] RIN 1545-BO97). Treasury - IRS Proposed Rulemaking: Updated Life Expectancy and Distribution Period Tables Used for Purposes of Determining Minimum Required Distributions (26 CFR Part 1 [REG-132210-18] RIN 1545-BP11). Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. The Receiving Electronic Statements to Improve Retiree Earnings Act (H.R. 4610 - 115th Congress). The Automatic Retirement Plan Act of 2017 (H.R. 4523 - 115th Congress). The Retirement Plan Simplification Act of 2017 (H.R. 4524 - 115th Congress). Elder Protection and Abuse Prevention Act (H.R. 6744 - 115th Congress). Setting Every Community Up for Retirement Enhancement (SECURE) Act (H.R. 1994 - 116th Congress). Women's Retirement Protection Act (S.975/H.R. 2005- 116th Congress). Retirement Enhancement and Savings Act (S.972/H.R. 1007 - 116th Congress). A bill to provide for an additional nondiscrimination safe harbor for automatic contribution arrangements (S.1020 - 116th Congress). A bill to establish the Refund to Rainy Day Savings Program (S.1018 - 116th Congress). A bill to amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the requirements for multiple employer plans, and for other purposes (S.1011 - 116th Congress). A bill to allow employers to offer short-term savings accounts with automatic contribution arrangements for financial emergencies (S.1019 - 116th Congress). Savings for the Future Act (H.R. 2120 - 116th Congress). Social Security 2100 Act (S.269/H.R. 860 - 116th Congress). SIMPLE Plan Modernization Act (S.322 - 116th Congress). Retirement Security Act of 2019 (S.321 - 116th Congress). Surviving Widow(er) Income Fair Treatment (SWIFT) Act (S.345 - 116th Congress). Increasing Access to a Secure Retirement Act (H.R. 1439 - 116th Congress). SEC Disclosure Effectiveness Testing Act (H.R. 1815 - 116th Congress). Retirement Security for American Workers Act (H.R. 1907 - 116th Congress). Senior Security Act (H.R. 1876 - 116th Congress). A bill to avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes (S.354/H.R. 982 - 116th Congress). Expanding Access to Retirement Savings for Caregivers Act (H.R. 3078 - 116th Congress). Retirement Parity for Student Loans Act (S.1428 - 116th Congress). Legacy IRA Act (S.1257 - 116th Congress). Lifetime Income Disclosure Act (S.1574/H.R. 2367 - 116th Congress). Retirement Security Preservation Act of 2019 (S.2352 - 116th Congress). Division O of the Further Consolidated Appropriations Act, 2020 (H.R.1865 - 116th Congress).

-H.R. 1994, Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 - to encourage retirement savings -H.R. 1007, S. 972, Retirement Enhancement and Savings Act of 2019 (RESA) - To amend the Internal Revenue Code of 1986 to encourage retirement savings, and for other purposes. -H.R. ___, Automatic Retirement Plan Act - to mandate employers provide employees with retirement savings opportunities, among other retirement related improvements. -S.1431, Retirement Security and Savings Act - To amend the Internal Revenue Code of 1986 to encourage retirement and family savings, and for other purposes. (Portman/Cardin II) -H.R.1993, to modify the rules relating to multiple employer plans and pooled employer plans and to modify PBGC premiums for CSEC plans. -H.R. 860, the Social Security 2100 Act - To protect our Social Security system and improve benefits for current and future generations. -H.R. 1084, Family Savings Act of 2019 - To amend the Internal Revenue Code of 1986 to encourage retirement and family savings, and for other purposes. -H.R.1938 - To amend the Internal Revenue Code of 1986 to provide a credit to small employers providing an eligible automatic contribution arrangement under a retirement savings plan. (start-up credit to encourage plans with auto-enrollment features. Included in SECURE Act) -H.R. 1439, the Increasing Access to a Secure Retirement Act -to provide a fiduciary safe harbor for the selection of a lifetime income provider, and for other purposes. -H.R. 1043, S. 460, the Employer Participation in Repayment Act - This bill expands the tax exclusion for employer-provided educational assistance to include payments of qualified education loans by an employer to either an employee or a lender. -S. 321 Retirement Security Act - amend the Internal Revenue Code of 1986 to modify safe harbor requirements applicable to automatic contribution arrangements -H.R. 4610 (2017), RETIRE Act - authorize the electronic delivery of pension plan documents required to be furnished to a plan participant, beneficiary, or other individual. -H.R.1815, SEC Disclosure Effectiveness Testing Act - require the Securities and Exchange Commission, when developing rules and regulations about disclosures to retail investors, to conduct investor testing -H.R.1043; S. 460, Participation in Repayment Act of 2019, Student Debt repayments through employer contributions -H.R.7203 (2018), Long-Term Care Account Act - allows tax-exempt long-term care accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. -H.R. 1516. S. 647, Wall Street Tax Act - to impose a tax on certain trading transactions S. 1011, Small Business Employees Retirement Enhancement Act-eliminate barriers to the formation of open multiple employer plans (MEPs) S. 1020, Retirement Flexibility Act - incentivize the adoption of automatic enrollment and automatic escalation by establishing three new regulatory safe harbors. S. 1019, Strengthening Financial Security Through Short-Term Savings Act - allow employers to automatically enroll their workers into emergency savings accounts (ESAs) in addition to retirement accounts. S. 1018, Refund to Rainy Day Savings Act -allow individuals to defer receipt of 20 percent of their tax refund for 180 days, at which time the deferred amount is paid with interest. H.R. 2120, S. 1053, Saving for the Future Act - require employers with 10 or more employees to contribute 50 cents for every hour worked by an employee (including part-time employees) to a savings account. HR 3351, Financial Services and General Government Appropriations Act -prohibit the SEC from implementing or enforcing Regulation Best Interest. H.R. 1876, Senior Security Act of 2019 - to establish an interdivisional task force at the Securities and Exchange Commission (SEC) to develop recommendations to increase protections for older investors who are most vulnerable to exploitation. S. 1435, Federal Retirement Commission Act - establish a federal commission to review private retirement benefit programs and submit a report to Congress S. 354/H.R. 982, A bill to avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes H.R. 3078, Expanding Access to Retirement Savings for Caregivers Act - To amend the Internal Revenue Code of 1986 to reduce the age for making catch-up contributions to retirement accounts to take into account time out of the workforce to provide dependent care services. S. 321, Retirement Security Act of 2019 - amend the Internal Revenue Code of 1986 to modify safe harbor requirements applicable to automatic contribution arrangements H.R. 1907, Retirement Security for American Workers Act - To amend the Internal Revenue Code of 1986 to modify the qualification requirements with respect to certain multiple employer plans with pooled plan providers, and for other purposes. H. Res. 328, Supporting the protection of elders through financial literacy - expresses the understanding that continued education and cooperation among law enforcement, financial institutions, regulatory agencies, and private sector organizations are necessary to combat elder financial exploitation. S. 345, Surviving Widow(er) Income Fair Treatment (SWIFT) Act - To amend title II of the Social Security Act to increase survivors benefits for disabled widows, widowers, and surviving divorced spouses S. 975/H.R. 2005, Women's Retirement Protection Act - To amend the Employee Retirement Income Security Act of 1974 to provide for greater spousal protection under defined contribution plans Issue: SEC/DOL Best Interest Standard of Care S. ___, Daft legislation to allow retirement plan funds to pay for long-term care insurance (Toomey) H.R. 1865, the Further Consolidated Appropriations Act of 2020 - government funding package including certain retirement security changes.

H.R. 609 (Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019); H.R. 1815 (SEC Disclosure Effectiveness Testing Act); H.R. 1876 (Senior Security Act of 2019); H.R. 2513 (Corporate Transparency Act of 2019); H.R. 2515 (To amend the Securities and Exchange Act of 1934 to amend the definition of whistleblower); H.R. 3351 (Financial Services and General Government Appropriations Act, 2020); S. 452 (Fostering Innovation Act of 2019); S. 536 (Encouraging Public Offerings Act of 2019); S. 2499 (A bill to require the Financial Industry Regulatory Authority to establish a relief fund to provide investors with the full value of unpaid arbitration awards issued against brokerage firms or brokers regulated by the Authority. 115th Cong.); Senate Banking Committee request for information on privacy and data protection for consumers. Swap execution facilities; Swap dealer, major swap participant, and futures commission merchant chief compliance officer; Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation (including Section 913; Section 914; Systemic risk regulation and liquidation authority; Section 342 (Office of Minority and Women Inclusion); Section 621; Section 941; Title I and Title II); India Market Access Issues; India Financial Sector Reform; Accounting standards for municipalities; Privacy, cybersecurity, and data aggregation issues (general); CFTC cross-border guidance exemptive order; CFTC exemptive order on extraterritorial scope of Title VII; Jumpstart our Business Startups (JOBS) Act implementation; Commodity Pools and Securitization; Securities and Exchange Commission Rules 15Ba1-1 through 15Ba1-8; Release No. 34-71958, Security-Based Swap Dealers Recordkeeping; Regulation AB II (asset backed securities - Securities and Exchange Commission, Consumer Financial Protection Bureau); Futures Commission Merchant and Introducing Broker Conflicts of Interest Policies and Procedures; Inter-affiliate swap transactions; Trade policy issues (general); China "Secure and Controllable" information and communication technologies (ICT) regulations; Mutual Fund 12b-1 Fees; Senior investors/diminished capacity investors; Broker-dealers/investment advisers mitigation of accounts; Diversity & Inclusion initiatives in the financial services industry; Data localization requirements in the Trans-Pacific Partnership; Swap Execution Facilities (SEFs) and clearing for swaps; Global FX Code of Conduct; Decision to delay implementation for margin for non-centrally cleared swaps; Municipal information disclosure regulation; US and China 100-day trade talks; Data Breach Notification Federal Standard; ETF Regulation; The Brokaw Act (not yet reintroduced); Exchange Regulatory Improvement Act (not yet reintroduced); Fair Investment Opportunities for Professional Experts Act (not yet reintroduced); Small Business Audit Correction Act of 2018 (not yet reintroduced); Options Markets Stability Act (not yet reintroduced); National Senior Investor Initiative Act of 2018 (not yet reintroduced); Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018 (not yet reintroduced); Improving Investment Research for Small and Emerging Issuers Act (not yet reintroduced); P.L. 106-229 (E-Sign Act); Section 956 of the Dodd Frank Act (Incentive Compensation); United States-Mexico-Canada Agreement (USMCA); Issues related to the Investor Choice Act (not yet reintroduced); Legislation related to Securities and Exchange Commission Regulation A; Issues related to restitution and disgorgement (not yet introduced); Legislation related to the FINRA arbitration system for broker-dealers; Housing finance reform (general); Financial technology (FinTech) issues (general); Issues related to the proposed Bad Actor Disqualification Act of 2019; Issues related to H.R.264, the Fiscal Year 2019 Financial Services and General Government Appropriations Act; Options Markets Stability Act (not yet reintroduced); Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018 (not yet reintroduced); Improving Investment Research for Small and Emerging Issuers Act (not yet reintroduced).

H.R. 1007 (Retirement Enhancement and Savings Act of 2019); H.R. 1439 (Increase Access to a Secure Retirement Act of 2019); H.R. 1516 (Wall Street Tax Act of 2019); H.R. 1815 (SEC Disclosure Effectiveness Testing Act); H.R. 1876 (Senior Security Act of 2019); H.R. 1907 (Retirement Security for American Workers Act); H.R. 1993 (To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the rules relating to multiple employer plans and pooled employer plans and to modify PBGC premiums for CSEC plans); H.R. 1994 (Setting Every Community up for Retirement Enhancement (SECURE) Act of 2019); S. 647 (Wall Street Tax Act of 2019); S. 972 (Retirement Enhancement and Savings Act (RESA) of 2019); S. 1431 (Retirement Security and Savings Act of 2019); S. 1719 (Senior Security Act of 2019); Senior investor protection legislation; Tax incentives for retirement savings; SEC proposed Regulation Best Interest; Senior Investor Report and Hold concept legislation; Electronic delivery of retirement plan documents and disclosures; Reporting and withholding tax upon escheatment of IRA assets.

Client expense: $1,500,000 · Firm income: Not reported

HR 1876 and S 1719, the Senior Security Act; HR 624 Transparent Standards for Corporate Insiders Act; monitor issues impacting arbitration and securities; monitor issues impacting state securities regulators. H.Res 456, a resolution recognizing 100 years of state securities regulation and protection of the investing public;

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

Government targets: Consumer Financial Protection Bureau (CFPB), HOUSE OF REPRESENTATIVES, SENATE

H.R. 1007 (Retirement Enhancement and Savings Act of 2019); H.R. 1439 (Increase Access to a Secure Retirement Act of 2019); H.R. 1516 (Wall Street Tax Act of 2019); H.R. 1815 (SEC Disclosure Effectiveness Testing Act); H.R. 1876 (Senior Security Act of 2019); H.R. 1907 (Retirement Security for American Workers Act); H.R. 1993 (To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the rules relating to multiple employer plans and pooled employer plans and to modify PBGC premiums for CSEC plans); H.R. 1994 (Setting Every Community up for Retirement Enhancement (SECURE) Act of 2019); S. 647 (Wall Street Tax Act of 2019); S. 972 (Retirement Enhancement and Savings Act (RESA) of 2019); S. 1431 (Retirement Security and Savings Act of 2019); S. 1719 (Senior Security Act of 2019); Senior investor protection legislation; Tax incentives for retirement savings; SEC proposed Regulation Best Interest; Senior Investor Report and Hold concept legislation; Electronic delivery of retirement plan documents and disclosures; Reporting and withholding tax upon escheatment of IRA assets.

Client expense: $1,500,000 · Firm income: Not reported

H.R. 609 (Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019); H.R. 1815 (SEC Disclosure Effectiveness Testing Act); H.R. 1876 (Senior Security Act of 2019); H.R. 2513 (Corporate Transparency Act of 2019); H.R. 2515 (To amend the Securities and Exchange Act of 1934 to amend the definition of whistleblower); H.R. 3351 (Financial Services and General Government Appropriations Act, 2020); S. 452 (Fostering Innovation Act of 2019); S. 536 (Encouraging Public Offerings Act of 2019); S. 2499 (A bill to require the Financial Industry Regulatory Authority to establish a relief fund to provide investors with the full value of unpaid arbitration awards issued against brokerage firms or brokers regulated by the Authority. 115th Cong.); Senate Banking Committee request for information on privacy and data protection for consumers. Swap execution facilities; Swap dealer, major swap participant, and futures commission merchant chief compliance officer; Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation (including Section 913; Section 914; Systemic risk regulation and liquidation authority; Section 342 (Office of Minority and Women Inclusion); Section 621; Section 941; Title I and Title II); India Market Access Issues; India Financial Sector Reform; Accounting standards for municipalities; Privacy, cybersecurity, and data aggregation issues (general); CFTC cross-border guidance exemptive order; CFTC exemptive order on extraterritorial scope of Title VII; Jumpstart our Business Startups (JOBS) Act implementation; Commodity Pools and Securitization; Securities and Exchange Commission Rules 15Ba1-1 through 15Ba1-8; Release No. 34-71958, Security-Based Swap Dealers Recordkeeping; Regulation AB II (asset backed securities - Securities and Exchange Commission, Consumer Financial Protection Bureau); Futures Commission Merchant and Introducing Broker Conflicts of Interest Policies and Procedures; Inter-affiliate swap transactions; Trade policy issues (general); China "Secure and Controllable" information and communication technologies (ICT) regulations; Mutual Fund 12b-1 Fees; Senior investors/diminished capacity investors; Broker-dealers/investment advisers mitigation of accounts; Diversity & Inclusion initiatives in the financial services industry; Data localization requirements in the Trans-Pacific Partnership; Swap Execution Facilities (SEFs) and clearing for swaps; Global FX Code of Conduct; Decision to delay implementation for margin for non-centrally cleared swaps; Municipal information disclosure regulation; US and China 100-day trade talks; Data Breach Notification Federal Standard; ETF Regulation; The Brokaw Act (not yet reintroduced); Exchange Regulatory Improvement Act (not yet reintroduced); Fair Investment Opportunities for Professional Experts Act (not yet reintroduced); Small Business Audit Correction Act of 2018 (not yet reintroduced); Options Markets Stability Act (not yet reintroduced); National Senior Investor Initiative Act of 2018 (not yet reintroduced); Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018 (not yet reintroduced); Improving Investment Research for Small and Emerging Issuers Act (not yet reintroduced); P.L. 106-229 (E-Sign Act); Section 956 of the Dodd Frank Act (Incentive Compensation); United States-Mexico-Canada Agreement (USMCA); Issues related to the Investor Choice Act (not yet reintroduced); Legislation related to Securities and Exchange Commission Regulation A; Issues related to restitution and disgorgement (not yet introduced); Legislation related to the FINRA arbitration system for broker-dealers; Housing finance reform (general); Financial technology (FinTech) issues (general); Issues related to the proposed Bad Actor Disqualification Act of 2019; Issues related to H.R.264, the Fiscal Year 2019 Financial Services and General Government Appropriations Act; Options Markets Stability Act (not yet reintroduced); Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018 (not yet reintroduced); Improving Investment Research for Small and Emerging Issuers Act (not yet reintroduced).

H.R. 1018 - Improving Corporate Governance Through Diversity Act of 2019; entire bill H.R. 1423 - the Forced Arbitration Injustice Repeal Act; entire bill H.R. 1595 - Secure and Fair Enforcement Banking Act of 2019 or the SAFE Banking Act of 2019; provisions relating to provision of services to a legitimate marijuana-related business H.R. 1815 - SEC Disclosure Effectiveness Testing Act; entire bill H.R. 1876 - Senior Security Act of 2019; entire bill H.R. 2513 - Corporate Transparency Act of 2019; entire bill H.R. 2534 - Insider Trading Prohibition Act; entire bill H.R. 3351 - FY 20 Financial Services and General Government Appropriations; provisions relating to SEC funding H.R. 3623 - Climate Risk Disclosure Act of 2019; entire bill H.R. 4242 - Greater Accountability in Pay Act of 2019; entire bill H.R. 4320 - Corporate Management Accountability Act of 2019; entire bill H.R. 4329 - ESG Disclosure Simplification Act of 2019; entire bill H.R. 4335 - 8-K Trading Gap Act of 2019; entire bill H.R. 4476 - Financial Transparency Act; entire bill S. 603 - Financial Stability Oversight Council Improvement Act of 2019; entire bill S. 1200 - Secure and Fair Enforcement Banking Act of 2019 or the SAFE Banking Act of 2019; provisions relating to provision of services to a legitimate marijuana-related business S. 2075 - Climate Risk Disclosure Act of 2019; entire bill S. 2391 - Stock Buyback Reform and Worker Dividend Act of 2019; provisions relating to stock buyback S. 2563 - The ILLICIT CASH Act; provisions relating to money laundering and beneficial ownership Not Yet Introduced: Investor Choice Act of 2019 sponsored by Rep. Bill Foster Not Yet Introduced: Wyden Proposal to Fix Broken Tax Code, Equalize Treatment of Wages and Wealth, Protect Social Security Not Yet Introduced: Diverse Asset Manager Act

DOL - EBSA Proposed Definition of Employer under Section 3(5) of ERISA - Association Retirement Plans and Other Multiple-Employer Plans Rule (29 CFR Part 2510). DOL - EBSA - Request for Information - Open MEPs and Other Issues under Section 3(5) of the Employee Retirement Income Security Act (29 CFR Parts 2510). SEC Proposal - Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts (17 CFR Parts 230, 232, 239, 240, 270, and 274). Legislation and rulemaking affecting annuities, variable life products and retirement savings including Trump Administration and Congressional proposals on tax reform. Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Treasury Department - IRS - Multiple Employer Plans - (26 CFR Part 1 [REG-121508-18]). Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. The Receiving Electronic Statements to Improve Retiree Earnings Act (H.R. 4610 - 115th Congress). The Automatic Retirement Plan Act of 2017 (H.R. 4523 - 115th Congress). The Retirement Plan Simplification Act of 2017 (H.R. 4524 - 115th Congress). Elder Protection and Abuse Prevention Act (H.R. 6744 - 115th Congress). Setting Every Community Up for Retirement Enhancement (SECURE) Act (H.R. 1994 - 116th Congress). Women's Retirement Protection Act (S.975/H.R. 2005- 116th Congress). Retirement Enhancement and Savings Act (S.972/H.R. 1007 - 116th Congress). A bill to provide for an additional nondiscrimination safe harbor for automatic contribution arrangements (S.1020 - 116th Congress). A bill to establish the Refund to Rainy Day Savings Program (S.1018 - 116th Congress). A bill to amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the requirements for multiple employer plans, and for other purposes (S.1011 - 116th Congress). A bill to allow employers to offer short-term savings accounts with automatic contribution arrangements for financial emergencies (S.1019 - 116th Congress). Savings for the Future Act (H.R. 2120 - 116th Congress). Social Security 2100 Act (S.269/H.R. 860 - 116th Congress). SIMPLE Plan Modernization Act (S.322 - 116th Congress). Retirement Security Act of 2019 (S.321 - 116th Congress). Surviving Widow(er) Income Fair Treatment (SWIFT) Act (S.345 - 116th Congress). Increasing Access to a Secure Retirement Act (H.R. 1439 - 116th Congress). SEC Disclosure Effectiveness Testing Act (H.R. 1815 - 116th Congress). Retirement Security for American Workers Act (H.R. 1907 - 116th Congress). Senior Security Act (H.R. 1876 - 116th Congress). A bill to avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes (S.354/H.R. 982 - 116th Congress). Expanding Access to Retirement Savings for Caregivers Act (H.R. 3078 - 116th Congress). Retirement Parity for Student Loans Act (S.1428 - 116th Congress). Legacy IRA Act (S.1257 - 116th Congress). Lifetime Income Disclosure Act (S.1574/H.R. 2367 - 116th Congress). Expanding Access to Retirement Savings for Caregivers Act (H.R. 3078 - 116th Congress). Retirement Security Preservation Act of 2019 (S.2352 - 116th Congress).

SEC Regulation Best Interest (17 CFR Part 240). SEC Commission Interpretation Regarding Standard of Conduct for Investment Advisers; Request for Comment on Enhancing Investment Adviser Regulation (17 CFR Part 275). SEC Form CRS Relationship Summary; Amendments to Form ADV; Required Disclosures in Retail Communications and Restrictions on the use of Certain Names or Titles (17 CFR Parts 240, 249, 275 and 279). SEC Proposal Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts (17 CFR Parts 230, 232, 239, 240, 270, and 274). Legislation and rulemaking affecting annuities, variable life products and retirement savings including Trump Administration and Congressional proposals on tax reform. Public Law 111-203, Dodd-Frank Wall Street Reform and Consumer Protection Act, implementation and regulatory reform. Implementation of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption. Proposals at the Department of Treasury for increasing Americans' access to guaranteed lifetime income solutions. Proposals at the Department of Labor for increasing Americans' access to guaranteed lifetime income solutions. Department of Labor rule to expand the scope of persons and entities that would be considered a fiduciary under the Employee Retirement Income Security Act. Elder Protection and Abuse Prevention Act (H.R. 6744 - 115th Congress). Consumer Data Privacy Act - (Sen. Wyden (D-OR) - Discussion Draft). Consumer Information Notification Requirement Act (H.R. 6743 - 115th Congress). A bill to establish the Refund to Rainy Day Savings Program (S.1018 - 116th Congress). A bill to allow employers to offer short-term savings accounts with automatic contribution arrangements for financial emergencies (S.1019 - 116th Congress). Wall Street Tax Act of 2019 (S.647/H.R. 1516 - 116th Congress). SEC Disclosure Effectiveness Testing Act (H.R. 1815 - 116th Congress). Senior Security Act (H.R. 1876 - 116th Congress). Primary Regulators of Insurance Vote Act of 2019 (S. 1298/H.R. 2479 - 116th Congress). Advancing Innovation to Assist Law Enforcement Act (H.R. 2613 - 116th Congress). Inclusive Prosperity Act of 2019 (S.1587/H.R. 2923 - 116th Congress). Financial Services and General Government Appropriations Act, 2020 (H.R. 3351 - 116th Congress). CECL Consumer Impact and Study Bill of 2019 (H.R. 3182 - 116th Congress). Continued Encouragement for Consumer Lending Act (S.1564 - 116th Congress). Corporate Management Accountability Act of 2019 (S.1885/H.R. 4320 - 116th Congress). Cybersecurity and Financial System Resilience Act of 2019 (H.R. 4458 - 116th Congress). Diversity in Corporate Leadership Act of 2019 (H.R.3279 - 116th Congress). Ensuring Diverse Leadership Act of 2019 (S.65/H.R.281 - 116th Congress). ESG Disclosure Simplification Act of 2019 (H.R. 4329 - 116th Congress). Financial Transparency Act of 2019 (H.R. 4476 - 116th Congress). Forced Arbitration Injustice Repeal (FAIR) Act (H.R. 1423 - 116th Congress). Greater Accountability in Pay Act of 2019 (H.R. 4242 - 116th Congress). International Insurance Standards Act (H.R. 4592 - 116th Congress). Investor Protection & Capital Markets Fairness Act (H.R. 4344 - 116th Congress). Stop Debt Collection Abuse Act (S.2516/H.R. 4403 - 116th Congress).

-H.R. 1994, Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 - to encourage retirement savings -H.R. 1007, S. 972, Retirement Enhancement and Savings Act of 2019 (RESA) - To amend the Internal Revenue Code of 1986 to encourage retirement savings, and for other purposes. -H.R. ___, Automatic Retirement Plan Act - to mandate employers provide employees with retirement savings opportunities, among other retirement related improvements. -S.1431, Retirement Security and Savings Act - To amend the Internal Revenue Code of 1986 to encourage retirement and family savings, and for other purposes. (Portman/Cardin II) -H.R.1993, to modify the rules relating to multiple employer plans and pooled employer plans and to modify PBGC premiums for CSEC plans. -H.R. 860, the Social Security 2100 Act - To protect our Social Security system and improve benefits for current and future generations. -H.R. 1084, Family Savings Act of 2019 - To amend the Internal Revenue Code of 1986 to encourage retirement and family savings, and for other purposes. -H.R.1938 - To amend the Internal Revenue Code of 1986 to provide a credit to small employers providing an eligible automatic contribution arrangement under a retirement savings plan. (start-up credit to encourage plans with auto-enrollment features. Included in SECURE Act) -H.R. 1439, the Increasing Access to a Secure Retirement Act -to provide a fiduciary safe harbor for the selection of a lifetime income provider, and for other purposes. -H.R. 1043, S. 460, the Employer Participation in Repayment Act - This bill expands the tax exclusion for employer-provided educational assistance to include payments of qualified education loans by an employer to either an employee or a lender. -S. 321 Retirement Security Act - amend the Internal Revenue Code of 1986 to modify safe harbor requirements applicable to automatic contribution arrangements -H.R. 4610 (2017), RETIRE Act - authorize the electronic delivery of pension plan documents required to be furnished to a plan participant, beneficiary, or other individual. -H.R.1815, SEC Disclosure Effectiveness Testing Act - require the Securities and Exchange Commission, when developing rules and regulations about disclosures to retail investors, to conduct investor testing -H.R.1043; S. 460, Participation in Repayment Act of 2019, Student Debt repayments through employer contributions -H.R.7203 (2018), Long-Term Care Account Act - allows tax-exempt long-term care accounts that are funded using a taxpayer's gains from the sale or assignment of a life insurance contract. -H.R. 1516. S. 647, Wall Street Tax Act - to impose a tax on certain trading transactions S. 1011, Small Business Employees Retirement Enhancement Act-eliminate barriers to the formation of open multiple employer plans (MEPs) S. 1020, Retirement Flexibility Act - incentivize the adoption of automatic enrollment and automatic escalation by establishing three new regulatory safe harbors. S. 1019, Strengthening Financial Security Through Short-Term Savings Act - allow employers to automatically enroll their workers into emergency savings accounts (ESAs) in addition to retirement accounts. S. 1018, Refund to Rainy Day Savings Act -allow individuals to defer receipt of 20 percent of their tax refund for 180 days, at which time the deferred amount is paid with interest. H.R. 2120, S. 1053, Saving for the Future Act - require employers with 10 or more employees to contribute 50 cents for every hour worked by an employee (including part-time employees) to a savings account. HR 3351, Financial Services and General Government Appropriations Act -prohibit the SEC from implementing or enforcing Regulation Best Interest. H.R. 1876, Senior Security Act of 2019 - to establish an interdivisional task force at the Securities and Exchange Commission (SEC) to develop recommendations to increase protections for older investors who are most vulnerable to exploitation. S. 1435, Federal Retirement Commission Act - establish a federal commission to review private retirement benefit programs and submit a report to Congress S. 354/H.R. 982, A bill to avoid duplicative annual reporting under the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974, and for other purposes H.R. 3078, Expanding Access to Retirement Savings for Caregivers Act - To amend the Internal Revenue Code of 1986 to reduce the age for making catch-up contributions to retirement accounts to take into account time out of the workforce to provide dependent care services. S. 321, Retirement Security Act of 2019 - amend the Internal Revenue Code of 1986 to modify safe harbor requirements applicable to automatic contribution arrangements H.R. 1907, Retirement Security for American Workers Act - To amend the Internal Revenue Code of 1986 to modify the qualification requirements with respect to certain multiple employer plans with pooled plan providers, and for other purposes. H. Res. 328, Supporting the protection of elders through financial literacy - expresses the understanding that continued education and cooperation among law enforcement, financial institutions, regulatory agencies, and private sector organizations are necessary to combat elder financial exploitation. S. 345, Surviving Widow(er) Income Fair Treatment (SWIFT) Act - To amend title II of the Social Security Act to increase survivors benefits for disabled widows, widowers, and surviving divorced spouses S. 975/H.R. 2005, Women's Retirement Protection Act - To amend the Employee Retirement Income Security Act of 1974 to provide for greater spousal protection under defined contribution plans Issue: SEC/DOL Best Interest Standard of Care

Bank capital rules Banks stress tests Federal Deposit Insurance Corporation policies relating to bank employment Federal Reserve rating system for large financial institutions the Inclusive Prosperity Act the 21st Century Glass Steagall Act Nominations for SEC, CFTC, FDIC Volcker Rule Implementation of S.2155 HR 1 - For the People Act H.R. 1516 - Wall Street Tax Act of 2019 S. 647 - Wall Street Tax Act of 2019 S.915 - Reward Work Act of 2019 H.R. 2176 - Return to Prudent Banking Act of 2019 S.1063 - Helping Angels Lead Our Startups Act of 2019 S.733 - Consumer Financial Choice and Capital Markets Protection Act of 2019 S.452 - Fostering Innovation Act of 2019 H.R.609 - Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019 S.573 - Promoting Transparent Standards for Corporate Insiders Act H.R.624 - Promoting Transparent Standards for Corporate Insiders Act S.536 - Encouraging Public Offerings Act of 2019 S.566 - Expanding Access to Capital for Rural Job Creators Act H.R.1876 - Senior Security Act of 2019 Proposed Changes to Applicability Thresholds for Regulatory Capital and Liquidity Requirements Prudential Standards for Large Bank Holding Companies and Savings and Loan Holding Companies Standardized Approach for Calculating the Exposure Amount of Derivatives Contracts

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

Financial Technology ("Fintech") the Inclusive Prosperity Act the Carried Interest Fairness Act of 2017 the Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act Nominations for SEC, CFTC, FDIC Reg BI SEC fiduciary rule Volcker Rule Implementation of S.2155 HR 1 - For the People Act H.R. 1516 - Wall Street Tax Act of 2019 S. 647 - Wall Street Tax Act of 2019 H.R. 1735 - Carried Interest Fairness Act of 2019 S. 781 - Carried Interest Fairness Act of 2019 S.915 - Reward Work Act of 2019 S.1063 - Helping Angels Lead Our Startups Act of 2019 S.733 - Consumer Financial Choice and Capital Markets Protection Act of 2019 S.452 - Fostering Innovation Act of 2019 H.R.609 - Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019 S.573 - Promoting Transparent Standards for Corporate Insiders Act H.R.624 - Promoting Transparent Standards for Corporate Insiders Act S.536 - Encouraging Public Offerings Act of 2019 S.566 - Expanding Access to Capital for Rural Job Creators Act H.R.1876 - Senior Security Act of 2019 Standardized Approach for Calculating the Exposure Amount of Derivatives Contracts Staples-Essendant merger Swap Execution Facilities and Trade Execution Requirement

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

Financial Technology ("Fintech") the Inclusive Prosperity Act the Carried Interest Fairness Act of 2017 the Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act Nominations for SEC, CFTC, FDIC Reg BI SEC fiduciary rule Volcker Rule Implementation of S.2155 HR 1 - For the People Act H.R. 1516 - Wall Street Tax Act of 2019 S. 647 - Wall Street Tax Act of 2019 H.R. 1735 - Carried Interest Fairness Act of 2019 S. 781 - Carried Interest Fairness Act of 2019 S.915 - Reward Work Act of 2019 S.1063 - Helping Angels Lead Our Startups Act of 2019 S.733 - Consumer Financial Choice and Capital Markets Protection Act of 2019 S.452 - Fostering Innovation Act of 2019 H.R.609 - Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019 S.573 - Promoting Transparent Standards for Corporate Insiders Act H.R.624 - Promoting Transparent Standards for Corporate Insiders Act S.536 - Encouraging Public Offerings Act of 2019 S.566 - Expanding Access to Capital for Rural Job Creators Act H.R.1876 - Senior Security Act of 2019 Standardized Approach for Calculating the Exposure Amount of Derivatives Contracts Staples-Essendant merger Swap Execution Facilities and Trade Execution Requirement

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

Bank capital rules Banks stress tests Federal Deposit Insurance Corporation policies relating to bank employment Federal Reserve rating system for large financial institutions the Inclusive Prosperity Act the 21st Century Glass Steagall Act Nominations for SEC, CFTC, FDIC Volcker Rule Implementation of S.2155 HR 1 - For the People Act H.R. 1516 - Wall Street Tax Act of 2019 S. 647 - Wall Street Tax Act of 2019 S.915 - Reward Work Act of 2019 H.R. 2176 - Return to Prudent Banking Act of 2019 S.1063 - Helping Angels Lead Our Startups Act of 2019 S.733 - Consumer Financial Choice and Capital Markets Protection Act of 2019 S.452 - Fostering Innovation Act of 2019 H.R.609 - Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019 S.573 - Promoting Transparent Standards for Corporate Insiders Act H.R.624 - Promoting Transparent Standards for Corporate Insiders Act S.536 - Encouraging Public Offerings Act of 2019 S.566 - Expanding Access to Capital for Rural Job Creators Act H.R.1876 - Senior Security Act of 2019 Proposed Changes to Applicability Thresholds for Regulatory Capital and Liquidity Requirements Prudential Standards for Large Bank Holding Companies and Savings and Loan Holding Companies Standardized Approach for Calculating the Exposure Amount of Derivatives Contracts

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

HR 1876 and S 1719, the Senior Security Act; HR 624 Transparent Standards for Corporate Insiders Act; monitor issues impacting arbitration and securities; monitor issues impacting state securities regulators. H.Res 456, a resolution recognizing 100 years of state securities regulation and protection of the investing public;

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1007 (Retirement Enhancement and Savings Act of 2019); H.R. 1439 (Increase Access to a Secure Retirement Act of 2019); H.R. 1516 (Wall Street Tax Act of 2019); H.R. 1815 (SEC Disclosure Effectiveness Testing Act); H.R. 1876 (Senior Security Act of 2019); H.R. 1907 (Retirement Security for American Workers Act); H.R. 1993 (To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the rules relating to multiple employer plans and pooled employer plans and to modify PBGC premiums for CSEC plans); H.R. 1994 (Setting Every Community up for Retirement Enhancement (SECURE) Act of 2019); S. 647 (Wall Street Tax Act of 2019); S. 972 (Retirement Enhancement and Savings Act (RESA) of 2019); S. 1431 (Retirement Security and Savings Act of 2019); S. 1719 (Senior Security Act of 2019); Senior investor protection legislation; Tax incentives for retirement savings; SEC proposed Regulation Best Interest; Senior Investor Report and Hold concept legislation; Electronic delivery of retirement plan documents and disclosures; Reporting and withholding tax upon escheatment of IRA assets.

Client expense: $1,560,000 · Firm income: Not reported

H.R. 609 (Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019); H.R. 1815 (SEC Disclosure Effectiveness Testing Act); H.R. 1876 (Senior Security Act of 2019); H.R. 2513 (Corporate Transparency Act of 2019); H.R. 2515 (To amend the Securities and Exchange Act of 1934 to amend the definition of whistleblower); H.R. 3351 (Financial Services and General Government Appropriations Act, 2020); S. 452 (Fostering Innovation Act of 2019); S. 536 (Encouraging Public Offerings Act of 2019); S. 2499 (A bill to require the Financial Industry Regulatory Authority to establish a relief fund to provide investors with the full value of unpaid arbitration awards issued against brokerage firms or brokers regulated by the Authority. 115th Cong.); Senate Banking Committee request for information on privacy and data protection for consumers. Swap execution facilities; Swap dealer, major swap participant, and futures commission merchant chief compliance officer; Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation (including Section 913; Section 914; Systemic risk regulation and liquidation authority; Section 342 (Office of Minority and Women Inclusion); Section 621; Section 941; Title I and Title II); India Market Access Issues; India Financial Sector Reform; Accounting standards for municipalities; Privacy, cybersecurity, and data aggregation issues (general); CFTC cross-border guidance exemptive order; CFTC exemptive order on extraterritorial scope of Title VII; Jumpstart our Business Startups (JOBS) Act implementation; Commodity Pools and Securitization; Securities and Exchange Commission Rules 15Ba1-1 through 15Ba1-8; Release No. 34-71958, Security-Based Swap Dealers Recordkeeping; Regulation AB II (asset backed securities - Securities and Exchange Commission, Consumer Financial Protection Bureau); Futures Commission Merchant and Introducing Broker Conflicts of Interest Policies and Procedures; Inter-affiliate swap transactions; Trade policy issues (general); China "Secure and Controllable" information and communication technologies (ICT) regulations; Mutual Fund 12b-1 Fees; Senior investors/diminished capacity investors; Broker-dealers/investment advisers mitigation of accounts; Diversity & Inclusion initiatives in the financial services industry; Data localization requirements in the Trans-Pacific Partnership; Swap Execution Facilities (SEFs) and clearing for swaps; Global FX Code of Conduct; Decision to delay implementation for margin for non-centrally cleared swaps; Municipal information disclosure regulation; US and China 100-day trade talks; Data Breach Notification Federal Standard; ETF Regulation; The Brokaw Act (not yet reintroduced); Exchange Regulatory Improvement Act (not yet reintroduced); Fair Investment Opportunities for Professional Experts Act (not yet reintroduced); Small Business Audit Correction Act of 2018 (not yet reintroduced); Options Markets Stability Act (not yet reintroduced); National Senior Investor Initiative Act of 2018 (not yet reintroduced); Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018 (not yet reintroduced); Improving Investment Research for Small and Emerging Issuers Act (not yet reintroduced); P.L. 106-229 (E-Sign Act); Section 956 of the Dodd Frank Act (Incentive Compensation); United States-Mexico-Canada Agreement (USMCA); Issues related to the Investor Choice Act (not yet reintroduced); Legislation related to Securities and Exchange Commission Regulation A; Issues related to restitution and disgorgement (not yet introduced); Legislation related to the FINRA arbitration system for broker-dealers; Housing finance reform (general); Financial technology (FinTech) issues (general); Issues related to the proposed Bad Actor Disqualification Act of 2019.