Protecting Retirement Savers and Everyday Investors Act

HR 8695, Protecting Retirement Savers and Everyday Investors Act; S. 1587 / H.R. 2923, Inclusive Prosperity Act of 2019; S. 647 / H.R. 1516, Wall Street Tax Act of 2019; Issues related to market infrastructure, market volatility, and real-time settlement; Issues related to cryptocurrencies.

Client expense: $430,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 8695 - Protecting Retirement Savings and Everyday Investors Act: Provisions related financial transaction taxes on retirement investments and catch-up contributions. H.R. 1277, S. 374 - Improving Corporate Governance Through Diversity Act of 2021: Provisions related to corporate transparency of employee make-up. H.R. 1187 - Corporate Governance Improvement and Investor Protection Act: Provisions related to Environmental, Social and Governance disclosure. H.R. 5376 - Reconciliation Build Back Better Act: Provisions related to Capital Gains Rate, Estate Tax Provisions, and IRAs. 29.CFR2550.404a-1: Provisions related to Qualified Default Investment Alternative, Environmental, Social and Governance disclosure and risk mitigation. Issues related to proposed changes to the FTC Hart Scott Rodino (HSR) rule regarding disclosure and acquisitions.

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

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE

HR 8695, Protecting Retirement Savers and Everyday Investors Act; S. 1587 / H.R. 2923, Inclusive Prosperity Act of 2019; S. 647 / H.R. 1516, Wall Street Tax Act of 2019; Issues related to market infrastructure, market volatility, and real-time settlement; Issues related to cryptocurrencies.

Client expense: $470,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 3387, S. 1762 - Financial Factors in Selecting Retirement Plan Investment Act: Provisions relating to permitting retirement plans to consider environmental, social, and governance factors in investment decisions. H.R. 8695 - Protecting Retirement Savings and Everyday Investors Act: Provisions related financial transaction taxes on retirement investments and catch-up contributions. H.R. 1277, S. 374 - Improving Corporate Governance Through Diversity Act of 2021: Provisions related to corporate transparency of employee make-up. H.R. 1187 - Corporate Governance Improvement and Investor Protection Act: Provisions related to Environmental, Social and Governance disclosure. S. 2621 - Modernization of Derivatives Act of 2021: Provisions related to derivatives tax rate. H.R. 5376 - Reconciliation Build Back Better Act: Provisions related to Capital Gains Rate, Estate Tax Provisions, and IRAs. 29.CFR2550.404a-1: Provisions related to Qualified Default Investment Alternative, Environmental, Social and Governance disclosure and risk mitigation. Issues related to proposed changes to the FTC Hart Scott Rodino (HSR) rule regarding disclosure and acquisitions.

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

HR 8695, Protecting Retirement Savers and Everyday Investors Act; S. 1587 / H.R. 2923, Inclusive Prosperity Act of 2019; S. 647 / H.R. 1516, Wall Street Tax Act of 2019; Issues related to market infrastructure, market volatility, and real-time settlement.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 3387, S. 1762 - Financial Factors in Selecting Retirement Plan Investment Act: Provisions relating to permitting retirement plans to consider environmental, social, and governance factors in investment decisions. H.R. 328 - The Wall Street Tax Act of 2021: Provisions related to taxes on security transactions. H.R. 8695 - Protecting Retirement Savings and Everyday Investors Act: Provisions related financial transaction taxes on retirement investments. H.R. 1277, S. 374 - Improving Corporate Governance Through Diversity Act of 2021: Provisions related to Proxy and Diversity and Inclusion. H.R. 1187 - Corporate Governance Improvement and Investor Protection Act: Provisions related to Environmental, Social and Governance disclosure. 29.CFR2550.404a-1: Provisions related to Qualified Default Investment Alternative, Environmental, Social and Governance disclosure and risk mitigation. Issues related to proposed changes to the FTC Hart Scott Rodino (HSR) rule regarding disclosure and acquisitions.

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

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE

HR 8695, Protecting Retirement Savers and Everyday Investors Act; S. 1587 / H.R. 2923, Inclusive Prosperity Act of 2019; S. 647 / H.R. 1516, Wall Street Tax Act of 2019; Issues related to market infrastructure, market volatility, and real-time settlement.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 328 - The Wall Street Tax Act of 2021: Provisions related to taxes on security transactions. H.R. 8695 - Protecting Retirement Savings and Everyday Investors Act: Provisions related financial transaction taxes on retirement investments. H.R. 1277, S. 374 - Improving Corporate Governance Through Diversity Act of 2021: Provisions related to Proxy and Diversity and Inclusion. 29.CFR2550.404a-1: Provisions related to Qualified Default Investment Alternative, Environmental, Social and Governance disclosure and risk mitigation. Issues relating to permitting retirement plans to consider environmental, social, and governance factors in investment decisions. Issues related to proposed changes to the FTC Hart Scott Rodino (HSR) rule regarding disclosure and acquisitions.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

COVID Pandemic Issues: Ensure that stock exchange personnel are listed as critical infrastructure employees by the DHS for areas where workplace restrictions are in place; Communications with the government regarding the resiliency/market operations of varying asset class trading during the COVID-19 pandemic; Legislation to increase transparency and reduce conflicts of interest in the proxy advisory industry, H.R. 5116 - Corporate Governance Reform and Transparency Act of 2019; Legislation on confidential filing and test the waters, H.R. 294 - Encouraging Public Offerings Act of 2021, S. 536 - Encouraging Public Offerings Act of 2019; Trading and listings standards needed for a U.S. Venture Exchange, H.R. 2899 - Main Street Growth Act, S. 2306 - Main Street Growth Act; Legislation requiring the prudential regulators to implement a risk-adjusted approach to value centrally-cleared exchange-listed derivatives; Legislation on 10-Q optionality, H.R. 4076 - Modernizing Disclosures for Investors Act; Legislation on reforming shareholder proposal rules: raise initial threshold eligibility, raise resubmission threshold, H.R. 3088 - Shareholder Protection Act of 2019; Incentives for the trading of small cap stocks/ETFs; Implementation and expansion of the Jobs Act (JOBS and Investor Confidence Act of 2018)/capital formation agenda/IPOs; Support for Nasdaq Board Diversity filing with the SEC; Defend dual class structures; Federal financial transaction tax, H.R. 8695 - Protecting Retirement Savers and Everyday Investors Act; Tax treatment of buybacks and dividends; Support diplomatic efforts by the PCAOB / SEC to ensure PCAOB review of foreign auditing firms; H1B visa/immigration reform; Equity, fixed income market structure/Regulation NMS; Proprietary ownership and distribution of market data; The regulatory role of exchanges and the legal protections necessary to function as a regulator of market activities; Limitations on SEC regulation of non-exchange activities, Exchange Regulatory Improvement Act of 2017; and Requiring transparency of short positions that match existing requirements on long position holders.

HR 8695, Protecting Retirement Savers and Everyday Investors Act; S. 1587 / H.R. 2923, Inclusive Prosperity Act of 2019; S. 647 / H.R. 1516, Wall Street Tax Act of 2019.

Client expense: Not reported · Firm income: Not reported

H.R. 7772 - Tax Parity for US Mutual Funds Act of 2020 (Davis) H.R. 8695 - Protecting Retirement Savers and Everyday Investors Act (McHenry) H.R. 8696 - Securing a Strong Retirement Act of 2020 (Neal) S. 1431 - Retirement Security and Savings Act of 2019 (Portman) Allow 403(b) plans to invest in collective investment trusts Allow variable annuities to invest in exchange-traded funds Automatic Retirement Plan Act (Neal) Certificate of Residency processing Retirement Savings Tax Incentives Tax Exemption for Municipal Bond Interest Temporary coronavirus-related catch-up contribution

Client expense: $970,000 · Firm income: Not reported

COVID Pandemic Issues: Ensure that stock exchange personnel are listed as critical infrastructure employees by the DHS for areas where workplace restrictions are in place; Communications with the government regarding the resiliency/market operations of varying asset class trading during the COVID-19 pandemic; Legislation to increase transparency and reduce conflicts of interest in the proxy advisory industry, H.R. 5116 - Corporate Governance Reform and Transparency Act of 2019; Legislation on confidential filing and test the waters, S. 536 - Encouraging Public Offerings Act of 2019; Trading and listings standards needed for a U.S. Venture Exchange, H.R. 2899 - Main Street Growth Act, S.2306 - Main Street Growth Act; Legislation requiring the prudential regulators to implement a risk-adjusted approach to value centrally-cleared exchange-listed derivatives; Legislation on 10-Q optionality, H.R.4076 - Modernizing Disclosures for Investors Act; Legislation on reforming shareholder proposal rules: raise initial threshold eligibility, raise resubmission threshold, H.R.3088 - Shareholder Protection Act of 2019; Incentives for the trading of small cap stocks/ETFs; Implementation and expansion of the Jobs Act (JOBS and Investor Confidence Act of 2018)/capital formation agenda/IPOs; Defend dual class structures; Stock buybacks; Federal financial transaction tax, H.R.8695 - Protecting Retirement Savers and Everyday Investors Act; Tax treatment of buybacks and dividends; Support diplomatic efforts by the PCAOB / SEC to ensure PCAOB review of foreign auditing firms; H1B visa/immigration reform; Equity, fixed income market structure/Regulation NMS; Proprietary ownership and distribution of market data; The regulatory role of exchanges and the legal protections necessary to function as a regulator of market activities; Limitations on SEC regulation of non-exchange activities, Exchange Regulatory Improvement Act of 2017; and Requiring transparency of short positions that match existing requirements on long position holders.

Reviewed the bill related to the Financial Transaction Tax (FTT), H.R. 8695, the Protecting Retirement Savers and Everyday Investors Act. The bill would impose a limitation on taxation and fees on transactions by certain securities industry participants, and for other purposes. Also reviewed H.R. 2923, the Inclusive Prosperity Act of 2019, H.R. 1516, the Wall Street Tax Act of 2019," and S. 647, the companion Senate bill to the Wall Street Tax Act of 2019."

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

Government targets: Centers For Medicare and Medicaid Services (CMS), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), 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. 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. 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. 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. 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 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 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 DRAFT, Emergency Savings Account Act - establish short term emergency savings account similar to short term savings account idea similar to S. 1018 (Young, Cotton, Jones, Booker) S 4173Military Spouses Retirement Security - improve retirement security for military families S 4192Retirement Savings Lost and Found Act - to coordinate lost retirement plans HR 7668 Financial Services and General Government Appropriations Act, 2021- FSGG appropriations S.2524 Financial Services and General Government Appropriations Act, 2020 - Senate FSGG appropriations S 4297 Addressing Missed-savings Opportunities for Retirement due to an Epidemic Act (AMORE Act) - to make additional retirement contributions to such plans for any taxable year beginning in 2021 or 2022 S 4323TRUST Act - special committee to make Social Security trust fund reconditions HR 8083 Preserving Employee Retirement Savings Act of 2020 - tax credit to encourage business to continue matching retirement contributions S 5064 Improving Access to Retirement Savings Act-- A bill to amend the Internal Revenue Code of 1986 to increase retirement savings, to improve retirement plan administration, and for other purposes. S 5035Encouraging Americans to Save Act -- To amend the Internal Revenue Code of 1986 to provide matching payments for retirement savings contributions by certain individuals. HR 8990 Lifetime Income for Employees Act -- To amend the Employee Retirement Income Security Act of 1974 to permit default investment arrangements in annuities, and for other purposes. HR 8695 Protecting Retirement Savers and Everyday Investors Act -- To impose a limitation on taxation and fees on transactions by certain securities industry participants, and for other purposes. HR 8696 Securing a Strong Retirement Act -- To increase retirement savings, simplify and clarify retirement plan rules, and for other purposes. S 4820Long-term Care Affordability Act-- allows the use of tax-exempt retirement plan distributions to pay for long-term health care insurance HR 8606 Savings for All Vocations Enhancement (SAVE) Act -- To defer the tax of certain sales of employer stock and reduce certain retirement-related excise taxes, and for other purposes. HR 895p Retirees Sustainable Investment Policies Act -- o amend the Employee Retirement Income Security Act of 1974 to require retirement plans to establish Sustainable Investment Policies. HR 8960 Sustainable Investment Policies Act -- amend the Investment Advisers Act of 1940 to require large asset managers to establish Sustainable Investment Policies. DRAFT Auto(k) Retirement Plan Act -- To amend the Internal Revenue Code of 1986 to expand retirement plan coverage, increase retirement security, and for other purposes