No Discrimination in My Benefits Act

H.R. 5337 Retirement Proxy Protection Act; H.R. 5338 No Discrimination in My Benefits Act; H.R. 5339 RETIRE Act; H.R. 5340 Providing Complete Information to Retirement Investors Act; H.R.5673, Responsible Legislating Act; H.R. 6065/ S. 3102 Retirement Savings for Americans Act; H.R. 6007, Retirement Investment in Small Employers Act; H.R. 7293, Automatic IRA Act of 2024 ; H.R. 1818/S. 1561 the Aviation Workforce Development Act; S. 3716/ H.R. 7162 A bill to create children's lifetime savings accounts, and for other purposes; Amendments to H.R. 2670, the National Defense Authorization Act for Fiscal Year 2024 (FDTA exemption for state and local governments); SEC Open-End Fund Liquidity Risk Management Programs and Swing Pricing proposed rule; DOL Fiduciary Rule proposed rule on retirement security and related proposed changes to prohibited transaction exemptions including Qualified Professional Asset Manager; Public Law 117-328 - Consolidated Appropriations Law (Secure 2.0 retirement provisions); Retirement Security Rule: Definition of an Investment Advice Fiduciary (EBSA) and related exemptions; Independent Contractor Rule discussions; RIN 0985-AA18 NPRM - Adult Protective Services Functions and Grant Programs, Administration for Community Living, HHS To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to make technical corrections relating to the SECURE 2.0 Act of 2022, and for other purposes; SECURE 2.0 Implementation RIN 1210-AC23 RFI - SECURE 2.0 Reporting and Disclosure, EBSA Basel III End Game and Retirement; Employee Identification Number (EIN) / Unrelated Business Taxable Income (UBTI); Amendment No. 83 to H.R. 5894 - Labor, Health and Human Services, Education, and Related Agencies Appropriations Act, 2024; IRS proposed rule regarding Section 4966 Donor Advised Funds; Appropriations Rider Funds May only be Used on DOL Fiduciary; APS Funding.

Client expense: $1,630,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

HR 5339 RETIRE Act: Summary is in progress. To amend the Employee Retirement Income Security Act of 1974 to specify requirements concerning the consideration of pecuniary and non-pecuniary factors, and for other purposes. HR 5337 Retirement Proxy Protection Act: Summary is in progress. To amend the Employee Retirement Income Security Act of 1974 to clarify the application of prudence and exclusive purpose duties to the exercise of shareholder rights. HR 5338 No Discrimination In My Benefits Act: Summary is in progress. To amend the Employee Retirement Income Security Act of 1974 to establish that fiduciaries must act with prudence and loyalty when selecting service providers for pension plans. HR 5340 Providing Complete Information to Retirement Investors Act: Summary is in progress. To amend the Employee Retirement Income Security Act of 1974 to ensure that pension plans provide notice to participants and beneficiaries on risks associated with certain investments, and for other purposes. HR 3063 Retirement Fairness for Charities and Educational Institutions Act: Summary is in progress. To amend the Federal securities laws to enhance 403(b) plans, and for other purposes. S5271 Retirement Savings for Americans Act: This bill provides retirement savings accounts to eligible workers without employer-sponsored retirement plans. Participants' contributions are matched (up to certain thresholds) by the government through a federal income tax credit. No Bill Number. Automatic IRA Act of 20204. To amend the Internal Revenue Code of 1986 to provide rules for automatic contribution retirement plans and arrangements. HR 1807 Improving Disclosure for Investors Act of 2024. To direct the Securities and Exchange Commission to promulgate rules with respect to the electronic delivery of certain required disclosures, and for other purposes. This bill requires the Securities and Exchange Commission (SEC) to propose and finalize rules to allow entities to deliver regulatory documents to investors electronically. The SEC must establish a mechanism for investors to opt out of electronic delivery and receive paper documents instead. If the SEC does not finalize rules within one year after enactment, the bill allows for electronic delivery of these documents.

H.R. 515 the Protecting American Savers and Retirees Act H.R. 5337 - Retirement Proxy Protection Act H.R. 5338 - No Discrimination In My Benefits Act H.R. 5339 - Roll back ESG To Increase Retirement Earnings Act H.R. 5340 - Providing Complete Information To Retirement Investors Act

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

LBR: Labor Issues/Antitrust/Workplace Systemic risks Pension fund investment practices Retirement security policies Proxy voting Proxy advisors ERISA implementation of fiduciary duty H.R. 5337 Retirement Proxy Protection Act; H.R. 5338 No Discrimination In My Benefits Act; H.R. 5339 RETIRE Act; H.R. 5340 Providing Complete Information To Retirement Investors Act

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

FIN ISSUE AREA:Financial Institutions/Investments/Securities Proxy voting policies Proxy advisors Systemic risks Shareholder proposal process Corporate disclosures FSOC regulation and authority H.R. 4790 The Guiding Uniform and Responsible Disclosure Requirements and Information Limits (GUARDRAIL) Act; H.R. 4767 The Protecting Americans Retirement Savings from Politics Act; H.R. 4655 The Businesses Over Activists Act; H.R. 4823 American Financial Institution Regulator Sovereignty and Transparency (American FIRST) Act LBR ISSUE AREA: Labor Issues/Antitrust/Workplace Systemic risks Pension fund investment practices Retirement security policies Proxy voting Proxy advisors ERISA implementation of fiduciary duty H.R. 5337 Retirement Proxy Protection Act; H.R. 5338 No Discrimination In My Benefits Act; H.R. 5339 RETIRE Act; H.R. 5340 Providing Complete Information To Retirement Investors Act

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 4008, Protecting Americans Retirement Savings Act H.R. 5337, Retirement Proxy Protection Act H.R. 5338, No Discrimination in My Benefits Act H.R. 5339, Roll Back ESG to Increase Retirement Earnings Act H.R. 5340, Providing Complete Information to Retirement Investors Act S. 3305, Helping Young Americans Save for Retirement Act Department of Labor QPAM proposal Department of Labor Fiduciary proposal

Client expense: $1,040,000 · Firm income: Not reported

SEC Open-End Fund Liquidity Risk Management Programs and Swing Pricing proposed rule; H.R. 5337 Retirement Proxy Protection Act H.R. 5338 No Discrimination in My Benefits Act H.R. 5339 RETIRE Act H.R. 5340 Providing Complete Information to Retirement Investors Act Amendments to H.R. 2670, the National Defense Authorization Act for Fiscal Year 2024 DOL Fiduciary Rule Qualified Professional Asset Manager PTE Changes; Public Law 117-328 - Consolidated Appropriations Law (Secure 2.0 retirement provisions) Retirement Security Rule: Definition of an Investment Advice Fiduciary (EBSA) and related exemptions. Independent Contractor Rule RIN 0985-AA18 NPRM - Adult Protective Services Functions and Grant Programs, Administration for Community Living, HHS To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to make technical corrections relating to the SECURE 2.0 Act of 2022, and for other purposes SECURE 2.0 Implementation RIN 1210-AC23 RFI - SECURE 2.0 Reporting and Disclosure, EBSA Basel III End Game and Retirement Employee Identification Number (EIN) / Unrelated Business Taxable Income (UBTI) IRS H.R. 6640 To amend the Internal Revenue Code of 1986 for purposes of the tax on private foundation excess business holdings to treat as outstanding any employee-owned stock purchased by a business enterprise pursuant to certain employee stock ownership retirement plans. Amendment No. 83 to H.R. 5894 - Labor, Health and Human Services, Education, and Related Agencies Appropriations Act, 2024 H.R. 6065/ S. 3102 Retirement Savings for Americans Act H.R. 6007, Retirement Investment in Small Employers Act H.R.5673, Responsible Legislating Act Section 4966 Donor Advised Fund Regulations H.R. 6065, To establish the American Worker Retirement Plan, improve the financial security of working Americans by facilitating the accumulation of wealth, and for other purposes.

-Roll Back ESG to Increase Retirement Earnings (RETIRE) Act (HR 5339), all -Retirement Proxy Protection Act (HR 5337), all -No Discrimination in My Benefits Act (HR 5338), all -Department of Labor Succession Act (HR 4957), all -SECURE Act 2.0 implementation, applicability of certain provisions to 401(k) multiemployer plans -Pension "de-risking" Guidance, updating DOL Guidance -Opposition to Fiscal Commission

Client expense: $480,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Treasury, Dept of

H.R. 515 the Protecting American Savers and Retirees Act H.R. 5337 - Retirement Proxy Protection Act H.R. 5338 - No Discrimination In My Benefits Act H.R. 5339 - Roll back ESG To Increase Retirement Earnings Act H.R. 5340 - Providing Complete Information To Retirement Investors Act

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

LEGISLATIVE TECHNICAL CORRECTIONS AND ROTH CATCH-UP DELAY. SECURE 2.0 technical corrections, delay of effective date of Roth Catch-up provision and guidance AUTO RE-ENROLLMENT. Automatic retirement plan re-enrollment, S. 2512, July 24, 2023, letter of support to sponsors Sens. Kaine and Cassidy ENVIRONMENTAL, SOCIAL, GOVERNANCE. Environmental Social and Governance (ESG) factors in retirement plan investments, HR 5339, HR 5337, HR 5340, HR 5338, HR 4008 MINIMUM PARTICIPATION REQUIREMENTS. Retirement plan minimum participation requirements DE-RISKING. Pension Plan De-risking, annuities, lump sum distributions RETIREE HEALTH PLANS. Retiree health plans, excess assets, Section 401(h) accounts SEC PROPOSALS AFFECTING RETIREMENT PLANS. Predictive Data Analytics, Open-End Fund Liquidity Risk Management Programs and Swing Pricing RETIREMENT PLAN BROKERAGE WINDOWS. Brokerage window investment options offered by retirement plans and whether there is a duty to monitor investments inside a brokerage window DEFINED BENEFIT PLANS. Defined Benefit Plans, e.g., overfunded plans, PBGC premiums CITs FOR 403(b) PLANS. Collective Investment Trusts and separate accounts for Section 403(b) charities and educational entities, HR 3063 LITIGATION. Litigation and enforcement affecting retirement plans, including pleading standards STATE PLANS. ERISA preemption, state retirement plan mandatory Roth IRA plans covering private sector employers REGULATORY ROTH CATCH-UP DELAY. SECURE 2.0 Section 603 Roth Catch-up Delay transition period SECURE 2.0 GUIDANCE. SECURE 2.0 Guidance, Roth Catch-up contributions, overpayments of benefits, IRC Section 420 transfers, pension-linked emergency savings, student loan, SEP and SIMPLE Roth IRAs, start-up credits, safe harbor for corrections, ERISA notices and disclosures, annual funding notice, pension risk transfer, lost and found registry etc. RMDs. Retirement Plan Required Minimum Distributions FIDUCIARY RULE. Re-proposal of Retirement Plan Fiduciary rule ERISA NOTICES AND DISCLOSURES. Retirement plan notices and disclosures and response to EBSA RFI, e.g., paper benefit statements, notices for unenrolled participants, elimination of certain notices, consolidation of certain notices, pooled employer plans, annual funding notice, 88 Fed. Reg. 54511 PENSION PLAN DE-RISKING. Report by DOL on Defined Benefit Pension Plan De-risking in consultation with the ERISA Advisory Council CAMT. Corporate Alternative Minimum Tax (15% Tax) application to defined benefit pension plans and certain other employee benefit plans PREDICTIVE DATA ANALYTICS, and OPEN-END LIQUIDITY RISK MANAGEMENT PROGRAMS AND SWING PRICING. Predictive Data Analytics by Broker- Dealers and Investment Advisors, Open-End Fund Liquidity Risk Management Programs and Swing Pricing, 88 Fed. Reg. 53960, 87 Fed. Reg 77172 RETIREMENT PLAN AUDITS. Audits for missing participants, cybersecurity standards for audits and duration of audits SPIN OFFS. Retirement Plan spin-off and funding rules

H.R. 4008, Protecting Americans Retirement Savings Act H.R. 5337, Retirement Proxy Protection Act H.R. 5338, No Discrimination in My Benefits Act H.R. 5339, Roll Back ESG to Increase Retirement Earnings Act H.R. 5340, Providing Complete Information to Retirement Investors Act Department of Labor QPAM proposal Department of Labor rule on ESG investing and proxy voting Department of Labor Fiduciary proposal

Client expense: $1,490,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE