Foreign Investment Guardrails to Help Thwart (FIGHT) China Act

H.R. 1013/S. 424, Retirement Fairness for Charities and Educational Institutions Act of 2025; H.R. 1255, Investing in Our Communities Act; H.R. 2089 / S. 1756 - Generating Retirement Ownership Through Long-Term Holding (GROWTH) Act; H.R. 2441, Improving Disclosure for Investors Act of 2025; H.R. 2246/S. 1053, FIGHT China Act: H.R. 8398 Secure Data Act; H.R. 8413 GUARD Financial Data Act; S. 4784/H.R. 8800, National Defense Authorization Act for Fiscal Year 2027 (issues related to stock buybacks); S. 1877, the Improving Disclosure for Investors Act of 2025; SEC proposed rules to modify equity market structure; SEC proposed rule regarding the safeguarding of client assets (custody proposal); Legislation related to the municipal bond tax exemption; SEC Concept Release on Asset-Backed Securities Disclosure (Regulation AB).

Client expense: $1,930,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Economic Council (NEC), Natl Security Council (NSC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Met with White House and Treasury on trade and tariffs Met with House and Senate on issues related to USMCA Met with House and Senate on issues related to foreign direct investment S. 1053/ H.R. 2246, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 - all provisions

Client expense: $1,460,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

H.Con.Res. 38, Directing the President pursuant to section 5(c) of the War Powers Resolution to remove United States Armed Forces from unauthorized hostilities in the Islamic Republic of Iran, all provisions. H.R. 2246, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025, all provisions. H.R. 3463, Comprehensive Operations for Unmanned-System Neutralization and Threat Elimination Response (COUNTER) Act, all provisions. H.R. 4107, GOLDEN DOME Act of 2025, all provisions. H.R. 5013, AUKUS Improvement Act of 2025, all provisions. H.R. 7126, Securing Essential and Critical U.S. Resources and Elements (SECURE) Minerals Act, all provisions. H.R. 7146, Providing Our Regional Companions Upgraded Protection in Nefarious Environments (PORCUPINE) Act, all provisions. H.R. 7178, U.S.-Israel Anti-Killer Drone Act, all provisions. H.R. 7540, United States-Israel Framework for Upgraded Technologies, Unified Research, and Enhanced Security (FUTURES) Act of 2026, all provisions. H.R. 8019, U.S.-Greece Defense Cooperation Advancement Act, all provisions. S. 3659, Securing Essential and Critical U.S. Resources and Elements (SECURE) Minerals Act, all provisions. S. 3855, United States-Israel Framework for Upgraded Technologies, Unified Research, and Enhanced Security (FUTURES) Act, all provisions. S. 4219, Abraham Accords Defense Cooperation Act of 2026, all provisions. S.J.Res. 104, A joint resolution to direct the removal of United States Armed Forces from hostilities within or against the Islamic Republic of Iran that have not been authorized by Congress, all provisions. Issues related to Chinas Military-Industrial Complex (CMIC); Chinese Semiconductor Manufacturing Companies; Defense Production Act Reform; Evaluating UAV Supply Chains; Implementation and Oversight of the FY26 National Defense Authorization Act; Irans Military Strategy and Capabilities; Irans Network of Terror Proxies; Iranian Weapons Proliferation; Middle East Integrated Air and Missile Defense Architecture; Operation Epic Fury; Russias Foreign Policy and Military Strategy; Safeguarding DOD-Funded Research; Securing Critical Weapons Systems Supply Chains; U.S. Arms Sales and Procurement Strategies; U.S. Drone Production; U.S. F-35 Program Development; U.S. Gray Zone Defense Assessment; U.S. Information Operations Capabilities; U.S. International Legal Operations Strategy; U.S. Military Posture in Syria; U.S. Missile Defense Capabilities; U.S. Nuclear Deterrence Policy; U.S. Policy on Irans Ballistic Missile and Nuclear Programs; U.S. Policy on Irans Support for Terrorism; U.S. Policy on Russias War in Ukraine; U.S.-Israel Security Cooperation; U.S.-Japan Security Cooperation; U.S.-Lebanon Security Cooperation; U.S.-Mexico Security Cooperation; U.S.-Syria Security Cooperation; U.S.-Taiwan Security Cooperation; U.S.-Turkey Security Cooperation; U.S.-Ukraine Security Cooperation; and War Reserve Stockpiles for Allies (no bill).

Client expense: $270,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

- Issues related to capital formation - Issues related to SEC and SRO reform, SRO constitutionality concerns - H.R. 3395, Middle Market IPO Cost Act - Issues related to investor fraud and foreign state-sponsored scams targeting US citizens - S.1053/H.R. 2246, the Foreign Investment Guardrails to Help Thwart China Act - Issues related to inbound and outbound investments to/from China - S.1877, H.R.2441, Improving Disclosure for Investors Act of 2025 - H.R. 3959, legislation codifying SEC Rule 15c2-11 - Issues relating to proxy advisors - Issues related to shareholder proposals - Issues related to SEC recordkeeping rules - Issues related to registered investment advisor regulations - Issues related to Sarbanes Oxley - Issues related to arbitration - H.R. 5748 and issues relating to Executive Order 14330, expansion opportunities for retirement plans - H.R. 3383, Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025, and related Senate legislation - S.3935, Municipal Securities Rulemaking Board Reform Act of 2026 and related House legislation - Issues relating to the funding model and privacy concerns of the Consolidated Audit Trail (CAT)

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

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

H.R. 1255, Investing in Our Communities Act; H.R, 1469, Senior Security Act of 2025; H.R. 1483, Protecting Investors Personally Identifiable Information Act; H.R. 2441/S. 1877, Improving Disclosure for Investors Act of 2025; H.R. 2225, the Access to Small Business Investor Capital Act; H.R. 2358, Insuring Sound Guidance Act; H.R. 3381, Encouraging Public Offerings of 2025; H.R. 3383, Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST Act) of 2025; H.R. 3394, Fair Investment Opportunities for Professional Experts Act; H.R. 3395, Middle Market IPO Cost Act; H.R. 3633, CLARITY Act of 2025 & Senate amendments to H.R. 3633 CLARITY Act of 2025; H.R. 3959, the Protecting Private Job Creators Act; S. 1481, Local Infrastructure Act; H.R. 2246/S. 1053, FIGHT China Act: SEC No-Action Relief for SEC Rule 15c2-11; SEC approval of SROs rules limiting exchange liability; SEC exemptive relief surrounding Digital Assets; U.S. Treasury Departments Final Rule, Provisions Pertaining to U.S. Investments in Certain National Security Technologies and Products in Countries of Concern; Federal Reserve Proposal to revise its stress testing process; Sovereign Debt restructuring proposals; Legislative proposal to enhance retail investor access to private markets; Legislative proposal for federal escheatment standards; Prudential agency (Federal Reserve, OCC and FDIC) proposal to implement the Basel Endgame reforms in the U.S. and congressional (U.S. House and Senate) oversight of the same, including revisions to the trading book capital rules, stress testing, capital surcharges and buffers; Legislation to create a regulatory regime for payment stablecoins (H.R. 2392, STABLE Act, and S. 394, GENIUS Act); Reintroduction of the Local Infrastructure Act; GSE reform; Public Law 119-27, the GENIUS Act.

Client expense: $1,910,000 · Firm income: Not reported

Government targets: Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

H.R. 1013, Retirement Fairness for Charities and Educational Institutions Act of 2025; H.R. 1255, Investing in Our Communities Act; H.R. 2089 / S. 1756 - Generating Retirement Ownership Through Long-Term Holding (GROWTH) Act; H.R. 2441, Improving Disclosure for Investors Act of 2025; H.R. 2246/S. 1053, FIGHT China Act: S. 424, Retirement Fairness for Charities and Educational Institutions Act of 2025; S. 1481, Local Infrastructure Act; S. 1877, the Improving Disclosure for Investors Act of 2025; SEC proposed rules to modify equity market structure; SEC proposed rule regarding the safeguarding of client assets (custody proposal); Reintroduction of the Local Infrastructure Act; Legislation related to the municipal bond tax exemption; House Energy & Commerce data privacy legislative proposals.

Client expense: $1,910,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Economic Council (NEC), Natl Security Council (NSC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Met with the House and Senate on preemption issues Met with the House and Senate on issues impacting large global banks Met with the House and Senate on digital assets Met with the House and Senate on sanctions legislation Met with the House and Senate on market regulations Met with the House and Senate on bank capital regulations Met with the House and Senate on credit card pricing Met with the House and Senate on AML regulations Met with the House and Senate on geopolitical issues impacting the global economy, including China Met with the House and Senate on proposals related to outbound investment Met with the House and Senate on artificial intelligence Met with the House and Senate on fair access to banking issues and legislative proposals Met with the House and Senate on cybersecurity issues Met with the House and Senate on interchange issues/previously introduced Credit Card Competition Act Met with the House and Senate on bank supervision issues Met with the House and Senate on proposals related to deposit insurance Met with the House and Senate on proposals to revalue and demonetize U.S. gold reserves Draft legislation - Banking Regulator Accountability Act - all provisions H.R.2392, Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025 - all provisions H.R.2548/S.1241, Sanctions Russia Act of 2025 - all provisions H.R.3655, Digital Market Clarity Act of 2025 - all provisions S.401/H.R.987, Fair Access to Banking Act - all provisions S.875/H.R.2702, Financial Integrity and Regulation Management (FIRM) Act - all provisions S.919/S.1582, Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act - all provisions S.1053/H.R.2246, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 - all provisions S.1582, GENIUS Act - all provisions S.2381/H.R.1944, the 10 Percent Credit Card Interest Rate Cap Act - all provisions S.2999, the Main Street Depositors Protection Act - all provisions

Client expense: $1,270,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Met with White House and Treasury on trade and tariffs S. 1053/ H.R. 2246, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 - all provisions

Client expense: $1,270,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

H.R. 1968, Full-Year Continuing Appropriations and Extensions Act, 2025 H.R. 2246/S. 1053, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 H.R. 3383, Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025 H.R. 3633, Digital Asset Market Clarity Act of 2025 H.R. 3682/S. 3578, Financial Stability Oversight Council Improvement Act of 2025 Financial Services and General Government Appropriations Act, 2026 H.R. 3838, Streamlining Procurement for Effective Execution and Delivery and National Defense Authorization Act for Fiscal Year 2026 H.R. 5748, Retirement Investment Choice Act H.R. 6161, SEC Data Protection Act S. 1582, Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act S. 2296, National Defense Authorization Act for Fiscal Year 2026 Regulation and oversight of investment advisers. Equity market structure issues including electronic and algorithmic trading. Protection for sensitive and proprietary data. Nonbank regulation. AML issues. Financial Stability Oversight Council (FSOC) interpretive guidance regarding authority to require supervision and regulation of certain nonbank financial companies. Retail access to alternatives. Accredited investor definition. Capital formation. Increasing initial public offerings (IPOs). Form PF rule. Beneficial ownership. Investment limitations on foreign assets. Outbound investment review process. Short selling. Digital assets and cryptocurrencies. Artificial intelligence. Securities lending. Private credit regulation. Treasury market structure.

Client expense: $1,270,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Issues related to ETF regulation Issues related to municipal bonds and the structure of the municipal securities market Issues related to equity market structure matters Issues related to fund disclosure and investor experience, including providing for electronic delivery of fund information, and the Improving Disclosure for Investors Act (H.R. 2441, S. 1877) Issues related to corporate governance, including proxy process, and the INDEX Act (S.1670) Issues related to fixed income funds Issues related to index funds and index fund regulation Issues related to access to investment opportunities Issues related to allowing collective investment trusts in 403(b) plans, including the Retirement Fairness for Charities and Educational Institutions Act (H.R. 1013, S. 424) Issues related to products and markets, including Foreign Investment Guardrails to Help Thwart China Act (H.R. 2246, S.1055), and the National Defense Authorization Act (S.1071) Issues related to systemic risk regulation and non-bank financial intermediation including the FSOC Improvement Act (H.R.3682) Issues related to the INVEST Act (H.R.3383)

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

Government targets: Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Issues related to crypto & digital assets including 1) digital assets market structure initiatives such as H.R. 3633, the Digital Asset Market Clarity (CLARITY) Act and Senate companion drafts such as S. 4356, the Responsible Financial Innovation Act (RFIA) and 2) Stablecoins legislation including S. 919, Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (the GENIUS Act) Various reconciliation issues in H.R.1, the One Big Beautiful Bill Act, including section 899 and implementation of Trump accounts Retail investor access to alternative investments & private markets, including H.R. 3383, the Increasing Investor Opportunities Act Promoting inclusion of alternative investments in retirement plans, including H.R. 2544 & S. 1222, the Financial Freedom Act and H.R. 5748, the Retirement Investment Choice Act which codifies President Trumps executive order (14330) on alternative investments in 401(k)s Accredited investor reform initiatives including H.R. 3348, the Accredited Investor Definition Review Act, H.R. 3339, the Equal Opportunity for All Investors Act, and H.R. 3394, the Fair Investment Opportunities for Professional Experts Act Restrictions on outbound investments to China included in the National Defense Authorization Act (NDAA) S. 2296 and H.R. 2246 & S.1053, the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act Business Development Company issues including H.R. 2225 - the Access to Small Business Investor Capital Act E-delivery initiatives including H.R. 2441 & S 1877, the Improving Disclosure for Investors Act Retirement security initiatives, including S. 424 and H.R. 1013, the Retirement Fairness for Charities and Educational Institutions Retirement savings initiatives including promoting tax deferral for individuals participating in voluntary, employer provided retirement plans and IRAs and H.R. 2696 and S. 1526, the Retirement Savings for Americans Act (RSAA) that would create a federal retirement system ERISA litigation reform efforts such as H. R. 6084, the ERISA Litigation Reform Act Congressional oversight of ESG investing including proxy voting by asset managers and various legislative initiatives

Client expense: $320,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to international trade rules; U.S.-China relations; tariffs, including Sec. 232 and IEEPA; outbound investment, including H.R. 2246/S.1053 Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 (all provisions) and National Defense Authorization Act for Fiscal Year 2026 (PL 119-601); export controls, including amendments to Export Administration Regulations (EAR) and implementation of P.L. 115-232 Export Control Reform Act (integrated circuits (ICs) specific provisions); H.R. 2683 Remote Security Access Act (all provisions); H.R. 3447/S.1705 Chip Security Act (all provisions); and H.R. 6058 STRIDE ACT (all provisions), H.R. 6875 AI OVERWATCH Act (all provisions).

Client expense: $290,000 · Firm income: Not reported

Government targets: Bureau of Industry and Security (BIS), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Natl Security Council (NSC), Office of Science & Technology Policy (OSTP), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

- Issues related to capital formation - Issues related to SEC and SRO reform, SRO constitutionality concerns - H.R. 3395, Middle Market IPO Cost Act - Issues related to investor fraud and foreign state-sponsored scams targeting US citizens - S.1053/H.R. 2246, the Foreign Investment Guardrails to Help Thwart China Act - Issues related to inbound and outbound investments to/from China - S.1877, H.R.2441, Improving Disclosure for Investors Act of 2025 - H.R. 3959, legislation codifying SEC Rule 15c2-11 - Issues relating to proxy advisors - Issues related to shareholder proposals - Issues related to SEC recordkeeping rules - Issues related to registered investment advisor regulations - Issues related to Sarbanes Oxley - Issues related to arbitration - H.R. 5748 and issues relating to Executive Order 14330, expansion opportunities for retirement plans - H.R. 3383, Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025, and related Senate legislation

Client expense: $80,000 · Firm income: Not reported

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

Issues related to digital trade, tariffs, and digital services taxes; Issues related to export controls, economic security, remote access security, chip security, sanctions, outbound investment reviews, and AI Diffusion; S.1053/H.R.2246 - the FIGHT China Act of 2025; S.3519/H.R.2683 - Remote Access Security Act; S.1705/H.R.3447 - Chip Security Act; H.R.4505 - Export Controls Enforcement Act; H.R.5885/S. 3150 - GAIN AI Act of 2025; S.Amdt.3505 to S.2296 - National Defense Authorization Act for Fiscal Year 2026.

Client expense: $720,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Economic Council (NEC), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Issues related to export controls, including the Remote Access Security Act (RASA): H.R. 2683 and the Chip Security Act: S. 1705/H.R. 3447. Issues related to outbound investment, including the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025: S. 1053/H.R. 2246. Issues related to trade policy in the National Defense Authorization Act for Fiscal Year 2026: S.2296, and the Streamlining Procurement for Effective Execution and Delivery and National Defense Authorization Act for Fiscal Year 2026: H.R.3838.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1013, Retirement Fairness for Charities and Educational Institutions Act of 2025; H.R. 1255, Investing in Our Communities Act; H.R. 2441, Improving Disclosure for Investors Act of 2025; H.R. 2246/S. 1053, FIGHT China Act: S. 424, Retirement Fairness for Charities and Educational Institutions Act of 2025; S. 1481, Local Infrastructure Act; S. 1877, the Improving Disclosure for Investors Act of 2025; SEC proposed rules to modify equity market structure; SEC proposed rule regarding the safeguarding of client assets (custody proposal); Reintroduction of the Local Infrastructure Act; Legislation related to the municipal bond tax exemption; House Energy & Commerce data privacy legislative proposals.

Client expense: $3,160,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Economic Council (NEC), Natl Security Council (NSC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Met with the House and Senate on preemption issues Met with the House and Senate on issues impacting large global banks Met with the House and Senate on digital assets Met with the House and Senate on sanctions legislation Met with the House and Senate on market regulations Met with the House and Senate on bank capital regulations Met with the House and Senate on credit card pricing Met with the House and Senate on AML regulations Met with the House and Senate on geopolitical issues impacting the global economy, including China Met with the House and Senate on proposals related to outbound investment Met with the House and Senate on artificial intelligence Met with the House and Senate on fair access to banking issues and legislative proposals Met with the House and Senate on cybersecurity issues Met with the House and Senate on interchange issues/previously introduced Credit Card Competition Act Met with the House and Senate on bank supervision issues Met with the House and Senate on proposals related to deposit insurance Draft legislation - Banking Regulator Accountability Act - all provisions H.R.2392, Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025 - all provisions H.R.2548/S.1241, Sanctions Russia Act of 2025 - all provisions H.R.3655, Digital Market Clarity Act of 2025 - all provisions S.401/H.R.987, Fair Access to Banking Act - all provisions S.875/H.R.2702, Financial Integrity and Regulation Management (FIRM) Act - all provisions S.919/S.1582, Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act - all provisions S.1053/H.R.2246, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 - all provisions S.1582, GENIUS Act - all provisions S.2381/H.R.1944, the 10 Percent Credit Card Interest Rate Cap Act - all provisions S.2999, the Main Street Depositors Protection Act - all provisions

Client expense: $1,420,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Met with White House and Treasury on trade and tariffs S. 1053/ H.R. 2246, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 - all provisions

Client expense: $1,420,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Legislation and oversight of ESG investing including proxy voting by asset managers H.R. 3633--Digital Asset Market Clarity (CLARITY) Act S. 4356--Responsible Financial Innovation Act (RFIA) Stablecoin Transparency and Accountability for a Better Ledger Economy Act (STABLE Act) of 2025 S. 919--Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act) of 2025 Issues related to crypto & digital assets including digital assets market structure initiatives and Stablecoins legislation. H.R. 1--One Big Beautiful Bill Act--Various reconciliation issues in H.R.1, the One Big Beautiful Bill Act, including the corporate tax rate, the stock buyback excise tax, section 899, Trump accounts, and corporate state and local tax (SALT) proposals H.R. 3383--Increasing Investor Opportunities Act--Retail investor access to alternative investments & private markets H.R. 2544--Financial Freedom Act S. 1222--The Liberty Act Retail investor access to alternative investments & private markets H.R. 3348--Accredited Investor Definition Review Act H.R. 3339--Equal Opportunity for All Investors Act H.R. 3394--Fair Investment Opportunities for Professional Experts Act Accredited investor reform initiatives H.R. 2246/S.1053--Foreign Investment Guardrails to Help Thwart (FIGHT) China Act--Restrictions on outbound investments to China H.R. 2225--Access to Small Business Investor Capital Act--Business Development Company issues H.R. 2441/S. 1877--Improving Disclosure for Investors Act--E-delivery initiatives H.R. 1013/S. 424--Retirement Fairness for Charities and Educational Institutions--Retirement security initiatives Retirement savings initiatives including promoting tax deferral for individuals participating in voluntary, employer provided retirement plans and IRAs and H.R. 2696 and S. 1526, the Retirement Savings for Americans Act (RSAA) that would create a federal retirement system Congressional oversight of ESG investing including proxy voting by asset managers and various legislative initiatives

Client expense: $290,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 2246/S. 1053, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 H.R. 3633, Digital Asset Market Clarity Act of 2025 H.R. 3682, Financial Stability Oversight Council Improvement Act of 2025 Financial Services and General Government Appropriations Act, 2026 H.R. 3838, Streamlining Procurement for Effective Execution and Delivery and National Defense Authorization Act for Fiscal Year 2026 S. 1582, Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act S. 2296, National Defense Authorization Act for Fiscal Year 2026 Regulation and oversight of investment advisers. Equity market structure issues including electronic and algorithmic trading. Protection for sensitive and proprietary data. Security-based swaps regulation. Nonbank regulation. AML issues. Financial Stability Oversight Council (FSOC) interpretive guidance regarding authority to require supervision and regulation of certain nonbank financial companies. Retail access to alternatives. Accredited investor definition. Capital formation. Increasing initial public offerings (IPOs). Form PF rule. Significant risk transfers. Beneficial ownership. Investment limitations on foreign assets. Outbound investment review process. Short selling. Digital assets and cryptocurrencies. Artificial intelligence. Implementation of the Consolidated Appropriations Act of 2023 (P.L. 117-328). Securities lending. Private credit regulation. Treasury market structure.

Client expense: $1,180,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Issues related to international trade rules; U.S.-China relations; tariffs, including Sec. 232 and IEEPA; outbound investment, including H.R. 2246/S.1053 Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 (all provisions); and export controls including amendments to Export Administration Regulations (EAR) and implementation of P.L. 115-232 Export Control Reform Act (integrated circuits (ICs) specific provisions); H.R. 2683 Remote Security Access Act (all provisions); H.R.3447/S.1705 Chip Security Act (all provisions); and issues related to outbound investment and export controls in S.2296 National Defense Authorization Act for Fiscal Year 2026, and H.R.3838 Streamlining Procurement for Effective Execution and Delivery and National Defense Authorization Act for Fiscal Year 2026.

Client expense: $300,000 · Firm income: Not reported

Government targets: Bureau of Industry and Security (BIS), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Natl Security Council (NSC), Office of Science & Technology Policy (OSTP), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Issues related to ETF regulation Issues related to municipal bonds and the structure of the municipal securities market Issues related to equity market structure matters Issues related to fund disclosure and investor experience, including providing for electronic delivery of fund information, and the Improving Disclosure for Investors Act (H.R. 2441, S. 1877) Issues related to corporate governance, including ESG and proxy process, including the INDEX Act (S.1670) Issues related to fixed income funds Issues related to index funds and index fund regulation Issues related to access to investment opportunities Issues related to allowing collective investment trusts in 403(b) plans, including the Retirement Fairness for Charities and Educational Institutions Act (H.R. 1013, S. 424) Issues related to products and markets, including Foreign Investment Guardrails to Help Thwart China Act (H.R. 2246, S.1055) Issues related to systemic risk regulation and non-bank financial intermediation including the FSOC Improvement Act (H.R.3682)

Client expense: $520,000 · Firm income: Not reported

Government targets: Federal Energy Regulatory Commission (FERC), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Issues related to export controls, including the Remote Access Security Act (RASA): H.R. 2683 and the Chip Security Act: S. 1705/H.R. 3447. Issues related to outbound investment, including the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025: S. 1053/H.R. 2246. Issues related to trade policy in the National Defense Authorization Act for Fiscal Year 2026: S.2296, and the Streamlining Procurement for Effective Execution and Delivery and National Defense Authorization Act for Fiscal Year 2026: H.R.3838.

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

Government targets: Bureau of Industry and Security (BIS), HOUSE OF REPRESENTATIVES

- Issues related to capital formation - Issues related to SEC and SRO reform, SRO constitutionality concerns - H.R. 3395, Middle Market IPO Cost Act - Issues related to investor fraud and foreign state-sponsored scams targeting US citizens - S.1053/H.R. 2246, the Foreign Investment Guardrails to Help Thwart China Act - Issues related to inbound and outbound investments to/from China - S.1877, H.R.2441, Improving Disclosure for Investors Act of 2025 - H.R. 3959, legislation codifying SEC Rule 15c2-11 - Issues relating to proxy advisors - Issues related to shareholder proposals - Issues related to SEC recordkeeping rules - Issues related to registered investment advisor regulations - Issues related to Sarbanes Oxley - Issues related to arbitration - HR 5748 and Issues relating to Executive Order 14330, expansion opportunities for retirement plans

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

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

Issues related to digital trade, tariffs, and digital services taxes; Issues related to export controls, economic security, remote access security, sanctions, outbound investment reviews, and AI Diffusion; S. 1053/H.R. 2246 - the FIGHT China Act of 2025; H.R. 2683 - Remote Access Security Act; S. 1705/H.R. 3447 - Chip Security Act; S.Amdt. 3505 to S. 2296 - National Defense Authorization Act for Fiscal Year 2026.

Client expense: $720,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Economic Council (NEC), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

H.R. 2246/S. 1053, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 H.R. 3682, Financial Stability Oversight Council Improvement Act of 2025 Financial Services and General Government Appropriations Act, 2026 Regulation and oversight of investment advisers. Equity market structure issues including electronic and algorithmic trading. Protection for sensitive and proprietary data. Security-based swaps regulation. Nonbank regulation. AML issues. Financial Stability Oversight Council (FSOC) interpretive guidance regarding authority to require supervision and regulation of certain nonbank financial companies. Retail access to alternatives. Accredited investor definition. Capital formation. Increasing initial public offerings (IPOs). Form FP rule. Significant risk transfers. Beneficial ownership. Investment limitations on foreign assets. Outbound investment review process. Short selling. Digital assets and cryptocurrencies. Artificial intelligence. Implementation of the Consolidated Appropriations Act of 2023 (P.L. 117-328). Securities lending. Private credit regulation. Treasury market structure.

Client expense: $1,330,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Issues related to international trade rules, U.S.-China relations, and export controls including Remote Access Security Act (all provisions); H.R. 2683 Remote Security Access Act (all provisions); H.R. 3447/S.1705 Chip Security Act (all provisions); implementation of P.L. 115-232 Export Control Reform Act (integrated circuits (ICs) specific provisions) and amendments to Export Administration Regulations (EAR); H.R. 2246/S. 1053 Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 (all provisions).

Client expense: $290,000 · Firm income: Not reported

Government targets: Bureau of Industry and Security (BIS), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Natl Security Council (NSC), Office of Science & Technology Policy (OSTP), SENATE

Issues related to digital trade, tariffs, and digital services taxes; Issues related to export controls, economic security, remote access security, sanctions, outbound investment reviews, and AI Diffusion; S. 1053/H.R. 2246 - the FIGHT China Act of 2025; H.R. 2683 - Remote Access Security Act; S. 1705/H.R. 3447 - Chip Security Act.

Client expense: $720,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Economic Council (NEC), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Issues related to crypto & digital assets including digital assets market structure initiatives such as H.R. 3633, the Digital Asset Market Clarity (CLARITY) Act and Stablecoins legislation including S. 919, the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS) Act and H.R. 2392, the Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025 (STABLE) Act Various reconciliation issues in H.R.1, the One Big Beautiful Bill Act, including the corporate tax rate, the stock buyback excise tax, section 899, Trump accounts, and corporate State and Local Tax (SALT) proposals Retail investor access to alternative investments & private markets, including H.R. 3383, the Increasing Investor Opportunities Act and H.R. 2544 & S. 1222, the Financial Freedom Act Accredited investor reform initiatives including H.R. 3348, the Accredited Investor Definition Review Act, H.R. 3339, the Equal Opportunity for All Investors Act, and H.R. 3394, the Fair Investment Opportunities for Professional Experts Act Restrictions on outbound investments to China including H.R. 2246 & S.1053, the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act Business Development Company issues including H.R. 2225 - the Access to Small Business Investor Capital Act E-delivery initiatives including H.R. 2441, the Improving Disclosure for Investors Act and Senate proposals Retirement security initiatives, including S. 424 and H.R. 1013, the Retirement Fairness for Charities and Educational Institutions Retirement savings tax incentives including tax deferral for individuals participating in voluntary, employer provided retirement plans and IRAs Congressional oversight of ESG investing including proxy voting by asset managers

Client expense: $270,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to export controls, including the Remote Access Security Act (RASA): H.R. 2683 and the Chip Security Act: S. 1705/H.R. 3447. Issues related to outbound investment, including the Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025: S. 1053/H.R. 2246.

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

Government targets: Bureau of Industry and Security (BIS)

Met with the House and Senate on preemption issues Met with the House and Senate on issues impacting large global banks Met with the House and Senate on digital assets Met with the House and Senate on sanctions legislation Met with the House and Senate on market regulations Met with the House and Senate on bank capital regulations Met with the House and Senate on credit card pricing Met with the House and Senate on AML regulations Met with the House and Senate on geopolitical issues impacting the global economy, including China Met with the House and Senate on proposals related to outbound investment Met with the House and Senate on artificial intelligence Met with the House and Senate on fair access to banking issues and legislative proposals Met with the House and Senate on cybersecurity issues Met with the House and Senate on interchange issues/previously introduced Credit Card Competition Act Met with the House and Senate on bank supervision issues Met with House and Senate on provisions in the One Big Beautiful Bill Act related to the Office of Financial Research and the Secured Overnight Financing Rate Draft legislation - Banking Regulator Accountability Act - all provisions H.R.2392, Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025 - all provisions H.R.2548/S.1241, Sanctions Russia Act of 2025 - all provisions H.R.3655, Digital Market Clarity Act of 2025 - all provisions S.401/H.R.987, Fair Access to Banking Act - all provisions S.875/H.R.2702, Financial Integrity and Regulation Management (FIRM) Act - all provisions S.919/S.1582, Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act - all provisions S.1053/H.R.2246, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 - all provisions S.1582, GENIUS Act - all provisions S.2381/H.R.1944, the 10 Percent Credit Card Interest Rate Cap Act - all provisions

Client expense: $1,250,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Met with White House and Treasury on trade and tariffs S. 1053/ H.R. 2246, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 - all provisions

Client expense: $1,250,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

S. 424, Retirement Fairness for Charities and Educational Institutions Act of 2025 S. 1053, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 S. 1808, Access to Small Business Investor Capital Act S. 1877, Improving Disclosure for Investors Act of 2025 H.R. 1013, Retirement Fairness for Charities and Educational Institutions Act of 2025 H.R. 2246, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 H.R. 2441, Improving Disclosure for Investors Act of 2025 H.R. 2225, Access to Small Business Investor Capital Act H.R. 3682, Financial Stability Oversight Council Improvement Act of 2025 H.R. 3383, Increasing Investor Opportunities Act H.R. 3959, Protecting Private Job Creators Act Escheatment of securities Investment Company Act of 1940 modernization

Client expense: $1,280,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to ETF regulation Issues related to municipal bonds and the structure of the municipal securities market Issues related to equity market structure matters Issues related to fund disclosure and investor experience, including providing for electronic delivery of fund information, and the Improving Disclosure for Investors Act (H.R. 2441, S. 1877) Issues related to corporate governance, including ESG and proxy process, including the INDEX Act Issues related to fixed income funds Issues related to index funds Issues related to access to investment opportunities Issues related to allowing collective investment trusts in 403(b) plans, including the Retirement Fairness for Charities and Educational Institutions Act (H.R. 1013, S. 424) Issues related to products and markets, including Foreign Investment Guardrails to Help Thwart China Act (H.R. 2246, S.1055) Issues related to systemic risk regulation and non-bank financial intermediation including the FSOC Improvement Act (H.R.3682)

Client expense: $550,000 · Firm income: Not reported

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Energy Regulatory Commission (FERC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

H.R. 1013/S. 424, Retirement Fairness for Charities and Educational Institutions Act of 2025; H.R. 1255, Investing in Our Communities Act; H.R, 1469, Senior Security Act of 2025; H.R. 1483, Protecting Investors Personally Identifiable Information Act; H.R. 2441, Improving Disclosure for Investors Act of 2025; H.R. 2225, the Access to Small Business Investor Capital Act; H.R. 2246, Foreign Investments Guardrails to Help Thwart (FIGHT) China Act; H.R. 3381, Encouraging Public Offerings of 2025; H.R. 3383, Increasing Investor Opportunities Act; H.R. 3394, Fair Investment Opportunities for Professional Experts Act; H.R. 3395, Middle Market IPO Cost Act; H.R. 3633, CLARITY Act of 2025; H.R. 3959, the Protecting Private Job Creators Act; Issues related to H.R.10559 - COINS Act of 2024; H.R.__, Expands Protections for Research Reports to Cover All Securities of All Issuers; H.R.__, Unlocking Capital for Small Business Act of 2025; S. 1582, GENIUS Act; S. 1877, the Improving Disclosure for Investors Act; SEC proposed rule regarding Open-End Fund Liquidity Risk Management Programs and Swing Pricing; SEC Staff Accounting Bulletin 121; SEC No-Action Relief for SEC Rule 15c2-11; SEC proposal on short sale reporting/13f-2 extension; SEC proposed rule regarding Security-based Swaps Large Position Reporting; SEC proposed rule regarding the safeguarding of client assets (custody proposal); SEC proposed rule on Predictive Data Analytics; SEC proposed rules to modify equity market structure; SEC final rule related to clearing of U.S. Treasury securities; SEC CAT Fee filings by the SROs; SEC approval of SROs rules limiting exchange liability; SEC Rule 192 - Securitization Conflicts of Interest; CFPB enforcement action relating to the National Collegiate Student Loan Trusts; FDIC Brokered Deposit Proposal; FDIC Proposal to amend change in Bank Control Act Regulations; U.S. Treasury Departments Final Rule, Provisions Pertaining to U.S. Investments in Certain National Security Technologies and Products in Countries of Concern; Federal Reserve Proposal to revise its stress testing process; Congressman Fitzgerald's discussion draft GSE Reform legislation; Sovereign Debt restructuring proposals; Legislation to enhance retail investor access to private markets; Prudential agency (Federal Reserve, OCC and FDIC) proposal to implement the Basel Endgame reforms in the U.S. and congressional (U.S. House and Senate) oversight of the same, including revisions to the trading book capital rules, stress testing, capital surcharges and buffers; Legislation to create a regulatory regime for payment stablecoins (H.R. 2392, STABLE Act, and S. 394, GENIUS Act); Legislation to create a market structure for digital assets; Reintroduction of the Local Infrastructure Act; Municipal Bond Tax Exemption Preservation; Data Privacy legislative proposals.

Client expense: $2,060,000 · Firm income: Not reported

Government targets: Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

- Issues related to capital formation - Issues related to SEC and SRO reform, SRO constitutionality concerns - H.R. 3395, Middle Market IPO Cost Act - Issues related to investor fraud and foreign state-sponsored scams targeting US citizens - S.1053/H.R. 2246, the Foreign Investment Guardrails to Help Thwart China Act - Issues related to inbound and outbound investments to/from China - S.1877, H.R.2441, Improving Disclosure for Investors Act of 2025 - H.R. 3959, legislation codifying SEC Rule 15c2-11 - Issues relating to proxy advisors - Issues related to shareholder proposals - Issues related to SEC recordkeeping rules - Issues related to registered investment advisor regulations - Issues related to Sarbanes Oxley - Issues related to arbitration

Client expense: $100,000 · Firm income: Not reported

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

H.R. 2246/S. 1053, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 Regulation and oversight of investment advisers. Equity market structure issues including electronic and algorithmic trading. Protection for sensitive and proprietary data. Security-based swaps regulation. Nonbank regulation. AML issues. Financial Stability Oversight Council (FSOC) interpretive guidance regarding authority to require supervision and regulation of certain nonbank financial companies. Retail access to alternatives. Accredited investor definition. Capital formation. Increasing initial public offerings (IPOs). Significant risk transfers. Beneficial ownership. Investment limitations on foreign assets. Outbound investment review process. Short selling. Digital assets and cryptocurrencies. Implementation of the Consolidated Appropriations Act of 2023 (P.L. 117-328). Securities lending. Private credit regulation. Treasury market structure.

Client expense: $1,250,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Met with the House and Senate on preemption issues Met with the House and Senate on issues impacting large global banks Met with the House and Senate on digital assets Met with the House and Senate on sanctions legislation Met with the House and Senate on market regulations Met with the House and Senate on bank capital regulations Met with the House and Senate on credit card pricing Met with the House and Senate on AML regulations Met with the House and Senate on geopolitical issues impacting the global economy, including China Met with the House and Senate on proposals related to outbound investment Met with the House and Senate on artificial intelligence Met with the House and Senate on fair access to banking issues and legislative proposals Met with the House and Senate on cybersecurity issues Met with the House and Senate on interchange issues/previously introduced Credit Card Competition Act Met with the House and Senate on bank supervision issues H.R.2392, the Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025 - all provisions S.401/H.R.987, Fair Access to Banking Act - all provisions S.875/H.R.2702, Financial Integrity and Regulation Management (FIRM) Act - all provisions S.919, Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act - all provisions S.1053/H.R.2246, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 - all provisions S.2381/H.R.1944, the 10 Percent Credit Card Interest Rate Cap Act - all provisions

Client expense: $1,420,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Met with White House and Treasury on trade and tariffs S. 1053/ H.R. 2246, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 - all provisions

Client expense: $1,420,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

HR 2246 Foreign Investment Guardrails to Help Thwart (FIGHT) China Act (provisions related to oil and gas investments); S 104 Overturn Bidens Offshore Energy Ban Act; H.J.RES. 57 Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Interior relating to "Oil and Gas and Sulfur Operations in the Outer Continental Shelf-High Pressure High Temperature Updates"; draft legislation on Pipeline Safety Reauthorization; draft legislation regarding changes to the Clean Water Act or National Environmental Policy Act pertaining to permitting reform; draft legislation regarding President Biden offshore territory withdrawal from oil and gas development; draft legislation relating to commingling oil and gas production; 89 Fed. Reg. 104132 2024 LNG Export Study: Energy, Economic, and Environmental Assessment of U.S. LNG Exports; efforts related to engagement with European Union on Corporate Sustainability Due Diligence Directive (CSDDD); efforts related to addressing retroactive liability legislation at the state level.

Client expense: $1,920,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Energy, Dept of, Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)

Issues related to digital trade, tariffs, and digital services taxes; Issues related to export controls, economic security, remote access security, sanctions, outbound investment reviews, and AI Diffusion; S. 1053/H.R. 2246 - the FIGHT China Act of 2025.

Client expense: $720,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Office of Management & Budget (OMB), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

- Issues related to capital formation - Issues related to SEC and SRO reform, SRO constitutionality concerns - Issues related to IPO research - Issues related to investor fraud and foreign state-sponsored scams targeting US citizens - S.1053/H.R. 2246, the Foreign Investment Guardrails to Help Thwart China Act - Issues related to inbound and outbound investments to/from China - H.R. 2441, the Improving Disclosure for Investors Act

Client expense: $80,000 · Firm income: Not reported

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

H.R. 1013/S. 424, Retirement Fairness for Charities and Educational Institutions Act of 2025; H.R. 1255, Investing in Our Communities Act; H.R. 1483, Protecting Investors Personally Identifiable Information Act H.R. 2441, Improving Disclosure for Investors Act of 2025; H.R. 2246, Foreign Investments Guardrails to Help Thwart (FIGHT) China Act; H.R.10559 - COINS Act of 2024; H.R.__, the Increasing Investor Opportunities Act H.R.__, Expands Protections for Research Reports to Cover All Securities of All Issuers; H.R.__, the Encouraging Public Offerings Act of 2025; H.R.__, the Senior Security Act of 2025; H.R.__, the Middle Market IPO Underwriting Cost Act; H.R.__, the Fair Opportunities for Professional Experts Act; H.R.__, Unlocking Capital for Small Business Act of 2025; H.R. __, Comprehensive Outbound Investment National Security Coins Act of 2024; SEC proposed rule regarding Open-End Fund Liquidity Risk Management Programs and Swing Pricing; SEC Staff Accounting Bulletin 121; SEC No-Action Relief for SEC Rule 15c2-11; SEC proposal on short sale reporting/13f-2 extension; SEC proposed rule regarding Security-based Swaps Large Position Reporting; SEC proposed rule regarding the safeguarding of client assets (custody proposal); SEC proposed rule on Predictive Data Analytics; SEC proposed rules to modify equity market structure; SEC final rule related to clearing of U.S. Treasury securities; SEC CAT Fee filings by the SROs; SEC approval of SROs rules limiting exchange liability; SEC Rule 192 - Securitization Conflicts of Interest; CFPB enforcement action relating to the National Collegiate Student Loan Trusts; FDIC Brokered Deposit Proposal; FDIC Proposal to amend change in Bank Control Action Regulations; U.S. Treasury Departments Final Rule, Provisions Pertaining to U.S. Investments in Certain National Security Technologies and Products in Countries of Concern; Federal Reserve Proposal to revise its stress testing process; Congressman Fitzgerald's discussion draft GSE Reform legislation; Sovereign Debt restructuring proposals; Legislation to enhance retail investor access to private markets; Prudential agency (Federal Reserve, OCC and FDIC) proposal to implement the Basel Endgame reforms in the U.S. and congressional (U.S. House and Senate) oversight of the same, including revisions to the trading book capital rules, stress testing, capital surcharges and buffers; President Biden Executive Order 14105, Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern; Legislation to create a regulatory regime for payment stablecoins (H.R. 2392, STABLE Act, and S. 394, GENIUS Act); Legislation to create a market structure for digital assets; Reintroduction of the Local Infrastructure Act; Municipal Bond Tax Exemption Preservation; Data Privacy legislative proposals.

Client expense: $1,890,000 · Firm income: Not reported

Government targets: Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Economic Council (NEC), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of