Family Business Legacy Act of 2025

Draft legislation, carbon tax; Draft legislation, corporation and international tax provisions; Issues related to IRS/free speech activities; Issues related to taxation of energy sources; Monitored implementation of P.L.117-169; Matters dealing with general business and international taxation and tax administration; S. 2003, Strengthening Benefits Plans Act; Various tax policy proposals; International tax / OECD issue; Issues related to the expiration of the 2017 Tax Cut and Jobs Act, particularly corporate and energy taxes; Monitored implementation of H.R. 1, One Big Beautiful Bill Act (P.L. 119-21); Issues related to Treasury reform; H.R. 2918, Family Business Legacy Act; Issues related to tax reform; Employee benefit issues; Issues related to partnership regulations; Issue related to retirement policy; Issues related to tax policy.

Client expense: $1,940,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)

Government Funding Legislation to Open the Federal Government: Supported ongoing efforts in the Senate to advance the minibus package, pass a clean CR - extending the CR to January 2026 - to keep the doors of the federal government open, and ongoing advocacy urging the Senate to open the federal government once shut down. Tax Related Issues: Relief, Compliance, Reform The Family Business Legacy Act, H.R. 2918: Continue to support U.S. House passage of the legislation. Taxpayer Due Process Enhancement Act, H.R. 6506: Supported U.S. House passage of the legislation. Taxpayer Notification and Privacy Act, H.R. 6495: Supported U.S. House passage of the legislation. Access to Capital: Accredited Investor Definition: Continue to express support for efforts in the Congress to modernize the standard. INVEST Act, H.R. 3383: Supported U.S. House Passage of the legislation. Main Street Parity Act, H.R. 5763: Support U.S. House action of the legislation. Made in America Manufacturing Finance Act (H.R. 3174): Support U.S. House action of the legislation. Business Startup & Growth AI for Main Street Act, H.R. 5764: Support action by the U.S. House on the legislation. New Opportunities for Business Ownership and Self-Sufficiency Act (NO BOSS Act), H.R. 6431: Continue to support action by the U.S. House on the legislation. Workforce and Workplace Enhancement Issues Flexibility for Workers Education Act, H.R. 2262: Continue to support U.S. House passage of the bill. Empowering Employer Child and Elder Care Solutions Act, H.R. 2270: Continue to support U.S. House passage of the bill. Working Families Flexibility Act, H.R. 2870: Continue to support U.S. House passage of the bill. Ensuring Workers Get PAID Act, H.R. 2299/S. 2267: Support action by the U.S. House and U.S. Senate on the legislation. Improve and Enhance the Work Opportunity Tax Credit (WOTC) Act, S.3265/H.R. 6231: Support action on the legislation. EITC for Older Workers Act, H.R. 2972: Support U.S. House action on the legislation. Credit for Caring Act, S. 925, H.R. 2036: Support action by U.S. House and U.S. Senate on the legislation. Regulation, Regulatory Modernization, and Compliance Reform: Small Business Regulatory Reduction Act (H.R. 2965): Supported U.S. House passage of the legislation. Small Business Regulatory Flexibility Improvements Act (H.R. 421): Continue to support the legislation and U.S. House passage. Destroying Unnecessary, Misaligned, and Prohibitive Red Tape (DUMP Red Tape) Act, H.R. 4305: Supported U.S. House passage of the legislation. Standardizing Permitting and Expediting Economic Development Act (SPEED Act), H.R. 4776: Support U.S. House passage of the legislation. Promoting Efficient Review for Modern Infrastructure Today (PERMIT) Act, H.R. 3898: Support U.S. House passage of the legislation. PROVE It Act S.2074: Support the U.S. House and U.S. Senate legislation to strengthen regulatory accountability and transparency for small businesses. Fair and Accountable IRS Reviews Act, H.R. 5346: Continue to support the legislation. Taxpayer Due Process Enhancement Act, H.R. 6506: Supported U.S. House passage of the legislation. Taxpayer Notification and Privacy Act, H.R. 6495: Supported U.S. House passage of the legislation. Tax Court Improvement Act, H.R. 5349: Supported U.S. House passage of the legislation. IRS Basis-Shifting Rule and Fair Tax Enforcement: Continue to urge U.S. Treasury to take additional steps to protect small business partnerships from the implementation of policies and procedures that carry out the rules intent even though it as been rescinded. Warehouse Worker Protection Act (S.2613/H.R.4896): Oppose the legislation. Privacy Framework: Continue to support a federal framework governing privacy rules for the United States. DOL Independent Contractor Rule: Continue to support rescission of the independent contractor rule finalized by the Biden Administration, Employee or Independent Contractor Classification Under the Fair Labor Standards Act. FTCs 2023 Merger Guidelines and New Pre-Merger Filing Requirements: Continue to urge reform and clawing back the actions. Modern Worker Empowerment Act, H.R. 1319: Support action by the U.S. House. Modern Worker Security Act, H.R. 1320: Support action by the U.S. House. Faster Labor Contracts Act, S. 844: Oppose this U.S. Senate legislation. The Worker Enfranchisement Act, H.R. 2572: Support action by the U.S. House. Affordable Health Coverage: Lower Health Care Premiums for All Americans Act, H.R. 6703: Supported U.S. House passage of the legislation. Health Savings Accounts (HSAs): Support efforts in the House and Senate to expand and improve the accounts. Centers for Medicare and Medicaid Services (CMS) Rural Health Transformation Program: Supported implementation of the plan to support and strengthen the healthcare ecosystem in rural America that was advanced in the One Big Beautiful Bill Act. Price Controls: Continue to express concerns about drug price controls via most favored nation (MFN) and impact of importing price controls on innovation, investment, patient health. IP Rights and Protections: The RESTORE Patent Rights Act, S.708/H.R. 1574: Support action by the U.S. House and U.S. Senate on the legislation. Presidential Executive Orders and Memorandums SBE Council issued a supportive statement on "Ensuring a National Policy Framework for Artificial Intelligence." Trade and Global Markets: USTR Comments: 2026 Joint Review of the United States-Mexico-Canada Agreement (USMCA): Submitted comments to USTR in support of the general framework, urging more compliance efforts focused on protecting intellectual property (IP). U.S. Commerce Department Comments: Filed comments on Section 232 National Security Investigation of Imports of Personal Protective Equipment, Medical Consumables, and Medical Equipment, Including Devices, and asked for an exemption of Medtech from Sec. 232 tariffs. Continue to Support House and Senate Review of European-based digital laws and regulation such as the EUs Digital Services Act, the UKs Digital Markets, Competition and Consumers Act (DMCC), the EUs Digital Markets Act (DMA), and digital taxes and how these impose discriminatory barriers for American companies. Submitted Testimony for the Record for the Hearing Anti-American Antitrust: How Foreign Governments Target U.S. Businesses to House Judiciary Committee Subcommittee on the Administrative State, Regulatory Reform, and Antitrust and the impact of protectionist policies on U.S. based businesses.

Death Tax Repeal Act - S. 587, H.R. 1301; support for making Tax Cuts and Jobs Act permanent; Family Business Legacy Act - H.R. 2918.

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

Government targets: HOUSE OF REPRESENTATIVES

Tax and Budget, Tax Relief and Reform: Continuing Appropriations and Extensions Act 2026, H.R. 5371: Supported House and Senate passage. Continued to push for Senate passage of the House-passed measure to keep the federal government open. One Big Beautiful Bill Act: Supported advancement of the legislation through House and Senate committees and House and Senate-passed versions, along with final passage of H.R. 1 and signing of the legislation by the President. The Family Business Legacy Act, H.R. 2918: Support Continue to express opposition to raising taxes on small businesses, C-corps and individual taxpayers, carried interest, capital gains and tax increases that would undermine investment and capital availability. American Innovation and Jobs Act of 2025: Support legislation in the House and Senate to restore immediate R&D expensing, and inclusion of this tax relief in the One Big Beautiful Bill Act. Death Tax Repeal Act of 2025: Support House and Senate legislation to fully repeal the death tax. Access to Capital: Accredited Investor Definition: Continue to express support for efforts in the Congress to modernize the standard. Supported U.S. House passage of the following legislation, and support U.S. Senate action: The Expanding Access to Capital for Rural Job Creators Act (H.R. 1190) The Access to Small Business Investor Capital Act (H.R. 2225) A bill to amend the Securities Exchange Act of 1934 to specify certain registration statement contents for emerging growth companies, to permit issuers to file draft registration statements with the Securities and Exchange Commission for confidential review (H.R. 3301) The Helping Startups Continue to Grow Act (H.R. 3323) The Greenlighting Growth Act (H.R. 3343) Fair Investment Opportunities for Professional Experts Act (H.R. 3394) The Improving Access to Small Business Information Act (H.R. 3351) The Helping Angels Lead Our Startups (HALOS) Act of 2025 (H.R. 3352) The Encouraging Public Offerings Act of 2025 (H.R. 3381) The Small Entity Update Act (H.R. 3382) Improving Disclosures for Investors Act of 2025 (H.R. 2441) The Middle Market IPO Underwriting Cost Act (H.R. 3395) Regulation and Regulatory Reform: Small Business Regulatory Reduction Act (H.R. 2965): Support the legislation. Small Business Regulatory Flexibility Improvements Act (H.R. 421): Support the legislation. PROVE It Act: Support House and Senate legislation on the PROVE It Act to strengthen regulatory accountability and transparency for small businesses. Fair and Accountable IRS Reviews Act, H.R. 5346: Support the legislation. Tax Court Improvement Act, H.R. 5349: Support the legislation. Warehouse Worker Protection Act (S.2613/H.R.4896): Oppose the legislation. Privacy Framework: Continue to support a federal framework governing privacy rules for the United States. Anti-CBDC Surveillance State Act (H.R. 1919): Supported passage of the legislation in the House. DOL Independent Contractor Rule: Continue to support rescission of the independent contractor rule finalized by the Biden Administration, Employee or Independent Contractor Classification Under the Fair Labor Standards Act. IRS Basis-Shifting Rule and Fair Tax Enforcement: Continue to urge U.S. Treasury to take additional steps to protect small business partnerships from the implementation of policies and procedures that carry out the rules intent even though it as been rescinded. FTCs 2023 Merger Guidelines and New Pre-Merger Filing Requirements: Continue to urge reform and clawing back the actions. Modern Worker Empowerment Act, H.R. 1319: Support this legislation in the House. Modern Worker Security Act, H.R. 1320: Support this legislation in the House. Faster Labor Contracts Act, S. 844: Oppose this Senate legislation. The Worker Enfranchisement Act, H.R. 2572: Support the legislation. Start Applying Labor Transparency (SALT) Act: Support the legislation. Affordable Health Coverage: Health Savings Accounts (HSAs): Support efforts in the House and Senate to expand and improve the accounts. Telehealth and HSAs: Urged both the House and Senate to make permanent the telehealth provision that provides employers the flexibility to offer their employees with a High Deductible Health Plan (HDHP) paired with a Health Savings Account (HSA) access to telehealth services pre-deductible. Centers for Medicare and Medicaid Services (CMS) Rural Health Transformation Program: Supported implementation of the plan to support and strengthen the healthcare ecosystem in rural America that was advanced in the One Big Beautiful Bill Act. Price Controls: Continue to express concerns about drug price controls via most favored nation (MFN) and impact of importing price controls on innovation, investment, patient health. IP Rights and Protections: The RESTORE Patent Rights Act, S.708/H.R. 1574: Support House and Senate legislation. Trump Administration Nominations: Dr. Casey Mulligans Chief Counsel for Advocacy at the U.S. Small Business Administration (SBA): Supported Senate confirmation of Dr. Mulligan. Crystal Carey as General Counsel of the National Labor Relations Board (NLRB): Support nomination and confirmation. Presidential Executive Orders and Memorandums SBE Council issued supportive statements on "Restoring Law and Order in the District of Columbia," "Guaranteeing Fair Banking for All Americans," "Democratizing Access to Alternative Assets for 401K Investors," and "The Executive Order on TikTok and U.S. Ownership." Education and Technical Training The New Start Act of 2025: Support Trade and Global Markets: Support House and Senate Review of European-based digital laws and regulation such as the EUs Digital Services Act, the UKs Digital Markets, Competition and Consumers Act (DMCC), the EUs Digital Markets Act (DMA), and digital taxes and how these impose discriminatory barriers for American companies.

Death Tax Repeal Act - S. 587, H.R. 1301; support for making Tax Cuts and Jobs Act permanent; Family Business Legacy Act - H.R. 2918; tax provisions in One Big Beautiful Bill Act - H.R. 1.

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

Government targets: HOUSE OF REPRESENTATIVES

Draft legislation, carbon tax; Draft legislation, corporation and international tax provisions; Issues related to IRS/free speech activities; Issues related to taxation of energy sources; Monitored implementation of P.L.117-169; Matters dealing with general business and international taxation and tax administration; S. 2003, Strengthening Benefits Plans Act; Various tax policy proposals; International tax / OECD issue; Issues related to the expiration of the 2017 Tax Cut and Jobs Act, particularly corporate and energy taxes; H.R. 1, One Big Beautiful Bill Act (P.L. 119-21); Issues related to Treasury reform; H.R. 2918, Family Business Legacy Act.

Client expense: $2,310,000 · Firm income: Not reported

Tax and Budget, Tax Relief and Reform Senate Amendment to H.Con.Res. 14: Supported. Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034. The Family Business Legacy Act, H.R. 2918: Support Tax Cuts and Jobs Act (TCJA) of 2017: Continued to express support for extending/making permanent expiring provisions of the TCJA, including: individual tax rates, 20% small business deduction, restoring immediate R&D expensing, and 100% bonus depreciation. Continue to express opposition to raising taxes on small businesses, C-corps and individual taxpayers, carried interest, capital gains and tax increases that would undermine investment and capital availability. Main Street Tax Certainty Act of 2025: Support House and Senate legislation to make permanent the 20% deduction for small- and family-owned businesses (Section 199A). American Innovation and Jobs Act of 2025: Support legislation in the House and Senate to restore immediate R&D expensing. Death Tax Repeal Act of 2025: Support House and Senate legislation to fully repeal the death tax. One Big Beautiful Bill Act: Supported advancement of legislation through House and Senate committees and House and Senate-passed versions, along with final passage of H.R. 1 Access to Capital Accredited Investor Definition: Continue to express support for efforts in the Congress to modernize the standard. Supported Financial Services Committee passage of the following legislation, and urging the full U.S. House to take action: The Expanding Access to Capital for Rural Job Creators Act (H.R. 1190) The Access to Small Business Investor Capital Act (H.R. 2225) A bill to amend the Securities Exchange Act of 1934 to specify certain registration statement contents for emerging growth companies, to permit issuers to file draft registration statements with the Securities and Exchange Commission for confidential review (H.R. 3301) The Helping Startups Continue to Grow Act (H.R. 3323) The Greenlighting Growth Act (H.R. 3343) Fair Investment Opportunities for Professional Experts Act (H.R. 3394) The Improving Access to Small Business Information Act (H.R. 3351) The Helping Angels Lead Our Startups (HALOS) Act of 2025 (H.R. 3352) The Encouraging Public Offerings Act of 2025 (H.R. 3381) The Small Entity Update Act (H.R. 3382) Improving Disclosures for Investors Act of 2025 (H.R. 2441) The Middle Market IPO Underwriting Cost Act (H.R. 3395) Regulation and Regulatory Reform Small Business Regulatory Reduction Act (H.R. 2965): Support the legislation. Small Business Regulatory Flexibility Improvements Act (H.R. 421): Support the legislation. PROVE It Act: Support House and Senate legislation on the PROVE It Act to strengthen regulatory accountability and transparency for small businesses. Privacy Framework: Continue to support a federal framework governing privacy rules for the United States. Anti-CBDC Surveillance State Act (H.R. 1919): Support the legislation. Federal Trade Commissions Click-to-Cancel Rule: Filed a recommendation with the Department of Government Efficiency (DOGE) to rescind the rule. DOL Independent Contractor Rule: Urged the Department of Labor to rescind the independent contractor rule finalized by the Biden Administration, Employee or Independent Contractor Classification Under the Fair Labor Standards Act. IRS Basis-Shifting Rule: Urged the U.S. Treasury to take additional steps to protect small businesses from the implementation of policies and procedures that carry out the rules intent even though it as been rescinded. FTCs Business Opportunity Rule and Earnings Claims Rule: Support the recession of these rules. FTCs 2023 Merger Guidelines and New Pre-Merger Filing Requirements: Continue to urge reform and clawing back the actions. Modern Worker Empowerment Act: Support this legislation in the House. Modern Worker Security Act: Support this legislation in the House. Faster Labor Contracts Act, S. 844: Oppose this Senate legislation. The Worker Enfranchisement Act, H.R. 2572: Support the legislation. Start Applying Labor Transparency (SALT) Act: Support the legislation. Congressional Review Act (CRA) Resolutions: Federal Trade Commission (FTC) Pre-Merger Notification Rule: Called for a CRA to overturn the FTC rulemaking. CRAs H.J. 87, H.J. 88 and H.J. 89: Supported these series of resolutions related to California waivers on environmental rules. Trade Policy and Global Markets Section 232 of the Trade Expansion Act and National Security Investigation of Pharmaceutical Import: Filed comments with the Department of Commerce urging exemption from trade actions against Europe and Japan with respect to pharmaceutical imports. Affordable Health Coverage Health Savings Accounts (HSAs): Support efforts in the House and Senate to expand and improve the accounts. Telehealth and HSAs: Urged both the House and Senate to make permanent the telehealth provision that provides employers the flexibility to offer their employees with a High Deductible Health Plan (HDHP) paired with a Health Savings Account (HSA) access to telehealth services pre-deductible. IP Rights and Protections Expressed concerns about a slate of bills being considered by the Senate Judiciary Committee including: S. 1040, a bill to amend the Federal Trade Commission Act to prohibit product hopping; S. 1041, a bill to amend Title 35 of the U.S. Code to address infringement of patents that claim biological products; S. 1097, the Interagency Patent Coordination and Improvement Act of 2025; and S. 1096, the Preserve Access to Affordable Generics and Biosimilars Act. The RESTORE Patent Rights Act: Support House and Senate legislation. Trump Administration Nominations Dr. Casey Mulligans Chief Counsel for Advocacy at the U.S. Small Business Administration (SBA): Continue to support the confirmation of Dr. Mulligan. Crystal Carey as General Counsel of the National Labor Relations Board (NLRB): Support nomination and confirmation. Presidential Executive Orders and Memorandums Related Executive Orders (Eos) released on April 9: SBE Council issued a supportive statement on the release of the following Eos and Memorandum: Reducing Anti-Competitive Regulatory Barriers, Zero-Based Budgeting to Unleash American Energy, Maintaining Acceptable Water Pressure in Showerheads, and the Memorandum, Repeal of Regulations that are Unlawful Under 10 Recent Supreme Court Decisions. Education and Technical Training The New Start Act of 2025: Support

Death Tax Repeal Act - S. 587, H.R. 1301; support for making Tax Cuts and Jobs Act permanent; Family Business Legacy Act - H.R. 2918; tax provisions in One Big Beautiful Bill Act - H.R. 1.

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

Government targets: HOUSE OF REPRESENTATIVES

Death Tax Repeal Act - S. 587, H.R. 1301; support for making Tax Cuts and Jobs Act permanent; Family Business Legacy Act - H.R. 2918.

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

Government targets: HOUSE OF REPRESENTATIVES