Policyholder Disaster Protection Act of 2006

S.2509, National Insurance Act. S. 3239, Uniform Insurance Non-Coverage Disclosure Act. S. 1783, Pension Security & Transparency Act; Sec. 1341(b), ERISA Bonding Requirements. S. 4025, Insurance Industry Antitrust Enforcement Act of 2006. H.R. 2668/ S. 3116, Policyholder Disaster Protection Act. H.R. 4366/ S. 3117, Homeowners Insurance Protection Act. H.R. 4836/ S. 3115, Catastrophe Savings Accounts Act. H.R. 4973/ S. 3589, Flood Insurance Reform and Modernization Act. H.R. 5891/ S. 3114, Catastrophic Disaster Risk and Insurance Commission Act. H.R. 2830, Pension Protection Act; Sec. 305(c), ERISA Bonding Requirements. SMART Act (No bill number). S. 1777, Katrina Emergency Assistance Act. S. 2005, National Flood Mapping Act. S. 2275, National Flood Insurance Program Enhanced Borrowing Act.

Client expense: $1,870,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office

S. 3116, H.R. 2668 -Policyholder Disaster Protection Act of 2006 Taxation on insurance companies, international taxation, taxation of reinsurance transactions S. 1363 - Amends the Internal Revenue Code of 1986 regarding tax treatment of dividends HR 1303 - Fairness and Accountability in International Taxation of 2005; HR 4297 - Tax Increase and Prevention and Reconciliation Act of 2005;

Client expense: $800,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

Issues related to terrorism risk insurance - President's Working Group report; HR 4619 - To establish a commission on terrorism risk insurance National Flood Insurance Program - HR 4320, S 3589 - Reforms the NFIP program; HR 4973; HR 6108 Crop insurance, HR 5384 - fiscal 2007 agricultural appropriations bill Issues related to the repeal of McCarren-Ferguson Act Issues related to the Medicare Secondary Payer and Workers' Compensation Reform, HR 5309 Issues related to insurance and natural catastrophes, S. 3114, H.R.5587, H.R.5891 - Bipartisan Commission on Cat Insurance Reform; S. 3115 , H.R.4836 Catastrophic Savings Accounts Act of 2006; S. 3116, H.R. 2668 - Policyholder Disaster Protection Act of 2006; S. 3117, H.R.4366 - Homeowners Protection Act of 2006 Optional Federal Charter for insurers: S 2509, HR 6225, National Insurance Act of 2006 HR 5637, Nonadmitted and Reinsurance Reform Act of 2006 Asbestos Litigation Reform: S 852 - FAIR Act of 2005; S 3274; HR 1360; HR 19

Client expense: $800,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

H.R. 3945 - Hurricane Katrina Financial Services Relief Act of 2005 - All provisions H.R. 4100 - Louisiana Recovery Corporation Act - All provisions H.R. 4266 - Housing Opportunities and Mitigating Emergencies Act of 2005 - All provisions H.R. 4507 - Natural Catastrophe Insurance Act of 2005 - All provisions H.R. 4836 - Catastrophe Savings Account Act of 2006 - All provisions H.R. 5441 - Fiscal 2007 Homeland Security Appropriations - All provisions H.R. 5794 - Flood Mitigation Enhancement Act of 2005 - All provisions H.R. 5887 - Commission on Catastrophic Disaster Risk and Insurance Act of 2006 - All provisions H.R. 5891 - Catastrophic Disaster Risk and Insurance Commission Act of 2006 - All provisions S. 2133 - Disaster Relief Act of 2005 - All provisions S. 3114 - Commission on Catastrophic Disaster Risk and Insurance Act of 2006 - All provisions S. 3115 - Catastrophe Savings Account Act of 2006 - All provisions S. 3116 - Policyholder Disaster Protection Act of 2006 - All provisions S. 3117- Homeowners' Protection Act of 2006 - All provisions H.R. 103 - Low-Income Families Flood Insurance Access - All provisions H.R. 3922 - Hurricane Katrina and Rita Flood Insurance Buy-In Act of 2005 - All provisions H.R. 3935 - Hurricane Relief Bonds Act of 2005 - All provisions H.R. 4320 - National Flood Insurance Program Commitment to Policyholders and Reform Act of 2005 - All provisions H.R. 4453 - Flood Insurance Needs Defined Accountability Act of 2005 - All provisions H.R. 4656 - National Flood Insurance Program Enhanced Borrowing Authority Act of 2005 - All provisions H.R. 4973 - To restore the financial solvency of the national flood insurance program and for other purposes - All provisions S. 1765 - Louisiana Katrina Reconstruction Act - All provisions S. 1928 - SMART Act - All provisions S. 1936 - Hurricane Katrina and Rita Flood Insurance Buy-In Act of 2005 - All provisions S. 2005 - National Flood Mapping Act of 2005 - All provisions S. 2275 - National Flood Insurance Program Enhanced Borrowing Authority Act of 2006 - All provisions S. 3589 - National Flood Insurance Reform and Modernization Act of 2006 - All provisions S. 3701 - Catastrophic Health Care Coverage Promotion Act - All provisions S. 3721 - Post Katrina Emergency Management Reform Act of 2006 - All provisions H.R. 846 - Homeowners' Insurance Availability Act of 2005 - All provisions H.R. 2668 - Policyholder Disaster Protection Act of 2005 - All provisions H.R. 4366 - Homeowners' Insurance Protection Act of 2005 - All provisions H.R. 3524 - Safe Communities Act of 2005- All provisions

Client expense: $1,660,000 · Firm income: Not reported

Government targets: Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

TRIA, general discussions covering terrorism insurance, extension and long-term solutions, as it relates the insurance industry. Optional federal charter, the National Insurance Act of 2006, and general discussions covering federal regulation and regulatory reform for insurance industry, all lines, including surplus lines and reinsurance. Privacy and data security, HR 3997, HR 4127 and other related measures. Discussions on provisions relating to the property and casualty, life insurance and financial services indsutry, as related to FCRA, FACT Act and GLBA. S. 3239, the Uniform Insurance Non-Coverage Disclosure Act. S. 3703 and HR 6309, auto titling and salvage, provisions relating to the property and casualty insurance industry. Truth in Mileage Act, general inquiries on provisions related to the P&C insurance industry. General discussion covering P&C, life insurance, financial services, and discussions related to use of credit, affiliate sharing and other provisions of FCRA, FACT Act and GLBA , as related to the insurance industry. National building codes, standards and enhancement, general discussions related to insurance and housing industries. General discussions covering McCarran Ferguson. Flood insurance reform discussions, and related issues covering the NFIP and write-your-own program. Disaster Insurance - HR 4366, S. 3114, S. 3115, S. 3116, S. 3117, and related issues covering natural disaster insurance. The post-Katrina Emergency Reform Act.

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

Government targets: Congressional Budget Office (CBO), Education, Dept of, Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Labor, Dept of (DOL), SENATE, Treasury, Dept of

TRIA, general discussions covering terrorism insurance, extension and long-term solutions, as it relates the insurance industry. Optional federal charter, the National Insurance Act of 2006, and general discussions covering federal regulation and regulatory reform for insurance industry, all lines, including surplus lines and reinsurance. Privacy and data security, HR 3997, HR 4127 and other related measures. Discussions on provisions relating to the property and casualty, life insurance and financial services indsutry, as related to FCRA, FACT Act and GLBA. S. 3239, the Uniform Insurance Non-Coverage Disclosure Act. S. 3703 and HR 6309, auto titling and salvage, provisions relating to the property and casualty insurance industry. Truth in Mileage Act, general inquiries on provisions related to the P&C insurance industry. General discussion covering P&C, life insurance, financial services, and discussions related to use of credit, affiliate sharing and other provisions of FCRA, FACT Act and GLBA , as related to the insurance industry. National building codes, standards and enhancement, general discussions related to insurance and housing industries. General discussions covering McCarran Ferguson. Flood insurance reform discussions, and related issues covering the NFIP and write-your-own program. Disaster Insurance - HR 4366, S. 3114, S. 3115, S. 3116, S. 3117, and related issues covering natural disaster insurance. The post-Katrina Emergency Reform Act.

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

Government targets: Congressional Budget Office (CBO), Federal Communications Commission (FCC), Federal Emergency Management Agency (FEMA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Labor, Dept of (DOL), SENATE, Treasury, Dept of

H.R. 8/ S. 420 - Death Tax Repeal Permanency Act of 2005 would make the provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 concerning the repeal of the Federal estate tax and generation-skipping transfer tax (Death Tax/Estate Tax) permanent. H.R. 25/S. 1921 - Fair Tax Act of 2005 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2005. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. H.R. 453 - Home Lead Safety Tax Credit Act of 2005 - Amends the Internal Revenue Code to provide owners of residential properties built in the United States before 1978 a tax credit for lead-based paint abatement costs performed by a certified lead abatement contractor. Limits the amount of such credit to 50 percent of the cost of the abatement, not to exceed $1,500 per dwelling unit. H.R. 1010/S. 580 - Amends the Internal Revenue Code to permit certain amendments, waivers, or other modifications to mortgages held by a Real Estate Mortgage Investment Conduit (REMIC) or a Grantor Trust without disqualifying such mortgages as REMIC or Grantor Trust mortgages. Permits amendments, waivers, or modifications that do not extend the final maturity date of a mortgage, increase the outstanding balance of the mortgage, result in the release of an interest in real property securing the mortgage, or result in an instrument or property right which is not debt for Federal income tax purposes. H.R. 1549/S. 859 - Renewing the Dream Tax Credit Act amends the Internal Revenue Code to allow homebuilders and investors a general business tax credit for building or substantially rehabilitating residences for low and moderate-income individuals in certain areas, including a rural area, an Indian reservation, or an area of chronic economic distress. H.R. 1663/S. 621 - would both amends the Internal Revenue Code to make permanent the 15-year recovery period for the depreciation of qualified leasehold improvement property (property held and improved by a lessor). H.R. 2668/ S. 3116 - Policyholder Disaster Protection Act of 2005 amends the Internal Revenue Code to allow insurance companies (other than life insurance companies) to make tax deductible contributions to a tax-exempt policyholder disaster protection fund established by this Act for the payment of policyholders' claims arising from certain catastrophic events, such as windstorms, earthquakes, fires, or floods. H.R. 2980/ H.R. 3268- Eminent Domain Relief Act amends the Internal Revenue Code to allow the non-recognition of gain from the involuntary conversion (by eminent domain) of taxpayer property. Exempts such taxpayer from certain tax rules for involuntary conversions, including the requirement that the condemned property be converted into similar property within a specified two-year period. H.R. 3098/S. 132 - Mortgage Insurance Fairness Act of 2005 amends the Internal Revenue Code to allow a tax deduction for mortgage insurance premiums. Reduces the amount of such deduction for taxpayers with adjusted gross incomes exceeding $100,000. H.R. 4128/S. 1895 - Private Property Rights Protection Act would make ineligible for federal funds any condemning authority or acquiring party that engages or participates in a taking or condemnation of any real property interest not for a public use or public purpose using the power of eminent domain, without the owner's consent. It would also allow a property owner who is notified that his or her property will be taken to file for and attach a Fifth Amendment property protection statement (PPS) indicating that the condemning entity is exceeding its authority. H.R. 4297/ S. 2020 - Tax Relief Act of 2005 were tax reconciliation bills. Included in these bills were real estate related tax provisions concerning: a one-year trial for specific mortgage insurance premium deductions, a one-year extension for brownfield tax deductions, a one-year extension for leasehold improvement property 15-year recovery period for depreciation, extensions and changes to qualified mortgage veteran bonds, and a one-year adjustment for the alternative minimum tax. H.R. 5638/ H.R. 5970 - Permanent Estate Tax Relief Act of 2006 would allow for estates under $5 million ($10 million for couples) to be exempt from the estate tax. Estates that are over $5 million but below $25 million would be taxed at the same rate as capital gains, currently 15%. Estates that are over $25 million would be taxed at double the capital gains rate, currently 30%. H.R. 3194/S. 1330 - Both bills would give employers a tax credit of up to 50 percent of $10,000 or 6% of the purchase price of the employee's principle residence (whichever is less). H.R. 6111 - The Tax Relief and Healthcare Act of 2006 included extensions to Internal Revenue Codes that included, leasehold improvements deductible and amortized over 15-years, Brownfield improvement deductions, and a mortgage insurance premium deduction. S. 1883 - Empowering More Property Owners With Enhanced Rights Act of 2005 would amend the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 to require a federal agency when acquiring real property to provide to a property owner with: (1) at the beginning of the negotiation process, the current contact information for the Office of the Property Rights Ombudsperson; (2) a description of available mediation and other dispute resolution alternatives; and (3) in specified cases, a copy of the appraisal. Downpayment Assistance Programs - Have contacted members of Congress and staff at Internal Revenue Service (IRS) concerning their May 4, 2006 ruling that organizations that provide seller-funded downpayment assistance to buyers cannot qualify as tax-exempt organizations. In order to qualify the programs must be properly structured and operated under the rules the IRS has set for not-for-profit organizations. Employee Housing Downpayment Assistance - Have contacted staff/members of Congress about the possibility of introducing legislation that would allow for employee housing downpayment assistance programs that would give employers an incentive to provide their employees with housing downpayment assistance and make the downpayment assistance tax-free to the employees. Tax Reform - Have contacted members of Congress concerning the President's Advisory Panel on Federal Tax Reform report, which was issued on November 1, 2005. Discussions were about the Real Estate related concerns, such as the mortgage interest deduction, home equity lines of credit, and state/local tax deductions. These issues have been addressed in conjunction with discussions concerning the Alternative Minimum Tax (AMT). House Concurrent Resolution 272 - Expresses support for the current standards of the mortgage interest tax deduction under the Internal Revenue Code and opposition to the initial recommendation of the President's Advisory Panel on Federal Tax Reform to limit such deduction. FIRPTA Changes - Have contacted members of Congress concerning changing the provisions in the Foreign Investment Real Property Tax Act (FIRPTA) to allow a seller of property to provide the information required by FIRPTA to escrow or another settlement provider as an alternative to providing that information to the buyer.

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

Government targets: Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of, Veterans Affairs, Dept of (VA)

Terrorism Risk Insurance Act, H.R. 1153; S.467 Fairness in Asbestos Injury Resolution Act of 2005, S.852; H.R. 1360; H.R. 1957; S. 3274 Optional Federal Charter/Regulatory Reform/SMART Act, S. 2509 National Flood Insurance Program, H.R. 4320; H.R. 4973, H. Res. 891; S. 2275; S. 3589; P.L. 109-410; P.L. 109-271 Privacy/Data Security, H.R. 4127, H.R. 3997, H.R. 4411, S.2169 Reinsurance and E&S Marketplace, H.R. 5637 Natural Catastrophes Proposals, H.R. 4366; H.R. 846; H.R. 4836; H.R. 4507; H.R. 2668; S. 3114; S. 3115; S. 3116; S. 3117; H.R. 5891

Client expense: $1,200,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office