A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services.

Meetings and calls with Members and staff of House and Senate Committees and agency officials concerning possible legislation and regulatory measures and Congressional studies affecting hedge funds and other alternative investments. H.R. 2834 To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. H.R. 2785 To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. H.R. 3501 To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness by organizations which are limited partners for purposes of the unrelated business income tax. H.R. 3923 To amend the Internal Revenue Code of 1986 to provide for the treatment of certain foreign nonqualified deferred compensation. H.R. 3996 To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. H.R. 3970 To amend the Internal Revenue Code of 1986 to provide additional tax relief to low and moderate income individuals, to repeal the individual alternative minimum tax, to reform the corporate income tax, and for other purposes. S. 55 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax S. 681 Stop Tax Haven Abuse Act S. 1624 To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services S. 2199 To amend the Internal Revenue Code of 1986 to provide for the treatment of certain foreign nonqualified deferred compensation. S. 2293 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax, and for other purposes. S. 2318 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax and to permanently extend the reductions in income tax rates, and for other purposes. Section 409A of the Internal Revenue Code H.R. 6049, the Renewable Energy and Job Creation Act of 2008 H.R.6275 Alternative Minimum Tax Relief Act of 2008

Client expense: $680,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

S 1624, Tax Treatment of Publicly Traded Partnerships: taxation / Internal Revenue Code. HR 2834, Tax Treatment of Carried Interest: taxation / Internal Revenue Code.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

S 1624 - A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships and corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment advisers and related asset management services - all provisions Monitor developing tax policy Item 16 continued HR 2834 - To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services - all provisions HR 6521 - The Federal Housing Finance Regulatory Reform Act of 2008 - provisions related to access to capital, urban workforce housing and Real Estate Investment Trusts HR 3321 - Housing and Economic Recovery Act of 208 - provisions relates to access to capital, urban workforce housing and Real Estate Investment Trusts HR 6725 - The Alternative Minimum Tax Relief Act of 2008 - provisions related to carried interests HR 1424 - The Emergency Economic Stabilization Act of 2008 - all provisions

Client expense: Not reported · Firm income: $50,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 822/H.R. 1385 - New Homes Tax Credit Extension-Extends certain EPact tax provisions set to expire in 2008. Extends the energy efficiency home tax credit - Energy Star and $2,000 tax credit for Modular homes. HR3648/S1394-Mortgage Debt Forgiveness-Debt considered income for tax purposes would not be considered as taxable income. H.R. 3996/2834/3970/S. 1624 - Carried Interest Legislation-Legislation would tax carried interest as ordinary income. H.R. 5720 - Housing Assistance Tax Act-Legislation offers an additional standard deduction for non-itemizers.

Client expense: $90,345 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Intl Trade Administration (ITA), Occupational Safety & Health Administration (OSHA), SENATE, Transportation, Dept of (DOT), Treasury, Dept of

H.R. 2834 provisions related to tax treatment of carried interest for certain partnerships; S. 1624 provisions related to tax treatment of private equity funds that become publicly-traded partnerships

Client expense: Not reported · Firm income: $150,000

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

Senate Banking Committee oversight of private equity firms and consideration of legislation regarding same; H.R. 2834 provisions related to tax treatment of carried interest for certain partnerships; S. 1624 provisions related to tax treatment of private equity funds that become publicly-traded partnerships

Client expense: Not reported · Firm income: $150,000

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

H.R. 2834 provisions related to tax treatment of carried interest for certain partnerships; S. 1624 provisions related to tax treatment of private equity funds that become publicly-traded partnerships

Client expense: Not reported · Firm income: $150,000

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

Tax issues affecting private equity firms: S. 1624, H.R. 2834, H.R. 2785, H.R. 6275

Client expense: Not reported · Firm income: $150,000

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

House Financial Services committee oversight of private equity firms and consideration of legislation regarding same; H.R. 2834 provisions related to tax treatment of carried interest for certain partnerships; S. 1624 provisions related to tax treatment of private equity funds that become publicly-traded partnerships

Client expense: Not reported · Firm income: $150,000

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

S.1624, To amend the Internal Revenue Code in reference to publicly traded partnerships (PTP); HR.2834, To amend the Internal Revenue Code in reference to the treatment of interest income by PTPs; Proposals regarding the tax treatment of carried interest; Proposals regarding sovereign wealth funds; HR. 6275, Alternative Minimum Tax Relief Act of 2008; HR. 1424: Emergency Economic Stabilization Act of 2008; Proposals for financial regulatory reform.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S.1624, To amend the Internal Revenue Code in reference to publicly traded partnerships (PTP); HR.2834, To amend the Internal Revenue Code in reference to the treatment of interest income by PTPs; Proposals regarding the tax treatment of carried interest; Proposals regarding sovereign wealth funds; HR. 6275, Alternative Minimum Tax Relief Act of 2008; HR. 1424: Emergency Economic Stabilization Act of 2008; Proposals for financial regulatory reform.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S.1624, To amend the Internal Revenue Code in reference to publicly traded partnerships (PTP); HR.2834, To amend the Internal Revenue Code in reference to the treatment of interest income by PTPs; Proposals regarding the tax treatment of carried interest; HR. 6275, Alternative Minimum Tax Relief Act of 2008.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Taxation of publicly traded partnerships; S.1624; HR.2785; HR.2834.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Taxation of investment management firms; S. 1624 Taxation of publicly traded partnerships.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.2205 - Retirement Security for Life Act of 2007, tax incentive for lifetime annuity payout; S.1624 - Publicly Traded Partnerships bill, in particular the grandfather status of publicly traded partnerships; Executive compensation provisions in AMT (e.g., H.R.3970, H.R.4351); H.R. 1746, Holocaust Insurance Accountability Act of 2008, clarify exemptions for ICHEIC participant companies, refine cause of action and oppose registry provisions in conflict with privacy laws.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Preserve publicly traded partnership status under Internal Revenue Code Section 7704(g) (e.g., S.1624, H.R.2785, H.R.2834); Carried interest provision in the AMT (e.g., H.R.3970, H.R.4351); S. 2886, Alternative Minimum Tax and Extenders Tax Relief Act of 2008; H.R. 6049, Energy and Tax Extenders Act of 2008; Technical clarification that offshore deferred compensation proposals do not apply to domestic financial publicly traded partnerships; H.R. 1424, Emergency Economic Stabalization Act of 2008.

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Meetings and calls with Members and staff of House and Senate Committees and agency officials concerning possible legislation and regulatory measures and Congressional studies affecting hedge funds and other alternative investments. H.R. 2834 To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. H.R. 2785 To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. H.R. 3501 To amend the Internal Revenue Code of 1986 to provide that indebtedness incurred by a partnership in acquiring securities and commodities is not treated as acquisition indebtedness by organizations which are limited partners for purposes of the unrelated business income tax. H.R. 3923 To amend the Internal Revenue Code of 1986 to provide for the treatment of certain foreign nonqualified deferred compensation. H.R. 3996 To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes. H.R. 3970 To amend the Internal Revenue Code of 1986 to provide additional tax relief to low and moderate income individuals, to repeal the individual alternative minimum tax, to reform the corporate income tax, and for other purposes. S. 55 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax S. 681 Stop Tax Haven Abuse Act S. 1624 To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services S. 2199 To amend the Internal Revenue Code of 1986 to provide for the treatment of certain foreign nonqualified deferred compensation. S. 2293 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax, and for other purposes. S. 2318 To amend the Internal Revenue Code of 1986 to repeal the individual alternative minimum tax and to permanently extend the reductions in income tax rates, and for other purposes. Section 409A of the Internal Revenue Code H.R. 6049, the Renewable Energy and Job Creation Act of 2008 H.R.6275 Alternative Minimum Tax Relief Act of 2008

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

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

-S 1624: To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services, Regarding provisions concerning PTP and carried interest legislation. -HR 2834: To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services, Regarding provisions concerning PTP and carried interest legislation. -HR 2785: To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services, Regarding provisions concerning PTP and carried interest legislation. - HR 3996: Temporary Tax Relief Act of 2007, Regarding provisions concerning PTP and carried interest legislation. - HR 3970: Tax Reduction and Reform Act of 2007, Regarding provisions concerning PTP and carried interest legislation. - HR 6275: Alternative Minimum Tax Relief Act of 2008, Regarding provisions concerning PTP and carried interest legislation. - Legislative proposals regarding taxation of publically traded partnerships.

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

S. 601, the Simplification Through Additional Reporting Tax Act of 2007 S. 777, to repeal the imposition of withholding on certain payments made to vendors by government entities. S. 819, the Public Good IRA Rollover Act of 2007 - Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for certain charitable purposes. S. 940, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income (all provisions) S. 1624, A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. (all provisions) S. 1726, the Business Activity Tax Simplification Act (all provisions) S. 2394, the Good Government Contractor Act of 2007 (provision to repeal withholding requirement) S. 3063, the S Corporation Modernization Act S. 3254, the Small Bank Tax Equity Act S. 3335, the Jobs, Energy, Families, and Disaster Relief Act of 2008 (provisions to extend business-related tax provisions) H.R. 6, the Renewable Fuels, Consumer Protection, and Energy Efficiency Act of 2007 (S.Amdt. 1704, tax title provisions) H.R. 976, the Small Business Tax Relief Act of 2007 (all provisions) H.R. 1419, the Public Good IRA Rollover Act or 2007 - Amends the Internal Revenue Code to exclude from gross income distributions from individual retirement accounts for certain charitable purposes. H.R. 1424, the Emergency Economic Stabilization Act H.R. 1509, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income (all provisions) H.R. 1677, the Taxpayer Protection Act of 2007 (refund anticipation loan provisions) H.R. 1023, to repeal the impositions of withholding on certain payments made to vendors by government entities. H.R. 2370, to amend the Internal Revenue Code of 1986 to provide for the establishment of financial security accounts for the care of family members with disabilities. H.R. 2834, to amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. H.R. 3056, the Tax Collection Responsibility Act of 2007 (all provisions) H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act H.R. 3648, the Mortgage Forgiveness Debt Relief Act of 2007 (all provisions) H.R. 3678, the Internet Tax Freedom Act Amendments Act of 2007 (all provisions) H.R. 3970, the Tax Reduction and Reform Act of 2007 (revenue offset provisions, including economic substance doctrine, cost basis reporting, and deferred compensation taxation) H.R. 3996, the Tax Increase Prevention Act of 2007 (mortgage debt forgiveness, revenue offset tax provisions) H.R. 3997, the Emergency Economic Stabilization Act H.R. 4351, the AMT Relief Act of 2007 (revenue offsets provisions on the economic substance doctrine, deferred offshore compensation for hedge fund managers, and interest expense allocation rules for multinational firms) H.R. 4840, the S Corporation Modernization Act (all provisions) H.R. 5267, the Business Activity Tax Simplification Act of 2008 (all provisions) H.R. 5720, the Housing Assistance Tax Act of 2008 (all provisions, including bond authority, tax credits, cost-basis reporting requirements, and IRS withholding requirements) H.R. 6049, the Renewable Energy and Job Creation Act of 2008 (tax extension provisions, including research and development tax credit, Subpart F and Section 355 (controlled foreign corporation) rules, new markets tax credit; revenue offsets including effective date of new interest expense allocation, changes to deferred compensation rules for managers of offshore hedge funds) H.R. 6275, the Alternative Minimum Tax Relief Act of 2008 (revenue offset provisions) H.R. 6333, the Municipal Bonds Market Support Act (all provisions) H.R. 6601, the Small Business Tax Modernization Act of 2008 (all provisions) H.R. 7060, the Renewable Energy and Job Creation Tax Act of 2008 (business tax provisions, revenue offsets) Draft Legislation to require Cost-Basis Reporting for Securities Credit Card Information Reporting Codification of the Economic Substance Doctrine Proposals to apply unrelated business income tax (UBIT) to credit unions Proposals on Estate and Gift Tax Reform Proposed Middle Class Job Security Act (corporate tax rate, net operating loss carry-back provisions) Proposed amendment to Section 67(e) tax deductibility of trustee fees Proposals to increase net operating loss carryback provisions Proposals to modify or eliminate Internal Revenue Service provisions (Notice 2008-83) affecting loss deductibility in bank mergers

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

Government targets: Defense, Dept of (DOD), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Social Security Administration (SSA), Treasury, Dept of, White House Office

Energy Advancement & Investment Act of 2007 H.R. 2834 / S. 1624 Carried Interest Legislation H.R. 6049 The Renewable Energy and Job Creation Act of 2008

Client expense: Not reported · Firm income: $50,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

S. 822/H.R. 1385 - New Homes Tax Credit Extension-Extends certain tax provisions set to expire in 2008. Extends the energy efficiency home tax credit - Energy Star and $2,000 tax credit for Modular homes. HR3648/S1394-Mortgage Debt Forgiveness-Debt considered income for tax purposes would not be considered as taxable income. H.R. 3996/2834/3970/S. 1624 - Carried Interest Legislation-Legislation would tax carried interest as ordinary income.

Client expense: $79,510 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Intl Trade Administration (ITA), Occupational Safety & Health Administration (OSHA), SENATE, Transportation, Dept of (DOT), Treasury, Dept of

HR 6: CLEAN Energy Act, HR 3221: Renewable Energy and Conservation Act, HR 2776 Renewable Energy and Conservation Tax Act, HR 906; Global Change Research and Data Management Act, HR 364: Provide for Establishment of Advanced Research Projects Agency-Energy, HR 453: Ending Subsidies for Big Oil, HR 586: Energy Fairness for America Act HR 586: Energy Fairness for America Act, HR1252: Federal Price Gouging Prevention Act, HR 590: Safe Climate Act, HR 2834: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 905: To amend IRS Code of 1986 to eliminate taxable income limit on percentage depletion for oil and natural gas produced by marginal properties, S 103: Restore a Rational Rate on Petroleum Production Act, S 115: Oil SENSE Act, S133: American Fuels Act, S 2191: America's Climate Security Act of 2007, S 151: California Ocean and Coastal Protection Act, S 341: Energy Fairness for America Act, S 666: Oil Industry Tax Break Repeal Act, S 701: Strategic Energy Fund Act, S 761: America COMPETES Act, S 878: Oil Industry Merger Antitrust Enforcement Act, S 987: Biofuels for Energy Security and Transportation Act, S 1018: Global Climate Change Security Oversight Act, S 1497: Energy Independence Act, S 1504: To revalue the LIFO inventories of major integrated oil companies, S 1624: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 1766: Low Carbon Economy Act, S 280: Climate Stewardship and Innovation Act. S 485: Global Warming Reduction Act, HR 2421: Clean Water Restoration Act, S. 1870: Clean Water Restoration Act of 2007, HR 5351: Renewable Energy and Energy Conservation Tax Act of 2008, S. 3044: The Consumer-First Energy Actl; S. 3125 Energy Independence and Tax Relief Act of 2008; H.R. 7060 Renewable Energy and Job Creation Tax Act of 2008; S. 3335 Jobs, Energy, Families, and Disaster Relief Act of 2008; H.R.-6899 Comprehensive American Energy Security and Consumer Protection Act; H.R. 6049-Renewable Energy and Job Creation Act of 2008; S. 3268-Stop Excessive Energy Speculation Act of 2008; S. 3478-Energy Independence and Investment Act of 2008; HR 6251 - Responsible Federal Oil and Gas Lease Act; HR 6515 - Drill Responsibly in Leased Lands Act of 2008; HR 6604 - Commodity Markets Transparency and Accountability Act of 2008; HR 6709 - National Conservation, Environment, and Energy Independence Act; HR 6566 - American Energy Act; HR 6899 - Comprehensive American Energy Security and Consumer Protection Act; HR 1424 - Emergency Economic Stabilization Act of 2008; HR 7321-To repeal the exemption for hydraulic fracturing in the Safe Drinking Water Act, and for other purposes

Client expense: $563,036 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Labor, Dept of (DOL), Minerals Management Service, Natl Oceanic & Atmospheric Administration (NOAA), Natl Park Service (NPS), Office of Management & Budget (OMB), Pipeline & Hazardous Materials Safety Administration, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), U.S. Fish & Wildlife Service (USFWS), U.S. Forest Service, U.S. Geological Survey (USGS), White House Office

H.R. 2337: Energy Policy Reform and Revitalization Act, HR 1180: Western Waters & Farm Lands Protection Act, HR:902 More Water and More Energy Act, HR 6 CLEAN Energy Act, HR 3221: Renewable Energy and Conservation Act, HR 2776 Renewable Energy and Conservation Tax Act, HR 906; Global Change Research and Data Management Act, HR 364: Provide for Establishment of Advanced Research Projects Agency-Energy, HR 453: Ending Subsidies for Big Oil HR 586: Energy Fairness for America Act, HR1252: Federal Price Gouging Prevention Act, HR 590: Safe Climate Act, HR 2834: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 905: To amend IRS Code of 1986 to eliminate taxable income limit on percentage depletion for oil and natural gas produced by marginal properties, S 103: Restore a Rational Rate on Petroleum Production Act, S 115: Oil SENSE Act, S133: American Fuels Act, S 2191: America's Climate Security Act of 2007, S 151: California Ocean and Coastal Protection Act, S 341: Energy Fairness for America Act, S 666: Oil Industry Tax Break Repeal Act, S 701: Strategic Energy Fund Act, S 761: America COMPETES Act, S 878: Oil Industry Merger Antitrust Enforcement Act, S 987: Biofuels for Energy Security and Transportation Act, S 1018: Global Climate Change Security Oversight Act, S 1497: Energy Independence Act, S 1504: To revalue the LIFO inventories of major integrated oil companies, S 1624: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 1766: Low Carbon Economy Act, S 280: Climate Stewardship and Innovation Act. S 485: Global Warming Reduction Act, HR 2421: Clean Water Restoration Act, S. 1870: Clean Water Restoration Act of 2007, HR 5351: Renewable Energy and Energy Conservation Tax Act of 2008, HR 3058: Public Land Communities Transition Act of 2007, HR 6251: Responsible Federal Oil and Gas Lease Act, HR 6515: Drill Responsibly in Leased Lands Act of 2008, S. 3044: The Consumer-First Energy Act, H.R. 6049: Renewable Energy and Job Creation Act of 2008; H.R.-6899 Comprehensive American Energy Security and Consumer Protection Act; H.R. 6049-Renewable Energy and Job Creation Act of 2008; S. 3268-Stop Excessive Energy Speculation Act of 2008; S. 3478-Energy Independence and Investment Act of 2008; HR 6251 - Responsible Federal Oil and Gas Lease Act; HR 6515 - Drill Responsibly in Leased Lands Act of 2008; HR 6604 - Commodity Markets Transparency and Accountability Act of 2008; HR 6709 - National Conservation, Environment, and Energy Independence Act; HR 6566 - American Energy Act; HR 6899 - Comprehensive American Energy Security and Consumer Protection Act; HR 1424 - Emergency Economic Stabilization Act of 2008; HR 7321-To repeal the exemption for hydraulic fracturing in the Safe Drinking Water Act, and for other purposes

Client expense: $563,036 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Labor, Dept of (DOL), Minerals Management Service, Natl Oceanic & Atmospheric Administration (NOAA), Natl Park Service (NPS), Office of Management & Budget (OMB), Pipeline & Hazardous Materials Safety Administration, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), U.S. Fish & Wildlife Service (USFWS), U.S. Forest Service, U.S. Geological Survey (USGS), White House Office

HR 6: CLEAN Energy Act, HR 3221: Renewable Energy and Conservation Act, HR 2776 Renewable Energy and Conservation Tax Act, HR 906; Global Change Research and Data Management Act, HR 364: Provide for Establishment of Advanced Research Projects Agency-Energy, HR 453: Ending Subsidies for Big Oil, HR 586: Energy Fairness for America Act HR 586: Energy Fairness for America Act, HR1252: Federal Price Gouging Prevention Act, HR 590: Safe Climate Act, HR 2834: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 905: To amend IRS Code of 1986 to eliminate taxable income limit on percentage depletion for oil and natural gas produced by marginal properties, S 103: Restore a Rational Rate on Petroleum Production Act, S 115: Oil SENSE Act, S133: American Fuels Act, S 2191: America's Climate Security Act of 2007, S 151: California Ocean and Coastal Protection Act, S 341: Energy Fairness for America Act, S 666: Oil Industry Tax Break Repeal Act, S 701: Strategic Energy Fund Act, S 761: America COMPETES Act, S 878: Oil Industry Merger Antitrust Enforcement Act, S 987: Biofuels for Energy Security and Transportation Act, S 1018: Global Climate Change Security Oversight Act, S 1497: Energy Independence Act, S 1504: To revalue the LIFO inventories of major integrated oil companies, S 1624: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 1766: Low Carbon Economy Act, S 280: Climate Stewardship and Innovation Act. S 485: Global Warming Reduction Act, HR 2421: Clean Water Restoration Act, S. 1870: Clean Water Restoration Act of 2007, HR 5351: Renewable Energy and Energy Conservation Tax Act of 2008, S. 3044: The Consumer-First Energy Actl; S. 3125 Energy Independence and Tax Relief Act of 2008; H.R. 7060 Renewable Energy and Job Creation Tax Act of 2008; S. 3335 Jobs, Energy, Families, and Disaster Relief Act of 2008; H.R.-6899 Comprehensive American Energy Security and Consumer Protection Act; H.R. 6049-Renewable Energy and Job Creation Act of 2008; S. 3268-Stop Excessive Energy Speculation Act of 2008; S. 3478-Energy Independence and Investment Act of 2008; HR 6251 - Responsible Federal Oil and Gas Lease Act; HR 6515 - Drill Responsibly in Leased Lands Act of 2008; HR 6604 - Commodity Markets Transparency and Accountability Act of 2008; HR 6709 - National Conservation, Environment, and Energy Independence Act; HR 6566 - American Energy Act; HR 6899 - Comprehensive American Energy Security and Consumer Protection Act; HR 1424 - Emergency Economic Stabilization Act of 2008; HR 7321-To repeal the exemption for hydraulic fracturing in the Safe Drinking Water Act, and for other purposes

Client expense: $563,036 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Labor, Dept of (DOL), Minerals Management Service, Natl Oceanic & Atmospheric Administration (NOAA), Natl Park Service (NPS), Office of Management & Budget (OMB), Pipeline & Hazardous Materials Safety Administration, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), U.S. Fish & Wildlife Service (USFWS), U.S. Forest Service, U.S. Geological Survey (USGS), White House Office

HR 6: CLEAN Energy Act, HR 3221: Renewable Energy and Conservation Act, HR 2776 Renewable Energy and Conservation Tax Act, HR 906; Global Change Research and Data Management Act, HR 364: Provide for Establishment of Advanced Research Projects Agency-Energy, HR 453: Ending Subsidies for Big Oil, HR 586: Energy Fairness for America Act; HR 586: Energy Fairness for America Act, HR1252: Federal Price Gouging Prevention Act, HR 590: Safe Climate Act, HR 2834: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 905: To amend IRS Code of 1986 to eliminate taxable income limit on percentage depletion for oil and natural gas produced by marginal properties, S 103: Restore a Rational Rate on Petroleum Production Act, S 115: Oil SENSE Act, S133: American Fuels Act, S 2191: America's Climate Security Act of 2007, S 151: California Ocean and Coastal Protection Act, S 341: Energy Fairness for America Act, S 666: Oil Industry Tax Break Repeal Act, S 701: Strategic Energy Fund Act, S 761: America COMPETES Act, S 878: Oil Industry Merger Antitrust Enforcement Act, S 987: Biofuels for Energy Security and Transportation Act, S 1018: Global Climate Change Security Oversight Act, S 1497: Energy Independence Act, S 1504: To revalue the LIFO inventories of major integrated oil companies, S 1624: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 1766: Low Carbon Economy Act, S 280: Climate Stewardship and Innovation Act. S 485: Global Warming Reduction Act, HR 2421: Clean Water Restoration Act, S. 1870: Clean Water Restoration Act of 2007, HR 5351: Renewable Energy and Energy Conservation Tax Act of 2008, S. 3044: The Consumer-First Energy Actl; S. 3125 Energy Independence and Tax Relief Act of 2008; H.R. 7060 Renewable Energy and Job Creation Tax Act of 2008; S. 3335 Jobs, Energy, Families, and Disaster Relief Act of 2008; H.R.-6899 Comprehensive American Energy Security and Consumer Protection Act; H.R. 6049-Renewable Energy and Job Creation Act of 2008; S. 3268-Stop Excessive Energy Speculation Act of 2008; S. 3478-Energy Independence and Investment Act of 2008; HR 6251 - Responsible Federal Oil and Gas Lease Act; HR 6515 - Drill Responsibly in Leased Lands Act of 2008; HR 6604 - Commodity Markets Transparency and Accountability Act of 2008; HR 6709 - National Conservation, Environment, and Energy Independence Act; HR 6566 - American Energy Act; HR 6899 - Comprehensive American Energy Security and Consumer Protection Act; HR 1424 - Emergency Economic Stabilization Act of 2008

Client expense: $563,036 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Labor, Dept of (DOL), Minerals Management Service, Natl Oceanic & Atmospheric Administration (NOAA), Natl Park Service (NPS), Office of Management & Budget (OMB), Pipeline & Hazardous Materials Safety Administration, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), U.S. Fish & Wildlife Service (USFWS), U.S. Forest Service, U.S. Geological Survey (USGS), White House Office

HR 6: CLEAN Energy Act, HR 3221: Renewable Energy and Conservation Act, HR 2776 Renewable Energy and Conservation Tax Act, HR 906; Global Change Research and Data Management Act, HR 364: Provide for Establishment of Advanced Research Projects Agency-Energy, HR 453: Ending Subsidies for Big Oil, HR 586: Energy Fairness for America Act HR 586: Energy Fairness for America Act, HR1252: Federal Price Gouging Prevention Act, HR 590: Safe Climate Act, HR 2834: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 905: To amend IRS Code of 1986 to eliminate taxable income limit on percentage depletion for oil and natural gas produced by marginal properties, S 103: Restore a Rational Rate on Petroleum Production Act, S 115: Oil SENSE Act, S133: American Fuels Act, S 2191: America's Climate Security Act of 2007, S 151: California Ocean and Coastal Protection Act, S 341: Energy Fairness for America Act, S 666: Oil Industry Tax Break Repeal Act, S 701: Strategic Energy Fund Act, S 761: America COMPETES Act, S 878: Oil Industry Merger Antitrust Enforcement Act, S 987: Biofuels for Energy Security and Transportation Act, S 1018: Global Climate Change Security Oversight Act, S 1497: Energy Independence Act, S 1504: To revalue the LIFO inventories of major integrated oil companies, S 1624: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 1766: Low Carbon Economy Act, S 280: Climate Stewardship and Innovation Act. S 485: Global Warming Reduction Act, HR 2421: Clean Water Restoration Act, S. 1870: Clean Water Restoration Act of 2007, HR 5351: Renewable Energy and Energy Conservation Tax Act of 2008, S. 3044: The Consumer-First Energy Actl; S. 3125 Energy Independence and Tax Relief Act of 2008; H.R. 7060 Renewable Energy and Job Creation Tax Act of 2008; S. 3335 Jobs, Energy, Families, and Disaster Relief Act of 2008; H.R.-6899 Comprehensive American Energy Security and Consumer Protection Act; H.R. 6049-Renewable Energy and Job Creation Act of 2008; S. 3268-Stop Excessive Energy Speculation Act of 2008; S. 3478-Energy Independence and Investment Act of 2008; HR 6251 - Responsible Federal Oil and Gas Lease Act; HR 6515 - Drill Responsibly in Leased Lands Act of 2008; HR 6604 - Commodity Markets Transparency and Accountability Act of 2008; HR 6709 - National Conservation, Environment, and Energy Independence Act; HR 6566 - American Energy Act; HR 6899 - Comprehensive American Energy Security and Consumer Protection Act; HR 1424 - Emergency Economic Stabilization Act of 2008

Client expense: $563,036 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Labor, Dept of (DOL), Minerals Management Service, Natl Oceanic & Atmospheric Administration (NOAA), Natl Park Service (NPS), Office of Management & Budget (OMB), Pipeline & Hazardous Materials Safety Administration, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), U.S. Fish & Wildlife Service (USFWS), U.S. Forest Service, U.S. Geological Survey (USGS), White House Office

HR 6: CLEAN Energy Act, HR 3221: Renewable Energy and Conservation Act, HR 2776 Renewable Energy and Conservation Tax Act, HR 906; Global Change Research and Data Management Act, HR 364: Provide for Establishment of Advanced Research Projects Agency-Energy, HR 453: Ending Subsidies for Big Oil, HR 586: Energy Fairness for America Act HR 586: Energy Fairness for America Act, HR1252: Federal Price Gouging Prevention Act, HR 590: Safe Climate Act, HR 2834: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 905: To amend IRS Code of 1986 to eliminate taxable income limit on percentage depletion for oil and natural gas produced by marginal properties, S 103: Restore a Rational Rate on Petroleum Production Act, S 115: Oil SENSE Act, S133: American Fuels Act, S 2191: America's Climate Security Act of 2007, S 151: California Ocean and Coastal Protection Act, S 341: Energy Fairness for America Act, S 666: Oil Industry Tax Break Repeal Act, S 701: Strategic Energy Fund Act, S 761: America COMPETES Act, S 878: Oil Industry Merger Antitrust Enforcement Act, S 987: Biofuels for Energy Security and Transportation Act, S 1018: Global Climate Change Security Oversight Act, S 1497: Energy Independence Act, S 1504: To revalue the LIFO inventories of major integrated oil companies, S 1624: Amendment to IRS Code of 1986 to treat income received for performing investment management services as ordinary income, S 1766: Low Carbon Economy Act, S 280: Climate Stewardship and Innovation Act. S 485: Global Warming Reduction Act, HR 2421: Clean Water Restoration Act, S. 1870: Clean Water Restoration Act of 2007, HR 5351: Renewable Energy and Energy Conservation Tax Act of 2008, S. 3044: The Consumer-First Energy Actl; S. 3125 Energy Independence and Tax Relief Act of 2008; H.R. 7060 Renewable Energy and Job Creation Tax Act of 2008; S. 3335 Jobs, Energy, Families, and Disaster Relief Act of 2008; H.R.-6899 Comprehensive American Energy Security and Consumer Protection Act; H.R. 6049-Renewable Energy and Job Creation Act of 2008; S. 3268-Stop Excessive Energy Speculation Act of 2008; S. 3478-Energy Independence and Investment Act of 2008; HR 6251 - Responsible Federal Oil and Gas Lease Act; HR 6515 - Drill Responsibly in Leased Lands Act of 2008; HR 6604 - Commodity Markets Transparency and Accountability Act of 2008; HR 6709 - National Conservation, Environment, and Energy Independence Act; HR 6566 - American Energy Act; HR 6899 - Comprehensive American Energy Security and Consumer Protection Act; HR 1424 - Emergency Economic Stabilization Act of 2008; HR 7321-To repeal the exemption for hydraulic fracturing in the Safe Drinking Water Act, and for other purposes

Client expense: $563,036 · Firm income: Not reported

Government targets: Bureau of Land Management (BLM), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Energy, Dept of, Environmental Protection Agency (EPA), Federal Energy Regulatory Commission (FERC), HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), Labor, Dept of (DOL), Minerals Management Service, Natl Oceanic & Atmospheric Administration (NOAA), Natl Park Service (NPS), Office of Management & Budget (OMB), Pipeline & Hazardous Materials Safety Administration, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Transportation, Dept of (DOT), U.S. Fish & Wildlife Service (USFWS), U.S. Forest Service, U.S. Geological Survey (USGS), White House Office

H.R. 4351, AMT Relief Act of 2007; H.R. 7060, the Renewable Energy & Job Creation Tax Act; S. 3335, Jobs, Energy, Families and Disaster Relief Act; H.R. 3997, Emergency Economic Stabilization Act of 2008; H.R. 1424, Tax Extenders & AMT Relief Act; S. 3098, AMT & Extenders Tax Relief Act of 2008; H.R. 6275, AMT Relief Act; H.R. 6049, the Renewable Energy & Job Creation Act, issues related to revenue offsets including deferred compensation; H.R. 3970, Tax Reduction and Reform Act of 2007; S. 1624, to amend the IRC to provide that the exception from the treatment of PTPs as corporations for partnerships with passive-type income....; H.R. 2834, to amend the IRC to treat income received by partners for performing services as ordinary income received for the performance of services; H.R. 6275, the Alternative Minimum Tax Relief Act; issues related to tax offsets and impact on insurance and financial services; S.940 / H.R. 1509, to make permanent the active financing exception; S. 2886, AMT & Extenders Tax Relief Act; S. 3125, Energy Independence & Tax Relief Act, issues related to extension of the active financing exception and revenue offsets.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 1624 and H.R. 2785 and other legislation affecting the profit interests of private equity firms and the taxation of private equity publicly traded partnerships.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Catastrophe Savings Accounts: S. 927 - Catastrophe Savings Accounts Act of 2007 H.R 1787 - Catastrophe Savings Accounts Act of 2007 Health Insurance Tax Deductions for Small Businesses: H.R. 3660 - Equity for Our Nation's Self Employed Act of 2007 S. 2339 - Equity for Our Nation's Self Employed Act of 2007 H.R. 914 - Tax Equity & Affordability Act of 2007 Alternative Minimum Tax: H.R. 1366/S. 55 - Individual Alternative Minimum Tax Repeal Act of 2007 H.R. 6275 - Alternative Minimum Tax Relief Act of 2008 H.R. 7005 - Alternative Minimum Tax Relief Act of 2008 Small Business Tax Deductions: H.R. 976 - Small Business Tax Relief Act of 2007 Tax Treatment of Passive Income from Partnerships: H.R. 2834 - To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. S. 1624 / H.R. 2785 - To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. Tax Treatment of Environmental Remediation Costs: H.R. 1753 - To amend the Internal Revenue Code of 1986 to make the expensing of environmental remediation costs permanent law and to repeal the recapture of such expenses under section 1245 of such Code. Taxation of Property Depreciation: H.R. 2014 - Leasehold Improvement Depreciation Act of 2007 Homeownership Tax Credits: S. 2566 - A bill to amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. Energy Tax Credits: H.R. 5351 - Renewable Energy and Energy Conservation Tax Act of 2008 H.R. 6049 - Energy and Tax Extenders Act of 2008

Client expense: $6,520,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Bureau of Land Management (BLM), Environmental Protection Agency (EPA), Farm Credit Administration, Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Small Business Administration (SBA), Treasury, Dept of, U.S. Agency for International Development (USAID), Veterans Affairs, Dept of (VA), White House Office

Tax issues affecting private equity firms: S. 1624, H.R. 2834, H.R. 2785, H.R. 6275; tax issues regarding investment in certain debt securities

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

Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Tax issues affecting private equity firms; S. 1624, H.R. 2834, H.R. 2785, H.R. 6275

Client expense: Not reported · Firm income: $150,000

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

Proposals on Estate and Gift Tax Reform; Proposal to require cost-basis reporting; Elimination of Soft Dollars; HR 3915 the Mortgage Reform and Anti-Predatory Legacy Act of 2007 (all provisions); S2452, the Home Ownership Preservation and Protection Act of 2007(all provisions); List continues on Page 3. S.761, America Competes Act (Section 5007) H.R. 1171, Money Market Fund Parity Act of 2007 (all provisions) H.R. 3225, Mutual Fund Sec Reform Act (all provisions) S.1624, A bill to amend the Internal Revenue Code of 1986 to provide that the exception from treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services (all provisions) H.R. 2834, To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services (all provisions) H.R. 2761, Terrorism Risk Insurance Revision and Extension Act of 2007 H.R. 5720, Housing Assistance Tax Act of 2008 (all provisions) Municipal Securities Markets Mutual Recognition Regulatory Restructuring (Securities and Commodities Issues) H.R. 5715, Ensuring Continued Access to Student Loans Act of 2008 (all provisions) H.R. 1424, the Emergency Economic Stabilization Act of 2008 (all provisions including Treasury asset-purchase proposal, business tax provisions, FDIC coverage, SEC Rules, accounting provisions, revenue offsets, GSE preferred stock tax accounting rules, proposed bankruptcy provisions) H.R. 3997, the Emergency Economic Stabilization Act of 2008 (all provisions including Treasury asset-purchase proposal, business tax provisions, FDIC coverage, SEC Rules, accounting provisions, revenue offsets, GSE preferred stock tax accounting rules, proposed bankruptcy provisions) S. 2169 the Promoting Refinancing Opportunities for Mortgages Impacted by the Subprime Emergency Act of 2007 (all provisions) S. 2636 The Foreclosure Prevention Act of 2008 Proposals to address anticipated mortgage foreclosures Proposals to address predatory lending practices in the subprime mortgage market H.R. 6659 The Equal Treatment of Covered Bonds Act of 2008 S. 3268, The Commodity Markets Transparency and Accountability Act of 2008 H.R. 6604. the Commodity Markets Transparency and Accountability Act of 2008 H.R. 3691 A bill to Amend the Commodity Exchange Act to require reporting and record keeping for positions involving credit default swaps, to grow the Federal Reserve Board authority over investment-bank holding companies, and for other purposes.

Client expense: $16,950 · Firm income: Not reported

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

Carried Interest Tax Legislation and Provisions (HR 2834, S 1624)

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S 1624 - A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships and corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment advisers and related asset management services--see provisions Monitor developing tax policy Item 16 continued HR 2834 - To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services--see provisions HR 6521 - The Federal Housing Finance Regulatory Reform Act of 2008--provisions related to access to capital, urban workforce housing and Real Estate Investment Trusts HR 3321 - Housing and Economic Recovery Act of 208 - provisions relates to capital, urban workforce housing and Real Estate Investment Trusts HR 6725 - The Alternative Minimum Tax Relief Act of 2008 - provisions related on carried interests

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.1424, Emergency Economic Stabilization Act of 2008. H.R.6049, Renewable Energy and Job Creation Act of 2008 (Tax Extenders Act). Issues related to private equity and taxes. Issues related to Sovereign Wealth Funds. H.R.2834, To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services; issues related to carried interest tax treatment. S.1624, A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services; issues related to changes to publicly traded partnerships. H.R.3996, Temporary Tax Relief Act of 2007; issues related to the taxation of carried interest and publicly traded partnerships. H.R.4351, AMT Relief Act of 2007; issues related to the taxation of carried interest and publicly traded partnerships. S.2199/H.R.3923, Offshore Deferred Compensation Reform Act of 2007. Issues related to H.R.2419/S.2302, FARM Bill. Issues related to the FY09 Budget.

Client expense: Not reported · Firm income: $2,560,000

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

S 1624 - A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships and corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment advisers and related asset management services - all provisions Monitor developing tax policy Item 16 continued HR 2834 - To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services - all provisions HR 6521 - The Federal Housing Finance Regulatory Reform Act of 2008 - provisions related to access to capital, urban workforce housing and Real Estate Investment Trusts HR 3321 - Housing and Economic Recovery Act of 208 - provisions relates to access to capital, urban workforce housing and Real Estate Investment Trusts HR 6725 - The Alternative Minimum Tax Relief Act of 2008 - provisions related to carried interests HR 1424 - The Emergency Economic Stabilization Act of 2008 - all provisions

Client expense: Not reported · Firm income: $50,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.6049, Renewable Energy and Job Creation Act of 2008 (Tax Extenders Act); H.R.2642, Supplemental Appropriations Act; issues related to private equity and taxes. H.R.2834, To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services; issues related to carried interest tax treatment. S.1624, A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services; issues related to changes to publicly traded partnerships. Issues related to the reauthorization of the transportation bill. H.R.7321, Auto Industry Financing and Restructuring Act, issues related to the auto bailout bill. Issues related to TARP. Issues related to Economic Recovery (stimulus initiative).

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

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

General representation of the private equity industry S.1624-to except publicly traded partnerships from rule re passive-type income H.R.2834-issues related to the taxation of passive income

Client expense: Not reported · Firm income: $130,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 1624, H.R. 2785, H.R. 2834, as they pertain to the taxation of publicly traded partnerships H.R 1424, Emergency Economic Stabilization Act of 2008

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

Tax issues related to private equity S.1624-To except publicly traded partnerships from rule re passive-type income H.R.2834-Issues related to the taxation of passive income

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Tax issues related to private equity S.1624-To except publicly traded partnerships from rule re passive-type income H.R.2834-Issues related to the taxation of passive income

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

HR 2834 - provisions related to tax treatment of carried interest for certain partnerships S 1624 - provisions related to tax treatment of private equity funds that become publicly-traded partnerships HR 6275 - Alternative Minimum Tax Relief Act of 2008; all provisions

Client expense: $830,000 · Firm income: Not reported

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

HR 2834 - provisions related to tax treatment of carried interest for certain partnerships S 1624 - provisions related to tax treatment of private equity funds that become publicly-traded partnerships HR 6275 - Alternative Minimum Tax Relief Act of 2008; all provisions

Client expense: $830,000 · Firm income: Not reported

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

HR 2834 - provisions related to tax treatment of carried interest for certain partnerships S 1624 - provisions related to tax treatment of private equity funds that become publicly-traded partnerships HR 6275 - Alternative Minimum Tax Relief Act of 2008; all provisions

Client expense: $830,000 · Firm income: Not reported

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