Rating Accountability and Transparency Enhancement Act of 2009

H.R. 4173, S. 3217 - Financial regulatory reform; Money market mutual fund regulation; H.R. 1445, S. 1073 - Credit rating agencies; S.139, S. 1490, S.141, H.R. 2221, S. 773 - Data privacy; H.R. 3126 - Consumer financial protection agency; S. 569 - Anti money laundering H.R. 711, S. 1276, S. 344 - Registration of advisors to private pools of capital; H.R. 991, H.R. 1020, S. 931 - Arbitration of brokerage dispute; H.R. 1699, H.R. 977, S. 272, H.R. 2448, S. 447, H.R. 3153 Credit derivatives; Equity trading (flash, high-frequency, dark pools); Volcker rule; Systemic risk/banking and financial services industry oversight; Thrift and state trust charters; Extension of fiduciary duties for investment advisors and broker dealers; Resolution authority; Payment, clearing, settlement regulation Capital requirements

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

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

H.R. 200 (Helping Families Save Their Homes in Bankruptcy Act); H.R. 225 (Emergency Homeownership and Equity Protection Act); H.R. 230 (Housing Opportunity and Mortgage Equity Act of 2009) (foreclosure avoidance and loan modifications); H.R. 384 (TARP Reform and Accountability Act); H.R. 703 (Legislation to promote bank liquidity and lending through deposit insurance, the HOPE for Homeowners Program, and other enhancements); H.R. 786 (To make permanent the temporary increase in deposit insurance coverage, and for other purposes); H.R. 787 (to make improvements in the Hope for Homeowners Program) (foreclosure avoidance and loan modifications); H.R. 788 (To provide a safe harbor for mortgage servicers who engage in specified mortgage loan modifications, and for other purposes); H.R. 1020 (Arbitration Fairness Act of 2009); H.R. 1106 (Helping Families Save Their Homes Act) (foreclosure avoidance and loan modifications); H.R. 1728 (To amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to provide certain minimum standards for consumer mortgage loans, and for other purposes) (mortgage reform); H.R. 1731 (Credit Risk Retention Act); H.R. 1758 (Mortgage Reform and Anti-predatory Lending Act of 2009); H.R. 3269 (Corporate and Financial Institution Compensation Fairness Act of 2009); H.R. 3451 (To require mortgagees for mortgages in default to engage in reasonable loss mitigation activities); H.R. 3606 (Consumer Financial Protection Agency Act); H.R. 3817 (Investor Protection Act)(Arbitration, Broker-Dealer Standard of Care, SRO Rulemaking); H.R. 3996 (The Financial Stability Improvement Act of 2009); H.R. 4173 (Dodd-Frank Wall Street Reform and Consumer Protection Act)(Fiduciary Duty, Arbitration Clauses, Custody of Client Assets, Securities Litigation); S. 61 (Helping Families Save Their Homes in Bankruptcy Act); S. 376 (Real Estate Mortgage Investment Conduit Improvement Act of 2009); S. 896 (Helping Families Save Their Homes Act); S. 931 (Arbitration Fairness Act of 2009); S. 1073 (Rating Accountability and Transparency Enhancement Act of 2009); S. 1540 (To provide for enhanced authority of the FDIC to act as receiver for certain affiliates of depository institutions); S. 1731 (To require certain mortgages to make loan modifications and establish grant programs for state and local government mediation programs); S. 2886 (Bank Integrity Retention Act); S. 3217 (Investor Protection Act)(Arbitration, Broker-Dealer Standard of Care, SRO Rulemaking); Housing Affordability and Stability Plan; Student loans (special allowance payment rates); Credit Rating Agency Reform; Government Sponsored Enterprise Reform (GSE).

H.R. 4173, S. 3217 - Financial regulatory reform; Money market mutual fund regulation; H.R. 1445, S. 1073 - Credit rating agencies; S.139, S. 1490, S.141, H.R. 2221, S. 773 - Data privacy; H.R. 3126 - Consumer financial protection agency; S. 569 - Anti money laundering H.R. 711, S. 1276, S. 344 - Registration of advisors to private pools of capital; H.R. 991, H.R. 1020, S. 931 - Arbitration of brokerage dispute; H.R. 1699, H.R. 977, S. 272, H.R. 2448, S. 447, H.R. 3153 Credit derivatives; Equity trading (flash, high-frequency, dark pools); Volcker rule; Systemic risk/banking and financial services industry oversight; Thrift and state trust charters; Extension of fiduciary duties for investment advisors and broker dealers; Resolution authority; Payment, clearing, settlement regulation Capital requirements

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

H.R. 3149, Equal Employment for All Act H.R. 3269, Corporate and Financial Institution Compensation Fairness Act of 2009 H.R. 6038, Financial Industry Transparency Act of 2010 H.R. 4173, Dood-Frank Wall Street Reform and Consumer Protection Act, including all issues pertaining to Title X, the Consumer Protection Bureau S. 3217, Restoring American Financial Stability Act of 2010 S. 569/ H.R. 6098, Incorporation Transparency and Law Enforcement Assistance Act H.R. 3795, Over-the-Counter Derivatives Markets Act of 2009 H.R. 3126, Consumer Financial Protection Agency Act of 2009 S. 1073, Rating Accountability and Transparency Enhancement Act of 2009 H.R. 2861, Shareholder Empowerment Act of 2009 H.R. 3272, Corporate Governance Reform Act of 2009 H.R. 3351, Proxy Voting Transparency Act of 2009 H.R. 4790/ H.R. 4537, Shareholder Protection Act of 2010 H.R. 3421 Medical Debt Relief Act of 2009 S. 3717/H.R. 6086, A bill to amend the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to provide for certain disclosures under section 552 of title 5, United States Code, (commonly referred to as the Freedom of Information Act), and for other purposes President Obama's nomination of Elizabeth Warren to be special advisor to the President and Secretary of the Treasury SEC S7-10-09, Facilitating Shareholder Director Nominations SEC S7-14-10, Concept Release on the US Proxy System SEC Proposed Self Regulatory Organization Rules Changes Adding Releases 62411,62414, and SRO Rules Changes to Add Additional Circuit Breaker Pilot Rules (no specific legislation introduced) Various issues relating to: proposed financial transactions tax and a tax on banks, private placement issues, and Net Access Value, which deals with money market funds in how they value certain securities, and the Department of the Treasury extending Notice 2009-14 to non-U.S. institutions (no specific legislation/regulation tied to this) Continued from pg # 24: Casasco - Page, U.S. Senate; Intern, U.S. Senate Cloakroom Lungren - Press Secretary, Rep. Jim Sensenbrenner; Communications Director, House Science Committee; Communications Director, House Judiciary Committee; Deputy Assistant to the Vice President (Dick Cheney), Legislative Affairs; Special Assistant to the President (George W. Bush), Legislative Affairs

H.R. 4173, S. 3217 - Financial regulatory reform; Money market mutual fund regulation; H.R. 1445, S. 1073 - Credit rating agencies; S.139, S. 1490, S.141, H.R. 2221, S. 773 - Data privacy; H.R. 3126 - Consumer financial protection agency; S. 569 - Anti money laundering H.R. 711, S. 1276, S. 344 - Registration of advisors to private pools of capital; H.R. 991, H.R. 1020, S. 931 - Arbitration of brokerage dispute; H.R. 1699, H.R. 977, S. 272, H.R. 2448, S. 447, H.R. 3153 Credit derivatives; Equity trading (flash, high-frequency, dark pools); Volcker rule; Systemic risk/banking and financial services industry oversight; Thrift and state trust charters; Extension of fiduciary duties for investment advisors and broker dealers; Resolution authority; Payment, clearing, settlement regulation Capital requirements

Client expense: $990,000 · Firm income: Not reported

H.R. 4191, Let Wall Street Pay for the Restoration of Main Street Act S. 2927, Wall Street Fair Share Act S. 1074, Shareholder Bill of Rights S. 1551, Liability for Aiding and Abetting Securities Violation Act H.R. 4213, Webb-Boxer Amendment H.R. 2861, Shareholder Empowerment Act H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009 S. 1691, the Comprehensive Derivatives Regulation Act of 2009 H.R. 3269, Corporate and Financial Institution Compensation Fairness Act of 2009 H.R. 3795, Over-the-Counter Derivatives Markets Act of 2009 S. 896, Helping Families Save Their Homes Act of 2009 H.R. 3126, Consumer Financial Protection Agency Act of 2009 S. 1073, Rating Accountability and Transparency Enhancement Act of 2009 Restoring American Financial Stability Act of 2010 (Bill number not yet assigned) Securities Exchange Act Release No. 60999; File No. SR-FINRA-2009-077 SEC S7-10-09 Facilitating Shareholder Director Elections House Financial Services Committee, Compensation in the Financial Industry (no specific legislation introduced) Capital Markets, Insurance and Government Sponsored Enterprises Subcommittee hearing, Corporate Governance after Citizens United (no specific legislation introduced) Nomination of Ben Bernanke as Chairman of the Federal Reserve Various issues related to; proposed tax on banks, Proposal to Establish a Quotation Consolidation Facility, Financial Crisis Responsibility Fee and implementation issues on Sarbanes-Oxley (no specific legislation introduced) Official Covered Positions for Jonthan Jachym: Intern, SEC Office of International Affairs Intern, FINRA Division of Market Regulation Intern, FINRA Office of the General Counsel

Client expense: $25,120,000 · Firm income: Not reported

H.R. 4191, Let Wall Street Pay for the Restoration of Main Street Act S. 2927, Wall Street Fair Share Act S. 1074, Shareholder Bill of Rights S. 1551, Liability for Aiding and Abetting Securities Violation Act H.R. 4213, Webb-Boxer Amendment H.R. 2861, Shareholder Empowerment Act H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009 S. 1691, the Comprehensive Derivatives Regulation Act of 2009 H.R. 3269, Corporate and Financial Institution Compensation Fairness Act of 2009 H.R. 3795, Over-the-Counter Derivatives Markets Act of 2009 S. 896, Helping Families Save Their Homes Act of 2009 H.R. 3126, Consumer Financial Protection Agency Act of 2009 S. 1073, Rating Accountability and Transparency Enhancement Act of 2009 Restoring American Financial Stability Act of 2010 (Bill number not yet assigned) Securities Exchange Act Release No. 60999; File No. SR-FINRA-2009-077 SEC S7-10-09 Facilitating Shareholder Director Elections House Financial Services Committee, Compensation in the Financial Industry (no specific legislation introduced) Capital Markets, Insurance and Government Sponsored Enterprises Subcommittee hearing, Corporate Governance after Citizens United (no specific legislation introduced) Nomination of Ben Bernanke as Chairman of the Federal Reserve Various issues related to; proposed tax on banks, Proposal to Establish a Quotation Consolidation Facility, Financial Crisis Responsibility Fee and implementation issues on Sarbanes-Oxley (no specific legislation introduced) Official Covered Positions for Jonthan Jachym: Intern, SEC Office of International Affairs Intern, FINRA Division of Market Regulation Intern, FINRA Office of the General Counsel

Client expense: $25,120,000 · Firm income: Not reported

H.R. 200 (Helping Families Save Their Homes in Bankruptcy Act); H.R. 225 (Emergency Homeownership and Equity Protection Act); H.R. 230 (Housing Opportunity and Mortgage Equity Act of 2009) (foreclosure avoidance and loan modifications); H.R. 384 (TARP Reform and Accountability Act); H.R. 703 (Legislation to promote bank liquidity and lending through deposit insurance, the HOPE for Homeowners Program, and other enhancements); H.R. 786 (To make permanent the temporary increase in deposit insurance coverage, and for other purposes); H.R. 787 (to make improvements in the Hope for Homeowners Program) (foreclosure avoidance and loan modifications); H.R. 788 (To provide a safe harbor for mortgage servicers who engage in specified mortgage loan modifications, and for other purposes); H.R. 1020 (Arbitration Fairness Act of 2009); H.R. 1106 (Helping Families Save Their Homes Act) (foreclosure avoidance and loan modifications); H.R. 1728 (To amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to provide certain minimum standards for consumer mortgage loans, and for other purposes) (mortgage reform); H.R. 1731 (Credit Risk Retention Act); H.R. 1758 (Mortgage Reform and Anti-predatory Lending Act of 2009); H.R. 3269 (Corporate and Financial Institution Compensation Fairness Act of 2009); H.R. 3451 (To require mortgagees for mortgages in default to engage in reasonable loss mitigation activities); H.R. 3606 (Consumer Financial Protection Agency Act); H.R. 3817 (Investor Protection Act)(Arbitration, Broker-Dealer Standard of Care, SRO Rulemaking); H.R. 3996 (The Financial Stability Improvement Act of 2009); H.R. 4173 (Restoring American Financial Stability Act of 2010); S. 61 (Helping Families Save Their Homes in Bankruptcy Act); S. 376 (Real Estate Mortgage Investment Conduit Improvement Act of 2009); S. 896 (Helping Families Save Their Homes Act); S. 931 (Arbitration Fairness Act of 2009); S. 1073 (Rating Accountability and Transparency Enhancement Act of 2009); S. 1540 (To provide for enhanced authority of the FDIC to act as receiver for certain affiliates of depository institutions); S. 1731 (To require certain mortgages to make loan modifications and establish grant programs for state and local government mediation programs); S. 2886 (Bank Integrity Retention Act); S. 3217 (Investor Protection Act)(Arbitration, Broker-Dealer Standard of Care, SRO Rulemaking); Dodd/Frank Wall Street Reform Act (Fiduciary Duty, Arbitration Clauses, Custody of Client Assets); Housing Affordability and Stability Plan; Student loans (special allowance payment rates); Credit Rating Agency Reform.

All finance provisions in the following bills: H.R. 3269, Corporate and Financial Institution Compensation Fairness Act of 2009 H.R. 4173, Wall Street Reform and Consumer Protection Act of 2009 S. 3217, Restoring American Financial Stability Act of 2010 S. 569, Incorporation Transparency and Law Enforcement Assistance Act H.R. 3795, Over-the-Counter Derivatives Markets Act of 2009 H.R. 3126, Consumer Financial Protection Agency Act of 2009 S. 1073, Rating Accountability and Transparency Enhancement Act of 2009 H.R. 2861, Shareholder Empowerment Act of 2009 H.R. 3272, Corporate Governance Reform Act of 2009 H.R. 3351, Proxy Voting Transparency Act of 2009 S. 1074, Shareholder Bill of Rights S. 1551, Liability for Aiding and Abetting Securities Violation Act S. 1691, Comprehensive Derivatives Regulation Act of 2009 S. 2927, Wall Street Fair Share Act H.R. 2861, Shareholder Empowerment Act H. R. 4191, Let Wall Street Pay for the Restoration of Main Street Act Issues relating to the Department of the Treasury extending Notice 2009-14 to non-U.S. institutions (there is no legislation/regulation tied to this) SEC Proposed Self Regulatory Organization Rules Changes Adding Trading Pauses Releases 62126/62129/File Numbers SR-NYSE 2010-39 and SR-NASDAQ 2010-061 (no specific legislation introduced) Various issues related to: proposed financial transactions tax and a tax on banks, G-20 Summit Positions on bank tax, financial transaction tax and accounting standards, financial regulatory reform, systemic risk, derivatives trading, executive compensation, corporate governance, resolution authority, preservation of commercial and financial functions and credit ratings agency regulation (no specific regulation/legislation tied to this) Implementation of the Sarbanes/Oxley Act (no specific legislation introduced) President Obama's proposed Executive order on Financial Crisis Responsibility Fee (not yet published) Proposed legislation on Facilitating Shareholder Director Elections (not yet introduced)

H.R. 4191, Let Wall Street Pay for the Restoration of Main Street Act S. 2927, Wall Street Fair Share Act S. 1074, Shareholder Bill of Rights S. 1551, Liability for Aiding and Abetting Securities Violation Act H.R. 4213, Webb-Boxer Amendment H.R. 2861, Shareholder Empowerment Act H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009 S. 1691, the Comprehensive Derivatives Regulation Act of 2009 H.R. 3269, Corporate and Financial Institution Compensation Fairness Act of 2009 H.R. 3795, Over-the-Counter Derivatives Markets Act of 2009 S. 896, Helping Families Save Their Homes Act of 2009 H.R. 3126, Consumer Financial Protection Agency Act of 2009 S. 1073, Rating Accountability and Transparency Enhancement Act of 2009 Restoring American Financial Stability Act of 2010 (Bill number not yet assigned) Securities Exchange Act Release No. 60999; File No. SR-FINRA-2009-077 SEC S7-10-09 Facilitating Shareholder Director Elections House Financial Services Committee, Compensation in the Financial Industry (no specific legislation introduced) Capital Markets, Insurance and Government Sponsored Enterprises Subcommittee hearing, Corporate Governance after Citizens United (no specific legislation introduced) Nomination of Ben Bernanke as Chairman of the Federal Reserve Various issues related to; proposed tax on banks, Proposal to Establish a Quotation Consolidation Facility, Financial Crisis Responsibility Fee and implementation issues on Sarbanes-Oxley (no specific legislation introduced) Official Covered Positions for Jonthan Jachym: Intern, SEC Office of International Affairs Intern, FINRA Division of Market Regulation Intern, FINRA Office of the General Counsel

Client expense: $25,120,000 · Firm income: Not reported

H.R. 4173, S. 3217 - Financial regulatory reform; Money market mutual fund regulation; H.R. 1445, S. 1073 - Credit rating agencies; H.R. 139, S.141, H.R. 222, S. 773 - Data privacy; H.R. 3126 - Consumer financial protection agency; S. 569 - Anti money laundering H.R. 71, S. 1276, S. 344 - Registration of advisors to private pools of capital; H.R. 991, H.R. 1020, S. 931 - Arbitration of brokerage dispute; H.R. 1699, H.R. 977, S. 272, H.R. 2448, S. 447, H.R. 3153 Credit derivatives; Volcker rule; Systemic risk/banking and financial services industry oversight; Thrift and state trust charters; Extension of fiduciary duties for investment advisors and broker dealers; Resolution authority; Equity trading (flash, high-frequency, dark pools); Payment, clearing, settlement regulation

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

H.R. 200 (Helping Families Save Their Homes in Bankruptcy Act); H.R. 225 (Emergency Homeownership and Equity Protection Act); H.R. 230 (Housing Opportunity and Mortgage Equity Act of 2009) (foreclosure avoidance and loan modifications); H.R. 384 (TARP Reform and Accountability Act); H.R. 703 (Legislation to promote bank liquidity and lending through deposit insurance, the HOPE for Homeowners Program, and other enhancements); H.R. 786 (To make permanent the temporary increase in deposit insurance coverage, and for other purposes); H.R. 787 (to make improvements in the Hope for Homeowners Program) (foreclosure avoidance and loan modifications); H.R. 788 (To provide a safe harbor for mortgage servicers who engage in specified mortgage loan modifications, and for other purposes); H.R. 1020 (Arbitration Fairness Act of 2009); H.R. 1106 (Helping Families Save Their Homes Act) (foreclosure avoidance and loan modifications); H.R. 1728 (To amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to provide certain minimum standards for consumer mortgage loans, and for other purposes) (mortgage reform); H.R. 1731 (Credit Risk Retention Act); H.R. 1758 (Mortgage Reform and Anti-predatory Lending Act of 2009); H.R. 3269 (Corporate and Financial Institution Compensation Fairness Act of 2009); H.R. 3451 (To require mortgagees for mortgages in default to engage in reasonable loss mitigation activities); H.R. 3606 (Consumer Financial Protection Agency Act); H.R. 3817 (Investor Protection Act, Arbitration, Broker-Dealer Standard of Care, SRO Rulemaking); H.R. 3996 (The Financial Stability Improvement Act of 2009); S. 61 (Helping Families Save Their Homes in Bankruptcy Act); S. 376 (Real Estate Mortgage Investment Conduit Improvement Act of 2009); S. 896 (Helping Families Save Their Homes Act); S. 931 (Arbitration Fairness Act of 2009); S. 1073 (Rating Accountability and Transparency Enhancement Act of 2009); S. 1540 (To provide for enhanced authority of the FDIC to act as receiver for certain affiliates of depository institutions); S. 1731 (To require certain mortgages to make loan modifications and establish grant programs for state and local government mediation programs); S. 2886 (Bank Integrity Retention Act); Housing Affordability and Stability Plan; Student loans (special allowance payment rates); Credit Rating Agency Reform; Restoring American Financial Stability Act of 2010: Title X (H.R. 4173 Consumer Financial Protection Bureau); Title IX (Pre-Dispute Arbitration), (Bank Holding Company Act Amendments).

H.R. 4191, Let Wall Street Pay for the Restoration of Main Street Act S. 2927, Wall Street Fair Share Act S. 1074, Shareholder Bill of Rights S. 1551, Liability for Aiding and Abetting Securities Violation Act H.R. 4213, Webb-Boxer Amendment H.R. 2861, Shareholder Empowerment Act H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009 S. 1691, the Comprehensive Derivatives Regulation Act of 2009 H.R. 3269, Corporate and Financial Institution Compensation Fairness Act of 2009 H.R. 3795, Over-the-Counter Derivatives Markets Act of 2009 S. 896, Helping Families Save Their Homes Act of 2009 H.R. 3126, Consumer Financial Protection Agency Act of 2009 S. 1073, Rating Accountability and Transparency Enhancement Act of 2009 Restoring American Financial Stability Act of 2010 (Bill number not yet assigned) Securities Exchange Act Release No. 60999; File No. SR-FINRA-2009-077 SEC S7-10-09 Facilitating Shareholder Director Elections House Financial Services Committee, Compensation in the Financial Industry (no specific legislation introduced) Capital Markets, Insurance and Government Sponsored Enterprises Subcommittee hearing, Corporate Governance after Citizens United (no specific legislation introduced) Nomination of Ben Bernanke as Chairman of the Federal Reserve Various issues related to; proposed tax on banks, Proposal to Establish a Quotation Consolidation Facility, Financial Crisis Responsibility Fee and implementation issues on Sarbanes-Oxley (no specific legislation introduced) Official Covered Positions for Jonthan Jachym: Intern, SEC Office of International Affairs Intern, FINRA Division of Market Regulation Intern, FINRA Office of the General Counsel

Client expense: $25,120,000 · Firm income: Not reported

Rating Accountability and Transparency Enhancement (RATE) Act of 2009 (S. 1073), all provisions.

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

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

H.R. 1 (The American Recovery and Reinvestment Act of 2009) (foreclosure avoidance and loan modifications); H.R. 200 (Helping Families Save Their Homes in Bankruptcy Act); H.R. 225 (Emergency Homeownership and Equity Protection Act); H.R. 230 (Housing Opportunity and Mortgage Equity Act of 2009) (foreclosure avoidance and loan modifications); H.R. 384 (TARP Reform and Accountability Act) (foreclosure avoidance and loan modifications); H.R. 703 (Legislation to promote bank liquidity and lending through deposit insurance, the HOPE for Homeowners Program, and other enhancements); H.R. 786 (To make permanent the temporary increase in deposit insurance coverage, and for other purposes); H.R. 787 (to make improvements in the Hope for Homeowners Program) (foreclosure avoidance and loan modifications); H.R. 788 (To provide a safe harbor for mortgage servicers who engage in specified mortgage loan modifications, and for other purposes); H.R. 1020 (Arbitration Fairness Act of 2009); H.R. 1106 (Helping Families Save Their Homes Act) (foreclosure avoidance and loan modifications); H.R. 1728 (To amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to provide certain minimum standards for consumer mortgage loans, and for other purposes) (mortgage reform); H.R. 1758 (Mortgage Reform and Anti-predatory Lending Act of 2009); H.R. 3269 (Corporate and Financial Institution Compensation Fairness Act of 2009); H.R. 3451 (To require mortgagees for mortgages in default to engage in reasonable loss mitigation activities); H.R. 3606 (Consumer Financial Protection Agency Act); H.R. 3996 (The Financial Stability Improvement Act of 2009); S. 61 (Helping Families Save Their Homes in Bankruptcy Act); S. 376 (Real Estate Mortgage Investment Conduit Improvement Act of 2009); S. 896 (Helping Families Save Their Homes Act); S. 931 (Arbitration Fairness Act of 2009); S. 1073 (Rating Accountability and Transparency Enhancement Act of 2009); S. 1540 (To provide for enhanced authority of the FDIC to act as receiver for certain affiliates of depository institutions); S. 1731 (To require certain mortgages to make loan modifications and establish grant programs for state and local government mediation programs); Housing Affordability and Stability Plan; Student loans (special allowance payment rates); Credit Rating Agency Reform.

Proposals to revise the regulatory framework that applies to Nationally Recognized Statistical Rating Orgnaizations, including proposals relating to the rating of Municipal securities, including the provision of HR 4173, the "Wall Street Reform and Consumer Protection Act of 2009" pertaining to credit rating agencies, S. 927, the "Credit rating Agency Responsibility Act" and the S. 1073 the "Credit Rating Agency Reform Act of 2009"

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

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC)

H.R. 4173 - Financial regulatory reform; Money market mutual fund regulation; H.R. 1445, S. 1073 - Credit rating agencies; H.R. 139, S.141, H.R. 2221 - Data privacy; H.R. 3126 - Consumer financial protection agency; S. 569 - Anti money laundering H.R. 71, S. 1276, S. 344 - Registration of advisors to private pools of capital; H.R. 991, H.R. 1020, S. 931 - Arbitration of brokerage dispute; H.R. 1699, H.R. 977, S. 272, H.R. 2448, S. 447, H.R. 3153 Credit derivatives; Systemic risk/banking and financial services industry oversight; Thrift and state trust charters; Extension of fiduciary duties for investment advisors and broker dealers; Resolution authority; Equity trading (flash, high-frequency, dark pools); Payment, clearing, settlement regulation

Client expense: $880,000 · Firm income: Not reported

H.R. 1 (The American Recovery and Reinvestment Act of 2009) (foreclosure avoidance and loan modifications); H.R. 200 (Helping Families Save Their Homes in Bankruptcy Act); H.R. 225 (Emergency Homeownership and Equity Protection Act); H.R. 230 (Housing Opportunity and Mortgage Equity Act of 2009) (foreclosure avoidance and loan modifications); H.R. 384 (TARP Reform and Accountability Act) (foreclosure avoidance and loan modifications); H.R. 703 (Legislation to promote bank liquidity and lending through deposit insurance, the HOPE for Homeowners Program, and other enhancements); H.R. 786 (To make permanent the temporary increase in deposit insurance coverage, and for other purposes); H.R. 787 (to make improvements in the Hope for Homeowners Program) (foreclosure avoidance and loan modifications); H.R. 788 (To provide a safe harbor for mortgage servicers who engage in specified mortgage loan modifications, and for other purposes); H.R. 1020 (Arbitration Fairness Act of 2009); H.R. 1106 (Helping Families Save Their Homes Act) (foreclosure avoidance and loan modifications); H.R. 1728 (To amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to provide certain minimum standards for consumer mortgage loans, and for other purposes) (mortgage reform); H.R. 1758 (Mortgage Reform and Anti-predatory Lending Act of 2009); H.R. 3269 (Corporate and Financial Institution Compensation Fairness Act of 2009); H.R. 3451 (To require mortgagees for mortgages in default to engage in reasonable loss mitigation activities); H.R. 3606 (Consumer Financial Protection Agency Act); H.R. 3996 (The Financial Stability Improvement Act of 2009); S. 61 (Helping Families Save Their Homes in Bankruptcy Act); S. 376 (Real Estate Mortgage Investment Conduit Improvement Act of 2009); S. 896 (Helping Families Save Their Homes Act); S. 931 (Arbitration Fairness Act of 2009); S. 1073 (Rating Accountability and Transparency Enhancement Act of 2009); S. 1540 (To provide for enhanced authority of the FDIC to act as receiver for certain affiliates of depository institutions); S. 1731 (To require certain mortgages to make loan modifications and establish grant programs for state and local government mediation programs); Housing Affordability and Stability Plan; Student loans (special allowance payment rates); Credit Rating Agency Reform.

Rating Accountability and Transparency Enhancement (RATE) Act of 2009 (S. 1073), all provisions.

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

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

Issues related to the regulation of Credit Rating Agencies. H.R. 1181; To direct the Securities and Exchange Commission to establish both a process by which asset-backed instruments can be deemed eligible for NRSRO ratings and an initial list of such eligible assets-backed instruments, all provisions. H.R. 1445, S. 927, S. 1073 Credit Rating Agency Transparency and disclosure Act, all provisions. H.R. 74, Financial Oversight Commission Act of 2009, all provisions.

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

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

H.R. 1 (The American Recovery and Reinvestment Act of 2009) (foreclosure avoidance and loan modifications); H.R. 200 (Helping Families Save Their Homes in Bankruptcy Act); H.R. 225 (Emergency Homeownership and Equity Protection Act); H.R. 230 (Housing Opportunity and Mortgage Equity Act of 2009) (foreclosure avoidance and loan modifications); H.R. 384 (TARP Reform and Accountability Act) (foreclosure avoidance and loan modifications); H.R. 703 (Legislation to promote bank liquidity and lending through deposit insurance, the HOPE for Homeowners Program, and other enhancements); H.R. 786 (To make permanent the temporary increase in deposit insurance coverage, and for other purposes); H.R. 787 (to make improvements in the Hope for Homeowners Program) (foreclosure avoidance and loan modifications); H.R. 788 (To provide a safe harbor for mortgage servicers who engage in specified mortgage loan modifications, and for other purposes); H.R. 1106 (Helping Families Save Their Homes Act) (foreclosure avoidance and loan modifications); H.R. 1728 (To amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to provide certain minimum standards for consumer mortgage loans, and for other purposes) (mortgage reform); H.R. 1758 (Mortgage Reform and Anti-predatory Lending Act of 2009); S. 61 (Helping Families Save Their Homes in Bankruptcy Act); S. 376 (Real Estate Mortgage Investment Conduit Improvement Act of 2009); Housing Affordability and Stability Plan; Credit Rating Agency Reform; H.R. 1020 (Arbitration Fairness Act of 2009); S. 931 (Arbitration Fairness Act of 2009); S. 896 (Helping Families Save Their Homes Act); Student loans (special allowance payment rates); S. 1731 (To require certain mortgages to make loan modifications and establish grant programs for state and local government mediation programs); S. 1540 (To provide for enhanced authority of the FDIC to act as receiver for certain affiliates of depository institutions); H.R. 3451 (To require mortgagees for mortgages in default to engage in reasonable loss mitigation activities); S. 1073 (Rating Accountability and Transparency Enhancement Act of 2009).

Financial regulatory reform; Money market mutual fund regulation, H.R. 1445, S. 1073 - Credit rating agencies; H.R. 1728, H.R. 703 - Mortgage foreclosure H.R. 139, S.141, H.R. 2221 - Data privacy; H.R. 3126 - Consumer financial protection S. 569, H.R. 221 - Anti money laundering H.R. 711 - Registration of advisors to private pools of capital; H.R. 991, H.R. 1020, S. 931 - Arbitration of brokerage dispute; H.R. 627, H.R. 2695, H.R. 2382 - Credit card reforms; H.R. 1699, H.R. 977, S. 272, H.R. 2448, S. 447, H.R. 3153 Credit derivatives; Systemic risk/banking and financial services industry oversight; Thrift and state trust charters

Client expense: $780,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

H.R. 384 TARP Reform and Accountability Act of 2009 H.R. 786 Make Permanent the Increase in Deposit Insurance Coverage H.R. 977 Derivatives Markets Transparency and Accountability Act of 2009 H.R. 3300 Derivative Trading Accountability and Disclosure Act S. 272 Derivatives Trading Integrity Act of 2009 S. 1691 Comprehensive Derivates Regulation Act of 2009 H.R. 1068 Let Wall Street Pay for Wall Street's Bailout Act of 2009 (tax on securities transactions) H.R. 1160 Money Market Fund Parity Act of 2009 H.R. 1327 Iran Sanctions Enabling Act of 2009 (divestiture) H.R. 1479 Community Reinvestment Modernization Act of 2009 H.R. 1664 Pay for Performance Act of 2009 (Executive Compensation for TARP Recipients) H.R. 1669 Federal Municipal Bond Marketing Support and Securitization Act of 2009 H.R. 2221 Data Accountability and Trust Act (notice of breach) H.R. 2733 Fixed Indexed Annuities and Insurance Products Classification Act of 2009 S. 1389 Fixed Indexed Annuities and Insurance Products Classification Act of 2009 H.R. 1181 NRSRO Ratings for Asset Backed Securities S. 1073 Rating Accountability and Transparency Enhancement Act of 2009 (credit rating agencies) Accountability and Transparency in Rating Agencies Act (Kanjorski) S. 1074 Shareholder Bill of Rights Act of 2009 (proxy access) H.R. 2861 Shareholder Empowerment Act of 2009 (proxy access) H.R. 3269 Corporate and Financial Institution Compensation Fairness Act of 2009 (say on pay) H.R. 2932 Stop VULTURE Funds Act S. 1276 Private Fund Transparency Act of 2009 (investment adviser registration) H.R. 3126 Consumer Financial Protection Agency Act of 2009 Investor Protection Act (SEC Enforcement, Fiduciary Duty) Systemic Risk Regulation Municipal Bonds (Frank)

Client expense: $1,646,075 · Firm income: Not reported

H.R. 2549 - Municipal Bond Fairness Act H.R. 2589 - Municipal Bond Insurance Enhancement Act of 2009 H.R. 2551 - Municipal Market Liquidity Enhancement Act of 2009 (please see addendum page) H.R. 1445 - Credit Rating Agency Transparency and Disclosure Act H.R. 1669 - Federal Municipal Bond Marketing Support and Securitization Act of 2009 H.R. 1754 - Financial System Stabilization and Reform Act of 2009 H.R. 1349 - Federal Accounting Oversight Board Act of 2009 H.R. 1728 - Mortgage Reform and Anti-Predatory Lending Act H.R. 1106 - Helping Families Save Their Homes Act of 2009 H.R. 3126 - Consumer Financial Protection Agency Act of 2009 H.R. 2448 - Prevent Unfair Manipulation of Prices Act of 2009 H.R. 2454 - The American Clean Energy and Security Act of 2009 H.R. 2998 - American Clean Energy and Security Act of 2009 H.R. 3145 - Credit Default Swap Prohibition Act of 2009 H.R. 3300 - Derivative Trading Accountability and Disclosure Act H.R. 977 - Derivatives Markets Transparency and Accountability Act of 2009 S. 895 - Helping Families Save Their Homes Act of 2009 Amendment #1019 to make changes to the safe harbor S. 896 - Helping Families Save Their Homes Act of 2009 S. 961 - Authorizing the Regulation of Swaps Act S. 664 - Financial System Stabilization and Reform Act of 2009 S. 722 - Taxpayer Certainty and Relief Act of 2009 S. 1691 - Comprehensive Derivatives Regulation Act of 2009 S. 1073 - Rating Accountability and Transparency Enhancement Act of 2009 Comment letter filed with the Securities and Exchange Commission regarding money market reform; Release No. IC-28807 - File No. S7-11-09 -- to amend Rule 2a-7 governing money market funds Comment letter filed with the Treasury Department regarding 529 college savings plans

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

Issues related to the regulation of Credit Rating Agencies; H.R. 1181, all provisions. H.R. 1445, Credit Rating Agency Transparency and Disclosure Act, all provisions. H.R. 74, Financial Oversight Commission Act of 2009, all provisions. H.R. 2549 Municipal Bond Fairness Act, all provision. S. 927 Credit Rating Agency Responsibility Act of 2009 all provisions. S 1073 Credit Rating Agencies Reform Act of 2009, all provisions.

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

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

Credit cards, S.414; financial regulatory restructuring, debt settlement; financial services regulation; derivatives regulation; Consumer Financial Protection Agency; S 1073 Rating Accountability Transparency Enhance Act (RATE Act)

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 664, H.R. 1754 - Financial regulatory reform; Money market mutual fund regulation, and guarantee and liquidity programs; H.R. 1445, S. 1073 - Credit rating agencies; H.R.1728, H.R.1106, S.61, H.R.200, H.R.225, H.R.703 - Mortgage foreclosure S. 235 - To amend the Truth in Lending Act; S. 376 - To provide rules for the modification or disposition of certain assets by real estate mortgage investment conduits pursuant to division A of the Emergency Economic Stabilization Act of 2008, H.R. 139, S. 141 - Data Privacy; S. 569, H.R. 221 - Anti Money Laundering; H.R. 711 - To amend the Investment Advisers Act of 1940 to remove the registration exception for certain investment advisors with less than 15 clients H.R. 991, H.R. 1020, S. 931 Arbitration of brokerage dispute H.R. 627, S. 414. H.R. 2695 Credit card H.R. 977, S. 272, S. 447 Credit derivatives

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

S. 386 Fraud Enforcement and Recovery Act (creates Financial Crisis Inquiry Commission) H.R. 1106 Helping Families Save Their Homes Act of 2009 (cramdown) S. 896 Helping Families Save Their Homes Act of 2009 (PPIP) S. 566 Financial Product Safety Commission Act of 2009 H.R. 1705 Financial Product Safety Commission Act of 2009 H.R. 384 TARP Reform and Accountability Act of 2009 H.R. 786 Make Permanent the Increase in Deposit Insurance Coverage H.R. 977 Derivatives Markets Transparency and Accountability Act of 2009 S. 272 Derivatives Trading Integrity Act of 2009 H.R. 1068 Let Wall Street Pay for Wall Street's Bailout Act of 2009 (tax on securities transactions) H.R. 1160 Money Market Fund Parity Act of 2009 H.R. 1181 NRSRO Ratings for Asset Backed Securities H.R. 1327 Iran Sanctions Enabling Act of 2009 (divestiture) H.R. 1349 Establish the Federal Accounting Oversight Board H.R. 1479 Community Reinvestment Modernization Act of 2009 H.R. 1664 Pay for Performance Act of 2009 (Executive Compensation for TARP Recipients) H.R. 1669 Federal Municipal Bond Marketing Support and Securitization Act of 2009 H.R. 2733 Fixed Indexed Annuities and Insurance Products Classification Act of 2009 S. 1389 Fixed Indexed Annuities and Insurance Products Classification Act of 2009 S. 927 Credit Rating Agency Responsibility Act of 2009 S. 1073 Rating Accountability and Transparency Enhancement Act of 2009 (credit rating agencies) S. 1074 Shareholder Bill of Rights Act of 2009 (proxy access) H.R. 2861 Shareholder Empowerment Act of 2009 (proxy access) H.R. 2932 Stop VULTURE Funds Act S. 1276 Private Fund Transparency Act of 2009 (investment adviser registration) Financial Regulatory Restructuring Money Market Mutual Fund Regulation Municipal Bonds (Frank)

Client expense: $1,234,965 · Firm income: Not reported

Oversight and Regulations in the Credit Ratings Industry, specifically related to accountability, liability and due diligence, as well as TARP oversight. S.1073: A bill to provide for credit rating reforms, and for other purposes.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE