Generate Retirement Ownership Through Long-Term Holding Act of 2009

S. 1082 - GROWTH Act Legislation affecting Regulated Investment Companies HR 4337 Regulated Investment Company Modernization Act

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds, and activity within Congress, especially in the context of the HR 4173, the Wall Street Reform and Consumer Protection Act and implementation by the CFTL. Hedge funds and private equity: Monitor S.244 Hedge Fund Transaprency Act, S.12276 Private Fund Transparency Act of 2009. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in HR 4173, the Wall Street Reform and Consumer Protection Act and its implementation. Senior Investor Protection Act, S.906: Monitor legislation designed to protect seniors wishing to buy financial products from unqualified advisors; monitor together with trade associations. Target Date funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and money markets: Monitor and see proposed SEC regulations. Mutual funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds, GROWTH act S.1082. Proprietary Trading: Along with trade associations, monitor implementation of the "Volcker Rule", included as part of HR 4173, the Wall Street Reform and Consumer Protection Act. This will restart the ability of some institutions to engage in proprietary trading and investing in hedge and private equity funds.

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

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Risk Management Agency, SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

S. 1082 GROWTH Act S. 1297 Retirement Security for Life Act of 2009 (annuities) S. 2927 Wall Street Fair Share Act (securities transaction tax) S. 3793 Job Creation and Tax Cuts Act of 2010 (flow-through) H.R. 2748 Retirement Security Needs Lifetime Pay Act of 2009 (annuities) H.R. 3429 GROWTH Act H.R. 4126 Retirement Fairness Act of 2009 (retirement plan nondiscrimination) H.R. 4191 Let Wall Street Pay for the Restoration of Main Street Act (securities transaction tax) H.R. 4337 Regulated Investment Company Modernization Act of 2009 Financial Crisis Responsibility Fee

Client expense: $1,438,483 · Firm income: Not reported

H.R. 1961 - Savings for American Families' Future Act of 2009; entire bill H.R. 2021 - Savings Recovery Act; entire bill H.R. 2096 - Long-Term Care Affordability and Security Act of 2009; entire bill H.R. 2637 - To amend the Internal Revenue Code of 1986 to increase the age at which distributions from qualified retirement plans are required to begin and to extend the waiver of required minimum distribution rules for certain retirement plans and accounts through 2010; entire bill H.R. 2748 - Retirement Security Needs Lifetime Pay Act; entire bill H.R. 2779 Defined Contribution Plan Fee Transparency Act; provisions relating to fee disclosure H.R. 2989 - 401(k) Fair Disclosure and Pension Security Act of 2009; provisions relating to fee disclosures and investment advice H.R. 3429 - Generate Retirement Ownership Through Long-Term Holding Act of 2009; entire bill H.R. 3551 - Senior Investment Protection Act of 2009; entire bill H.R. 3936 Preserve Benefits and Jobs Act of 2009; provisions relating to employer-provided pension plans and retirement savings H.R. 4213 American Jobs and Closing Tax Loopholes Act of 2010; provisions relating to fee disclosure H.R. 4126 - Retirement Fairness Act of 2009; entire bill H.R. 4146 - Sensible Transparency for Retirement Plans Act of 2009; entire bill H.R. 4742 Small Businesses Add Value for Employees (SAVE) Act; entire bill H.R. 6099 - Automatic IRA Act of 2010; entire bill S. 401 - Defined Contribution Fee Disclosure Act of 2009; entire bill S. 702 - Long-Term Care Affordability and Security Act of 2009; entire bill S. 906 - Senior Investor Protection Act; entire bill S. 1082 - The Generating Retirement Ownership Through Long-Term Holding Act; entire bill S. 1297 - Retirement Security for Life Act; entire bill S. 1661 - Senior Investment Protection Act of 2009; entire bill S. 2832 Lifetime Income Disclosure Act; entire bill S. 3760 - Automatic IRA Act of 2010; entire bill Administrations Budget provisions relating to Auto IRA proposal

S 567 A bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gains rates / HR 498 Capital Gains and Estate Tax Relief Act of 2009 / HR 664 Economic Stimulus Enhancement and Tax Relief Permanency Act of 2009 -- permanent lower individual income tax rates for capital gains and dividends legislation; S 401 Defined Contribution Fee Disclosure Act of 2009 / HR 2989 401(k) Fair Disclosure and Pension Security Act of 2009-- 401(k) fee disclosure and investment advice legislation; S 1082 GROWTH Act--a bill to defer capital gains until owners sell their mutual funds; HR 3126 The Consumer Financial Protection Agency Act--a bill to establish a new federal agency to protect consumers of financial products; HR 4126 The Retirement Fairness Act of 2009--defined contribution reform legislation; S 2832 Lifetime Income Disclsoure Act--annuity disclosure for retirement plans; HR 4173 Wall Street Reform and Consumer Protection Act--financial services regulatory reform legislation; S 3760 Automatic IRA Act of 2010; HR 6099 Automatic IRA Act of 2010.

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

S. 1082 - GROWTH Act Legislation affecting Regulated Investment Companies HR 4337 Regulated Investment Company Modernization Act

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Annuities: followed SEC action on rule to bring equity-indexed annuities under the SEC's regulatory purviews and an amendment to the Dodd-Frank Act, HR 4173 that effectively overturned this rule. Proposed rule: "indexed annuities and certain other insurance contacts," release number 33-8933, also followed litigation in opposition to rule. Commodities: Monitor action of the CFTC and Congress on speculation in the energy markets. Short Selling: Followed SEC's action regarding reinstating the uptick rule for short selling. Hedge funds and private equity: Monitor S.244 hedge Fund Transparency Act, S.12276 Private Fund Transparency Act of 2009. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in HR 4173, The Wall Street Reform and Consumer Protection Act and its implementation. Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds, and activity within Congress, especially in the context of the HR 4173, the Wall Street Reform and Consumer Protection Act. Senior Investor Protection Act, S.906: Monitor legislation designed to protect seniors wishing to buy financial products from unqualified advisors; monitor together with trade associations. Target Date funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and money markets: Monitor and see proposed SEC regulations. Mutual funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds, GROWTH act S. 1082. Proprietary Trading - follow provision in HR 4173, the Wall Street Reform and Consumer Protection Act that would restrict the ability of some institutions to engage in proprietary trading and investments in hedge or private equity funds.

S. 1082 GROWTH Act S. 1297 Retirement Security for Life Act of 2009 (annuities) S. 1934 Foreign Account Tax Compliance Act of 2009 S. 2927 Wall Street Fair Share Act (securities transaction tax) H.R. 2748 Retirement Security Needs Lifetime Pay Act of 2009 (annuities) H.R. 3429 GROWTH Act H.R. 3933 Foreign Account Tax Compliance Act of 2009 H.R. 4126 Retirement Fairness Act of 2009 (retirement plan nondiscrimination) H.R. 4191 Let Wall Street Pay for the Restoration of Main Street Act (securities transaction tax) H.R. 4213 American Jobs and Closing Tax Loopholes Act of 2010 (flow-through) H.R. 4337 Regulated Investment Company Modernization Act of 2009 H.R. 4742 SAVE Act (Automatic Payroll Deduction IRA) Financial Crisis Responsibility Fee

Client expense: $1,253,107 · Firm income: Not reported

S 567 A bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gains rates / HR 498 Capital Gains and Estate Tax Relief Act of 2009 / HR 664 Economic Stimulus Enhancement and Tax Relief Permanency Act of 2009 -- permanent lower individual income tax rates for capital gains and dividends legislation; S 401 Defined Contribution Fee Disclosure Act of 2009 / HR 2989 401(k) Fair Disclosure and Pension Security Act of 2009-- 401(k) fee disclosure and investment advice legislation; S 1082 GROWTH Act--a bill to defer capital gains until owners sell their mutual funds; HR 3126 The Consumer Financial Protection Agency Act--a bill to establish a new federal agency to protect consumers of financial products; HR 4126 The Retirement Fairness Act of 2009--defined contribution reform legislation; S 2832 Lifetime Income Disclsoure Act--annuity disclosure for retirement plans; HR 4173 Wall Street Reform and Consumer Protection Act--financial services regulatory reform legislation.

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

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

S 567 A bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gains rates / HR 498 Capital Gains and Estate Tax Relief Act of 2009 / HR 664 Economic Stimulus Enhancement and Tax Relief Permanency Act of 2009 -- permanent lower individual income tax rates for capital gains and dividends legislation; S 401 Defined Contribution Fee Disclosure Act of 2009 / HR 2989 401(k) Fair Disclosure and Pension Security Act of 2009-- 401(k) fee disclosure and investment advice legislation; S 1082 GROWTH Act--a bill to defer capital gains until owners sell their mutual funds; HR 3126 The Consumer Financial Protection Agency Act--a bill to establish a new federal agency to protect consumers of financial products; HR 4126 The Retirement Fairness Act of 2009--defined contribution reform legislation; S 2832 Lifetime Income Disclsoure Act--annuity disclosure for retirement plans; HR 4173 Wall Street Reform and Consumer Protection Act--financial services regulatory reform legislation.

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

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

H.R. 1961 - Savings for American Families' Future Act of 2009; entire bill H.R. 2021 - Savings Recovery Act; entire bill H.R. 2096 - Long-Term Care Affordability and Security Act of 2009; entire bill H.R. 2637 - To amend the Internal Revenue Code of 1986 to increase the age at which distributions from qualified retirement plans are required to begin and to extend the waiver of required minimum distribution rules for certain retirement plans and accounts through 2010; entire bill H.R. 2748 - Retirement Security Needs Lifetime Pay Act; entire bill H.R. 2779 Defined Contribution Plan Fee Transparency Act; provisions relating to fee disclosure H.R. 2989 - 401(k) Fair Disclosure and Pension Security Act of 2009; provisions relating to fee disclosures and investment advice H.R. 3429 - Generate Retirement Ownership Through Long-Term Holding Act of 2009; entire bill H.R. 3551 - Senior Investment Protection Act of 2009; entire bill H.R. 3936 Preserve Benefits and Jobs Act of 2009; provisions relating to employer-provided pension plans and retirement savings H.R. 4213 American Jobs and Closing Tax Loopholes Act of 2010; provisions relating to fee disclosure H.R. 4126 - Retirement Fairness Act of 2009; entire bill H.R. 4146 - Sensible Transparency for Retirement Plans Act of 2009; entire bill H.R. 4742 - Small Businesses Add Value for Employees (SAVE) Act; entire bill S. 401 - Defined Contribution Fee Disclosure Act of 2009; entire bill S. 702 - Long-Term Care Affordability and Security Act of 2009; entire bill S. 906 - Senior Investor Protection Act; entire bill S. 1082 - The Generating Retirement Ownership Through Long-Term Holding Act; entire bill S. 1297 - Retirement Security for Life Act; entire bill S. 1661 - Senior Investment Protection Act of 2009; entire bill S. 2832 Lifetime Income Disclosure Act; entire bill Administrations Budget provisions relating to Auto IRA proposal

Annuities: followed SEC action on rule to bring equity-indexed annuities under the SEC's regulatory purviews. Proposed rule: "indexed Annuities and certain other insurance contacts." release number 33-8933. also followed litigation in opposition to rule. Commodities: Monitor action of the CFTC and Congress on speculation in the energy markets. Short Selling: Followed SEC's action regarding reinstating the uptick rule for short selling. Hedge funds and private equity: Monitor S.244 Hedge Fund Transparency Act, S.12276 Private Fund Transparency Act of 2009. Consumer Financial Protection Agency: Monitor inclusion of this new agency in H.R. 4173, the Wall Street Reform and Consumer Protection Act. Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds, and activity within Congress, especially in the context of the H.R. 4173, the Wall Street Reform and Consumer Protection Act. Senior Investor Protection Act, S.906: Monitor legislation designed to protect seniors wishing to buy financial products from unqualified advisors; monitor together with trade associations. Target Date funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and money markets: Monitor and see proposed SEC regulations. Mutual funds; Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds, GROWTH act S. 1082. Proprietary Trading - Follow provisions in H.R. 4173, the Wall Street Reform and consumer Protection Act that would restrict the ability of some institutions to engage in proprietary trading and investments in hedge or private equity funds.

S. 1082 - GROWTH Act Legislation affecting Regulated Investment Companies

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 1082 GROWTH Act S. 1297 Retirement Security for Life Act of 2009 (annuities) S. 1934 Foreign Account Tax Compliance Act of 2009 S. 2927 Wall Street Fair Share Act (securities transaction tax) H.R. 2748 Retirement Security Needs Lifetime Pay Act of 2009 (annuities) H.R. 3429 GROWTH Act H.R. 3933 Foreign Account Tax Compliance Act of 2009 H.R. 4126 Retirement Fairness Act of 2009 (retirement plan nondiscrimination) H.R. 4191 Let Wall Street Pay for the Restoration of Main Street Act (securities transaction tax) H.R. 4213 Tax Extenders Act of 2009 (flow-through) H.R. 4337 Regulated Investment Company Modernization Act of 2009

Client expense: $1,117,910 · Firm income: Not reported

H.R. 1961 - Savings for American Families' Future Act of 2009; entire bill H.R. 2021 - Savings Recovery Act; entire bill H.R. 2096 - Long-Term Care Affordability and Security Act of 2009; entire bill H.R. 2748 - Retirement Security Needs Lifetime Pay Act; entire bill H.R. 2779 Defined Contribution Plan Fee Transparency Act; provisions relating to fee disclosure H.R. 2989 - 401(k) Fair Disclosure and Pension Security Act of 2009; provisions relating to fee disclosures and investment advice H.R. 3429 - Generate Retirement Ownership Through Long-Term Holding Act of 2009; entire bill H.R. 3936 Preserve Benefits and Jobs Act of 2009; provisions relating to employer-provided pension plans and retirement savings H.R. 4213 American Worker, State, and Business Relief Act; possible inclusion of provisions relating to fee disclosure H.R. 4126 - Retirement Fairness Act of 2009; entire bill H.R. 4146 - Sensible Transparency for Retirement Plans Act of 2009; entire bill H.R. 4742 Small Businesses Add Value for Employees (SAVE) Act; entire bill S. 401 - Defined Contribution Fee Disclosure Act of 2009; entire bill S. 702 - Long-Term Care Affordability and Security Act of 2009; entire bill S. 906 - Senior Investor Protection Act; entire bill S. 1082 - The Generating Retirement Ownership Through Long-Term Holding Act; entire bill S. 1297 - Retirement Security for Life Act; entire bill S. 1661 - Senior Investment Protection Act of 2009; entire bill S. 2832 Lifetime Income Disclosure Act; entire bill Administrations Budget provisions relating to Auto IRA proposal

Client expense: $700,000 · Firm income: Not reported

Stop Tax Haven Abuse Act S.506; HR1265 S. 1082 - GROWTH Act Legislation affecting Regulated Investment Companies

Client expense: Not reported · Firm income: $40,000

Annuities: Followed SEC action on rule to bring equity-indexed annuities under the SEC's regulatory purviews. Proposed rule: "indexed Annuities and certain other insurance contacts." Release number: 33-8933. also followed litigation in opposition to rule. commodities: Monitor action of the CFTC and Congress on speculation in the energy markets. Short Selling: Followed SEC's action regarding reinstating the uptick rule for short selling. Hedge funds and private equity: Monitor S.244 Hedge fund Transparency Act; S.12276 private Fund Transparency Act of 2009. Consumer Financial Protection Agency: Monitor inclusion of this new agency in H.R.4193, the Wall Street Reform and Consumer Protection Act and in parallel Senate legislation, the Restoring American Financial Stability Act. Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds, and activity within Congress, especially in the context of the H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009 and parallel legislation in the Senate, the Restoring American Financial Stability Act. Senior Investor Protection Act, S.906: monitor legislation designed to protect seniors wishing to buy financial products from unqualified advisors; monitor together with trade associations. Target Date funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and money markets: Monitor and see proposed SEC regulations. Mutual funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds, GROWTH act S. 1082.

Client expense: $425,000 · Firm income: Not reported

S 567 A bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gains rates / HR 498 Capital Gains and Estate Tax Relief Act of 2009 / HR 664 Economic Stimulus Enhancement and Tax Relief Permanency Act of 2009 -- permanent lower individual income tax rates for capital gains and dividends legislation; S 401 Defined Contribution Fee Disclosure Act of 2009 / HR 2989 401(k) Fair Disclosure and Pension Security Act of 2009-- 401(k) fee disclosure and investment advice legislation; S 1082 GROWTH Act--a bill to defer capital gains until owners sell their mutual funds; HR 3126 The Consumer Financial Protection Agency Act--a bill to establish a new federal agency to protect consumers of financial products; HR 4126 The Retirement Fairness Act of 2009--defined contribution reform legislation; S 2832 Lifetime Income Disclsoure Act--annuity disclosure for retirement plans.

Client expense: $450,000 · Firm income: Not reported

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

General issues related to estate tax, deferral, net operating loss, executive compensation, LIFO, and research & development tax creditH. Con. Res. 85 / S. Con. Res. 13, Setting forth the Congressional budget for the United States Government for FY 2010 and including appropriate budgetary levels for FY 2009 and 2011 through 2014 H.R. 1322, Emergency Retiree Health Benefits Protection Act of 2009 H.R. 1265 / S. 506, Stop Tax Haven Abuse Act S. 722, Taxpayer Certainty and Relief Act of 2009 H.R. 2452 / S. 823, Net Operating Loss (NOL) Carryback Act H.R. 422, To amend the Internal Revenue Code of 1986 to extend the research credit through 2010 and to increase and make permanent the alternative simplified research credit S. 1203, Grow Research Opportunities With Taxcredits' Help Act S. 996, S Corporation Modernization Act of 2009 H.R. 436, Certain Estate Tax Relief Act of 2009 S. 1230, Home Buyer Tax Credit Act of 2009 S. 765, A bill to amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to not impose a penalty for failure to disclose reportable transactions when there is reasonable cause for such failure, to modify such penalty, and for other purposes S. 437/ H.R. 2519, A bill to amend the Internal Revenue Code of 1986 to allow the deduction of attorney-advanced expenses and court costs in contingency fee cases H.R. 275/S. 292, Withholding Tax Relief Act of 2009 H.R. 690/S. 144, Modernize Our Bookkeeping In the Law for Employee's Cell Phone Act of 2009 H.R. 1935, A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services S. 1082, Generate Retirement Ownership Through Long-Term Holding Act of 2009 Issues related to taxation in various health care reform proposals (no specific legislation introduced) Small Business Jump Start Act of 2009 (legislation not introduced), increasing the small businesss start-up expense deduction from $5,000 to $10,000 President's Proposed Budget, FY2010 Greenbook Public Law No. 111-5 - ARRA: Implementation of the Stimulus Bill Access to Capital Provisions and Tax Provisions. SEC Roadmap for Adoption of International Financial Reporting Standards (IFRS): Repeal of Last-In, First-Out Method of Inventory Accounting (LIFO)

General issues related to estate tax, deferral, net operating loss, executive compensation, LIFO, and research & development tax credit H. Con. Res. 85 / S. Con. Res. 13, Setting forth the Congressional budget for the United States Government for FY 2010 and including appropriate budgetary levels for FY 2009 and 2011 through 2014 H.R. 1322, Emergency Retiree Health Benefits Protection Act of 2009 H.R. 1265 / S. 506, Stop Tax Haven Abuse Act S. 722, Taxpayer Certainty and Relief Act of 2009 H.R. 2452 / S. 823, Net Operating Loss (NOL) Carryback Act H.R. 422, To amend the Internal Revenue Code of 1986 to extend the research credit through 2010 and to increase and make permanent the alternative simplified research credit S. 1203, Grow Research Opportunities With Taxcredits' Help Act S. 996, S Corporation Modernization Act of 2009 H.R. 436, Certain Estate Tax Relief Act of 2009 S. 1230, Home Buyer Tax Credit Act of 2009 S. 765, A bill to amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to not impose a penalty for failure to disclose reportable transactions when there is reasonable cause for such failure, to modify such penalty, and for other purposes S. 437/ H.R. 2519, A bill to amend the Internal Revenue Code of 1986 to allow the deduction of attorney-advanced expenses and court costs in contingency fee cases H.R. 275/S. 292, Withholding Tax Relief Act of 2009 H.R. 690/S. 144, Modernize Our Bookkeeping In the Law for Employee's Cell Phone Act of 2009 H.R. 1935, A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services S. 1082, Generate Retirement Ownership Through Long-Term Holding Act of 2009 Issues related to taxation in various health care reform proposals (no specific legislation introduced) Small Business Jump Start Act of 2009 (legislation not introduced), increasing the small businesss start-up expense deduction from $5,000 to $10,000 President's Proposed Budget, FY2010 Greenbook Public Law No. 111-5 - ARRA: Implementation of the Stimulus Bill Access to Capital Provisions and Tax Provisions. SEC Roadmap for Adoption of International Financial Reporting Standards (IFRS): Repeal of Last-In, First-Out Method of Inventory Accounting (LIFO)

General issues related to estate tax, deferral, net operating loss, executive compensation, LIFO, and research & development tax credit H. Con. Res. 85 / S. Con. Res. 13, Setting forth the Congressional budget for the United States Government for FY 2010 and including appropriate budgetary levels for FY 2009 and 2011 through 2014 H.R. 1322, Emergency Retiree Health Benefits Protection Act of 2009 H.R. 1265 / S. 506, Stop Tax Haven Abuse Act S. 722, Taxpayer Certainty and Relief Act of 2009 H.R. 2452 / S. 823, Net Operating Loss (NOL) Carryback Act H.R. 422, To amend the Internal Revenue Code of 1986 to extend the research credit through 2010 and to increase and make permanent the alternative simplified research credit S. 1203, Grow Research Opportunities With Taxcredits' Help Act S. 996, S Corporation Modernization Act of 2009 H.R. 436, Certain Estate Tax Relief Act of 2009 S. 1230, Home Buyer Tax Credit Act of 2009 S. 765, A bill to amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to not impose a penalty for failure to disclose reportable transactions when there is reasonable cause for such failure, to modify such penalty, and for other purposes S. 437/ H.R. 2519, A bill to amend the Internal Revenue Code of 1986 to allow the deduction of attorney-advanced expenses and court costs in contingency fee cases H.R. 275/S. 292, Withholding Tax Relief Act of 2009 H.R. 690/S. 144, Modernize Our Bookkeeping In the Law for Employee's Cell Phone Act of 2009 H.R. 1935, A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services S. 1082, Generate Retirement Ownership Through Long-Term Holding Act of 2009 Issues related to taxation in various health care reform proposals (no specific legislation introduced) Small Business Jump Start Act of 2009 (legislation not introduced), increasing the small businesss start-up expense deduction from $5,000 to $10,000 President's Proposed Budget, FY2010 Greenbook Public Law No. 111-5 - ARRA: Implementation of the Stimulus Bill Access to Capital Provisions and Tax Provisions. SEC Roadmap for Adoption of International Financial Reporting Standards (IFRS): Repeal of Last-In, First-Out Method of Inventory Accounting (LIFO)

H.R. 1250 - Public Good IRA Rollover Act of 2009; entire bill H.R. 1961 - Savings for American Families' Future Act of 2009; entire bill H.R. 2021 - Savings Recovery Act; entire bill H.R. 2096 - Long-Term Care Affordability and Security Act of 2009; entire bill H.R. 2748 - Retirement Security Needs Lifetime Pay Act; entire bill H.R. 2779 Defined Contribution Plan Fee Transparency Act; provisions relating to fee disclosure H.R. 2989 - 401(k) Fair Disclosure and Pension Security Act of 2009; provisions relating to fee disclosures and investment advice H.R. 3429 - Generate Retirement Ownership Through Long-Term Holding Act of 2009; entire bill H.R. 3936 Preserve Benefits and Jobs Act of 2009; provisions relating to employer-provided pension plans and retirement savings H.R. 4126 - Retirement Fairness Act of 2009; entire bill H.R. 4146 - Sensible Transparency for Retirement Plans Act of 2009; entire bill S. 401 - Defined Contribution Fee Disclosure Act of 2009; entire bill S. 702 - Long-Term Care Affordability and Security Act of 2009; entire bill S. 906 - Senior Investor Protection Act; entire bill S. 1082 - The Generating Retirement Ownership Through Long-Term Holding Act; entire bill S. 1297 - Retirement Security for Life Act; entire bill S. 1661 - Senior Investment Protection Act of 2009; entire bill S. 2832 Lifetime Income Disclosure Act; entire bill Administrations Budget provisions relating to Auto IRA proposal

Client expense: $440,000 · Firm income: Not reported

S. 1082 GROWTH ACT S. 1297Retirement Security for Life Act of 2009 (annuities) S. 1934Foreign Account Tax Compliance Act of 2009 H.R. 2748Retirement Security Needs Lifetime Pay Act of 2009 (annuities) H.R. 3429GROWTH Act H.R. 3933Foreign Account Tax Compliance Act of 2009 H.R. 4126Retirement Fairness Act of 2009 (retirement plan nondiscrimination) H.R. 4191Let Wall Street Pay for the Restoration of Main Street Act (securities transaction tax) H.R. 4213Tax Extenders Act of 2009 (flow-through) H.R. 4337Regulated Investment Company Modernization Act of 2009 Automatic Payroll Deduction IRA

Client expense: $1,283,256 · Firm income: Not reported

S 567 A bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gains rates / HR 498 Capital Gains and Estate Tax Relief Act of 2009 / HR 664 Economic Stimulus Enhancement and Tax Relief Permanency Act of 2009 -- permanent lower individual income tax rates for capital gains and dividends legislation; S 401 Defined Contribution Fee Disclosure Act of 2009 / HR 2989 401(k) Fair Disclosure and Pension Security Act of 2009-- 401(k) fee disclosure and investment advice legislation; S 1082 GROWTH Act--a bill to defer capital gains until owners sell their mutual funds; HR 3126 The Consumer Financial Protection Agency Act--a bill to establish a new federal agency to protect consumers of financial products; HR 4126 The Retirement Fairness Act of 2009--defined contribution reform legislation; S 2832 Lifetime Income Disclsoure Act--annuity disclosure for retirement plans.

Client expense: $480,000 · Firm income: Not reported

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

Stop Tax Haven Abuse Act S.506; HR1265 S. 1082 - GROWTH Act Legislation affecting Regulated Investment Companies

Client expense: Not reported · Firm income: $40,000

Annuities: Followed SEC action on rule to bring equity-indexed annuities under the SEC's regulatory purviews. Proposed rule: 'indexed Annuities and certain other insurance contacts." Release number: 33-8933. Also followed litigation in opposition to rule. Commodities: Monitor action of the CFTC and Congress on speculation in the energy markets Short Selling: Followed SEC's action regarding reinstating the uptick rule for short selling. Hedge funds and private equity: Monitor S.344 Hedge Fund Transparency Act; S.1276 private Fund Transparency Act of 2009. Consumer Financial Protection Agency: Monitor H.R. 3126, legislation to create a new agency to oversee the financial services industry. Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds, and activity within Congress, especially in the context of the H.R.4173, the Wall Street Reform and Consumer Protection Act of 2009. Senior Investor Protection Act, S.906: monitor legislation designed to protect seniors wishing to buy financial products from unqualified advisors; monitor together with trade association. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. Credit default swap regulation: Monitor S.961 Authorizing the Regulation of Swaps Act Restructuring of the commodity Futures Trading Commission; Monitor Obama Administration proposals. SEC and money markets: Monitor and see proposed SEC regulations. Mutual funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds, GROWTH act, S. 1082.

Client expense: $390,603 · Firm income: Not reported

S. 823, H.R. 2452 - NOL carryback extension; S. 1082 - Mutual fund tax modernization; H.R. 939, S 157 - MRD technical corrections and reforms; S. 506, H.R. 1265 - Stop tax haven abuse act; S. 722 - Estate and gift taxes

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

S. 157 Retirement Account Distribution Improvement Act of 2009 (RMD) H.R. 939 IRA Equity for Seniors Act (RMD) S. 722 Taxpayer Certainty and Relief Act of 2009 (capital gains and dividends) S. 506 Stop Tax Haven Abuse Act H.R. 1265 Stop Tax Haven Abuse Act S. 1082 GROWTH Act H.R. 3429 GROWTH Act H.R. 2022 Kids IRA Act of 2009 S. 1297 Retirement Security for Life Act of 2009 (annuities) H.R. 2748 Retirement Security Needs Lifetime Pay Act of 2009 (annuities) Automatic Payroll Deduction IRA

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1250 - Public Good IRA Rollover Act of 2009; entire bill H.R. 1961 - Savings for American Families' Future Act of 2009; entire bill H.R. 2021 - Savings Recovery Act; entire bill H.R. 2096 - Long-Term Care Affordability and Security Act of 2009; entire bill H.R. 2748 - Retirement Security Needs Lifetime Pay Act; entire bill H.R. 2779 Defined Contribution Plan Fee Transparency Act; provisions relating to fee disclosure H.R. 2989 - 401(k) Fair Disclosure and Pension Security Act of 2009; provisions relating to fee disclosures and investment advice H.R. 3429 - Generate Retirement Ownership Through Long-Term Holding Act of 2009; entire bill S. 401 - Defined Contribution Fee Disclosure Act of 2009; entire bill S. 702 - Long-Term Care Affordability and Security Act of 2009; entire bill S. 906 - Senior Investor Protection Act; entire bill S.1082 - The Generating Retirement Ownership Through Long-Term Holding Act; entire bill S.1297 - Retirement Security for Life Act; entire bill S. 1661 - Senior Investment Protection Act of 2009; entire bill Administrations Budget provisions relating to Auto IRA proposal

Client expense: $400,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General issues related to estate tax, deferral, net operating loss, executive compensation, LIFO, and research & development tax credit H. Con. Res. 85 / S. Con. Res. 13, Setting forth the Congressional budget for the United States Government for FY 2010 and including appropriate budgetary levels for FY 2009 and 2011 through 2014 H.R. 1322, Emergency Retiree Health Benefits Protection Act of 2009 H.R. 1265 / S. 506, Stop Tax Haven Abuse Act S. 722, Taxpayer Certainty and Relief Act of 2009 H.R. 2452 / S. 823, Net Operating Loss (NOL) Carryback Act H.R. 422, To amend the Internal Revenue Code of 1986 to extend the research credit through 2010 and to increase and make permanent the alternative simplified research credit S. 1203, Grow Research Opportunities With Taxcredits' Help Act S. 996, S Corporation Modernization Act of 2009 H.R. 436, Certain Estate Tax Relief Act of 2009 S. 1230, Home Buyer Tax Credit Act of 2009 S. 765, A bill to amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to not impose a penalty for failure to disclose reportable transactions when there is reasonable cause for such failure, to modify such penalty, and for other purposes S. 437/ H.R. 2519, A bill to amend the Internal Revenue Code of 1986 to allow the deduction of attorney-advanced expenses and court costs in contingency fee cases H.R. 275/S. 292, Withholding Tax Relief Act of 2009 H.R. 690/S. 144, Modernize Our Bookkeeping In the Law for Employee's Cell Phone Act of 2009 H.R. 1935, A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services S. 1082, Generate Retirement Ownership Through Long-Term Holding Act of 2009 Issues related to taxation in various health care reform proposals (no specific legislation introduced) Small Business Jump Start Act of 2009 (legislation not introduced), increasing the small businesss start-up expense deduction from $5,000 to $10,000 President's Proposed Budget, FY2010 Greenbook Public Law No. 111-5 - ARRA: Implementation of the Stimulus Bill Access to Capital Provisions and Tax Provisions. SEC Roadmap for Adoption of International Financial Reporting Standards (IFRS): Repeal of Last-In, First-Out Method of Inventory Accounting (LIFO)

S 567 A bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gains rates / HR 498 Capital Gains and Estate Tax Relief Act of 2009 / HR 664 Economic Stimulus Enhancement and Tax Relief Permanency Act of 2009 -- permanent lower individual income tax rates for capital gains and dividends legislation; S 401 Defined Contribution Fee Disclosure Act of 2009 / HR 2989 401(k) Fair Disclosure and Pension Security Act of 2009-- 401(k) fee disclosure and investment advice legislation; S 1082 GROWTH Act--a bill to defer capital gains until owners sell their mutual funds; HR 3126 The Consumer Financial Protection Agency Act--a bill to establish a new federal agency to protect consumers of financial products.

Client expense: $430,000 · Firm income: Not reported

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

Annuities: Followed SEC action, including a recently proposed rule to bring equity-indexed annuities under the SEC's regulatory purviews. Proposed rule: "indexed Annuities and certain other insurance contacts." Release number: 33-8933. Commodities: Monitor action of the CFTC and Congress on speculation in the energy markets. Short Selling: Followed SEC's action regarding reinstating the uptick rule for short selling. Hedge funds and private equity: Monitor S.344 Hedge Fund Transparency Act; S.1276 private Fund Transparency Act of 2009. Consumer Financial Protection Agency: Monitor H.R.3126, legislation to create a new agency to oversee the financial services industry. Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds, and activity within Congress. Senior Investor Protection Act, S.906: Monitor legislation designed to protect seniors wishing to buy financial products from unqualified advisors: monitor together with trade association. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. Credit default swap regulation: Monitor S.961 Authorizing the Regulation of Swaps Act Restructuring of the Commodity Futures Trading Commission: Monitor Obama Administration proposals. SEC and money markets: Monitor and see proposed SEC regulations. Mutual funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds, GROWTH Act, S.1082

Client expense: $353,843 · Firm income: Not reported

Stop Tax Haven Abuse Act S.506; HR1265 S. 1082 - Growth Act Legislation affecting Regulated Investment Companies

Client expense: Not reported · Firm income: $40,000

Tax reform; Economic Stimulus / S. 823, H.R. 1, H.R. 2452 - NOL carryback extension; Executive comp / H. R. 1586, H.R. 1664, H.R., 1, S. 651 - deferred comp, cost basis reporting; Corporate tax issues, S-corp taxes; S. 722, S. 567 - Capital gains and dividend rates; S. 1082 Mutual fund tax modernization; H.R. 4242. H.R. 939, S.157 - MRD technical corrections and reform; S. 506 - Stop tax haven abuse act

Client expense: $800,000 · 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

S. 157 Retirement Account Distribution Improvement Act of 2009 (RMD) H.R. 939 IRA Equity for Seniors Act (RMD) S. 722 Taxpayer Certainty and Relief Act of 2009 (capital gains and dividends) S. 506 Stop Tax Haven Abuse Act H.R. 1265 Stop Tax Haven Abuse Act S. 1082 GROWTH Act H.R. 2022 Kids IRA Act of 2009 S. 1297 Retirement Security for Life Act of 2009 (annuities) H.R. 2748 Retirement Security Needs Lifetime Pay Act of 2009 (annuities) Automatic Payroll Deduction IRA RIC Modernization

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

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

General issues related to estate tax, deferral, net operating loss, executive compensation, LIFO, and research & development tax credit H. Con. Res. 85 / S. Con. Res. 13, Setting forth the Congressional budget for the United States Government for FY 2010 and including appropriate budgetary levels for FY 2009 and 2011 through 2014 H.R. 1322, Emergency Retiree Health Benefits Protection Act of 2009 H.R. 1265 / S. 506, Stop Tax Haven Abuse Act S. 722, Taxpayer Certainty and Relief Act of 2009 H.R. 2452 / S. 823, Net Operating Loss (NOL) Carryback Act H.R. 422, To amend the Internal Revenue Code of 1986 to extend the research credit through 2010 and to increase and make permanent the alternative simplified research credit S. 1203, Grow Research Opportunities With Taxcredits' Help Act S. 996, S Corporation Modernization Act of 2009 H.R. 436, Certain Estate Tax Relief Act of 2009 S. 1230, Home Buyer Tax Credit Act of 2009 S. 765, A bill to amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to not impose a penalty for failure to disclose reportable transactions when there is reasonable cause for such failure, to modify such penalty, and for other purposes S. 437/ H.R. 2519, A bill to amend the Internal Revenue Code of 1986 to allow the deduction of attorney-advanced expenses and court costs in contingency fee cases H.R. 275/S. 292, Withholding Tax Relief Act of 2009 H.R. 690/S. 144, Modernize Our Bookkeeping In the Law for Employee's Cell Phone Act of 2009 H.R. 1935, A bill to amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services S. 1082, Generate Retirement Ownership Through Long-Term Holding Act of 2009 Issues related to taxation in various health care reform proposals (no specific legislation introduced) Small Business Jump Start Act of 2009 (legislation not introduced), increasing the small businesss start-up expense deduction from $5,000 to $10,000 President's Proposed Budget, FY2010 Greenbook Public Law No. 111-5 - ARRA: Implementation of the Stimulus Bill Access to Capital Provisions and Tax Provisions. SEC Roadmap for Adoption of International Financial Reporting Standards (IFRS): Repeal of Last-In, First-Out Method of Inventory Accounting (LIFO)

H.R. 1250 - Public Good IRA Rollover Act of 2009; entire bill H.R. 1961 - Savings for American Families' Future Act of 2009; entire bill H.R. 1984 - 401(k) Fair Disclosure for Retirement Security Act; entire bill H.R. 1988 - Conflicted Investment Advice Prohibition Act of 2009; entire bill H.R. 2021 - Savings Recovery Act; entire bill H.R. 2096 - Long-Term Care Affordability and Security Act of 2009; entire bill H.R. 2748 - Retirement Security Needs Lifetime Pay Act; entire bill H.R. 2779 Defined Contribution Plan Fee Transparency Act; entire bill H.R. 2989 - 401(k) Fair Disclosure and Pension Security Act of 2009; entire bill S. 401 - Defined Contribution Fee Disclosure Act of 2009; entire bill S. 702 - Long-Term Care Affordability and Security Act of 2009; entire bill S. 906 - Senior Investor Protection Act; entire bill S.1082 - The Generating Retirement Ownership Through Long-Term Holding Act; entire bill S.1297 - Retirement Security for Life Act; entire bill Administrations Budget provisions relating to Auto IRA proposal

Client expense: $380,000 · Firm income: Not reported

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

S 567 A bill to repeal the sunset on the reduction of capital gains rates for individuals and on the taxation of dividends of individuals at capital gains rates / HR 498 Capital Gains and Estate Tax Relief Act of 2009 / HR 664 Economic Stimulus Enhancement and Tax Relief Permanency Act of 2009 -- permanent lower individual income tax rates for capital gains and dividends legislation; S 401 Defined Contribution Fee Disclosure Act of 2009 / HR 2989 401(k) Fair Disclosure and Pension Security Act of 2009-- 401(k) fee disclosure and investment advice legislation; S 1082 GROWTH Act--a bill to defer capital gains until owners sell their mutual funds.

Client expense: $500,000 · Firm income: Not reported

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

Annuities: Followed SEC action, including a recently proposed rule to bring equity-indexed annuities under the SEC's regulatory purviews. Proposed rule: "indexed Annuities and certain other insurance contacts". Release number: 33-8933. Commodities: Monitor action of the CFTC and Congress on speculation in the energy markets. Short Selling: Followed SEC's action regarding reinstating the uptick rule for short selling. Hedge funds and private equity: Monitor S.344 Hedge Fund Transparency Act; S. 1276 Private Fund Transparency Act of 2009. Consumer Financial Protection Agency: Monitor Obama Administration proposal to create an agency. Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds. Senior Investor Protection Act, S.906: Monitor legislation designed to protect seniors wishing to buy financial products from unqualified advisors: monitor together with trade association. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. Credit default swap regulation: Monitor S.961 Authorizing the Regulation of Swaps Act Restructuring of the Commodity Futures Trading Commission: Monitor Obama Administration proposals. SEC and money markets: Monitor and see proposed SEC regulations. Mutual funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds, GROWTH Act, S. 1082.

Client expense: $343,560 · Firm income: Not reported

H.R. 3161, S. 1859, Funding for the Office of Generic Drugs, Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act. H.R. 2900, S. 1082, Food and Drug Administration Reform.

Client expense: Not reported · Firm income: $6,500

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 275, Global Online Freedom Act of 2007. H.R. 876, Securing Adolescents from Exploitation-Online Act of 2007. S. 1082, FDA Revitalization Act.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 275, Global Online Freedom Act of 2007. H.R. 876, Securing Adolescents from Exploitation-Online Act or 2007. S. 1082, FDA Revitalization Act.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 2775, Global Online Freedom Act of 2007. H.R. 876, Securing Adolescents from Exploitation-Online Act of 2007. S. 1082, FDA Revitalization Act.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE