A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes.

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H.R. 1068 Let Wall Street Pay for Wall Street's Bailout Act S. 1588 Stop Tax Breaks for Oil Profiteering Act H.R. 3933 Foreign Account Tax Compliance Act H.R. 4191 Let Wall Street Pay for the Restoration of Main Street Act S. 3816 Creating American Jobs and Ending Offshoring Act H.R. 4853 Tax Relief, Unemployments Insurance Reauthorization, and Job Creation Act of 2010 H.R. 6467 Middle Class Tax Relief Act of 2010

Client expense: $670,000 · Firm income: Not reported

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

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H.R. 1068 Let Wall Street Pay for Wall Street's Bailout Act S. 1588 Stop Tax Breaks for Oil Profiteering Act H.R. 3933 Foreign Account Tax Compliance Act H.R. 4191 Let Wall Street Pay for the Restoration of Main Street Act H.R.4213 American Workers, State, and Business Relief Act H.R. 4213 American Jobs and Closing Tax Loopholes Act H.R. 2847 Hiring Incentives to Restore Employment Act H.R. 1586 FAA Air Transportation Modernization and Safety Improvement Act H.R. 5297 Small Business Jobs and Credit Act S. 3816 Creating American Jobs and Ending Offshoring Act

Client expense: $890,000 · Firm income: Not reported

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H.R. 1068 Let Wall Street Pay for Wall Street's Bailout Act S. 1588 Stop Tax Breaks for Oil Profiteering Act H.R. 3933 Foreign Account Tax Compliance Act H.R. 4191 Let Wall Street Pay for the Restoration of Main Street Act H.R.4213 American Workers, State, and Business Relief Act H.R. 2847 Hiring Incentives to Restore Employment Act

Client expense: $980,000 · Firm income: Not reported

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H.R. 1068 Let Wall Street Pay for Wall Street's Bailout Act of 2009 S. 1588 Stop Tax Breaks for Oil Profiteering Act of 2009 H.R. 3933 Foreign Account Tax Compliance Act of 2009 H.R. 4191 Let Wall Street Pay for the Restoration of Main Street Act of 2009 H.R.4213 American Workers, State, and Business Relief Act of 2010 H.R. 2847 Hiring Incentives to Restore Employment Act

Client expense: $1,370,000 · Firm income: Not reported

H.R. 1- Economic Recovery Act, H.R. 3232/S.1661 - Travel Promotion Act, H.R. 683/S. 31/S. 33 - Amendment of Internal Revenue Code of 1986 with respect to proper tax treatment of certian indebtedness discharged in 2009 and 2010 and for other purposes.

Client expense: $376,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), SENATE, White House Office

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H.R. 1068 To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program S. 1588 Stop Tax Breaks for Oil Profiteering Act of 2009 H.R.4213 To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes.

Client expense: $1,180,000 · Firm income: Not reported

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H.R. 1068 To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program S. 1588 Stop Tax Breaks for Oil Profiteering Act of 2009

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

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H.R. 1068 To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program H.R. 1265 To restrict the use of offshore tax havens and abusive tax shelters H.R. 768 To establish a commission on the tax and fiscal implications of the regulation of financial products and arrangements and to study the current financial crisis, its causes and impact on Federal deficit and tax revenues

Client expense: $920,000 · Firm income: Not reported

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H.R. 1068 To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program S. 1588 Stop Tax Breaks for Oil Profiteering Act of 2009

Client expense: $960,000 · Firm income: Not reported

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H.R. 1068 To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program S. 1588 Stop Tax Breaks for Oil Profiteering Act of 2009 H.R.4213 To amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes.

Client expense: $1,080,000 · Firm income: Not reported

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H.R. 1068 To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program H.R. 1265 To restrict the use of offshore tax havens and abusive tax shelters H.R. 768 To establish a commission on the tax and fiscal implications of the regulation of financial products and arrangements and to study the current financial crisis, its causes and impact on Federal deficit and tax revenues

Client expense: $950,000 · Firm income: Not reported

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H. R. 1068 To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program

Client expense: $790,000 · Firm income: Not reported

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H.R. 1068 To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program S. 1588 Stop Tax Breaks for Oil Profiteering Act of 2009

Client expense: $910,000 · Firm income: Not reported

H.R. 1 (P.L. 111-5), American Recovery and Reinvestment Act of 2009 H.R. 101, Economic Recovery Through Responsible Homeownership Act of 2009 H.R. 214, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. H.R. 309, American Heroes' Homeownership Assistance Act of 2009 H.R. 426, Green Roofing Energy Efficiency Tax Act of 2009 H.R. 436, Certain Estate Tax Relief Act of 2009 H.R. 475, To amend the Internal Revenue Code to qualify formerly homeless youth who are students for purposes of low income housing tax credit. H.R. 525, To amend the Internal Revenue Code of 1986 to repeal the recapture rule of the first-time homebuyer credit and to extend the application of the credit through 2009. H.R. 674, Fair Taxes for Seniors Act of 2009 H.R. 755, To amend the Internal Revenue Code of 1986 to exclude from gross income the gain from the sale or exchange of certain residences acquired before 2013. H.R. 802, To amend the Internal Revenue Code of 1986 to extend and modify the first-time homebuyer credit. H.R. 906, Housing Disaster Area Foreclosure Prevention Act of 2009 H.R. 1119, To amend the Internal Revenue Code of 1986 to expand the application of the homebuyer credit, and for other purposes. H.R. 1194, Fire Sprinkler Incentive Act of 2009 H.R. 1245, Homebuyer Tax Credit Act of 2009 H.R. 1301, To amend the Internal Revenue Code of 1986 to suspend the 180-day period for completion of a like-kind exchange in the case of the bankruptcy of a qualified intermediary or an exchange accommodation titleholder. H.R. 1317, To amend the Internal Revenue Code of 1986 to provide a tax credit to individuals who pay their mortgages on time. H.R. 1344, Real Help for Homebuyers Act of 2009 H.R. 1453, To amend the Internal Revenue Code of 1986 to extend and expand the homebuyer tax credit. H.R. 1677, Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act of 2009 H.R. 1716, Property Tax Relief Act of 2009 H.R. 1724, America's Brownfield Cleanup Act 2009 H.R. 1767, Fair Housing Tax Credit Extension Act of 2009 H.R. 1935, To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services. H.R. 2198, To amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain systems installed in nonresidential real property or residential rental property. H.R. 2227, American Conservation and Clean Energy Independence Act H.R. 2615, Energy-Efficient Commercial Roofs Act of 2009 H.R.2649, To amend the Internal Revenue Code of 1986 to modify the new energy efficient home credit and to provide a credit against tax for the purchase of certain energy efficient homes. H.R.2655, To amend the Internal Revenue Code of 1986 to expand and extend the first-time homebuyer credit. H.R.2725, To amend the Internal Revenue Code of 1986 to provide a 5-year extension for the real property standard deduction and to adjust such deduction for inflation. H.R.2756, To amend the Internal Revenue Code of 1986 to allow eligible veterans to use qualified veterans mortgage bonds to refinance home loans, and for other purposes. H.R.2801, To amend the Internal Revenue Code of 1986 to expand and extend the first-time homebuyer credit. H.R.2851, To amend the Internal Revenue Code of 1986 to exclude certain gains on single-family residential rental property from gross income. H.R. 2887, Affordable Housing Preservation Tax Relief Act of 2009 H.R. 2995, Disaster State Housing Recovery Act of 2009 H.R. 2346, Supplemental Appropriations H.R.3178, To amend the Internal Revenue Code of 1986 to allow the expensing of certain real property. H.R.3260, To amend the Internal Revenue Code of 1986 to make the expensing of environmental remediation costs permanent law. H.R.3382, To amend the Internal Revenue Code of 1986 to encourage individuals to purchase building products and home furnishings, and for other purposes. H.R.3440, To amend the Internal Revenue Code of 1986 to allow dealers in real estate to use the installment sales method. H.R.3500, To amend the Internal Revenue Code of 1986 to extend and modify the benefits available in empowerment zones and other tax-incentive areas. H.R.3520, To amend the Internal Revenue Code of 1986 to exclude capital gains on sales and exchanges of residences purchased in a foreclosure sale. H.R.3586, To amend the Internal Revenue Code of 1986 to expand the availability of employee stock ownership plans in S corporations, and for other purposes. H.R.3590, To amend the Internal Revenue Code of 1986 to modify the first-time homebuyers credit in the case of members of the Armed Forces and certain other Federal employees, and for other purposes. H.R.3640, To amend the Internal Revenue Code of 1986 to extend and expand the first-time homebuyers credit and to provide a loss deduction on the sale of a principal residence. H.R.3670, To amend the Internal Revenue Code of 1986 to expand the incentives for the rehabilitation of older buildings, including owner-occupied residences. H.R.3715, To amend the Internal Revenue Code of 1986 to expand the rehabilitation credit, and for other purposes. H.R. 3746, To amend the Internal Revenue Code of 1986 to provide tax incentives for making homes more water-efficient, for building new water-efficient homes, for public water conservation, and for other purposes. H.R. 3747, To promote water efficiency, conservation, and adaptation, and for other purposes. S. 31, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes. S. 33, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes. S. 138, A bill to amend the Internal Revenue Code of 1986 to repeal alternative minimum tax limitations on private activity bond interest, and for other purposes. S. 201, A bill to amend the Internal Revenue Code of 1986 to extend the additional standard deduction for real property taxes for nonitemizers for 2010. S. 249, A bill to amend the Internal Revenue Code of 1986 to qualify formerly homeless youth who are students for purposes of low income tax credit. S. 253, Fix Housing First Homebuyer Tax Credit Act S. 312, First-Time Homebuyers' Tax Credit Act of 2009 S. 1637, A bill to amend the Internal Revenue Code of 1986 to improve and extend certain energy-related tax provisions, and for other purposes. S. 376, Real Estate Mortgage Investment Conduit Improvement Act of 2009 S. 722, Taxpayer Certainty and Relief Act of 2009 S. 740, A bill to amend the Internal Revenue Code of 1986 to expand the homebuyer tax credit, and for other purposes. S. 823, Net Operating Loss (NOL) Carryback Act S.AMDT. 58 to H.R,. 2 To amend the Internal Revenue Code of 1986 to provide a revenue source through the treatment of income of partners for performing investment management services as ordinary income received for performance of services and reduce accordingly the tobacco tax increase as a revenue source. S. AMDT. 106 to H.R. 1, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. S.1583, A bill to amend the Internal Revenue Code of 1986 to extend the new markets tax credit through 2014, and for other purposes. S.1637, A bill to amend the Internal Revenue Code of 1986 to improve and extend certain energy-related tax provisions, and for other purposes. S.1639, A bill to amend the Internal Revenue Code of 1986 to improve and extend certain energy-related tax provisions, and for other purposes. S.1678, A bill to amend the Internal Revenue Code of 1986 to extend the first-time homebuyer tax credit, and for other purposes. S.1711, A bill to amend the Internal Revenue Code of 1986 to provide tax incentives for making homes more water-efficient, for building new water-efficient homes, for public water conservation, and for other purposes. S. 1712, A bill to promote water efficiency, conservation, and adaptation, and for other purposes. S.1728, A bill to amend the Internal Revenue Code of 1986 to modify the first-time homebuyer credit in the case of members of the Armed Forces and certain other Federal employees, and for other purposes. S.1743, A bill to amend the Internal Revenue Code of 1986 to expand the rehabilitation credit, and for other purposes.

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H.R. 1068 To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program H.R. 1265 To restrict the use of offshore tax havens and abusive tax shelters H.R. 768 To establish a commission on the tax and fiscal implications of the regulation of financial products and arrangements and to study the current financial crisis, its causes and impact on Federal deficit and tax revenues

Client expense: $900,000 · Firm income: Not reported

S.31 - Support for inclusion of provision on cancellation of indebtedness. H.R.1 - Support for inclusion of provision on cancellation of indebtedness.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 1 (P.L. 111-5), American Recovery and Reinvestment Act of 2009 H.R. 101, Economic Recovery Through Responsible Homeownership Act of 2009 H.R. 214, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. H.R. 309, American Heroes' Homeownership Assistance Act of 2009 H.R. 426, Green Roofing Energy Efficiency Tax Act of 2009 H.R. 436, Certain Estate Tax Relief Act of 2009 H.R. 475, To amend the Internal Revenue Code to qualify formerly homeless youth who are students for purposes of low income housing tax credit. H.R. 525, To amend the Internal Revenue Code of 1986 to repeal the recapture rule of the first-time homebuyer credit and to extend the application of the credit through 2009. H.R. 674, Fair Taxes for Seniors Act of 2009 H.R. 755, To amend the Internal Revenue Code of 1986 to exclude from gross income the gain from the sale or exchange of certain residences acquired before 2013. H.R. 802, To amend the Internal Revenue Code of 1986 to extend and modify the first-time homebuyer credit. H.R. 906, Housing Disaster Area Foreclosure Prevention Act of 2009 H.R. 1119, To amend the Internal Revenue Code of 1986 to expand the application of the homebuyer credit, and for other purposes. H.R. 1194, Fire Sprinkler Incentive Act of 2009 H.R. 1245, Homebuyer Tax Credit Act of 2009 H.R. 1301, To amend the Internal Revenue Code of 1986 to suspend the 180-day period for completion of a like-kind exchange in the case of the bankruptcy of a qualified intermediary or an exchange accommodation titleholder. H.R. 1317, To amend the Internal Revenue Code of 1986 to provide a tax credit to individuals who pay their mortgages on time. H.R. 1344, Real Help for Homebuyers Act of 2009 H.R. 1453, To amend the Internal Revenue Code of 1986 to extend and expand the homebuyer tax credit. H.R. 1677, Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act of 2009 H.R. 1716, Property Tax Relief Act of 2009 H.R. 1724, America's Brownfield Cleanup Act 2009 H.R. 1767, Fair Housing Tax Credit Extension Act of 2009 H.R. 1935, To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services. H.R. 2198, To amend the Internal Revenue Code of 1986 to provide a shorter recovery period for the depreciation of certain systems installed in nonresidential real property or residential rental property. H.R. 2227, American Conservation and Clean Energy Independence Act H.R. 2615, Energy-Efficient Commercial Roofs Act of 2009 H.R. 2887, Affordable Housing Preservation Tax Relief Act of 2009 H.R. 2995, Disaster State Housing Recovery Act of 2009 H.R. 2346, Supplemental Appropriations S. 31, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes. S. 33, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes. S. 138, A bill to amend the Internal Revenue Code of 1986 to repeal alternative minimum tax limitations on private activity bond interest, and for other purposes. S. 201, A bill to amend the Internal Revenue Code of 1986 to extend the additional standard deduction for real property taxes for nonitemizers for 2010. S. 249, A bill to amend the Internal Revenue Code of 1986 to qualify formerly homeless youth who are students for purposes of low income tax credit. S. 253, Fix Housing First Homebuyer Tax Credit Act S. 312, First-Time Homebuyers' Tax Credit Act of 2009 S. 376, Real Estate Mortgage Investment Conduit Improvement Act of 2009 S. 722, Taxpayer Certainty and Relief Act of 2009 S. 740, A bill to amend the Internal Revenue Code of 1986 to expand the homebuyer tax credit, and for other purposes. S. 823, Net Operating Loss (NOL) Carryback Act S.AMDT. 58 to H.R,. 2 To amend the Internal Revenue Code of 1986 to provide a revenue source through the treatment of income of partners for performing investment management services as ordinary income received for performance of services and reduce accordingly the tobacco tax increase as a revenue source. S. AMDT. 106 to H.R. 1, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.

H.R. 1, American Recovery and Reinvestment Act of 2009, including S. AMDT 570 (In the nature of a substitute) Issues relating to: Build America Bonds, Private Activity Bonds, the State Revolving Fund, and other transportation and infrastructure financing mechanisms, tax reform, estate tax, tax deferral, net operating loss, executive compensation, LIFO, and research & development President Obama's FY 2010 budget Tax provisions of the following: H.R. 2, Children's Health Insurance Program Reauthorization Act of 2009 H.R. 1322, Emergency Retiree Health Benefit Protection Act of 2009 H.R. 1265 / S. 506, Stop Tax Haven Abuse Act S. 722, Taxpayer Certainty and Relief Act of 2009 H. Con Res. 85, Setting forth the congressional budget for the United States Government for fiscal year 2010 and including the appropriate budgetary levels for fiscal years 2009 and 2011 through 2014; includes issues relating to proposed removal of budgetary firewall and mandatory contract authority for the Highway Trust Fund, Army Corps of Engineers funding, and funding for the Airports and Airway Trust Fund and general aviation infrastructure. S. Con Res. 13, An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2010, revising the appropriate budgetary levels for fiscal year 2009, and setting forth the appropriate budgetary levels for fiscal years 2011 through 2014; includes issues relating to proposed removal of budgetary firewall and mandatory contract authority for the Highway Trust Fund, Army Corps of Engineers funding, and funding for the Airports and Airway Trust Fund and general aviation infrastructure. H.R. 507, To amend the Internal Revenue Code of 1986 to allow a temporary dividends received deduction for taxable years beginning in 2008 or 2009. S. 304, Main Street Recovery Act H.R. 384, TARP Reform and Accountability Act of 2009 S. 31/S. 33, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R. 422, A bill 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. 506/H.R. 1265, Stop Tax Haven Abuse Act S. 260, A bill to amend the Internal Revenue Code of 1986 to provide for the taxation of income of controlled foreign corporations attributable to imported property H.R. 275, Withholding Tax Relief Act of 2009 S. 292, Withholding Tax Relief Act of 2009 S. 725, Equity for our Nation's Self-employed Act of 2009 Potential Economic Stimulus Legislation

H.R. 1 (P.L. 111-5), American Recovery and Reinvestment Act of 2009 H.R. 101, Economic Recovery Through Responsible Homeownership Act of 2009 H.R. 214, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases. H.R. 309, American Heroes' Homeownership Assistance Act of 2009 H.R. 426, Green Roofing Energy Efficiency Tax Act of 2009 H.R. 436, Certain Estate Tax Relief Act of 2009 H.R. 475, To amend the Internal Revenue Code to qualify formerly homeless youth who are students for purposes of low income housing tax credit. H.R. 525, To amend the Internal Revenue Code of 1986 to repeal the recapture rule of the first-time homebuyer credit and to extend the application of the credit through 2009. H.R. 674, Fair Taxes for Seniors Act of 2009 H.R. 755, To amend the Internal Revenue Code of 1986 to exclude from gross income the gain from the sale or exchange of certain residences acquired before 2013. H.R. 802, To amend the Internal Revenue Code of 1986 to extend and modify the first-time homebuyer credit. H.R. 906, Housing Disaster Area Foreclosure Prevention Act of 2009 H.R. 1119, To amend the Internal Revenue Code of 1986 to expand the application of the homebuyer credit, and for other purposes. H.R. 1194, Fire Sprinkler Incentive Act of 2009 H.R. 1245, Homebuyer Tax Credit Act of 2009 H.R. 1301, To amend the Internal Revenue Code of 1986 to suspend the 180-day period for completion of a like-kind exchange in the case of the bankruptcy of a qualified intermediary or an exchange accommodation titleholder. H.R. 1317, To amend the Internal Revenue Code of 1986 to provide a tax credit to individuals who pay their mortgages on time. H.R. 1344, Real Help for Homebuyers Act of 2009 H.R. 1453, To amend the Internal Revenue Code of 1986 to extend and expand the homebuyer tax credit. H.R. 1677, Empowerment Zone, Renewal Community and Enterprise Community Enhancement Act of 2009 H.R. 1716, Property Tax Relief Act of 2009 H.R. 1724, America's Brownfield Cleanup Act 2009 H.R. 1767, Fair Housing Tax Credit Extension Act of 2009 H.R. 1935, To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services. S. 31, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes. S. 33, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes. S. 138, A bill to amend the Internal Revenue Code of 1986 to repeal alternative minimum tax limitations on private activity bond interest, and for other purposes. S. 201, A bill to amend the Internal Revenue Code of 1986 to extend the additional standard deduction for real property taxes for nonitemizers for 2010. S. 249, A bill to amend the Internal Revenue Code of 1986 to qualify formerly homeless youth who are students for purposes of low income tax credit. S. 253, Fix Housing First Homebuyer Tax Credit Act S. 312, First-Time Homebuyers' Tax Credit Act of 2009 S. 376, Real Estate Mortgage Investment Conduit Improvement Act of 2009 S. 722, Taxpayer Certainty and Relief Act of 2009 S. 740, A bill to amend the Internal Revenue Code of 1986 to expand the homebuyer tax credit, and for other purposes. S. 823, Net Operating Loss (NOL) Carryback Act S.AMDT. 58 to H.R,. 2 To amend the Internal Revenue Code of 1986 to provide a revenue source through the treatment of income of partners for performing investment management services as ordinary income received for performance of services and reduce accordingly the tobacco tax increase as a revenue source. S. AMDT. 106 to H.R. 1, To amend the Internal Revenue Code of 1986 to provide a Federal income tax credit for certain home purchases.

S. 31-Support for inclusion of provision on cancellation of indebtedness. H.R. 1-Support for inclusion of provision on cancellation of indebtedness.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S. 31 -Support for inclusion of provision on cancellation of indebtedness. H.R.1- Support for inclusion of provision on cancellation of indebtedness.

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

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. S. 506 Stop Tax Haven Abuse Act S. 31 To amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R.1935 To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services H. R. 1068 To amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to the extent required to recoup the net cost of the Troubled Asset Relief Program

Client expense: $750,000 · Firm income: Not reported

Re-introduction of the Sales Tax Fairness and Simplification Act. Modification of the Foreign Investment in Real Property Tax Act (FIRPTA) to facilitate foreign equity investment in the U.S. real estate market and changes to cancellation of debt income tax rules. S. 31 and S. 33, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes, all provisions. Changes to tax laws regarding Real Estate Mortgage Investment Conduits (REMICs). H.R. 1, American Recovery and Reinvestment Act of 2009, provisions related to proper tax treatment of certain indebtedness discharged in 2009 or 2010. H.R. 1935, To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services, all provisions.

Client expense: $510,000 · Firm income: Not reported

H.R. 1, American Recovery and Reinvestment Act of 2009, including S. AMDT 570 (In the nature of a substitute) Issues relating to: Build America Bonds, Private Activity Bonds, the State Revolving Fund, and other transportation and infrastructure financing mechanisms, tax reform, estate tax, tax deferral, net operating loss, executive compensation, LIFO, and research & development President Obama's FY 2010 budget Tax provisions of the following: H.R. 2, Children's Health Insurance Program Reauthorization Act of 2009 H.R. 1322, Emergency Retiree Health Benefit Protection Act of 2009 H.R. 1265 / S. 506, Stop Tax Haven Abuse Act S. 722, Taxpayer Certainty and Relief Act of 2009 H. Con Res. 85, Setting forth the congressional budget for the United States Government for fiscal year 2010 and including the appropriate budgetary levels for fiscal years 2009 and 2011 through 2014; includes issues relating to proposed removal of budgetary firewall and mandatory contract authority for the Highway Trust Fund, Army Corps of Engineers funding, and funding for the Airports and Airway Trust Fund and general aviation infrastructure. S. Con Res. 13, An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2010, revising the appropriate budgetary levels for fiscal year 2009, and setting forth the appropriate budgetary levels for fiscal years 2011 through 2014; includes issues relating to proposed removal of budgetary firewall and mandatory contract authority for the Highway Trust Fund, Army Corps of Engineers funding, and funding for the Airports and Airway Trust Fund and general aviation infrastructure. H.R. 507, To amend the Internal Revenue Code of 1986 to allow a temporary dividends received deduction for taxable years beginning in 2008 or 2009. S. 304, Main Street Recovery Act H.R. 384, TARP Reform and Accountability Act of 2009 S. 31/S. 33, A bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010, and for other purposes H.R. 422, A bill 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. 506/H.R. 1265, Stop Tax Haven Abuse Act S. 260, A bill to amend the Internal Revenue Code of 1986 to provide for the taxation of income of controlled foreign corporations attributable to imported property H.R. 275, Withholding Tax Relief Act of 2009 S. 292, Withholding Tax Relief Act of 2009 S. 725, Equity for our Nation's Self-employed Act of 2009 Potential Economic Stimulus Legislation

H.R. 1 - Economic Recovery Act H.R. 3232/S. 1661 - Travel Promotion Act H.R. 683/S. 31/S. 33 - Amendment of Internal Revenue Code of 1986 with respect to proper tax treatment of certain indebtedness discharged in 2009 and 2010 and for other purposes.

Client expense: $376,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Interior, Dept of (DOI), SENATE, White House Office

To Be Introduced, "The Mainstreet Fairness Act," to promote simplification and fairness in the administration and collection of sales and use taxes. All provisions. A bill to amend the Internal Revenue Code of 1986 to permanently extend the 15 year recovery period for the certain leasehold improvements. H.R.174, America's Brownfield Cleanup Act of 2009, amends the Internal Revenue Code of 1986 to provide tax incentives for the remediation of contaminated sites. To Be Introduced, amends the Internal Revenue Code of 1986 to make the expensing of environmental remediation costs permanent law and to repeat the recapture of such expenses under Section 1254 of such code. H.R.1935, amends the Internal Revenue Code of 1986 provides for the treatment of partnership interests held by partners providing services. H.R.561, S.293, S.823, a bill to allow five year carry-back of operating losses and for other purposes. H.R.598, H.R.1, American Recovery of Reinvestment Act of 2009. S.31, S.533, H.R.683, a bill to amend the Internal Revenue Code of 1986 with respect to the proper tax treatment of certain indebtedness discharged in 2009 or 2010 and for other purposes. Regulatory change in the rules for Real Estate Mortgage and Investment Conduits for Commercial Real Estate.

Client expense: $250,000 · Firm income: Not reported

S.31-Support for this legislation addressing the cancellation of indebtedness. H.R. 1- Support for inclusion of provision on cancellation of indebtedness.

Client expense: Not reported · Firm income: Not reported