Regulated Investment Company Modernization Act of 2010

S. 1082 GROWTH Act S. 1297 Retirement Security for Life Act of 2009 (annuities) S. 3793 Job Creation and Tax Cuts Act of 2010 (flow-through) S. 3948 Regulated Investment Company Modernization Act of 2010 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. 4337 Regulated Investment Company Modernization Act of 2010 H.R. 4853 Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (capital gains/dividends, flow-through)

Client expense: $997,907 · Firm income: Not reported

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

Tax and retirement issues including lifetime payout of annuities and 401K fee issues, taxation of insurance products, and related-party reinsurance issues. H.R.1961 - Savings for American Families' Future Act of 2009 - savings incentives provisions H.R.2748 - Retirement Security Needs Lifetime Pay Act - all provisions S.1297 - Retirement Security for Life Act all provisions Administration FY2010 and FY2011 revenue proposals - Insurance-specific revenue proposals including the reduction in TRIA federal obligation provision, STOLI transactions, dividends received deduction (DRD), corporate owned life insurance (COLI), and auto-IRA savings provisions H.R.2110 - the Mobile Workforce State Income Tax Fairness and Simplification Act all provisions H.R.2452 - Net Operating Loss (NOL) Carry-Back Act all provisions H.R.3424 - To amend the Internal Revenue Code of 1986 to disallow the deduction for excess non-taxed reinsurance premiums with respect to United States risks paid to affiliates - related party reinsurance issues H.R. 4191 Let Wall Street Pay for the Restoration of Main Street Act of 2009 - all provisions Senate Tax Extenders taxation of carried interest, revenue raisers H.R.4213 Tax Extenders Act of 2009 revenue raisers, taxation of carried interest Financial Crisis Responsibility Fee (Administration Proposal) revenue provisions H.R. 3424 - To amend the Internal Revenue Code of 1986 to disallow the deduction for excess non-taxed reinsurance premiums with respect to United States risks paid to affiliates all provisions H.R.4213 - American Jobs and Closing Tax Loopholes Act of 2010 - Temporary extension of the NFIP H.R.4337/S.3948 Regulated Investment Company Modernization Act all provisions S.3946 - Small Business Paperwork Relief Act 1099 reporting provisions H.R.5297 - Small Business Jobs Act of 2010 1009 reporting provisions, including S.Amdt. 4595 and S.Amdt.4596

Client expense: $710,000 · Firm income: Not reported

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

S 350 An original bill to provide for a portion of the economic recovery package relating to revenue measures, unemployment, and health. HR 436 To amend the Internal Revenue Code of 1986 to repeal the new carryover basis rules in order to prevent tax increases and the imposition of compliance burdens on many more estates than would benefit from repeal, to retain the estate tax with a $3,500,000 exemption, and for other purposes. H.R. 1944 to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income H.R.4154: To amend the Internal Revenue Code of 1986 to repeal the new carryover basis rules in order to prevent tax increases and the imposition of compliance burdens on many more estates than would benefit from repeal, to retain the estate tax with a $3,500,000 exemption, to reinstitute and update the Pay-As-You-Go requirement of budget neutrality on new tax and mandatory spending legislation, enforced by the threat of annual, automatic sequestration. HR 4191 Securities Transaction Tax bill would impose a transaction tax of 0.25 percent on stock transactions and 0.02 percent on futures, swaps, and credit default swaps. H.R.4213: To amend the Internal Revenue Code of 1986 to extend certain expiring provisions H.R.4337/S 3948: Regulated Investment Company Modernization Act of 2009 - certain tax rules applicable to funds to similar rules applicable to individuals or real estate investment trusts. H.R.4853 - Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act To amend the Internal Revenue Code of 1986 to extend the funding and expenditure authority of the Airport and Airway Trust Fund, to amend title 49, United States Code, to extend authorizations for the airport improvement program, and for other purposes. S.722 A bill to amend the Internal Revenue Code of 1986 to provide for permanent alternative minimum tax relief, middle class tax relief, and estate tax relief, and to permanently extend certain expiring provisions, and for other purposes. S. 1007 to amend the Internal Revenue Code of 1986 to deny a deduction for excessive compensation of any employee of an employer S. 2927, to amend the Internal Revenue Code of 1986 to impose a tax on certain securities transactions to fund job creation and deficit reduction, and for other purposes;

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

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)