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Community Bank Regulatory Relief Act
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vs 5,086 other S bills in the 116th — cohort avg 30d
Community Bank Regulatory Relief Act This bill delays required compliance with certain accounting standards applicable to credit losses (i.e., current expected credit losses standards, also known as CECL standards). Specifically, no agency may require a person to comply with this standard with respect to a fiscal year beginning before December 31, 2024. Additionally, the community bank leverage ratio is set at 8% for community banks seeking to satisfy simplified capital adequacy requirements. Currently, banking agencies are required to set the rate between 8% and 10% through rulemaking.
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Filing registrants (9)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
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Sources: Congress.gov
2024 · third_quarter · Banking
CBAI Federal Policy Priorities - The Community Bankers Association of Illinois (CBAI) supports fair competition for financial services, tiered regulations, the separation of banking and commerce, the dual banking system/charter choice, and financial innovation; and opposes discrimination favoring certain financial service providers, banking industry consolidation, and systemic risk. Based on these guiding principles, CBAI has identified the following 2023 Federal Legislative and Regulatory Policy Priorities, which if implemented, will help community banks thrive and better serve their customers and communities. Traditional Issues, Opportunities and Concerns Additional Meaningful Regulatory Relief for Community Banks The importance of community banks cannot be overstated, and they serve their customers and communities honestly and with respect. CBAI joins the ICBA in supporting a more efficient system of rules and regulations, unbiased laws governing the financial sector, a safer and more secure business environment, and more efficient agricultural policies to support the nations economic growth and development in all parts of the country. Community Bank Position on Credit Unions and Their Expanded Powers Credit unions have long since strayed from their founding purpose of serving individuals of modest means and with a common bond. They blatantly abuse their competitive advantages and are virtually indistinguishable from tax-paying community banks. Credit union acquisitions of community banks is a recent and disturbing trend that negatively impacts all taxpayers. An exit fee should be imposed on these acquisitions. This escalation of credit unions abusing of their tax-exemption should prompt Congress to act now. This abuse is an existential threat to community banks and the communities they serve. Community Bank Position on the Farm Credit System and its Expanded Powers The Farm Credit System (FCS) has long since strayed from its founding purposes, blatantly abusing its competitive advantages against community banks. The FCS is the only GSE that competes directly with community banks. This blatant and continuing discrimination against community banks must end and FCS competitive advantages must be reined-in, and the playing field leveled for community banks. Enhanced Data, Cyber and Payment Card Security (Data Security) Enhanced security standards should be enforced through a tiered system where the more restrictive rules and are imposed on the largest and most critical members of the financial system and economy where their lapses pose the greatest threat to the largest number of consumers. Core data security principals in standards enacted by legislation and regulations must include the complete cost of data breaches being borne by that party that caused the breach; all participants should be subject to verifiable Gramm-Leach-Bliley Act-like data security standards; and any new data security standard proposals should ensure that community banks are not overburdened with redundant standards. Consumer Financial Protection Bureau (CFPB) Reform and Meaningful Exemptions for Community Banks Regulations promulgated by the CFPB must provide community banks with the flexibility to meet the needs of its customers and they must not be burdened with additional and unnecessary regulatory requirements that would prevent them from serving their customers and communities. A one-size-fits-all approach to CFPB regulations harms the successful community bank business model. In reforming the CFPB, the single Director governance should be replaced by a five-member board or commission; a broader definition of firms that grant credit should be subject to the CFPB rules, these firm should be robustly supervised and examined; and the focus of any enhanced regulation of financial products should be on the mega banks and financial firms, the unregulated shadow financial industry and emerging Fintech companies. The CFPB has the statutory authority under the Dodd-Frank Act to exempt any class of providers [community banks] or any products or services from the rules it writes, but to-date the Bureau has been far too reticent to do so. The effective use of this authority will ensure community banks continue to be a healthy alternative to large banks and non-banks for consumers seeking to use responsible financial service providers. De Novo Community Bank Formation, the Dual Banking System and Charter Choice Newly chartered (de novo) community banks are vitally important to maintaining a strong, growing, evolving and vibrant profession in the face of banking industry consolidation. Many new banks must be chartered each year to help maintain the vitality of the community banking profession. The dual banking system, where chartering and supervision is divided between the federal government and the states, is important and must be maintained. Community banks should be able to choose the banking charter that best fits their unique business model. A banking system with multi-agency (state and federal) regulators and charter choice provides the necessary checks and balances as well as improved rulemaking on complex issues. Sound Principles for Housing Government Sponsored Entity (GSE) Reform The seemingly endless and ongoing period of government ownership and control of Fannie and Freddie must come to an end. GSE reform remains critically important to the future of the housing market and the U.S. economy. Community banks depend on the GSE for direct access to the secondary market. The GSEs must provide a steady and reliable source of funding for home mortgage lending for lenders of all sizes and through all economic cycles. This is particularly critical to maintaining liquidity when the markets are experiencing financial stress. Financial Transaction Tax Tax laws should encourage and promote robust economic activity and a thriving community banking sector, not impose new bank-specific fees, punitive new levies, transaction taxes, limitations on the deductibility of expenses, revenue offsets or pay-fors that target the banking industry. Rather, there should be parity among all financial service providers; there should be tax incentives for community banks serving low- and moderate-income individuals, small businesses, and small farms; and there should be a tax credit equivalent to the cost of community bank compliance with BSA compliance. Responsible Bank Merger Activity New bank merger legislation or regulation should not apply to community banks. Rather, policymakers should seriously consider the impact on our financial system, economy, and American taxpayers by allowing the nations mega banks, which are too big and unable to fail, to become even larger and more interconnected. Current Issues, Opportunities and Concerns Bank Regulators Involvement in Resolving Reimbursement for Fraudulently Altered Returned Checks CBAIs member community banks have been experiencing a pernicious and growing problem with reimbursements for fraudulently altered checks drawn on their customers accounts. The problem can be accurately summarized as being caused by the nations largest banks and credit union, where these checks were deposited in fraudulent accounts, which is harming community banks and their customers, in addition to undermining the publics confidence in the nations banking and financial system. CBAI has urged the regulators to get involved and address this problem. Finally Address the Risks of Too-Big-To-Fail (and now Too-Big-To-Not-Completely-Insure) Banks and Financial Firms to Protect Our Financial System, the Economy, and American Taxpayers from Future Bailouts TBTF The financial crisis, taxpayer bailouts, and subsequent recession was caused by the misconduct of the nations largest banks and financial firms. These megabanks have proven, at great cost to American taxpayers, that they cannot be effectively managed, supervised or disciplined. They are clearly too-big-to-change, too-big-to-fail and must be downsized. TBTNCI The recent failures of two large banks in early 2023, and the FDIC insuring 100% of their uninsured deposits, have raised new concerns about deposit insurance and have prompted calls for broader FDIC reforms. If systemically important financial institutions (SIFIs) cause losses to the Deposit Insurance Fund (DIF) then SIFIs should be responsible for reimbursing the DIF for those losses. Legitimate Bank Service Charges and Fees are not Exploitive and Junk Fees CBAI does not support overdraft policies and practices that abuse consumers. Policymakers must accept that it is the consumers responsibility to always know their account balance and not write checks or initiate debit transactions that would overdraw their account. The cost for processing overdrafts may include returning the item or paying the overdraft which creates the equivalent of an unauthorized, unsecured, and interest-free loan. Effectively managing risks associated with overdrafts is a safety and soundness regulatory requirement. Realistic Perspective on Financial Inclusion CBAI supports government initiatives that educate consumers and encourage financial inclusion, but it is not the proper role of government to provide banking services direct to individuals either through the Federal Reserve, state-owned public banks, or the U.S. Postal Service. Providing banking services to individuals and businesses is the proper role of the private-sector banking system. Government can assist the private sector in financial inclusion efforts especially to low- and middle-income consumers, which are those most likely to be un- or underbanked. Governments Unnecessary Intrusion into Banking and Lending Which Displaces Community Banks. SBA Direct Lending Community banks and the SBA have a long, beneficial, and cooperative private sector/public sector relationship, where SBA does not compete with banks in lending to small businesses. Direct SBA lending would violate this tradition. Community banks are far superior in establishing and prudently underwriting commercial lending relationships. The SBA originating and disbursing 7(a) loans will put billions of taxpayer dollars at risk of loss. Postal Banking Postal banking is misguided and any entry of the USPS (Postal Service) into banking services is a significant government-sponsored, competitive threat to the viability of tax-paying community banks. Public Banking Public banking (i.e., publicly owned banks) is misguided and is a significant government-sponsored, competitive threat to the viability of tax-paying community banks. Responsible Regulation of Digital Assets - Cryptocurrency, Central Bank Digital Currency (CBDC), and Stablecoins The risks posed by digital assets are enormous, as well as the consequences for monetary policy, our financial system, and the banking industry (i.e., disintermediation.). They also pose threats to the privacy and security of consumers and small businesses. Of great concern is that there is no single regulator responsible for this rapidly growing sector which combines elements of currency, payments, and investments, and there is insufficient transparency and lack of accountability in this ecosystem. Policymakers must cooperate and collaborate in the development and implementation of a comprehensive approach to ensure a consistent Federal regulatory framework that does not permit digital assets to threaten the essential and highly successful business model of regulated and responsible community banks. Federal Home Loan Banks in their Comprehensive Review Most community banks are members and shareholders of their regional Federal Home Loan Bank (FHLB). The FHLBs provide short-term liquidity, long-term funding, mortgage-related products, and other financial services in order to help their members provide affordable credit to the local communities they serve. The regional structure, special functions, and unique purpose of the FHLBs must be recognized and maintained by the Federal Housing Finance Agency (FHFA). As the Administration and Congress consider reforming the housing finance system, care must be taken not to harm the FHLBs. They must remain healthy, stable, and reliable sources of funding for their members. The results of the Comprehensive Review by the FHFA should not disrupt the cooperative structure, regional nature, special functions, and the unique purposes of the FHLBanks. Reasonable Rules and Implementation Small Business Data Collection (CFPB) Small business lending data clearly suggests fair lending is not a problem at community banks as they treat their customers honestly and fairly. The regulatory burden of these collection and reporting requirements falls disproportionately hard on community banks, and community banks should be provided with meaningful exemptions in this rulemaking. Customer Data Sharing (CFPB) Community banks are financially sound and take great care in protecting consumer privacy. Non-bank entities must be held responsible for ensuring the safety of the customer information they are accessing and to be able to satisfy the liability for any financial harm which they cause community banks and their consumers. Modernizing the Community Reinvestment Act (CRA) (OCC, Federal Reserve and FDIC) The modernization of the CRA must enhance the ability of community banks to serve their communities and must not impose any additional regulatory burden. All financial service providers must be subject to the CRA to provide a complete picture of every financial institutions performance in serving their communities. A modernization of the CRA that does not encompass credit unions, Farm Credit System lenders and Fintechs (including the OCCs Special Purpose National Banks) will be a sham. Reporting Beneficial Ownership Information (FinCEN) Provisions in the NDAA in the 116th Congress shifted the burden of collecting and reporting beneficial ownership to FinCEN. This transfer must be accomplished completely and expeditiously. Safe Harbor for Banking Cannabis-Related Businesses Without taking a position on the legalization of cannabis, a safe harbor from federal sanctions for financial institutions that choose to serve legally compliant cannabis-related business in states where cannabis is legal is a matter of public safety and should be permitted. Closing the Industrial Loan Company (ILC) Regulatory Loophole ILCs represent the unacceptable mixing of banking and commerce. They pose risks to the financial system, our economy and American taxpayers. ILCs are the functional equivalent of banks and should be properly regulated. The loophole permits their holding companies from being supervised and regulated by the Federal Reserve - and must be closed. Agriculture and Rural America A vibrant rural economy is vital to Americas prosperity. The multi-year Farm Bill provided a strong safety net for farmers and ranchers including adequate price-protection programs and enhanced USDA-guaranteed farm and business loan programs. These programs must be protected from cuts or any adverse changes that would discourage farmer and rancher participation or undermine private-sector delivery. Federal Reserves Role in Payments System Improvement (FedNow Service) A fast and secure payments system is the very foundation of financial services and the economy and must be modernized. The payments system must not be monopolized by The Clearing House and its 25 large bank owners that endangered our financial system and the entire economy during the financial crisis. Community banks, small businesses and consumers must rely on the Federal Reserve to provide access to a safe and secure payments system. The Federal Reserve must be supported in its development of the FedNow Service to ensure that all participants have access to a real-time system on a fair and impartial basis. Appropriate Regulations of Fintechs and Innovation in Financial Services Financial innovation presents community banks with challenges and opportunities which they are rising to meet. Policymakers should reasonably assist community banks to prepare for this new and evolving era, not pose any unreasonable requirements, and not give fintechs any competitive advantages over community banks by subjecting them to lesser regulatory requirements. IRS Reporting Plan The various proposed IRS reporting requirements are unprecedented, misguided, raise serious concerns about government overreach, and is an invasion of their financial privacy. If implemented, they will damage the trusted and beneficial relationship between community banks and their customers. If the IRS wants to ensure greater compliance with tax laws, it can be accomplished by more appropriately using the existing tools and the wealth of information it currently possesses. Harmful Climate Risk Regulations CBAI opposes any climate change regulations that will adversely impact community banks and their ability to support their customers and communities including setting hard lending concentration limits on lending to fossil fuel or other carbon-intensive industries, stress testing or scenario analysis based on adverse climate change assumptions, and capital requirements based on climate risks. Community bankers high-contact and relationship-based lending model together with the soon-to-be-implemented Current Expected Credit Loss model, will incorporate material risk assumptions in estimating loan losses - including climate risks. Additional separate climate risk stress testing, concentration limits, and capital requirements for community banks are duplicative and unnecessary. (House and Senate) Legislation and Regulation - S. 3502 (and Amendment 2358 to the NDA) - Homebuyers Privacy Protection Act (Senate) (All Sections) and H.R. 7297 - Trigger Leads Abatement Act (House) (All Sections) are bills to prohibit credit reporting agencies from providing a credit report not initiated by a consumer if the report is being provided on the basis that the consumer has had a credit inquiry regarding a home mortgage loan. This practice, known as producing a trigger lead, provides notice to other mortgage lenders that the consumer is seeking a mortgage loan. (Senate and House) H.R. 9303 and S. 4943 (All Sections) to protect consumers who are defrauded when they make payments (House and Senate) EGRPRA - Oral Comments During the EGRPRA Review concerning Anti Money Laundering, CTR and SAR reporting thresholds, Beneficial Ownership Interest reporting to FinCEN, and check fraud (FDIC, OCC, Federal Reserve) Letters - Comment Letter to the FHFA regarding Request for Input: Federal Home Loan Bank core mission and mission achievement (FHFA, FDIC, OCC, Federal Reserve) Comment Letter to the CFPB Regarding Proposed Rule - Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information [Debt] - Docket No. CFPB-2024-0023 and RIN 3170-AA54 (CFPB, FDIC, OCC, Federal Reserve) Action Alerts - Action Alert - Urge the Senate to pass S. 3502 (and Amendment 2358 to the NDA) - Homebuyers Privacy Protection Act (All Sections) a bill to prohibit credit reporting agencies from providing a credit report not initiated by a consumer if the report is being provided on the basis that the consumer has had a credit inquiry regarding a home mortgage loan. This practice, known as producing a trigger lead, provides notice to other mortgage lenders that the consumer is seeking a mortgage loan. (Senate) Miscellaneous - Deposit Check Fraud - The prompt and reasonable reimbursements for community banks from the largest banks for fraudulently altered return checks, and the largest banks opening fraudulent accounts into which fraud items are being deposited, including - joint supervisory guidance addressed to the largest banks for their apparent management and compliance lapses, enhanced supervision, regulation and enforcement against the largest banks for CDD and CIP compliance (OCC)
Client expense: $65,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE
2024 · third_quarter · Financial Institutions/Investments/Securities
CBAI Federal Policy Priorities - The Community Bankers Association of Illinois (CBAI) supports fair competition for financial services, tiered regulations, the separation of banking and commerce, the dual banking system/charter choice, and financial innovation; and opposes discrimination favoring certain financial service providers, banking industry consolidation, and systemic risk. Based on these guiding principles, CBAI has identified the following 2023 Federal Legislative and Regulatory Policy Priorities, which if implemented, will help community banks thrive and better serve their customers and communities. Traditional Issues, Opportunities and Concerns Additional Meaningful Regulatory Relief for Community Banks The importance of community banks cannot be overstated, and they serve their customers and communities honestly and with respect. CBAI joins the ICBA in supporting a more efficient system of rules and regulations, unbiased laws governing the financial sector, a safer and more secure business environment, and more efficient agricultural policies to support the nations economic growth and development in all parts of the country. Community Bank Position on Credit Unions and Their Expanded Powers Credit unions have long since strayed from their founding purpose of serving individuals of modest means and with a common bond. They blatantly abuse their competitive advantages and are virtually indistinguishable from tax-paying community banks. Credit union acquisitions of community banks is a recent and disturbing trend that negatively impacts all taxpayers. An exit fee should be imposed on these acquisitions. This escalation of credit unions abusing of their tax-exemption should prompt Congress to act now. This abuse is an existential threat to community banks and the communities they serve. Community Bank Position on the Farm Credit System and its Expanded Powers The Farm Credit System (FCS) has long since strayed from its founding purposes, blatantly abusing its competitive advantages against community banks. The FCS is the only GSE that competes directly with community banks. This blatant and continuing discrimination against community banks must end and FCS competitive advantages must be reined-in, and the playing field leveled for community banks. Enhanced Data, Cyber and Payment Card Security (Data Security) Enhanced security standards should be enforced through a tiered system where the more restrictive rules and are imposed on the largest and most critical members of the financial system and economy where their lapses pose the greatest threat to the largest number of consumers. Core data security principals in standards enacted by legislation and regulations must include the complete cost of data breaches being borne by that party that caused the breach; all participants should be subject to verifiable Gramm-Leach-Bliley Act-like data security standards; and any new data security standard proposals should ensure that community banks are not overburdened with redundant standards. Consumer Financial Protection Bureau (CFPB) Reform and Meaningful Exemptions for Community Banks Regulations promulgated by the CFPB must provide community banks with the flexibility to meet the needs of its customers and they must not be burdened with additional and unnecessary regulatory requirements that would prevent them from serving their customers and communities. A one-size-fits-all approach to CFPB regulations harms the successful community bank business model. In reforming the CFPB, the single Director governance should be replaced by a five-member board or commission; a broader definition of firms that grant credit should be subject to the CFPB rules, these firm should be robustly supervised and examined; and the focus of any enhanced regulation of financial products should be on the mega banks and financial firms, the unregulated shadow financial industry and emerging Fintech companies. The CFPB has the statutory authority under the Dodd-Frank Act to exempt any class of providers [community banks] or any products or services from the rules it writes, but to-date the Bureau has been far too reticent to do so. The effective use of this authority will ensure community banks continue to be a healthy alternative to large banks and non-banks for consumers seeking to use responsible financial service providers. De Novo Community Bank Formation, the Dual Banking System and Charter Choice Newly chartered (de novo) community banks are vitally important to maintaining a strong, growing, evolving and vibrant profession in the face of banking industry consolidation. Many new banks must be chartered each year to help maintain the vitality of the community banking profession. The dual banking system, where chartering and supervision is divided between the federal government and the states, is important and must be maintained. Community banks should be able to choose the banking charter that best fits their unique business model. A banking system with multi-agency (state and federal) regulators and charter choice provides the necessary checks and balances as well as improved rulemaking on complex issues. Sound Principles for Housing Government Sponsored Entity (GSE) Reform The seemingly endless and ongoing period of government ownership and control of Fannie and Freddie must come to an end. GSE reform remains critically important to the future of the housing market and the U.S. economy. Community banks depend on the GSE for direct access to the secondary market. The GSEs must provide a steady and reliable source of funding for home mortgage lending for lenders of all sizes and through all economic cycles. This is particularly critical to maintaining liquidity when the markets are experiencing financial stress. Financial Transaction Tax Tax laws should encourage and promote robust economic activity and a thriving community banking sector, not impose new bank-specific fees, punitive new levies, transaction taxes, limitations on the deductibility of expenses, revenue offsets or pay-fors that target the banking industry. Rather, there should be parity among all financial service providers; there should be tax incentives for community banks serving low- and moderate-income individuals, small businesses, and small farms; and there should be a tax credit equivalent to the cost of community bank compliance with BSA compliance. Responsible Bank Merger Activity New bank merger legislation or regulation should not apply to community banks. Rather, policymakers should seriously consider the impact on our financial system, economy, and American taxpayers by allowing the nations mega banks, which are too big and unable to fail, to become even larger and more interconnected. Current Issues, Opportunities and Concerns Bank Regulators Involvement in Resolving Reimbursement for Fraudulently Altered Returned Checks CBAIs member community banks have been experiencing a pernicious and growing problem with reimbursements for fraudulently altered checks drawn on their customers accounts. The problem can be accurately summarized as being caused by the nations largest banks and credit union, where these checks were deposited in fraudulent accounts, which is harming community banks and their customers, in addition to undermining the publics confidence in the nations banking and financial system. CBAI has urged the regulators to get involved and address this problem. Finally Address the Risks of Too-Big-To-Fail (and now Too-Big-To-Not-Completely-Insure) Banks and Financial Firms to Protect Our Financial System, the Economy, and American Taxpayers from Future Bailouts TBTF The financial crisis, taxpayer bailouts, and subsequent recession was caused by the misconduct of the nations largest banks and financial firms. These megabanks have proven, at great cost to American taxpayers, that they cannot be effectively managed, supervised or disciplined. They are clearly too-big-to-change, too-big-to-fail and must be downsized. TBTNCI The recent failures of two large banks in early 2023, and the FDIC insuring 100% of their uninsured deposits, have raised new concerns about deposit insurance and have prompted calls for broader FDIC reforms. If systemically important financial institutions (SIFIs) cause losses to the Deposit Insurance Fund (DIF) then SIFIs should be responsible for reimbursing the DIF for those losses. Legitimate Bank Service Charges and Fees are not Exploitive and Junk Fees CBAI does not support overdraft policies and practices that abuse consumers. Policymakers must accept that it is the consumers responsibility to always know their account balance and not write checks or initiate debit transactions that would overdraw their account. The cost for processing overdrafts may include returning the item or paying the overdraft which creates the equivalent of an unauthorized, unsecured, and interest-free loan. Effectively managing risks associated with overdrafts is a safety and soundness regulatory requirement. Realistic Perspective on Financial Inclusion CBAI supports government initiatives that educate consumers and encourage financial inclusion, but it is not the proper role of government to provide banking services direct to individuals either through the Federal Reserve, state-owned public banks, or the U.S. Postal Service. Providing banking services to individuals and businesses is the proper role of the private-sector banking system. Government can assist the private sector in financial inclusion efforts especially to low- and middle-income consumers, which are those most likely to be un- or underbanked. Governments Unnecessary Intrusion into Banking and Lending Which Displaces Community Banks. SBA Direct Lending Community banks and the SBA have a long, beneficial, and cooperative private sector/public sector relationship, where SBA does not compete with banks in lending to small businesses. Direct SBA lending would violate this tradition. Community banks are far superior in establishing and prudently underwriting commercial lending relationships. The SBA originating and disbursing 7(a) loans will put billions of taxpayer dollars at risk of loss. Postal Banking Postal banking is misguided and any entry of the USPS (Postal Service) into banking services is a significant government-sponsored, competitive threat to the viability of tax-paying community banks. Public Banking Public banking (i.e., publicly owned banks) is misguided and is a significant government-sponsored, competitive threat to the viability of tax-paying community banks. Responsible Regulation of Digital Assets - Cryptocurrency, Central Bank Digital Currency (CBDC), and Stablecoins The risks posed by digital assets are enormous, as well as the consequences for monetary policy, our financial system, and the banking industry (i.e., disintermediation.). They also pose threats to the privacy and security of consumers and small businesses. Of great concern is that there is no single regulator responsible for this rapidly growing sector which combines elements of currency, payments, and investments, and there is insufficient transparency and lack of accountability in this ecosystem. Policymakers must cooperate and collaborate in the development and implementation of a comprehensive approach to ensure a consistent Federal regulatory framework that does not permit digital assets to threaten the essential and highly successful business model of regulated and responsible community banks. Federal Home Loan Banks in their Comprehensive Review Most community banks are members and shareholders of their regional Federal Home Loan Bank (FHLB). The FHLBs provide short-term liquidity, long-term funding, mortgage-related products, and other financial services in order to help their members provide affordable credit to the local communities they serve. The regional structure, special functions, and unique purpose of the FHLBs must be recognized and maintained by the Federal Housing Finance Agency (FHFA). As the Administration and Congress consider reforming the housing finance system, care must be taken not to harm the FHLBs. They must remain healthy, stable, and reliable sources of funding for their members. The results of the Comprehensive Review by the FHFA should not disrupt the cooperative structure, regional nature, special functions, and the unique purposes of the FHLBanks. Reasonable Rules and Implementation Small Business Data Collection (CFPB) Small business lending data clearly suggests fair lending is not a problem at community banks as they treat their customers honestly and fairly. The regulatory burden of these collection and reporting requirements falls disproportionately hard on community banks, and community banks should be provided with meaningful exemptions in this rulemaking. Customer Data Sharing (CFPB) Community banks are financially sound and take great care in protecting consumer privacy. Non-bank entities must be held responsible for ensuring the safety of the customer information they are accessing and to be able to satisfy the liability for any financial harm which they cause community banks and their consumers. Modernizing the Community Reinvestment Act (CRA) (OCC, Federal Reserve and FDIC) The modernization of the CRA must enhance the ability of community banks to serve their communities and must not impose any additional regulatory burden. All financial service providers must be subject to the CRA to provide a complete picture of every financial institutions performance in serving their communities. A modernization of the CRA that does not encompass credit unions, Farm Credit System lenders and Fintechs (including the OCCs Special Purpose National Banks) will be a sham. Reporting Beneficial Ownership Information (FinCEN) Provisions in the NDAA in the 116th Congress shifted the burden of collecting and reporting beneficial ownership to FinCEN. This transfer must be accomplished completely and expeditiously. Safe Harbor for Banking Cannabis-Related Businesses Without taking a position on the legalization of cannabis, a safe harbor from federal sanctions for financial institutions that choose to serve legally compliant cannabis-related business in states where cannabis is legal is a matter of public safety and should be permitted. Closing the Industrial Loan Company (ILC) Regulatory Loophole ILCs represent the unacceptable mixing of banking and commerce. They pose risks to the financial system, our economy and American taxpayers. ILCs are the functional equivalent of banks and should be properly regulated. The loophole permits their holding companies from being supervised and regulated by the Federal Reserve - and must be closed. Agriculture and Rural America A vibrant rural economy is vital to Americas prosperity. The multi-year Farm Bill provided a strong safety net for farmers and ranchers including adequate price-protection programs and enhanced USDA-guaranteed farm and business loan programs. These programs must be protected from cuts or any adverse changes that would discourage farmer and rancher participation or undermine private-sector delivery. Federal Reserves Role in Payments System Improvement (FedNow Service) A fast and secure payments system is the very foundation of financial services and the economy and must be modernized. The payments system must not be monopolized by The Clearing House and its 25 large bank owners that endangered our financial system and the entire economy during the financial crisis. Community banks, small businesses and consumers must rely on the Federal Reserve to provide access to a safe and secure payments system. The Federal Reserve must be supported in its development of the FedNow Service to ensure that all participants have access to a real-time system on a fair and impartial basis. Appropriate Regulations of Fintechs and Innovation in Financial Services Financial innovation presents community banks with challenges and opportunities which they are rising to meet. Policymakers should reasonably assist community banks to prepare for this new and evolving era, not pose any unreasonable requirements, and not give fintechs any competitive advantages over community banks by subjecting them to lesser regulatory requirements. IRS Reporting Plan The various proposed IRS reporting requirements are unprecedented, misguided, raise serious concerns about government overreach, and is an invasion of their financial privacy. If implemented, they will damage the trusted and beneficial relationship between community banks and their customers. If the IRS wants to ensure greater compliance with tax laws, it can be accomplished by more appropriately using the existing tools and the wealth of information it currently possesses. Harmful Climate Risk Regulations CBAI opposes any climate change regulations that will adversely impact community banks and their ability to support their customers and communities including setting hard lending concentration limits on lending to fossil fuel or other carbon-intensive industries, stress testing or scenario analysis based on adverse climate change assumptions, and capital requirements based on climate risks. Community bankers high-contact and relationship-based lending model together with the soon-to-be-implemented Current Expected Credit Loss model, will incorporate material risk assumptions in estimating loan losses - including climate risks. Additional separate climate risk stress testing, concentration limits, and capital requirements for community banks are duplicative and unnecessary. (House and Senate) Legislation and Regulation - S. 3502 (and Amendment 2358 to the NDA) - Homebuyers Privacy Protection Act (Senate) (All Sections) and H.R. 7297 - Trigger Leads Abatement Act (House) (All Sections) are bills to prohibit credit reporting agencies from providing a credit report not initiated by a consumer if the report is being provided on the basis that the consumer has had a credit inquiry regarding a home mortgage loan. This practice, known as producing a trigger lead, provides notice to other mortgage lenders that the consumer is seeking a mortgage loan. (Senate and House) H.R. 9303 and S. 4943 (All Sections) to protect consumers who are defrauded when they make payments (House and Senate) EGRPRA - Oral Comments During the EGRPRA Review concerning Anti Money Laundering, CTR and SAR reporting thresholds, Beneficial Ownership Interest reporting to FinCEN, and check fraud (FDIC, OCC, Federal Reserve) Letters - Comment Letter to the FHFA regarding Request for Input: Federal Home Loan Bank core mission and mission achievement (FHFA, FDIC, OCC, Federal Reserve) Comment Letter to the CFPB Regarding Proposed Rule - Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information [Debt] - Docket No. CFPB-2024-0023 and RIN 3170-AA54 (CFPB, FDIC, OCC, Federal Reserve) Action Alerts - Action Alert - Urge the Senate to pass S. 3502 (and Amendment 2358 to the NDA) - Homebuyers Privacy Protection Act (All Sections) a bill to prohibit credit reporting agencies from providing a credit report not initiated by a consumer if the report is being provided on the basis that the consumer has had a credit inquiry regarding a home mortgage loan. This practice, known as producing a trigger lead, provides notice to other mortgage lenders that the consumer is seeking a mortgage loan. (Senate) Miscellaneous - Deposit Check Fraud - The prompt and reasonable reimbursements for community banks from the largest banks for fraudulently altered return checks, and the largest banks opening fraudulent accounts into which fraud items are being deposited, including - joint supervisory guidance addressed to the largest banks for their apparent management and compliance lapses, enhanced supervision, regulation and enforcement against the largest banks for CDD and CIP compliance (OCC)
Client expense: $65,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE
2024 · second_quarter · Banking
H.R. 758 Promoting Access to Capital in Underbanked Communities Act of 2023 H.R. 1165 Financial Data Privacy Act of 2023 H.R. 1806 Small LENDER Act H.R. 1810 Bank Loan Privacy Act H.R. 2656 Trigger Leads Abatement Act H.R. 2891 SAFER Banking Act of 2023 H.R. 3161 CDFI Fund Transparency Act H.R. 3881 Credit Card Competition Act of 2023 H.R. 4035 Protecting Small Business Information Act of 2023 H.R. 4198 To amend section 604(c) of the Fair Credit Reporting Act to address the treatment of pre-screening report requests, and for other purposes. H.R. 4346 Small Bank Holding Company Relief Act H.R. 4766 Clarity for Payment Stablecoins Act of 2023 H.R. 5403 CBDC Anti-Surveillance State Act H.R. 6398 Financial Institution Regulatory Tailoring Enhancement Act H.R. 6789 Rectifying Undefined Descriptions of Abusive Act and Practices Act H.R. 7297 Homebuyers Privacy Protection Act H.R. 7420 Ensuring Diversity in Community Banking Act H.R. 7483 Expanding Opportunity for MDIs Act H.R. 7531 Secure Payments Act H.R. 8152 American Data Privacy and Protection Act H.R. 8264 Bank Supervision Appeals Improvement Act H.R. 8337 Bank Resilience and Regulatory Improvement Act H.R. 8338 Clarity in Lending Act H.R. 8818 American Privacy Rights Act H.J. Res 122 Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Credit Card Penalty Fees (Regulation Z)". S. 1323 SAFE Banking Act of 2023 S. 1838 Credit Card Competition Act of 2023; Durbin Amendment on Debit Card Routing; Extension to Credit Cards S. 2281 Lummis-Gillibrand Responsible Financial Innovation Act S. 2860 SAFER Banking Act S. 3502 Homeowners Privacy Protection Act (Trigger Leads) S. 3538 Close the Shadow Banking Loophole Act S. 3801 CBDC Anti-Surveillance State Act S. 4155 Lummis -Gillibrand Payment Stablecoin Act S. 4570 Secure Payments Act S.J. Res 70 Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Credit Card Penalty Fees (Regulation Z) Anti-money laundering regulation - digital assets Artificial Intelligence Bank Merger Competitive Review Guidelines Bank-fintech partnerships Beneficial Ownership Cannabis Banking Central Bank Digital Currency Check Fraud Climate Risk Disclosure Requirements Climate Related Financial Regulation Community Bank Access to Capital Community Development Financial Institutions Certification Community Reinvestment Act Credit Card Routing Mandates Credit Reporting Credit Union Acquisitions of Community Banks Credit Union Business Lending Powers Credit Union Field of Membership Rules Crypto Assets, Decentralized Finance, and Central Bank Digital Currency Cryptocurrency Regulation Data Privacy De Novo Bank Formation Debit Card Interchange Fees and Routing Deposit insurance reform Digital Assets Regulation EGRPRA Review FHFA Capital Rules Flood Insurance Implementation of Dodd Frank Act Section 1071 Implementation issues with the Anti-Money Laundering Act of 2020 Industrial Loan Company Charter Policy Instant Payments Issues associated with the Federal Reserves discount window NSF and Overdraft Fees Open Banking / Dodd-Frank Section 1033 Opposing the SBAs proposal to repeal the moratorium on the number of Small Business Lending Companies (SBLC) that are permitted to make 7(a) loans. Request for hearing on unfair Credit Union Competition Request that the CFPBs FCRA Rulemaking Process be Subject to an Advanced Notice of Proposed Rulemaking (ANPR) before it Publishes a Notice of Proposed Rulemaking (NPRM) SBA Direct 7(a) Direct Lending Stablecoin, Crypto Currency Regulatory Policy
Client expense: $705,730 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of
2024 · first_quarter · Banking
H.R. 758 Promoting Access to Capital in Underbanked Communities Act of 2023 H.R. 1122 Central Bank Digital Currency Anti-Surveillance State Act H.R. 1165 Financial Data Privacy Act of 2023 H.R. 1806 Small LENDER Act H.R. 1810 Bank Loan Privacy Act H.R. 2656 Trigger Leads Abatement Act H.R. 2891 SAFER Banking Act of 2023 H.R. 3161, CDFI Fund Transparency Act H.R. 3881 Credit Card Competition Act of 2023 H.R. 4035, Protecting Small Business Information Act of 2023 H.R. 4198 To amend section 604(c) of the Fair Credit Reporting Act to address the treatment of pre-screening report requests, and for other purposes. H.R. 4366 Further Consolidated Appropriations Act, 2024 - Credit Card Competition Act Amendment H.R. 4766 Clarity for Payment Stablecoins Act of 2023 H.R. 5403, CBDC Anti-Surveillance State Act H.R. 6789 - Rectifying Undefined Descriptions of Abusive Act and Practices Act H.R. 7297 Homebuyers Privacy Protection Act H.R. 7420 Ensuring Diversity in Community Banking Act H.R. 7483, Expanding Opportunity for MDIs Act H.R. 7531 Secure Payments Act H.J.Res.121 Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Credit Card Penalty Fees (Regulation Z)" H.J. Res 122 Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Credit Card Penalty Fees (Regulation Z)". S. 1323 SAFE Banking Act of 2023 S. 1838 Credit Card Competition Act of 2023; Durbin Amendment on Debit Card Routing; Extension to Credit Cards S. 2190 RECOUP Act S. 2281 Lummis-Gillibrand Responsible Financial Innovation Act S. 2760, The Capping Credit Card Interest Rates Act S. 2860 SAFER Banking Act S. 3502 Homeowners Privacy Protection Act (Trigger Leads) S. 3538 Close the Shadow Banking Loophole Act S. 3801 CBDC Anti-Surveillance State Act S.J. Res. 32 A Resolution of Disapproval under the Congressional Review Act Re: Dodd-Frank Section 1071 Anti-money laundering regulation - digital assets Artificial Intelligence Beneficial Ownership Cannabis Banking Central Bank Digital Currency Check Fraud Climate Risk Disclosure Requirements Climate Related Financial Regulation Community Bank Access to Capital Community Development Financial Institutions Certification Community Reinvestment Act Credit Card Routing Mandates Credit Reporting Credit Union Acquisitions of Community Banks Credit Union Business Lending Powers Credit Union Field of Membership Rules Crypto Assets, Decentralized Finance, and Central Bank Digital Currency Cryptocurrency Regulation De Novo Bank Formation Debit Card Interchange Fees and Routing Deposit insurance reform Digital Assets Regulation Dodd Frank Act 1071- Small Business Loan Data Collection EGRPRA Review FDIC Guidelines for Establishing Standards for Corporate Governance and Risk Management for Covered Institutions with Total Consolidated Assets of $10 Billion or More FHFA Capital Rules Flood Insurance Implementation of Dodd Frank Act Section 1071 Implementation issues with the Anti-Money Laundering Act of 2020 Industrial Loan Company Charter Policy Instant Payments Interest rate caps Issues associated with the Federal Reserves discount window NSF and Overdraft Fees Opposing the SBAs proposal to repeal the moratorium on the number of Small Business Lending Companies (SBLC) that are permitted to make 7(a) loans. Request for hearing on unfair Credit Union Competition Request that the CFPBs FCRA Rulemaking Process be Subject to an Advanced Notice of Proposed Rulemaking (ANPR) before it Publishes a Notice of Proposed Rulemaking (NPRM) SBA Direct 7(a) Direct Lending Special Purpose Credit Programs (SPCPs) Stablecoin, Crypto Currency Regulatory Policy
Client expense: $760,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of
2020 · third_quarter · Financial Institutions/Investments/Securities
Implementation of Public Law 115-174 (S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act: entire bill, including Social Security Administration to modernize verification system); Tax reform (Tax Cuts and Jobs Act of the 115th Congress): issues related to net operating loss (NOL) carryback provision; Issues relating to the Consumer Financial Protection Bureau, including ESIGN (S. 4159, E-SIGN Modernization Act of 2020); Issues relating to the Financial Stability Oversight Council and the Federal Accounting Standards Boards Current Expected Credit Loss (CECL) standards (S. 1564 - Continued Encouragement for Consumer Lending Act and H.R. 3182 - CECL Consumer Impact and Study Bill of 2019), S.3502 - Community Bank Regulatory Relief Act, H. R. 748 - CARES Act; Issues relating to consumer credit, including H. R. 5050 - Veterans and Consumers Fair Credit Act; Issues relating to privacy (no bill); Issues relating to data security (no bill); Issues relating to cybersecurity of the financial services industry (no bill); Issues relating to FCC interpretations of the Telephone Consumer Protection Act (TCPA) (no bill) Issues related to data aggregation (no bill) Issues related to diversity and inclusion (no bill) Financial Services Industry use of the Covered Business Method program at the U.S. Patent Office (no bill) Industrial Loan Company Issues (no bill)
Client expense: $240,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Banking
Implementation of Public Law 115-174 (S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act: entire bill, including Social Security Administration to modernize verification system); Tax reform (Tax Cuts and Jobs Act of the 115th Congress): issues related to net operating loss (NOL) carryback provision; Issues relating to the Consumer Financial Protection Bureau, including ESIGN (S. 4159 E-SIGN Modernization Act of 2020); Issues relating to the Financial Stability Oversight Council and the Federal Accounting Standards Boards Current Expected Credit Loss (CECL) standards (S. 1564 - Continued Encouragement for Consumer Lending Act and H.R. 3182 - CECL Consumer Impact and Study Bill of 2019); S.3502 - Community Bank Regulatory Relief Act, H. R. 748 - CARES Act; Issues relating to consumer credit, including H. R. 5050 - Veterans and Consumers Fair Credit Act; Issues relating to privacy (no bill); Issues relating to data security (no bill); Issues relating to cybersecurity of the financial services industry (no bill); Issues relating to FCC interpretations of the Telephone Consumer Protection Act (TCPA) (no bill) Issues related to diversity and inclusion (no bill) Financial Services Industry use of the Covered Business Method program at the U.S. Patent Office (no bill) Industrial Loan Company Issues (no bill)
Client expense: $240,000 · Firm income: Not reported
2020 · fourth_quarter · Banking
Implementation of Public Law 115-174 (S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act: entire bill, including Social Security Administration to modernize verification system); Tax reform (Tax Cuts and Jobs Act of the 115th Congress): issues related to net operating loss (NOL) carryback provision; Issues relating to the Consumer Financial Protection Bureau, including ESIGN (S. 4159 E-SIGN Modernization Act of 2020); Issues relating to the Financial Stability Oversight Council and the Federal Accounting Standards Boards Current Expected Credit Loss (CECL) standards (S. 1564 - Continued Encouragement for Consumer Lending Act and H.R. 3182 - CECL Consumer Impact and Study Bill of 2019); S.3502 - Community Bank Regulatory Relief Act, H. R. 748 - CARES Act; Issues relating to consumer credit, including H. R. 5050 - Veterans and Consumers Fair Credit Act; Issues relating to privacy (no bill); Issues relating to data security (no bill); Issues relating to cybersecurity of the financial services industry (no bill); Issues relating to FCC interpretations of the Telephone Consumer Protection Act (TCPA) (no bill) Issues related to diversity and inclusion (no bill) Financial Services Industry use of the Covered Business Method program at the U.S. Patent Office (no bill) Industrial Loan Company Issues (no bill)
Client expense: $210,000 · Firm income: Not reported
2020 · fourth_quarter · Financial Institutions/Investments/Securities
Implementation of Public Law 115-174 (S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act: entire bill, including Social Security Administration to modernize verification system); Tax reform (Tax Cuts and Jobs Act of the 115th Congress): issues related to net operating loss (NOL) carryback provision; Issues relating to the Consumer Financial Protection Bureau, including ESIGN (S. 4159, E-SIGN Modernization Act of 2020); Issues relating to the Financial Stability Oversight Council and the Federal Accounting Standards Boards Current Expected Credit Loss (CECL) standards (S. 1564 - Continued Encouragement for Consumer Lending Act and H.R. 3182 - CECL Consumer Impact and Study Bill of 2019), S.3502 - Community Bank Regulatory Relief Act, H. R. 748 - CARES Act; Issues relating to consumer credit, including H. R. 5050 - Veterans and Consumers Fair Credit Act; Issues relating to H.R. 8235, the Open Courts Act Issues relating to privacy (no bill); Issues relating to data security (no bill); Issues relating to cybersecurity of the financial services industry (no bill); Issues relating to FCC interpretations of the Telephone Consumer Protection Act (TCPA) (no bill) Issues related to diversity and inclusion (no bill) Financial Services Industry use of the Covered Business Method program at the U.S. Patent Office (no bill) Industrial Loan Company Issues (no bill)
Client expense: $210,000 · Firm income: Not reported
2020 · fourth_quarter · Banking
Issues related to banking regulatory reform: -Implementation of S. 2155 (from 115th Congress) -HR 1500 - Consumers First Act -Issues related to Current Expected Credit Loss -HR 3182 - CECL Consumer Impact and Study Bill of 2019 -HR 6800 - The Heroes Act -Issues related to BSA/AML -S.2563 ILLICIT CASH Act -HR 1018 - Improving Corporate Governance Through Diversity Act -HR 3278 - Diversity in Corporate Leadership Act -Issues related to arbitration -HR 327 - Ending Forced Arbitration for Victims of Data Breaches Act of 2019 -Issues related to interest rate caps -HR 5050 Veterans and Consumers Fair Credit Act -S 3548 - CARES Act -HR 6216 - Emergency Assistance for Student Borrowers Act -S. 3502 - The Community Bank Regulatory Relief Act -HR 6395 - National Defense Authorization Act for Fiscal Year 2021(issues related to banking) -HR 5332 - Protecting Your Credit Score Act of 2020 -S. 375 - Payment Integrity Information Act of 2019 -HR 3621 - Comprehensive CREDIT Act of 2020 -S. 2961 - Data Care Act of 2019 -HR 3948 - Debt Collection Practices Harmonization Act -HR 4813 - Keep Big Tech Out Of Finance Act -S 2685 - Consumer Credit Control Act of 2019 -Issues related to unfair, deceptive, and abusive acts and practices -Issues related to financial innovation -Issues related to financial literacy -Issues related to the Community Reinvestment Act -Issues related to brokered deposits -Issues related to debt collection -Issues related to artificial intelligence -Issues related to interest rate exportation -Issues related to small business data collection -Issues related to modernized disclosures -Issues related to privacy -Issues related to Covid-19 Relief
Client expense: $550,000 · Firm income: Not reported
2020 · fourth_quarter · Accounting
H.R. 133 Consolidated Appropriations Act H.R. 748 CARES Act H.R. 925 Updated HEROES Act H.R. 3182 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard H.R. 6249 Coronavirus Accounting Relief Act H.R. 6385 To provide temporary relief from troubled debt restructuring disclosures, to delay the implementation of certain accounting standards for depository institutions substantially affected by COVID-19, and for other purposes. H.R. 7914 Eliminating CECL Accounting Standards Act S. 1564 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard S. 3502 Community Bank Regulatory Relief Act, Accounting Provisions S. 3548 CARES Act, Accounting Provisions Accounting for Paycheck Protection Program Loan Processing Fees Current Expected Credit Losses (CECL) Standard
Client expense: $960,000 · Firm income: Not reported
2020 · fourth_quarter · Banking
H.R. 113 Consolidated Appropriations Act H.R. 388 Financial Reporting Threshold Modernization H.R. 442 Financial Protection for Our Military Families Act H.R. 748 CARES Act H.R. 925 Updated Heroes Act H.R. 1038 Treasury Dept. to take greater role in Anti-Money Laundering/CFT policy and examinations H.R. 1039 Streamline Currency Transaction Reports and Suspicious Activity Reports H.R. 1595 SAFE Banking Act H.R. 2513 Reforms collection of beneficial ownership information for corporations and LLCs H.R. 3182 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard-CECL Consumer Impact and Study Act of 2019 H.R. 3642 Improving Credit Reporting for All Consumers Act H.R. 5315 Expanding Opportunity in Minority Depository Institutions Act H.R. 5322 Ensuring Diversity in Community Banking Act of 2019 H.R. 6249 Coronavirus Accounting Relief Act H.R. 6364 SECURE Notarization Act H. R. 6385 To provide temporary relief from troubled debt restructuring disclosures, to delay the implementation of certain accounting standards for depository Institutions substantially affected by COVID-19, and for other purposes. H.R. 6395 National Defense Authorization Act for Fiscal Year 2021 H.R. 6776 JOBS Credit Act of 2020 H.R. 6800 HEROES Act H.R. 6821 Small Business Expense Protection Act of 2020 H.R. 7010 Payment Protection Program Flexibility Act of 2020 H.R. 7413 Calculate PPP Forgiveness Act H.R. 7668 FY2021 FSGG Appropriations (Banking amendment provisions) H.R. 7709 Jobs and Neighborhood Enhancement Act H.R. 7777 The Paycheck Protection Small Business Forgiveness Act H.R. 7894 The Paycheck Protection Program Small Business Enhancement Act H.R. 7993 Promoting and Advancing Communities of Color Through Inclusive Lending Act H.R. 8215 Improving Digital Identity Act of 2020 H.R. 8337 Continuing Appropriations Act 2021 (Banking amendment provisions) H.R. 8410 Promoting and Advancing Capital in Underbanked Communities Act H.R. 8631 EIDL Forgiveness Act H.R. 8675 Preventing Regulatory Penalties for PPP Lenders Act H.J. Res 90 Providing for Congressional disapproval of the OCC rule relating to Community Reinvestment Act Regulation S. 1200 SAFE Banking Act S. 1233 Community Bank Access to Capital Act S. 1564 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard S. 2563 Illicit Cash Act S. 2839 Eliminating Corporate Shadow Banking Act of 2019 S. 3502 Community Bank Regulatory Relief Act S. 3533 SECURE Notarization Act S. 3548 CARES Act S. 3612 Small Business Expense Protection Act of 2020 S. 3774 Community Capital Investment Act S. 3841 To protect 2020 recovery rebates for individuals from assignment or garnishment S. 3962 Asset Growth Restriction Act of 2020 S. 4014 Prioritized Paycheck Protection Program Act S. 4049 National Defense Authorization Act for Fiscal Year 2021. Section 2885 creates parity between credit unions and banks located on bases. S. 4116 Reauthorize lending under the Payment Protection Program S. 4117 The Paycheck Protection Program Small Business Forgiveness Act S. 4159 E-SIGN Modernization Act S. 4171 Calculate PPP Forgiveness Act of 2020 S. 4255 Jobs and Neighborhood Enhancement Act S. 4614 Postal Banking Act S. 4914 Prioritized Paycheck Protection Program Act S. 4626 SAFE Data Act S. 4644 - A bill to amend the Federal Deposit Insurance Act to ensure that certain custodial deposits of well capitalized insured depository institutions are not considered to be funds obtained by or through deposit brokers S. 4818 HEROES Small Business Lifeline Act S. 4875 Good Faith PPP Borrowers and Lenders Act S. 4885 EIDL Protection Act S. 4927 EIDL Forgiveness Act Bank Capital and Accounting Relief Bank Secrecy Act/Anti-Money Laundering Rules/Legislation, including Beneficial Ownership Issue Bank Secrecy Act Filing Deadline Extension Request During COVID-19 Emergency Brokered Deposits Call Report Streamlining Cannabis Banking CARES Act, Economic Impact Payments CARES Act, Paycheck Protection Program Implementation Community Bank Access to Capital Community Bank Leverage Ratio Community Development Financial Institutions (CDFI) Fund Appropriations Community Reinvestment Act Modernization Credit Union Business Lending Powers Credit Union Field of Membership Rules Credit Union Growth/Powers/Abusive Behavior Credit Union Acquisitions of Community Banks Credit Union Supplemental Capital Current Expected Credit Losses (CECL) Customer Data Access Customer Due Diligence Rule Cybersecurity Data Security, Breaches and Privacy De novo bank formation Equal treatment between community banks and credit unions when assessing rent and related charges on military bases Exclusion of Paycheck Protection Program Loans from Calculation of Bank Asset Thresholds Faster Payments/Federal Reserve Real Time Gross Settlement System Figure Bank, N.A. Charter Application Fintech Regulatory Requirements Flood Insurance Reauthorization Industrial Loan Corporation Loophole Reforms/Rakuten Deposit Insurance Applications Innovation Initiatives (FinTech/Banking Relationships) Interest Rate Caps Loan Modifications: Regulatory Treatment Main Street Lending Program Minority Depository Institutions Issues Money Transmission Mortgage servicer liquidity facility OCC Proposed Payments Charter Postal Banking Regulatory Burden Relief for Community Banks Regulatory and Tax Relief for Community Banks SBA 7(a) Loan Program Funding and Terms Troubled Debt Restructuring
2020 · fourth_quarter · Banking
Bank On Brokered Deposits H.R. 741, TAILOR Act H.R. 133, Consolidated Appropriations Act, 2021 H.R. 189, Financial Institution Customer Protection Act of 2019 H.R. 1595, the Secure and Fair Enforcement (SAFE) Banking Act of 2019 H.R. 3619, Appraisal Fee Transparency Act of 2019 H.R. 5194 / S. 2903 /, Climate Change Financial Risk Act of 2019 H.R. 5315, the Expanding Opportunities for Minority Depository Institutions (MDIs) Act H.R. 5322, the Ensuring Diversity in Community Banking Act of 2019 S. 1200, Secure and Fair Enforcement Banking (SAFE) Act of 2019 S. 1233, Community Bank Access to Capital Sec. 2821 of S. 1790, National Defense Authorization Act of 2020 Section 2885 of S. 4049, National Defense Authorization Act for Fiscal Year 2021 S. 2839, Eliminating Corporate Shadow Banking Act of 2019 Sections 4011 and 4012 of H.R. 748/ S. 3548, CARES Act H.R. 748/ S.3548, CARES Act S___, Immediate Measures to Protect Against COVID-19 Threats (IMPACT) for Small Business Act of 2020 S. 3502, The Community Bank Regulatory Relief Act S. 3962, Asset Growth Restriction Act of 2020 S. 3841, A bill to protect 2020 recovery rebates for individuals from assignment or garnishment, and for other purposes. S. 4159, E-SIGN Modernization Act of 2020 H.R. 6800, HEROES Act H. J. Res. 90, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to Community Reinvestment Act Regulations Central Bank Digital Currency
Client expense: $2,940,000 · Firm income: Not reported
2020 · fourth_quarter · Banking
H.R.3885 - To amend the Bank Holding Company Act of 1956 to defer part of the compensation of senior employees of large bank holding companies (and their subsidiaries) for 10 years, to use such deferred amounts to pay any civil or criminal fines that may be levied on the bank holding company (or subsidiary), and for other purposes (Tulsi Gabbard, D-HI-2) H.R.5180 - To amend the Bank Holding Company Act of 1956 to restore the separation between banking and commerce by prohibiting bank holding company ownership of nonfinancial assets, and for other purposes (Jesus Garcia, D-IL-4) H.R.6249 - To temporarily prohibit the Federal financial regulators from requiring compliance with the CECL Rule by persons impacted by Coronavirus, and for other purpose (Blaine Luetkemeyer, R-MO-3) S.3502 - A bill to delay the implementation date of the current expected credit losses methodology for estimating allowances for credit losses, and for other purposes (Kevin Cramer, R-ND) S.4270 - A bill to amend the CARES Act to ensure that the temporary relief from CECL standards does not terminate in the middle of a company's fiscal year (Thom Tillis, R-NC) H.R.7914 - To specify that no person shall be required to comply with the CECL Rule under any Federal statute or regulation (Blaine Luetkemeyer, R-MO-3) S.4835 - A bill to prohibit bank holding companies from facilitating fossil fuel production from new sources or new or expanded fossil infrastructure that would drive such production, and for other purposes (Jeff Merkley, D-OR) S.2563 - ILLICIT CASH Act - To improve laws relating to money laundering, and for other purposes (Mark Warner, D-VA)
Client expense: $470,000 · Firm income: Not reported
2020 · third_quarter · Accounting
S. 1564 - Continued Encouragement for Consumer Lending Act, H.R. 3182 CECL Consumer Impact and Study Bill of 2019. P.L. 116-93 - Continuing Appropriations Act, 2020. H.R. 4565 - Responsible Accounting Standards Act of 2019. Issues relating to whether the FASBs accounting support fees are subject to sequestration - no specific legislation. Issues relating to the accounting standard-setting process generally - no specific legislation. Issues related to CECL and accounting standards including H.R. 6074 - Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020; H.R. 6201 - Families First Coronavirus Response Act; H.R. 6379 - Take Responsibility for Workers and Families Act; P.L. 116-136 - Coronavirus Aid, Relief, and Economic Security (CARES) Act; H.R. 6800 - The HEROES Act; H.R. 6551 - CARES Section 4014 and S. 3502 - Community Bank Regulatory Relief Act.
Client expense: Not reported · Firm income: $60,000
2020 · third_quarter · Financial Institutions/Investments/Securities
Implementation of Public Law 115-174 (S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act: entire bill, including Social Security Administration to modernize verification system); Tax reform (Tax Cuts and Jobs Act of the 115th Congress): issues related to net operating loss (NOL) carryback provision; Issues relating to the Consumer Financial Protection Bureau, including ESIGN (S. 4159, E-SIGN Modernization Act of 2020); Issues relating to the Financial Stability Oversight Council and the Federal Accounting Standards Boards Current Expected Credit Loss (CECL) standards (S. 1564 - Continued Encouragement for Consumer Lending Act and H.R. 3182 - CECL Consumer Impact and Study Bill of 2019), S.3502 - Community Bank Regulatory Relief Act, H. R. 748 - CARES Act; Issues relating to consumer credit, including H. R. 5050 - Veterans and Consumers Fair Credit Act; Issues relating to privacy (no bill); Issues relating to data security (no bill); Issues relating to cybersecurity of the financial services industry (no bill); Issues relating to FCC interpretations of the Telephone Consumer Protection Act (TCPA) (no bill) Issues related to data aggregation (no bill) Issues related to diversity and inclusion (no bill) Financial Services Industry use of the Covered Business Method program at the U.S. Patent Office (no bill) Industrial Loan Company Issues (no bill)
Client expense: $220,000 · Firm income: Not reported
2020 · third_quarter · Banking
Implementation of Public Law 115-174 (S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act: entire bill, including Social Security Administration to modernize verification system); Tax reform (Tax Cuts and Jobs Act of the 115th Congress): issues related to net operating loss (NOL) carryback provision; Issues relating to the Consumer Financial Protection Bureau, including ESIGN (S. 4159 E-SIGN Modernization Act of 2020); Issues relating to the Financial Stability Oversight Council and the Federal Accounting Standards Boards Current Expected Credit Loss (CECL) standards (S. 1564 - Continued Encouragement for Consumer Lending Act and H.R. 3182 - CECL Consumer Impact and Study Bill of 2019); S.3502 - Community Bank Regulatory Relief Act, H. R. 748 - CARES Act; Issues relating to consumer credit, including H. R. 5050 - Veterans and Consumers Fair Credit Act; Issues relating to privacy (no bill); Issues relating to data security (no bill); Issues relating to cybersecurity of the financial services industry (no bill); Issues relating to FCC interpretations of the Telephone Consumer Protection Act (TCPA) (no bill) Issues related to diversity and inclusion (no bill) Financial Services Industry use of the Covered Business Method program at the U.S. Patent Office (no bill) Industrial Loan Company Issues (no bill)
Client expense: $220,000 · Firm income: Not reported
2020 · third_quarter · Banking
Issues related to banking regulatory reform: -Implementation of S. 2155 (from 115th Congress) -HR 1500 - Consumers First Act -Issues related to Current Expected Credit Loss -HR 3182 - CECL Consumer Impact and Study Bill of 2019 -HR 6800 - The Heroes Act -Issues related to BSA/AML -S.2563 ILLICIT CASH Act -HR 1018 - Improving Corporate Governance Through Diversity Act -HR 3278 - Diversity in Corporate Leadership Act -Issues related to arbitration -HR 327 - Ending Forced Arbitration for Victims of Data Breaches Act of 2019 -Issues related to interest rate caps -HR 5050 Veterans and Consumers Fair Credit Act -S 3548 - CARES Act -HR 6216 - Emergency Assistance for Student Borrowers Act -S. 3502 - The Community Bank Regulatory Relief Act -HR 6395 - National Defense Authorization Act for Fiscal Year 2021(issues related to banking) -HR 5332 - Protecting Your Credit Score Act of 2020 -S. 375 - Payment Integrity Information Act of 2019 -HR 3621 - Comprehensive CREDIT Act of 2020 -S. 2961 - Data Care Act of 2019 -HR 3948 - Debt Collection Practices Harmonization Act -HR 4813 - Keep Big Tech Out Of Finance Act -S 2685 - Consumer Credit Control Act of 2019 -HR 1602 - TRACED ACT -S. 819 - Federal Communications Commission Reporting Modernization Act of 2019 -Issues related to unfair, deceptive, and abusive acts and practices -Issues related to financial innovation -Issues related to financial literacy -Issues related to the Community Reinvestment Act -Issues related to brokered deposits -Issues related to debt collection -Issues related to artificial intelligence -Issues related to interest rate exportation -Issues related to small business data collection -Issues related to modernized disclosures -Issues related to privacy -Issues related to Covid-19 Relief
Client expense: $600,000 · Firm income: Not reported
2020 · third_quarter · Banking
Brokered Deposits H.R. 741, TAILOR Act H.R. 189, Financial Institution Customer Protection Act of 2019 H.R. 1595, the Secure and Fair Enforcement (SAFE) Banking Act of 2019 H.R. 3619, Appraisal Fee Transparency Act of 2019 H.R. 5194 / S. 2903 /, Climate Change Financial Risk Act of 2019 H.R. 5315, the Expanding Opportunities for Minority Depository Institutions (MDIs) Act H.R. 5322, the Ensuring Diversity in Community Banking Act of 2019 S. 1200, Secure and Fair Enforcement Banking (SAFE) Act of 2019 S. 1233, Community Bank Access to Capital Sec. 2821 of S. 1790, National Defense Authorization Act of 2020 Section 2885 of S. 4049, National Defense Authorization Act for Fiscal Year 2021 S. 2839, Eliminating Corporate Shadow Banking Act of 2019 H.R. 748/ S.3548, CARES Act S___, Immediate Measures to Protect Against COVID-19 Threats (IMPACT) for Small Business Act of 2020 S. 3502, The Community Bank Regulatory Relief Act S. 3962, Asset Growth Restriction Act of 2020 S. 3841, A bill to protect 2020 recovery rebates for individuals from assignment or garnishment, and for other purposes. S. 4159, E-SIGN Modernization Act of 2020 H.R. 6800, HEROES Act H. J. Res. 90, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to Community Reinvestment Act Regulations Central Bank Digital Currency
Client expense: $2,930,000 · Firm income: Not reported
2020 · third_quarter · Accounting
H.R. 748 CARES Act H.R. 3182 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard H.R. 6249 Coronavirus Accounting Relief Act H. R. 6385 To provide temporary relief from troubled debt restructuring disclosures, to delay the implementation of certain accounting standards for depository institutions substantially affected by COVID-19, and for other purposes. H.R. 6551 CARES Act Section 4014 Technical Corrections Act H.R. 7914 Eliminating CECL Accounting Standards Act S. 1564 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard S. 3502 Community Bank Regulatory Relief Act, Accounting Provisions S. 3548 CARES Act, Accounting Provisions Accounting for Paycheck Protection Program Loan Processing Fees Current Expected Credit Losses (CECL) Standard
Client expense: $840,000 · Firm income: Not reported
2020 · third_quarter · Banking
H.R. 388 Financial Reporting Threshold Modernization H.R. 442 Financial Protection for Our Military Families Act H.R. 748 CARES Act H.R. 925 Updated Heroes Act H.R. 1038 Treasury Dept. to take greater role in Anti-Money Laundering/CFT policy and examinations H.R. 1039 Streamline Currency Transaction Reports and Suspicious Activity Reports H.R. 1595 SAFE Banking Act H.R. 2513 Reforms collection of beneficial ownership information for corporations and LLCs H.R. 2514 Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act: Makes amendments to Bank Secrecy Act H.R. 3182 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard-CECL Consumer Impact and Study Act of 2019 H.R. 3642 Improving Credit Reporting for All Consumers Act H.R. 5315 Expanding Opportunity in Minority Depository Institutions Act H.R. 5322 Ensuring Diversity in Community Banking Act of 2019 H.R. 6249 Coronavirus Accounting Relief Act H.R. 6364 SECURE Notarization Act H. R. 6385 To provide temporary relief from troubled debt restructuring disclosures, to delay the implementation of certain accounting standards for depository Institutions substantially affected by COVID-19, and for other purposes. H.R. 6395 National Defense Authorization Act for Fiscal Year 2021 H.R. 6776 JOBS Credit Act of 2020 H.R. 6800 HEROES Act H.R. 6821 Small Business Expense Protection Act of 2020 H.R. 7010 Payment Protection Program Flexibility Act of 2020 H.R. 7413 Calculate PPP Forgiveness Act H.R. 7668 FY2021 FSGG Appropriations (Banking amendment provisions) H.R. 7709 Jobs and Neighborhood Enhancement Act H.R. 7777 The Paycheck Protection Small Business Forgiveness Act H.R. 7894 The Paycheck Protection Program Small Business Enhancement Act H.R. 7993 Promoting and Advancing Communities of Color Through Inclusive Lending Act H.R. 8215 Improving Digital Identity Act of 2020 H.R. 8337 Continuing Appropriations Act 2021 (Banking amendment provisions) H.R. 8410 Promoting and Advancing Capital in Underbanked Communities Act H.R. 8631 EIDL Forgiveness Act H.J. Res 90 Providing for Congressional disapproval of the OCC rule relating to Community Reinvestment Act Regulation S. 1200 SAFE Banking Act S. 1233 Community Bank Access to Capital Act S. 1564 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard S. 2563 Illicit Cash Act S. 2839 Eliminating Corporate Shadow Banking Act of 2019 S. 3502 Community Bank Regulatory Relief Act S. 3533 SECURE Notarization Act S. 3548 CARES Act S. 3612 Small Business Expense Protection Act of 2020 S. 3774 Community Capital Investment Act S. 3841 To protect 2020 recovery rebates for individuals from assignment or garnishment S. 3962 Asset Growth Restriction Act of 2020 S. 4014 Prioritized Paycheck Protection Program Act S. 4049 National Defense Authorization Act for Fiscal Year 2021. Section 2885 creates parity between credit unions and banks located on bases. S. 4116 Reauthorize lending under the Payment Protection Program S. 4117 The Paycheck Protection Program Small Business Forgiveness Act S. 4159 E-SIGN Modernization Act S. 4171 Calculate PPP Forgiveness Act of 2020 S. 4255 Jobs and Neighborhood Enhancement Act S. 4614 Postal Banking Act S. 4914 Prioritized Paycheck Protection Program Act S. 4626 SAFE Data Act S. 4644 - A bill to amend the Federal Deposit Insurance Act to ensure that certain custodial deposits of well capitalized insured depository institutions are not considered to be funds obtained by or through deposit brokers Bank Capital and Accounting Relief Bank Secrecy Act/Anti-Money Laundering Rules/Legislation, including Beneficial Ownership Issue Bank Secrecy Act Filing Deadline Extension Request During COVID-19 Emergency Brokered Deposits Call Report Streamlining Cannabis Banking CARES Act, Economic Impact Payments CARES Act, Paycheck Protection Program Implementation Community Bank Access to Capital Community Bank Leverage Ratio Community Development Financial Institutions (CDFI) Fund Appropriations Community Reinvestment Act Modernization Credit Union Business Lending Powers Credit Union Emergency Mergers Credit Union Field of Membership Rules Credit Union Growth/Powers/Abusive Behavior Credit Union Acquisitions of Community Banks Credit Union Supplemental Capital Current Expected Credit Losses (CECL) Customer Due Diligence Rule Cybersecurity Data Security, Breaches and Privacy De novo bank formation Equal treatment between community banks and credit unions when assessing rent and related charges on military bases Exclusion of Paycheck Protection Program Loans from Calculation of Bank Asset Thresholds Extension of the Covered Business Method Faster Payments/Federal Reserve Real Time Gross Settlement System Fintech Regulatory Requirements Flood Insurance Reauthorization GAO Study of Credit Unions Industrial Loan Corporation Loophole Reforms/ Square (ILC) and Rakuten Deposit Insurance Applications Innovation Initiatives (FinTech/Banking Relationships) Loan Modifications: Regulatory Treatment Main Street Lending Program Minority Depository Institutions Issues Mortgage servicer liquidity facility NCUA amendment to definition of low-income credit union OCC Proposed Payments Charter Postal Banking Regulatory Burden Relief for Community Banks Regulatory and Tax Relief for Community Banks SBA 7(a) Loan Program Funding and Terms Troubled Debt Restructuring
2020 · third_quarter · Banking
H.R.3885 - To amend the Bank Holding Company Act of 1956 to defer part of the compensation of senior employees of large bank holding companies (and their subsidiaries) for 10 years, to use such deferred amounts to pay any civil or criminal fines that may be levied on the bank holding company (or subsidiary), and for other purposes (Tulsi Gabbard, D-HI-2) , ALL PROVISIONS H.R.5180 - To amend the Bank Holding Company Act of 1956 to restore the separation between banking and commerce by prohibiting bank holding company ownership of nonfinancial assets, and for other purposes (Jesus Garcia, D-IL-4) , ALL PROVISIONS H.R.6249 - To temporarily prohibit the Federal financial regulators from requiring compliance with the CECL Rule by persons impacted by Coronavirus, and for other purpose (Blaine Luetkemeyer, R-MO-3) , ALL PROVISIONS S.3502 - A bill to delay the implementation date of the current expected credit losses methodology for estimating allowances for credit losses, and for other purposes (Kevin Cramer, R-ND) , ALL PROVISIONS S.4270 - A bill to amend the CARES Act to ensure that the temporary relief from CECL standards does not terminate in the middle of a company's fiscal year (Thom Tillis, R-NC) , ALL PROVISIONS H.R.7914 - To specify that no person shall be required to comply with the CECL Rule under any Federal statute or regulation (Blaine Luetkemeyer, R-MO-3) , ALL PROVISIONS
Client expense: $550,000 · Firm income: Not reported
HR 85 - remittance tax HR 3167 - Flood insurance reauthorization Financial transaction taxes Data privacy legislation Inter-affiliate swap initial margin Housing finance reform HR 5 - Equality Act HR 3151/ HR 2007 - IRS Income Verification System Treaty Document 113-4 - Spain Tax Protocol HR 2513 / S. 1978 - Beneficial Ownership H.R. 1595 - SAFE Banking Act S. 2563 - Illicit Cash Act Community Reinvestment Act (CRA) Reform S. 1028 - STATES Act S. 3111 - Brokered Deposit reform S. 3108 - Brokered Deposit reform HR 4501 - Brokered Deposit reform CECL Delay Legislation (S. 3502) CARES Act (HR 748) COVID-19-related legislation (ongoing) HR 6800 - HEROES Act HR 6886 - Paycheck Protection Flexibility Act S. 3782 - Small Business Lending Continuity Act S. 3962 - Brokered Deposit Reform S. 3833 - Paycheck Protection Program Extension Act S. 4117 / H.R. 7777 - PPP Forgiveness HR 7753 - Global Investment in American Jobs Act Covered Business Method Review Extension Legislation Police Reform Legislation Lobbying Disclosure Issues Related to FARA and LDA
Client expense: $160,000 · Firm income: Not reported
Government targets: Federal Reserve System, Small Business Administration (SBA), Treasury, Dept of, White House Office
2020 · second_quarter · Financial Institutions/Investments/Securities
Implementation of Public Law 115-174 (S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act: entire bill, including Social Security Administration to modernize verification system); Tax reform (Tax Cuts and Jobs Act of the 115th Congress): issues related to net operating loss (NOL) carryback provision; Issues relating to the Consumer Financial Protection Bureau, including ESIGN (no bill); Issues relating to the Financial Stability Oversight Council and the Federal Accounting Standards Boards Current Expected Credit Loss (CECL) standards (S. 1564 - Continued Encouragement for Consumer Lending Act and H.R. 3182 - CECL Consumer Impact and Study Bill of 2019), S.3502 - Community Bank Regulatory Relief Act, H. R. 748 - CARES Act; Issues relating to consumer credit, including H. R. 5050 - Veterans and Consumers Fair Credit Act; Issues relating to privacy (no bill); Issues relating to data security (no bill); Issues relating to cybersecurity of the financial services industry (no bill); Issues relating to FCC interpretations of the Telephone Consumer Protection Act (TCPA) (no bill) Issues related to data aggregation (no bill)
Client expense: $170,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · second_quarter · Banking
Implementation of Public Law 115-174 (S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act: entire bill, including Social Security Administration to modernize verification system); Tax reform (Tax Cuts and Jobs Act of the 115th Congress): issues related to net operating loss (NOL) carryback provision; Issues relating to the Consumer Financial Protection Bureau, including ESIGN (no bill); Issues relating to the Financial Stability Oversight Council and the Federal Accounting Standards Boards Current Expected Credit Loss (CECL) standards (S. 1564 - Continued Encouragement for Consumer Lending Act and H.R. 3182 - CECL Consumer Impact and Study Bill of 2019); S.3502 - Community Bank Regulatory Relief Act, H. R. 748 - CARES Act; Issues relating to consumer credit, including H. R. 5050 - Veterans and Consumers Fair Credit Act; Issues relating to privacy (no bill); Issues relating to data security (no bill); Issues relating to cybersecurity of the financial services industry (no bill); Issues relating to FCC interpretations of the Telephone Consumer Protection Act (TCPA) (no bill)
Client expense: $170,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · second_quarter · Banking
Issues related to banking regulatory reform: -Implementation of S. 2155 (from 115th Congress) -HR 1500 - Consumers First Act -Issues related to Current Expected Credit Loss -HR 3182 - CECL Consumer Impact and Study Bill of 2019 -HR 6800 - The Heroes Act -Issues related to BSA/AML -S.2563 ILLICIT CASH Act -HR 1018 - Improving Corporate Governance Through Diversity Act -HR 3278 - Diversity in Corporate Leadership Act -Issues related to arbitration -HR 327 - Ending Forced Arbitration for Victims of Data Breaches Act of 2019 -Issues related to interest rate caps -HR 5050 Veterans and Consumers Fair Credit Act -S 3548 - CARES Act -HR 6216 - Emergency Assistance for Student Borrowers Act -S. 3502 - The Community Bank Regulatory Relief Act -Issues related to unfair, deceptive, and abusive acts and practices -Issues related to financial innovation -Issues related to financial literacy -Issues related to the Community Reinvestment Act -Issues related to brokered deposits -Issues related to debt collection -Issues related to artificial intelligence -Issues related to interest rate exportation -Issues related to small business data collection -Issues related to modernized disclosures -Issues related to privacy -Issues related to Covid-19 Relief
Client expense: $430,000 · Firm income: Not reported
HR 85 - remittance tax HR 3167 - Flood insurance reauthorization Financial transaction taxes Data privacy legislation Inter-affiliate swap initial margin Housing finance reform HR 5 - Equality Act HR 3151/ HR 2007 - IRS Income Verification System Treaty Document 113-4 - Spain Tax Protocol HR 2513 / S. 1978 - Beneficial Ownership H.R. 1595 - SAFE Banking Act S. 2563 - Illicit Cash Act Community Reinvestment Act (CRA) Reform S. 1028 - STATES Act S. 3111 - Brokered Deposit reform S. 3108 - Brokered Deposit reform HR 4501 - Brokered Deposit reform CECL Delay Legislation (S. 3502) CARES Act (HR 748) COVID-19-related legislation (ongoing) HR 6800 - HEROES Act HR 6886 - Paycheck Protection Flexibility Act S. 3782 - Small Business Lending Continuity Act S. 3962 - Brokered Deposit Reform S. 3833 - Paycheck Protection Program Extension Act Issues: Police Reform, Main Street Lending Program (MSLP) S. 4117 - PPP Forgiveness
Client expense: $80,000 · Firm income: Not reported
Government targets: Federal Reserve System, Small Business Administration (SBA), Treasury, Dept of, White House Office
2020 · second_quarter · Banking
H.R.3885 - To amend the Bank Holding Company Act of 1956 to defer part of the compensation of senior employees of large bank holding companies (and their subsidiaries) for 10 years, to use such deferred amounts to pay any civil or criminal fines that may be levied on the bank holding company (or subsidiary), and for other purposes (Tulsi Gabbard, D-HI-2) H.R.5180 - To amend the Bank Holding Company Act of 1956 to restore the separation between banking and commerce by prohibiting bank holding company ownership of nonfinancial assets, and for other purposes (Jesus Garcia, D-IL-4) H.R.6249 - To temporarily prohibit the Federal financial regulators from requiring compliance with the CECL Rule by persons impacted by Coronavirus, and for other purpose (Blaine Luetkemeyer, R-MO-3) S.3502 - A bill to delay the implementation date of the current expected credit losses methodology for estimating allowances for credit losses, and for other purposes (Kevin Cramer, R-ND)
Client expense: $550,000 · Firm income: Not reported
2020 · second_quarter · Accounting
H.R. 748 CARES Act H.R. 3182 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard H.R. 6249 Coronavirus Accounting Relief Act H. R. 6385 To provide temporary relief from troubled debt restructuring disclosures, to delay the implementation of certain accounting standards for depository institutions substantially affected by COVID-19, and for other purposes. H.R. 6551 CARES Act Section 4014 Technical Corrections Act S. 1564 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard S. 3502 Community Bank Regulatory Relief Act, Accounting Provisions S. 3548 CARES Act, Accounting Provisions Current Expected Credit Losses (CECL) Standard
Client expense: $850,000 · Firm income: Not reported
2020 · second_quarter · Banking
H.R. 388 Financial Reporting Threshold Modernization H.R. 442 Financial Protection for Our Military Families Act H.R. 748 CARES Act H.R. 1038 Treasury Dept. to take greater role in Anti-Money Laundering/CFT policy and examinations H.R. 1039 Streamline Currency Transaction Reports and Suspicious Activity Reports H.R. 1491 FINTECH Act of 2019 H.R. 1595 SAFE Banking Act H.R. 2513 Reforms collection of beneficial ownership information for corporations and LLCs H.R. 2514 Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act: Makes amendments to Bank Secrecy Act H.R. 2650 Payment Choice Act of 2019 H.R. 3167 National Flood Insurance Program Reauthorization Act H.R. 3182 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard-CECL Consumer Impact and Study Act of 2019 H.R. 3642 Improving Credit Reporting for All Consumers Act H.R. 3951 Payments Modernization Act of 2019 H.R. 4328 Protecting Innocent Consumers Affected by a Shutdown Act H.R. 5050 Veterans and Consumers Fair Credit Act H.R. 5315 Expanding Opportunity in Minority Depository Institutions Act H.R. 5322 Ensuring Diversity in Community Banking Act of 2019 H.R. 5332 Protecting Your Credit Score Act of 2019 H.R. 6116 Consumer Financial Protection Commission Act H.R. 6249 Coronavirus Accounting Relief Act H.R. 6364 SECURE Notarization Act H. R. 6385 To provide temporary relief from troubled debt restructuring disclosures, to delay the implementation of certain accounting standards for depository Institutions substantially affected by COVID-19, and for other purposes. H.R. 6395 National Defense Authorization Act for Fiscal Year 2021 H.R. 6776 JOBS Credit Act of 2020 H.R. 6782 TRUTH Act H.R. 6800 HEROES Act H.R. 7010 Payment Protection Program Flexibility Act of 2020 H.R. 7413 Calculate PPP Forgiveness Act H.J. Res 90 Providing for Congressional disapproval of the OCC rule relating to Community Reinvestment Act Regulation S. 656 SAFE Lending Act of 2019 S. 1200 SAFE Banking Act S. 1233 Community Bank Access to Capital Act S. 1564 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard S. 1790 Sec. 2821: Equal treatment between community banks and credit unions when assessing rent and related charges. S.2563 Illicit Cash Act S.2839 Eliminating Corporate Shadow Banking Act of 2019 S. 3502 Community Bank Regulatory Relief Act S. 3533 SECURE Notarization Act S. 3548 CARES Act S. 3612 Small Business Expense Protection Act of 2020 S. 3774 Community Capital Investment Act S. 3841 To protect 2020 recovery rebates for individuals from assignment or garnishment S. 3918 Paycheck Protection for Producers Act. Modify PPP terms for farmers and ranchers S. 3962 Asset Growth Restriction Act of 2020 S. 3990 Financial Product Safety Commission Act of 2020 S. 4014 Prioritized Paycheck Protection Program Act S. 4049 National Defense Authorization Act for Fiscal Year 2021. Section 2885 creates parity between credit unions and banks located on bases. S. 4116 Reauthorize lending under the Payment Protection Program S. 4117 The Paycheck Protection Program Small Business Forgiveness Act S. 4159 E-SIGN Modernization Act S. 4171 Calculate PPP Forgiveness Act of 2020 S. 4914 Prioritized Paycheck Protection Program Act Bank Capital and Accounting Relief Bank Qualified Municipal Bonds Bank Secrecy Act/Anti-Money Laundering Rules/Legislation, including Beneficial Ownership Issue Bank Secrecy Act Filing Deadline Extension Request During COVID-19 Emergency Call Report Streamlining Cannabis Banking CARES Act, Economic Impact Payments CARES Act, Paycheck Protection Program Implementation Community Bank Access to Capital Community Bank Leverage Ratio Community Development Financial Institutions (CDFI) Fund Appropriations Community Reinvestment Act Modernization Credit Union Business Lending Powers Credit Union Emergency Mergers Credit Union Field of Membership Rules Credit Union Growth/Powers/Abusive Behavior Credit Union Acquisitions of Community Banks Credit Union Supplemental Capital Current Expected Credit Losses (CECL) Customer Due Diligence Rule Customer-permissioned Data Access Cybersecurity Data Security, Breaches and Privacy Deposit Insurance Coverage Levels Direct Deposit Economic Growth, Regulatory Relief and Consumer Protection Act Implementation Faster Payments/Federal Reserve Real Time Gross Settlement System Fintech Regulatory Requirements Flood Insurance Reauthorization Home Mortgage Disclosure Act (HMDA) Regulations Housing Finance Reform Industrial Loan Corporation Loophole Reforms/ Square (ILC) and Rakuten Deposit Insurance Applications Innovation Initiatives (FinTech/Banking Relationships) Loan Modifications: Regulatory Treatment Main Street Lending Program Minority Depository Institutions Issues Mortgage servicer liquidity facility NCUA amendment to definition of low-income credit union PACE Loans Private Flood Insurance Qualified Mortgages - Ability to Repay Rules Regulation CC--Availability of Funds and Collection of Checks Regulatory Burden Relief for Community Banks Regulatory and Tax Relief for Community Banks Remittance Transfers Rulemaking Delay Request During COVID-19 Emergency SBA 7(a) Loan Program Funding and Terms Telephone Consumer Protection Act Waiver Petition Transaction Account Deposit Insurance Guarantee Program Troubled Debt Restructuring
2020 · second_quarter · Accounting
S. 1564 - Continued Encouragement for Consumer Lending Act, H.R. 3182 CECL Consumer Impact and Study Bill of 2019. P.L. 116-93 - Continuing Appropriations Act, 2020. H.R. 4565 - Responsible Accounting Standards Act of 2019. Issues relating to whether the FASBs accounting support fees are subject to sequestration - no specific legislation. Issues relating to the accounting standard-setting process generally - no specific legislation. Issues related to CECL and accounting standards including H.R. 6074 - Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020; H.R. 6201 - Families First Coronavirus Response Act; H.R. 6379 - Take Responsibility for Workers and Families Act; P.L. 116-136 - Coronavirus Aid, Relief, and Economic Security (CARES) Act; H.R. 6800 - The HEROES Act; H.R. 6551 - CARES Section 4014 and S. 3502 - Community Bank Regulatory Relief Act.
Client expense: Not reported · Firm income: $70,000
2020 · second_quarter · Banking
Brokered Deposits H.R. 741, TAILOR Act H.R. 189, Financial Institution Customer Protection Act of 2019 H.R. 1595, the Secure and Fair Enforcement (SAFE) Banking Act of 2019 H.R. 3619, Appraisal Fee Transparency Act of 2019 H.R. 5194 / S. 2903 /, Climate Change Financial Risk Act of 2019 H.R. 5315, the Expanding Opportunities for Minority Depository Institutions (MDIs) Act H.R. 5322, the Ensuring Diversity in Community Banking Act of 2019 S. 1200, Secure and Fair Enforcement Banking (SAFE) Act of 2019 S. 1233, Community Bank Access to Capital Sec. 2821 of S. 1790, National Defense Authorization Act of 2020 S. 4049, National Defense Authorization Act for Fiscal Year 2021 S. 2839, Eliminating Corporate Shadow Banking Act of 2019 H.R. 748/ S.3548, CARES Act S___, Immediate Measures to Protect Against COVID-19 Threats (IMPACT) for Small Business Act of 2020 S. 3502, The Community Bank Regulatory Relief Act S. 3962, Asset Growth Restriction Act of 2020 S. 3841, A bill to protect 2020 recovery rebates for individuals from assignment or garnishment, and for other purposes. H.R. 6800, HEROES Act H. J. Res. 90, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to Community Reinvestment Act Regulations Central Bank Digital Currency
Client expense: $2,730,000 · Firm income: Not reported
2020 · first_quarter · Banking
Brokered Deposits H.R. 741, TAILOR Act H.R. 189, Financial Institution Customer Protection Act of 2019 H.R. 1595, the Secure and Fair Enforcement (SAFE) Banking Act of 2019 H.R. 3619, Appraisal Fee Transparency Act of 2019 H.R. 5194 / S. 2903 /, Climate Change Financial Risk Act of 2019 H.R. 5315, the Expanding Opportunities for Minority Depository Institutions (MDIs) Act H.R. 5322, the Ensuring Diversity in Community Banking Act of 2019 S. 1200, Secure and Fair Enforcement Banking (SAFE) Act of 2019 S. 1233, Community Bank Access to Capital Sec. 2821 of S. 1790, National Defense Authorization Act of 2020 S. 2839, Eliminating Corporate Shadow Banking Act of 2019 H.R. 748/ S.3548, CARES Act S___, Immediate Measures to Protect Against COVID-19 Threats (IMPACT) for Small Business Act of 2020 S. 3502, The Community Bank Regulatory Relief Act
Client expense: $2,400,000 · Firm income: Not reported
HR 85 - remittance tax HR 3167 - Flood insurance reauthorization Financial transaction taxes Data privacy legislation Inter-affiliate swap initial margin Housing finance reform HR 5 - Equality Act HR 3151/ HR 2007 - IRS Income Verification System Treaty Document 113-4 - Spain Tax Protocol HR 2513 / S. 1978 - Beneficial Ownership H.R. 1595 - SAFE Banking Act S. 2563 - Illicit Cash Act Community Reinvestment Act (CRA) Reform S. 1028 - STATES Act S. 3111 - Brokered Deposit reform S. 3108 - Brokered Deposit reform HR 4501 - Brokered Deposit reform CECL Delay Legislation (S. 3502) CARES Act (HR 748) COVID-19-related legislation (ongoing)
Client expense: $182,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, White House Office
2020 · first_quarter · Accounting
H.R. 748 CARES Act H.R. 3182 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard H.R. 6249 Coronavirus Accounting Relief Act H. R. 6385 To provide temporary relief from troubled debt restructuring disclosures, to delay the implementation of certain accounting standards for depository institutions substantially affected by COVID-19, and for other purposes. S. 1564 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard S. 3502 Community Bank Regulatory Relief Act, Accounting Provisions S. 3548 CARES Act, Accounting Provisions Current Expected Credit Losses (CECL) Standard
Client expense: $930,000 · Firm income: Not reported
2020 · first_quarter · Banking
H.R. 388 Financial Reporting Threshold Modernization H.R. 442 Financial Protection for Our Military Families Act H.R. 748 CARES Act H.R. 799 Federal Worker Credit Protection Act of 2019 H.R. 1038 Treasury Dept. to take greater role in Anti-Money Laundering/CFT policy and examinations H.R. 1039 Streamline Currency Transaction Reports and Suspicious Activity Reports H.R. 1387 CONFRONT Act H.R. 1491 FINTECH Act of 2019 H.R. 1595 SAFE Banking Act H.R. 2445 Self Employed Mortgage Access Act of 2019 H.R. 2513 Reforms collection of beneficial ownership information for corporations and LLCs H.R. 2514 Coordinating Oversight, Upgrading and Innovating Technology, and Examiner Reform Act: Makes amendments to Bank Secrecy Act H.R. 3167 National Flood Insurance Program Reauthorization Act H.R. 3182 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard-CECL Consumer Impact and Study Act of 2019 H.R. 3198 Comprehensive Regulatory Review Act: Make changes to EGRPRA Review H.R. 3618 Free Credit Scores for Consumers Act of 2019 H.R. 3621 Student Borrower Credit Improvement Act H.R. 3622 Restoring Unfairly Impaired Credit and Protecting Consumers Act H.R. 3642 Improving Credit Reporting for All Consumers Act H.R. 3939 To require the Fed to carry out a quantitative study of any proposed real-time payment system H.R. 3951 Payments Modernization Act of 2019 H.R. 4328 Protecting Innocent Consumers Affected by a Shutdown Act H.R. 4805 Access Business Credit Act of 2019 H.R. 5050 Veterans and Consumers Fair Credit Act H.R. 5315 Expanding Opportunity in Minority Depository Institutions Act H.R. 5322 Ensuring Diversity in Community Banking Act of 2019 H.R. 5332 Protecting Your Credit Score Act of 2019 H.R. 5574 Preserving Small Business Act of 2020 H.R. 6116 Consumer Financial Protection Commission Act H.R. 6249 Coronavirus Accounting Relief Act H.R. 6364 SECURE Notarization Act H. R. 6385 To provide temporary relief from troubled debt restructuring disclosures, to delay the implementation of certain accounting standards for depository Institutions substantially affected by COVID-19, and for other purposes. S. 540 Self-Employed Mortgage Access Act S. 656 SAFE Lending Act of 2019 S. 1028 States Act S. 1200 SAFE Banking Act S. 1233 Community Bank Access to Capital Act S. 1564 Requires agency study of Current Expected Credit Loss standard and delays effective date of standard S. 1790 Sec. 2821: Equal treatment between community banks and credit unions when assessing rent and related charges. S.2563 Illicit Cash Act S.2839 Eliminating Corporate Shadow Banking Act of 2019 S. 3502 Community Bank Regulatory Relief Act S. 3533 SECURE Notarization Act S. 3548 CARES Act Bank Qualified Municipal Bond Issuance Limit Bank Secrecy Act/Anti-Money Laundering Rules/Legislation, including Beneficial Ownership Issue Bank Secrecy Act Filing Deadline Extension Request During COVID-19 Emergency Call Report Streamlining Cannabis Banking CARES Act, Paycheck Protection Program Implementation CFPB Small Business Loan Data Collection Community Bank Access to Capital Community Bank Leverage Ratio Community Development Financial Institutions (CDFI) Fund Appropriations Community Reinvestment Act Modernization Credit Union Business Lending Powers Credit Union Emergency Mergers Credit Union Field of Membership Rules Credit Union Growth/Powers/Abusive Behavior Credit Union Acquisitions of Community Banks Credit Union Supplemental Capital Current Expected Credit Losses (CECL) Customer Due Diligence Rule Cybersecurity Data Security, Breaches and Privacy Deposit Insurance Coverage Levels Direct Deposit Economic Growth, Regulatory Relief and Consumer Protection Act Implementation Faster Payments/Federal Reserve Real Time Gross Settlement System Flood Insurance Reauthorization Home Mortgage Disclosure Act (HMDA) Regulations Housing Finance Reform IMPACT for Small Business Act Industrial Loan Corporation Loophole Reforms/ Square (ILC) and Rakuten Deposit Insurance Applications Innovation Initiative (FinTech) Loan Modifications: Regulatory Treatment Minority Depository Institutions Issues PACE Loans Private Flood Insurance Qualified Mortgages - Ability to Repay Rules Regulation D, Account Transfer Limit Waiver During COVID-19 Emergency Regulatory Burden Relief for Community Banks Regulatory and Tax Relief for Community Banks Remittance Transfers Rulemaking Delay Request During COVID-19 Emergency SBA 7(a) Loan Program Funding and Terms Support for the Nomination of the Honorable Jovita Carranza to serve as Administrator of the U.S. Small Business Administration (SBA) Telephone Consumer Protection Act Waiver Petition Transaction Account Deposit Insurance Guarantee Program Troubled Debt Restructuring
2020 · first_quarter · Financial Institutions/Investments/Securities
Implementation of Public Law 115-174 (S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act: entire bill, including Social Security Administration to modernize verification system); Tax reform (Tax Cuts and Jobs Act of the 115th Congress): issues related to net operating loss (NOL) carryback provision; Issues relating to the Consumer Financial Protection Bureau, including ESIGN (no bill); Issues relating to the Financial Stability Oversight Council and the Federal Accounting Standards Boards Current Expected Credit Loss (CECL) standards (S. 1564 - Continued Encouragement for Consumer Lending Act and H.R. 3182 - CECL Consumer Impact and Study Bill of 2019), S.3502 - Community Bank Regulatory Relief Act, H. R. 748 - CARES Act; Issues relating to consumer credit, including H. R. 5050 - Veterans and Consumers Fair Credit Act; Issues relating to privacy (no bill); Issues relating to data security (no bill); Issues relating to cybersecurity of the financial services industry (no bill); Issues relating to FCC interpretations of the Telephone Consumer Protection Act (TCPA) (no bill) Issues related to data aggregation (no bill)
Client expense: $780,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · first_quarter · Banking
Implementation of Public Law 115-174 (S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act: entire bill, including Social Security Administration to modernize verification system); Tax reform (Tax Cuts and Jobs Act of the 115th Congress): issues related to net operating loss (NOL) carryback provision; Issues relating to the Consumer Financial Protection Bureau, including ESIGN (no bill); Issues relating to the Financial Stability Oversight Council and the Federal Accounting Standards Boards Current Expected Credit Loss (CECL) standards (S. 1564 - Continued Encouragement for Consumer Lending Act and H.R. 3182 - CECL Consumer Impact and Study Bill of 2019); S.3502 - Community Bank Regulatory Relief Act, H. R. 748 - CARES Act; Issues relating to consumer credit, including H. R. 5050 - Veterans and Consumers Fair Credit Act; Issues relating to privacy (no bill); Issues relating to data security (no bill); Issues relating to cybersecurity of the financial services industry (no bill); Issues relating to FCC interpretations of the Telephone Consumer Protection Act (TCPA) (no bill)
Client expense: $780,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · first_quarter · Banking
H.R.3885 - To amend the Bank Holding Company Act of 1956 to defer part of the compensation of senior employees of large bank holding companies (and their subsidiaries) for 10 years, to use such deferred amounts to pay any civil or criminal fines that may be levied on the bank holding company (or subsidiary), and for other purposes (Tulsi Gabbard, D-HI-2), ALL PROVISIONS H.R.5180 - To amend the Bank Holding Company Act of 1956 to restore the separation between banking and commerce by prohibiting bank holding company ownership of nonfinancial assets, and for other purposes (Jesus Garcia, D-IL-4), ALL PROVISIONS H.R.6249 - To temporarily prohibit the Federal financial regulators from requiring compliance with the CECL Rule by persons impacted by Coronavirus, and for other purpose (Blaine Luetkemeyer, R-MO-3), ALL PROVISIONS S.3502 - A bill to delay the implementation date of the current expected credit losses methodology for estimating allowances for credit losses, and for other purposes (Kevin Cramer, R-ND), ALL PROVISIONS
Client expense: $530,000 · Firm income: Not reported
2019 · second_quarter · Science/Technology
artificial intelligence national strategy and AI standards National Space Council - conversation about NASA budget and Space Council goals general policy for NSF, NIST, NASA and DOD China issues, export control - China Technology Transfer Control Act of 2019 S1459 HR 2500 (NDAA) cybercrime suggested bill text definition of AI for inclusion in S3502 H.R.3038 - Securing American Science and Technology Act of 2019 S1067/HR 36 - Combating Sexual Harassment in Science Act
Client expense: $40,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Natl Institute of Standards & Technology (NIST), Office of Science & Technology Policy (OSTP), SENATE
| Republican |
| SC |
| Tom Cotton | Republican | AR |
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
Client expense: $960,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
Government targets: Commerce, Dept of (DOC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: HOUSE OF REPRESENTATIVES, SENATE
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
Client expense: $840,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
Government targets: Commerce, Dept of (DOC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of
Government targets: Commerce, Dept of (DOC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
Client expense: $850,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC)
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Natl Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
Client expense: $930,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Natl Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), SENATE, Small Business Administration (SBA), Treasury, Dept of, White House Office
Government targets: Commerce, Dept of (DOC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)