Last Sale Valuation Act of 2026

Tariffs (IEEPA, Sec. 232, 301, 122)-Clarifications related to data requirements needed for tariff collection. Secure Revenue Clearance Channel Act (HR 7224)-Support provisions allowing for the quick clearance of low-value shipments while ensuring the collection of tariffs and halting the flow of illicit goods. Last Sale Valuation Act (S 3841)-

Client expense: $72,750 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Economic Council (NEC), SENATE, U.S. Trade Representative (USTR)

H.R. 2213/S. 998, Medical Supply Chain Resiliency Act H.R. 3193, United States-Republic of Korea Digital Trade Enforcement Act H.R. 4930/S. 2677, To expand the sharing of information with respect to suspected violations of intellectual property rights in trade H.R. 5334/S. 5025, Lindsey O. Graham Sanctioning Russia Act of 2026 H.R. 5926, Mexican Energy Trade Enforcement Act H.R. 6194/S. 2934, Protecting Americans from Russian Litigation Act of 2025 H.R. 6500, AGOA Extension Act H.R. 6504, Haiti Economic Lift Program Extension Act H.R. 8800/S. 4784, National Defense Authorization Act of 2027 S. 3841, Last Sale Valuation Act of 2026 Notice of Request for Comments on the Modernization of the African Growth and Opportunity Act (AGOA), (91 Fed. Reg. 23,142-23,144, April 29, 2026) Advance notice of proposed rulemaking, Heightened Import Disclosures for Supply Chain Visibility (91 Fed. Reg. 56,408-56,414, September 2, 2026) Request for comments, 2026 Review of Notorious Markets for Counterfeiting and Piracy (91 Fed. Reg. 55,154-55,156, August 26, 2026) Various issues relating to implementation of the Inflation Reduction Act, (P.L. 117-169); patent-related issues, including patent linkage, patent term restoration, patent examination practices, and patent quality measures; efforts related to the U.S. International Development Finance Corporation (DFC); efforts related to ensuring a streamlined tariff refund process; efforts related to the advancement of tax treaties with Poland and Croatia; efforts related to identifying unfair foreign trade practices; efforts related to the reauthorization of the African Growth and Opportunity Act (AGOA) (P.L. 106-200), including implementation of Public Law No: 119-75; efforts related to regulations issued by the Bank of Central African States (BEAC); efforts to preserve investment protections such as investor-state dispute settlement; efforts related to outlining critical mineral opportunities with key allies; efforts related to opposing international imposition of digital services taxes; related efforts supporting strong digital trade rules; U.S. economic and commercial relations with key trading partners across the globe; efforts to implement an outbound investment screening mechanism; efforts related to modernizing customs processes and updating tariff application procedures; efforts related to the development of trade relations in the Indo-Pacific; efforts related to the development of trade relations in the Americas region; efforts related to the joint review of the U.S.-Mexico-Canada Agreement (USMCA); implementation and enforcement of U.S. free-trade agreements in force with 20 countries; implementation and enforcement of the agreements and ongoing negotiations of the World Trade Organization (WTO); trade policy concerns regarding customs duties on electronic transmissions; implementation of U.S. sanctions on Russia, including those related to Russias invasion of Ukraine and Public Law No: 119-111; efforts related to sustaining momentum on providing aid to Ukraine; efforts related to reauthorization of the Export-Import Bank (Ex-Im Bank); reforms or changes to export controls; EU Digital Markets Act; EU Digital Services Act; EU Data Act; EU AI Act; IP issues relating to internet counterfeiting and digital piracy; IP issues relating to artificial intelligence; Global Internet Governance; policies and regulations restricting outbound data flows and data transfers; digital-related policies in the G20, G7, OECD, WTO, United Nations, and other international fora; digital trade policy considerations including cross-border data flows, digital service taxes, and issues of forced data localization, and forced disclosure of source code; international trade and regulatory practices impacting digital goods and services; international competition policy and related regulations; international artificial intelligence policy; international 5G policy and telecommunications infrastructure; international cybersecurity policy; international policies on standards development; international policies on data privacy; international policies related to content moderation and intermediary liability; advancing international regulatory cooperation; consumer protection policy and related regulations; digital and tech sovereignty and sovereign cloud; international policies related to online protections for children and minors; IP issues at the World Trade Organization and the World Intellectual Property Organization; the EUs General Pharmaceutical Legislation and provisions related to regulatory data protection and the Bolar exemption; IP issues in Latin America, including enforcement of trade agreements and compulsory licenses and general IP standards and practices in Argentina, Mexico, Brazil, Colombia, the Dominican Republic, and Chile; IP issues in India; pharmaceutical IP issues in the UAE; section 301 investigation on IP issues in Vietnam; USTRs Special 301 report and Review of Notorious Markets for Counterfeiting and Piracy; intersection of tariff-related policy and IP implications; U.S. Patent and Trademark Office IP Attache program; foreign pricing of pharmaceutical products; Most Favored Nation (MFN) reference pricing; USPTO fee setting authority renewal; Federal grants funding and proposed OMB regulatory changes; intellectual property rights enforcement, specifically brands/trademarks; supply chain and defense industrial base issues; development of the National Defense Authorization Act for Fiscal Year 2027

Client expense: $16,480,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), Defense, Dept of (DOD), Energy, Dept of, Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Natl Economic Council (NEC), Natl Institute of Standards & Technology (NIST), Natl Security Council (NSC), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. Trade Representative (USTR)

Public Law 117-78, Uyghur Forced Labor Prevention Act; issues related to implementation, trade policy Issues related to US-China trade policy Issues related to US-Vietnam trade policy Issues related to US-India trade policy Issues related to US-Indonesia trade policy The U.S.-Mexico-Canada (USMCA) agreement review S.3841 - Last Sale Valuation Act of 2026 Issues related to global supply chain policy Issues related to tariffs and the International Emergency Economic Powers Act (IEEPA), Section 122 tariffs, Section 301 tariffs, Section 232 steel and aluminum tariffs, IEEPA reciprocal tariffs, and the Consolidated Administration and Processing of Entries (CAPE) tariff refund process. Section 301 investigation: structural excess capacity (USTR-2026-0067, USTR-2026-0068) Section 301 investigation: forced labor enforcement of 60 economies (USTR-2026-0265, USTR-2026-0266) Section 301 Investigation: Chinas Targeting of the Maritime, Logistics, and Shipbuilding Sectors for Dominance (USTR-2025-0017) Section 301 investigations: Brazils Acts, Policies, and Practices (USTR-2026-0331, USTR-2026-0397) Section 301 investigation: Vietnams Identification as a Priority Foreign Country (USTR-2026-0364) The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 (H.R. 5334, Public Law No. 119-111) Executive Order: Strengthening Customs Enforcement (EO 14411) Heightened Import Disclosures for Supply Chain Visibility (USCBP-2026-1058)

Client expense: $130,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, U.S. Customs & Border Protection, U.S. Trade Representative (USTR)

Trade Domestic/Foreign (TRD) Discussions with Congress and Administration (including USTR, Treasury, Commerce, ITC, Labor, State, Agriculture, DLA, and Customs) on the following items: o Proposed and implemented tariffs under IEEPA, Section 301, Section 122, Section 232, and Section 338. o Bilateral China trade issues, including WTO compliance and the Section 301 investigation and Section 232 investigations. o Western Hemisphere issues, including USMCA, CAFTA-DR, and Haiti. o Implementation of existing and negotiation of new free trade agreements (FTAs). Issues discussed include: -Rules of origin, including for used textiles and textile waste -Duties -Customs provisions -IPR provisions -Labor provisions -Regulatory harmonization -Transportation measures -Government procurement. -Port maintenance issues -Trade deficits and global value chains. Tariffs and proposed bills to regulate tariff policy, including: U.S. HTS Chapter 62 U.S. Note 2 - water resistant definition [H.R.960] o New and existing trade preference programs, including: AGOA and Haiti HOPE/HELP (HR 6500) Discussions with Congress, Labor, USTR, CBP, State, and Commerce on the Agreements on Reciprocal Trade o Various trade and customs initiatives (such as First Sale, 9802, duty drawback, single window/ITDS, changes to ACE,green trade preferences for sustainable materials, and pending classifications, rulings, and regulations) covering textiles, apparel, footwear, andtravel goods. o Foreign trade barriers and practices (including comments for annual NTE and Special 301 and notorious markets reports), including Indonesias proposed Halal certification requirements o Pending nominations. o Current and proposed sanctions, including: - North Korea sanctions (CAATSA). - Uyghur Forced Labor Prevention Act (Public Law No: 117-78). Discussions with Congress, CPSC, and FTC to allow Digital Labeling for clothes. Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 (H.R. 5334) S.3841 - Last Sale Valuation Act of 2026 Discussions with Congress, CBP, USTR, State, Commerce, Treasury, and the White House on Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits) Discussions with Congress and CBP on the Consolidated Administration and Processing of Entries (CAPE) and other issues emanating from the Learning Resources Supreme Court decision. Discussions with Congress and USTR, State, and Commerce on the U.S.-China Board of Trade. Discussions with Congress and USTR, State, and Commerce on the Executive Order on Strengthening Customs Enforcement. Discussions with Congress and USTR, State, and Commerce on the Section 301 investigation into Vietnam's Acts, Policies, and Practices Related to Intellectual Property Protection and Enforcement. Discussions with Congress and USTR, State, and Commerce on the Section 301: Brazils Acts, Policies, and Practices Related to Digital Trade and Electronic Payment Services; Unfair, Preferential Tariffs; Anti-Corruption Enforcement; Intellectual Property Protection; Ethanol Market Access; and Illegal Deforestation Discussions with Congress and USTR, Labor, State, and Commerce on the Section 301 Investigations Relating to Failures to Take Action on Trade in Forced Labor Goods

Client expense: Not reported · Firm income: $7,729

Government targets: Centers For Disease Control & Prevention (CDC), Commerce, Dept of (DOC), Export-Import Bank of the United States (EXIM Bank), Federal Emergency Management Agency (FEMA), Federal Trade Commission (FTC), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Intl Trade Administration (ITA), Labor, Dept of (DOL), Natl Economic Council (NEC), Overseas Private Investment Corp (OPIC), President of the U.S., SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office

Trade Domestic/Foreign (TRD) Discussions with Congress and Administration (including USTR, Treasury, Commerce, ITC, Labor, State, Agriculture, DLA, and Customs) on the following items: o Proposed and implemented tariffs under IEEPA, Section 301, Section 122, Section 232, and Section 338. o Bilateral China trade issues, including WTO compliance and the Section 301 investigation and Section 232 investigations. o Western Hemisphere issues, including USMCA, CAFTA-DR, and Haiti. o Implementation of existing and negotiation of new free trade agreements (FTAs). Issues discussed include: -Rules of origin, including for used textiles and textile waste -Duties -Customs provisions -IPR provisions -Labor provisions -Regulatory harmonization -Transportation measures -Government procurement. -Port maintenance issues -Trade deficits and global value chains. Tariffs and proposed bills to regulate tariff policy, including: U.S. HTS Chapter 62 U.S. Note 2 - water resistant definition [H.R.960] o New and existing trade preference programs, including: AGOA and Haiti HOPE/HELP (HR 6500) Discussions with Congress, Labor, USTR, CBP, State, and Commerce on the Agreements on Reciprocal Trade o Various trade and customs initiatives (such as First Sale, 9802, duty drawback, single window/ITDS, changes to ACE,green trade preferences for sustainable materials, and pending classifications, rulings, and regulations) covering textiles, apparel, footwear, andtravel goods. o Foreign trade barriers and practices (including comments for annual NTE and Special 301 and notorious markets reports), including Indonesias proposed Halal certification requirements o Pending nominations. o Current and proposed sanctions, including: - North Korea sanctions (CAATSA). - Uyghur Forced Labor Prevention Act (Public Law No: 117-78). Discussions with Congress, CPSC, and FTC to allow Digital Labeling for clothes. Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 (H.R. 5334) S.3841 - Last Sale Valuation Act of 2026 Discussions with Congress, CBP, USTR, State, Commerce, Treasury, and the White House on Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits) Discussions with Congress and CBP on the Consolidated Administration and Processing of Entries (CAPE) and other issues emanating from the Learning Resources Supreme Court decision. Discussions with Congress and USTR, State, and Commerce on the U.S.-China Board of Trade. Discussions with Congress and USTR, State, and Commerce on the Executive Order on Strengthening Customs Enforcement. Discussions with Congress and USTR, State, and Commerce on the Section 301 investigation into Vietnam's Acts, Policies, and Practices Related to Intellectual Property Protection and Enforcement. Discussions with Congress and USTR, State, and Commerce on the Section 301: Brazils Acts, Policies, and Practices Related to Digital Trade and Electronic Payment Services; Unfair, Preferential Tariffs; Anti-Corruption Enforcement; Intellectual Property Protection; Ethanol Market Access; and Illegal Deforestation Discussions with Congress and USTR, Labor, State, and Commerce on the Section 301 Investigations Relating to Failures to Take Action on Trade in Forced Labor Goods Defense (DEF) Comments and discussions on Berry Amendment, Federal Prison Industries (FPI), and Ability One programs with Administration and Members of Congress. Discussions with Members of Congress, White House, DoD, USTR, TSA, and DHS about implementation of Berry and procurement issues and the following legislation: FY 2026 Defense related measures - - HR 5371 - FY 2026 Continuing Resolution - Conversations about implementation of FY 2026 National Defense Authorization Act and preparations for FY 2027 defense authorization (S. 4784/HR 8800) and appropriations related measures (HR 9495). Discussions with Congress and Administration on government procurement provisions in trade agreements. Discussion with Administration on follow up to the DLA War Games, including use of DPA Title III; stockpiling; centralized procurement of textiles, apparel, and footwear under DLA; and elimination of small purchase threshold. Discussions with the Administration and Congress on economic price adjustments (EPAs) in contracts. Discussions with the Administration and Congress on government procurement of PPE products. Discussion on textile, apparel, and footwear supply chain war game. Discussion with Congress and Administration on measures to strengthen the textile, apparel, and footwear supply chain including provisions relating to procurements of home textiles, boots, and other uniforms in a manner consistent with Berry. Discussions with Administration on Cybersecurity Maturity Model Certification (CMMC) compliance. Discussions with the Administration and Congress on restrictions of per and polyfluoroalkyl substances (PFAS). Discussion with the Administration and Congress on tariff and immigration issues related to the Defense Industrial Base. Small Business Discussions with Congress and Administration impact of tariffs and logistics issues on small business. Discussions with Federal Trade Commission (FTC) on digitizing apparel labels as well as on textile, wool, fur, and care labeling rules, and other labeling rules, including Made in USA labeling. Discussions with the Administration and Congress on FPI reform and impact on small business. Environment Discussions with Congress and Administration on issues as it relates to textile recycling infrastructure and technology, microplastics/microfibers, federal approaches to extended producer responsibility, material sustainability, microplastics, climate, and environment. Discussions with Congress on Recycled Materials Attribution Act (H.R. 7502. Discussions with the Commerce Department on the EUs proposed PFAS restrictions and Digital Product Passport Requirements. Discussions with Congress on H.R.960 - Protect Our Clothes from PFAS Act. Discussions with Congress, on trade incentives for preferred material usage, and tariff and non-tariff barriers to utilizing recycled materials. Discussions with Congress, EPA, and FTC to allow Digital Labeling for clothes. Discussions with Congress and FTC on environmental marketing claims and the FTCs Green Guides. Labor Discussion of WRAP program and with various legislative branch and executive branch officials. Discussions with Congress and Administration (including Labor, State, USTR, and CBP) to ensure effective implementation of and action on: o Child/Forced labor rules and lists, including implementation of the U.S. forced labor statute o Uzbek cotton, o U.S. participation in, and funding for, International Labor Organization (ILO), o ILO Better Work programs, o China Xinjiang, o Bangladesh, Burma (Myanmar), Cambodia, Ethiopia, Guatemala, India, Jordan, Mauritius, Sri Lanka, Taiwan, Central America, Haiti, and FTA and trade preference labor cases, o Implementation of the Uyghur Forced Labor Prevention Act (Public Law No: 117-78), o Funding for various U.S. government agencies and international organizations that work on labor rights and leveling the playing field for American businesses and workers, and o Discussion with administration officials at USTR and DOL/ILAB on the labor provisions in the bilateral agreements on reciprocal trade (ARTs). Product Safety (CSP) Discussions with Administration, including CPSC, Commerce, USTR, and EPA, and various Congressional offices on: o e-Filing implementation, o Implementation of Consumer Product Safety Improvement Act (CPSIA), o Common standards and risk information sharing with trading partners, o Regulations involving flammability, sleepwear, and drawstring hazards, o Regulations involving Per- and polyfluoroalkyl substances (PFAS), including TSCA Section 8e reporting requirements, and proposed PFASrestrictions by the European Union and EU Member States, o Possible modifications to flammability requirements to add spandex to the exempt fibers list, o Implementation of previously implemented legislation to reduce third party testing burdens and costs, o Monitoring issues relating to apparel, footwear, and travel goods/fashion accessories safety and product labeling, o Implementation of the Frank R. Lautenberg Chemical Safety for the 21st Century Act, o Foreign chemical management initiatives that function as non-tariff barriers, o Link between counterfeit products, restricted chemicals, and how they hamper sustainability efforts o Digitization of apparel labeling as it relates to product safety information and recalls. Transportation Discussions with Congress and Administration on shipping delays and costs from the Red Sea and Strait of Hormuz crises. Discussions with Congress on freedom of navigation in Red Sea and Indo-Pacific including the South China Sea and Taiwan Strait. Discussions with Congress on protecting arctic shipping routes. Discussions with Congress and Administration on potential Panama Canal weather related disruption. Discussions with Congress and key agencies on port metrics. Discussions with Congress and the administration on rail issues Discussions with Congress and the administration on trucking issues Discussions with Federal Maritime Commission (FMC) and Congress on shipping delays, ocean carrier / port terminal issues, including congestion surcharges, demurrage charges, and anti-trust issues. Discussions with Congress on transportation legislation impacting the industry: o SHIPS for America Act and inclusions FY2027 NDAA 216-212 - in support of strengthening maritime security while in opposition of fees and restrictions, o Surface Transportation Reauthorization Act (BUILD America 250 Act H.R. 8870) - in support of, and o US Trade Representative Section 301 Investigation into Chinas Maritime Logistics and Shipbuilding Sectors - in opposition of port fees, equipment tariffs, and restrictions. Discussions with Congress and Administration on protecting the 902-928 MHz band. IPR Discussions with Congress and Administration on: O Nominations, appointments, and/or funding of intellectual property and/or scam focused programs , including the Intellectual Property (IP) Attache Program, and more, o Intellectual property, fraud, and counterfeit practices across the Digital Devalue Chain of Counterfeits, including e-commerce, social commerce, social platforms, and product and consumer safety, o Dangers of the growth of fraudulent advertising across social media platforms and fraudulent websites; discussions around curbing fraud, and pre-verification of paid advertisers, o FTC Public Comment on Whether to Update Rule on Impersonation of Government and Businesses to Address Platforms Role in Promoting Impersonation Scams, o Related international policies, o Artificial Intelligence, o Consumer safety and product safety, o Trademark Modernization Act of 2020, and o Fraudulent trademark filings at the USPTO and abroad, o Special 301 Report and Notorious Markets Report List, o Dupe influencers across social media, o National Security related to illicit economies, o OECD guidelines for countering illicit trade in counterfeit goods on online marketplaces or illicit trade, o Reforms around customs and border protection procedures and anti-counterfeiting processes; updates related to what is needed by brands to identify counterfeits, o Counterfeits, gray market goods and resale, o Consumer awareness campaign re the dangers of counterfeits, o Dangers of counterfeits and product safety dangers for consumers to U.S. businesses, workers and jobs, o Legislation and/or regulations to create secondary liability structure for online platforms, o Implementation, enforcement, expansion of and any technical corrections needed for INFORM Consumers Act (Public Law No. 117-328), o Reintroduction of the SHOP SAFE Act, o The SOCIAL MEDIA Act (S.626), o The Counterfeit Notification Act (S.2677,H.R. 4930 and NDAA Amendment #6009) CBP technology donation program, o The Communications Decency Act of 1996 Proposal to Sunset Section 230, o The Scam Act (H.R.7548) (S.3774), o Updates to Combating Trafficking in Counterfeit and Pirated Goods and revisiting the outstanding implementation plan, and o The ReportScams.gov Act (S.4782).

Client expense: $278,690 · Firm income: Not reported

Government targets: Centers For Disease Control & Prevention (CDC), Commerce, Dept of (DOC), Consumer Product Safety Commission (CPSC), Defense Logistics Agency, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), Federal Maritime Commission, Federal Mediation & Conciliation Service, Federal Reserve System, Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Intl Trade Administration (ITA), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Patent & Trademark Office (PTO), President of the U.S., SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office

Trade Domestic/Foreign (TRD) Discussions with Congress and Administration (including USTR, Treasury, Commerce, ITC, Labor, State, Agriculture, DLA, and Customs) on the following items: o Proposed and implemented tariffs under IEEPA, Section 301, Section 122, Section 232, and Section 338. o Bilateral China trade issues, including WTO compliance and the Section 301 investigation and Section 232 investigations. o Western Hemisphere issues, including USMCA, CAFTA-DR, and Haiti. o Implementation of existing and negotiation of new free trade agreements (FTAs). Issues discussed include: -Rules of origin, including for used textiles and textile waste -Duties -Customs provisions -IPR provisions -Labor provisions -Regulatory harmonization -Transportation measures -Government procurement. -Port maintenance issues -Trade deficits and global value chains. Tariffs and proposed bills to regulate tariff policy, including: U.S. HTS Chapter 62 U.S. Note 2 - water resistant definition [H.R.960] o New and existing trade preference programs, including: AGOA and Haiti HOPE/HELP (HR 6500) Discussions with Congress, Labor, USTR, CBP, State, and Commerce on the Agreements on Reciprocal Trade o Various trade and customs initiatives (such as First Sale, 9802, duty drawback, single window/ITDS, changes to ACE,green trade preferences for sustainable materials, and pending classifications, rulings, and regulations) covering textiles, apparel, footwear, andtravel goods. o Foreign trade barriers and practices (including comments for annual NTE and Special 301 and notorious markets reports), including Indonesias proposed Halal certification requirements o Pending nominations. o Current and proposed sanctions, including: - North Korea sanctions (CAATSA). - Uyghur Forced Labor Prevention Act (Public Law No: 117-78). Discussions with Congress, CPSC, and FTC to allow Digital Labeling for clothes. Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 (H.R. 5334) S.3841 - Last Sale Valuation Act of 2026 Discussions with Congress, CBP, USTR, State, Commerce, Treasury, and the White House on Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits) Discussions with Congress and CBP on the Consolidated Administration and Processing of Entries (CAPE) and other issues emanating from the Learning Resources Supreme Court decision. Discussions with Congress and USTR, State, and Commerce on the U.S.-China Board of Trade. Discussions with Congress and USTR, State, and Commerce on the Executive Order on Strengthening Customs Enforcement. Discussions with Congress and USTR, State, and Commerce on the Section 301 investigation into Vietnam's Acts, Policies, and Practices Related to Intellectual Property Protection and Enforcement. Discussions with Congress and USTR, State, and Commerce on the Section 301: Brazils Acts, Policies, and Practices Related to Digital Trade and Electronic Payment Services; Unfair, Preferential Tariffs; Anti-Corruption Enforcement; Intellectual Property Protection; Ethanol Market Access; and Illegal Deforestation Discussions with Congress and USTR, Labor, State, and Commerce on the Section 301 Investigations Relating to Failures to Take Action on Trade in Forced Labor Goods

Client expense: $278,690 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Centers For Disease Control & Prevention (CDC), Commerce, Dept of (DOC), Defense Logistics Agency, Federal Emergency Management Agency (FEMA), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Intl Trade Administration (ITA), Labor, Dept of (DOL), President of the U.S., SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR)

Issues relating to international trade negotiations; Issues relating to international trade; issues relating to tariffs and manufacturing; issues relating to USMCA; issues relating to The Last Sale Valuation Act (S.3841), and issues relating to IEEPA.

Client expense: $7,590,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)

USTR's s. 301 investigation of China and associated tariff actions, including imports of vanillin flavoring products, semiconductor manufacturing chemicals and battery-grade fluoropolymers. USTR, Docket Nos. USTR-2026-03868 (91 FR 9686), Request for Comments on the Design of a Plurilateral Agreement on Trade in Critical Minerals and Policy Actions To Strengthen the Resilience of Critical Mineral Supply Chains. Docket Nos. USTR-2026-0067 (91 FR 13394), Initiation of Section 301 Investigations: Acts, Policies, and Practices of Certain Economies Relating to Structural Excess Capacity and Production in Manufacturing Sectors. USTR, Docket Nos. USTR-2026-0133 (91 FR 12884), Initiation of Section 301 Investigations of Acts, Policies, and Practices of Various Economies Related to the Failure to Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced with Forced Labor. USTR, Docket Nos. USTR-2026-0265 (91 FR 34272), Initiation of Section 301 Investigations of Acts, Policies, and Practices of Various Economies Related to the Failure to Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced with Forced Labor. U.S. Department of Commerce and U.S. International Trade Commission investigation into unfairly priced imports of vanillin. Department of Commerce Request for Public Comments on Section 232 National Security Investigation of Imports of Semiconductors and Semiconductor Manufacturing Equipment, 90 FR 15950 (Apr. 16, 2025). US International Trade Commission Investigation, No. 337-TA-1439, battery-grade PVDF. U.S. Department of Commerce, International Trade Administration antidumping duty investigations of certain fatty acids from Indonesia and Malaysia, Case Nos. A-560-848 and A-557-834. Department of Commerce Request for Public Comments on Section 232 National Security Investigation of Imports of Pharmaceuticals and Pharmaceutical Ingredients, 90 FR 15951 (Apr. 16, 2025). Department of Commerce Request for Public Comments on Section 232 National Security Investigation of Imports of Processed Critical Minerals and Derivative Products, 90 FR 17372 (Apr. 22, 2025). S. 3841, Last Sale Valuation Act of 2026, including provisions related to amending customs regulations concerning valuation of imports.

Client expense: $220,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)

S.1259 and H.R.2653 - Manifest Modernization Act of 2025, requires public disclosure of manifest information for imports entering the U.S. by air, rail, and truck. S.4945 - Home Market Restoration Act of 2026, establishing tariff-rate quotas on imported shrimp. S.3841 - Last Sale Valuation Act of 2026, modify how importers are able to declare values for custom valuation purpose. S.4003/H.R. 7812 - Securing Accountability in Foreign Entities (SAFE) Act, strengthen the integrity of the U.S. customs system by closing loopholes that make it possible for foreign importers to avoid paying tariffs. H.R. 1869 - PAIL Act, would create a task force/named structure within the Criminal Division of the DOJ for the prosecution of "trade-related crimes." S.2868 - India Shrimp Tariff Act, phases in increases in the regular customs duty rate applied to imports of shrimp from India.

Client expense: Not reported · Firm income: $45,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Trade issues related to generic medicines Pharmaceutical supply chain S.3778: Consumer Labeling for Enhanced API Reporting and Legitimate Accountability for Base Entity Listings Act S.3841: Last Sale Valuation Act

Client expense: $360,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE

Issues relating to international trade; issues relating to tariffs; issues related to the impact of tariff policy on domestic manufacturing; issues relating to international trade negotiations; issues pertaining to USMCA; issues relating to The Last Sale Valuation Act (S.3841).

Client expense: $6,950,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)

301 Tariffs; Overcapacity Investigation and Forced Labor Investigation Sec. 232 Auto Tariffs USMCA IEEPA Reciprocal Tariffs Sec. 232 Steel & Aluminum Tariffs Sec. 232 Critical Mineral Tariff Investigation Sec. 232 Semiconductor Tariff Investigation Rare Earth Elements Sec. 232 robotics and industrial machinery investigation S.3841: Last Sale Valuation Act of 2026

Client expense: $1,477,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)

Discussions regarding trade enforcement actions and tariff proposals by the Administration Discussions regarding implementation of USMCA Discussions regarding S.3841, Last Sale Valuation Act of 2026

Client expense: $2,060,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)

H.R. 2213/S. 998, Medical Supply Chain Resiliency Act H.R. 2548/S. 1241, Sanctioning Russia Act of 2025 H.R. 3193, United States-Republic of Korea Digital Trade Enforcement Act H.R. 5926, Mexican Energy Trade Enforcement Act H.R. 6194/S. 2934, Protecting Americans from Russian Litigation Act of 2025 H.R. 6500, AGOA Extension Act H.R. 6504, Haiti Economic Lift Program Extension Act H.R. 8800/S. 4784, National Defense Authorization Act of 2027 S. 3841, Last Sale Valuation Act of 2026 Notice of Request for Comments on the Modernization of the African Growth and Opportunity Act (AGOA), (91 Fed. Reg. 23,142-23,144, April 29, 2026) Various issues relating to implementation of the Inflation Reduction Act, (P.L. 117-169); patent-related issues, including patent linkage, patent term restoration, patent examination practices, and patent quality measures; regulatory data protection; efforts related to the U.S. International Development Finance Corporation (DFC); efforts related to ensuring a streamlined tariff refund process; efforts related to the advancement of tax treaties with Poland and Croatia; efforts related to identifying unfair foreign trade practices; efforts related to the reauthorization of the African Growth and Opportunity Act (AGOA) (P.L. 106-200); efforts related to regulations issued by the Bank of Central African States (BEAC); efforts to preserve investment protections such as investor-state dispute settlement; efforts related to outlining critical mineral opportunities with key allies; efforts related to opposing international imposition of digital services taxes; related efforts supporting strong digital trade rules; efforts to modify permanent normal trade relations treatment with China; U.S. economic and commercial relations with key trading partners across the globe; efforts to implement an outbound investment screening mechanism; efforts related to modernizing customs processes and updating tariff application procedures, including revisions to the de minimis statute; efforts related to the development of trade relations in the Indo-Pacific; efforts related to the development of trade relations in the Americas region; efforts related to the joint review of the U.S.-Mexico-Canada Agreement (USMCA); implementation and enforcement of U.S. free-trade agreements in force with 20 countries; implementation and enforcement of the agreements and ongoing negotiations of the World Trade Organization (WTO); trade policy concerns regarding customs duties on electronic transmissions; implementation of U.S. sanctions on Russia, including those related to Russias invasion of Ukraine; efforts related to sustaining momentum on providing aid to Ukraine; efforts related to reauthorization of the Export-Import Bank (Ex-Im Bank); reforms or changes to export controls; EU Digital Markets Act; EU Digital Services Act; EU Data Act; EU AI Act; IP issues relating to internet counterfeiting and digital piracy; IP issues relating to artificial intelligence; Global Internet Governance; policies and regulations restricting outbound data flows and data transfers; digital-related policies in the G20, G7, OECD, WTO, United Nations, and other international fora; digital trade policy considerations including cross-border data flows, digital service taxes, and issues of forced data localization, and forced disclosure of source code; international trade and regulatory practices impacting digital goods and services; international competition policy and related regulations; international artificial intelligence policy; international 5G policy and telecommunications infrastructure; international cybersecurity policy; international policies on standards development; international policies on data privacy; international digital health policies; international policies related to content moderation and intermediary liability; advancing international regulatory cooperation; consumer protection policy and related regulations; digital and tech sovereignty and sovereign cloud; international policies related to online protections for children and minors; IP issues at the WTO and the World Intellectual Property Organization; the EUs General Pharmaceutical Legislation; IP issues in Latin America, including enforcement of trade agreements and compulsory licenses and general IP standards and practices in Argentina, Mexico, Brazil, Colombia, the Dominican Republic, Vietnam, and Chile; IP issues in India; pharmaceutical IP issues in the UAE; section 301 investigation on IP issues in Vietnam; USTRs Special 301 report and Review of Notorious Markets for Counterfeiting and Piracy; intersection of tariff-related policy and IP implications; U.S. Patent and Trademark Office IP Attache program; foreign pricing of pharmaceutical products; Most Favored Nation (MFN) reference pricing; supply chain and defense industrial base issues; development of the National Defense Authorization Act for Fiscal Year 2027

Client expense: $16,950,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), Defense, Dept of (DOD), Energy, Dept of, Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Natl Economic Council (NEC), Natl Institute of Standards & Technology (NIST), Natl Security Council (NSC), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. Trade Representative (USTR)

General issues related to international trade; Issues related to duties on fertilizer; Monitor issues related to energy tariffs; S. 3841, Last Sale Valuation Act of 2026. Issues related to Venezuelan energy exports; General issues related to fertilizer imports.

Client expense: $2,760,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Tariffs (IEEPA, Sec. 232, 301, 122)-Clarifications related to data requirements needed for tariff collection. Secure Revenue Clearance Channel Act (HR 7224)-Support provisions allowing for the quick clearance of low-value shipments while ensuring the collection of tariffs and halting the flow of illicit goods. Last Sale Valuation Act (S 3841)-

Client expense: $72,750 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Economic Council (NEC), SENATE, U.S. Trade Representative (USTR)

Trade Domestic/Foreign (TRD) Discussions with Congress and Administration (including USTR, Treasury, Commerce, ITC, Labor, State, Agriculture, DLA, and Customs) on the following items: o Proposed and implemented tariffs under IEEPA, Section 301, Section 122, and Section 232. o Bilateral China trade issues, including WTO compliance and the Section 301 investigation and Section 232 investigations. o Western Hemisphere issues, including USMCA, CAFTA-DR, and Haiti. o Implementation of existing and negotiation of new free trade agreements (FTAs). Issues discussed include: -Rules of origin, including for used textiles and textile waste -Duties -Customs provisions -IPR provisions -Labor provisions -Regulatory harmonization -Transportation measures -Government procurement. -Port maintenance issues -Trade deficits and global value chains. Tariffs and proposed bills to regulate tariff policy, including: U.S. HTS Chapter 62 U.S. Note 2 - water resistant definition [H.R.960] o New and existing trade preference programs, including: AGOA Haiti HOPE/HELP Discussions with Congress, USTR, CBP, State, and Commerce on the Agreements on Reciprocal Trade o Various trade and customs initiatives (such as First Sale, 9802, duty drawback, single window/ITDS, changes to ACE, green trade preferences for sustainable materials, and pending classifications, rulings, and regulations) covering textiles, apparel, footwear, and travel goods. o Foreign trade barriers and practices (including comments for annual NTE and Special 301 and notorious markets reports). o Pending nominations. o Current and proposed sanctions, including: - North Korea sanctions (CAATSA). - Uyghur Forced Labor Prevention Act (Public Law No: 117-78). Discussions with Congress, CPSC, and FTC to allow Digital Labeling for clothes. S. 1272/H.R. 2665 - Trade Review Act of 2025 S.1241/H.R.2548 - Sanctioning Russia Act of 2025 S.3841 - Last Sale Valuation Act of 2026 Discussions with Congress, CBP, USTR, State, Commerce, Treasury, and the White House on Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits) Discussions with Congress and CBP on the Consolidated Administration and Processing of Entries (CAPE) and other issues emanating from the Learning Resources Supreme Court decision. Discussions with Congress and USTR, State, and Commerce on the U.S.-China Board of Trade. Discussions with Congress and USTR, State, and Commerce on the Executive Order on Strengthening Customs Enforcement. Discussions with Congress and USTR, State, and Commerce on the Section 301 investigation into Vietnam's Acts, Policies, and Practices Related to Intellectual Property Protection and Enforcement. Discussions with Congress and USTR, State, and Commerce on the Section 301: Brazils Acts, Policies, and Practices Related to Digital Trade and Electronic Payment Services; Unfair, Preferential Tariffs; Anti-Corruption Enforcement; Intellectual Property Protection; Ethanol Market Access; and Illegal Deforestation Discussions with Congress and USTR, State, and Commerce on the Section 301 Investigations Relating to Failures to Take Action on Trade in Forced Labor Goods

Client expense: Not reported · Firm income: $7,729

Government targets: Centers For Disease Control & Prevention (CDC), Commerce, Dept of (DOC), Export-Import Bank of the United States (EXIM Bank), Federal Emergency Management Agency (FEMA), Federal Trade Commission (FTC), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Intl Trade Administration (ITA), Labor, Dept of (DOL), Natl Economic Council (NEC), Overseas Private Investment Corp (OPIC), President of the U.S., SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office

Trade Domestic/Foreign (TRD) Discussions with Congress and Administration (including USTR, Treasury, Commerce, ITC, Labor, State, Agriculture, DLA, and Customs) on the following items: o Proposed and implemented tariffs under IEEPA, Section 301, Section 122, and Section 232. o Bilateral China trade issues, including WTO compliance and the Section 301 investigation and Section 232 investigations. o Western Hemisphere issues, including USMCA, CAFTA-DR, and Haiti. o Implementation of existing and negotiation of new free trade agreements (FTAs). Issues discussed include: -Rules of origin, including for used textiles and textile waste -Duties -Customs provisions -IPR provisions -Labor provisions -Regulatory harmonization -Transportation measures -Government procurement. -Port maintenance issues -Trade deficits and global value chains. Tariffs and proposed bills to regulate tariff policy, including: U.S. HTS Chapter 62 U.S. Note 2 - water resistant definition [H.R.960] o New and existing trade preference programs, including: AGOA Haiti HOPE/HELP Discussions with Congress, USTR, CBP, State, and Commerce on the Agreements on Reciprocal Trade o Various trade and customs initiatives (such as First Sale, 9802, duty drawback, single window/ITDS, changes to ACE, green trade preferences for sustainable materials, and pending classifications, rulings, and regulations) covering textiles, apparel, footwear, and travel goods. o Foreign trade barriers and practices (including comments for annual NTE and Special 301 and notorious markets reports). o Pending nominations. o Current and proposed sanctions, including: - North Korea sanctions (CAATSA). - Uyghur Forced Labor Prevention Act (Public Law No: 117-78). Discussions with Congress, CPSC, and FTC to allow Digital Labeling for clothes. S. 1272/H.R. 2665 - Trade Review Act of 2025 S.1241/H.R.2548 - Sanctioning Russia Act of 2025 S.3841 - Last Sale Valuation Act of 2026 Discussions with Congress, CBP, USTR, State, Commerce, Treasury, and the White House on Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits) Discussions with Congress and CBP on the Consolidated Administration and Processing of Entries (CAPE) and other issues emanating from the Learning Resources Supreme Court decision. Discussions with Congress and USTR, State, and Commerce on the U.S.-China Board of Trade. Discussions with Congress and USTR, State, and Commerce on the Executive Order on Strengthening Customs Enforcement. Discussions with Congress and USTR, State, and Commerce on the Section 301 investigation into Vietnam's Acts, Policies, and Practices Related to Intellectual Property Protection and Enforcement. Discussions with Congress and USTR, State, and Commerce on the Section 301: Brazils Acts, Policies, and Practices Related to Digital Trade and Electronic Payment Services; Unfair, Preferential Tariffs; Anti-Corruption Enforcement; Intellectual Property Protection; Ethanol Market Access; and Illegal Deforestation Discussions with Congress and USTR, State, and Commerce on the Section 301 Investigations Relating to Failures to Take Action on Trade in Forced Labor Goods Defense (DEF) Comments and discussions on Berry Amendment, Federal Prison Industries (FPI), and Ability One programs with Administration and Members of Congress. Discussions with Members of Congress, White House, DoD, USTR, TSA, and DHS about implementation of Berry and procurement issues and the following legislation: FY 2026 Defense related measures - - HR 5371 - FY 2026 Continuing Resolution - Conversations about implementation of FY 2026 National Defense Authorization Act and preparations for FY 2027 defense authorization and appropriations related measures. Discussions with Congress and Administration on government procurement provisions in trade agreements. Discussion with Administration on follow up to the DLA War Games, including use of DPA Title III; stockpiling; centralized procurement of textiles, apparel, and footwear under DLA; and elimination of small purchase threshold. Discussions with the Administration and Congress on economic price adjustments (EPAs) in contracts. Discussions with the Administration and Congress on government procurement of PPE products. Discussion on textile, apparel, and footwear supply chain war game. Discussion with Congress and Administration on measures to strengthen the textile, apparel, and footwear supply chain including provisions relating to procurements of home textiles, boots, and other uniforms in a manner consistent with Berry. Discussions with Administration on Cybersecurity Maturity Model Certification (CMMC) compliance. Discussions with the Administration and Congress on restrictions of per and polyfluoroalkyl substances (PFAS). Discussion with the Administration and Congress on tariff and immigration issues related to the Defense Industrial Base. Small Business Discussions with Congress and Administration impact of tariffs and logistics issues on small business. Discussions with Federal Trade Commission (FTC) on digitizing apparel labels as well as on textile, wool, fur, and care labeling rules, and other labeling rules, including Made in USA labeling. Discussions with the Administration and Congress on FPI reform and impact on small business. Environment Discussions with Congress and Administration on issues as it relates to textile recycling infrastructure and technology, federal approaches to extended producer responsibility, material sustainability, microplastics, climate, and environment Discussions with Congress on Recycled Materials Attribution Act (H.R. 7502) Discussion with EPA on treatment of used textile waste as U.S.-origin inputs under FTAs Discussions with Congress on textile circularity infrastructure Discussions with Congress on H.R.960 - Protect Our Clothes from PFAS Act Discussions with Congress, on trade incentives for preferred material usage, and tariff and non-tariff barriers to utilizing recycled materials Discussions with Congress, EPA, and FTC to allow Digital Labeling for clothes Discussions with Congress and FTC on environmental marketing claims and the FTCs Green Guides Labor Discussion of WRAP program and with various legislative branch and executive branch officials. Discussions with Congress and Administration (including Labor, State, USTR, , and CBP) to ensure effective implementation of and action on: o Child/Forced labor rules and lists, including implementation of the U.S. forced labor statute o Uzbek cotton, o ILO Better Work programs, o China Xinjiang o Bangladesh, Burma (Myanmar), Cambodia, Ethiopia, Guatemala, India, Jordan, Mauritius, Sri Lanka, Taiwan, Central America, Haiti, and FTA and trade preference labor cases. o Implementation of the Uyghur Forced Labor Prevention Act (Public Law No: 117-78). o Funding for various U.S. government agencies and international organizations that work on labor rights and leveling the playing field for American businesses and workers. o Discussion with administration officials at USTR and DOL/ILAB on the labor provisions in the bilateral agreements on reciprocal trade (ARTs) o Discussion with administration officials at State, USTR, DOL/ILAB on funding for ILAB and the International Labor Organization (ILO) Product Safety (CSP) Discussions with Administration, including CPSC, Commerce, USTR, and EPA, and various Congressional offices on: e-Filing implementation Implementation of Consumer Product Safety Improvement Act (CPSIA) Common standards and risk information sharing with trading partners Regulations involving flammability, sleepwear, and drawstring hazards. Regulations involving Per- and polyfluoroalkyl substances (PFAS), including TSCA Section 8e reporting requirements, and proposed PFAS restrictions by the European Union and EU Member States. Possible modifications to flammability requirements to add spandex to the exempt fibers list. Implementation of previously implemented legislation to reduce third party testing burdens and costs. Monitoring issues relating to apparel, footwear, and travel goods/fashion accessories safety and product labeling. Implementation of the Frank R. Lautenberg Chemical Safety for the 21st Century Act Foreign chemical management initiatives that function as non-tariff barriers. Link between counterfeit products, restricted chemicals, and how they hamper sustainability efforts Digitization of apparel labeling as it relates to product safety information and recalls. Transportation Discussions with Congress and Administration on shipping delays and costs from the Red Sea and Strait of Hormuz crises Discussions with Congress on freedom of navigation in Red Sea and Indo-Pacific including the South China Sea and Taiwan Strait Discussions with Congress on protecting arctic shipping routes Discussions with Congress and key agencies on port metrics. Discussions with Congress and the administration on rail issues Discussions with Congress and the administration on trucking issues Discussions with Federal Maritime Commission (FMC) and Congress on shipping delays, ocean carrier / port terminal issues, including congestion surcharges, demurrage charges, and anti-trust issues Discussions with Congress on transportation legislation impacting the industry: o SHIPS for America Act - in opposition of fees and restrictions o Ocean Shipping Reform Act (Public Law No: 117-146) - in support of o Surface Transportation Reauthorization Act (BUILD America 250 Act) - in support of o US Trade Representative Section 301 Investigation into Chinas Maritime Logistics and Shipbuilding Sectors - in opposition of port fees, equipment tariffs, and restrictions Discussions with Congress and Administration on reconfiguration of the 902-928 MHz band IPR Discussions with Congress and Administration on: nominations, appointments, and/or funding of intellectual property and/or scam focused programs , including the Intellectual Property (IP) Attache Program , and more. o Intellectual property, and counterfeit practices across the Digital Devalue Chain of Counterfeits, including e-commerce, social commerce, social platforms, and product and consumer safety. o Dangers of the growth of fraudulent advertising across social media platforms and fraudulent websites; discussions around curbing fraud, and pre-verification of paid advertisers o Related international policies o Artificial Intelligence o Consumer safety and product safety o Trademark Modernization Act of 2020 o Fraudulent trademark filings at the USPTO and abroad. o USTR and others in the inter-agency process re Special 301 Report and Notorious Markets Report List o Dupe influencers across social media. o National Security related to illicit economies State Dept, USPTO, IPEC, IPRC re OECD / guidelines for countering illicit trade in counterfeit goods on online marketplaces or illicit trade o Reforms around customs and border protection procedures and anti-counterfeiting processes; updates related to what is needed by brands to identify counterfeits o Counterfeits, gray market goods and resale. o Consumer awareness campaign re the dangers of counterfeits. o Dangers of counterfeits and product safety dangers for consumers to U.S. businesses, workers and jobs. o Legislation and/or regulations to create secondary liability structure for online platforms. o Implementation, enforcement, expansion of and any technical corrections needed for INFORM Consumers Act (Public Law No. 117-328) o Reintroduction of the SHOP SAFE Act o The SOCIAL MEDIA Act (S.626) - o Raising awareness and exploring solutions for the Digital Devalue Chain of Counterfeits o The Counterfeit Notification Act (S.2677,H.R. 4930 and NDAA Amendment #6009) CBP technology donation program o The Communications Decency Act of 1996 Proposal to Sunset Section 230 o The Scam Act (H.R.7548) (S.3774) o Updates to Combating Trafficking in Counterfeit and Pirated Goods and revisiting the outstanding implementation plan The ReportScams.gov Act (S.4782)

Client expense: $372,780 · Firm income: Not reported

Government targets: Centers For Disease Control & Prevention (CDC), Commerce, Dept of (DOC), Consumer Product Safety Commission (CPSC), Defense Logistics Agency, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), Federal Maritime Commission, Federal Mediation & Conciliation Service, Federal Reserve System, Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Intl Trade Administration (ITA), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Patent & Trademark Office (PTO), President of the U.S., SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office

Trade Domestic/Foreign (TRD) Discussions with Congress and Administration (including USTR, Treasury, Commerce, ITC, Labor, State, Agriculture, DLA, and Customs) on the following items: o Proposed and implemented tariffs under IEEPA, Section 301, Section 122, and Section 232. o Bilateral China trade issues, including WTO compliance and the Section 301 investigation and Section 232 investigations. o Western Hemisphere issues, including USMCA, CAFTA-DR, and Haiti. o Implementation of existing and negotiation of new free trade agreements (FTAs). Issues discussed include: -Rules of origin, including for used textiles and textile waste -Duties -Customs provisions -IPR provisions -Labor provisions -Regulatory harmonization -Transportation measures -Government procurement. -Port maintenance issues -Trade deficits and global value chains. Tariffs and proposed bills to regulate tariff policy, including: U.S. HTS Chapter 62 U.S. Note 2 - water resistant definition [H.R.960] o New and existing trade preference programs, including: AGOA Haiti HOPE/HELP Discussions with Congress, USTR, CBP, State, and Commerce on the Agreements on Reciprocal Trade o Various trade and customs initiatives (such as First Sale, 9802, duty drawback, single window/ITDS, changes to ACE, green trade preferences for sustainable materials, and pending classifications, rulings, and regulations) covering textiles, apparel, footwear, and travel goods. o Foreign trade barriers and practices (including comments for annual NTE and Special 301 and notorious markets reports). o Pending nominations. o Current and proposed sanctions, including: - North Korea sanctions (CAATSA). - Uyghur Forced Labor Prevention Act (Public Law No: 117-78). Discussions with Congress, CPSC, and FTC to allow Digital Labeling for clothes. S. 1272/H.R. 2665 - Trade Review Act of 2025 S.1241/H.R.2548 - Sanctioning Russia Act of 2025 S.3841 - Last Sale Valuation Act of 2026 Discussions with Congress, CBP, USTR, State, Commerce, Treasury, and the White House on Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits) Discussions with Congress and CBP on the Consolidated Administration and Processing of Entries (CAPE) and other issues emanating from the Learning Resources Supreme Court decision. Discussions with Congress and USTR, State, and Commerce on the U.S.-China Board of Trade. Discussions with Congress and USTR, State, and Commerce on the Executive Order on Strengthening Customs Enforcement. Discussions with Congress and USTR, State, and Commerce on the Section 301 investigation into Vietnam's Acts, Policies, and Practices Related to Intellectual Property Protection and Enforcement. Discussions with Congress and USTR, State, and Commerce on the Section 301: Brazils Acts, Policies, and Practices Related to Digital Trade and Electronic Payment Services; Unfair, Preferential Tariffs; Anti-Corruption Enforcement; Intellectual Property Protection; Ethanol Market Access; and Illegal Deforestation Discussions with Congress and USTR, State, and Commerce on the Section 301 Investigations Relating to Failures to Take Action on Trade in Forced Labor Goods

Client expense: $372,780 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Centers For Disease Control & Prevention (CDC), Commerce, Dept of (DOC), Defense Logistics Agency, Federal Emergency Management Agency (FEMA), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Intl Trade Administration (ITA), Labor, Dept of (DOL), President of the U.S., SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR)

Tax proposals building on One Big Beautiful Bill Act law and implementation (R&D expensing, BEAT, FDII, Corporate Alternative Minimum Tax) HR 591 - Defending American Jobs and Investment Act HR 1414 - Camerons Law, to restore orphan drug research tax credit HR 1911 - To amend the Internal Revenue Code of 1986 to provide that certain payments to foreign related parties subject to sufficient foreign tax are not treated as base erosion payments HR 1990 - American Innovation and R&D Competitiveness Act of 2025 S.1605 - International Competition for American Jobs Act S.1639 - American Innovation and Jobs Act S.3841 - Last Sale Valuation Act of 2026 Issues related to a Most Favored Nations policy in Medicare and Medicaid Issues related to the renewable energy tax credits and other energy credits included in the Inflation Reduction Act Most Favored Nations and pharmaceutical R&D innovation Most Favored Nation drug pricing proposals Pharmaceutical investment and pricing issues in ex-US countries US trade tools (investigations, tariffs, trade agreements, congressional oversight, rules of origin, CBP enforcement, investment screening) US-Mexico-Canada trade agreement (USMCA)

Client expense: $1,680,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Trade, tariff, and customs policies and proposals affecting retailers. Responsible sourcing policy proposals affecting retailers. Section 301 tariffs. S. 3841, Last Sale Valuation Act of 2026.

Client expense: $330,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Monitor issues related to energy tariffs. S. 3841, Last Sale Valuation Act of 2026.

Client expense: Not reported · Firm income: $80,000

Government targets: SENATE

Public Law 117-78, Uyghur Forced Labor Prevention Act; issues related to implementation, trade policy Issues related to US-China trade policy Issues related to US-Vietnam trade policy Issues related to US-India trade policy Issues related to US-Indonesia trade policy The U.S.-Mexico-Canada (USMCA) agreement review S.3841 - Last Sale Valuation Act of 2026 Issues related to global supply chain policy Issues related to tariffs and the International Emergency Economic Powers Act (IEEPA), Section 122 tariffs, Section 301 tariffs, Section 232 steel and aluminum tariffs, and IEEPA reciprocal tariffs. Section 301 investigation structural excess capacity (USTR-2026-0067, USTR-2026-0068) Section 301 investigation forced labor (USTR-2026-0067, USTR-2026-0068) Section 301 investigations IP (USTR-2026-0397 and USTR-2026-0364)

Client expense: $170,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, U.S. Customs & Border Protection, U.S. Trade Representative (USTR)

H.R. 33/S. 199, United States-Taiwan Expedited Double-Tax Relief Act H.R. 2213/S. 998, Medical Supply Chain Resiliency Act H.R. 2548/S. 1241, Sanctioning Russia Act of 2025 H.R. 2665/S. 1272, Trade Review Act of 2025 H.R. 3193, United States-Republic of Korea Digital Trade Enforcement Act H.R. 5197/S. 3103, A bill to authorize the extension of nondiscriminatory treatment (normal trade relations treatment) to products of certain countries H.R. 5926, Mexican Energy Trade Enforcement Act H.R. 6194/S. 2934, Protecting Americans from Russian Litigation Act of 2025 H.R. 6500, AGOA Extension Act H.R. 6504, Haiti Economic Lift Program Extension Act S. 3399, Digital Trade Promotion Act S. 3841, Last Sale Valuation Act of 2026 H.J. Res. 72, Relating to the National Emergency by the President on February 1, 2025 S.J. Res. 77, A joint resolution terminating the national emergency declared to impose duties on articles imported from Canada S.J. Res. 88, A joint resolution terminating the national emergency declared to impose global tariffs Various issues relating to U.S.-Korea digital trade and services; Congressional tariff authority; Adoption and Procedures of the Section 232 Steel and Aluminum Tariff Inclusions Process; reform of the World Trade Organization (WTO); implementation of the One Big Beautiful Bill Act, (P.L. 119-21); implementation of the Trade Facilitation and Trade Enforcement Act of 2015 (P.L. 114-125); implementation of the Inflation Reduction Act, (P.L. 117-169); pharmaceutical price controls; patent-related issues, including patent linkage, patent term restoration, patent examination practices, and patent quality measures; regulatory data protection; efforts related to the U.S. International Development Finance Corporation (DFC); efforts related to ensuring a streamlined tariff refund process; efforts related to the advancement of tax treaties with Poland and Croatia; efforts related to identifying unfair foreign trade practices; efforts related to the extension of the African Growth and Opportunity Act (AGOA) (P.L. 106-200); efforts related to regulations issued by the Bank of Central African States (BEAC); efforts to preserve investment protections such as investor-state dispute settlement; efforts related to outlining critical mineral opportunities with key allies; efforts related to opposing international imposition of digital services taxes; efforts related to supporting strong digital trade rules; efforts to modify permanent normal trade relations treatment with China; U.S. economic and commercial relations with key trading partners across the globe; efforts to implement an outbound investment screening mechanism; efforts related to modernizing customs processes and updating tariff application procedures, including revisions to the de minimis statute; efforts related to the development of trade relations in the Indo-Pacific; efforts related to the development of trade relations in the Americas region; efforts related to the joint review of the U.S.-Mexico-Canada Agreement (USMCA); implementation and enforcement of U.S. free-trade agreements in force with 20 countries; implementation and enforcement of the agreements and ongoing negotiations of the WTO; trade policy concerns regarding customs duties on electronic transmissions; implementation of U.S. sanctions on Russia, including those related to Russias invasion of Ukraine; efforts related to sustaining momentum on providing aid to Ukraine; efforts related to reauthorization of the Export-Import Bank (Ex-Im Bank); reforms or changes to export controls; EU Digital Markets Act; EU Digital Services Act; EU Data Act; EU AI Act; IP issues relating to internet counterfeiting and digital piracy; IP issues relating to artificial intelligence; Global Internet Governance; policies and regulations restricting outbound data flows and data transfers; digital-related policies in the G20, G7, OECD, WTO, United Nations, and other international fora; digital trade policy considerations including cross-border data flows, digital service taxes, and issues of forced data localization, and forced disclosure of source code; international trade and regulatory practices impacting digital goods and services; international competition policy and related regulations; international artificial intelligence policy; international 5G policy and telecommunications infrastructure; international cybersecurity policy; international policies on standards development; international policies on data privacy; international digital health policies; international policies related to content moderation and intermediary liability; advancing international regulatory cooperation; consumer protection policy and related regulations; steel and aluminum tariffs; digital and tech sovereignty and sovereign cloud; IP issues at the WTO and the World Intellectual Property Organization; the EUs General Pharmaceutical Legislation; IP issues in Latin America, including enforcement of trade agreements and compulsory licenses and general IP standards and practices in Argentina, Mexico, Brazil, Colombia, and Chile; IP issues in India; USTRs Special 301 report and Review of Notorious Markets for Counterfeiting and Piracy; intersection of tariff-related policy and IP implications; U.S. Patent and Trademark Office IP Attache program; imposition of potential patent valuation fees; foreign pricing of pharmaceutical products; Most Favored Nation (MFN) reference pricing; ongoing practice of discretionary denials at the Patent Trial and Appeal Board; international competition policy, specifically FTC and DOJ involvement in the European Unions implementation of the EU Digital Markets Act; International Emergency Economic Powers Act (50 U.S.C. 1701(a)(b)) (IEEPA); IEEPA tariff refund implementation following the Supreme Courts decision in Learning Resources v. Trump; Directive (EU) 2024/2853 of the European Parliament and of the Council of 23 October 2024 on liability for defective products and repealing Council Directive 85/374/EEC; Mexicos Tax Administration Service (SAT); recommended changes to the EUs Corporate Sustainability Due Diligence Directive (CS3D); supply chain and defense industrial base issues; development of the National Defense Authorization Act for Fiscal Year 2027

Client expense: $19,750,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), Defense, Dept of (DOD), Energy, Dept of, Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Natl Economic Council (NEC), Natl Institute of Standards & Technology (NIST), Natl Security Council (NSC), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. Trade Representative (USTR)

USTR's s. 301 investigation of China and associated tariff actions, including imports of vanillin flavoring products, semiconductor manufacturing chemicals and battery-grade fluoropolymers. USTR, Docket Nos. USTR-2026-03868 (91 FR 9686), Request for Comments on the Design of a Plurilateral Agreement on Trade in Critical Minerals and Policy Actions To Strengthen the Resilience of Critical Mineral Supply Chains. Docket Nos. USTR-2026-0067 (91 FR 13394), Initiation of Section 301 Investigations: Acts, Policies, and Practices of Certain Economies Relating to Structural Excess Capacity and Production in Manufacturing Sectors. USTR, Docket Nos. USTR-2026-0133 (91 FR 12884), Initiation of Section 301 Investigations of Acts, Policies, and Practices of Various Economies Related to the Failure to Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced with Forced Labor. USTR, Docket Nos. USTR-2026-0265 (91 FR 34272), Initiation of Section 301 Investigations of Acts, Policies, and Practices of Various Economies Related to the Failure to Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced with Forced Labor. U.S. Department of Commerce and U.S. International Trade Commission investigation into unfairly priced imports of vanillin. Department of Commerce Request for Public Comments on Section 232 National Security Investigation of Imports of Semiconductors and Semiconductor Manufacturing Equipment, 90 FR 15950 (Apr. 16, 2025). US International Trade Commission Investigation, No. 337-TA-1439, battery-grade PVDF. Department of Commerce Request for Public Comments on Section 232 National Security Investigation of Imports of Pharmaceuticals and Pharmaceutical Ingredients, 90 FR 15951 (Apr. 16, 2025). Department of Commerce Request for Public Comments on Section 232 National Security Investigation of Imports of Processed Critical Minerals and Derivative Products, 90 FR 17372 (Apr. 22, 2025). S. 3841, Last Sale Valuation Act of 2026, including provisions related to amending customs regulations concerning valuation of imports.

Client expense: $230,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR)

Trade issues related to generic medicines Pharmaceutical supply chain S.3778: Consumer Labeling for Enhanced API Reporting and Legitimate Accountability for Base Entity Listings Act S.3841: Last Sale Valuation Act

Client expense: $490,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE

Issues relating to international trade negotiations; Issues relating to international trade; issues relating to tariffs and manufacturing; issues relating to USMCA; issues relating to The Last Sale Valuation Act (S.3841), and issues relating to IEEPA.

Client expense: $7,590,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)

Discussions regarding trade enforcement actions and tariff proposals by the Administration Discussions regarding implementation of USMCA Discussions regarding S.3841, Last Sale Valuation Act of 2026 Discussions regarding Securing Accountability in Foreign Entries (SAFE) Act Discussions regarding trade preference programs Discussions regarding the African Growth and Opportunity Act (AGOA) Discussions related to market operations and opportunities in ongoing trade negotiations

Client expense: $3,290,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office

301 Tariffs; Overcapacity Investigation and Forced Labor Investigation Sec. 232 Auto Tariffs USMCA IEEPA Reciprocal Tariffs Sec. 232 Steel & Aluminum Tariffs Sec. 232 Critical Mineral Tariff Investigation Sec. 232 Semiconductor Tariff Investigation Rare Earth Elements Sec. 232 robotics and industrial machinery investigation S.3841 - Last Sale Valuation Act of 2026

Client expense: $879,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)

H.R. 33/S. 199, United States-Taiwan Expedited Double-Tax Relief Act H.R. 2213/S. 998, Medical Supply Chain Resiliency Act H.R. 2548/S. 1241, Sanctioning Russia Act of 2025 H.R. 2665/S. 1272, Trade Review Act of 2025 H.R. 3193, United States-Republic of Korea Digital Trade Enforcement Act H.R. 5197/S. 3103, A bill to authorize the extension of nondiscriminatory treatment (normal trade relations treatment) to products of certain countries H.R. 5926, Mexican Energy Trade Enforcement Act H.R. 6194/S. 2934, Protecting Americans from Russian Litigation Act of 2025 H.R. 6500, AGOA Extension Act H.R. 6504, Haiti Economic Lift Program Extension Act S. 3399, Digital Trade Promotion Act S. 3841, Last Sale Valuation Act of 2026 H.J. Res. 72, Relating to the National Emergency by the President on February 1, 2025 S.J. Res. 77, A joint resolution terminating the national emergency declared to impose duties on articles imported from Canada S.J. Res. 88, A joint resolution terminating the national emergency declared to impose global tariffs Various issues relating to U.S.-Korea digital trade and services; Congressional tariff authority; Adoption and Procedures of the Section 232 Steel and Aluminum Tariff Inclusions Process; reform of the World Trade Organization (WTO); implementation of the One Big Beautiful Bill Act, (P.L. 119-21); implementation of the Trade Facilitation and Trade Enforcement Act of 2015 (P.L. 114-125); implementation of the Inflation Reduction Act, (P.L. 117-169); pharmaceutical price controls; patent-related issues, including patent linkage, patent term restoration, patent examination practices, and patent quality measures; regulatory data protection; efforts related to the U.S. International Development Finance Corporation (DFC); efforts related to ensuring a streamlined tariff refund process; efforts related to the advancement of tax treaties with Poland and Croatia; efforts related to identifying unfair foreign trade practices; efforts related to the extension of the African Growth and Opportunity Act (AGOA) (P.L. 106-200); efforts related to regulations issued by the Bank of Central African States (BEAC); efforts to preserve investment protections such as investor-state dispute settlement; efforts related to outlining critical mineral opportunities with key allies; efforts related to opposing international imposition of digital services taxes; efforts related to supporting strong digital trade rules; efforts to modify permanent normal trade relations treatment with China; U.S. economic and commercial relations with key trading partners across the globe; efforts to implement an outbound investment screening mechanism; efforts related to modernizing customs processes and updating tariff application procedures, including revisions to the de minimis statute; efforts related to the development of trade relations in the Indo-Pacific; efforts related to the development of trade relations in the Americas region; efforts related to the joint review of the U.S.-Mexico-Canada Agreement (USMCA); implementation and enforcement of U.S. free-trade agreements in force with 20 countries; implementation and enforcement of the agreements and ongoing negotiations of the WTO; trade policy concerns regarding customs duties on electronic transmissions; implementation of U.S. sanctions on Russia, including those related to Russias invasion of Ukraine; efforts related to sustaining momentum on providing aid to Ukraine; efforts related to reauthorization of the Export-Import Bank (Ex-Im Bank); reforms or changes to export controls; EU Digital Markets Act; EU Digital Services Act; EU Data Act; EU AI Act; IP issues relating to internet counterfeiting and digital piracy; IP issues relating to artificial intelligence; Global Internet Governance; policies and regulations restricting outbound data flows and data transfers; digital-related policies in the G20, G7, OECD, WTO, United Nations, and other international fora; digital trade policy considerations including cross-border data flows, digital service taxes, and issues of forced data localization, and forced disclosure of source code; international trade and regulatory practices impacting digital goods and services; international competition policy and related regulations; international artificial intelligence policy; international 5G policy and telecommunications infrastructure; international cybersecurity policy; international policies on standards development; international policies on data privacy; international digital health policies; international policies related to content moderation and intermediary liability; advancing international regulatory cooperation; consumer protection policy and related regulations; steel and aluminum tariffs; digital and tech sovereignty and sovereign cloud; IP issues at the WTO and the World Intellectual Property Organization; the EUs General Pharmaceutical Legislation; IP issues in Latin America, including enforcement of trade agreements and compulsory licenses and general IP standards and practices in Argentina, Mexico, Brazil, Colombia, and Chile; IP issues in India; USTRs Special 301 report and Review of Notorious Markets for Counterfeiting and Piracy; intersection of tariff-related policy and IP implications; U.S. Patent and Trademark Office IP Attache program; imposition of potential patent valuation fees; foreign pricing of pharmaceutical products; Most Favored Nation (MFN) reference pricing; ongoing practice of discretionary denials at the Patent Trial and Appeal Board; international competition policy, specifically FTC and DOJ involvement in the European Unions implementation of the EU Digital Markets Act; International Emergency Economic Powers Act (50 U.S.C. 1701(a)(b)) (IEEPA); IEEPA tariff refund implementation following the Supreme Courts decision in Learning Resources v. Trump; Directive (EU) 2024/2853 of the European Parliament and of the Council of 23 October 2024 on liability for defective products and repealing Council Directive 85/374/EEC; Mexicos Tax Administration Service (SAT); recommended changes to the EUs Corporate Sustainability Due Diligence Directive (CS3D); supply chain and defense industrial base issues; development of the National Defense Authorization Act for Fiscal Year 2027

Client expense: $19,750,000 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), Defense, Dept of (DOD), Energy, Dept of, Executive Office of the President (EOP), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Justice, Dept of (DOJ), Natl Economic Council (NEC), Natl Institute of Standards & Technology (NIST), Natl Security Council (NSC), Office of Management & Budget (OMB), Patent & Trademark Office (PTO), SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. Trade Representative (USTR)

Trade, tariff, and customs policies and proposals affecting retailers. Responsible sourcing policy proposals affecting retailers. Section 301 tariffs. S. 3841, Last Sale Valuation Act of 2026.

Client expense: $470,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General issues related to international trade; Issues related to duties on fertilizer; Monitor issues related to energy tariffs; S. 3841, Last Sale Valuation Act of 2026.

Client expense: $3,080,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

S 3841 Last Sale Valuation Act of 2026; IRS Notice 2026-1: Safe Harbor for the Credit for Carbon Oxide Sequestration under Section 45Q for Qualified Carbon Oxide Disposed of in Secure Geological Storage in Calendar Year 2025; 91 Fed. Reg. 5160 Section 45Z Clean Fuel Production Credit; regulatory efforts related to the Corporate Alternative Minimum Tax (CAMT) implementation

Client expense: $1,910,000 · Firm income: Not reported

Government targets: Internal Revenue Service (IRS), SENATE, Treasury, Dept of

Monitor issues related to energy tariffs. S. 3841, Last Sale Valuation Act of 2026.

Client expense: Not reported · Firm income: $80,000

Government targets: SENATE

Public Law 117-78, Uyghur Forced Labor Prevention Act; issues related to implementation, trade policy AGOA Renewal and Improvement Act - Section 5019, Division I of the Consolidated Appropriations Act, 2026 (P.L. 119-75) Issues related to US-China trade policy Issues related to US-Vietnam trade policy Issues related to US-India trade policy Issues related to US-Indonesia trade policy The U.S.-Mexico-Canada (USMCA) agreement review S.3841 - Last Sale Valuation Act of 2026 Issues related to global supply chain policy Issues related to tariffs and the International Emergency Economic Powers Act (IEEPA), Section 122 tariffs, Section 301 tariffs, Section 232 steel and aluminum tariffs, and IEEPA reciprocal tariffs. Section 301 investigation structural excess capacity (USTR-2026-0067, USTR-2026-0068) Section 301 investigation forced labor (USTR-2026-0067, USTR-2026-0068)

Client expense: $140,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, U.S. Customs & Border Protection, U.S. Trade Representative (USTR)

Trade Domestic/Foreign (TRD) Discussions with Congress and Administration (including USTR, Treasury, Commerce, ITC, Labor, State, Agriculture, DLA, and Customs) on the following items: o Proposed and implemented tariffs under IEEPA, Section 301, and Section 232. o Bilateral China trade issues, including WTO compliance and the Section 301 investigation and Section 232 investigations. o Western Hemisphere issues, including USMCA, CAFTA-DR, and Haiti. o Implementation of existing and negotiation of new free trade agreements (FTAs). Issues discussed include: -Rules of origin, including for used textiles and textile waste -Duties -Customs provisions -IPR provisions -Labor provisions -Regulatory harmonization -Transportation measures -Government procurement. -Port maintenance issues -Trade deficits and global value chains. Tariffs and proposed bills to regulate tariff policy, including: U.S. HTS Chapter 62 U.S. Note 2 - water resistant definition [H.R.960] o New and existing trade preference programs, including: AGOA Extension Act (H.R.6500) Haiti Economic Lift Program Extension Act (H.R.6504) Haiti Economic Lift Program Extension Act of 2025 (S.742) Discussions with Congress, USTR, CBP, State, and Commerce on the Agreements on Reciprocal Trade o Various trade and customs initiatives (such as First Sale, 9802, , duty drawback, single window/ITDS, changes to ACE, green trade preferences for sustainable materials, and pending classifications, rulings, and regulations) covering textiles, apparel, footwear, and travel goods. o Foreign trade barriers and practices (including comments for annual NTE and Special 301 and notorious markets reports). o Pending nominations. o Current and proposed sanctions, including: - North Korea sanctions (CAATSA). - Uyghur Forced Labor Prevention Act (Public Law No: 117-78). o Country of Origin Labeling Online Act Discussions with Congress, CPSC, and FTC to allow Digital Labeling for clothes. S. 1272/H.R. 2665 - Trade Review Act of 2025 S.1241/H.R.2548 - Sanctioning Russia Act of 2025 S.3841 - Last Sale Valuation Act of 2026 Discussions with Congress, CBP, USTR, State, Commerce, Treasury, and the White House on Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits) Discussions with Congress and CBP on the Consolidated Administration and Processing of Entries (CAPE) and other issues emanating from the Learning Resources Supreme Court decision.

Client expense: Not reported · Firm income: $7,729

Government targets: Centers For Disease Control & Prevention (CDC), Commerce, Dept of (DOC), Export-Import Bank of the United States (EXIM Bank), Federal Emergency Management Agency (FEMA), Federal Trade Commission (FTC), Government Accountability Office (GAO), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Intl Trade Administration (ITA), Labor, Dept of (DOL), Natl Economic Council (NEC), Overseas Private Investment Corp (OPIC), President of the U.S., SENATE, State, Dept of (DOS), Treasury, Dept of, U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office

Trade Domestic/Foreign (TRD) Discussions with Congress and Administration (including USTR, Treasury, Commerce, ITC, Labor, State, Agriculture, DLA, and Customs) on the following items: o Proposed and implemented tariffs under IEEPA, Section 301, and Section 232. o Bilateral China trade issues, including WTO compliance and the Section 301 investigation and Section 232 investigations. o Western Hemisphere issues, including USMCA, CAFTA-DR, and Haiti. o Implementation of existing and negotiation of new free trade agreements (FTAs). Issues discussed include: -Rules of origin, including for used textiles and textile waste -Duties -Customs provisions -IPR provisions -Labor provisions -Regulatory harmonization -Transportation measures -Government procurement. -Port maintenance issues -Trade deficits and global value chains. Tariffs and proposed bills to regulate tariff policy, including: U.S. HTS Chapter 62 U.S. Note 2 - water resistant definition [H.R.960] o New and existing trade preference programs, including: AGOA Extension Act (H.R.6500) Haiti Economic Lift Program Extension Act (H.R.6504) Haiti Economic Lift Program Extension Act of 2025 (S.742) Discussions with Congress, USTR, CBP, State, and Commerce on the Agreements on Reciprocal Trade o Various trade and customs initiatives (such as First Sale, 9802, , duty drawback, single window/ITDS, changes to ACE, green trade preferences for sustainable materials, and pending classifications, rulings, and regulations) covering textiles, apparel, footwear, and travel goods. o Foreign trade barriers and practices (including comments for annual NTE and Special 301 and notorious markets reports). o Pending nominations. o Current and proposed sanctions, including: - North Korea sanctions (CAATSA). - Uyghur Forced Labor Prevention Act (Public Law No: 117-78). o Country of Origin Labeling Online Act Discussions with Congress, CPSC, and FTC to allow Digital Labeling for clothes. S. 1272/H.R. 2665 - Trade Review Act of 2025 S.1241/H.R.2548 - Sanctioning Russia Act of 2025 S.3841 - Last Sale Valuation Act of 2026 Discussions with Congress, CBP, USTR, State, Commerce, Treasury, and the White House on Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits) Discussions with Congress and CBP on the Consolidated Administration and Processing of Entries (CAPE) and other issues emanating from the Learning Resources Supreme Court decision. Defense (DEF) Comments and discussions on Berry Amendment, Federal Prison Industries (FPI), and Ability One programs with Administration and Members of Congress. Discussions with Members of Congress, White House, DoD, USTR, TSA, and DHS about implementation of Berry and procurement issues and the following legislation: FY 2026 Defense related measures - - HR 5371 - FY 2026 Continuing Resolution - Conversations about implementation of FY 2026 National Defense Authorization Act and preparations for FY 2027 defense authorization and appropriations related measures. Discussions with Congress and Administration on government procurement provisions in trade agreements. Discussion with Administration on follow up to the DLA War Games, including use of DPA Title III; stockpiling; centralized procurement of textiles, apparel, and footwear under DLA; and elimination of small purchase threshold. Discussions with the Administration and Congress on economic price adjustments (EPAs) in contracts. Discussions with the Administration and Congress on government procurement of PPE products. Discussion on textile, apparel, and footwear supply chain war game. Discussion with Congress and Administration on measures to strengthen the textile, apparel, and footwear supply chain including provisions relating to procurements of home textiles, boots, and other uniforms in a manner consistent with Berry. Discussions with the Administration and Congress on restrictions of per and polyfluoroalkyl substances (PFAS). Discussion with the Administration and Congress on tariff and immigration issues related to the Defense Industrial Base. Small Business Discussions with Congress and Administration impact of tariffs and logistics issues on small business. Discussions with Federal Trade Commission (FTC) on digitizing apparel labels as well as on textile, wool, fur, and care labeling rules, and other labeling rules, including Made in USA labeling. Discussions with the Administration and Congress on FPI reform and impact on small business. Environment Discussions with Congress and Administration on issues as it relates to textile recycling infrastructure and technology, federal approaches to extended producer responsibility, material sustainability, climate, and environmentDiscussions with Congress on r textile circularity infrastructure Discussions with Congress on H.R.960 - Protect Our Clothes from PFAS Act Discussions with Congress, on trade incentives for preferred material usage, and tariff and non-tariff barriers to utilizing recycled materials Discussions with Congress, EPA, and FTC to allow Digital Labeling for clothes Discussions with Congress and FTC on environmental marketing claims and the FTCs Green Guides Labor Discussion of WRAP program and with various legislative branch and executive branch officials. Discussions with Congress and Administration (including Labor, State, USTR, , and CBP) to ensure effective implementation of and action on: o Child/Forced labor rules and lists, o Uzbek cotton, o ILO Better Work programs, o China Xinjiang o Bangladesh, Burma (Myanmar), Cambodia, Ethiopia, Guatemala, India, Jordan, Mauritius, Sri Lanka, Taiwan, Central America, Haiti, and FTA and trade preference labor cases. o Implementation of the Uyghur Forced Labor Prevention Act (Public Law No: 117-78). o Funding for various U.S. government agencies and international organizations that work on labor rights and leveling the playing field for American businesses and workers. o Discussion with administration officials at USTR and DOL/ILAB on the labor provisions in the bilateral agreements on reciprocal trade (ARTs) o Discussion with administration officials at State, USTR, DOL/ILAB on funding for ILAB and the International Labor Organization (ILO) Product Safety (CSP) Discussions with Administration, including CPSC, Commerce, USTR, and EPA, and various Congressional offices on: Final e-Filing regulations and CPSCs 2016 enforcement discretion policy for adult apparel Implementation of Consumer Product Safety Improvement Act (CPSIA) Common standards and risk information sharing with trading partners Regulations involving flammability, sleepwear, and drawstring hazards. Regulations involving Per- and polyfluoroalkyl substances (PFAS), including TSCA Section 8e reporting requirements, and proposed PFAS restrictions by the European Union and EU Member States. Possible modifications to flammability requirements to add spandex to the exempt fibers list. Implementation of previously implemented legislation to reduce third party testing burdens and costs. Monitoring issues relating to apparel, footwear, and travel goods/fashion accessories safety and product labeling. Implementation of the Frank R. Lautenberg Chemical Safety for the 21st Century Act Foreign chemical management initiatives that function as non-tariff barriers. Link between counterfeit products, restricted chemicals, and how they hamper sustainability efforts Digitization of apparel labeling as it relates to product safety information and recalls. Regulation of Infant Support Cushions as it relates to head support products. Transportation Discussions with Congress and Administration on shipping delays and costs from the Red Sea and Strait of Hormuz crises Discussions with Congress on freedom of navigation in Red Sea and Indo-Pacific including the South China Sea and Taiwan Strait Discussions with Congress on protecting arctic shipping routes Discussions with Congress and key agencies on port metrics. Discussions with Congress and the administration on rail issues Discussions with Congress and the administration on trucking issues Discussions with Federal Maritime Commission (FMC) and Congress on shipping delays, ocean carrier / port terminal issues, including congestion surcharges, demurrage charges, and anti-trust issues Discussions with Congress on transportation legislation impacting the industry: o SHIPS for America Act - in opposition of fees and restrictions o Ocean Shipping Reform Act (Public Law No: 117-146) - in support of o Surface Transportation Reauthorization Act - preliminary discussions while text is being drafted, no formal position taken o US Trade Representative Section 301 Investigation into Chinas Maritime Logistics and Shipbuilding Sectors - in opposition of port fees, equipment tariffs, and restrictions Discussions with Congress and Administration on reconfiguration of the 902-928 MHz band IPR Discussions with Congress and Administration on: nominations, appointments, and/or funding of intellectual property and/or scam focused programs , including the Intellectual Property (IP) Attache Program , and more. o Intellectual property, and counterfeit practices across the Digital Devalue Chain of Counterfeits, including e-commerce, social commerce, social platforms, and product and consumer safety. o Dangers of the growth of fraudulent advertising across social media platforms and fraudulent websites; discussions around curbing fraud, and pre-verification of paid advertisers o Related international policies o Artificial Intelligence o Consumer safety and product safety o Trademark Modernization Act of 2020 o Fraudulent trademark filings at the USPTO and abroad. o USTR and others in the inter-agency process re Special 301 Report and Notorious Markets Report List o Dupe influencers across social media. o National Security related to illicit economies State Dept, USPTO, IPEC, IPRC re OECD / guidelines for countering illicit trade in counterfeit goods on online marketplaces or illicit trade o Reforms around customs and border protection procedures and anti-counterfeiting processes; updates related to what is needed by brands to identify counterfeits o Counterfeits, gray market goods and resale. o Consumer awareness campaign re the dangers of counterfeits. o Dangers of counterfeits and product safety dangers for consumers to U.S. businesses, workers and jobs. o Legislation and/or regulations to create secondary liability structure for online platforms. o Implementation, enforcement, and any technical corrections needed for INFORM Consumers Act (Public Law No. 117-328) o Reintroduction of the SHOP SAFE Act o Expansion of S.2531 - SOCIAL MEDIA Act o Raising awareness and exploring solutions for the Digital Devalue Chain of Counterfeits o Information sharing; S.2677 (and H.R. 4930) to authorize Customs and Border Protection (CBP) to clarify and expand CBPs authority to share key IP-related information with rights holders and other relevant stakeholders. CBP technology donation program o The Communications Decency Act of 1996 Proposal to Sunset Section 230 oThe Scam Act (H.R.7548) (S.3774) oUpdates to Combating Trafficking in Counterfeit and Pirated Goods and revisiting the outstanding implementation plan

Client expense: $364,841 · Firm income: Not reported

Government targets: Centers For Disease Control & Prevention (CDC), Commerce, Dept of (DOC), Consumer Product Safety Commission (CPSC), Defense Logistics Agency, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), Federal Maritime Commission, Federal Mediation & Conciliation Service, Federal Reserve System, Federal Trade Commission (FTC), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Intl Trade Administration (ITA), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), Patent & Trademark Office (PTO), President of the U.S., SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Treasury, Dept of, U.S. Copyright Office, U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office

Trade Domestic/Foreign (TRD) Discussions with Congress and Administration (including USTR, Treasury, Commerce, ITC, Labor, State, Agriculture, DLA, and Customs) on the following items: o Proposed and implemented tariffs under IEEPA, Section 301, and Section 232. o Bilateral China trade issues, including WTO compliance and the Section 301 investigation and Section 232 investigations. o Western Hemisphere issues, including USMCA, CAFTA-DR, and Haiti. o Implementation of existing and negotiation of new free trade agreements (FTAs). Issues discussed include: -Rules of origin, including for used textiles and textile waste -Duties -Customs provisions -IPR provisions -Labor provisions -Regulatory harmonization -Transportation measures -Government procurement. -Port maintenance issues -Trade deficits and global value chains. Tariffs and proposed bills to regulate tariff policy, including: U.S. HTS Chapter 62 U.S. Note 2 - water resistant definition [H.R.960] o New and existing trade preference programs, including: AGOA Extension Act (H.R.6500) Haiti Economic Lift Program Extension Act (H.R.6504) Haiti Economic Lift Program Extension Act of 2025 (S.742) Discussions with Congress, USTR, CBP, State, and Commerce on the Agreements on Reciprocal Trade o Various trade and customs initiatives (such as First Sale, 9802, , duty drawback, single window/ITDS, changes to ACE, green trade preferences for sustainable materials, and pending classifications, rulings, and regulations) covering textiles, apparel, footwear, and travel goods. o Foreign trade barriers and practices (including comments for annual NTE and Special 301 and notorious markets reports). o Pending nominations. o Current and proposed sanctions, including: - North Korea sanctions (CAATSA). - Uyghur Forced Labor Prevention Act (Public Law No: 117-78). o Country of Origin Labeling Online Act Discussions with Congress, CPSC, and FTC to allow Digital Labeling for clothes. S. 1272/H.R. 2665 - Trade Review Act of 2025 S.1241/H.R.2548 - Sanctioning Russia Act of 2025 S.3841 - Last Sale Valuation Act of 2026 Discussions with Congress, CBP, USTR, State, Commerce, Treasury, and the White House on Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits) Discussions with Congress and CBP on the Consolidated Administration and Processing of Entries (CAPE) and other issues emanating from the Learning Resources Supreme Court decision.

Client expense: $364,841 · Firm income: Not reported

Government targets: Agriculture, Dept of (USDA), Centers For Disease Control & Prevention (CDC), Commerce, Dept of (DOC), Defense Logistics Agency, Federal Emergency Management Agency (FEMA), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Intl Trade Administration (ITA), Labor, Dept of (DOL), President of the U.S., SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Treasury, Dept of, U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR)

Tariff issues, including reciprocal and Section 232 tariffs; S. 3841 Last Sale Valuation Act

Client expense: Not reported · Firm income: $30,000

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)

USTR's s. 301 investigation of China and associated tariff actions, including imports of vanillin flavoring products, semiconductor manufacturing chemicals and battery-grade fluoropolymers. USTR, Docket Nos. USTR-2026-03868 (91 FR 9686), Request for Comments on the Design of a Plurilateral Agreement on Trade in Critical Minerals and Policy Actions To Strengthen the Resilience of Critical Mineral Supply Chains. Docket Nos. USTR-2026-0067 (91 FR 13394), Initiation of Section 301 Investigations: Acts, Policies, and Practices of Certain Economies Relating to Structural Excess Capacity and Production in Manufacturing Sectors. USTR, Docket Nos. USTR-2026-0133 (91 FR 12884), Initiation of Section 301 Investigations of Acts, Policies, and Practices of Various Economies Related to the Failure to Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced with Forced Labor. U.S. Department of Commerce and U.S. International Trade Commission investigation into unfairly priced imports of vanillin. USTR's Request for Comments to Assist in Reviewing and Identifying Unfair Trade Practices and Initiating All Necessary Actions to Investigate Harm From Non-Reciprocal Trade Arrangements, USTR-2025-0001. White House Executive Order 14154 Unleashing American Energy, including provisions related to the necessity of unleashing American energy and securing supply chains. White House Executive Order No. 14156 Declaring a National Energy Emergency, including provisions related to the immediate risk of the current precariously inadequate and intermittent energy supply, and an increasingly unreliable grid. Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits). Executive Order 14346 of September 5, 2025 (Modifying the Scope of Reciprocal Tariffs and Establishing Procedures for Implementing Trade and Security Agreements). Department of Commerce Request for Public Comments on Section 232 National Security Investigation of Imports of Semiconductors and Semiconductor Manufacturing Equipment, 90 FR 15950 (Apr. 16, 2025). US International Trade Commission Investigation, No. 337-TA-1439, battery-grade PVDF. Department of Commerce Request for Public Comments on Section 232 National Security Investigation of Imports of Pharmaceuticals and Pharmaceutical Ingredients, 90 FR 15951 (Apr. 16, 2025). Department of Commerce Request for Public Comments on Section 232 National Security Investigation of Imports of Processed Critical Minerals and Derivative Products, 90 FR 17372 (Apr. 22, 2025). S. 3841, Last Sale Valuation Act of 2026, including provisions related to amending customs regulations concerning valuation of imports.

Client expense: $350,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)