A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice.

H.R. 1098 (Investor Choice Act of 2015); amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to revise the authority of the Securities and Exchange Commission (SEC) to prohibit, or impose conditions or limitations on the use of agreements that require customers or clients of any broker, dealer, or municipal securities dealer to arbitrate any future dispute between then arising under the federal securities laws, related rules and regulations, or the rules of a self-regulatory organization if it finds that prohibition, imposition of conditions, or limitations are in the public interest and for the protection of investors. H.R. 1266 (Financial Product Safety Commission Act of 2015); Amends the Consumer Financial Protection Act of 2010 to replace the Consumer Financial Protection Bureau as an independent bureau within the Federal Reserve System, with an independent Financial Product Safety Commission that is to regulate the offering and provision of consumer financial products or services. H.R. 957 (CFPB-IG Act of 2015); Requires Senate confirmation of Inspector General of the Bureau of Consumer Financial Protection. H.R. 1090 (Retail Investor Protection Act); Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Lobbying with regard to rulemaking affecting fiduciary responsibilities of retirement advisors. H.J.Res. 88; disapproving the rule submitted by the Department of Labor relating to the definition of the term Fiduciary." S.J.Res. 33; providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to the definition of the term fiduciary and the conflict of interest rule with respect to retirement investment advice. H.R. 4293 (Affordable Retirement Advice Protection Act); amends ERISA to impose a new best interest standard, requires a rulemaking to be approved by Congress. H.R. 4294 (SAVERS Act); amends the Internal Revenue Code to exempt from the tax on prohibited transactions: (1) the provision of investment advice by a fiduciary to a pension plan, plan participant, or beneficiary which is a best interest recommendation; and (2) any transaction, including a contract for service, between an investment provider and the advice recipient if no more than reasonable compensation is paid for such investment advice and certain disclosures are made with respect to the cost of such advice. S. 2216/H.R. 4538 (Senior$afe Act of 2015); provides immunity from suit for certain individuals who disclose potential examples of financial exploitation of senior citizens.

Client expense: $1,150,000 · Firm income: Not reported

Government targets: Consumer Financial Protection Bureau (CFPB), Education, Dept of, Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), Office of the Vice President of the United States, SENATE

H.J.Res. 88 Disapproving the Rule Submitted by the DOL relating to the definition of the term "Fiduciary"; H.R. 5485 Financial Services and General Government Appropriations Act of 2017; H.R. 5983 The Financial CHOICE Act; H.R.1090 RetailInvestorProtectionAct; S.J.Res. 33 Joint Resolution Providing for Congressional Disaproval ofDOL rule relating todefiinion of the term "fiduciary"... ;

Client expense: $100,000 · Firm income: Not reported

Government targets: Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, SENATE

H.R. 1098 (Investor Choice Act of 2015); amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to revise the authority of the Securities and Exchange Commission (SEC) to prohibit, or impose conditions or limitations on the use of agreements that require customers or clients of any broker, dealer, or municipal securities dealer to arbitrate any future dispute between then arising under the federal securities laws, related rules and regulations, or the rules of a self-regulatory organization if it finds that prohibition, imposition of conditions, or limitations are in the public interest and for the protection of investors. H.R. 1266 (Financial Product Safety Commission Act of 2015); Amends the Consumer Financial Protection Act of 2010 to replace the Consumer Financial Protection Bureau as an independent bureau within the Federal Reserve System, with an independent Financial Product Safety Commission that is to regulate the offering and provision of consumer financial products or services. H.R. 957 (CFPB-IG Act of 2015); Requires Senate confirmation of Inspector General of the Bureau of Consumer Financial Protection. H.R. 1090 (Retail Investor Protection Act); Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Lobbying with regard to rulemaking affecting fiduciary responsibilities of retirement advisors. H.J.Res. 88; disapproving the rule submitted by the Department of Labor relating to the definition of the term Fiduciary." S.J.Res. 33; providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to the definition of the term fiduciary and the conflict of interest rule with respect to retirement investment advice. H.R. 4293 (Affordable Retirement Advice Protection Act); amends ERISA to impose a new best interest standard, requires a rulemaking to be approved by Congress. H.R. 4294 (SAVERS Act); amends the Internal Revenue Code to exempt from the tax on prohibited transactions: (1) the provision of investment advice by a fiduciary to a pension plan, plan participant, or beneficiary which is a best interest recommendation; and (2) any transaction, including a contract for service, between an investment provider and the advice recipient if no more than reasonable compensation is paid for such investment advice and certain disclosures are made with respect to the cost of such advice. S. 2216/H.R. 4538 (Senior$afe Act of 2015); provides immunity from suit for certain individuals who disclose potential examples of financial exploitation of senior citizens.

Discussions with members of Congress regarding the Department of Labors fiduciary rule and its effect on mutual funds and group benefits. H.J.Res. 88: Disapproving the rule submitted by the Department of Labor relating to the definition of the term Fiduciary. S.J.Res. 33: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the ... Department of Labor relating to the definition of the term fiduciary and the conflict of interest rule with respect to retirement investment advice.

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

Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of

Implementation and modification to proposed rulemaking entitled, "Definition of the Term Fiduciary; Conflict of Interest Rule - Retirment Investment Advice" published by the U.S. Department of Labor (80 FR 21927) as well as alternative bipartisan legislative approached, such as: H.R. 1090/S. 2497, Retail Investor Protection Act H.R. 4294/S. 2505, the Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act. H.R. 4293/S. 2502, the Affordable Retirement Advice Protection (ARAP) Act. S. 3040/House (unnumbered), Labor, Health and Human Services Appropriations, 2017 H.J. Res. 88/S.J. Res 33, Resolution of Disapproval.

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

Issues related to Federal Housing Finance Reform; Department of Labor (DoL)/Securities and Exchange Commission (SEC) decision on the definition of fiduciary duty (H.J.Res.88; S.J.Res.33); Servicemembers Civil Relief Act (SCRA) issues and provisions within the National Defense Authorization Act; S.1484 Financial Regulatory Improvement Act of 2015; H.R. 1550 Financial Stability Oversight Council Improvement Act of 2015. Implications of the Federal Reserve dividend reduction section contained in PL 114-94, S.1647 - Developing a Reliable and Innovative Vision for the Economy Act.

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

Issues related to Department of Labors proposed rule-fiduciary rule making, which defines when a person providing investment advice becomes a fiduciary under the Employee Retirement Income Security Act of 1974 (ERISA); Issues related to: Congressional Budget Office (CBO) 10 year budgets and scoring of retirement tax deferrals; H.R. 2029, Consolidated Appropriations Act of 2016; and H.R. 1090, Retail Investor Protection Act; H.R.4293, Affordable Retirement Advice Protection Act; H.R.4294, Strengthening Access to Valuable Education and Retirement Support Act (SAVERS Act) of 2015; S.2502, Affordable Retirement Advice Protection Act; S.2505, SAVERS Act of 2016; S.2497, Retail Investor Protection Act of 2016. Issues related to reforming the U.S. Tax code; (H.J.Res.88; S.J.Res.33); issues related to Open Multiple Employer Plans; issues related to auto enrollment in employer-sponsored plans; issues related to expanding retirement plan coverage; issues related to reducing leakage from the retirement system and ensuring adequate income in retirement; Retirement Enhancement and Savings Act

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

H.R. 506 - Automatic IRA Act of 2015; entire bill H.R. 557 - Retirement Security Act of 2015; entire bill H.R. 2317 - Lifetime Income Disclosure Act; entire bill H.R. 2656 - Receiving Electronic Statements To Improve Retiree Earnings (RETIRE) Act; entire bill H.R. 4045 - USAccounts: Investing in Americas Future Act of 2015; entire bill H.R. 4293 - Affordable Retirement Advice Protection Act; entire bill H.R. 4294 - Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act; entire bill H.R. 4773 - Protecting Workplace Advancement and Opportunity Act; entire bill H.R. 4538 - Senior$afe Act of 2016; entire bill H.J. Res. 88 - A resolution that would block implementation of the Labor Departments new rule aimed at preventing conflicts of interest in the retirement advice sector. S. 245 - Automatic IRA Act of 2015; entire bill S. 266 - Retirement Security Act of 2015; entire bill S. 1317 - Lifetime Income Disclosure Act; entire bill S. 2216 - Senior$afe Act of 2015; entire bill S. 2472 - The American Savings Act; entire bill S. 2497 - Retail Investor Protection Act of 2016; entire bill S. 2502 - Affordable Retirement Advice Protection Act; entire bill S. 2505 - SAVERS Act; entire bill S. 2702 - ABLE to Work Act of 2016; entire bill S.J. Res. 33: A resolution that would block implementation of the Labor Departments new rule aimed at preventing conflicts of interest in the retirement advice sector. Appropriations bills for Department of Labor funding; provisions relating to the DOLs proposed ERISA fiduciary regulation Not Yet Introduced: Secure Annuities for Employee Retirement Act, provisions relating to use of private annuities in retirement plans

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

H.J.Res. 88 Disapproving the Rule Submitted by the DOL relating to the definition of the term "Fiduciary"; H.R. 5485 Financial Services and General Government Appropriations Act of 2017; H.R.1090 Retail Investor Protection Act; S.2328 Puerto Rico Oversight, Management, and Economic Stability Act; S.J.Res. 33 Joint Resolution Providing for Congressional Disaproval ofDOL rule relating todefiinion of the term "fiduciary"

Client expense: $100,000 · Firm income: Not reported

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

H.R. 601, Eliminate Privacy Notice Confusion Act H.R. 766, Financial Institution Customer Protection Act of 2015 H.R. 1023/S. 552, Small Business Investment Company Capital Act of 2015 H.R. 1090, Retail Investor Protection Act H.R. 1195, Bureau of Consumer Financial Protection Advisory Boards Act H.R. 1259, Helping Expand Lending Practices in Rural Communities Act H.R. 1265, Bureau Advisory Commission Transparency Act H.R. 1486, Taking Account of Bureaucrats' Spending (TABS) Act of 2016 H.R. 1550, Financial Stability Oversight Council Improvement Act of 2015 H.R. 1675, Capital Markets Improvement Act of 2016 H.R. 1965, Small Company Disclosure Simplification Act H.R. 1975, Securities and Exchange Commission Overpayment Credit Act H.R. 2289, Commodity End User Relief Act H.R. 2356, Fair Access to Investment Research Act of 2015 H.R. 2357, Accelerating Access to Capital Act of 2015 H.R. 2477, Financial Transparency Act of 2015 H.R. 2648/S. 1109, Truth in Settlements Act of 2015 H.R. 2901/S. 1679, Flood Insurance Market Parity and Modernization Act H.R. 3340, Financial Stability Oversight Council Reform Act H.R. 3557, FSOC Transparency and Accountability Act H.R. 3738, Office of Financial Research Accountability Act of 2015 H.R. 3784, SEC Small Business Advocate Act of 2015 H.R. 3791, To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes H.R. 3798, Due Process Restoration Act of 2015 H.R. 3868, Small Business Credit Availability Act H.R. 4096, Investor Clarity and Bank Parity Act H.R. 4139, Fostering Innovation Act of 2015 H.R. 4166, Expanding Proven Financing for American Employers Act H.R. 4168, Small Business Capital Formation Enhancement Act H.R. 4216/S. 1802, Consumer Financial Choice and Capital Markets Protection Act of 2015 H.R. 4293, Affordable Retirement Advice Protection Act H.R. 4294, Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act of 2015 H.R. 4450/S. 2489, Incorporation Transparency and Law Enforcement Assistance Act H.R. 4498/S. 978, Helping Angels Lead Our Startups (HALOS) Act H.R. 4620, Preserving Access to CRE Capital Act of 2016 H.R. 4718, Gender Diversity in Corporate Leadership Act of 2016 H.R. 4852, Private Placement Improvement Act of 2016 H.R. 4854, Supporting America's Innovators Act of 2016 H.R. 4855, Fix Crowdfunding Act H.R. 5019, Fair Access to Investment Research Act of 2016 H.R. 5143, Transparent Insurance Standards Act of 2016 H.R. 5311, Corporate Governance Reform and Transparency Act of 2016 H.R. 5424, Investment Advisers Modernization Act of 2016 H.R. 5429, SEC Regulatory Accountability Act H.R. 5485, Financial Services and General Government Appropriations Act, 2017 S. 1484, Financial Regulatory Improvement Act of 2015 S. 2867, SEC Small Business Advocate Act of 2016 S. 2917, Commodity End-User Relief Act H.J. Res. 88, Disapproving the rule submitted by the Department of Labor relating to the definition of the term "Fiduciary" S.J. Res. 33, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice Draft legislation on conflict minerals disclosures Proposed regulations on the definition of the term fiduciary; Conflict of interest rule-retirement investment advice (80 Fed. Reg. 21,928, April 20, 2015) Various issues relating to the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (P.L. 111-203), including sections 953 and 1502; ratification of the Convention on the Assignment of Receivables in International Trade; Basel III capital standards, bank capital, and liquidity reform; Trust Indenture Act (P.L. 76-253); political spending disclosures; systemic risk regulation and capital standards for non-bank financial companies; Consumer Financial Protection Bureau arbitration rule; Consumer Financial Protection Bureau payday and small dollar lending rule; Consumer Financial Protection Bureau online lending proposal; Consumer Financial Protection Bureau auto financing standard; Consumer Financial Protection Bureau no action letters; Federal Reserve reform; universal ballot; proxy voting system

H.R. 2578, Commerce, Justice, Science, and Related Agencies Appropriations Act, 2016, including provisions relating to Senate Amendment 4685 and Senate Amendment 4690 H.R. 2800/S. 1590, Pregnancy Discrimination Amendment Act H.R. 3459/S. 2015/ S. 2686, Protecting Local Business Opportunity Act H.R. 4293, Affordable Retirement Advice Protection Act H.R. 4294, Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act of 2015 H.R. 4773/S. 2707, Protecting Workplace Advancement and Opportunity Act H.R. 4909/S. 2943, National Defense Authorization Act for Fiscal Year 2017 H.R. 5055/S. 2804, Energy and Water Development and Related Agencies Appropriations Act, 2017 H.R. 5293/S. 3000, Department of Defense Appropriations Act, 2017 H.R. 5325, Legislative Branch Appropriations Act, 2017 H.R. 5393/S. 2837, Commerce, Justice, Science, and Related Agencies Appropriations Act, 2017 H.R. 5394/S. 2844, Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2017 H.R. 5485/S. 3067, Financial Services and General Government Appropriations Act, 2017 H.R. 5634/S. 3001, Department of Homeland Security Appropriations Act, 2017 S. 2693, EEOC Reform Act S. 3040, Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2017 H.J. Res. 87, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the final rule of the Department of Labor relating to "Interpretation of the 'Advice' Exemption in Section 203(c) of the Labor-Management Reporting and Disclosure Act" H.J. Res. 88, Disapproving the rule submitted by the Department of Labor relating to the definition of the term "Fiduciary" H.J. Res. 95, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to defining and delimiting the exemptions for executive, administrative, professional, outside sales, and computer employees S.J. Res. 33, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice S.J. Res. 34, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to defining and delimiting the exemptions for executive, administrative, professional, outside sales, and computer employees S.J. Res. 35, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the final rule of the Department of Labor relating to "Interpretation of the 'Advice' Exemption in Section 203(c) of the Labor-Management Reporting and Disclosure Act" DOL RIN 1205-AB58 (H2B Temporary Workers): Errors and omissions in cost and benefit analysis and in analysis of impacts on small entities Proposed regulation on the definition of the term fiduciary; conflict of interest rule-retirement investment advice and related proposed prohibited transaction exemptions, (80 Fed. Reg 34,869, June 18, 2015) Proposed regulations defining and delimiting the exemptions for executive, administrative, professional, outside sales and computer employees (80 Fed. Reg. 38,516, July 6, 2015) Proposed regulations on the definition of the term fiduciary; Conflict of interest rule-retirement investment advice (80 Fed. Reg. 21,928, April 20, 2015) Proposed regulations amending the Federal Acquisition Regulation to implement Executive Order 13673 Fair Pay and Safe Workplaces (80 Fed. Reg. 30,548, May 28, 2015) Proposed regulation regarding savings arrangements established by states for non-governmental employees (80 Fed. Reg. 72,006, November 18, 2015) Proposed guidance for Executive Order 13673 Fair Pay and Safe Workplaces (80 Fed. Reg. 30,574, May 28, 2015) Proposed OSHA regulation to reduce the exposure limit on respirable silica and impose other requirements (78 Fed. Reg. 56,274, September 12, 2013) Proposed OSHA regulation to require employers to submit injury and illness records electronically that will then be posted on the internet (78 Fed. Reg. 67,354, November 8, 2013) and supplemental proposed regulation (79 Fed. Reg. 47,605, August 14, 2014) Proposed regulation regarding Labor-Management Reporting and Disclosure Act; interpretation of the advice exemption (76 Fed. Reg. 36,178, June 21, 2011) Proposed regulation regarding recording and reporting of musculoskeletal disorders (75 Fed. Reg. 4,728, January 29, 2010) and reopening of comment period (76 Fed. Reg. 28,383, May 17, 2011) Proposed regulation regarding the implementation of Executive Order 13658, Establishing a Minimum Wage for Contractors (79 Fed. Reg. 34,568, June 17, 2014) Proposed information collection request for survey on worker classification (78 Fed. Reg. 67,196, November 8, 2013) Interpretive bulletin relating to the fiduciary standard under ERISA in considering economically targeted investments (80 Fed. Reg. 65,135, October 26, 2015) Proposed regulations establishing paid sick leave for federal contractors (81 Fed. Reg. 9,592, February 25, 2016) Final rule defining EAP overtime exemptions under FLSA (81 Fed. Reg. 32,391, May 23, 2016) Final rule definition of the Term Fiduciary; conflict of interest rule-retirement investment advice (81 Fed. Reg. 20,946,April 8, 2016) Proposed revision of the employer information report (EEO-1) (81 Fed. Reg. 5,113, February 1, 2016) Various issues relating to minimum wage, including indexing; ambush elections regulations by the National Labor Relations Board (NLRB); determining whether a collective bargaining unit is appropriate, including legislation involving the NLRBs Specialty Healthcare (357 No. 83) decision; Department of Labors regulatory agenda, apprenticeship program, new overtime eligibility regulations, silica exposure limit regulations, and persuader rule; gender-based workplace discrimination; Fair Labor Standards Act amendments (P.L. 75-718) and Executive Order 13673, Fair Pay and Safe Workplaces; Executive Order 13706, Establishing Paid Sick Leave for Federal Contractors; NLRB joint employer standard; Equal Employment Opportunity Commission revised EEO-1 reporting form; legislation and oversight addressing the National Labor Relations Board, including implementation and oversight of the National Labor Relations Act (P.L. 74-198); NLRB decisions and regulatory agenda

H.R. 4955, Pension and Budget Integrity Act of 2016 S. 3040, Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2017 H.J. Res. 88, Disapproving the rule submitted by the Department of Labor relating to the definition of the term "Fiduciary" S.J. Res. 33, A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice Proposed regulation regarding nondiscrimination relief for closed defined benefit pension plans and additional changes to the retirement plan nondiscrimination requirements (81 Fed. Reg. 4,976, January 29, 2016) Proposed regulation on the definition of the term fiduciary; conflict of interest rule-retirement investment advice and related proposed prohibited transaction exemptions (80 Fed. Reg 34,869, June 18, 2015) Proposed information collection request for comments; on the Road to Retirement Surveys (81 Fed. Reg. 10,280, February 29, 2016) Various issues relating to multiemployer pension plan reform; payment premiums; late payment penalty relief; mortality tables exposure draft; mortality improvement scale exposure draft

Client expense: $22,770,000 · Firm income: Not reported

Discussions with members of Congress regarding the Department of Labors fiduciary rule and its effect on mutual funds and group benefits. H.J.Res. 88: Disapproving the rule submitted by the Department of Labor relating to the definition of the term Fiduciary. S.J.Res. 33: A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the ... Department of Labor relating to the definition of the term fiduciary and the conflict of interest rule with respect to retirement investment advice.

Client expense: $340,000 · Firm income: Not reported

Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

S. 266 - Retirement Security Act of 2015 (Collins) S. 1317 - Lifetime Income Disclosure Act (Isakson) S. 2472 - American Savings Account Act of 2016 (Merkley) S. 2502 - Affordable Retirement Advice Protection Act (Isakson) S. 2505 - Strengthening Access to Valuable Education and Retirement Support Act (Kirk) S.J. Res. 33 - Disapproving the DOL Fiduciary Rule (Isakson) H.R. 557 - Retirement Security Act of 2015 (Buchanan) H.R. 2317 - Lifetime Income Disclosure Act (Messer) H.R. 2656 - Receiving Electronic Statements to Improve Retiree Earnings Act (Polis) H.R. 4293 - Affordable Retirement Advice Protection Act (Roe) H.R. 4294 - Strengthening Access to Valuable Education and Retirement Support Act(Roskam) H.R. 5450 - American Savings Account Act of 2016 (Huffman) H.J. Res. 88 - Disapproving the DOL Fiduciary Rule (Roe) State-Run Retirement Plans

Client expense: $1,229,071 · Firm income: Not reported

Issues related to Federal Housing Finance Reform; Department of Labor (DoL)/Securities and Exchange Commission (SEC) decision on the definition of fiduciary duty (H.J.Res.88; S.J.Res.33); Servicemembers Civil Relief Act (SCRA) issues and provisions within the National Defense Authorization Act; S.1484 Financial Regulatory Improvement Act of 2015; H.R. 1090 Retail Investor Protection Act; H.R. 1550 Financial Stability Oversight Council Improvement Act of 2015. H.R.4293, Affordable Retirement Advice Protection Act; H.R.4294, Strengthening Access to Valuable Education and Retirement Support Act (SAVERS Act) of 2015; S.2502, Affordable Retirement Advice Protection Act; S.2505, SAVERS Act of 2016; S.2497, Retail Investor Protection Act of 2016; and implications of the Federal Reserve dividend reduction section contained in PL 114-94, S.1647 - Developing a Reliable and Innovative Vision for the Economy Act.

Client expense: $1,100,000 · Firm income: Not reported

Issues related to Department of Labors proposed rule-fiduciary rule making, which defines when a person providing investment advice becomes a fiduciary under the Employee Retirement Income Security Act of 1974 (ERISA); Issues related to: Congressional Budget Office (CBO) 10 year budgets and scoring of retirement tax deferrals; H.R. 2029, Consolidated Appropriations Act of 2016; and H.R. 1090, Retail Investor Protection Act; H.R.4293, Affordable Retirement Advice Protection Act; H.R.4294, Strengthening Access to Valuable Education and Retirement Support Act (SAVERS Act) of 2015; S.2502, Affordable Retirement Advice Protection Act; S.2505, SAVERS Act of 2016; S.2497, Retail Investor Protection Act of 2016. Issues related to reforming the U.S. Tax code; (H.J.Res.88; S.J.Res.33); issues related to Open Multiple Employer Plans; issues related to auto enrollment in employer-sponsored plans; issues related to expanding retirement plan coverage; issues related to reducing leakage from the retirement system and ensuring adequate income in retirement.

Client expense: $1,100,000 · Firm income: Not reported

Issues related to: Anti-Money Laundering (AML); S. 3067 and H.R. 5485 - FY17 Financial Services and General Government appropriations; Credit Card/Interchange Fees; Retirement Security, Department of Labor definition of fiduciary duty (H.J.Res.88; S.J.Res.33); Data Breach; Automobile Financing; Arbitration; Structure and Activities of the Office of Financial Research; S. 510 Bureau of Consumer Financial Protection-Inspector General Reform Act; S. 774 Financial Institutions Examination Fairness and Reform Act; H.R. 185 Regulatory Accountability Act; H.R. 601 Eliminate Privacy Notice Confusion Act; H.R.1233 Community Lending Enhancement and Regulatory Relief Act of 2015; H.R.37 Promoting Job Creation and Reducing Small Business Burdens Act; S.1484 Financial Regulatory Improvement Act of 2015; S. 961 The Data Security Act; H.R 2205 The Data Security Act; H.R.1550 Financial Stability Oversight Council Improvement Act of 2015; H.R 1266 Financial Product Safety Commission Act; Federal Reserve Dividend Revenue; H.R. 1090 Retail Investor Protection Act; S. 1484 Financial Regulatory Improvement Act; H.R. 3738, Office of Financial Research Accountability Act of 2015; H.R.4293, Affordable Retirement Advice Protection Act; H.R.4294, Strengthening Access to Valuable Education and Retirement Support Act (SAVERS Act) of 2015; S.2502, Affordable Retirement Advice Protection Act; S.2505, SAVERS Act of 2016; S.2497, Retail Investor Protection Act of 2016; Implications of the Federal Reserve dividend reduction section contained in PL 114-94, the Drive Act; Senior $afe Act (H.R.4538; S.2216); Financial Stability Oversight Council Reform Act (H.R.3340); issues related to cybersecurity and financial services; H.R. 1309 - Systemic Risk Designation Improvement Act of 2015.

Client expense: $1,100,000 · Firm income: Not reported

Implementation and modification to proposed rulemaking entitled, "Definition of the Term Fiduciary; Conflict of Interest Rule - Retirment Investment Advice" published by the U.S. Department of Labor (80 FR 21927) as well as alternative bipartisan legislative approached, such as: H.R. 1090/S. 2497, Retail Investor Protection Act H.R. 4294/S. 2505, the Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act. H.R. 4293/S. 2502, the Affordable Retirement Advice Protection (ARAP) Act. S. 3040/House (unnumbered), Labor, Health and Human Services Appropriations, 2017 H.J. Res. 88/S.J. Res 33, Resolution of Disapproval.

Client expense: $560,000 · Firm income: Not reported

H.R. 1098 (Investor Choice Act of 2015); amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to revise the authority of the Securities and Exchange Commission (SEC) to prohibit, or impose conditions or limitations on the use of agreements that require customers or clients of any broker, dealer, or municipal securities dealer to arbitrate any future dispute between then arising under the federal securities laws, related rules and regulations, or the rules of a self-regulatory organization if it finds that prohibition, imposition of conditions, or limitations are in the public interest and for the protection of investors. H.R. 1266 (Financial Product Safety Commission Act of 2015); Amends the Consumer Financial Protection Act of 2010 to replace the Consumer Financial Protection Bureau as an independent bureau within the Federal Reserve System, with an independent Financial Product Safety Commission that is to regulate the offering and provision of consumer financial products or services. H.R. 957 (CFPB-IG Act of 2015); Requires Senate confirmation of Inspector General of the Bureau of Consumer Financial Protection. H.R. 1090 (Retail Investor Protection Act); Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Lobbying with regard to rulemaking affecting fiduciary responsibilities of retirement advisors. H.J.Res. 88; disapproving the rule submitted by the Department of Labor relating to the definition of the term Fiduciary." S.J.Res. 33; providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to the definition of the term fiduciary and the conflict of interest rule with respect to retirement investment advice. H.R. 4293 (Affordable Retirement Advice Protection Act); amends ERISA to impose a new best interest standard, requires a rulemaking to be approved by Congress. H.R. 4294 (SAVERS Act); amends the Internal Revenue Code to exempt from the tax on prohibited transactions: (1) the provision of investment advice by a fiduciary to a pension plan, plan participant, or beneficiary which is a best interest recommendation; and (2) any transaction, including a contract for service, between an investment provider and the advice recipient if no more than reasonable compensation is paid for such investment advice and certain disclosures are made with respect to the cost of such advice. S. 2216/H.R. 4538 (Senior$afe Act of 2015); provides immunity from suit for certain individuals who disclose potential examples of financial exploitation of senior citizens.

"Savings Arrangements Established by States for Non-Governmental Employees" proposed rule to make it easier for states to offer their own retirement plans for private sector workers without undertaking the obligations of ERISA fiduciaries towards covered workers that private employers must follow; RIN 1210-AB71; Nov. 21, 2015; 80 FR 72006. "Definition of the Term 'Fiduciary'; Conflict of Interest Rule-Retirement Investment Advice" final rule to increase regulatory oversight and legal duties applicable to service providers to and sponsors of small retirement plans; RIN 1210-AB32; Apr. 8, 2016; 81 FR 20945. S. J. Res. 33, a joint resolution providing for Congressional disapproval and nullification of the Department of Labor's "Definition of the Term 'Fiduciary'; Conflict of Interest Rule-Retirement Investment Advice" final rule to increase regulatory oversight and legal duties applicable to service providers to and sponsors of small retirement plans; RIN 1210-AB32; Apr. 8, 2016; 81 FR 20945.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE