ERICA HURTT

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and S. 3217, "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to-fail", 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a "systemic supervisor." The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, supports retaining supervisory authority of the Federal Reserve and supports post-funding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The financial holding company structure structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and S. 3217, "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to-fail", 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a "systemic supervisor." The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, supports retaining supervisory authority of the Federal Reserve and supports post-funding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The financial holding company structure structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, the "Wall Street Reform and Consumer Protection Act" and S. 3217, the "Restoring American Financial Stability Act" (Conference Report) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to-fail", 2) enhance consumer protections, 3) regulate over-the-counter derivatives; and, 4) designate a "systemic supervisor." The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, supports retaining supervisory authority of the Federal Reserve and supports post-funding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. H.R. 4375 & S. 2886, the "Glass-Steagall Restoration Act" - The Forum supports retaining a provision in the "Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Steagall Restoration Act would repeal this provision. The financial holding company structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness, and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and S. 3217, "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to-fail", 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a "systemic supervisor." The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, supports retaining supervisory authority of the Federal Reserve and supports post-funding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The financial holding company structure structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and S. 3217, "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to-fail", 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a "systemic supervisor." The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, supports retaining supervisory authority of the Federal Reserve and supports post-funding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The financial holding company structure structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, the "Wall Street Reform and Consumer Protection Act" and S. 3217, the "Restoring American Financial Stability Act" (Conference Report) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to-fail", 2) enhance consumer protections, 3) regulate over-the-counter derivatives; and, 4) designate a "systemic supervisor." The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, supports retaining supervisory authority of the Federal Reserve and supports post-funding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. H.R. 4375 & S. 2886, the "Glass-Steagall Restoration Act" - The Forum supports retaining a provision in the "Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Steagall Restoration Act would repeal this provision. The financial holding company structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness, and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and S. 3217, "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to-fail", 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a "systemic supervisor." The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, supports retaining supervisory authority of the Federal Reserve and supports post-funding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The financial holding company structure structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to create jobs, and attract foreign investment. The Forum believes that imposing taxes and fees on the financial sector will restrict the availability of credit, increase the tax burden on investors and impede the ability of the financial sector to create jobs. S. 722, the "Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. S. 2994, to impose an excise tax on 2009 bonuses from certain major recipients of Federal emergency economic assistance, to limit the deductible allowances for such bonuses. The Forum opposes onerous fees and taxes imposed on large financial institutions that will undermine economic growth by impairing the ability of financial institutions to extend credit to individuals and businesses. H.R. 1944, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. The Forum supports making permanent in law the active financing rule governing how the U.S. taxes income earned by U.S. financial companies in foreign markets. The Forum supports corporate tax policies that allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to create jobs, and attract foreign investment. H.R. 1068 to impose a tax on securities transactions - Legislation to impose a securities tax would restrict the availability of credit, increase the tax burden on investors and impede the ability of the financial sector to create jobs. S. 2994, to impose an excise tax on 2009 bonuses from certain major recipients of Federal emergency economic assistance, to limit the deductible allowances for such bonuses. The Forum opposes onerous fees and taxes imposed on large financial institutions that will undermine economic growth by impairing the ability of financial institutions to extend credit to individuals and businesses. S. 722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. H.R. 1944, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. The Forum supports making permanent in law the active financing rule governing how the U.S. taxes income earned by U.S. financial companies in foreign markets. The Forum supports corporate tax policies that allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to create jobs, and attract foreign investment. H.R. 1068 to impose a tax on securities transactions - Legislation to impose a securities tax would restrict the availability of credit, increase the tax burden on investors and impede the ability of the financial sector to create jobs. S. 2994, to impose an excise tax on 2009 bonuses from certain major recipients of Federal emergency economic assistance, to limit the deductible allowances for such bonuses. The Forum opposes onerous fees and taxes imposed on large financial institutions that will undermine economic growth by impairing the ability of financial institutions to extend credit to individuals and businesses. S. 722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. H.R. 1944, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. The Forum supports making permanent in law the active financing rule governing how the U.S. taxes income earned by U.S. financial companies in foreign markets. The Forum supports corporate tax policies that allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to create jobs, and attract foreign investment. The Forum believes that imposing taxes and fees on the financial sector will restrict the availability of credit, increase the tax burden on investors and impede the ability of the financial sector to create jobs. S. 722, the "Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. The Forum opposes onerous fees and taxes imposed on large financial institutions that will undermine economic growth by impairing the ability of financial institutions to extend credit to individuals and businesses. The Forum supports corporate tax policies that allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to create jobs, and attract foreign investment. The Forum believes that imposing taxes and fees on the financial sector will restrict the availability of credit, increase the tax burden on investors and impede the ability of the financial sector to create jobs. S. 722, the "Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. S. 2994, to impose an excise tax on 2009 bonuses from certain major recipients of Federal emergency economic assistance, to limit the deductible allowances for such bonuses. The Forum opposes onerous fees and taxes imposed on large financial institutions that will undermine economic growth by impairing the ability of financial institutions to extend credit to individuals and businesses. H.R. 1944, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. The Forum supports making permanent in law the active financing rule governing how the U.S. taxes income earned by U.S. financial companies in foreign markets. The Forum supports corporate tax policies that allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to create jobs, and attract foreign investment. The Forum believes that imposing taxes and fees on the financial sector will restrict the availability of credit, increase the tax burden on investors and impede the ability of the financial sector to create jobs. S. 722, the "Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. The Forum opposes onerous fees and taxes imposed on large financial institutions that will undermine economic growth by impairing the ability of financial institutions to extend credit to individuals and businesses. The Forum supports corporate tax policies that allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and S. 3217, "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to-fail", 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a "systemic supervisor." The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, supports retaining supervisory authority of the Federal Reserve and supports post-funding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The financial holding company structure structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, the "Wall Street Reform and Consumer Protection Act" and S. 3217, the "Restoring American Financial Stability Act" (Conference Report) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to-fail", 2) enhance consumer protections, 3) regulate over-the-counter derivatives; and, 4) designate a "systemic supervisor." The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, supports retaining supervisory authority of the Federal Reserve and supports post-funding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. H.R. 4375 & S. 2886, the "Glass-Steagall Restoration Act" - The Forum supports retaining a provision in the "Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Steagall Restoration Act would repeal this provision. The financial holding company structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness, and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and S. 3217, "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to-fail", 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a "systemic supervisor." The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, supports retaining supervisory authority of the Federal Reserve and supports post-funding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The financial holding company structure structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to grow, create jobs, and attract foreign investment. H.R. 1068 to impose a tax on securities transactions - Legislation to impose a securities tax would restrict the availability of credit, increase the tax burden on investors and impede the ability of the financial sector to create jobs. S. 722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. H.R. 1944, to ammend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. The Forum supports making permanent in law the active financing rule governing how the U.S. taxes income earned by U.S. financial companies in foreign markets. The Forum supports corporate tax policies that allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to grow, create jobs, and attract foreign investment. The Forum supports executive compensation practices that are consistent with effective risk management practices, pay for long-term performance, not short term profits and do not retroactively penalize companies and employees who acted responsibly. HR. 1586, "to impose an additional tax on bonuses received from certain TARP recipients", HR.1664, "to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards," S. 651, "Compensation Fairness Act of 2009", HR.1575, "The End Government Reimbursement of Excessive Executive Disbursements". S.722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to grow, create jobs, and attract foreign investment. The Forum supports executive compensation practices that are consistent with effective risk management practices, pay for long-term performance, not short term profits and do not retroactively penalize companies and employees who acted responsibly. HR. 1586, "to impose an additional tax on bonuses received from certain TARP recipients", HR.1664, "to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards," S. 651, "Compensation Fairness Act of 2009", HR.1575, "The End Government Reimbursement of Excessive Executive Disbursements". S.722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to grow, create jobs, and attract foreign investment. The Forum supports executive compensation practices that are consistent with effective risk management practices, pay for long-term performance, not short term profits and do not retroactively penalize companies and employees who acted responsibly. S.722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. H.R. 1944, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. The Forum supports making permanent in law the active financing rule governing how the U.S. taxes income earned by U.S. financial companies in foreign markets. The Forum supports corporate tax policies which allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to grow, create jobs, and attract foreign investment. H.R. 1068 to impose a tax on securities transactions - Legislation to impose a securities tax would restrict the availability of credit, increase the tax burden on investors and impede the ability of the financial sector to create jobs. S. 722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. H.R. 1944, to ammend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. The Forum supports making permanent in law the active financing rule governing how the U.S. taxes income earned by U.S. financial companies in foreign markets. The Forum supports corporate tax policies that allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to grow, create jobs, and attract foreign investment. The Forum supports executive compensation practices that are consistent with effective risk management practices, pay for long-term performance, not short term profits and do not retroactively penalize companies and employees who acted responsibly. S. 722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. H.R. 1944, to ammend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. The Forum supports making permanent in law the active financing rule governing how the U.S. taxes income earned by U.S. financial companies in foreign markets. The Forum supports corporate tax policies which allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while also ensuring that lending stimulates economic growth and job creation. Fair Value Accounting Standards - The Forum supports accounting standards that ensure balanced, transparent, and sound reporting of financial information. Financial Regulatory Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and protect the varied interests of depositors, consumers, and investors. H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. "The Consumer Financial Protection Agency Act," The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the worlds most steadfast and effective protection of their interests. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to- fail" 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a systemic supervisor. The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, opposes limits on ownership of clearinghouses, exchanges and swap execution facilitations, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, retaining supervisory authority of the Federal Reserve and opposes prefunding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The Forum opposes the legislation because this corporate structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

HR. 627, "The Credit Cardholders Bill of Rights Act", S. 414, "Credit CARD Act" - The Forum urges Congress to more carefully explore the implications of legislation that would further complicate industry efforts to adjust to ongoing regulatory changes in credit card practices by the Federal Reserve and Office of Thrift Supervision. Fair Value Accounting Standards - The Forum supports accounting standards that ensure balanced, transparent, and sound reporting of financial information. Financial Regulatory Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and protect the varied interests of depositors, consumers, and investors. S. 386, Section 5 "Financial Fraud and Enforcement Recovery Act" Section 5 establishes the Financial Crisis Inquiry Commission to examine the causes, domestic and global of the current financial and economic crisis. H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to- fail" 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a systemic supervisor. The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, opposes limits on ownership of clearinghouses, exchanges and swap execution facilitations, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, retaining supervisory authority of the Federal Reserve and opposes prefunding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The Forum opposes the legislation because this corporate structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while also ensuring that lending stimulates economic growth and job creation. Fair Value Accounting Standards - The Forum supports accounting standards that ensure balanced, transparent, and sound reporting of financial information. Financial Regulatory Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and protect the varied interests of depositors, consumers, and investors. H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. "The Consumer Financial Protection Agency Act," The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the worlds most steadfast and effective protection of their interests. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to- fail" 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a systemic supervisor. The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, opposes limits on ownership of clearinghouses, exchanges and swap execution facilitations, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, retaining supervisory authority of the Federal Reserve and opposes prefunding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The Forum opposes the legislation because this corporate structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to- fail" 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a systemic supervisor. The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, opposes limits on ownership of clearinghouses, exchanges and swap execution facilitations, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, retaining supervisory authority of the Federal Reserve and opposes prefunding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The Forum opposes the legislation because this corporate structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

HR. 627, "The Credit Cardholders Bill of Rights Act", S. 414, "Credit CARD Act" - The Forum urges Congress to more carefully explore the implications of legislation that would further complicate industry efforts to adjust to ongoing regulatory changes in credit card practices by the Federal Reserve and Office of Thrift Supervision. Fair Value Accounting Standards - The Forum supports accounting standards that ensure balanced, transparent, and sound reporting of financial information. Financial Regulatory Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and protect the varied interests of depositors, consumers, and investors. S. 386, Section 5 "Financial Fraud and Enforcement Recovery Act" Section 5 establishes the Financial Crisis Inquiry Commission to examine the causes, domestic and global of the current financial and economic crisis. H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while also ensuring that lending stimulates economic growth and job creation. Fair Value Accounting Standards - The Forum supports accounting standards that ensure balanced, transparent, and sound reporting of financial information. Financial Regulatory Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and protect the varied interests of depositors, consumers, and investors. H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. "The Consumer Financial Protection Agency Act," The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the worlds most steadfast and effective protection of their interests. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to- fail" 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a systemic supervisor. The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, opposes limits on ownership of clearinghouses, exchanges and swap execution facilitations, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, retaining supervisory authority of the Federal Reserve and opposes prefunding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The Forum opposes the legislation because this corporate structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

HR. 627, "The Credit Cardholders Bill of Rights Act", S. 414, "Credit CARD Act" - The Forum urges Congress to more carefully explore the implications of legislation that would further complicate industry efforts to adjust to ongoing regulatory changes in credit card practices by the Federal Reserve and Office of Thrift Supervision. Fair Value Accounting Standards - The Forum supports accounting standards that ensure balanced, transparent, and sound reporting of financial information. Financial Regulatory Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and protect the varied interests of depositors, consumers, and investors. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open & competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

HR. 627, "The Credit Cardholders Bill of Rights Act", S. 414, "Credit CARD Act" - The Forum urges Congress to more carefully explore the implications of legislation that would further complicate industry efforts to adjust to ongoing regulatory changes in credit card practices by the Federal Reserve and Office of Thrift Supervision. Fair Value Accounting Standards - The Forum supports accounting standards that ensure balanced, transparent, and sound reporting of financial information. Financial Regulatory Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and protect the varied interests of depositors, consumers, and investors. S. 386, Section 5 "Financial Fraud and Enforcement Recovery Act" Section 5 establishes the Financial Crisis Inquiry Commission to examine the causes, domestic and global of the current financial and economic crisis. H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to grow, create jobs, and attract foreign investment. The Forum supports executive compensation practices that are consistent with effective risk management practices, pay for long-term performance, not short term profits and do not retroactively penalize companies and employees who acted responsibly. HR. 1586, "to impose an additional tax on bonuses received from certain TARP recipients", HR.1664, "to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards," S. 651, "Compensation Fairness Act of 2009", HR.1575, "The End Government Reimbursement of Excessive Executive Disbursements". S.722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to grow, create jobs, and attract foreign investment. The Forum supports executive compensation practices that are consistent with effective risk management practices, pay for long-term performance, not short term profits and do not retroactively penalize companies and employees who acted responsibly. HR. 1586, "to impose an additional tax on bonuses received from certain TARP recipients", HR.1664, "to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards," S. 651, "Compensation Fairness Act of 2009", HR.1575, "The End Government Reimbursement of Excessive Executive Disbursements". S.722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to grow, create jobs, and attract foreign investment. The Forum supports executive compensation practices that are consistent with effective risk management practices, pay for long-term performance, not short term profits and do not retroactively penalize companies and employees who acted responsibly. S. 722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. H.R. 1944, to ammend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. The Forum supports making permanent in law the active financing rule governing how the U.S. taxes income earned by U.S. financial companies in foreign markets. The Forum supports corporate tax policies which allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to grow, create jobs, and attract foreign investment. H.R. 1068 to impose a tax on securities transactions - Legislation to impose a securities tax would restrict the availability of credit, increase the tax burden on investors and impede the ability of the financial sector to create jobs. S. 722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. H.R. 1944, to ammend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. The Forum supports making permanent in law the active financing rule governing how the U.S. taxes income earned by U.S. financial companies in foreign markets. The Forum supports corporate tax policies that allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to grow, create jobs, and attract foreign investment. The Forum supports executive compensation practices that are consistent with effective risk management practices, pay for long-term performance, not short term profits and do not retroactively penalize companies and employees who acted responsibly. S.722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains. H.R. 1944, to amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. The Forum supports making permanent in law the active financing rule governing how the U.S. taxes income earned by U.S. financial companies in foreign markets. The Forum supports corporate tax policies which allow for a temporary deferral of U.S. taxes until those earnings have been paid to the parent company.

Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to grow, create jobs, and attract foreign investment. The Forum supports executive compensation practices that are consistent with effective risk management practices, pay for long-term performance, not short term profits and do not retroactively penalize companies and employees who acted responsibly. HR. 1586, "to impose an additional tax on bonuses received from certain TARP recipients", HR.1664, "to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards," S. 651, "Compensation Fairness Act of 2009", HR.1575, "The End Government Reimbursement of Excessive Executive Disbursements". S.722, "The Taxpayer Certainty and Relief Act" - The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains.

The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while also ensuring that lending stimulates economic growth and job creation. Fair Value Accounting Standards - The Forum supports accounting standards that ensure balanced, transparent, and sound reporting of financial information. Financial Regulatory Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and protect the varied interests of depositors, consumers, and investors. H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. "The Consumer Financial Protection Agency Act," The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the worlds most steadfast and effective protection of their interests. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

HR. 627, "The Credit Cardholders Bill of Rights Act", S. 414, "Credit CARD Act" - The Forum urges Congress to more carefully explore the implications of legislation that would further complicate industry efforts to adjust to ongoing regulatory changes in credit card practices by the Federal Reserve and Office of Thrift Supervision. Fair Value Accounting Standards - The Forum supports accounting standards that ensure balanced, transparent, and sound reporting of financial information. Financial Regulatory Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and protect the varied interests of depositors, consumers, and investors. S. 386, Section 5 "Financial Fraud and Enforcement Recovery Act" Section 5 establishes the Financial Crisis Inquiry Commission to examine the causes, domestic and global of the current financial and economic crisis. H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to- fail" 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a systemic supervisor. The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, opposes limits on ownership of clearinghouses, exchanges and swap execution facilitations, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, retaining supervisory authority of the Federal Reserve and opposes prefunding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The Forum opposes the legislation because this corporate structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

Financial Regulatory Reform and Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and the protection of the varied interests of depositors, consumers, and investors. H.R. 4173, "the Wall Street Reform and Consumer Protection Act" and "the Restoring American Financial Stability Act" (Committee Print) - The Forum supports financial regulatory reform that would: 1) establish resolution authority to end "too-big-to- fail" 2) enhance consumer protections; 3) regulate over-the-counter derivatives; and, 4) designate a systemic supervisor. The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, believes that imposing haircuts on secured creditors to financial institutions in resolution would introduce systemic risk into the financial system, opposes limits on ownership of clearinghouses, exchanges and swap execution facilitations, supports maintaining the establishment of uniform national banking to ensure an efficient banking system, opposes calculating risk based deposit assessments on an insured depository's total assets rather than total domestic deposits, retaining supervisory authority of the Federal Reserve and opposes prefunding of a new systemic risk resolution fund. The Forum supports risk retention requirements for mortgage originators and securitizers and establishing a new Office of Insurance within the Treasury Department. The Forum supports enhancement of consumer protection and believes that it should be a part of the policy response to the financial crisis. The Forum supports working with policy makers to ensure that consumers, depositors, investors, and policyholders enjoy the world's most steadfast and effective protection of their interests. The Forum supports executive compensation policies that reward attention to risk management and aligns incentives with the long-term viability and safety and soundness of financial institutions. H.R. 4375 & S. 2886, "the Glass-Steagall Restoration Act" - The Forum supports retaining a provision in "the Gramm-Leach-Bliley Act" that allows for the creation of financial holding companies (FHC) in which the FHC serves as an umbrella corporation for other financial subsidiaries. The Glass-Stegall Restoration Act would repeal this provision. The Forum opposes the legislation because this corporate structure did not contribute to the financial crisis. The Forum believes the appropriate policy response is enhanced supervision to minimize financial instability, coupled with resolution authority to end "too-big-to-fail." H.R. 3795, the Over the Counter Derivatives Markets Act, H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. APEC Privacy Framework - The Forum supports an APEC Privacy Framework that does not unduly restrict the global flow of data which is vital for financial institutions to meet customer needs and serve them efficiently. Capital Requirements - The Forum supports regulatory capital requirements that ensure safety, soundness and systemic stability while not undermining lending that stimulates economic growth and job creation. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

HR. 627, "The Credit Cardholders Bill of Rights Act", S. 414, "Credit CARD Act" - The Forum urges Congress to more carefully explore the implications of legislation that would further complicate industry efforts to adjust to ongoing regulatory changes in credit card practices by the Federal Reserve and Office of Thrift Supervision. Fair Value Accounting Standards - The Forum supports accounting standards that ensure balanced, transparent, and sound reporting of financial information. Financial Regulatory Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and protect the varied interests of depositors, consumers, and investors. S. 386, Section 5 "Financial Fraud and Enforcement Recovery Act" Section 5 establishes the Financial Crisis Inquiry Commission to examine the causes, domestic and global of the current financial and economic crisis. H.R. 2454, "the American Clean Energy and Security Act," H.R. 2448 "the Prevent Unfair Manipulation of Prices Act," H.R. 977, "the Derivatives Markets Transparency and Accountability Act" - Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum believes that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

HR. 627, "The Credit Cardholders Bill of Rights Act", S. 414, "Credit CARD Act" - The Forum urges Congress to more carefully explore the implications of legislation that would further complicate industry efforts to adjust to ongoing regulatory changes in credit card practices by the Federal Reserve and Office of Thrift Supervision. Fair Value Accounting Standards - The Forum supports accounting standards that ensure balanced, transparent, and sound reporting of financial information. Financial Regulatory Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and protect the varied interests of depositors, consumers, and investors. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open & competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.

H.R. 6604 (Commodity Markets Transparency and Accountability Act of 2008) S. 3130 (Increasing Transparency and Accountability in Oil Prices Act of 2008) S. 3255 (Over-the-Counter Speculation Act) S. 3248 (Commodity Speculation Reform Act of 2008) The Financial Services Forum promotes policies to insure that our nations energy crisis is met with a solution that addresses the root causes of high prices and does not impede the efficiency of global energy markets.

H.R. 6604 (Commodity Markets Transparency and Accountability Act of 2008) S. 3130 (Increasing Transparency and Accountability in Oil Prices Act of 2008) S. 3255 (Over-the-Counter Speculation Act) S. 3248 (Commodity Speculation Reform Act of 2008) The Financial Services Forum promotes policies to insure that our nations energy crisis is met with a solution that addresses the root causes of high prices and does not impede the efficiency of global energy markets.

H.R. 6604 (Commodity Markets Transparency and Accountability Act of 2008) S. 3130 (Increasing Transparency and Accountability in Oil Prices Act of 2008) S. 3255 (Over-the-Counter Speculation Act) S. 3248 (Commodity Speculation Reform Act of 2008) The Financial Services Forum promotes policies to insure that our nations energy crisis is met with a solution that addresses the root causes of high prices and does not impede the efficiency of global energy markets.

H.R. 6604 (Commodity Markets Transparency and Accountability Act of 2008) S. 3130 (Increasing Transparency and Accountability in Oil Prices Act of 2008) S. 3255 (Over-the-Counter Speculation Act) S. 3248 (Commodity Speculation Reform Act of 2008) The Financial Services Forum promotes policies to insure that our nations energy crisis is met with a solution that addresses the root causes of high prices and does not impede the efficiency of global energy markets.

Implementation of regulations of H.R. 556 - FINSA of 2007 (CFIUS) which takes prudent steps to improve the process for vetting foreign investments in the U.S. in a way that does not become so unwieldy and uninviting that valuable investment from abroad is discouraged, hurting jobs and economic growth. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open & competitive U.S. markets. Capital Market Competitiveness generally (continued) The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy. The Financial Services Forum supports supervisory and regulatory reforms that will enhance the effectiveness and competitiveness of the U.S. financial services industry. H.R. 1424 (Emergency Economic Stabilization Act) - The Financial Services Forum supports H.R. 1424 which will help to restore confidence and stablize the financial markets, promote economic recovery, and job creation.

Implementation of regulations of H.R. 556 - FINSA of 2007 (CFIUS) which takes prudent steps to improve the process for vetting foreign investments in the U.S. in a way that does not become so unwieldy and uninviting that valuable investment from abroad is discouraged, hurting jobs and economic growth. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open & competitive U.S. markets. Capital Market Competitiveness generally (continued) The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy. The Financial Services Forum supports supervisory and regulatory reforms that will enhance the effectiveness and competitiveness of the U.S. financial services industry. H.R. 1424 (Emergency Economic Stabilization Act) - The Financial Services Forum supports H.R. 1424 which will help to restore confidence and stablize the financial markets, promote economic recovery, and job creation.

Implementation of regulations and the executive order of H.R. 556 - FINSA of 2007 (CFIUS) which takes prudent steps to improve the process for vetting foreign investments in the U.S. in a way that does not become so unwieldy and uninviting that valuable investment from abroad is discouraged, hurting jobs and economic growth. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open & competitive U.S. markets. Capital Market Competitiveness generally (continued) The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy. The Financial Services Forum supports supervisory and regulatory reforms that will enhance the effectiveness and competitiveness of the U.S. financial services industry.

H.R. 1424 - The Emergency Economic Stablization Act of 2008 (EESA). The Forum supports government policies that promote systemic stability in the capital markets and financial system, increase liquidity in the economy, ease the foreclosure crisis and restore confidence in the economy and financial markets. Fair Value/Market to Market Accounting - The Forum supports transparency and accuracy in accounting standards applicable to Fair Value/Market to Market Accounting (continued) financial and depository institutions. The Forum also supports separating periodic changes in fair value into period credit losses to be reflected in earnings and liquidity losses to be reflected in comprehensive income. In addition, the Forum supports enhancing the trigger for other than temporary impairment on securities and improving the use of FAS Rule 115 to provide further use of held to maturity for cash flow investors. Implementation of regulations and the executive order of H.R. 556 - FINSA of 2007 (CFIUS) which takes prudent steps to improve the process for vetting foreign investments in the U.S. in a way that does not become so unwieldy and uninviting that valuable investment from abroad is discouraged, hurting jobs and economic growth. Financial Regulatory Modernization - The Forum supports modernization and reform of the financial regulatory system to ensure the safety and soundness of financial institutions, the stability of the U.S. financial system and protect the varied interests of depositors, consumers, and investors. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open & competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy. The Forum supports supervisory and regulatory reforms that will enhance the effectiveness and competitiveness of the U.S. financial services industry.

Implementation of regulations and the executive order of H.R. 556 - FINSA of 2007 (CFIUS) which takes prudent steps to improve the process for vetting foreign investments in the U.S. in a way that does not become so unwieldy and uninviting that valuable investment from abroad is discouraged, hurting jobs and economic growth. Capital Market Competitiveness generally - The Forum supports the free flow of capital and open & competitive U.S. markets. Capital Market Competitiveness generally (continued) The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy. The Financial Forum supports supervisory and regulatory reforms that will enhance the effectiveness and competitiveness of the U.S. financial services industry.

Capital Market Competitiveness generally - The Forum supports the free flow of capital and open & competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy. Credit Cards and the availability of credit - Forum supports policy that encourages the availability of credit to the U.S. economy. H. Res. 273/Financial Literacy - The Forum supports policies that bring appropriate focus to the issue of financial education in the U.S. and around the world. H.R. 556 - FINSA of 2007 (CFIUS) All provisions that take prudent steps to improve the process for vetting foreign investments in the U.S. in a way that does not become so unwieldy and uninviting that valuable investment from abroad is discouraged, hurting jobs and ecoonomic growth.

Capital Market Competitiveness generally - The Forum supports the free flow of capital and open & competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy. Credit Cards and the availability of credit - Forum supports policy that encourages the availability of credit to the U.S. economy. H. Res. 273/Financial Literacy - The Forum supports policies that bring appropriate focus to the issue of financial education in the U.S. and around the world. H.R. 556 - FINSA of 2007 (CFIUS) All provisions that take prudent steps to improve the process for vetting foreign investments in the U.S. in a way that does not become so unwieldy and uninviting that valuable investment from abroad is discouraged, hurting jobs and ecoonomic growth.

H.R. 556 - FINSA of 2007 (CFIUS) All provisions that take prudent steps to improve the process for vetting foreign investments in the U.S. in a way that does not become so unwieldy and uninviting that valuable investment from abroad is discouraged, hurting jobs and economic growth.