3rd Quarter - Report

SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION for SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION

Period 3rd Quarter 2020 Filed Oct 20, 2020 Signed by Kenneth E. Bentsen, Jr.

Official filing
Firm
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION
Client
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION
Income
—
Expenses
$1,400,000
Expense method
A: Lobbying Disclosure Act definitions

What was lobbied

5 issue areas, each in the filer's own words, with who lobbied on it and where.

Banking BAN

Equity market structure issues; Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; Standardized Approach for Counterparty Credit Risk (SA-CCR) reform proposal; Housing Finance Reform; LIBOR transition issues; SEC Final Regulation Best Interest; Implementation of Electronic Signature in Global and National Commerce Act; Consolidated Audit Trail (CAT) - US House and US Senate; Comprehensive Capital Analysis and Review - US Senate; Legislation related to changes in certain private activity bond treatment; H.R. 2513 - Corporate Transparency Act of 2019; H.R. 2474/S. 1306 - Protecting the Right to Organize Act of 2019; H.R. 1595 and S. 1200 - Secure and Fair Enforcement Banking Act of 2019; SEC Proposed Exemptive Order on Municipal Advisors Acting As Placement Agents; S. 1236, the Municipal Securities Rulemaking Board Reform Act of 2019; H.R. 4762, Fair Investment Opportunities for Professional Experts Act; H.R. 3967, Municipal Bond Market Support Act of 2019; S. 482 - Defending American Security from Kremlin Aggression Act of 2019 and other Issues related to foreign policy and the blocking of and/or trade restrictions; Federal Reserve Board and Prudential Agency Covid-19 Actions; S. 2563 - ILLICIT Cash Act; S. 3550 - Municipal Bonds Emergency Relief Act; Self-Regulatory Organization (SRO) Reform; H.R. 2772 - Investing in Our Communities Act; S. 2992 - Investor Choice Act of 2019; S. 1236 - Municipal Securities Rulemaking Board Reform Act of 2019; S. 4129 - Lifting Our Communities through Advance Liquidity for Infrastructure (LOCAL Infrastructure) Act; S. 4203 - American Infrastructure Bonds Act of 2020; S. 3798 - Hong Kong Autonomy Act; Federal government market support programs (e.g. TALF); H.R.2, Moving Forward Act (municipal finance provisions); Public Law 116-136, CARES Act (retirement and savings provisions), (Municipal Liquidity provisions); H.R. 6800, The Heroes Act (retirement and savings provisions); S. 1428/H.R. 6276, Retirement Parity for Student Loans Act; S. 1431, Retirement Security and Savings Act of 2019 (various retirement and savings provisions); SBA Paycheck Protection Program; Net Stable Funding Ratio Regulatory Proposal; Off-Cycle CCAR; Financial Stability Board TooBigToFail Paper; Foreign Banking Organization RRP and Tailoring Proposal; Large Institution Supervision Coordinating Committee (LISCC) Review; S. 2866 - Rural Broadband Financing Flexibility Act; H.R. 7857 - Connect America Now (CAN) Act; S. 4159 - E-SIGN Modernization Act of 2020; SEC Temporary Exemptive Order related to municipal advisors; LIBOR; Federal Reserve G-SIB capital surcharge; Stress Testing Reform; Foreign Banking Organizations Tailoring Proposal Comment Letter; H.R. 2923 - Inclusive Prosperity Act of 2019; Increase in the bank qualified bond limit - Rep. Sewell Bill.

LobbyistCovered position, as disclosed
JENNIFER BANG —
KENNETH E BENTSEN —
WILLIAM CARDON —
KEVIN CARROLL —
BRADLEY GASKINS EDGELL —
LINDSEY WEBER KELJO —
CHRISTOPHER B KILLIAN —
CARTER MCDOWELL —
LESLIE MARION NORWOOD —
NICCOLE RIVERO —
AMENA ROSS —
MARK SCHUERMANN —
JAMIE WALL —

Contacted: Housing & Urban Development, Dept of (HUD); Executive Office of the President (EOP); HOUSE OF REPRESENTATIVES; Homeland Security, Dept of (DHS); Ginnie Mae; State, Dept of (DOS); Office of the Comptroller of the Currency (OCC); Internal Revenue Service (IRS); Natl Security Council (NSC); SENATE; Federal Housing Finance Agency (FHFA); U.S. Trade Representative (USTR); Treasury, Dept of; Federal Deposit Insurance Corporation (FDIC); Commodity Futures Trading Commission (CFTC); Federal Reserve System; Securities & Exchange Commission (SEC); Natl Credit Union Administration (NCUA); Commerce, Dept of (DOC); Natl Economic Council (NEC); Labor, Dept of (DOL)

Bills named: S. 4129 (116th), S. 3798 (116th), S. 2866 (116th), H.R. 3967 (116th), H.R. 2 (116th), H.R. 6800 (116th), H.R. 2474 (116th), S. 1200 (116th), S. 4159 (116th), S. 1428 (116th), H.R. 6276 (116th), H.R. 7857 (116th), S. 2563 (116th), S. 1306 (116th), H.R. 4762 (116th), S. 482 (116th), H.R. 2513 (116th), S. 4203 (116th), S. 2992 (116th), H.R. 2923 (116th), S. 1431 (116th), S. 3550 (116th), H.R. 1595 (116th), H.R. 2772 (116th), S. 1236 (116th)

Financial Institutions/Investments/Securities FIN

H.R. 1876 (Senior Security Act of 2019); H.R. 2513 (Corporate Transparency Act of 2019); S. 452 (Fostering Innovation Act of 2019); S. 2499 (A bill to require the Financial Industry Regulatory Authority to establish a relief fund to provide investors with the full value of unpaid arbitration awards issued against brokerage firms or brokers regulated by the Authority. 115th Cong.); Accounting standards for municipalities; CFTC cross-border guidance exemptive order; CFTC exemptive order on extraterritorial scope of Title VII; Release No. 34-71958, Security-Based Swap Dealers Recordkeeping; Regulation AB II (asset backed securities - Securities and Exchange Commission, Consumer Financial Protection Bureau); Futures Commission Merchant and Introducing Broker Conflicts of Interest Policies and Procedures; Inter-affiliate swap transactions; Trade policy issues (general); China "Secure and Controllable" information and communication technologies (ICT) regulations; Mutual Fund 12b-1 Fees; Senior investors/diminished capacity investors; Diversity & Inclusion initiatives in the financial services industry; P.L. 106-229 (E-Sign Act); Issues related to restitution and disgorgement (not yet introduced); Legislation related to the FINRA arbitration system for broker-dealers; Housing finance reform (general); SEC Proposed Exemptive Order on Municipal Advisors Acting As Placement Agents; S. 1236, the Municipal Securities Rulemaking Board Reform Act of 2019; H.R. 609, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019; H.R. 1815, SEC Disclosure Effectiveness Testing Act of 2019; S. 1719 - Senior Security Act of 2019; H.R. 5336 - Investor Choice Act of 2019; Public Law 116-136, CARES Act; S. 4129 - LOCAL Infrastructure Act; S. 4203 - American Infrastructure Bonds Act of 2020; H.R.6242 - SEC Relief to Slow the Spread of Coronavirus Act of 2020; S.945/H.R. 7000 - Holding Foreign Companies Accountable Act; H.R. 2 - Moving Forward Act; S. 2866 - Rural Broadband Financing Flexibility Act; H.R. 7857 - Connect America Now (CAN) Act; S. 3550 - Municipal Bonds Emergency Relief Act.

LobbyistCovered position, as disclosed
JENNIFER BANG —
KENNETH E BENTSEN —
LISA BLEIER —
WILLIAM CARDON —
KEVIN CARROLL —
BRADLEY GASKINS EDGELL —
LINDSEY WEBER KELJO —
CHRISTOPHER B KILLIAN —
MELISSA MACGREGOR —
PETER MATHESON —
CARTER MCDOWELL —
LESLIE MARION NORWOOD —
NICCOLE RIVERO —
AMENA ROSS —
MARK SCHUERMANN —
JUSTIN SOK —
JAMIE WALL —

Contacted: Natl Economic Council (NEC); HOUSE OF REPRESENTATIVES; Federal Reserve System; Commodity Futures Trading Commission (CFTC); Federal Deposit Insurance Corporation (FDIC); Internal Revenue Service (IRS); Office of the Comptroller of the Currency (OCC); Homeland Security, Dept of (DHS); State, Dept of (DOS); Housing & Urban Development, Dept of (HUD); Securities & Exchange Commission (SEC); Natl Security Council (NSC); Treasury, Dept of; Ginnie Mae; Federal Housing Finance Agency (FHFA); U.S. Trade Representative (USTR); Natl Credit Union Administration (NCUA); Commerce, Dept of (DOC); Labor, Dept of (DOL); Executive Office of the President (EOP); SENATE

Bills named: H.R. 5336 (116th), H.R. 609 (116th), S. 4203 (116th), H.R. 7857 (116th), H.R. 2513 (116th), S. 2499 (116th), S. 945 (116th), H.R. 1815 (116th), S. 3550 (116th), S. 452 (116th), S. 4129 (116th), H.R. 1876 (116th), S. 1719 (116th), S. 2866 (116th), H.R. 2 (116th), H.R. 7000 (116th), S. 1236 (116th), H.R. 6242 (116th)

Commodities (big ticket) CDT

Regulation of over-the-counter (OTC) derivatives (standardization of derivatives - all aspects including exchange trading, clearing, and reporting requirements); Block trades on swap execution facilities (SEFs); Derivatives regulation (general); Margin requirements for uncleared swaps; Initial margin for inter-affiliate transactions; Commodity Exchange Act reauthorization; H.R. 7668 - Financial Services and General Appropriations Act, 2021; H.R.7046 - To amend the Bank Holding Company Act of 1956 to place certain limitations on commodity ownership and to repeal the merchant banking authority, and for other purposes; H.R. 4895 - CFTC Reauthorization Act of 2019; CFTC proposed cross border rule; CFTC final rule on margin requirements for uncleared swaps; Standardized Approach for Counterparty Credit Risk (SA-CCR Rule Making).

LobbyistCovered position, as disclosed
JENNIFER BANG —
KENNETH E BENTSEN —
WILLIAM CARDON —
BRADLEY GASKINS EDGELL —
CARTER MCDOWELL —
LESLIE MARION NORWOOD —
NICCOLE RIVERO —
AMENA ROSS —
MARK SCHUERMANN —
JAMIE WALL —

Contacted: Labor, Dept of (DOL); Natl Credit Union Administration (NCUA); SENATE; Office of the Comptroller of the Currency (OCC); Housing & Urban Development, Dept of (HUD); HOUSE OF REPRESENTATIVES; Federal Reserve System; Securities & Exchange Commission (SEC); State, Dept of (DOS); Natl Economic Council (NEC); Natl Security Council (NSC); Federal Deposit Insurance Corporation (FDIC); Federal Housing Finance Agency (FHFA); Homeland Security, Dept of (DHS); Ginnie Mae; Commerce, Dept of (DOC); Executive Office of the President (EOP); Commodity Futures Trading Commission (CFTC); Treasury, Dept of; Internal Revenue Service (IRS); U.S. Trade Representative (USTR)

Bills named: H.R. 4895 (116th), H.R. 7668 (116th), H.R. 7046 (116th)

Taxation/Internal Revenue Code TAX

H.R. 1516 (Wall Street Tax Act of 2019); H.R. 2772 (Investing in Our Communities Act); S. 647 (Wall Street Tax Act of 2019); United States individual and business taxation; Chapters 3 and 4 of Subtitle A of the Internal Revenue Code (responsibilities of financial institutions); Proposals to modify tax incentives for retirement savings and investment; Regulations implementing P.L. 115-97, Dec. 22, 2017, including regulations and guidance relating to IRC Sections 59A, 162(f), 163(j), 451, 199A, 512, 904, 951A, 958, and 1446; Taxation of contract modifications associated with transition from LIBOR to alternative reference rates, including SOFR; Regulations under IRC Sec. 871(m) and IRC Sec. 385; International tax reform; Technical and policy modifications to P.L. 115-97; Tax Incentives to preserve interest deduction related to municipal bonds; Tax Incentives to reinstate advance refunding bonds; Tax Incentives to provide for direct pay municipal bonds; Issues related to taxation of ownership of securities and securities transactions; Technical correction related to the repeal of Section 958(b)(4) in P.L. 115-97 (Tax Cuts and Jobs Act); H.R. 3967 - Municipal Bond Market Support Act of 2019; Proposals to expand Private Activity Bonds; S. 3995, the Remote and Mobile Worker Relief Act of 2020; H.R. 6800, The Heroes Act (retirement and savings provisions); H.R. 2, Moving Forward Act (municipal finance provisions); S. 4203, American Infrastructure Bond Act; Public Law 116-136, CARES Act (retirement and savings provisions); S. 1431, Retirement Security and Savings Act of 2019 (various retirement and savings provisions); S. 1428/H.R. 6276, Retirement Parity for Student Loans Act; S. 2866 - Rural Broadband Financing Flexibility Act; H.R. 7857 - Connect America Now (CAN) Act; S. 4129 - LOCAL Infrastructure Act.

LobbyistCovered position, as disclosed
JENNIFER BANG —
KENNETH E BENTSEN —
LISA BLEIER —
WILLIAM CARDON —
BRADLEY GASKINS EDGELL —
TRACY EICHLER —
JILLIAN ENOCH —
LINDSEY WEBER KELJO —
JOHN MAURELLO —
CARTER MCDOWELL —
LESLIE MARION NORWOOD —
NICCOLE RIVERO —
AMENA ROSS —
MARK SCHUERMANN —
JUSTIN SOK —
JAMIE WALL —

Contacted: Homeland Security, Dept of (DHS); Labor, Dept of (DOL); Natl Economic Council (NEC); Office of the Comptroller of the Currency (OCC); State, Dept of (DOS); U.S. Trade Representative (USTR); SENATE; Housing & Urban Development, Dept of (HUD); Commodity Futures Trading Commission (CFTC); HOUSE OF REPRESENTATIVES; Federal Housing Finance Agency (FHFA); Securities & Exchange Commission (SEC); Commerce, Dept of (DOC); Federal Reserve System; Treasury, Dept of; Natl Credit Union Administration (NCUA); Federal Deposit Insurance Corporation (FDIC); Executive Office of the President (EOP); Internal Revenue Service (IRS); Ginnie Mae; Natl Security Council (NSC)

Bills named: S. 4129 (116th), S. 1428 (116th), S. 647 (116th), S. 4203 (116th), H.R. 6800 (116th), H.R. 3967 (116th), S. 3995 (116th), S. 2866 (116th), H.R. 7857 (116th), H.R. 1516 (116th), H.R. 2 (116th), H.R. 6276 (116th), H.R. 2772 (116th), S. 1431 (116th)

Retirement RET

H.R. 1439 (Increase Access to a Secure Retirement Act of 2019); H.R. 1516 (Wall Street Tax Act of 2019); H.R. 1876 (Senior Security Act of 2019); H.R. 1907 (Retirement Security for American Workers Act); H.R. 1993 (To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the rules relating to multiple employer plans and pooled employer plans and to modify PBGC premiums for CSEC plans); H.R. 1994 (Setting Every Community up for Retirement Enhancement (SECURE) Act of 2019); S. 647 (Wall Street Tax Act of 2019); S. 1431 (Retirement Security and Savings Act of 2019); S. 1719 (Senior Security Act of 2019); Tax incentives for retirement savings; SEC Final Regulation Best Interest; Senior Investor Report and Hold concept legislation; Electronic delivery of retirement plan documents and disclosures; Public Law 116-136, CARES Act; H.R. 4117 (IRA Preservation Act of 2019); H.R.6800 (The Heroes Act); S.1428/H.R.6276 (Retirement Parity for Student Loans Act); S. 1431 (Retirement Security and Savings Act of 2019), various retirement and savings provisions); SECURE Act 2.0, not yet introduced (provisions relating to RMD safe harbor and age increase, employer matching incentives, catch-up contribution increases, and student loan payments); Department of Labor proposed rule on defining plan fiduciaries' duties under ERISA; Department of Labor proposed prohibited transaction exemption on investment advice; Department of Labor Proposed proxy advisor rule; Department of Labor proposed ESG rule.

LobbyistCovered position, as disclosed
JENNIFER BANG —
KENNETH E BENTSEN —
LISA BLEIER —
WILLIAM CARDON —
BRADLEY GASKINS EDGELL —
TRACY EICHLER —
JILLIAN ENOCH —
JOHN MAURELLO —
CARTER MCDOWELL —
NICCOLE RIVERO —
AMENA ROSS —
MARK SCHUERMANN —
JAMIE WALL —

Contacted: U.S. Trade Representative (USTR); Treasury, Dept of; Federal Reserve System; SENATE; Housing & Urban Development, Dept of (HUD); State, Dept of (DOS); HOUSE OF REPRESENTATIVES; Office of the Comptroller of the Currency (OCC); Securities & Exchange Commission (SEC); Ginnie Mae; Homeland Security, Dept of (DHS); Internal Revenue Service (IRS); Natl Credit Union Administration (NCUA); Federal Housing Finance Agency (FHFA); Commerce, Dept of (DOC); Executive Office of the President (EOP); Commodity Futures Trading Commission (CFTC); Labor, Dept of (DOL); Natl Security Council (NSC); Federal Deposit Insurance Corporation (FDIC); Natl Economic Council (NEC)

Bills named: H.R. 1993 (116th), S. 647 (116th), S. 1431 (116th), H.R. 1994 (116th), H.R. 1876 (116th), H.R. 1439 (116th), H.R. 1907 (116th), H.R. 1516 (116th), H.R. 6276 (116th), H.R. 6800 (116th), H.R. 4117 (116th), S. 1428 (116th), S. 1719 (116th)

Shown as published by the Senate Office of Public Records and the House Clerk under the Lobbying Disclosure Act. The official filing is the record; open it for the full form.