FIFTH THIRD BANCORP for FIFTH THIRD BANCORP

Taxation/Internal Revenue Code TAX

General discussions and issues related to bank tax, new market tax credits, tax extenders, business interest deductibility, depreciation, section 1031 (like-kind exchange), inversion/sec. 385, and corporate tax reform (no specific bill).

Contacted: HOUSE OF REPRESENTATIVES; SENATE; Federal Reserve System; Consumer Financial Protection Bureau (CFPB); Government Accountability Office (GAO)

Banking BAN

HR 1309, Systemic Risk Designation Improvement Act of 2015 (all provisions). S. 1484, Financial Regulatory Improvement Act of 2015 (all provisions). HR 2205 / S. 961, Data Security Act of 2015 (all provisions). HR 5983, Financial CHOICE Act (all provisions). HR 5465, to repeal section 1075 of the Consumer Financial Protection Act of 2010 relating to rules for payment card transactions, and for other purposes (all provisions). HR 5027, to amend the Federal Reserve Act to adjust the circumstances under which Federal reserve bank stock is callable, and for other purposes (all provisions). Federal Reserve dividend proposal, language to amend the Fixing Americas Surface Transportation Act (FAST Act), 2016 highway/transportation funding bill, bank related funding provision (no specific bill). HR 6118, Financial Services Innovation Act of 2016 (all provisions). General discussions and issues small business lending, SBA 7a funding (no specific bill). General discussions covering data and cyber security (no specific bill). General discussions and issues covering CFPB proposed payday, vehicle title, and certain high-cost installment loans rule, including 5% PTI (no specific bill). General discussions covering financial services appropriations, arbitration, overdraft, small dollar lending and short term loan programs, deposit advance, and express banking (no specific bill). H.R. 4173 (111th Congress, P.L. 111-203): Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act); legislative and regulatory implementation discussions covering rules and regulations, process, systems and structures, oversight, process, enforcement and compliance. General discussions covering the Dodd-Frank Act and provisions, Financial Stability Oversight Council, Office of Financial Research, systemically important financial institutions (SIFI) designations, prudential regulations, mortgage regulations (qualified mortgages, qualified residential mortgages), Volcker, CCAR and capital planning, bank liquidity, Basel, resolution planning, living wills, stress testing, corporate governance, enhanced prudential standards (165/166), remittance, 716, swaps push-out, Title VII (swaps/derivatives), Title II, section 1071, end user margins, point/fees, pre-paid cards, new product development, examinations and other banking and financial services related provisions.

Contacted: SENATE; Government Accountability Office (GAO); HOUSE OF REPRESENTATIVES; Federal Reserve System; Consumer Financial Protection Bureau (CFPB)

Bills named: H.R. 6118 (114th), H.R. 5465 (114th), H.R. 2205 (114th), H.R. 5027 (114th), H.R. 4173 (114th), S. 961 (114th), H.R. 5983 (114th), H.R. 1309 (114th), S. 1484 (114th)