UBS AMERICAS INC. for UBS AMERICAS INC

Financial Institutions/Investments/Securities FIN

Issues relating to 401(k) Plan Fee Disclosures. Issues relating to hedge funds and private equity governance. Issues relating to convergence of US GAAP and IFRS accounting standards. Issues relating to international trading of securities. HR 1427/S 1100, "Federal Housing Finance Reform Act." HR 3012, "Fair Mortgage Practices Act of 2007." S 1299, "Borrower's Protection Act." HR 3915, "Mortgage Reform and Anti-Predatory Lending Act of 2007." Mutual fund fee structure. Regulation of Investment Advisors and Broker Dealers. Financial services industry regulatory reform, including the regulatory Blueprint from the Department of Treasury. Sovereign wealth funds and cross-border capital flow. Monoline insurers and associated issues in the auction rate securities markets. HR 5140, "Recovery Rebates and Economic Stimulus for the American People Act of 2008." HR 1852/ S 2338, "Expanding American Homeownership Act of 2007." Draft legislation to allow the FHA to refinance distressed mortgages. S 2636, "Foreclosure Prevention Act of 2008," and HR 3221. HR 5579, "To remove an impediment to troubled debt restructuring on the part of holders of residential mortgage loans, and for other purposes."

Foreign entity interest: UBS AG, previously listed on Form LD-1, has an interest in US GAAP accounting standards.

Contacted: Federal Reserve System; SENATE; Homeland Security, Dept of (DHS); Securities & Exchange Commission (SEC); Executive Office of the President (EOP); Treasury, Dept of; HOUSE OF REPRESENTATIVES; Education, Dept of

Bills named: H.R. 3221 (110th), H.R. 3915 (110th), H.R. 1427 (110th), H.R. 5140 (110th), H.R. 1852 (110th), H.R. 3012 (110th), H.R. 5579 (110th)

Taxation/Internal Revenue Code TAX

HR 4912, "To amend the Internal Revenue Code with respect to the treatment of prepaid derivative contracts." HR 2419, "Farm Bill Extension Act of 2007." (Tax titles) HR 878/S 601, "Simplification Through Additional Reporting Tax Act of 2007." (Basis reporting) HR 2136/S 681, "Stop Tax Haven Abuse Act." (Including economic substance) HR 6, "CLEAN Energy Act of 2007." (Tax titles) HR 4351, "The AMT Relief Act." (Economic substance, non-qualified deferred compensation) HR 3765, "To amend the Internal Revenue Code of 1986 to provide transparency with respect to fees and expenses charged to participant-directed defined contribution plans." HR 5140, "Recovery Rebates and Economic Stimulus for the American People Act of 2008."

Contacted: Securities & Exchange Commission (SEC); HOUSE OF REPRESENTATIVES; Federal Reserve System; Homeland Security, Dept of (DHS); Executive Office of the President (EOP); Education, Dept of; Treasury, Dept of; SENATE

Bills named: H.R. 5140 (110th), H.R. 3765 (110th), H.R. 2136 (110th), H.R. 4351 (110th), H.R. 6 (110th), H.R. 4912 (110th), H.R. 2419 (110th), H.R. 878 (110th)

Retirement RET

HR 3185, "401(k) Fair Disclosure for Retirement Security Act."

Contacted: Treasury, Dept of; HOUSE OF REPRESENTATIVES; Homeland Security, Dept of (DHS); Executive Office of the President (EOP); Education, Dept of; SENATE; Federal Reserve System; Securities & Exchange Commission (SEC)

Bills named: H.R. 3185 (110th)

Government Issues GOV

HR 1908/S 1145, "The Patent Reform Act of 2007." Visa reform issues, including an increase in H1-B visas and extension of time limits on Optional Practical Training visas.

Contacted: Securities & Exchange Commission (SEC); Education, Dept of; SENATE; HOUSE OF REPRESENTATIVES; Homeland Security, Dept of (DHS); Federal Reserve System; Treasury, Dept of; Executive Office of the President (EOP)

Bills named: H.R. 1908 (110th)

Energy/Nuclear ENG

HR 6, "CLEAN Energy Act of 2007." HR 3221, New Direction for Energy Independence, National Security, and Consumer Protection Act." S 1419, "Renewable Fuels, Consumer Protection, and Energy Efficiency Act of 2007."

Contacted: Education, Dept of; HOUSE OF REPRESENTATIVES; Securities & Exchange Commission (SEC); SENATE; Federal Reserve System; Executive Office of the President (EOP); Homeland Security, Dept of (DHS); Treasury, Dept of

Bills named: H.R. 3221 (110th), H.R. 6 (110th)

Education EDU

HR 5715, "To ensure continued availability of access to the Federal student loan program for students and families." Proposal to enhance liquidity in student loan auction rate securities market.

Contacted: Federal Reserve System; Executive Office of the President (EOP); Homeland Security, Dept of (DHS); SENATE; HOUSE OF REPRESENTATIVES; Securities & Exchange Commission (SEC); Education, Dept of; Treasury, Dept of

Bills named: H.R. 5715 (110th)

Banking BAN

HR 698/S 1356, "Industrial Bank Holding Company Act of 2007."

Contacted: HOUSE OF REPRESENTATIVES; Education, Dept of; Federal Reserve System; Treasury, Dept of; Homeland Security, Dept of (DHS); Securities & Exchange Commission (SEC); SENATE; Executive Office of the President (EOP)

Bills named: H.R. 698 (110th)

Bankruptcy BNK

HR 3609, "Emergency Home Ownership and Mortgage Equity Protection Act of 2007." S 2136, "Helping Families Save their Homes in Bankruptcy Act of 2007."

Contacted: Securities & Exchange Commission (SEC); Homeland Security, Dept of (DHS); Education, Dept of; HOUSE OF REPRESENTATIVES; Federal Reserve System; Executive Office of the President (EOP); SENATE; Treasury, Dept of

Bills named: H.R. 3609 (110th)