KPMG LLP for KPMG LLP

Banking BAN

Dodd Frank Act implementation. HR 2483 - Whistleblower Improvement Act of 2011. HR 2827, S.3620 - provisions dealing with exemption from defination of municipal advisors.

Contacted: Internal Revenue Service (IRS); Government Accountability Office (GAO); Securities & Exchange Commission (SEC); SENATE; HOUSE OF REPRESENTATIVES

Bills named: H.R. 2483 (112th), H.R. 2827 (112th), S. 3620 (112th)

Accounting ACC

Dodd Frank Act implementation (Sections 922, 929Y, 929Z, 982). HR 3213, Small Company Job Growth and Regulatory Relief Act of 2011. HR 2941 and S. 1962 - Startup Expansion and Investment Act. HR 1070 - Small Company Capital Formation Act of 2011 - provisions relating to audits. HR 3433 - GRANT Act - provisions dealing with website reporting and single audit. HR 3606 and S. 1993 - Jumpstart Our Business Startups Act (JOBS Act) - provisions on audit and accounting standards, including mandatory audit firm rotation. HR 3476 and S. 1866 - AGREE Act - provisions on audits. HR 3655 - Small Business Access to Capital Act of 2011 - provisions on audits. S.A. 936 to HR 2354 - provision on audits. S. 1965 - Startup Act of 2011 - GAO study on audit costs. S. 1962 - Startup and Investment Act - provisions on audits. HR 3503 - To amend the Sarbanes-Oxley Act of 2002 to make Public Company Accounting Oversight Board disciplinary proceedings open to the public, issues regarding PCAOB disciplinary proceedings. S. 1907 - PCAOB Enforcement Transparency Act of 2011, issues regarding PCAOB disciplinary proceedings.

Contacted: Securities & Exchange Commission (SEC); Government Accountability Office (GAO); Internal Revenue Service (IRS); HOUSE OF REPRESENTATIVES; SENATE

Bills named: S. 1962 (112th), S. 1965 (112th), H.R. 2941 (112th), H.R. 3433 (112th), H.R. 3655 (112th), S. 1907 (112th), H.R. 3606 (112th), H.R. 3213 (112th), S. 1993 (112th), H.R. 1070 (112th), H.R. 3476 (112th), S. 1866 (112th), H.R. 2354 (112th), H.R. 3503 (112th)

Financial Institutions/Investments/Securities FIN

HR 6161- Redefining "accelerated filer"

Contacted: Securities & Exchange Commission (SEC); Government Accountability Office (GAO); Internal Revenue Service (IRS); SENATE; HOUSE OF REPRESENTATIVES

Bills named: H.R. 6161 (112th)

Taxation/Internal Revenue Code TAX

Preparer regulation including PTIN regulations, nonsigning preparers. IRS suitability checks/fingerprinting related to PTIN programs. Taxation of large partnerships.

Contacted: HOUSE OF REPRESENTATIVES; Securities & Exchange Commission (SEC); Government Accountability Office (GAO); SENATE; Internal Revenue Service (IRS)