MANAGED FUNDS ASSOCIATION for MANAGED FUNDS ASSOCIATION

Taxation/Internal Revenue Code TAX

Section 409A of the Internal Revenue Code, S. 681 Stop Tax Haven Abuse Act, H.R. 2834 To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services, S. 1624 To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services, H.R. 2785 To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. Meetings and calls with Members and staff of House and Senate Committees and agency officials concerning possible legislative and regulatory measures and Congressional sudies affecting hedge funds and other alternative investment vehicles.

Contacted: Commodity Futures Trading Commission (CFTC); HOUSE OF REPRESENTATIVES; Federal Reserve System; Treasury, Dept of; Securities & Exchange Commission (SEC); SENATE; Internal Revenue Service (IRS)

Bills named: H.R. 2834 (110th), H.R. 2785 (110th), S. 1624 (110th), S. 681 (110th)

Financial Institutions/Investments/Securities FIN

Securities and Exchange Commision registration amendment to S.4, S. 1402 Hedge Fund Registration Act of 2007, H.R 2586 Securities and Exchange Commission Authority Restoration Act of 2007. Meetings and calls with Members and staff of House and Senate Committees and agency officials concerning possible legislative and regulatory measures and Congressional sudies affecting hedge funds and other alternative investment vehicles.

Contacted: SENATE; Treasury, Dept of; Commodity Futures Trading Commission (CFTC); Internal Revenue Service (IRS); Securities & Exchange Commission (SEC); Federal Reserve System; HOUSE OF REPRESENTATIVES

Bills named: S. 1402 (110th), H.R. 2586 (110th), S. 4 (110th)

Agriculture AGR

H.R. 3161 Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2008. Meetings and calls with Members and staff of House and Senate Committees and agency officials concerning possible legislative and regulatory measures and Congressional sudies affecting hedge funds and other alternative investment vehicles.

Contacted: Commodity Futures Trading Commission (CFTC); Treasury, Dept of; Securities & Exchange Commission (SEC); HOUSE OF REPRESENTATIVES; Federal Reserve System; SENATE; Internal Revenue Service (IRS)

Bills named: H.R. 3161 (110th)

Retirement RET

Meetings and calls with Members and staff of House and Senate Committees and agency officials concerning possible legislative and regulatory measures and Congressional sudies affecting hedge funds and other alternative investment vehicles. H.R. 2683 Pension Security Act of 2007.

Contacted: Internal Revenue Service (IRS); Securities & Exchange Commission (SEC); Commodity Futures Trading Commission (CFTC); Treasury, Dept of; SENATE; Federal Reserve System; HOUSE OF REPRESENTATIVES

Bills named: H.R. 2683 (110th)