PRINCIPAL FINANCIAL GROUP for PRINCIPAL FINANCIAL GROUP
A later version of this report replaces this one, so LegiList's totals use the current version instead. This page shows this version exactly as filed.
Versions of this report
Every filing the register holds for this firm, client and period, oldest first. The most recent one is the version LegiList counts.
| Filing | Filed | Amount | Counted |
|---|---|---|---|
| 1st Quarter - Report (this page) | Apr 19, 2012 | $775,000 | Replaced |
| 1st Quarter - Report | Apr 19, 2012 | $775,000 | Replaced |
| 1st Quarter - Amendment | Apr 19, 2012 | $775,000 | Yes |
What was lobbied
8 issue areas, each in the filer's own words, with who lobbied on it and where.
Retirement RET
HR 677/S267- would require 401(k) plan sponsors to inform participating workers of the projected monthly income they could expect at retirement based on their current account balance. DOL proposed rules to amend the definition of fiduciary. HR. 1534: Amends Internal Revenue Code provisions relating to employer-established simple individual retirement accounts (IRAs) to: (1) repeal certain restrictions on rollovers from simple IRAs, (2) allow employers to elect to terminate qualified salary reduction arrangements at any time during the year, (3) repeal the enhanced 25% penalty on premature withdrawals made from simple IRAs within the first two plan years, (4) allow additional nonelective employer contributions to simple IRAs, (5) establish automatic deferral IRAs, (6) allow a transfer of unused balances in flexible spending arrangements to a qualified retirement or eligible deferred compensation plan, (7) increase the tax credit for small employer pension plan startup costs, and (8) establish multiple small employer retirement plans that provide for automatic employee contributions H.R.4049: Automatic IRA Act of 2012 - would require all employers that employ more than 10 employees, who do not sponsor a qualified retirement plan to automatically enroll their employees at 3% of pay into a payroll deduct IRA. H.R.4050: Retirement Plan Simplification and Enhancement Act of 2012 the bill would permit all required ERISA disclosures to be made available in an electronic manner (following advanced notice and with the right to opt out). H.CON.RES.101 : Expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement. S. 1020: To amend the Internal Revenue Code of 1986 to modify the rules relating to loans made from a qualified employer plan. S. 1121: Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 or the SEAL 401(k) Act - Amends the Internal Revenue Code, with respect to loans made from a qualified employer plan, to: (1) extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed, and (2) prohibit plans from allowing the use of credit cards or similar arrangements to access loan amounts. S. 1232: a bill to modify the definition of fiduciary under the Employee Retirement Income Security Act (ERISA) of 1974 to exclude appraisers of employee stock ownership plans. S.1557 the Automatic IRA Act of 2011 Amends the Internal Revenue Code to: (1) require certain employers who do not maintain qualified retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement (automatic IRA arrangement) which grants such employees the right to opt-out of participation, (2) require the Secretary of the Treasury to provide employers with a model notice for notifying employees of automatic IRS arrangements and to establish a program to assist employers in the implementation of such arrangements, (3) allow employers who do not have more than 100 employees a tax credit for costs associated with establishing an automatic IRA arrangement, (4) impose a penalty on employers who fail to provide eligible employees access to automatic IRA arrangements, and (5) increase the tax credit for small employer pension plan start-up costs. S. 1813: Highway Investment, Job Creation and Economic Growth Act of 2012 - defined benefit plan Funding Stabilization proposal which generates $9.5 billion in revenue. S.2252: Rebuild America Act -- to rebuild the American middle class by creating jobs, investing in our future, building opportunity for working families, and restoring balance to the tax code.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PATTI BLUMER | — |
| JAMES N CAVANAUGH | — |
| RICHARD COOPER LAWSON | — |
| CHIRSTOPHER PAYNE New | — |
| R LUCIA RIDDLE | — |
Banking BAN
Public Law 111-203, HR 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act implementation and regulatory reform. H.R. 1573: To facilitate implementation of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption. S. 2223 provides for the implementation of the Volcker Rule after the agencies have issued their final rules rather than two years after the date Dodd-Frank was signed into law. This is accomplished by a two-word amendment which would change the effective date from earlier of to later of between these two dates.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PATTI BLUMER | — |
| RICHARD COOPER LAWSON | — |
| CHIRSTOPHER PAYNE New | — |
| R LUCIA RIDDLE | — |
Copyright/Patent/Trademark CPT
S. 23/HR 1249: would amend the law that governs how the Patent and Trademark Office (PTO) awards patents: to alter the rule that prioritizes the award of a patent from the first to invent to the first inventor to file. and would establish new review procedures that would allow individuals to challenge the validity of a patent.
| Lobbyist | Covered position, as disclosed |
|---|---|
| CHIRSTOPHER PAYNE New | — |
| R LUCIA RIDDLE | — |
Financial Institutions/Investments/Securities FIN
Public Law 111-203, HR 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act implementation and regulatory reform. H.R.1610: To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934. H.R. 1223 - To amend the Securities Exchange Act of 1934 to ensure mortgages held or securitized by Fannie Mae and Freddie Mac and asset-backed securities issued by such enterprises are treated similarly as other mortgages and asset-backed securities for purposes of the credit risk retention requirements under such Act. HR 2682: Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements for certain significant price discovery agreements, contracts, or transactions in a commodity exempt from regulation by the Commodity Futures Trading Commission (CFTC). Amends the Securities Exchange Act of 1934, with respect to registration and regulation of security-based swap dealers and major security-based swap participants, to exempt from initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization any security-based swap in which one of the counterparties is: (1) not a financial entity, and (2) is eligible for exception from clearing requirements. H.R. 3283: clarifies Dodd-Frank Act provisions to ensure the equal treatment of U.S. firms conducting transactions outside of the U.S. and foreign firms conducting similar activities. H.R. 4235: repeals the Dodd-Frank Act indemnification requirements for regulators to obtain data from SDRs S. 947 To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934 S.799 Kerry-Mccain privacy bill-A bill to establish a regulatory framework for the comprehensive protection of personal data for individuals under the aegis of the Federal Trade Commission. S1615: Financial Regulatory Responsibility Act-Requires financial regulators to conduct consistent economic analysis on every new rule they propose, provide clear justification for the rules, and determine the economic impacts of proposed rulemakings, including their effects on growth and net job creation. HR940, S.1835: United States Covered Bond Act of 2011 - Directs the Secretary of the Treasury to establish a regulatory oversight program for specified recourse debt obligations of an eligible issuer (covered bonds) that provides for such bonds to be maintained in a manner consistent with safe and sound asset-liability management and other financial practices.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PATTI BLUMER | — |
| JAMES N CAVANAUGH | — |
| RICHARD COOPER LAWSON | — |
| CHIRSTOPHER PAYNE New | — |
| R LUCIA RIDDLE | — |
Taxation/Internal Revenue Code TAX
S.85, to amend the Internal Revenue Code of 1986 to reduce the maximum rate of tax on the income of corporations to 20 percent. S.107, to amend the Internal Revenue Code of 1986 to treat income earned by mutual funds from exchange-traded funds holding precious metal bullion as qualifying income HR749 - To amend the Internal Revenue Code of 1986 to permanently extend the subpart F exemption for active financing income. HR1151- Emergency Mortgage Relief and Neighborhood Stabilization Programs Cost Recoupment Act of 2011 - Amends the Dodd-Frank Street Reform and Consumer Protection Act to direct the Secretary of the Treasury, in order to offset the costs of assistance under the Emergency Mortgage Relief and Neighborhood Stabilization Programs, to make risk-based assessments in the total amount of $2.5 billion on financial companies: (1) that manage hedge funds with $10 billion or more in assets under management on a consolidated basis; or (2) with $50 billion or more in total consolidated assets. President's proposed Budget for Fiscal Year 2012 - tax issues related to life insurance and retirement. HR 1601 To amend the Internal Revenue Code of 1986 to permanently extend certain expiring provisions.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PATTI BLUMER | — |
| JAMES N CAVANAUGH | — |
| RICHARD COOPER LAWSON | — |
| CHIRSTOPHER PAYNE New | — |
| R LUCIA RIDDLE | — |
Health Issues HCR
S174, to improve the health of Americans and reduce health care costs by reorienting the nation's health care system toward prevention, wellness, and health promotion. HR.1809: To amend the Employee Retirement Income Security Act of 1974 to ensure health care coverage value and transparency for dental benefits under group health plans.
| Lobbyist | Covered position, as disclosed |
|---|---|
| CHIRSTOPHER PAYNE New | — |
| R LUCIA RIDDLE | — |
Foreign Relations FOR
China market access S.1619: Currency Exchange Rate Oversight Reform Act of 2011-allows the U.S. government to slap countervailing duties on products from countries found to be subsidizing their exports by undervaluing their currencies
| Lobbyist | Covered position, as disclosed |
|---|---|
| RICHARD COOPER LAWSON | — |
Insurance INS
Public Law 111-203, HR 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act implementation and regulatory reform. No bill number - A bill to require a Federal Regulator for insurance. HR 452: Medicare Decisions Accountability Act of 2011 Amendment to repeal of McCarran-Ferguson. S. 1813: Highway Investment, Job Creation and Economic Growth Act of 2012 - the bill would alter the reporting requirements associated with the life settlements.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PATTI BLUMER | — |
| RICHARD COOPER LAWSON | — |
| CHIRSTOPHER PAYNE New | — |
| R LUCIA RIDDLE | — |
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.