4th Quarter - Report

SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION for SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION

Period 4th Quarter 2019 Filed Jan 21, 2020 Signed by Kenneth E. Bentsen, Jr.

Official filing
Firm
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION
Client
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION
Income
—
Expenses
$2,380,000
Expense method
A: Lobbying Disclosure Act definitions

What was lobbied

5 issue areas, each in the filer's own words, with who lobbied on it and where.

Financial Institutions/Investments/Securities FIN

H.R. 609 (Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019); H.R. 1815 (SEC Disclosure Effectiveness Testing Act); H.R. 1876 (Senior Security Act of 2019); H.R. 2513 (Corporate Transparency Act of 2019); H.R. 2515 (To amend the Securities and Exchange Act of 1934 to amend the definition of whistleblower); H.R. 3351 (Financial Services and General Government Appropriations Act, 2020); S. 452 (Fostering Innovation Act of 2019); S. 536 (Encouraging Public Offerings Act of 2019); S. 2499 (A bill to require the Financial Industry Regulatory Authority to establish a relief fund to provide investors with the full value of unpaid arbitration awards issued against brokerage firms or brokers regulated by the Authority. 115th Cong.); Senate Banking Committee request for information on privacy and data protection for consumers. Swap execution facilities; Swap dealer, major swap participant, and futures commission merchant chief compliance officer; Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation (including Section 913; Section 914; Systemic risk regulation and liquidation authority; Section 342 (Office of Minority and Women Inclusion); Section 621; Section 941; Title I and Title II); India Market Access Issues; India Financial Sector Reform; Accounting standards for municipalities; Privacy, cybersecurity, and data aggregation issues (general); CFTC cross-border guidance exemptive order; CFTC exemptive order on extraterritorial scope of Title VII; Commodity Pools and Securitization; Securities and Exchange Commission Rules 15Ba1-1 through 15Ba1-8; Release No. 34-71958, Security-Based Swap Dealers Recordkeeping; Regulation AB II (asset backed securities - Securities and Exchange Commission, Consumer Financial Protection Bureau); Futures Commission Merchant and Introducing Broker Conflicts of Interest Policies and Procedures; Inter-affiliate swap transactions; Trade policy issues (general); China "Secure and Controllable" information and communication technologies (ICT) regulations; Mutual Fund 12b-1 Fees; Senior investors/diminished capacity investors; Broker-dealers/investment advisers mitigation of accounts; Diversity & Inclusion initiatives in the financial services industry; Data localization requirements in the Trans-Pacific Partnership; Swap Execution Facilities (SEFs) and clearing for swaps; Global FX Code of Conduct; Decision to delay implementation for margin for non-centrally cleared swaps; Municipal information disclosure regulation; US and China 100-day trade talks; Data Breach Notification Federal Standard; The Brokaw Act (not yet reintroduced); Exchange Regulatory Improvement Act (not yet reintroduced); Fair Investment Opportunities for Professional Experts Act (not yet reintroduced); Small Business Audit Correction Act of 2018 (not yet reintroduced); Options Markets Stability Act (not yet reintroduced); National Senior Investor Initiative Act of 2018 (not yet reintroduced); Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018 (not yet reintroduced); Improving Investment Research for Small and Emerging Issuers Act (not yet reintroduced); P.L. 106-229 (E-Sign Act); Section 956 of the Dodd Frank Act (Incentive Compensation); United States-Mexico-Canada Agreement (USMCA); Issues related to the Investor Choice Act (not yet reintroduced); Legislation related to Securities and Exchange Commission Regulation A; Issues related to restitution and disgorgement (not yet introduced); Legislation related to the FINRA arbitration system for broker-dealers; Housing finance reform (general); Financial technology (FinTech) issues (general); Issues related to the proposed Bad Actor Disqualification Act of 2019; Issues related to H.R.264, the Fiscal Year 2019 Financial Services and General Government Appropriations Act; Options Markets Stability Act (not yet reintroduced); Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018 (not yet reintroduced); Improving Investment Research for Small and Emerging Issuers Act (not yet reintroduced); SEC Proposed Exemptive Order on Municipal Advisors Acting As Placement Agents; S. 1236, the Municipal Securities Rulemaking Board Reform Act of 2019; H.R. 609, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019; H.R. 1815, SEC Disclosure Effectiveness Testing Act of 2019; SEC Regulation Best Interest.

LobbyistCovered position, as disclosed
JENNIFER BANG —
KENNETH E BENTSEN —
LISA BLEIER —
KYLE L BRANDON —
KEVIN CARROLL —
BRADLEY GASKINS EDGELL —
LINDSEY WEBER KELJO —
CHRISTOPHER B KILLIAN —
MELISSA MACGREGOR —
PETER MATHESON —
CARTER MCDOWELL —
LESLIE MARION NORWOOD —
AMENA ROSS —
MARK SCHUERMANN —
JUSTIN SOK New U.S. Dept of the Treasury, Sr Advr, Leg Affrs, Apr-Dec 2019; Special Asst, Leg Affrs, Aug 2018-Mar 2019. Leg Dir, Rep. Jason Smith, Jun 2013-Aug 2018; Leg Asst, Rep. Jo Ann Emerson, Aug 2008-Jun 2013; Staff Asst, Rep. Ed Whitfield, Jun 2007-Aug 2008
JAMIE WALL —

Contacted: Treasury, Dept of; Commodity Futures Trading Commission (CFTC); Natl Credit Union Administration (NCUA); U.S. Trade Representative (USTR); HOUSE OF REPRESENTATIVES; Federal Housing Finance Agency (FHFA); Ginnie Mae; State, Dept of (DOS); Federal Deposit Insurance Corporation (FDIC); Labor, Dept of (DOL); Office of the Comptroller of the Currency (OCC); Natl Security Council (NSC); Housing & Urban Development, Dept of (HUD); Securities & Exchange Commission (SEC); SENATE; Federal Reserve System; Natl Economic Council (NEC); Commerce, Dept of (DOC); Executive Office of the President (EOP); Homeland Security, Dept of (DHS); Internal Revenue Service (IRS)

Bills named: H.R. 1815 (116th), H.R. 609 (116th), H.R. 2515 (116th), H.R. 1876 (116th), H.R. 264 (116th), H.R. 2513 (116th), S. 2499 (116th), S. 1236 (116th), H.R. 3351 (116th), S. 452 (116th), S. 536 (116th)

Retirement RET

H.R. 1007 (Retirement Enhancement and Savings Act of 2019); H.R. 1439 (Increase Access to a Secure Retirement Act of 2019); H.R. 1516 (Wall Street Tax Act of 2019); H.R. 1815 (SEC Disclosure Effectiveness Testing Act); H.R. 1876 (Senior Security Act of 2019); H.R. 1907 (Retirement Security for American Workers Act); H.R. 1993 (To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to modify the rules relating to multiple employer plans and pooled employer plans and to modify PBGC premiums for CSEC plans); H.R. 1994 (Setting Every Community up for Retirement Enhancement (SECURE) Act of 2019); S. 647 (Wall Street Tax Act of 2019); S. 972 (Retirement Enhancement and Savings Act (RESA) of 2019); S. 1431 (Retirement Security and Savings Act of 2019); S. 1719 (Senior Security Act of 2019); Senior investor protection legislation; Tax incentives for retirement savings; SEC proposed Regulation Best Interest; Senior Investor Report and Hold concept legislation; Electronic delivery of retirement plan documents and disclosures; Reporting and withholding tax upon escheatment of IRA assets.

LobbyistCovered position, as disclosed
JENNIFER BANG —
KENNETH E BENTSEN —
LISA BLEIER —
KYLE L BRANDON —
BRADLEY GASKINS EDGELL —
TRACY EICHLER —
JILLIAN ENOCH —
JOHN MAURELLO —
CARTER MCDOWELL —
AMENA ROSS —
MARK SCHUERMANN —
JAMIE WALL —

Contacted: State, Dept of (DOS); Office of the Comptroller of the Currency (OCC); Federal Reserve System; Natl Credit Union Administration (NCUA); SENATE; Ginnie Mae; Housing & Urban Development, Dept of (HUD); Natl Security Council (NSC); Federal Deposit Insurance Corporation (FDIC); Labor, Dept of (DOL); Federal Housing Finance Agency (FHFA); U.S. Trade Representative (USTR); Treasury, Dept of; Natl Economic Council (NEC); Commerce, Dept of (DOC); Commodity Futures Trading Commission (CFTC); Internal Revenue Service (IRS); Homeland Security, Dept of (DHS); Executive Office of the President (EOP); Securities & Exchange Commission (SEC); HOUSE OF REPRESENTATIVES

Bills named: H.R. 1907 (116th), H.R. 1876 (116th), H.R. 1516 (116th), S. 647 (116th), H.R. 1007 (116th), S. 1431 (116th), H.R. 1993 (116th), H.R. 1439 (116th), S. 1719 (116th), H.R. 1994 (116th), H.R. 1815 (116th), S. 972 (116th)

Taxation/Internal Revenue Code TAX

H.R. 1516 (Wall Street Tax Act of 2019); H.R. 2772 (Investing in Our Communities Act); S. 647 (Wall Street Tax Act of 2019); United States individual and business taxation; Chapters 3 and 4 of Subtitle A of the Internal Revenue Code (responsibilities of financial institutions); Proposals to modify tax incentives for retirement savings and investment; Regulations implementing P.L. 115-97, Dec. 22, 2017, including regulations and guidance relating to IRC Sections 59A, 162(f), 163(j), 451, 199A, 512, 904, 951A, 958, and 1446; Taxation of contract modifications associated with transition from LIBOR to alternative reference rates, including SOFR; Regulations under IRC Sec. 871(m) and IRC Sec. 385; International tax reform; Technical and policy modifications to P.L. 115-97; Tax Incentives to preserve interest deduction related to municipal bonds; Tax Incentives to reinstate advance refunding bonds; Tax Incentives to provide for direct pay municipal bonds; Issues related to taxation of ownership of securities and securities transactions; Technical correction related to the repeal of Section 958(b)(4) in P.L. 115-97 (Tax Cuts and Jobs Act).

LobbyistCovered position, as disclosed
JENNIFER BANG —
KENNETH E BENTSEN —
LISA BLEIER —
BRADLEY GASKINS EDGELL —
TRACY EICHLER —
JILLIAN ENOCH —
LINDSEY WEBER KELJO —
JOHN MAURELLO —
CARTER MCDOWELL —
LESLIE MARION NORWOOD —
AMENA ROSS —
MARK SCHUERMANN —
JUSTIN SOK New U.S. Dept of the Treasury, Sr Advr, Leg Affrs, Apr-Dec 2019; Special Asst, Leg Affrs, Aug 2018-Mar 2019. Leg Dir, Rep. Jason Smith, Jun 2013-Aug 2018; Leg Asst, Rep. Jo Ann Emerson, Aug 2008-Jun 2013; Staff Asst, Rep. Ed Whitfield, Jun 2007-Aug 2008
JAMIE WALL —

Contacted: Housing & Urban Development, Dept of (HUD); Homeland Security, Dept of (DHS); Federal Deposit Insurance Corporation (FDIC); Office of the Comptroller of the Currency (OCC); Ginnie Mae; Natl Credit Union Administration (NCUA); Securities & Exchange Commission (SEC); HOUSE OF REPRESENTATIVES; Commodity Futures Trading Commission (CFTC); Federal Housing Finance Agency (FHFA); Federal Reserve System; Commerce, Dept of (DOC); U.S. Trade Representative (USTR); Natl Economic Council (NEC); Executive Office of the President (EOP); Treasury, Dept of; Internal Revenue Service (IRS); Labor, Dept of (DOL); Natl Security Council (NSC); SENATE; State, Dept of (DOS)

Bills named: H.R. 1516 (116th), H.R. 2772 (116th), S. 647 (116th)

Banking BAN

Equity market structure issues; Single Security/Common Securitization Platform (Federal Housing Finance Agency); Federal Reserve Total Loss Absorbing Capacity (TLAC) proposal; Federal Reserve G-SIB capital surcharge; Dodd-Frank Wall Street Reform and Consumer Protection Act Implementation; Stress testing reform; Foreign Banking Organizations Tailoring Proposal comment letter; Living Will comment letters from the Federal Reserve Board and the Federal Deposit Insurance Corporation; Control Proposal by the Federal Reserve Board; Standardized Approach for Counterparty Credit Risk (SA-CCR) reform proposal; Too Big to Fail comment requests from U.S. and global bodies; Investor Protection Act (not introduced)/Investor Choice Act - Rep. Bill Foster (not introduced); H.R. 1815 SEC Disclosure Effectiveness Testing Act; Housing Finance Reform; LIBOR transition issues; SEC Final Regulation Best Interest; Implementation of Electronic Signature in Global and National Commerce Act; Data Aggregation; Consolidated Audit Trail (CAT) - US House and US Senate; Comprehensive Capital Analysis and Review - US Senate; Legislation related to changes in certain private activity bond treatment; Increase in the bank qualified bond limit, Rep. Sewell Bill; MSRB Bill, Rep. Kennedy Bill; H.R. 2513 - Corporate Transparency Act of 2019; H.R. 2474/S. 1306 - Protecting the Right to Organize Act of 2019; H.R. 1595 and S. 1200 - Secure and Fair Enforcement Banking Act of 2019; SEC Proposed Exemptive Order on Municipal Advisors Acting As Placement Agents; S. 1236, the Municipal Securities Rulemaking Board Reform Act of 2019; H.R. 4762, Fair Investment Opportunities for Professional Experts Act; S. 2724, Small Business Audit Correction Act of 2019; H.R. 2919, Improving Investment Research for Small and Emerging Issuers Act; H.R. 3967, Municipal Bond Market Support Act of 2019; SEC Regulation Best Interest; S. 482 - Defending American Security from Kremlin Aggression Act of 2019 and other Issues related to foreign policy and the blocking of and/or trade restrictions; H.R. 2923, Inclusive Prosperity Act of 2019.

LobbyistCovered position, as disclosed
JENNIFER BANG —
KENNETH E BENTSEN —
KEVIN CARROLL —
BRADLEY GASKINS EDGELL —
LINDSEY WEBER KELJO —
CHRISTOPHER B KILLIAN —
CARTER MCDOWELL —
AMENA ROSS —
MARK SCHUERMANN —
JAMIE WALL —

Contacted: HOUSE OF REPRESENTATIVES; Labor, Dept of (DOL); Commodity Futures Trading Commission (CFTC); Federal Deposit Insurance Corporation (FDIC); Executive Office of the President (EOP); Housing & Urban Development, Dept of (HUD); Office of the Comptroller of the Currency (OCC); SENATE; Federal Reserve System; Natl Economic Council (NEC); Homeland Security, Dept of (DHS); Securities & Exchange Commission (SEC); U.S. Trade Representative (USTR); Natl Credit Union Administration (NCUA); Commerce, Dept of (DOC); Internal Revenue Service (IRS); Treasury, Dept of; Ginnie Mae; Federal Housing Finance Agency (FHFA); Natl Security Council (NSC); State, Dept of (DOS)

Bills named: H.R. 2919 (116th), S. 1236 (116th), H.R. 2923 (116th), H.R. 2513 (116th), S. 1200 (116th), H.R. 2474 (116th), S. 2724 (116th), H.R. 3967 (116th), H.R. 4762 (116th), H.R. 1595 (116th), H.R. 1815 (116th), S. 1306 (116th), S. 482 (116th)

Commodities (big ticket) CDT

Legislative riders in H.R. 3164 (Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2020); Regulation of over-the-counter (OTC) derivatives (standardization of derivatives - all aspects including exchange trading, clearing, and reporting requirements); Core Principles and Other Requirements for Swap Execution Facilities (SEF Final Rule); CFTC Cross-border Guidance and Exemptive Order (13-69); Make available to trade determination for Swap Execution Facilities (SEFs); Position limits; Concept Release on Risk Controls and System Safeguards for Automated Trading Environments; Transaction-Level Requirements in Certain Cross-Border Situations (CFTC letters Nos. 13-17 and 14-01); CFTC Regulation 1.35; Block trades on swap execution facilities (SEFs); CFTC no action relief for packaged trades; Security based swaps rules under Title VII; Derivatives regulation (general); CFTC Letter 14-140 on transaction-level requirements in certain cross-border situations; Inter-affiliate swap transactions; Margin requirements for uncleared swaps; Swap Execution Facilities (SEFs) and clearing for swaps; Global FX Code of Conduct; Decision to delay implementation for margin for non-centrally cleared swaps; CFTC proposed cross border rule; CFTC capital requirements for swap dealers and major swap participants; CFTC final rule on margin requirements for uncleared swaps; SEC proposed rule on margin for uncleared swaps; CFTC's Project Kiss; Initial margin for inter-affiliate transactions; Commodity Exchange Act reauthorization; Standardized Approach for Counterparty Credit Risk (SA-CCR Rule Making); Fundamental Review of the Trading Book (FRTB) actions; SEC Capital, Margin, and Segregation requirements; Securities Exchange Act Rules 17a-1, 17a-3, and 17a-4; CFTC Cross-border Swaps Regulation Version 2.0; Issues related to H.R. 648, Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2019; H.R. 4233, Options Markets Stability Act of 2019.

LobbyistCovered position, as disclosed
JENNIFER BANG —
KENNETH E BENTSEN —
KYLE L BRANDON —
BRADLEY GASKINS EDGELL —
CARTER MCDOWELL —
LESLIE MARION NORWOOD —
AMENA ROSS —
MARK SCHUERMANN —
JAMIE WALL —

Contacted: Executive Office of the President (EOP); HOUSE OF REPRESENTATIVES; Homeland Security, Dept of (DHS); Office of the Comptroller of the Currency (OCC); U.S. Trade Representative (USTR); State, Dept of (DOS); Natl Economic Council (NEC); Labor, Dept of (DOL); Commerce, Dept of (DOC); Treasury, Dept of; Internal Revenue Service (IRS); Natl Credit Union Administration (NCUA); Ginnie Mae; SENATE; Securities & Exchange Commission (SEC); Federal Deposit Insurance Corporation (FDIC); Federal Reserve System; Federal Housing Finance Agency (FHFA); Commodity Futures Trading Commission (CFTC); Natl Security Council (NSC); Housing & Urban Development, Dept of (HUD)

Bills named: H.R. 648 (116th), H.R. 3164 (116th), H.R. 4233 (116th)

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.