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

Financial Institutions/Investments/Securities FIN

H.R. 609 (Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2019); H.R. 1876 (Senior Security Act of 2019); 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 and cybersecurity issues (general); CFTC cross-border guidance exemptive order; CFTC exemptive order on extraterritorial scope of Title VII; Jumpstart our Business Startups (JOBS) Act implementation; 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; North American Free Trade Act (NAFTA); Municipal information disclosure regulation; US and China 100-day trade talks; Data Breach Notification Federal Standard; ETF Regulation; Issues related to H.R.264, the Fiscal Year 2019 Financial Services and General Government Appropriations Act; 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).

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

Bills named: H.R. 264 (116th), S. 536 (116th), S. 452 (116th), S. 2499 (116th), H.R. 1876 (116th), H.R. 609 (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; Structure of the U.S. Treasury.

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

Commodities (big ticket) CDT

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.

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

Bills named: H.R. 648 (116th)

Taxation/Internal Revenue Code TAX

H.R. 1516 (Wall Street Tax Act of 2019); S. 647 (Wall Street Tax Act of 2019); Tax treatment of capital gains and dividends; United States individual and business taxation; Tax reform legislation; Issues related to taxation of securities transactions, including market to market for derivatives; 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; Infrastructure tax; Regulations under the Foreign Account Taxpayer Compliance Act (FATCA); 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; Legislation to modify IRC Sec 1446(f) relating to withholding on partnership interests that are not publicly traded; 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 relating to IRS Rev. Proc. 2018-54: Deemed issuers, diversification requirements for variable contracts.

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

Bills named: H.R. 1516 (116th), S. 647 (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. 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); 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; Retirement Security and Savings Act (not yet introduced); Reporting and withholding tax upon escheatment of IRA assets.

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

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