VANGUARD GROUP for VANGUARD GROUP

Financial Institutions/Investments/Securities FIN

Issues arising from Dodd-Frank regulations - including systemic risk regulation of non-bank financial institutions, FSOC process improvements, SIFI designations for non-bank financial institutions, and approaches to reducing systemic risk in the financial system, including H.R.3561 /S.603 the Financial Stability Oversight Council Improvement Act of 2019 Issues related to ETF regulation Issues related to municipal bonds and other securities and the structure of the municipal securities market, including H.R. 2772 the Investing in Our Communities Act Issues related to equity market structure matters Issues related to legislation and regulations affecting mutual funds and the mutual fund industry Issues related to fixed income market liquidity and structure Issues related to Regulation Best Interest Issues related to investor experience Issues related to corporate governance, including ESG and proxy process Issues related to money market funds Issues related to stress testing for asset managers, including H.R. 3987 the Alleviating Stress Test Burdens to Help Investors Act Issues related to index providers Issues related to index funds Issues related to access to investment opportunities Issues related to fiscal stimulus

Contacted: HOUSE OF REPRESENTATIVES; Commodity Futures Trading Commission (CFTC); Labor, Dept of (DOL); Securities & Exchange Commission (SEC); SENATE; Treasury, Dept of

Bills named: H.R. 3987 (116th), H.R. 3561 (116th), S. 603 (116th), H.R. 2772 (116th)

Taxation/Internal Revenue Code TAX

General tax issues related to mutual funds and ETFs Issues related to tax incentives for retirement savings Issues related to limitations on exclusion of municipal bond interest Issues related to 529 college savings plans, including 529 plan tax incentives Issues related to Financial Transaction Tax, including S.647 the Wall Street Tax Act of 2019 and H.R. 1516 the Wall Street Tax Act 2019 Issues related to expansion of the Employee Retention Tax Credit, including H.R.6776 the JOBS Credit Act of 2020 Issues related to fiscal stimulus

Contacted: Commodity Futures Trading Commission (CFTC); SENATE; Treasury, Dept of; HOUSE OF REPRESENTATIVES; Securities & Exchange Commission (SEC); Labor, Dept of (DOL)

Bills named: S. 647 (116th), H.R. 6776 (116th), H.R. 1516 (116th)

Budget/Appropriations BUD

Issues related to funding the federal government

Contacted: Commodity Futures Trading Commission (CFTC); Labor, Dept of (DOL); SENATE; HOUSE OF REPRESENTATIVES; Treasury, Dept of; Securities & Exchange Commission (SEC)

Retirement RET

Issues in support of providing for electronic delivery of ERISA mandated retirement information, including the RETIRE Act and Proposed Rule 1210-AB90 Issues related to tax incentives for retirement savings Issues related to employee benefit plan administration Issues related to limitations on retirement plan contributions or assets Issues related to retirement coverage proposals Issues related to automatic enrollment Issues related to improving and enhancing retirement plans Issues related to S.1431 the Retirement Security and Savings Act of 2019 Issues related to allowing collective investment trusts in 403(b) plans, including H.R. 6257 the Public Service Retirement Fairness Act of 2020 Issues related to retirement planning services Issues related to fiscal stimulus Issues related to ERISAs PPA Exemption Issues related to the Securing a Strong Retirement Act, H.R. 8696 Issues related to the use of performance benchmarks in the case of designated investment alternatives, including H.R. 8660 Issues related to required minimum distributions

Contacted: SENATE; HOUSE OF REPRESENTATIVES; Labor, Dept of (DOL); Securities & Exchange Commission (SEC); Commodity Futures Trading Commission (CFTC); Treasury, Dept of

Bills named: H.R. 8660 (116th), H.R. 8696 (116th), H.R. 6257 (116th), S. 1431 (116th)

Homeland Security HOM

Issues related to cybersecurity and data privacy

Contacted: Treasury, Dept of; Commodity Futures Trading Commission (CFTC); HOUSE OF REPRESENTATIVES; Labor, Dept of (DOL); SENATE; Securities & Exchange Commission (SEC)