MANAGED FUNDS ASSOCIATION for MANAGED FUNDS ASSOCIATION

Financial Institutions/Investments/Securities FIN

Legislative oversight of implementation of Titles I, II, IV, VII, and IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Legislative oversight of implementation of the Jumpstart Our Business Startups Act of 2012. Regulation and oversight of investment advisers. Financial services regulatory reform in non-U.S. jurisdictions. Equity market structure issues including electronic trading and algorithmic trading. Capital formation legislation. Hart-Scott-Rodino modernization. Protection for sensitive and proprietary data. H.R. 7564 - To amend the Investment Advisers Act of 1940 to require the Securities and Exchange Commission to adopt data protection policies for information the Commission receives from investment advisers, and for other purposes. Legislation and Regulation Concerning Short Sale Disclosure and Bans H.R. 2534 - to amend the Securities Exchange Act of 1934 to prohibit certain securities trading and related communications by those who possess material, nonpublic information. Securities and Exchange Commission Investment Adviser Advertising Rule. Keeping the U.S. Capital Markets Open Impacts of Pandemic on Credit Markets

Contacted: SENATE; Federal Reserve System; HOUSE OF REPRESENTATIVES; Treasury, Dept of

Bills named: H.R. 7564 (116th), H.R. 2534 (116th)

Agriculture AGR

Legislative oversight of implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Commodities and derivatives regulatory reform in non-U.S. jurisdictions. Commodities and derivatives regulatory reform issues, including: -Protection of customer collateral; -Oversight of commodity pool operators; -Protections for sensitive and proprietary data; -Position limits; -International coordination; -CFTC/SEC coordination of CTA, CPO oversight and data collection. Post-trade name give up. Legislation to amend the Commodity Exchange Act to require the CFTC to adopt data protection policies for information the agency receives from registrants.

Contacted: Treasury, Dept of; SENATE; Federal Reserve System; HOUSE OF REPRESENTATIVES

Taxation/Internal Revenue Code TAX

Legislative oversight of implementation of The Tax Cuts and Jobs Act. Carried Interest/Enterprise Value S.1639 - Ending the Carried Interest Loophole Act H.R. 1735 - Carried Interest Fairness Act of 2019 International tax reform. Taxation of pass-through entities. Taxation of financial products. Limitations on deductions including interest expense. 864(b) of the Internal Revenue Code - safe harbor for investment in U.S. securities and other assets by non-U.S. investors. Unrelated Business Income Tax (UBIT) Section 451(b) of the Internal Revenue Code. Legislative oversight of implementation of rules under 871(m) of the Internal Revenue Code. Financial Transaction Tax S. 2589 - to amend the Internal Revenue Code of 1986 to restore the limitation on downward attribution of stock ownership in applying the constructive ownership rules to controlled foreign corporations. H.R. 748 - Coronavirus Aid, Relief, and Economic Security Act or the CARES Act to respond to the COVID-19 (i.e., coronavirus disease 2019) outbreak and its impact on the economy, public health, state and local governments, individuals, and businesses. (Tax Titles) H.R. 6201 - Families First Coronavirus Response Act to respond to the COVID-19 (i.e., coronavirus disease 2019) outbreak by providing paid sick leave, tax credits, and free COVID-19 testing; expanding food assistance and unemployment benefits; and increasing Medicaid funding. (Tax Titles)

Contacted: HOUSE OF REPRESENTATIVES; SENATE; Treasury, Dept of; Federal Reserve System

Bills named: H.R. 1735 (116th), S. 2589 (116th), H.R. 6201 (116th), H.R. 748 (116th), S. 1639 (116th)