VANGUARD GROUP for VANGUARD GROUP

Budget/Appropriations BUD

Issues related to funding the federal government, including the debt ceiling

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

Financial Institutions/Investments/Securities FIN

Issues related to systemic risk regulation and non-bank financial intermediation including the FSOC Improvement Act (H.R. 3899) Issues related to ETF regulation Issues related to municipal bonds and other securities and the structure of the municipal securities market, including the Investing in Our Communities Act (H.R. 2288) Issues related to equity market structure matters Issues related to fixed income market liquidity and structure Issues related to fund disclosure and investor experience Issues related to corporate governance, including ESG and proxy process Issues related to fixed income funds, including money market funds Issues related to index providers Issues related to index funds Issues related to access to investment opportunities Issues related to fiscal stimulus Issues related to Hart-Scott-Rodino reporting requirements Issues related to diversity in the financial services industry, including the Diverse Investment Advisor Act Issues related to the LIBOR transition Issues related to licensing and supervision for remote work

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

Bills named: H.R. 2288 (117th), H.R. 3899 (117th)

Taxation/Internal Revenue Code TAX

General tax issues related to mutual funds and ETFs, including in-kind redemptions Issues related to tax incentives for retirement savings Issues related to long-term investing, including capital gains Issues related to taxation of municipal bonds Issues related to financial transaction tax Issues related to the Retirement Security and Savings Act (S. 1770) Issues related to allowing collective investment trusts in 403(b) plans, including the Public Service Retirement Fairness Act (H.R. 2741) Issues related to the Securing a Strong Retirement Act (H.R. 2954) Issues related to the Build Back Better Act (H.R. 5376)

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

Bills named: H.R. 5376 (117th), H.R. 2741 (117th), H.R. 2954 (117th), S. 1770 (117th)

Retirement RET

Issues in support of providing for electronic delivery of ERISA mandated retirement information Issues related to tax incentives for retirement savings, including the further use of Roth options Issues related to employee benefit plan administration including automatic enrollment, required minimum distributions, missing participants, portability, emergency savings, and coverage proposals Issues related to limitations on retirement plan contributions or assets Issues related to the Retirement Security and Savings Act (S. 1770) Issues related to allowing collective investment trusts in 403(b) plans, including the Public Service Retirement Fairness Act (H.R. 2741) Issues related to the Securing a Strong Retirement Act (H.R. 2954) Issues related to performance benchmarks in the case of designated investment alternatives Issues related to access to investment opportunities and the provision of advice in retirement plans

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

Bills named: H.R. 2741 (117th), S. 1770 (117th), H.R. 2954 (117th)