1st Quarter - Report

VANGUARD GROUP for VANGUARD GROUP

Firm
Client
Income
—
Expenses
$610,000
Expense method
A: Lobbying Disclosure Act definitions

What was lobbied

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

Financial Institutions/Investments/Securities FIN

Issues related to ETF regulation Issues related to municipal bonds and the structure of the municipal securities market Issues related to equity market structure matters Issues related to fund disclosure and investor experience, including providing for electronic delivery of fund information, and the Improving Disclosure for Investors Act (H.R. 2441, S. 1877) Issues related to corporate governance, including proxy process, and the INDEX Act (S.1670) Issues related to fixed income funds Issues related to index funds and index fund regulation Issues related to access to investment opportunities Issues related to allowing collective investment trusts in 403(b) plans, including the Retirement Fairness for Charities and Educational Institutions Act (H.R. 1013, S. 424) Issues related to systemic risk regulation and non-bank financial intermediation including the FSOC Improvement Act (H.R.3682, S.3578) Issues related to the INVEST Act (H.R.3383)

LobbyistCovered position, as disclosed
BEN BARASKY —
MARLISS MCMANUS —

Contacted: Securities & Exchange Commission (SEC); Treasury, Dept of; SENATE; HOUSE OF REPRESENTATIVES; Natl Economic Council (NEC)

Bills named: S. 1877 (119th), S. 3578 (119th), H.R. 2441 (119th), H.R. 3682 (119th), S. 1670 (119th), S. 424 (119th), H.R. 3383 (119th), H.R. 1013 (119th)

Retirement RET

Issues related to employee benefit plan administration, and investments in IRAs, including default investments and child savings accounts Issues related to allowing collective investment trusts in 403(b) plans, including the Retirement Fairness for Charities and Educational Institutions Act (H.R. 1013, S. 424) Issues related to access to investment opportunities Issues related to considerations for plan fiduciaries Issues related to automatic portability Issues related to corporate governance, including proxy process Issues related to the INVEST Act (H.R.3383)

LobbyistCovered position, as disclosed
BEN BARASKY —
MARLISS MCMANUS —

Contacted: SENATE; HOUSE OF REPRESENTATIVES; Labor, Dept of (DOL)

Bills named: H.R. 1013 (119th), S. 424 (119th), H.R. 3383 (119th)

Taxation/Internal Revenue Code TAX

General tax issues related to mutual funds and ETFs, including the GROWTH Act (H.R. 2089), and the One Big Beautiful Bill Act (H.R. 1) Issues related to municipal bonds and the structure of the municipal securities market Issues related to retirement savings tax incentives and Trump Accounts

LobbyistCovered position, as disclosed
BEN BARASKY —
MARLISS MCMANUS —

Contacted: SENATE; Treasury, Dept of; HOUSE OF REPRESENTATIVES; Natl Economic Council (NEC)

Bills named: H.R. 2089 (119th), H.R. 1 (119th)

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.