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LOBBYING REPORT |
Lobbying Disclosure Act of 1995 (Section 5) - All Filers Are Required to Complete This Page
2. Address
Address1 | 601 THIRTEENTH STREET, NW |
Address2 | SUITE 750 SOUTH |
City | WASHINGTON |
State | DC |
Zip Code | 20005 |
Country | USA |
3. Principal place of business (if different than line 2)
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5. Senate ID# 83535-12
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6. House ID# 364280000
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TYPE OF REPORT | 8. Year | 2014 |
Q1 (1/1 - 3/31) | Q2 (4/1 - 6/30) | Q3 (7/1 - 9/30) | Q4 (10/1 - 12/31) |
9. Check if this filing amends a previously filed version of this report
10. Check if this is a Termination Report | Termination Date | |
11. No Lobbying Issue Activity |
INCOME OR EXPENSES - YOU MUST complete either Line 12 or Line 13 | |||||||||
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12. Lobbying | 13. Organizations | ||||||||
INCOME relating to lobbying activities for this reporting period was: | EXPENSE relating to lobbying activities for this reporting period were: | ||||||||
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Provide a good faith estimate, rounded to the nearest $10,000, of all lobbying related income for the client (including all payments to the registrant by any other entity for lobbying activities on behalf of the client). | 14. REPORTING Check box to indicate expense accounting method. See instructions for description of options. | ||||||||
Method A.
Reporting amounts using LDA definitions only
Method B. Reporting amounts under section 6033(b)(8) of the Internal Revenue Code Method C. Reporting amounts under section 162(e) of the Internal Revenue Code |
Signature | Digitally Signed By: Trish Horowitz, Executive Management |
Date | 07/17/2014 |
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code TRD
16. Specific lobbying issues
China - The Forum supports economic engagement with China to promote the liberalization of China's financial markets.
Economic Engagement, Trade and Exports - The Forum supports promoting economic growth through international engagement, trade and exports.
The Forum supports China's continued liberalization of its currency policy and accelerated movement toward a market-determined value of the yuan.
The Forum also urges faster and more comprehensive reform and modernization of China's financial system. A more modern and effective financial system is critically important to achieving China's goal of a more consumption-based Chinese economy -- which is very much in the interest of the United States. According to the Commerce Department, every additional $1 billion in exports creates approximately 5,000 new American jobs. The Forum is very supportive of a U.S.-China Bilateral Investment Treaty that was announced at the latest round of the U.S.-China Strategic and Economic Dialogue. If the two countries are able to reach an agreement for the U.S. to gain market access to Chinas economyespecially in the financial services sectorit would be a win-win for both countries, businesses and workers, as well as increase prospects for job creation and economic growth.
The Forum is very supportive of the U.S.-EU Transatlantic Trade and Investment Partnership (TTIP), announced by President Obama during the 2013 State of the Union address. If achieved, the agreement would be the most ambitious since the founding of the WTO--encompassing 28 nations, half of global input, and a third of all trade. The Forum supports financial services inclusion in TTIP.
The Forum supports H.R. 2052 and S.1023: the Global Investment in American Jobs Act of 2013, which is aimed at improving Americas ability to attract job-creating foreign direct investment (FDI) from businesses around the world.
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE, White House Office, U.S. Trade Representative (USTR), Treasury - Dept of, Commerce - Dept of (DOC), Labor - Dept of (DOL)
18. Name of each individual who acted as a lobbyist in this issue area
First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Nathaniel |
Hoopes |
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John |
Dearie |
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Robert |
Nichols |
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19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code FIN
16. Specific lobbying issues
Financial Regulatory Reform and Modernization - The Forum supports reform and modernization of the financial regulatory system to ensure the safety and soundness of financial institutions, promote financial systemic stability, and protect the varied interests of depositors, consumers, and investors.
The "Wall Street Reform and Consumer Protection Act" - The Forum supports financial regulatory reform that: 1) establishes resolution authority to end "too-big-to-fail"; 2) enhances consumer protections; 3) regulates over-the-counter derivatives; and, 4) provides for "systemic supervision" of the U.S. financial system.
The Forum opposes legislation to preemptively dismantle or limit the activities of well-capitalized and well-managed financial institutions, haircuts on secured creditors to financial institutions in the course of a resolution, and punitive taxes or levies on financial institutions.
The U.S. economy, the world's largest and most diverse, needs financial institutions of all sizes and business models. Smaller institutions effectively serve the needs of certain aspects of our economy, while larger institutions serve the needs of other aspects. The unique value of large institutions includes the sheer size of credits they can deliver, the array of products and services they offer, and their geographic reach capacities that smaller institutions simply dont share. Such size and scope-related capabilities are particularly important to globally active corporations and contribute directly to economic growth and job creation. Large banks, active in many countries across the world, also help integrate global stock, bond, and foreign exchange markets, making those markets more modern, liquid, and efficient. And large, globally active banks expand the supply of credit and other financial services to emerging market economies, making important contributions to the expansion of trade flows and opening foreign markets to U.S. goods and services.
Derivatives are important tools that enable companies to minimize and manage their exposure to a wide range of risks, thereby freeing up vital capital for other uses. The Forum maintains that financial derivatives should be subject to prudential supervision and supports the establishment of a systemic risk supervisor to monitor, assess and address systemic risk, in continuous interaction with functional regulators to address any threats to the financial system, including in the derivatives markets. The Forum supports international coordination on derivatives regulations, and believes U.S. regulators should harmonize their views internally, and avoid confusion.
The Forum is actively engaged with the various financial regulators to ensure the effective implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
The Forum is concerned with the proposed rules, specifically, among other areas, the extraordinary overstatement of exposures in the single-counterparty credit limits.
Capital Requirements -- The Forum supports regulatory capital requirements that ensure safety, soundness, and systemic stability while not undermining lending that stimulates economic growth and job creation. The Forum is actively engaged with financial regulators to ensure the effective implementation of the Basel III capital and liquidity framework.
Capital Market Competitiveness -- The Forum supports the free flow of capital and open and competitive U.S. markets. The Forum also supports maintaining the United States as an attractive place for investment and a continued leader in the global economy.
GAO Study -- S. 3709, To require a Government Accountability Office examination of transactions between large financial institutions and the Federal Government, and for other purposes. The Forum is also of the view that any cost of funding advantage enjoyed by large diversified banking companies is not associated with an expectation on the part of market participants regarding future bailouts, but rather is due to the market-recognized benefits of institutional size, diversification of activities and income streams, and the stability and predictability of large institution earnings.
Value of large financial institutions -- The Forum opposes S.798, "Terminating Bailouts for Taypayer Fairness Act of 2013 or TBTF Act" and S.685, "Too Big to Fail, Too Big to Exist Act," S.1282 "The 21st Century Glass-Steagall Act of 2013," and other legislative efforts to forcibly break up large diversified banking companies. The Forum is strongly of the view that an economy of the scale and complexity of the U.S. economy needs financial institutions of all kinds to meet a wide variety of financial needs. Each charter type, business model, and institution size helps to best serve the unique financial needs of particular businesses, households, consumers, savers, and investors. Community and regional banks provide essential support to a wide range of businesses and households within their communities. Similarly, large diversified institutions provide value particularly important to large, globally active U.S. corporations, and to the further development of foreign markets for U.S. goods and services both of which contribute directly and importantly to economic growth and job creation here at home.
The Forum believes that the "21st Century Glass-Steagall Act" would make the financial system more risky for the taxpayer by reintroducing the standalone broker-dealer model that proved unstable and by making the mergers of large firms impossible in a future crisis.
Liquidity Coverage Ratio -- Consistent with its promotion of policies that promote infrastructure investment and economic growth, the Forum is concerned that the current liquidity coverage ratio (LCR) that has been jointly proposed by the OCC, FED and the FDIC, will increase costs and decrease liquidity for municipal bond issuers, driving up the cost of needed investments in public schools, roads, and other critical infrastructure.
Complementary Activities, Merchant Banking Activities, and Other Activities of Financial Holding Companies Related to Physical Commodities, Docket No. R-1479; RIN 7100 AE-10 - The Forum believes that allowing financial holding companies to continue to conduct physical commodities activities, all while applying the right safeguards, is an important aspect of ensuring the global competitiveness and openness of our American markets.
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE, White House Office, Federal Reserve System, Securities & Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Treasury - Dept of, Commerce - Dept of (DOC), Federal Deposit Insurance Commission (FDIC), Office of the Comptroller of the Currency (OCC)
18. Name of each individual who acted as a lobbyist in this issue area
First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Nathaniel |
Hoopes |
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John |
Dearie |
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Robert |
Nichols |
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19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code TAX
16. Specific lobbying issues
Tax Policy - The Forum supports tax policy that keeps the U.S. economy open to create jobs, and attract foreign investment.
The Forum believes that imposing taxes and fees on the financial sector will restrict the availability of credit, increase the tax burden on investors and impede the ability of the financial sector to create jobs.
The Forum supports strengthening the economy through policies that foster private savings and capital investment. The Forum supports maintaining the existing tax rates on dividends and capital gains.
In keeping with our support for pro-growth tax reform, we strongly oppose the new lending tax on financial institutions that is included in the "Tax Reform Act of 2014" discussion draft.
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE, White House Office, Treasury - Dept of
18. Name of each individual who acted as a lobbyist in this issue area
First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Nathaniel |
Hoopes |
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John |
Dearie |
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Robert |
Nichols |
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19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code GOV
16. Specific lobbying issues
The Forum is strongly of the view that Congress should work together to ensure the U.S. is able to meet all its financial obligations on time to ensure global confidence in our markets, currency, and political process. The Forum supports tackling comprehensive tax reform and the development of a long-term plan to address America's national debt, particularly entitlement spending.
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE, White House Office, Treasury - Dept of
18. Name of each individual who acted as a lobbyist in this issue area
First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Nathaniel |
Hoopes |
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John |
Dearie |
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Robert |
Nichols |
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19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code SMB
16. Specific lobbying issues
The Forum supports policies that enhance the circumstances for new business formation and survival by reducing regulatory burden and supporting policies that provide access to capital and credit for new and small businesses.
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE, White House Office, Treasury - Dept of
18. Name of each individual who acted as a lobbyist in this issue area
First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Nathaniel |
Hoopes |
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John |
Dearie |
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Robert |
Nichols |
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19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code IMM
16. Specific lobbying issues
The Forum supports comprehensive immigration reform that would allow talented individuals from across the world the chance to work in our country and contribute to our continued economic recovery. Attracting and retaining highly-skilled immigrants, particularly in the science, technology, engineering and math (STEM) fields, is critical for economic success in the 21st century. Additionally, such reform will help ensure that the U.S. remains a leader in the global marketplace.
The Forum supports the Senate's immigration reform legislation, S.744, the "Border Security, Economic Opportunity and Immigration Modernization Act of 2013."
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE, White House Office
18. Name of each individual who acted as a lobbyist in this issue area
First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Nathaniel |
Hoopes |
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John |
Dearie |
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Robert |
Nichols |
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19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code HOM
16. Specific lobbying issues
Cyber security: Cyber-crime and cyber-terrorism are mounting threats to U.S. business interests in the digital age. The Forum is of the view that the ability of businesses to actively cooperate by sharing information regarding the nature, origin, and severity of incoming threats is critical to defending commercial interests and the security of customer information. Businesses and corporations must have the information and technical tools necessary to collaborate with the public sector to address cyber risks.
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE, Homeland Security - Dept of (DHS), White House Office, Treasury - Dept of, Federal Trade Commission (FTC), Justice - Dept of (DOJ)
18. Name of each individual who acted as a lobbyist in this issue area
First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Nathaniel |
Hoopes |
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John |
Dearie |
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Robert |
Nichols |
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19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
Information Update Page - Complete ONLY where registration information has changed.
20. Client new address
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22. New General description of client’s business or activities
LOBBYIST UPDATE
23. Name of each previously reported individual who is no longer expected to act as a lobbyist for the client
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ISSUE UPDATE
24. General lobbying issue that no longer pertains
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AFFILIATED ORGANIZATIONS
25. Add the following affiliated organization(s)
Internet Address:
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26. Name of each previously reported organization that is no longer affiliated with the registrant or client
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FOREIGN ENTITIES
27. Add the following foreign entities:
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28. Name of each previously reported foreign entity that no longer owns, or controls, or is affiliated with the registrant, client or affiliated organization
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