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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 |
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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 | 2017 |
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 |
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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 |
Date | 4/19/2017 11:41:33 AM |
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
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 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. The Forum is very supportive of the U.S.-China Bilateral Investment Treaty. If the two countries are able to reach an agreement for the U.S. to achieve greater market access to China's economy-especially in the financial services sector - it would be a win-win for both countries, businesses and workers, as well as increase prospects for job creation and economic growth.
The Forum supports the continued negotiation U.S.-EU Transatlantic Trade and Investment Partnership (TTIP). If achieved, the agreement would be the most ambitious since the founding of the WTO - encompassing 28 nations, half of the global input, and a third of all trade. The Forum also supports financial services inclusion in TTIP and believes that improving regulatory cooperation between the U.S. and EU must be a priority.
The Forum urges the U.S. Treasury Department to work with its UK and EU counterparts to ensure a smooth and transparent Brexit transition process that minimizes the impact on global markets.
The Forum supports ratification of the Trans-Pacific Partnership (TPP), which, among other things, protects against data localization requirements on financial information. Passage of TPP is vital to ensuring that the U.S. financial services sector remains a vibrant engine for domestic and global growth.
17. House(s) of Congress and Federal agencies Check if None
U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES, White House Office, U.S. Trade Representative (USTR), 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 |
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Dearie |
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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 Regulation Reform and Modernization - The Forum supports policies that ensure the safety and soundness of financial institutions, promote financial system stability, and protect depositors, consumers, and investors.
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 opposes legislation to preemptively dismantle well-capitalized and well-managed financial institutions, or 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 don't 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 supports international coordination on derivatives regulation, and believes U.S. regulators should harmonize policies to avoid confusion.
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.
The Forum generally supports efforts by the Federal Reserve to impose a total loss absorbing capacity (TLAC) requirement on the largest banking firms to make those firms more resilient and to facilitate orderly resolution. The TLAC rule ensures that all losses resulting from a failure of one of the largest financial institutions are borne by private creditors and shareholders, not the taxpayer.
The Forum supports the Federal Reserve utilizing its statutory authority under the Dodd-Frank Act to extend the date for the required sale of banks positions in illiquid funds to 2022. This would conform actual practice with the final rule that governs permitted bank investments in this investment category.
The Forum supports Congress reviewing options to enhance the U.S. Bankruptcy Code in order to facilitate the orderly resolution of a failed financial institution. While there are many possible ways to achieve this goal, the Forum would support enactment of H.R. 2947, The Financial Institution Bankruptcy Act of 2016, and S. 1841, Taxpayer Protection and Responsible Resolution Act.
The Forum opposes the recommendation by the Federal Reserve, FDIC, and OCC that Congress should repeal the provisions of the Gramm-Leach-Bliley Act that permit merchant banking and related authorities. The Forum is of the view that the reasoning offered by the agencies for their recommendation is highly dubious and unpersuasive. Congress and regulators should conduct more robust analysis before moving forward.
The Forum is supportive of a number of aspects of H.R. 5983, The Financial CHOICE Act of 2016, including reducing unnecessary regulatory burden that undermines credit availability and economic growth, creating a credible and predictable bankruptcy regime for large financial institutions, and reassessing aspects of the Volcker Rule and debit card interchange fees. The CHOICE Act's focus on a 10 percent strict leverage ratio, however, risks overlooking the significant system-strengthening progress already made to date, as well as the reality that additional capital is not without costs or consequences.
The Forum supports H.Amdt. 37 (A007) in H.R.238 - Commodity End-User Relief Act, which includes language to clarify exemptions from swap rules, as well as requirements for reporting, risk management, and anti-evasion as it relates to such transactions. H.Amdt. 37 is an important clarification regarding the appropriate regulatory treatment of internal risk management transactions that provides important safeguards without imposing undue costs.
17. House(s) of Congress and Federal agencies Check if None
U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES, White House Office, Federal Reserve System, Securities & Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), Treasury - Dept of, 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 |
John |
Dearie |
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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 competitive, attractive to foreign investment, and that fosters savings and investment. The Forum supports maintaining the existing tax rates on dividends and capital gains.
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.
17. House(s) of Congress and Federal agencies Check if None
U.S. SENATE, White House Office, U.S. HOUSE OF REPRESENTATIVES, 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 |
John |
Dearie |
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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 of 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. SENATE, U.S. HOUSE OF REPRESENTATIVES, 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 |
John |
Dearie |
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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 the 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. SENATE, U.S. HOUSE OF REPRESENTATIVES, White House Office, Treasury - Dept of, Homeland Security - Dept of (DHS), Commodity Futures Trading Commission (CFTC), Federal Reserve System, Office of the Comptroller of the Currency (OCC), Securities & Exchange Commission (SEC)
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 |
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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.
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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
1 | 2 | 3 |
FOREIGN ENTITIES
27. Add the following foreign entities:
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Amount of contribution for lobbying activities | Ownership percentage in client | ||||||||||
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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
1 | 3 | 5 |
2 | 4 | 6 |