MANAGED FUNDS ASSOCIATION

FIN · Financial Institutions/Investments/Securities

H.R. 3383, Incentivizing New Ventures and Economic Strength Through Capital Formation Act of 2025 H.R. 3633, Digital Asset Market Clarity Act of 2025 H.R. 3682/S. 3578, Financial Stability Oversight Council Improvement Act of 2025 H.R. 3838, Streamlining Procurement for Effective Execution and Delivery and National Defense Authorization Act for Fiscal Year 2026 H.R. 5748, Retirement Investment Choice Act H.R. 6161, SEC Data Protection Act S. 2296, National Defense Authorization Act for Fiscal Year 2026 Regulation and oversight of investment advisers. Equity market structure issues including electronic and algorithmic trading. Protection for sensitive and proprietary data. Nonbank regulation. AML issues / beneficial ownership. Financial Stability Oversight Council (FSOC) interpretive guidance regarding authority to require supervision and regulation of certain nonbank financial companies. Retail access to alternatives. Accredited investor definition. Capital formation. Investment limitations on foreign assets. Outbound investment review process. Short selling. Digital assets and cryptocurrencies. Artificial intelligence. Private credit regulation. Treasury market structure.

Literal federal measure citations: H.R. 3383, H.R. 3633, H.R. 3682, S. 3578, H.R. 3838, H.R. 5748, H.R. 6161, S. 2296

TAX · Taxation/Internal Revenue Code

H.R. 1091/ S. 445, Carried Interest Fairness Act of 2025 Section 864(b) of the Internal Revenue Code - safe harbor for investment in U.S. securities and other assets by non-U.S. investors. Carried interest. Section 892 of the Internal Revenue Code - related to how foreign governments and international organizations are exempt from U.S. federal income tax on investments in U.S. stocks, bonds, and financial instruments.

Literal federal measure citations: H.R. 1091, S. 445

AGR · Agriculture

H.R. 5166, Financial Services and General Government Appropriations Act, 2026 H.R. 8115, CFTC Proprietary Information Act of 2026 Protection for sensitive and proprietary data.

Literal federal measure citations: H.R. 5166, H.R. 8115

RET · Retirement

ERISA plan access to alternatives. Department of Labor's proposed rule on Fiduciary Duties in Selecting Designated Investment Alternatives.