MANAGED FUNDS ASSOCIATION

FIN · Financial Institutions/Investments/Securities

H.R. 2246/S. 1053, Foreign Investment Guardrails to Help Thwart (FIGHT) China Act of 2025 H.R. 3682, Financial Stability Oversight Council Improvement Act of 2025 Financial Services and General Government Appropriations Act, 2026 Regulation and oversight of investment advisers. Equity market structure issues including electronic and algorithmic trading. Protection for sensitive and proprietary data. Security-based swaps regulation. Nonbank regulation. AML issues. 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. Increasing initial public offerings (IPOs). Form FP rule. Significant risk transfers. Beneficial ownership. Investment limitations on foreign assets. Outbound investment review process. Short selling. Digital assets and cryptocurrencies. Artificial intelligence. Implementation of the Consolidated Appropriations Act of 2023 (P.L. 117-328). Securities lending. Private credit regulation. Treasury market structure.

Literal federal measure citations: H.R. 2246, S. 1053, H.R. 3682

TAX · Taxation/Internal Revenue Code

H.R. 1, One Big Beautiful Bill Act H.R. 1091/ S. 445, Carried Interest Fairness Act of 2025 H.Con.Res.14, Establishing the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriatebudgetary levels for fiscal years 2026 through 2034. Pass-through entity taxes. International retaliatory taxes. Section 864(b) of the Internal Revenue Code - safe harbor for investment in U.S. securities and other assets by non-U.S. investors. Section 174 of the Internal Revenue Code - Research and experimental expenditures expensing. Extension of the Tax Cuts and Jobs Act (P.L. 115-97). Carried interest.

Literal federal measure citations: H.R. 1, H.R. 1091, S. 445, H.Con.Res.14

AGR · Agriculture

Financial Services and General Government Appropriations Act, 2026 Legislative oversight of implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Protection for sensitive and proprietary data.

RET · Retirement

ERISA plan access to alternatives.