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 Financial Services and General Government FY 2027 Appropriations Act, 2026 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. 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 PF rule. Beneficial ownership. Investment limitations on foreign assets. Outbound investment review process. Short selling. Digital assets and cryptocurrencies. Artificial intelligence. Securities lending. 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 Pass-through entity taxes. International retaliatory taxes. 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. Proposed Section 899 of the Internal Revenue Code - related to retaliatory taxes on applicable persons from foreign countries. 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. Carried interest.

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

AGR · Agriculture

H.R. 5166, 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.

Literal federal measure citations: H.R. 5166

RET · Retirement

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