2025 second_quarter Filing

DOL fiduciary proposal 403(b) investment parity Secure 2.0 QPAM Child Savings Accounts/ Early Wealth Building/ Trump + MAGA Accounts Access Issues Emergency Savings Accounts Retirement Tax Advantage Private assets in DC plans Social Security Solvency Defined Benefit Plan Solvency Decumulation and Lifetime Income

Repeal of 852b6 Accredited Investor Status for IRA investments Taxation of digital assets Proposed Section 899 BEAT (Base Erosion Adjustment Tax) 162m Stock buybacks Endowments Tax Private Foundations Tax Clean Energy Tax

Infrastructure Data Management Artificial Intelligence

Financial Stability Issues Outbound Investment Investment manager passivity requirements Fed/FDIC/OCC long-term debt proposal Regulation O

Infrastructure Investment Financial Stability Issues Stewardship Investment manager passivity requirements Exchange Traded Products Sustainability Disclosure Rule 15c2-11 Money Market Fund Reform U.S. Treasury Market Structure Proxy Process Secure 2.0 Digital Assets Equity Market Structure Central Counter Party Risk Swap Block Sizes Uncleared Margin Rules SEC Outsourcing Proposal SEC Open-End Fund Liquidity Risk Management and Swing Pricing Proposal SEC Safeguarding/Custody Rule SEC Predictive Data Analytics Outbound Investment General briefings on compliance with applicable federal law Accredited Investor Status for IRA investments SEC Rule 3b-16, Reg ATS/Definition of Exchange SEC Treasury Clearing Rule SEC Dealer Definition Rule Private Credit Regulation FERC blanket authorization AI Basel III/GSIB Capital Rules CFTC 1.25 Proposal Closed-end funds QPAM Fed/FDIC/OCC long-term debt proposal Common ownership ETF share class Stablecoin legislation Crypto regulation Tokenization Access to private investments Private assets in defined contribution (DC) plans Acquired fund fees and expenses (AFFE) SEC Rule 206(4)-5 E-Delivery legislation