Patton Boggs has substantial experience in many of the regulatory, tax and public policy issues facing financial services firms such as commercial and investment banks; insurance companies; broker-dealers and other capital markets participants, including investment funds such as hedge funds and private equity funds. We likewise have extensive background in matters relating to the regulation and taxation of financial products, including over-the-counter derivatives such as interest rate swaps, credit derivatives and equity derivatives and a broad range of insurance products.

Within the public policy arena, we have assisted clients in connection with landmark financial legislation, including the Emergency Economic Stabilization Act, the Troubled Asset Relief Program and the American Recovery and Reinvestment Act of 2009 and we continue to help businesses understand the rapidly-changing regulatory landscape and how it affects them. We also have experience helping clients with the Gramm-Leach-Bliley Act of 1999, the Commodity Futures Modernization Act of 2000 and the Sarbanes-Oxley Act of 2002. Our knowledge and experience working both with and within various government agencies, as well as with other branches of government, enables us to seek an array of policy solutions, particularly when the client requires more than conventional resolution strategies.

Patton Boggs lawyers have also represented clients in connection with key initiatives by regulatory agencies. We have, for example, represented clients in connection with proposals adopted by the Securities and Exchange Commission to restructure the National Market System through which much of the nation’s equity stocks are sold on various exchanges, as well as in connection with proposals to expand the class of investment advisers required to register with the Commission. We have also worked extensively with the Commodity Futures Trading Commission and with the other agencies represented on the President’s Working Group on Financial Markets.

Financial products and investment funds increasingly face a broad range of tax legislative and regulatory issues and Patton Boggs attorneys have active practices in these areas. Patton Boggs has assisted clients in connection with virtually every major tax bill since 1984. We have also assisted clients in regulatory and policy issues before the Department of the Treasury and the Internal Revenue Service in matters such as the taxation of derivatives transactions, including cross-border transactions; the development of regulations to implement legislation with respect to the taxation of hedging transactions; and the taxation of both U.S. and foreign investment funds and their managers.