Financial Services - Brownstein Hyatt Farber Schreck

The reach of the Senate Banking and the House Financial Services committees extends to almost every aspect of business today. Leading companies turn to Brownstein’s Financial Services Group, a Capitol Hill-savvy team of attorneys and policy advisors, to represent their interests before these two bodies.

Our group has experience managing all types of financial issues in Congress for diverse businesses around the globe, whether it’s matters related to private equity, hedge funds, broader commercial banking interests, insurance, CFIUS filings, transactional transparency, regulation, wire remittance, gaming or even the technologies used by the industry to safe guard its systems.

In addition to representing financial services clients before Congress, we have lobbied the Executive Branch and relevant financial services regulatory agencies. We also have helped clients establish related trade associations and assisted them with developing materials for media campaigns. We collaborate with the firm’s corporate attorneys to provide counsel and advice on mergers and  acquisitions and other business combinations, institutional investment, securitization and other lending transactions, as well as general government enforcement matters. Members of both our Financial Services and Litigation groups also assist clients that are subject to Congressional investigation.

Our work also involves helping financial services companies execute regulatory and legislative strategies in both Washington, DC, and at the state and local levels—including representing leaders such as the Apollo Management, Western Union and Genworth Financial.

Representative Matters
  • On behalf of a national trade association, successfully worked with the House Republican Conference—including members of leadership and the Financial Services Committee—to pass a long-term reauthorization of the Terrorism Risk Insurance Act.

  • On behalf of a national trade association, successfully spearheaded effort amongst nearly 50 congressional offices to include language regarding international insurance capital standards in the report accompanying the Financial Services and General Government Appropriations Act, 2015.

  • Lobbied Congress and the White House to defeat a proposed rule from the Department of Labor, which would impose significant changes to our client's business model. We built significant policymaker opposition and the White House removed the rule from consideration.

  • Successfully lobbied the Securities and Exchange Commission to carve out and improve money market rules proposed by the Chair of the SEC, and supported by the Administration.

  • Successfully lobbied the NY Governors Office and state legislature to defeat a proposed budget measure that called for the revocation of a foreign tax credit treaty exemption. The measure would have raised billions by imposing a double tax on global companies paying taxation abroad with countries under an existing treaty.

  • Served as underwriter's counsel in the issuance of Albuquerque Municipal School District No. 12, Bernalillo and Sandoval Counties, New Mexico, general obligation bonds in the amount of $8,940,000.

  • Represented the New Mexico Department of Transportation in connection with the issuance by the New Mexico Finance Authority of approximately $550 million in state transportation revenue and refunding revenue bonds, and associated letters of credit.

  • Brownstein successfully lobbied the State Department and White House Jobs Council to fix its visa processing backlog that was costing the government a significant loss of tourism income. Unable to secure tourist visas in a reasonable timeframe, many international travelers were forced to cancel vacations to the U.S. Brownstein approached and convinced the Administration that these small proposals would provide a big boost to the national economy. The State Department soon adopted and implemented an expedited processing service.

  • Helped garner an exception for "Qualified Mortgages" (i.e., 30 year fixed with 20% down payment, or those with mortgage insurance) from the risk retention provision of the Dodd-Frank bill.

  • Secured an exclusion from the newly created Durbin interchange provision for general use prepaid cards in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Bill.

  • Lobbied Congress to include and reauthorize a "pro-investment provision" that allows businesses to deduct 100% of their equipment expenses to help stimulate the economy and job growth in 2008 and 2010.

  • Brownstein, along with a coalition of businesses, successfully convinced Congress to pass legislation granting a five-year carryback for net operating losses. This provision helped Fortune 50 companies to redirect billions of dollars for investment and job creation.

  • Brownstein worked closely with industry leaders, House Committee on Ways and Means members, Senate Finance Committee members and the Joint Committee on Taxation to solve existing barriers to foreign capital by successfully passing an amendment to the Foreign Investment in Real Property Tax Act (FIRPTA).

  • Helped pass cancellation of indebtedness income legislation in the 2010 stimulus bill.

  • From 2004 to 2006 and starting again in July 2008, served as disclosure counsel to the New Mexico State Board of Finance in multiple bond issuances, including the issuance of general obligation bonds, severance tax bonds and supplemental severance tax bonds, representing more than $1.4 billion.

  • From July 2006 through June 2008, served as bond counsel to the New Mexico State Board of Finance in multiple bond issuances, including the issuance of general obligation bonds, severance tax bonds, supplemental severance tax bonds and severance tax notes representing more than $1.3 billion.

  • Served as underwriter's counsel in connection with the City of Santa Fe, New Mexico's offering of Water Utility System / Capital Outlay Gross Receipts Tax Revenue Bonds -- $18,080,000, Series 2009A (Tax Exempt), $41,890,000 and Series 2009B (Taxable Direct-Payment Build America Bonds).

  • Served as underwriter's counsel in connection with the City and County of Denver for and on behalf of its Department of Aviation for Airport System Revenue Bonds Series 2009A - $170,190,000 and Taxable Airport System Revenue Bonds Series 2009B - $65,290,000 (Build America Bonds - Direct Payment).

  • Served as tax counsel in connection with the $9,000,000 Tallyn's Reach Metropolitan District No. 3 (the City of Aurora, Colorado) Tax-Exempt Loan Facility.

  • Represented New Mexico State Investment Council and funds-of-funds created for public pension funds in Connecticut, New York, Texas and Oklahoma in more than $1 billion in investments in private equity, venture capital and mezzanine funds.

  • From April 2004 through March 2007, served as disclosure counsel to the New Mexico Finance Authority in multiple municipal bond issuances representing more than $2 billion, including the issuance of senior lien public project revolving fund revenue bonds, subordinate lien public project revolving fund revenue bonds and more than $1.5 billion in transportation bonds.

  • Since March 2007, served as bond counsel to New Mexico Finance Authority in multiple municipal bond issuances, including the issuance of senior lien public project revolving fund revenue bonds and subordinate lien public project revolving fund revenue bonds, representing approximately $734 million.

  • Served as bond counsel in connection with the issuance of $38,490,000 Santa Margarita/Dana Point Authority Bonds, Series 2009 for California's Santa Margarita Water District Improvement Districts Nos. 2, 3 and 4 General Obligation Bonds.

  • Served as underwriter's counsel in connection with the issuance of $200,000,000 Airport System Revenue Bonds, Series 2008C2-C3, by the City and County of Denver, for and on behalf of its Department of Aviation.

  • Acted as bond counsel for first-of-its-kind $60 million lease appropriation financing for Grant County, New Mexico's Ft. Bayard Project with the State of New Mexico Department of Health.

  • Served as tax counsel in connection with securing a $16,000,000 tax-exempt loan facility for Vail Square Metropolitan District No. 1 in the Town of Vail, Colorado.

  • Represented the New Mexico State Board of Finance as bond counsel in the issuance of $127 million State of New Mexico Severance Tax Notes, Series 2008S-B.

  • Served as bond counsel to the New Mexico State Board of Finance in the issuance of $149 million Severance Tax Bonds, Series 2008A-1 and $20 million Supplemental Severance Tax Bonds, Refunding Series 2008A-2.

  • Served as bond counsel in connection with the issuance of $30,485,000 Limited Tax General Obligation Bonds, Series 2008, by Marin Metropolitan District in Greenwood Village, Colorado.

  • Represented Heritage Todd Creek Metropolitan District as bond counsel in its issuance of $17.4 million in General Obligation Subordinate Bonds - Series B, for general public infrastructure improvements.

  • Represented San Juan County, New Mexico as bond counsel in the issuance of $17.4 million in Subordinate Gross Receipts Tax Revenue Bonds, Series 2008.

  • Served as bond counsel in connection with the issuance of $1,121,768 Subordinate Non-Ad Valorem Tax Revenue Bonds, Series 2008C, and $251,669 Taxable Subordinate Non-Ad Valorem Tax Revenue Bonds, Series 2008D, by Vista Ridge Metropolitan District in Weld County, Colorado.

  • Represented the Town of Lochbuie, Colorado as bond counsel in its issuance of $1.58 million in Colorado Water Activity Enterprise Water Revenue Refunding and Improvement Series 2007 Bonds.

  • Served as bond counsel in connection with $2.1 million in Variable Rate Demand General Obligation Bonds for the City of Colorado Springs. (Heating and Plumbing Engineers, Inc. Project) Series 2007

  • Represented Mile High Business Center Metropolitan District as bond counsel in its issuance of $5 million in General Obligation Bonds -- Series 2007, for public infrastructure improvements.

  • Served as bond counsel for the $7 million Adams County, Colorado Revenue Bonds for the acquisition, rehabilitation and equipping of a manufacturing facility for TruStile Doors, LLC, Series 2007.

  • Served as bond counsel in connection with the issuance of $5 million Routt County, Colorado Revenue Bonds for the Steamboat Springs Health & Recreation Project, Series 2007.

  • Acted as bond counsel in connection with the issuance by the Colorado Housing and Finance Authority of its $2.6 million of Adjustable Rate Economic Development Revenue Bonds for the benefit of Certex Company, Series 2007.

  • Served as bond counsel in connection with the issuance of $19.6 million of General Airport Revenue Bonds Series 2007 by the Walker Field Public Airport Authority in Grand Junction, Colorado.

  • Represented Key Bank in connection with its Letter of Credit for the $8 million Colorado Educational and Cultural Facilities Authority Adjustable Rate Demand Revenue Bonds Series 2007 (Rehoboth Christian School Association Project).

  • Served as bond counsel in connection with the issuance of $2.5 million Adjustable Rate Economic Development Revenue Bonds by the Colorado Housing and Finance Authority for the Tanco Engineering Project, Series 2007.

  • Represented Waterfront Metropolitan District as bond counsel in connection with its issuance of $5.5 million Limited Tax General Obligation Refunding and Improvement Bonds -- Series 2007, for general public infrastructure improvements.

  • Represented Vintage Reserve Metropolitan District as bond counsel in connection with its issuance of $6 million in Limited Tax (convertible to Unlimited Tax) General Obligation Refunding and Improvement Bonds.

  • Advised a major California city on reorganization of its water, wastewater and solid waste utilities, including evaluation of dependent and independent special district, privatization and public-private partnership options and financing. Legal services were provided in conjunction with financial consultants to advise the city on developing an option to meet its short and long term financial goals and commitments.

  • Helping not-for-profits including a university, a national respiratory hospital, a museum of tolerance, and Melanoma and Prostate Cancer researchers to obtain federal funding support.

News & Events

Meet The Team

Norman Brownstein Shareholder T 303.223.1101 nbrownstein@bhfs.com
Alexander R. Dahl Shareholder T 202.747.0508 adahl@bhfs.com
Alfred E. Mottur Shareholder T 202.872.5284 amottur@bhfs.com
Marc S. Lampkin Shareholder T 202.652.2341 mlampkin@bhfs.com
William E. Moschella Shareholder T 202.652.2346 wmoschella@bhfs.com
Milan V. Dalal Of Counsel T 202.383.4709 mdalal@bhfs.com
Barry Jackson Strategic Advisor T 202.652.2342 bjackson@bhfs.com
Carmencita N. M. Whonder Policy Director T 202.652.2343 cwhonder@bhfs.com
Judy A. Black Policy Director T 202.872.5285 jblack@bhfs.com
John Sonsalla Policy Advisor T 202.652.2357 jsonsalla@bhfs.com
Michael B. Levy Policy Director T 202.872.5281 mlevy@bhfs.com
Zachary S. Pfister Senior Policy Advisor T 202.652.2345 zpfister@bhfs.com