FEI Releases Congressional Scorecard for 112th Congress
Financial Executives International (FEI)  announced on September 10, 2012, the release of its first-ever "Congressional Scorecard," which rates lawmakers' records on their votes for or against FEI's priority legislative issues.
- Identifying key votes from the 112th Congress based on FEI's advocacy committees and overall membership priorities, and
- Calculating the percentage of times lawmakers cast votes in support of FEI's positions out of the total key votes taken.
- Repeal of the new 1099 reporting mandate from the 2010 health care overhaul bill.
- Repeal of the three percent withholding requirement on government contracts that was set to go into effect in 2013.
- Stabilization of pension funding.
- Extension of all 2001/2003 individual tax rates until December 31, 2013.
- Exemption of derivative end-users from regulatory-imposed margin requirements.
- Clarification of back-to-back swaps between affiliates of the same company that are not subject to clearing and margin requirements.
- The overall House voting record in support of FEI positions is 83 percent, with Republicans voting with FEI 95 percent of the time and Democrats 66 percent of the time.
- Of the 205 sitting members of Congress who have voted 100 percent with FEI, 186 are Republican and 19 are Democrats.
- The Senate's voting record is 59 percent, with Republicans voting pro-FEI priorities 89 percent of the time, Democrats 33 percent, and Independents 18 percent.
- The twenty-two senators who have voted 100 percent pro-FEI priorities are all Republican. Only three - Senator Roger Wicker of Mississippi, Senator Dean Heller of Nevada, and Utah's Orrin Hatch - are up for reelection in November.