The Pension Protection Act of 2006 (the "PPA") imposed new requirements on
supporting organizations. Between 2006 and 2009, the Internal Revenue
Service issued a Notice, an Announcement, and Proposed Regulations, each of
which described different approaches to implementing the PPA requirements with
respect to Type III Supporting Organizations. On December 28, 2012, the
IRS finally issued Final and Temporary Regulations for Type III Supporting
Organizations. We welcome you to a discussion of the new regulations.