olmem
<font size="4" face="Times New Roman">=</font><div><font size="4" face="Times New Roman">
</font></div><div><font size="4" face="Times New Roman">=</font></div><div><font size="4" face="Times New Roman">MEMORANDUM FOR ANDREW OLMEM, SPECIAL ASSISTANT TO THE PRESIDENT </font></div><div><font size="4" face="Times New Roman">FROM: Counsel to the President </font></div><div><font size="4" face="Times New Roman">SUBJECT: Waiver Certification Under Section 3 of Executive Order 13770 for Ethics Pledge
Paragraphs 6 and 7 and Authorization to Participate Under 5 C.F.R. Section 2635.502 </font></div><div><font size="4" face="Times New Roman">
</font></div><div><font size="4" face="Times New Roman">Pursuant to section 3 of Executive Order 13770, “Ethics Commitments by Executive Branch
Employees,” (“Ethics Pledge”), and 5 C.F.R. § 2635.502(d), I am issuing for you this
memorandum to provide a limited waiver to the restrictions found in paragraphs 6 and 7 of the
Ethics Pledge and section 2635.502(a).<span style="background-color: rgb(255, 255, 102);"> This limited waiver authorizes you from the date of your
appointment to participate in communications and meetings with Franklin Advisers; Angelo
Gordon & Co.; Blue Mountain Capital Management; De Shaw Galvanic Portfolios; Knighthead
Capital Management; and Marathon Asset Management (“covered former clients”) and their
affiliate entities as it relates to Puerto Rico fiscal issues notwithstanding the limitations found in
paragraphs</span> 6 and 7 of the Ethics Pledge and section 2635.502(a).
This limited waiver also authorizes you from the date of your appointment to participate in
activities related to the following issues: improving disclosure of international insurance capital
agreements; making technical and clarifying amendments to the <span style="background-color: rgb(255, 255, 102);">Flood Disaster Protection Act
and the National Flood Insurance Act; eliminating deposits held at the Federal Reserve from the
calculation of the enhanced supplementary leverage ratio; revising the foreign exposure
threshold for the application of the Advanced Approaches capital requirements; reforming the
Financial Stability Oversight Council’s (“FSOC”) procedures; regulating credit rating agencies;
calculation of the Federal Reserve’s dividend for member institutions; and the Federal regulation
of the business of insurance</span> (the “covered matters”), notwithstanding the limitations found in
paragraphs 6 and 7 of the Ethics Pledge and section 2635.502(a).</font></div><div><font size="4" face="Times New Roman">...</font></div><div><font size="4" face="Times New Roman">===</font></div>