Daniel Epstein Financial Disclosure

New Entrant Report U.S. Office of Government Ethics; 5 C.F.R. part 2634 Form Approved: OMB No. (3209-0001) (January 2018) Executive Branch Personnel Public Financial Disclosure Report (OGE Form 278e) Filer's Information Epstein, Daniel Z SAP and Associate Counsel to the President, White House Date of Appointment: 12/09/2017 Other Federal Government Positions Held During the Preceding 12 Months: Associate Counsel to the President (1/2017 - 12/2017) Electronic Signature - I certify that the statements I have made in this form are true, complete and correct to the best of my knowledge. /s/ Epstein, Daniel Z [electronically signed on 01/07/2018 by Epstein, Daniel Z in Integrity.gov] - Filer received a 45 day filing extension. Agency Ethics Official's Opinion - On the basis of information contained in this report, I conclude that the filer is in compliance with applicable laws and regulations (subject to any comments below). Other review conducted by U.S. Office of Government Ethics Certification Epstein, Daniel Z - Page 1 Data Revised 02/14/2018 Data Revised 02/12/2018 Data Revised 01/30/2018 Data Revised 01/22/2018 Data Revised 01/21/2018 Data Revised 01/20/2018 Data Revised 01/19/2018 Data Revised 01/18/2018 Data Revised 01/08/2018 Epstein, Daniel Z - Page 2 1. Filer's Positions Held Outside United States Government # ORGANIZATION NAME CITY, STATE ORGANIZATION TYPE POSITION HELD FROM TO 1 Cause of Action Institute Washington, District of Columbia Non-Profit Director and Executive Director 9/2011 8/2016 2 Institute for Justice Arlington, Virginia Non-Profit Consultant 9/2016 1/2017 INCOME TYPE INCOME AMOUNT 2. Filer's Employment Assets & Income and Retirement Accounts # DESCRIPTION EIF VALUE 1 Principal LifeTime Hybrid 2055 CIT 401K Yes $100,001 $250,000 2 Institute for Justice N/A Salary $5,000 3 Cause of Action N/A Salary $70,000 None (or less than $201) 3. Filer's Employment Agreements and Arrangements # EMPLOYER OR PARTY CITY, STATE STATUS AND TERMS DATE 1 Cause of Action Institute Washington, District of Columbia I will continue to participate in this defined contribution plan, but the plan sponsor no longer makes contributions. 9/2011 Epstein, Daniel Z - Page 3 4. Filer's Sources of Compensation Exceeding $5,000 in a Year # SOURCE NAME CITY, STATE BRIEF DESCRIPTION OF DUTIES 1 Cause of Action Institute Washington, District of Columbia Founder, first President and Executive Director of public interest law firm. Set the vision, oversaw management and operations, and led client, case development and litigation financing. 2 Institute for Justice Arlington, Virginia Legal research and analysis 5. Spouse's Employment Assets & Income and Retirement Accounts None 6. Other Assets and Income # DESCRIPTION EIF VALUE INCOME TYPE INCOME AMOUNT 1 Bank Account (Cash) No $50,001 $100,000 Interest None (or less than $201) 2 Fidelity Select Biotechnology Yes $100,001 $250,000 $5,001 - $15,000 3 Fidelity Select Consumer Staples Yes $100,001 $250,000 $15,001 $50,000 4 Fidelity Select Chemicals Yes $100,001 $250,000 $15,001 $50,000 5 Fidelity Select Health Care Yes $250,001 $500,000 $5,001 - $15,000 6 Fidelity Government Cash Reserves Yes $1,001 - $15,000 None (or less than $201) Epstein, Daniel Z - Page 4 # DESCRIPTION EIF VALUE INCOME TYPE 7 Fidelity Select Chemicals Yes $15,001 $50,000 $1,001 - $2,500 8 iShares Russell 1000 Value Index Yes $15,001 $50,000 $201 - $1,000 9 USAA Bank (cash) N/A None (or less than $1,001) 10 Oakmark Fund Investor Class Yes $15,001 $50,000 $1,001 - $2,500 11 Fidelity® Select Health Care Portfolio Yes $15,001 $50,000 None (or less than $201) 12 Fidelity® Select Biotechnology Portfolio Yes $15,001 $50,000 None (or less than $201) 13 iShares Russell 1000 Growth Index (ETF) Yes $15,001 $50,000 $201 - $1,000 14 iShares MSCI EAFE Index Fund (ETF) Yes $15,001 $50,000 $201 - $1,000 15 Columbia Contrarian Core Fund Institutional 2 Class Yes $15,001 $50,000 $1,001 - $2,500 16 Fidelity Tax-Free Bond Yes $15,001 $50,000 None (or less than $201) 17 Fidelity® International Capital Appreciation Fund Yes $15,001 $50,000 $201 - $1,000 18 T. Rowe Price Emerging Markets Stock Fund I Class Yes $15,001 $50,000 None (or less than $201) 19 Causeway Emerging Markets Fund Investor Class Yes $1,001 - $15,000 $201 - $1,000 20 Transamerica International Equity I Yes $1,001 - $15,000 $201 - $1,000 21 Morgan Stanley Institutional Fund, Inc. International Equity Portfolio Class A Yes $1,001 - $15,000 $201 - $1,000 Interest INCOME AMOUNT None (or less than $201) Epstein, Daniel Z - Page 5 # DESCRIPTION EIF VALUE INCOME TYPE INCOME AMOUNT 22 Wells Fargo Advantage Spec Md Cp Val Adm Yes $1,001 - $15,000 $201 - $1,000 23 Vanguard Long-Term Tax-Exempt Fund Admiral Shares Yes $1,001 - $15,000 None (or less than $201) 24 iShares Core MSCI Emerging Markets ETF Yes $1,001 - $15,000 $201 - $1,000 25 T. Rowe Price Overseas Stock Fund I Class Yes $1,001 - $15,000 None (or less than $201) 26 T. Rowe Price Tax Free High Yield Fund Advisor Class Yes $1,001 - $15,000 None (or less than $201) 27 Templeton Global Bond A Yes $1,001 - $15,000 None (or less than $201) 28 iShares S&P SmallCap 600 Value Idx (ETF) Yes $1,001 - $15,000 None (or less than $201) 29 FLEXSHARES Tr/MORNINGSTAR GLB UPS Yes $1,001 - $15,000 None (or less than $201) 30 MainStay Tax Free Bond Fund Class A Yes $1,001 - $15,000 None (or less than $201) 31 Oakmark International Fund Investor Class Yes $1,001 - $15,000 $201 - $1,000 32 iShares Russell 1000 Index (ETF) Yes $1,001 - $15,000 $201 - $1,000 33 Fidelity® Value Discovery Fund Yes $1,001 - $15,000 None (or less than $201) 34 Vanguard Value ETF Yes $1,001 - $15,000 None (or less than $201) 35 SPDR Barclays Capital Convertible SecETF Yes None (or less than $1,001) None (or less than $201) 36 iShares S&P SmallCap 600 Growth (ETF) Yes $1,001 - $15,000 None (or less than $201) 37 Loomis Sayles Growth Fund Class Y Yes $1,001 - $15,000 None (or less than $201) Epstein, Daniel Z - Page 6 # DESCRIPTION EIF VALUE INCOME TYPE INCOME AMOUNT 38 T. Rowe Price International Discovery Fund I Class Yes $1,001 - $15,000 None (or less than $201) 39 Transamerica International Small Cap Value Class I Yes $1,001 - $15,000 None (or less than $201) 40 Fidelity® 500 Index Fund Investor Class Yes $1,001 - $15,000 None (or less than $201) 41 Fidelity Extended Market Index Fund Investor Class Yes $1,001 - $15,000 $201 - $1,000 42 Fidelity Total Market Index Fund Premium (UTMA #1) Yes $50,001 $100,000 $1,001 - $2,500 43 Fidelity Total Market Index Fund Premium (UTMA #2) Yes $50,001 $100,000 $1,001 - $2,500 44 DC College Savings 2034 Portfolio #1 Yes $50,001 $100,000 None (or less than $201) 45 DC College Savings 2031 Portfolio Yes $50,001 $100,000 None (or less than $201) 46 DC College Savings 2034 Portfolio #2 Yes $15,001 $50,000 None (or less than $201) 47 ISHARES RUSSELL 1000 GROWTH ETF Yes $50,001 $100,000 $1,001 - $2,500 48 SPDR S&P 500 ETF TRUST UNIT SER 1 S&P Yes $50,001 $100,000 $1,001 - $2,500 49 ISHARES RUSSELL 1000 VALUE ETF Yes $50,001 $100,000 $1,001 - $2,500 50 VANGUARD INDEX FDS VANGUARD LARGE CAP VIPERS FORMERLY VANGUA Yes $15,001 $50,000 $1,001 - $2,500 51 STRATEGIC ADV TAX SENSITIVE SHORT DURA (FGNSX) Yes $15,001 $50,000 None (or less than $201) Epstein, Daniel Z - Page 7 # DESCRIPTION EIF VALUE INCOME TYPE INCOME AMOUNT 52 SECTOR SPDR TR SHS BEN INT FINANCIAL (XLF) Yes $15,001 $50,000 $2,501 - $5,000 53 Western Asset Managed Municipals A Yes $15,001 $50,000 None (or less than $201) 54 LAZARD EMERGING MKTS EQUITY OPEN CL SHRS Yes $15,001 $50,000 $201 - $1,000 55 iShares S&P 500 Value Index Yes $15,001 $50,000 $1,001 - $2,500 56 T ROWE PRICE TAX FREE HIGH YIELD ADV Yes $15,001 $50,000 None (or less than $201) 57 BlackRock National Municipal Inv A Yes $15,001 $50,000 None (or less than $201) 58 Invesco International Growth A Yes $15,001 $50,000 $201 - $1,000 59 Fidelity Municipal Income Yes $15,001 $50,000 $1,001 - $2,500 60 TEMPLETON GLOBAL BOND CLASS A Yes $15,001 $50,000 $201 - $1,000 61 ISHARES INC CORE MSCI EMERGING MKTS ETF Yes $15,001 $50,000 $201 - $1,000 62 FIDELITY TAX-FREE BOND Yes $15,001 $50,000 $201 - $1,000 63 OPPENHEIMER DEV MARKETS CLASS I Yes $15,001 $50,000 $201 - $1,000 64 ISHARES RUSSELL MIDCAP VALUE ETF Yes $15,001 $50,000 $201 - $1,000 65 VANGUARD INDEX FDS VANGUARD GROWTH ETF FORMERLY VANGUARD IND Yes $15,001 $50,000 $201 - $1,000 Epstein, Daniel Z - Page 8 # DESCRIPTION EIF VALUE INCOME TYPE INCOME AMOUNT 66 MFS INTERNATIONAL VALUE FUND CL A Yes $15,001 $50,000 $201 - $1,000 67 MFS INTERNATIONAL DIVERSIFICATION FD A Yes $15,001 $50,000 $201 - $1,000 68 AMERICAN EUROPACIFIC GROWTH FUND CL F2 Yes $15,001 $50,000 $1,001 - $2,500 69 ISHARES RUSSELL MIDCAP GROWTH Yes $15,001 $50,000 $201 - $1,000 70 OAKMARK INTL INVESTOR CL Yes $1,001 - $15,000 $201 - $1,000 71 ARTISAN INTL VALUE FUND INV CL Yes $1,001 - $15,000 $201 - $1,000 72 OAKMARK FUND INVESTOR CLASS Yes $1,001 - $15,000 $201 - $1,000 73 MFS RESEARCH INTL CLASS A Yes $1,001 - $15,000 $201 - $1,000 74 MAINSTAY TAX FREE BOND CLASS A Yes $1,001 - $15,000 None (or less than $201) 75 FLEXSHARES TRUST MORNINGSTAR GLOBAL UPSTREAM NAT RES IDX Yes $1,001 - $15,000 $201 - $1,000 76 AMG TIMESSQUARE MID CAP GRWTH FD N Yes $1,001 - $15,000 $1,001 - $2,500 77 WILLIAM BLAIR INTL GROWTH CLASS N Yes $1,001 - $15,000 $201 - $1,000 78 FIDELITY ADVISOR INTL DISCOVERY CL I Yes $1,001 - $15,000 $201 - $1,000 79 AMERICAN BEACON LARGE CAP INVESTOR Yes $1,001 - $15,000 $1,001 - $2,500 80 FIDELITY CONTRAFUND Yes $1,001 - $15,000 $201 - $1,000 81 ISHARES TR S&P SMALL CAP 600 GROWTH ETF Yes $1,001 - $15,000 None (or less than $201) 82 T ROWE PRICE MID CAP VALUE ADV CLASS Yes $1,001 - $15,000 $1,001 - $2,500 83 MFS MUNICIPAL INCOME CLASS A Yes $1,001 - $15,000 None (or less than $201) Epstein, Daniel Z - Page 9 # DESCRIPTION EIF VALUE INCOME TYPE INCOME AMOUNT 84 FIDELITY ADVISOR GROWTH OPPTY CL I Yes $1,001 - $15,000 $1,001 - $2,500 85 AMERICAN BEACON SMALL CAP INVESTOR Yes $1,001 - $15,000 $1,001 - $2,500 86 MORGAN STA INST INC. INTERNATL EQUITY A Yes $1,001 - $15,000 None (or less than $201) 87 FIDELITY INTL CAP APPRECIATION FUND Yes $1,001 - $15,000 $201 - $1,000 88 FIDELITY INTL SMALL CAP OPP FUND Yes $1,001 - $15,000 $201 - $1,000 89 ISHARES S&P SMALLCAP 600 VALUE ETF Yes $1,001 - $15,000 None (or less than $201) 90 ISHARES MSCI EAFE ETF Yes $1,001 - $15,000 $201 - $1,000 91 DEUTSCHE MANAGED MUNI BOND FD S Yes $1,001 - $15,000 None (or less than $201) 92 FIDELITY LOW PRICED STOCK Yes $1,001 - $15,000 $201 - $1,000 93 Fidelity® Government Cash Reserves Yes $1,001 - $15,000 None (or less than $201) 94 VANGUARD INDEX FDS VANGUARD SMALL CAP VIPERS FORMERLY VANGUA Yes $1,001 - $15,000 None (or less than $201) 95 JPMORGAN US EQUITY FUND CLASS I Yes $1,001 - $15,000 $201 - $1,000 96 FMI LARGE CAP FUND Yes $1,001 - $15,000 $201 - $1,000 97 ARTISAN SMALL CAP FUND INVESTOR CL Yes $1,001 - $15,000 $201 - $1,000 98 FIDELITY SELECT TECHNOLOGY Yes $1,001 - $15,000 $201 - $1,000 99 DODGE & COX STOCK Yes $1,001 - $15,000 $201 - $1,000 100 SPDR SERIES TRUST BLMBRG BRC CNVRT Yes $1,001 - $15,000 $201 - $1,000 101 WASATCH FRONTIER EMERGING SMALL COS Yes $1,001 - $15,000 None (or less than $201) Epstein, Daniel Z - Page 10 7. Transactions (N/A) - Not required for this type of report 8. Liabilities None 9. Gifts and Travel Reimbursements (N/A) - Not required for this type of report Endnotes Epstein, Daniel Z - Page 11 Summary of Contents 1. Filer's Positions Held Outside United States Government Part 1 discloses positions that the filer held at any time during the reporting period (excluding positions with the United States Government). Positions are reportable even if the filer did not receive compensation. This section does not include the following: (1) positions with religious, social, fraternal, or political organizations; (2) positions solely of an honorary nature; (3) positions held as part of the filer's official duties with the United States Government; (4) mere membership in an organization; and (5) passive investment interests as a limited partner or non-managing member of a limited liability company. 2. Filer's Employment Assets & Income and Retirement Accounts Part 2 discloses the following: ● ● Sources of earned and other non-investment income of the filer totaling more than $200 during the reporting period (e.g., salary, fees, partnership share, honoraria, scholarships, and prizes) Assets related to the filer's business, employment, or other income-generating activities that (1) ended the reporting period with a value greater than $1,000 or (2) produced more than $200 in income during the reporting period (e.g., equity in business or partnership, stock options, retirement plans/accounts and their underlying holdings as appropriate, deferred compensation, and intellectual property, such as book deals and patents) This section does not include assets or income from United States Government employment or assets that were acquired separately from the filer's business, employment, or other income-generating activities (e.g., assets purchased through a brokerage account). Note: The type of income is not required if the amount of income is $0 - $200 or if the asset qualifies as an excepted investment fund (EIF). 3. Filer's Employment Agreements and Arrangements Part 3 discloses agreements or arrangements that the filer had during the reporting period with an employer or former employer (except the United States Government), such as the following: ● ● ● ● ● Future employment Leave of absence Continuing payments from an employer, including severance and payments not yet received for previous work (excluding ordinary salary from a current employer) Continuing participation in an employee welfare, retirement, or other benefit plan, such as pensions or a deferred compensation plan Retention or disposition of employer-awarded equity, sharing in profits or carried interests (e.g., vested and unvested stock options, restricted stock, future share of a company's profits, etc.) Epstein, Daniel Z - Page 12 4. Filer's Sources of Compensation Exceeding $5,000 in a Year Part 4 discloses sources (except the United States Government) that paid more than $5,000 in a calendar year for the filer's services during any year of the reporting period. The filer discloses payments both from employers and from any clients to whom the filer personally provided services. The filer discloses a source even if the source made its payment to the filer's employer and not to the filer. The filer does not disclose a client's payment to the filer's employer if the filer did not provide the services for which the client is paying. 5. Spouse's Employment Assets & Income and Retirement Accounts Part 5 discloses the following: ● ● ● Sources of earned income (excluding honoraria) for the filer's spouse totaling more than $1,000 during the reporting period (e.g., salary, consulting fees, and partnership share) Sources of honoraria for the filer's spouse greater than $200 during the reporting period Assets related to the filer's spouse's employment, business activities, other income-generating activities that (1) ended the reporting period with a value greater than $1,000 or (2) produced more than $200 in income during the reporting period (e.g., equity in business or partnership, stock options, retirement plans/accounts and their underlying holdings as appropriate, deferred compensation, and intellectual property, such as book deals and patents) This section does not include assets or income from United States Government employment or assets that were acquired separately from the filer's spouse's business, employment, or other income-generating activities (e.g., assets purchased through a brokerage account). Note: The type of income is not required if the amount of income is $0 - $200 or if the asset qualifies as an excepted investment fund (EIF). Amounts of income are not required for a spouse's earned income (excluding honoraria). 6. Other Assets and Income Part 6 discloses each asset, not already reported, that (1) ended the reporting period with a value greater than $1,000 or (2) produced more than $200 in investment income during the reporting period. For purposes of the value and income thresholds, the filer aggregates the filer's interests with those of the filer's spouse and dependent children. This section does not include the following types of assets: (1) a personal residence (unless it was rented out during the reporting period); (2) income or retirement benefits associated with United States Government employment (e.g., Thrift Savings Plan); and (3) cash accounts (e.g., checking, savings, money market accounts) at a single financial institution with a value of $5,000 or less (unless more than $200 of income was produced). Additional exceptions apply. Note: The type of income is not required if the amount of income is $0 - $200 or if the asset qualifies as an excepted investment fund (EIF). 7. Transactions Epstein, Daniel Z - Page 13 Part 7 discloses purchases, sales, or exchanges of real property or securities in excess of $1,000 made on behalf of the filer, the filer's spouse or dependent child during reporting period. This section does not include transactions that concern the following: (1) a personal residence, unless rented out; (2) cash accounts (e.g., checking, savings, CDs, money market accounts) and money market mutual funds; (3) Treasury bills, bonds, and notes; and (4) holdings within a federal Thrift Savings Plan account. Additional exceptions apply. 8. Liabilities Part 8 discloses liabilities over $10,000 that the filer, the filer's spouse or dependent child owed at any time during the reporting period. This section does not include the following types of liabilities: (1) mortgages on a personal residence, unless rented out (limitations apply for PAS filers); (2) loans secured by a personal motor vehicle, household furniture, or appliances, unless the loan exceeds the item's purchase price; and (3) revolving charge accounts, such as credit card balances, if the outstanding liability did not exceed $10,000 at the end of the reporting period. Additional exceptions apply. 9. Gifts and Travel Reimbursements This section discloses: ● ● Gifts totaling more than $390 that the filer, the filer's spouse, and dependent children received from any one source during the reporting period. Travel reimbursements totaling more than $390 that the filer, the filer's spouse, and dependent children received from any one source during the reporting period. For purposes of this section, the filer need not aggregate any gift or travel reimbursement with a value of $156 or less. Regardless of the value, this section does not include the following items: (1) anything received from relatives; (2) anything received from the United States Government or from the District of Columbia, state, or local governments; (3) bequests and other forms of inheritance; (4) gifts and travel reimbursements given to the filer's agency in connection with the filer's official travel; (5) gifts of hospitality (food, lodging, entertainment) at the donor's residence or personal premises; and (6) anything received by the filer's spouse or dependent children totally independent of their relationship to the filer. Additional exceptions apply. Epstein, Daniel Z - Page 14 Privacy Act Statement Title I of the Ethics in Government Act of 1978, as amended (the Act), 5 U.S.C. app. § 101 et seq., as amended by the Stop Trading on Congressional Knowledge Act of 2012 (Pub. L. 112-105) (STOCK Act), and 5 C.F.R. Part 2634 of the U. S. Office of Government Ethics regulations require the reporting of this information. The primary use of the information on this report is for review by Government officials to determine compliance with applicable Federal laws and regulations. This report may also be disclosed upon request to any requesting person in accordance with sections 105 and 402(b)(1) of the Act or as otherwise authorized by law. You may inspect applications for public access of your own form upon request. Additional disclosures of the information on this report may be made: (1) to any requesting person, subject to the limitation contained in section 208(d)(1) of title 18, any determination granting an exemption pursuant to sections 208(b)(1) and 208(b)(3) of title 18; (2) to a Federal, State, or local law enforcement agency if the disclosing agency becomes aware of violations or potential violations of law or regulation; (3) to another Federal agency, court or party in a court or Federal administrative proceeding when the Government is a party or in order to comply with a judge-issued subpoena; (4) to a source when necessary to obtain information relevant to a conflict of interest investigation or determination; (5) to the National Archives and Records Administration or the General Services Administration in records management inspections; (6) to the Office of Management and Budget during legislative coordination on private relief legislation; (7) to the Department of Justice or in certain legal proceedings when the disclosing agency, an employee of the disclosing agency, or the United States is a party to litigation or has an interest in the litigation and the use of such records is deemed relevant and necessary to the litigation; (8) to reviewing officials in a new office, department or agency when an employee transfers or is detailed from one covered position to another; (9) to a Member of Congress or a congressional office in response to an inquiry made on behalf of an individual who is the subject of the record; (10) to contractors and other non-Government employees working on a contract, service or assignment for the Federal Government when necessary to accomplish a function related to an OGE Government-wide system of records; and (11) on the OGE Website and to any person, department or agency, any written ethics agreement filed with OGE by an individual nominated by the President to a position requiring Senate confirmation. See also the OGE/GOVT-1 executive branch-wide Privacy Act system of records. Public Burden Information This collection of information is estimated to take an average of three hours per response, including time for reviewing the instructions, gathering the data needed, and completing the form. Send comments regarding the burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to the Program Counsel, U.S. Office of Government Ethics (OGE), Suite 500, 1201 New York Avenue, NW., Washington, DC 20005-3917. Pursuant to the Paperwork Reduction Act, as amended, an agency may not conduct or sponsor, and no person is required to respond to, a collection of information unless it displays a currently valid OMB control number (that number, 3209-0001, is displayed here and at the top of the first page of this OGE Form 278e). Epstein, Daniel Z - Page 15