ms LESLEY HILL

H.R. 513, Foreign Adversary Risk Management Act (FARM Bill) [Rep. Ronny Jackson (R-TX)]. Specifically, engaged members on provisions that provide SNAP and food programs for college students.

H.R. 2617, Consolidated Appropriations Act, 2023 [Rep. Gerald Connolly (D-VA)]. Specifically, thanking MoC for their support of the bill and two provisions that were included; SECURE 2.0 (enhancing retirement options and access for more workers), and RILA (directing the SEC to devise a new form for annuity issuers to use when filing registered index-linked annuities).

Paid Family Medical Leave: HR.2589 sponsored by C. Maloney (NY) and S.1185 sponsored by R. Durbin (IL). Highlighted industry's engagement in the conversation and reiterated our interest in support of the continued preservation of a private option.

H.R. 2954, the Securing a Strong Retirement Act (SECURE 2.0) [Rep. Richard Neal (D-MA)] - Specifically about the importance of addressing gaps and barriers to retirement saving such as by allowing student loan borrowers to redirect 401(k) contributions to their loan repayment, while still receiving an employer match in their retirement plan; increasing the required minimum distribution (RMD) age to 75; removing the penalty for victims of domestic violence to withdraw early from their retirement accounts and; offering incentives to small business to start retirement accounts for their employees.

SECURE 2.0 Retirement Package consisting of: (i) H.R. 2954 (the Securing a Strong Retirement Act (SECURE 2.0)(Rep. Richard Neal, D-MA); (ii) S. 4808 (the Enhancing American Retirement Now (EARN) Act (Sen. Ron Wyden, D-OR); and (iii) S. 4353 (the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg (RISE & SHINE) Act (Sen. Patty Murray, D-WA) in each case addressing the importance of addressing gaps and barriers to retirement saving. H.R. 4865/S. 3198, the Registration for Index Linked Annuities Act (Rep. Alma Adams, D-NC, Sen. Tina Smith, D-MN) addressing that Congress should enact legislation directing the SEC to remove a barrier inhibiting the use of an innovative retirement income product by developing a new registration form better suited for insurance products, rather than the current form for corporate stock offerings. U.S. Department of Labor fiduciary regulation. Outreach focused on general education and the Best Interest and Fiduciary Rule, as well as concerns and impacts on access by communities of color.

HR.2954 "SECURE 2.0" sponsored by Richard Neal (MA-1), and "Earn Enhancing American Retirement Now," which is in committee, but doesn't have a bill number yet, makes various changes with respect to retirement and employer-sponsored retirement plans. S.1770 the Retirement Security and Savings Act of 2021 sponsored by Benjamin Cardin (MA) modifies various tax policies, credits, and requirements that apply to employer-provided retirement plans and Individual Retirement Accounts.

HR.2954 "SECURE 2.0" sponsored by R. Neal (MA). The bill makes various changes with respect to retirement and employer-sponsored retirement plans. Fiduciary Rule: Outreach focused on general education around the Best Interest and Fiduciary Rule, as well as concerns and impact on access by communities of color. This issue is not specific to a bill. Registered Indexed Linked Annuities: H.R. 4865 sponsored by A. Adams (D-NC) and S. 3198, the Registration for Index Linked Annuities, sponsored by T. Smith (D-MX). Update and education around the impact and need for a RILA-specific form from the SEC.

SECURE 2.0 Retirement Package consisting of: (i) H.R. 2954 (the Securing a Strong Retirement Act (SECURE 2.0)(Rep. Richard Neal, D-MA); (ii) S. 4808 (the Enhancing American Retirement Now (EARN) Act (Sen. Ron Wyden, D-OR); and (iii) S. 4353 (the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg (RISE & SHINE) Act (Sen. Patty Murray, D-WA) in each case addressing the importance of addressing gaps and barriers to retirement saving. H.R. 4865/S. 3198, the Registration for Index Linked Annuities Act (Rep. Alma Adams, D-NC, Sen. Tina Smith, D-MN) addressing that Congress should enact legislation directing the SEC to remove a barrier inhibiting the use of an innovative retirement income product by developing a new registration form better suited for insurance products, rather than the current form for corporate stock offerings. U.S. Department of Labor fiduciary regulation. Outreach focused on general education and the Best Interest and Fiduciary Rule, as well as concerns and impacts on access by communities of color.

HR.2954 "SECURE 2.0" sponsored by R. Neal (MA). The bill makes various changes with respect to retirement and employer-sponsored retirement plans. Fiduciary Rule: Outreach focused on general education around the Best Interest and Fiduciary Rule, as well as concerns and impact on access by communities of color. This issue is not specific to a bill. Registered Indexed Linked Annuities: H.R. 4865 sponsored by A. Adams (D-NC) and S. 3198, the Registration for Index Linked Annuities, sponsored by T. Smith (D-MX). Update and education around the impact and need for a RILA-specific form from the SEC.

HR.5 the "Equality Act" sponsored by David Cicilline (RI-1) prohibits discrimination based on sex, sexual orientation, and gender identity in areas including public accommodations and facilities, education, federal funding, employment, housing, credit, and the jury system. Specifically, the bill defines and includes sex, sexual orientation, and gender identity among the prohibited categories of discrimination or segregation.

H.R. 5376, the Build Back Better Act [Rep. John Yarmuth (D-KY)] - Specifically with respect to Paid Family Medical Leave (PFML) in support of efforts to expand much-needed access to paid leave, while also working to find a long-term solution that maintains the existing private support programs and tax stabilization in support of language bringing the life insurance industry pay-fors into alignment with any increase adjustment to the corporate tax rate be incorporated into any final package. U.S. Department of Labor fiduciary regulation - Specifically that a wholesale reenactment of the 2016 rule would be detrimental to the people it is meant to help the most, and that the Securities and Exchange Commissions (SEC) Regulation Best Interest (Reg BI) rule and the DOLs proposed impartial conduct standard will provide guidance for those advisers already held to their clients best interest standards.

H.R. 6893, the Institutional Grants for New Infrastructure, Technology, and Education for (IGNITE) HBCU and MSI Excellence Act [Rep. Alma Adams (D-NC)] - Specifically how private companies can best support Historically Black Colleges and Universities (HBCU) through targeted partnership and resource allocation.

Paid Family Medical Leave: HR.2589 sponsored by C. Maloney (NY) and S.1185 sponsored by R. Durbin (IL). Highlighted industry's engagement in the conversation and reiterated our interest in support of the continued preservation of a private option.

HR.2954 "SECURE 2.0" sponsored by Richard Neal (MA-1), and "Earn Enhancing American Retirement Now," which is in committee, but doesn't have a bill number yet, makes various changes with respect to retirement and employer-sponsored retirement plans. S.1770 the Retirement Security and Savings Act of 2021 sponsored by Benjamin Cardin (MA) modifies various tax policies, credits, and requirements that apply to employer-provided retirement plans and Individual Retirement Accounts.

HR.2954 "SECURE 2.0" sponsored by R. Neal (MA). The bill makes various changes with respect to retirement and employer-sponsored retirement plans. Fiduciary Rule: Outreach focused on general education around the Best Interest and Fiduciary Rule, as well as concerns and impact on access by communities of color. This issue is not specific to a bill. Registered Indexed Linked Annuities: H.R. 4865 sponsored by A. Adams (D-NC) and S. 3198, the Registration for Index Linked Annuities, sponsored by T. Smith (D-MX). Update and education around the impact and need for a RILA-specific form from the SEC.

SECURE 2.0 Retirement Package consisting of: (i) H.R. 2954 (the Securing a Strong Retirement Act (SECURE 2.0)(Rep. Richard Neal, D-MA); (ii) S. 4808 (the Enhancing American Retirement Now (EARN) Act (Sen. Ron Wyden, D-OR); and (iii) S. 4353 (the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg (RISE & SHINE) Act (Sen. Patty Murray, D-WA) in each case addressing the importance of addressing gaps and barriers to retirement saving. H.R. 4865/S. 3198, the Registration for Index Linked Annuities Act (Rep. Alma Adams, D-NC, Sen. Tina Smith, D-MN) addressing that Congress should enact legislation directing the SEC to remove a barrier inhibiting the use of an innovative retirement income product by developing a new registration form better suited for insurance products, rather than the current form for corporate stock offerings. U.S. Department of Labor fiduciary regulation. Outreach focused on general education and the Best Interest and Fiduciary Rule, as well as concerns and impacts on access by communities of color.

SECURE 2.0 Retirement Package consisting of: (i) H.R. 2954 (the Securing a Strong Retirement Act (SECURE 2.0)(Rep. Richard Neal, D-MA); (ii) S. 4808 (the Enhancing American Retirement Now (EARN) Act (Sen. Ron Wyden, D-OR); and (iii) S. 4353 (the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg (RISE & SHINE) Act (Sen. Patty Murray, D-WA) in each case addressing the importance of addressing gaps and barriers to retirement saving. H.R. 4865/S. 3198, the Registration for Index Linked Annuities Act (Rep. Alma Adams, D-NC, Sen. Tina Smith, D-MN) addressing that Congress should enact legislation directing the SEC to remove a barrier inhibiting the use of an innovative retirement income product by developing a new registration form better suited for insurance products, rather than the current form for corporate stock offerings. U.S. Department of Labor fiduciary regulation. Outreach focused on general education and the Best Interest and Fiduciary Rule, as well as concerns and impacts on access by communities of color.

SECURE 2.0 Retirement Package consisting of: (i) H.R. 2954 (the Securing a Strong Retirement Act (SECURE 2.0)(Rep. Richard Neal, D-MA); (ii) S. 4808 (the Enhancing American Retirement Now (EARN) Act (Sen. Ron Wyden, D-OR); and (iii) S. 4353 (the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg (RISE & SHINE) Act (Sen. Patty Murray, D-WA) in each case addressing the importance of addressing gaps and barriers to retirement saving. H.R. 4865/S. 3198, the Registration for Index Linked Annuities Act (Rep. Alma Adams, D-NC, Sen. Tina Smith, D-MN) addressing that Congress should enact legislation directing the SEC to remove a barrier inhibiting the use of an innovative retirement income product by developing a new registration form better suited for insurance products, rather than the current form for corporate stock offerings. U.S. Department of Labor fiduciary regulation. Outreach focused on general education and the Best Interest and Fiduciary Rule, as well as concerns and impacts on access by communities of color.