ANDREW STEVENS

Department of Labor Retirement Security Rule. Regarding the Department of Labor's Financial Factors in Selecting Plan Investments, support changes to prevent the Department from requiring plan fiduciaries to select investments based solely on pecuniary factors and prohibiting consideration of Environmental, Societal, and Governmental factors. (No specific bills.) Implementation of H.R. 2954, the SECURE 2.0 Act

S.3815 - Improving Disclosure for Investors Act of 2024 H.R.3063 - Retirement Fairness for Charities and Educational Institutions Act of 2023 H.R. 1165, the Data Privacy Act of 2023 The swing pricing/hard close proposal issued by the Securities & Exchange Commission (no bills introduced.) Environmental, Social, and Corporate Governance (ESG). No bill number assigned.

Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside build up of life insurance and annuity products, and tax deferral of 401(k) contributions. Ordinary tax treatment of bonds. Establishment of Infrastructure Investment Trusts, no bills introduced yet.

Implementation of H.R.4865/S.3198, the Registration for Index-Linked Annuities Act, regarding the use of Statutory Accounting Principles. H.R. 1165, the Data Privacy Act of 2023 The swing pricing/hard close proposal issued by the Securities & Exchange Commission (no bills introduced.) Federal Home Loan Bank System Comprehensive Review; membership Environmental, Social, and Corporate Governance (ESG). No bill number assigned.

Implementation of H.R.4865/S.3198, the Registration for Index-Linked Annuities Act, regarding the use of Statutory Accounting Principles. H.R. 1165, the Data Privacy Act of 2023 The swing pricing/hard close proposal issued by the Securities & Exchange Commission (no bills introduced.) Federal Home Loan Bank System Comprehensive Review; membership Environmental, Social, and Corporate Governance (ESG). No bill number assigned.

Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside build up of life insurance and annuity products, and tax deferral of 401 (k) contributions. Ordinary tax treatment of bonds.

Financial Services Regulatory reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Clarify Law Around Insurance of Marijuana Act. To create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related business. Issue: underwriting, anti-money laundering. Reauthorization of the Federal Aviation Administration regarding travel insurance.

Implementation of H.R.4865/S.3198, the Registration for Index-Linked Annuities Act, regarding the use of Statutory Accounting Principles. H.R. 1165, the Data Privacy Act of 2023 The swing pricing/hard close proposal issued by the Securities & Exchange Commission (no bills introduced.)

Monitor SEC's Regulation Best Interest Regarding the Department of Labors Financial Factors in Selecting Plan Investments, support changes to prevent the Department from requiring plan fiduciaries to select investments based solely on pecuniary factors and prohibiting consideration of Environmental, Societal, and Governmental factors. (No specific bills.) H.R. 2954, the Securing a Strong Retirement Act of 2021. S.1443, The Retirement Parity for Student Loans Act. H.R.4865, the Registration for Index-Linked Annuities Act. S.3198, the Registration for Index-Linked Annuities Act.

Financial Services Regulatory reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Clarifying Law Around Insurance Of Marijuana Act. To create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related business. Issue: underwriting, anti-money laundering. Holocaust Insurance Accountability Act of 2021. Business interruption insurance H.R.7011 from the 116th Congress, the Pandemic Risk Insurance Act.

"Financial Services and General Government Appropriations Act, 2022:" Issue: Making appropriations for financial services and general government, "Lobby for a provision to be included that would require the SEC to develop a unique registration form for Registered Index Linked Annuities." H.R.4616, the Adjustable Interest Rate (LIBOR) Act of 2021.

Financial Services Regulatory reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Clarifying Law Around Insurance Of Marijuana Act. To create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related business. Issue: underwriting, anti-money laundering. Holocaust Insurance Accountability Act of 2021. Business interruption insurance H.R.7011 from the 116th Congress, the Pandemic Risk Insurance Act.

Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside build up of life insurance and annuity products, and tax deferral of 401 (k) contributions Life Insurance Product and Tax Stabilization Proposals (no bill introduced yet) COVID-19 Response Tax Proposals re 7702 and Ordinary Treatment of Bonds Consolidated Appropriations Act, 2021 H.R. 2954, Securing a Strong Retirement Act of 2021. S. 1770, Retirement Security and Savings Act.

Financial Services Regulatory reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Clarifying Law Around Insurance Of Marijuana Act. To create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related business. Issue: underwriting, anti-money laundering. Holocaust Insurance Accountability Act of 2021. Business interruption insurance H.R.7011 from the 116th Congress, the Pandemic Risk Insurance Act.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside build up of life insurance and annuity products, and tax deferral of 401 (k) contributions Life Insurance Product and Tax Stabilization Proposals (no bill introduced yet) COVID-19 Response Tax Proposals re 7702 and Ordinary Treatment of Bonds Consolidated Appropriations Act, 2021 H.R. 2954, Securing a Strong Retirement Act of 2021. S. 1770, Retirement Security and Savings Act.

Financial Services Regulatory reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Clarifying Law Around Insurance Of Marijuana Act. To create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related business. Issue: underwriting, anti-money laundering. Holocaust Insurance Accountability Act of 2021. Business interruption insurance H.R.7011 from the 116th Congress, the Pandemic Risk Insurance Act.

Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Financial Services and General Government Appropriations Act, 2021: Issue: Making appropriations for financial services and general government , "Lobby for a provision to be included that would require the SEC to develop a unique registration form for Registered Index Linked Annuities. Monitor efforts to provide for a statutory replacement benchmark rate for contracts that use LIBOR as a benchmark and do not contain any fallback provisions independent of LIBOR. (No bills introduced).

Financial Services Regulatory reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Clarifying Law Around Insurance Of Marijuana Act. To create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related business. Issue: underwriting, anti-money laundering. Holocaust Insurance Accountability Act of 2021. Business interruption insurance H.R.7011 from the 116th Congress, the Pandemic Risk Insurance Act.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions Life Insurance Product and Tax Stabilization Proposals (no bill introduced yet) COVID-19 Response Tax Proposals re 7702 and Ordinary Treatment of Bonds Consolidated Appropriations Act, 2021 Expanding the definition of REIT to include infrastructure projects (no bills introduced yet.)

Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

Monitor SEC's Regulation Best Interest Lobby in favor of H.R. 6994/S. 3795 from the 116th Congress, the Registered Index Linked Annuity Act Regarding the Department of Labors Financial Factors in Selecting Plan Investments, support changes to prevent the Department from requiring plan fiduciaries to select investments based solely on pecuniary factors and prohibiting consideration of Environmental, Societal, and Governmental factors. (No specific bills.) H.R. 2954, the Securing a Strong Retirement Act of 2021. S.1443, The Retirement Parity for Student Loans Act.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Financial Services and General Government Appropriations Act, 2021: Issue: Making appropriations for financial services and general government , "Lobby for a provision to be included that would require the SEC to develop a unique registration form for Registered Index Linked Annuities. Monitor efforts to provide for a statutory replacement benchmark rate for contracts that use LIBOR as a benchmark and do not contain any fallback provisions independent of LIBOR. (No bills introduced).

Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

Monitor SEC's Regulation Best Interest Lobby in favor of H.R. 6994/S. 3795 from the 116th Congress, the Registered Index Linked Annuity Act Regarding the Department of Labors Financial Factors in Selecting Plan Investments, support changes to prevent the Department from requiring plan fiduciaries to select investments based solely on pecuniary factors and prohibiting consideration of Environmental, Societal, and Governmental factors. (No specific bills.) H.R. 2954, the Securing a Strong Retirement Act of 2021. S.1443, The Retirement Parity for Student Loans Act.

Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process. Support proposals to create a federal backstop for trade credit insurance during a pandemic.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Financial Services and General Government Appropriations Act, 2021: Issue: Making appropriations for financial services and general government , "Lobby for a provision to be included that would require the SEC to develop a unique registration form for Registered Index Linked Annuities. Monitor efforts to provide for a statutory replacement benchmark rate for contracts that use LIBOR as a benchmark and do not contain any fallback provisions independent of LIBOR. (No bills introduced).

Monitor SEC's Regulation Best Interest Lobby in favor of H.R. 6994/S. 3795 from the 116th Congress, the Registered Index Linked Annuity Act H.R. 1997 from the 116th Congress, the Setting Every Community up for Retirement Act. Issue: retirement security reforms H.R. 1439, from the 116th Congress, the Increasing Access to a Secure Retirement Act Issue: Provides a fiduciary safe harbor to the selection of an annuity provider. Regarding the Department of Labors Financial Factors in Selecting Plan Investments, support changes to prevent the Department from requiring plan fiduciaries to select investments based solely on pecuniary factors and prohibiting consideration of Environmental, Societal, and Governmental factors. (No specific bills.)

Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. H.R. 3351- Financial Services and General Government Appropriations Act, 2020. Issue: Making appropriations for financial services and general government for the fiscal year ending September 30, 2020. , "Lobby for a provision to be included that would require the SEC to develop a unique registration form for Registered Index Linked Annuities. Monitor efforts to provide for a statutory replacement benchmark rate for contracts that use LIBOR as a benchmark and do not contain any fallback provisions independent of LIBOR. (No bills introduced).

Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process. Support proposals to create a federal backstop for trade credit insurance during a pandemic. Track H.R. 7011, the Pandemic Risk Insurance Act.

Financial Services Regulatory reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. S. 2201/H.R. 4074 - Clarifying Law Around Insurance Of Marijuana Act. To create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related business. Issue: underwriting, anti-money laundering. H.R. 5265/S. 2621 - Holocaust Insurance Accountability Act of 2019. Business interruption insurance: DOL EBSA Proposed PTE for Pooled Employer Plans Under the SECURE Act and Other Multiple Employer Plans RFI

Financial Services Regulatory reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. S. 2201/H.R. 4074 - Clarifying Law Around Insurance Of Marijuana Act. To create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related business. Issue: underwriting, anti-money laundering. H.R. 5265/S. 2621 - Holocaust Insurance Accountability Act of 2019. Business interruption insurance: DOL EBSA Proposed PTE for Pooled Employer Plans Under the SECURE Act and Other Multiple Employer Plans RFI

Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions H.R. 4598, To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies. Lobby for favorable implementation of the Base Erosion Anti-abuse tax for insurers owned by a foreign parent. Life Insurance Product and Tax Stabilization Proposals (no bill introduced yet) COVID-19 Response Tax Proposals re 7702 and Ordinary Treatment of Bonds (no bill introduced)

Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. H.R. 3351- Financial Services and General Government Appropriations Act, 2020. Issue: Making appropriations for financial services and general government for the fiscal year ending September 30, 2020.

Financial Services Regulatory reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. S. 2201/H.R. 4074 - Clarifying Law Around Insurance Of Marijuana Act. To create a safe harbor for insurers engaging in the business of insurance in connection with a cannabis-related business. Issue: underwriting, anti-money laundering. H.R. 5265/S. 2621 - Holocaust Insurance Accountability Act of 2019.

Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process. Support proposals to create a federal backstop for trade credit insurance during a pandemic. Track H.R. 7011, the Pandemic Risk Insurance Act.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions H.R. 4598, To amend the Internal Revenue Code of 1986 to provide an exemption from FIRPTA for interests held by certain foreign insurance companies. Lobby for favorable implementation of the Base Erosion Anti-abuse tax for insurers owned by a foreign parent. Lobby for legislation to allow life insurers to accelerate annual income or defer annual tax deductions in order to have tax liability recognized in that year, at the legally allowed discretion of the taxpayer.

Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Lobby in support of an exception from the Foreign Investment in Real Property Act (FIRPTA) for foreign insurance companies. Lobby for favorable implementation of the Base Erosion Anti-abuse tax for insurers owned by a foreign parent. Lobby for legislation to allow life insurers to accelerate annual income or defer annual tax deductions in order to have tax liability recognized in that year, at the legally allowed discretion of the taxpayer.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

401 (k) Disclosure: Track Department of Labor rulemaking regarding 401 (k) fee disclosure. Monitor the SEC's proposed Regulation Best Interest. Lobby in support of the Lifetime Income Disclosure Act. Lobby in support of the Retirement Enhancement and Savings Act, Lobby in support of H.R. 1994 - the SECURE Act. Lobby in support of a requirement that the SEC develop a specific initial Filing Form for registered index linked annuities.

Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Lobby in support of an exception from the Foreign Investment in Real Property Act (FIRPTA) for foreign insurance companies. Lobby for favorable implementation of the Base Erosion Anti-abuse tax for insurers owned by a foreign parent. Lobby for legislation to allow life insurers to accelerate annual income or defer annual tax deductions in order to have tax liability recognized in that year, at the legally allowed discretion of the taxpayer.

Financial Services Regulatory reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council.

401 (k) Disclosure: Track Department of Labor rulemaking regarding 401 (k) fee disclosure. Monitor the SEC's proposed Regulation Best Interest. Lobby in support of the Lifetime Income Disclosure Act. Lobby in support of the Retirement Enhancement and Savings Act, Lobby in support of H.R. 1994 - the SECURE Act. Lobby in support of a requirement that the SEC develop a specific initial Filing Form for registered index linked annuities.

Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Lobby in support of an exception from the Foreign Investment in Real Property Act (FIRPTA) for foreign insurance companies. Lobby for favorable implementation of the Base Erosion Anti-abuse tax for insurers owned by a foreign parent.

Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of making permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Lobby in favor of the SEC's proposed rule 30e-3 under the Investment Company Act of 1940 regarding electronic delivery of shareholder reports.

Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Lobby in support of an exception from the Foreign Investment in Real Property Act (FIRPTA) for foreign insurance companies. Lobby for favorable implementation of the Base Erosion Anti-abuse tax for insurers owned by a foreign parent.

401 (k) Disclosure: Track Department of Labor rulemaking regarding 401 (k) fee disclosure. Monitor the SEC's proposed Regulation Best Interest. Lobby in support of the Lifetime Income Disclosure Act. Lobby in support of the Retirement Enhancement and Savings Act, Lobby in support of H.R. 1994 - the SECURE Act. Lobby in support of a requirement that the SEC develop a specific initial Filing Form for registered index linked annuities.

401 (k) Disclosure: Track Department of Labor rulemaking regarding 401 (k) fee disclosure. Monitor the SEC's proposed Regulation Best Interest. Lobby in support of the Lifetime Income Disclosure Act. Lobby in support of the Retirement Enhancement and Savings Act, Lobby in support of H.R. 1994 - the SECURE Act.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Lobby in support of an exception from the Foreign Investment in Real Property Act (FIRPTA) for foreign insurance companies. Lobby for favorable implementation of the Base Erosion Anti-abuse tax for insurers owned by a foreign parent.

Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of making permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. CFTC: Argue against rule that would impose position limits on on commodity index mutual funds. Lobby in favor of the SEC's proposed rule 30e-3 under the Investment Company Act of 1940 regarding electronic delivery of shareholder reports. Lobby for insurers to be permitted to file index-linked annuity products with the SEC using statutory accounting principles

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight council.

401 (k) Disclosure: Track Department of Labor rulemaking regarding 401 (k)fee disclosure. Argue against possible changes to the tax treatment of life insurance products. Monitor the SEC's recently proposed Standard of Care rule for investment advice. Lobby in support of the Lifetime Income Disclosure Act. Lobby in support of the Retirement Enhancement and Savings Act.

Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of making permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. CFTC: Argue against rule that would impose position limits on on commodity index mutual funds. Lobby in favor of the SEC's proposed rule 30e-3 under the Investment Company Act of 1940 regarding electronic delivery of shareholder reports. Lobby for insurers to be permitted to file index-linked annuity products with the SEC using statutory accounting principles

401 (k) Disclosure: Track Department of Labor rulemaking regarding 401 (k)fee disclosure. Argue against possible changes to the tax treatment of life insurance products. Monitor the SEC's recently proposed Standard of Care rule for investment advice. Lobby in support of the Lifetime Income Disclosure Act. Lobby in support of the Retirement Enhancement and Savings Act.

Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Menendez (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S. taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Lobby in support of an exception from the Foreign Investment in Real Property Act (FIRPTA) for foreign insurance companies. Lobby for favorable implementation of the Base Erosion Anti-abuse tax for insurers owned by a foreign parent.

Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Menendez (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S. taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Lobby in support of an exception from the Foreign Investment in Real Property Act (FIRPTA) for foreign insurance companies. Lobby for favorable implementation of the Base Erosion Anti-abuse tax for insurers owned by a foreign parent.

Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of making permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. CFTC: Argue against rule that would impose position limits on on commodity index mutual funds. Lobby in favor of the SEC's proposed rule 30e-3 under the Investment Company Act of 1940 regarding electronic delivery of shareholder reports. Lobby for insurers to be permitted to file index-linked annuity products with the SEC using statutory accounting principles

Lobby in favor of H.R. 4061. Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

401 (k) Disclosure: Track Department of Labor rulemaking regarding 401 (k)fee disclosure. Argue against possible changes to the tax treatment of life insurance products.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight council. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Lobby in support of legislation blocking or supplanting the Rule.

Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of making permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. CFTC: Argue against rule that would impose position limits on on commodity index mutual funds. Lobby in favor of the SEC's proposed rule 30e-3 under the Investment Company Act of 1940 regarding electronic delivery of shareholder reports.

Lobby in favor of H.R. 4061. Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight council. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Lobby in support of legislation blocking or supplanting the Rule.

Derivatives: monitor new rules and changes of regulation for derivatives and commodity indexed funds and activity within Congress, especially in the context of the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Target Date Funds: monitor possible legislation and SEC as well as Department of Labor regulatory activities. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of making permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. CFTC: Argue against rule that would impose position limits on on commodity index mutual funds. Lobby in favor of the SEC's proposed rule 30e-3 under the Investment Company Act of 1940 regarding electronic delivery of shareholder reports.

401 (k) Disclosure: Track Department of Labor rulemaking regarding 401 (k)fee disclosure. Argue against possible changes to the tax treatment of life insurance products.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight council. Also lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Lobby in support of legislation blocking or supplanting the Rule.

Lobby in favor of legislation amending FSOC's SIFI designation process. Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

Derivatives: monitor new rules and changes of regulation for derivatives and commodity indexed funds and activity within Congress, especially in the context of the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Target Date Funds: monitor possible legislation and SEC as well as Department of Labor regulatory activities. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of making permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC Rulemaking implementing a provision in the Dodd-Frank Act that creates a new whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on on commodity index mutual funds. Lobby in favor of the SEC's proposed rule 30e-3 under the Investment Company Act of 1940 regarding electronic delivery of shareholder reports.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Mark to market accounting - follow SEC and FASB action regarding guidance and clarification of mark to market accounting. Lobby in favor of legislation amending FSOC's SIFI designation process. Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Cascading taxes for foreign owned insurers: Advocate against measure in Congress and from the Obama Administration that would lead to imposition of an excise tax twice when insurance for reinsurance misplace from the U.S. to a foreign-company and then when the foreign company reinsures the U.S. risk. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Menendez (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S. taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Lobby for appropriate treatment of insurance services under the proposed Border Adjustment Tax.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight council. Also lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Lobby in support of legislation blocking or supplanting the Rule.

Mark to market accounting - follow SEC and FASB action regarding guidance and clarification of mark to market accounting. Lobby in favor of legislation amending FSOC's SIFI designation process. Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

401 (k) Disclosure: Track Department of Labor rulemaking regarding 401 (k)fee disclosure. Argue against possible changes to the tax treatment of life insurance products.

Cascading taxes for foreign owned insurers: Advocate against measure in Congress and from the Obama Administration that would lead to imposition of an excise tax twice when insurance for reinsurance misplace from the U.S. to a foreign-company and then when the foreign company reinsures the U.S. risk. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Menendez (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S. taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Lobby for appropriate treatment of insurance services under the proposed Border Adjustment Tax.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight council. Also lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Lobby in support of legislation blocking or supplanting the Rule.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Lobby in support of legislation blocking or supplanting the Rule.

Derivatives: monitor new rules and changes of regulation for derivatives and commodity indexed funds and activity within Congress, especially in the context of the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173 the Wall Street Reform and Consumer protection Act and its implementation. Target Date Funds: monitor possible legislation and SEC as well as Department of Labor regulatory activiti Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of making permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC Rulemaking implementing a provision in the Dodd-Frank Act that creates a new whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds. Lobby in favor of the SEC's proposed rule 30e-3 under the Investment company Act of 1940 regarding electronic delivery of shareholder reports.

The Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation of this legislation which would create a new systemic-risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically" important financial institutions. Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting. Lobby in favor of legislation amending FSOC's SIFI designation process. Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

Derivatives: monitor new rules and changes of regulation for derivatives and commodity indexed funds and activity within Congress, especially in the context of the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173 the Wall Street Reform and Consumer protection Act and its implementation. Target Date Funds: monitor possible legislation and SEC as well as Department of Labor regulatory activiti Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of making permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC Rulemaking implementing a provision in the Dodd-Frank Act that creates a new whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds. Lobby in favor of the SEC's proposed rule 30e-3 under the Investment company Act of 1940 regarding electronic delivery of shareholder reports.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Lobby in support of legislation blocking or supplanting the Rule.

Cascading taxes for foreign owned insurers: Advocate against measure in Congress and from the Obama Administration that would lead to imposition of an excise tax twice when insurance for reinsurance misplace from the U.S. to a foreign-company and then when the foreign company reinsures the U.S. risk. Foreign Account Tax Compliance Act - Follow implementation of FATCA which became law in March 2010. The ACT increases reporting and withholding requirements for foreign financial firms. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Menendez (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Tax Extenders: monitored possible extension of "tax extenders" of certain tax provision set to expire. Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Monitor efforts to alter tax treatment of inherited IRA's. Lobby against Department of Treasury's proposed Section 385 Debt/Equity regulations as they pertain to Foreign-based companies operating in the US.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Lobby in support of legislation blocking or supplanting the Rule.

The Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation of this legislation which would create a new systemic-risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically" important financial institutions. Follow meeting and proposed rules of the Financial Stability oversight Council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically" important financial institutions (SIFI) Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting. Lobby in favor of legislation amending FSOC's SIFI designation process. Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

401(k) Disclosure: Track Department of Labor rulemaking regarding 401 (k) fee disclosure. Argue against possible changes to the tax treatment of life insurance products.

Cascading taxes for foreign owned insurers: Advocate against measure in Congress and from the Obama Administration that would lead to imposition of an excise tax twice when insurance for reinsurance misplace from the U.S. to a foreign-company and then when the foreign company reinsures the U.S. risk. Foreign Account Tax Compliance Act - Follow implementation of FATCA which became law in March 2010. The ACT increases reporting and withholding requirements for foreign financial firms. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Menendez (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Tax Extenders: monitored possible extension of "tax extenders" of certain tax provision set to expire. Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Monitor efforts to alter tax treatment of inherited IRA's. Lobby against Department of Treasury's proposed Section 385 Debt/Equity regulations as they pertain to Foreign-based companies operating in the US.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Lobby in support of legislation blocking or supplanting the Rule. Monitor S.1086, the International Insurance Capital Standards Act.

Derivatives: monitor new rules and changes of regulation for derivatives and commodity indexed funds and activity within Congress, especially in the context of the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173 the Wall Street Reform and Consumer protection Act and its implementation. Target Date Funds: monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and Money Markets: Monitor proposed SEC regulations. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of making permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC Rulemaking implementing a provision in the Dodd-Frank Act that creates a new whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds.

401(k) Disclosure: Track Department of Labor rulemaking regarding 401 (k) fee disclosure. Argue against possible changes to the tax treatment of life insurance products.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Monitor S.1086, the International Insurance Capital Standards Act.

The Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation of this legislation which would create a new systemic-risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically" important financial institutions. Follow meeting and proposed rules of the Financial Stability oversight Council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically" important financial institutions (SIFI) Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting. Lobby in favor of legislation amending FSOC's SIFI designation process. Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Cascading taxes for foreign owned insurers: Advocate against measure in Congress and from the Obama Administration that would lead to imposition of an excise tax twice when insurance for reinsurance misplace from the U.S. to a foreign-company and then when the foreign company reinsures the U.S. risk. Foreign Account Tax Compliance Act - Follow implementation of FATCA which became law in March 2010. The ACT increases reporting and withholding requirements for foreign financial firms. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Menendez (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Tax Extenders: monitored possible extension of "tax extenders" of certain tax provision set to expire. Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Monitor efforts to alter tax treatment of inherited IRA's.

401(k) Disclosure: Track Department of Labor rulemaking regarding 401 (k) fee disclosure. Argue against possible changes to the tax treatment of life insurance products.

Derivatives: monitor new rules and changes of regulation for derivatives and commodity indexed funds and activity within Congress, especially in the context of the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173 the Wall Street Reform and Consumer protection Act and its implementation. Target Date Funds: monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and Money Markets: Monitor proposed SEC regulations. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of making permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC Rulemaking implementing a provision in the Dodd-Frank Act that creates a new whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Medicare Secondary-Payer: Through trade association, tract efforts by the Center on Medicare and Medicaid Service to implement the Medicare Secondary-payer law.

The Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation of this legislation which would create a new systemic-risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically" important financial institutions. Follow meeting and proposed rules of the Financial Stability oversight Council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically" important financial institutions (SIFI) Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting. Lobby in favor of legislation amending FSOC's SIFI designation process. Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

401(k) Disclosure: Track Department of Labor rulemaking regarding 401 (k) fee disclosure. Argue against possible changes to the tax treatment of life insurance products.

The Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation of this legislation which would create a new systemic-risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically" important financial institutions. Follow meeting and proposed rules of the Financial Stability oversight Council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically" important financial institutions (SIFI) Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting. Lobby in favor of legislation amending FSOC's SIFI designation process. Monitor efforts of the Financial Stability Board (FSB) to designate non-bank, non-insurers as Global Systemically Important Financial Institutions. Lobby in favor of increased transparency regarding the process.

Cascading taxes for foreign owned insurers: Advocate against measure in Congress and from the Obama Administration that would lead to imposition of an excise tax twice when insurance for reinsurance misplace from the U.S. to a foreign-company and then when the foreign company reinsures the U.S. risk. Foreign Account Tax Compliance Act - Follow implementation of FATCA which became law in March 2010. The ACT increases reporting and withholding requirements for foreign financial firms. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Menendez (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Tax Extenders: monitored possible extension of "tax extenders" of certain tax provision set to expire. Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Monitor efforts to alter tax treatment of inherited IRA's.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Credit-based insurance scored: Monitor legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Medicare Secondary-Payer: Through trade association, tract efforts by the Center on Medicare and Medicaid Service to implement the Medicare Secondary-payer law.

Derivatives: monitor new rules and changes of regulation for derivatives and commodity indexed funds and activity within Congress, especially in the context of the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173 the Wall Street Reform and Consumer protection Act and its implementation. Target Date Funds: monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and Money Markets: Monitor proposed SEC regulations. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of making permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC Rulemaking implementing a provision in the Dodd-Frank Act that creates a new whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds.

401(k) Disclosure: Track Department of Labor rulemaking regarding 401 (k) fee disclosure. Argue against possible changes to the tax treatment of life insurance products.

The Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation of this legislation which would create a new systemic-risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically" important financial institutions. Follow meeting and proposed rules of the Financial Stability oversight Council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically" important financial institutions (SIFI) Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting. Lobby in favor of legislation amending FSOC's SIFI designation process.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Credit-based insurance scored: Monitor legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Medicare Secondary-Payer: Through trade association, tract efforts by the Center on Medicare and Medicaid Service to implement the Medicare Secondary-payer law.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Credit-based insurance scored: Monitor legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Climate and Energy Legislation: Monitor White House, Department of Energy and Environmental Protection Agency "Better Building Initiative" monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track Reintroduction and House passage of National Flood Insurance Reform legislation in the House, H.R. 1309, track companion legislation in the Senate. Department of Labor Fiduciary Duty Rulemaking: monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary"under ERISA. Medicare Secondary-Payer: Through trade association, tract efforts by the Center on Medicare and Medicaid Service to implement the Medicare Secondary-payer law. Terrorism Risk Insurance: lobby in support to extending the Federal TRIA program.

Cascading taxes for foreign owned insurers: Advocate against measure in Congress and from the Obama Administration that would lead to imposition of an excise tax twice when insurance for reinsurance misplace from the U.S. to a foreign company and then when the foreign company reinsures the U.S. risk. Foreign Account Tax Compliance Act - Follow implementation of FATCA which became law in March 2010. The ACT increases reporting and withholding requirements for foreign financial firms. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Menendez (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S. taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Tax Extenders: monitored possible extensions of "tax extenders" of certain tax provisions set to expire. Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions. Monitor efforts to alter tax treatment of in inherited IRA's.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

The Dodd-Frank Wall street Reform and consumer Protection Act: Follow implementation of this legislation which would create a new systemic-risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically" important financial institutions. Follow meeting and proposed rules of the Financial Stability oversight Council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically" important financial institutions. (SIFI) Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting. Lobby in favor of legislation amending FSOC's SIFI designation process.

Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds and activity within Congress, especially in the context of the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC.113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173, the Wall Street Reform and Consumer Protection Act and its implementation. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and Money Markets: Monitor proposed SEC regulations. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of H.R. 4623, to make permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC Rulemaking implementing a provision in the Dodd-Frank Act that creates a new whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reofrm tort issues at the federal and state levels.

The Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation of this legislation which would create a new systemic-risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically" important financial institutions. Follow meeting and proposed rules of the Financial Stability Oversight Council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically" important financial institutions. (SIFI) Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting. Lobby in favor of legislation amending FSOC's SIFI designation process

401(k)Disclosure: Track Department of Labor rulemaking regarding 401(k)fee disclosure. Argue against possible changes to the tax treatment of life insurance products.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council. Also, lobby for robust and effective Federal insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Credit-based insurance scored: Monitor legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Climate and Energy Legislation: Monitor White house, Department of Energy and Environmental Protection Agency "Better Building Initiative" monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track Reintroduction and House passage of National Flood Insurance Reform legislation in the House, H.R. 1309, track companion legislation in the Senate. Monitor H.R. 41 raising the PIP's borrowing authority and providing direct assistance for areas affected by Hurricane Sandy. Department of Labor Fiduciary Duty Rulemaking: Monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Medicare Secondary-Payer: Through trade association, tract efforts by the Center on Medicare and Medicaid Service to implement the Medicare Secondary-payer law. Terrorism Risk Insurance: lobby in support to extending the Federal TRIA program.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reofrm tort issues at the federal and state levels.

The Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation of this legislation which would create a new systemic-risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically" important financial institutions. Follow meeting and proposed rules of the Financial Stability Overisght Council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implemnt SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically" important financial institutions. (SIFI) Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting. Lobby in favor of legislation amending FSOC's SIFI designation process.

Derivatives: Monitor new rules and changes of regultion for derivatives and commodity indexed funds and activity within Congress, especially in the context of the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under SEC.113 of Dodd-Frank. Also, track international developments regarding systemic risk designation. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173, the Wall Street Reform and Consumer Protection Act and its implementation. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and Money Markets: Monitor proposed SEC regulations. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of H.R. 4623, to make permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC Rulemaking implementing a provision in the Dodd-Frank Act that creates a new whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically imfporatnt by the Financial Stability Oversight Council. Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Credit-based insurance scored: Monitor legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Climate and Energy Legislation: Monitor White House, Deparment of Energy and Environmental Protection Agency "Better Buildng Initiative" monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track Reintroduction and House passage of National Flood Insurance Reform legislation in the House, H.R. 1309, track companion legislation in the Senate. Monitor H.R. 41 raising the PIP's borrowing authority and providing direct assistance for areas affected by Hurricane Sandy. Deparment of Labor Fiduciary Duty Rulemaking: Monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Medicare Secondary-Payer: Through trade association, tract efforts by the Center on Mediare and Medicaid Service to implement the Medicare Secondary-payer law. Terrorism Risk Insurance: Lobby in support to extending the Federal TRIA program.

401(k)discolsure: Track Department of Labor rulemaking regarding 401(k) fee disclosure. Argue against possible changes to the tax treatment of life insurance products.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds and activity within Congress, especially in the context of the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically imporant financial institutions under SEC.113 of Dodd-Frank. Also, track, international developments regarding systemic risk designation.Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173, the Wall Street Reform and Consumer Protection Act and its implementation. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and Money Markets: Monitor and see proposed SEC regulations. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of H.R. 4623, to make permanent rules related to investment by nonresident aliens in domestic Mutual funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC Rulemaking implementing a provision in the Dodd-Frank Act that creates a new whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds. Lifetime Income Disclosure: Lobby in favor of H.R. 2171, the Lifetime Income Disclosure Act. Lobby in support of DOL's Advance Notice of Proposed Rulemaking regarding Lifetime Income Illustrations' on deferred contribution plan statements.

The Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation oto this legislation which would create a new systemic-risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically"imporant financial institutions.Follow meetings and proposed rules of the Financial Stability Oversight council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically"important financial institutions. Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council.Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Holocaust insurance issues/ICHEIC: Monitored and lobbied against legislation (H.R. 890) that would allow a cause of action against U.S. insurance companies and with European affiliates that may have written life insurance policies involving Holocaust victims in contravention of international agreements and lobbied against its advancement. Credit-based insurance scored: Monitor legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Climate and energy legislation: Monitor White House, Department of Energy and Environmental Protection Agency "better Building Initiative" monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track Reintroduction and House passage of National Flood Insurance Reform legislation in the House, H.R. 1309, track companion legislation in the Senate. Monitor H.R. 41 raising the PIP's borrowing authority and providing direct assistance for areas affected by Hurricane Sandy. Broker-dealer regulatory reform/standard of care: monitor Securities and Exchange commission and Department of Labor rulemaking regarding investment advisors and broker-dealers and the fiduciary duty standard. Annuities: Track and lobby for the Lifetime Income Disclosure Act, S.267. Department of Labor Fiduciary Duty Rulemaking. Monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Medicare Secondary-Payer: Through trade association, tract efforts by the Center on Medicare and Medicaid Service to implement the Medicare Secondary-payer law. Terrorism Risk Insurance: Lobby in support to extending the Federal TRIA program.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight CouncilAlso, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Holocaust insurance issues/ICHEIC: Monitored and lobbied against legislation (H.R. 890) that would allow a cause of action against U.S. insurance companies and with European affiliates that may have written life insurance policies involving Holocaust victims in contravention of international agreements and lobbied against its advancement. Credit-based insurance scored: Monitor legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Climate and energy legislation: Monitor White House, Department of Energy and Environmental Protection Agency "Better Building Initiative" monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track Reintroduction and House passage of National Flood Insurance Reform legislation in the House, H.R. 1309, track companion legislation in the Senate. Monitor H.R. 41 raising the PIP's borrowing authority and providing direct assistance for areas affected by Hurricane Sandy. Broker-dealer regulatory reform/standard of care: monitor Securitites and Exchange Commission and Department of Labor rulemaking regarding investment advisors and broker-dealers and the fiduciary duty standard. Annuities: Track and lobby for the Lifetime Income Disclosure Act, S.267. Department of Labor Fiduciary Duty Rulemaking. Monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary"under ERISA. Medicare Secondary-Payer: Through trade association, tract efforts by the Center on Medicare and Medicaid Service to implement the Medicare Secondary-payer law. Terrorism Risk Insurance: Lobby in support of extending the Federal TRIA program.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Cascading taxes for foreign owned insurers: Advocate against measure in Congress and from the Obama Administration that would lead to iomposition of an excise tax twice when insurance for reinsurance misplaced from the U.S. to a foreign company and then when the foreign company reinsures the U.S. risk.Foreign Account Tax Compliance Act - Follow implementation of FATCA which became law in March 2010. The ACT increases reporting and withholding requirements for foreign financial firms. Exchange traded notes: for PIMCO followed issues through trade association, Investment Company Institute, ETN's are an alternative to mutual funds and enjoy a tax preference. Treasury has recently weighed in and may view this current tax treatment as not appropriate. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Menendez (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U*.S. taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Tax Extenders: monitored possible extensions of "tax extenders" of certain tax provisions set to expire. Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions.

401 (k) disclosure: Track Department of Labor rulemaking regarding 401 (k) fee disclosure. Lifetime Income Disclosure Act: Follow introduction and lobby for legislation that would require 401 (k) plan participants an annual statement projecting the monthly income that would be generated if the account balance were amortized at retirement. This is H.R. 677 in the House and S.267 in the Senate. Argue against possible changes to the tax treatment of life insurance products.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council.Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Holocaust insurance issues/ICHEIC: Monitored and lobbied against legislation (H.R. 890) that would allow a cause of action against U.S. insurance companies and with European affiliates that may have written life insurance policies involving Holocaust victims in contravention of international agreements and lobbied against its advancement. Credit-based insurance scored: Monitor legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Climate and energy legislation: Monitor White House, Department of Energy and Environmental Protection Agency "Better Building Initiative" monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track Reintroduction and House passage of National Flood Insurance Reform legislation in the House, H.R. 1309, track companion legislation in the Senate. Monitor H.R. 41 raising the PIP's borrowing authority and 0providing direct assistance for areas affected by Hurricane Sandy. Broker-dealer regulatory reform/standard of care: monitor Securities and Exchange Commission and Department of Labor rulemaking regarding investment advisors and broker-dealers and the fiduciary duty standard. Annuities: Track and lobby for the Lifetime Income Disclosure Act, S.267 and H.R. Department of Labor Fiduciary Duty Rulemaking. Monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary"under ERISA. Medicare Secondary-Payer: Through trade association, tract efforts by the Center on Medicare and Medicaid Service to implement the Medicare Secondary-payer law. Terrorism Risk Insurance: Lobby in support of extending the Federal TRIA program.

The Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation to this legislation which would create a new systemic-risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically" important financial institutions; and the Volker rule ban on proprietary trading by banking entities.Follow meetings and proposed rules of the Financial Stability Oversight council (FSOC) and the establishment of the federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically" important financial institutions." Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting.

401(k) disclosure: Track Department of Labor rulemaking regarding 401(k) fee disclosure. Lifetime Income Disclosure Act: Follow introduction and lobby for legislation that would require 401(k) plan participants an annual statement [projecting the monthly income that would be generated if the account balance were amortized at retirement. This is H.R. 677 in the House and S.267 in the Senate. Argue against possible changes to the tax treatment of life insurance products.

Cascading taxes for foreign owned insurers: Advocate against measure in Congress and from the Obama Administration that would lead to imposition of an excise tax twice when insurance for reinsurance misplaced from the U.S. to a foreign company and then when the foreign company reinsures the U.S. risk. Executive Compensation: Monitor and oppose efforts to change carried interest tax treatment.Foreign Account Tax Compliance Act - Follow implementation of FATCA which became law in March 2010. The ACT increases reporting and withholding requirements for foreign financial firms. Exchange traded notes: for PIMCO followed issues through trade association, Investment company Institute, ETN's are an alternative to mutual funds and enjoy a tax preference. Treasury has recently weighed in and may view this current tax treatment as not appropriate. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Menendez (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S. taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Tax Extenders: monitored possible extensions of "tax extenders" of certain tax provisions set to expire. Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401k contributions.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including a resolution fund for failing firms and the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight CouncilAlso, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Holocaust insurance issues/ICHEIC: Monitored and lobbied against legislation (H>R>890) that would allow a cause of action against U.S. Insurance companies with European affiliates that may have written life insurance policies involving Holocaust victims in contravention of international agreements and lobbied against its advancement. Credit-based insurance scored: Monitor legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Climate and energy legislation: Monitor white House, Department of Energy and environmental Protection Agency "Better Building Initiative" monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track Reintroduction and House passage of national Flood Insurance Reform legislation in the House, H.Q. 1309, track companion legislation in the Senate. Monitored H.Q. 41 raising the PIP's borrowing authority and providing direct assistance for areas affected by Hurricane Sandy. Broker-dealer regulatory reform/standard of care: monitor Securities and Exchange Commission and Department of labor rulemaking regarding investment advisors and broker-dealers and the fiduciary duty standard. Annuities: Track and lobby for the Lifetime Income disclosure Act, S. 267 and H.R. 677, which has been introduced in the House and Senate. Department of Labor Fiduciary Duty Rulemaking. Monitor and lobby against Department of labor rulemaking that would expand the definition of "fiduciary" under ERISA. Medicare Secondary-Payer: Through trade association, tract efforts by the Center or Medicare and Medicaid Service to implement the Medicare Secondary-payer law. Terrorism Risk Insurance: Lobby in support of extending the Federal TRIA program.

The Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation to this legislation which would create a new systemic risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically" important financial institutions; and the Volker rule ban on proprietary trading by banking entities.Follow meetings and proposed rules of the Financial Stability Oversight Council (FSOC) and the establishment of the Federal Insurance Office and consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically"important financial institutions." Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal eform tort issues at the federal and state levels.

Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds and activity within Congress, especially in the context of the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should note be designated as systemically important financial institutions under sec.113 of Dodd-Frank. Also track international developemnts regarding systemic risk designation.Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173, the Wall Street Reform and Consumer Protection Act and its implementation. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and Money Markets: Monitor and see proposed SEC regulations Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of H.R. 4623, to make permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor the SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC Rulemaking implementing a provision in the Dodd-Frank ACT that creates a new whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds. Lifetime Income Disclosure: Lobby in favor of H.R. 2171, the Lifetime Income Disclosure Act. Lobby in support of DOL's Advanced Notice of Proposed Rulemaking regarding Lifetime Income Illustration's on deferred contribution plan statements.

401 (k) disclosure: Track Department of Labor rulemaking regarding 401 (k) fee disclosure. Lifetime Income Disclosure Act: Follow introduction and lobby for legislation that would require 401 (k) plan participants an annual statement projecting the monthly income that would be generated if the account balance were amortized as retirement. this is H.R. 677 in the House and S.267 in the Senate. Argue against possible changes to the tax treatment of life insurance products.

401 (k) disclosure: Track Department of Labor rulemaking regarding 401 (k) fee Disclosure. Lifetime Income Disclosure ACT: Follow introduction and lobby for legislation that would require 401 (k) plan participants an annual statement projecting the monthly income that would be generated if the account balance were amortized as retirement. This is H.R. 677 in the House and S.267 in the Senate. Argue against possible changes to the tax treatment of life insurance products.

Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds and activity within Congress, especially in the context of the Wall Street Reform and consumer protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under sec.113 of Dodd-Frank. Also track international developments regarding systemic risk designation.Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173, the Wall Street Reform and Consumer Protection Act and its implementation. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and Money Markets: Monitor and see proposed SEC regulations. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of H.R. 4623, to make permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor the SEC's Efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC Rulemaking implementing a provision in the Dodd-Frank ACT that creates a new Whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds.

Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including a resolution fund for failing firms and the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council.Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Holocaust insurance issues/ICHEIC: Monitored and lobbied against legislation (H.R. 890) that would allow a cause of action against U.S. Insurance companies with European affiliates that may have written life insurance policies involving Holocaust victims in contravention of international agreements and lobbied against its advancement. Credit-based insurance scored: Monitor legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Climate and energy legislation: Monitor White House, Department of Energy and Environmental Protection Agency " Better Building Initiative" monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track Reintroduction and House passage of National Flood Insurance Reform legislation in the House, H.R. 1309, track companion legislation in the Senate. Monitored H.R. 41 raising the NPIP's borrowing authority and providing direct assistance for areas affected by Hurricane Sandy. Broker-dealer regulatory reform/standard of care: Monitor Securities and Exchange Commission and Department of Labor rulemaking regarding investment advisors and broker-dealers and the fiduciary duty standard. Annuities; Track and lobby for the Lifetime Income Disclosure Act, S. 267 and H.R. 677, which has been introduced in the House and Senate. Department of Labor Fiduciary Duty Rulemaking. Monitor and lobby against Department of Labor rulemaking that would expand the definition if "fiduciary" under ERISA. Medicare Secondary-Payer: Through trade association, track efforts by the Center for Medicare and Medicaid Service to implement the Medicare Secondary-payer law.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

The Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation to this legislation which would create a new systemic risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically"important financial institutions; and the Volker Rule ban on proprietary trading by banking entities.Follow meetings and proposed rules of the Financial Stability Oversight council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically important financial institutions." Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting.

H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation of this legislation which would create a new systemic risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically" important financial institutions: and the Volker Rule ban on proprietary trading by banking entities. Follow meetings and proposed rules of the Financial Stability Oversight Council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC,113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically important financial institutions." Mark to market accounting: follow SEC and SASBE action regarding guidance and clarification of mark to market accounting.

Cascading taxes for foreign owned insurers: Advocate against measure in Congress and from the Obama Administration that would lead to imposition of an excise tax twice when insurance for reinsurance is placed from the U.S. to a foreign company and then when the foreign company reinsures the U.S. Risk. Executive Compensation: Monitor and oppose efforts to change carried interest tax treatment. Foreign Account Tax Compliance Act - Follow implementation of FATCA which became law in March 2010. The Act increases reporting and withholding requirements for foreign financial firms. Exchange traded notes: for PIMCO followed issues through trade association, Investment Company Institute, ETN's are an alternative to mutual funds and enjoy a tax preference. Treasury has recently weighed in and may view this current tax treatment as not appropriate. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Entendre (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pa U.S. Taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Tax Extenders: Monitored possible extensions of "tax extenders" of certain tax provisions set to expire.

401 (k) disclosure: Track Department of Labor rulemaking regarding 401 (k) fee Disclosure. Lifetime Income Disclosure ACT: Follow introduction and lobby for legislation that would require 401(k) plan participants an annual statement projecting the monthly income that would be generated if the account balance were amortized as retirement. This is H.R. 677 in the House and S.267 in the Senate. Argue against possible changes to the tax treatment of life insurance products.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds and activity within Congress, especially in the context of H.R. 4173, the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under sec.133 of Dodd-Frank. Also track international developments regarding systemic risk designation. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173, the Wall Street Reform and Consumer Protection Act and its implementation. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and Money Markets: Monitor and see proposed SEC regulations. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of H.R. 4623, to make permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor the SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC rulemaking implementing a provision in the Dodd-Frank Act that creates a new Whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds.

Cascading taxes for foreign owned insurers: Advocate against measure in Congress and from the Obama Administration that would lead to imposition of an excise tax twice when insurance for reinsurance is placed from the U.S. to a foreign company and then when the foreign company reinsures the U.S. risk. Executive Compensation: Monitor and oppose efforts to change carried interest tax treatment. Foreign Account Tax Compliance Act - Follow implementation of FATCA which became law in March, 2010. The Act increases reporting and withholding requirements for foreign financial firms. Exchange traded notes: for PIMCO followed issues through trade association, Investment Company Institute, ETN's are an alternative to mutual funds and enjoy a tax preference. Treasury has recently weighed in and may view this current tax treatment as not appropriate. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Entendre (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S. Taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Tax Extenders: Monitored possible extensions of "tax extenders" of certain tax provision set to expire.

401 (k) fee disclosure: Tract Department of Labor rulemaking regarding 401 (k) fee disclosure. Lifetime Income Disclosure Act: Follow introduction and lobby for legislation that would require 401 (k) plan participants an annual statement projecting the monthly income that would be generated if the account balance were amortized as retirement. This is H.R. 677 in the House and S.267 in the Senate. Argue against possible changes to the tax treatment of life insurance products.

Financial Services Regulatory Reform: Lobby for favorable implementation of H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act regarding insurers, including a resolution fund for failing firms, and the possible designation of insurers and asset management companies as systemically important by the Financial Stability oversight Council. Also, follow the appointment of the Director of the Federal Insurance office and how the mandates for this office are being implemented. Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Holocaust insurance issues/ICHEIC: Monitored and lobbied against legislation (H.R. 890) that would allow a cause of action against U.S. Insurance companies with the European affiliates that may have written life insurance policies involving Holocaust victims in contravention of international agreements and lobbied against it advancement. Credit-based insurance scored: Monitor possible reintroduction of legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Climate and energy legislation: Monitored White House, Department of Energy and Environmental Protection Agency "Better Building Initiative", monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track reintroduction and House passage of National Flood Insurance Reform legislation in the House, H.R. 1309, track companion legislation in the Senate. Also track short term extension of the NFIP. Broker-dealer regulatory reform/standard of care: Monitor Securities and Exchange Commission and Department of Labor rulemaking regarding investment advisors and broker-dealers and the fiduciary duty standard. Annuities: Track and lobby for the Lifetime Income Disclosure Act, S.267 and H.R. 677, which has been introduced in the House and Senate. Department of Labor Fiduciary Duty Rulemaking. Monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Medicare Secondary-Payer: Through trade association, track efforts by the Center for Medicare and Medicaid Service to implement the Medicare Secondary-payer law.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation of this legislation which would create a new systemic risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically" important financial institutions: and the Volker Rule ban on proprietary trading by banking entities. Follow meetings and proposed rules of the Financial Stability Oversight Council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically important financial institutions." Mark to market accounting: follow SEC and SASBE action regarding guidance and clarification of mark to market accounting.

Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.

Financial Services Regulatory Reform: Lobby for favorable implementation of H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act regarding insurers, including a resolution fund for failing firms, and the possible designation of insurers and asset management companies as systemically important by the Financial Stability oversight Council Also, follow the appointment of the Director of the Federal Insurance Office and how the mandates for this office are being implemented. Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy of the implementation of Dodd-Frank. Holocaust insurance issues/ICHEIC: Monitored and lobbied against legislation (H.R. 890) that would allow a cause of action against U.S. Insurance companies with the European affiliates that may have written life insurance policies involving Holocaust victims in contravention of international agreements and lobbied against it advancement. Credit-based insurance scored: Monitor possible reintroduction of legislation that world restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Climate and energy legislation: Monitored White House, Department of Energy and Environmental Protection Agency "Better Building Initiative", monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood insurance: Track reintroduction and House passage of National Flood Insurance Reform legislation in the House, H.R. 1309, track companion legislation in the Senate. Also track short term extension of the NFIP. Broker-dealer regulatory reform/standard of care: Monitor Securities and Exchange Commission and Department of Labor rulemaking regarding investment advisors and broker-dealers and the fiduciary duty standard. Annuities: Track and lobby for the Lifetime Income Disclosure Act, S. 267 and H.R. 677, which has been introduced in the House and Senate. Department of Labor Fiduciary Duty Rulemaking. Monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Medicare Secondary-Payer: Through trade association, track efforts by the Center for Medicare and Medicaid Service to implement the Medicare Secondary-payer law.

Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds, and activity within Congress, especially in the context of H.R. 4173, the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under sec. 113 of Dodd-Frank. Also track international developments regarding systemic risk designation. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173, the Wall Street Reform and Consumer Protection Act and its implementation. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and Money Markets: Monitor and see proposed SEC regulations Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of H.R. 4623, to make permanent rules related to investment by nonresident aliens in domestic Mutual Funds. Fiduciary Duty: Monitor the SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC rulemaking implementing a provision in the Dodd-Frank Act that creates a new Whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds.

Cascading taxes for foreign owned insurers: Advocate against measure in Congress and from the Obama Administration that would lead to imposition of an excise tax twice when insurance for reinsurance is placed from the U.S. to a foreign company and then when the foreign company reinsures the U.S. risk. Executive Compensation: Monitor and oppose efforts to change carried interest tax treatment. Foreign Account Tax Compliance Act - Follow implementation of FATCA which became law in March, 2010. The Act increases reporting and withholding requirements for foreign financial firms. Exchange traded notes: for PIMCO followed issues through trade association, Investment Company Institute, ETN's are an alternative to mutual funds and enjoy a tax preference. Treasury has recently weighed in and may view this current tax treatment as not appropriate. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Entendre (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S. Taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Tax Extenders: Monitored possible extension of "tax extenders" of certain tax provision set to expire.

Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds, and activity within Congress, especially in the context of the HR 4173, the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically important financial institutions under sec. 113 of Dodd-Frank. Also track international developments regarding systemic risk designation. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173, the Wall Street Reform and Consumer Protection Act and its implementation. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and money markets: Monitor and see proposed SEC regulations. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Fiduciary Duty-Monitor the SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC rulemaking implementing a provision in the Dodd-Frank Act that creates a new Whistleblower program with the agency. CFTC: Argue against rule that would impose posisiton limits on commodity index mutual funds.

Cascading taxes for foreign-owned insurers: Advocate against measure in Congress and from the Obana Administration that would lead to imposition of an excise tax twice when insurance for reinsurance is poaced from the U.S. to a foreign company and then when the foreign company reinsurers the U.S. risk. Executive Compensation: Monitor and oppose efforts to change carried interest tax treatment. Foreign Account Tax Compliance Act - Follow implementation of FATCA which became law in March, 2010. This Act increases reporting and withholding requirements for foreign financial firms. Exchange traded notes: for PIMCO followed issues through trade association, Investment company Institute, ETN's are an alternative to mutual funds and enjoy a tax preference. Treasury has recently weighed in and may view this current tax treatment as not appropriate. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Entendre (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S. Taxes from taking deduction for "excel reinsurance premiums: for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Tax Extenders: Monitored possible extension of "tax extenders" of certain tax provision set to expire.

H.R. 4173, the Dodd-Grank Wall Street Reform and Consumer Protection Act: Follow implementation of this legislation which would create a new systemic risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms a s "ststemically important financial institutions: and the Volker Rule ban on proprietary tradeing by banking entities. Follow meetings and proposed rules of the Financial Stability Oversight Council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically important financial institutions." Mark to market accounting: follow SEC and SASBE action regarding guidance and clarification of mark to market accounting.

401(k) fee disclosure: Track Department of Labor rulemaking regarding 401(k) fee disclosure. Lifetime Income Disclosure Act: Follow introduction and lobby for legislation that would require 401(k) plan participants an annual statement projecting the monthly income that would be generated if the account balance were amortized as retirement. This is H.R. 677 in the House and S.267 in the Senate. Argue against possible changes to the tax treatment of life insurance products.