CATHY NYCE

R-411006 - would require companies to provide a consumer with notice and an opportunity to opt-out before consumer reports are shared with an affiliate for marketing purposes. Final rule has not been issued. FTC and Federal Reserve Board's (Fed) proposed interim and final rulemaking to implement Public Law 108-159, Fair and Accurate Credit Transactions Act, that estalishes uniform national standards for certain consumer credit insurance and employment transactions. P-044804 and R-1023 require the FTC and Fed to conduct a study on the effects of credit scores and credit-based insurance scores on the availability of financial products. Final study has not been issued. Office of Thrift Supervision's proposed rules to implement Public Law 108-159, Fair and Accurate Credit Transactions Act, that establishes uniform national standards for certain consumer credit, insurance and employment transactions. Docket No. 204-31 would require companies to provide a consumer with notice and an opportunity to opt-out before consumers' reports are shared with an affiliate for marketing purposes. Final rule has not been issued. H.R. 3997, Financial Data Protection Act and S. 3568, Data Security Act of 2006 would impose notice requirements on entities when an individual's sensitive information has been subjected to security breach. Federal Trade Commission's (FTC) proposed rules to implement Public Law 108-159, Fair and Accurate Credit Transactions Act, that establishes uniform national standards for certain consumer credit insurance and employment transactons.

The application of proposed Internal Revenue Code Section 409A regulations on nonqualified deferred compensation. With respect to independent contractor agents and the definition of "separation from service."

guidelines for the federal agencies regulating the industry. S. 2856, a narrower bill, passed and was signed into law 10/31/2006. The legislation was passed by Congress as the Financial Services Regulatory Relief Act of 2006. It is Public Law 109-351. Worked with House Financial Services Committee and Senate Banking Committee on legislation that would modify and/or eliminate a number of outdated laws that govern the financial services industry (banks, thrifts and credit unions) and would establish clearer

Postal Reform, H.R. 22 and S. 662/Public Law 109-435 - reforms the USPS pension system and modernizes our postal system, particularly as related to large corporate users of the system.

Implementation of Public Law 109-144, Terrorism Risk Insurance Act Extension - extends the TRIA law's provisions for two years. Discussion re further extension of the Act. Flood Insurance Modernization and Reform Act of 2006 - H.R. 4973, S. 3589 and the related issue of whether companies participating as "Write Your Own" carriers for the National Flood Insurance Program have properly processed claims arising out of the 2005 hurricanes. Improving the efficiency of the current regulatory system, whether by modifying the existing state system or creating an optional federal charter for insurance companies. National Insurance Act of 2006 - S. 2509/H.S. 6225.

H.R. 2830, Pension Protection Act would reform outdated worker pension laws to protect the interests of workers, retirees and taxpayers. Passed in House, December 15, 2005. Passed by Senate, March 3, 2006. Included in Pension Reform Act of 2006, Public Law 109-280.

S. 852, Fairness in Asbestos Injury Resolution Act of 2005 would establish a trust fund, financed from contributions made by defendant companies and insurers, to pay claims arising from physical injuries linked to asbestos.