mr PETER LEFKIN

H.R.7024 the Tax Relief for American Families and Workers Act of 2024. 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. Corporate State and Local Tax Deduction - impact on insurers Section 899 - Taxation of Foreign Owned US Corporations

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.

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.

H.R.7024 the Tax Relief for American Families and Workers Act of 2024. 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.

Department of Labor Retirement Security Rule. Monitor SEC's Regulation Best Interest. 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

Department of Labor Retirement Security Rule. Monitor SEC's Regulation Best Interest. 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

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.

Monitor SEC's Regulation Best Interest. 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

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.

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.

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.

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 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. This Act increases reporting and withholding requirements for foreign financial firms. Exchange traded notes: for PIMCO followed issues through trade association, Investment Company Institute, ETNs 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.

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 required 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 by the "Super Committee" tasked with long-term deficit reduction or comprehensive tax reform to be undertaken next year.

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 "FLATCAR" 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, Etna's are an alternative to mutual funds and enjoy a tax preference. Treasury has recently weighted 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 Seen. 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 committee that would change existing tax laws and increase tax requirements for life insurance.

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.

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 within the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds.

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. Follow meetings and proposed rules of the Financial Stability oversight Council (FSOC) and the establishment of the Federal Insurance Office and Cons8umer 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 FASBE action regarding guidance and clarification for mark to market accounting.

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 mutual funds should not be designated as systemically important financial institutions under Sec. 113 of Dodd-Frank. 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 DO:'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 within the agency. CFTC: Argue against imposing position limits on commodity index mutual funds.

401 (k) fee disclosure: Trade Department of labor rulemaking regarding 401 (k) fee disclosure. Lifetime Income Disclosure Act: Follow introduction of 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.

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 as systemically important by the Financial Stability Oversight Council. Also, followed inclusion of section to create a Federal Insurance Office at Treasury including the appointment of that office's Director, Also with trade associations,commented on notice of Proposed Rulemaking by the Financial Stability oversight Council for systemic risk regulation of nonbank firms. Also, lobby for robust and effective Federal Insurance Office. Also, with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. annuities/Suitability: followed implementation of amendments to H.R. 4173 that helps confirm that fixed index annuities are insurance products to be regulated by states. Holocaust insurance issues/ICHEIC: Monitored the reintroduction of legislation 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. Credit-based insurance scores: Monitor and lobbied 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 Buildings initiative." Monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track reintroduction of National Flood Insurance Reform Legislation in the House, H.R. 1509. State Bankruptcy: Also with trade associations, monitor efforts by some members of congress to allow states to file for bankruptcy protection. Broker-dealer regulatory reform/standard of care: Monitor Securities and Exchange Commission and Department of Labor rulemaking and investment advisors and the fiduciary duty standard. Annuities: Support H.R. 2748, the Retirement Security Needs Lifetime Payment Act of 2009 and monitor through trade association.

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 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. This Act increases reporting and withholding requirements for foreign financial firms. Exchange traded notes: for PIMCO followed issue through trade association, Investment Company Institute, ETN's are an alternative to mutual funds and enjoy a tax preference. Treasury has recently weighted in and may view this current tax treatment as not appropriate. Related-party reinsurance taxation: Advocate against legislation introduced in previous Congress by Rep. Richard Neal (D-MA) 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 Obama Administration tax proposals that would change existing tax laws and increase tax requirements for life insurance.

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 treatment of insurers under the "Volcker rule" ban on proprietary trading and investment in hedge and private equity funds. Also, followed inclusion of section to create a Federal insurance Office at Treasury including the appointment of that office's Director. Along with trade associations, commented on notice of Proposed Rulemaking by the Financial Stability oversight Council for systemic risk regulation of nonbank firms. Also, lobby for robust and effective Federal insurance Office. Also, with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Annuities/Suitability: followed implementation of amendments to H.R. 4173 that helps confirm that fixed index annuities are insurance products to be regulated by states. Holocaust insurance issues/ICHEIC: Monitored the reintroduction of legislation 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. Credit-based insurance scores: Monitor and lobbied 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 Buildings initiative." Monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track drafting reintroduction of national Flood Insurance Reform legislation. State Bankruptcy: Along with trade associations, monitor efforts by some members of Congress to allow states to file for bankruptcy protection. Broker-dealer regulatory reform/standard of care: Monitor Securities and Exchange Commission and Department of Labor rulemaking and investment advisors and the fiduciary duty standard. Annuities: Support H.R. 2748, the Retirement Security Needs Lifetime Payment Act of 2009 and monitor through trade association.

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 HR 4173, the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. 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. Proprietary Trading: Along with trade associations, monitor implementation of the "Volcker Rule", included as part of HR 4173, the Wall Street Reform and Consumer Protection Act. This will restart the ability of some institutions to engage in proprietary trading and investing in hedge and private equity funds. Fiduciary Duty - Monitor the SEC's efforts to establish a uniform fiduciary duty standard for investment advisers and broker-dealers Whistleblower Program: Monitor and oppose SEC rulemaking implementing a provision in the Dodd-Frank Act that creates a new Whistleblower program within the agency.

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. The IRS issued a ruling of this in March (IRS ruling 2009-15). 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 issue 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, H.R. 3424 by Rep. Richard Neal (D-MA). This legislation would prohibit offshore reinsurance affiliates of insurance companies not required to pay U.S. taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose Obama Administration tax proposals that would change existing tax laws and increase tax requirements for life insurance. Monitor and oppose provision in "tax extenders" legislation (HR 4213, the American Jobs and Closing Tax Loopholes Act) that would increase taxes on carried interest. Monitor extension of Bush-era tax cuts, H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

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 treatment of insurers under the "Volcker rule" ban on proprietary trading and investment in hedge and private equity funds. Also, followed inclusion of section to create a Federal Insurance Office at Treasury. Along with trade associations, commented on advanced notice of Proposed Rulemaking by the Financial Stability Oversight Council for systemic risk regulation of nonbank firms. Also, lobby for robust and effective Federal Insurance Office. Also, with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Annuities/Suitability: Followed implementation of amendments to H.R. 4173 that helps confirm that fixed index annuities are insurance products to be regulated by states. Holocaust insurance issues/ICHEIC: Lobbied against the possible reintroduction of legislation 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. Credit-based insurance scores: Monitored and lobbied 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 the progress of HR 2454, the American Clean Energy and Security Act of 2009/ Also through consultants, lobbied for passage of "home Star" legislation to provide incentives for residential energy efficiency retrofits. Also, lobbied for "Building Star" legislation, which would provide similar incentives for community building energy efficient retrofits. Municipal bond legislation: Monitor municipal bond legislation, specifically H.R. 2589, the Municipal Bond Insurance Enhancement Act of 2009, HR 2549, Municipal Bond Fairness Act, Municipal Bond Liquidity Act: and Municipal Financial Advisors Regulation Act. Right to Repair Act, H.R. 2057: support for bill which would enhance consumers' ability to take automobiles to independent shops for repairs. Broker-dealer regulatory reform: Monitor financial regulatory reform as it relates to broker-dealer and their existing regulation under the financial Industry Regulatory Authority (FINRA). Agents and Brokers: support NARABII: H.R. 2554, the National Association of Registered Agents and Brokers Reform Act of 2009. Annuities: Support HR 2748, the Retirement Security Needs Lifetime Payment Act of 2009 and monitor through trade association.

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 HR 4173, the Wall Street Reform and Consumer Protection Act and implementation by the CFTL. Hedge funds and private equity: Monitor S.244 Hedge Fund Transaprency Act, S.12276 Private Fund Transparency Act of 2009. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in HR 4173, the Wall Street Reform and Consumer Protection Act and its implementation. Senior Investor Protection Act, S.906: Monitor legislation designed to protect seniors wishing to buy financial products from unqualified advisors; monitor together with trade associations. 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, GROWTH act S.1082. Proprietary Trading: Along with trade associations, monitor implementation of the "Volcker Rule", included as part of HR 4173, the Wall Street Reform and Consumer Protection Act. This will restart the ability of some institutions to engage in proprietary trading and investing in hedge and private equity funds.

TARP: Followed developments regarding the Troubled Asset Relief Program at Treasury. Money market guaranty program: follow creation of Treasury Department money market guaranty program after concern about the financial stability of the Reserve Management Corporations Primary Fund. Bailout/Economic Recovery Legislation: Follow implementation of H.R. 1924 the "Emergency Economic Stabilization Act of 2008". The bill which Allianz of America supported, authorizes the U.S. Government to purchase up to $700 billion of troubled assets from financial institutions, the bill also included tax extender provisions which Allianz supported. H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act, follow action this legislation in the House and Senate which would create a new systemic risk regulation for systemically-significant firms and a resolution mechanism for failing firms. The President signed it into law on July 21, 2010. Follow the beginning of the implementation process, including the formation of the consumer Financial Protection Bureau, the Federal Insurance Office, and the Financial Stability Oversight Council. Mark to market accounting: follow SEC and FASBE action regarding guidance and clarification for mark to market accounting, financial services regulatory reform: followed discussions within Congress and the Administration to reform the financial services regulatory system, including "cram-down" legislation to create a resolution authority for failing firms systemic risk legislation, and a new consumer financial protection agency.

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. The IRS issued a ruling on this in March (IRS ruling 2009-15). 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. This ACT increases reporting and withholding requirements for foreign financial firms. Exchange traded notes: for PIMCO followed issue through trade association, Investment Company Institute, ETNs 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, H.R. 3424 by Rep. Richard Neal (D-MA). this legislation would prohibit offshore reinsurance affiliates of insurance companies not required to pay U.S. taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Let Wall Street Pay tax proposal: Oppose provision of HR 1068, the Let Wall Street Pay for Wall Street's Bailout Act of 2009, that would tax securities transfer and transactions. Monitor and oppose Obama Administration tax proposals that would change existing tax laws and increase tax requirements for life insurance. Monitor and oppose provision in "tax extenders" legislation (HR 4213, the American Jobs and Closing Tax Loopholes Act) that would increase taxes on carried interest.

Annuities: followed SEC action on rule to bring equity-indexed annuities under the SEC's regulatory purviews and an amendment to the Dodd-Frank Act, HR 4173 that effectively overturned this rule. Proposed rule: "indexed annuities and certain other insurance contacts," release number 33-8933, also followed litigation in opposition to rule. Commodities: Monitor action of the CFTC and Congress on speculation in the energy markets. Short Selling: Followed SEC's action regarding reinstating the uptick rule for short selling. Hedge funds and private equity: Monitor S.244 hedge Fund Transparency Act, S.12276 Private Fund Transparency Act of 2009. Consumer Financial Protection Bureau: Monitor inclusion of this new agency in HR 4173, The Wall Street Reform and Consumer Protection Act and its implementation. 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. Senior Investor Protection Act, S.906: Monitor legislation designed to protect seniors wishing to buy financial products from unqualified advisors; monitor together with trade associations. 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, GROWTH act S. 1082. Proprietary Trading - follow provision in HR 4173, the Wall Street Reform and Consumer Protection Act that would restrict the ability of some institutions to engage in proprietary trading and investments in hedge or private equity funds.

401 (k) fee disclosure: Oppose legislation that would require 401 (k) plan administrators to reveal charges associated with four categories of fees; administrative fees, investment management fees, transaction fees, and other costs. 401 (k) automatic enrollment: through trade associations, support efforts to expand automatic 401 (k) enrollment for workers. Also oppose efforts to include these provisions in "tax extended" legislation.

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 against certain provisions in H.R. 4173, The Wall Street Reform and Consumer Protection Act, that would affect insurers, including a resolution fund for failing firms. worked with other foreign owned U.S. Insurance companies to provide protection against potential discrimination against US affiliates. Also, lobby for robust and effective Federal Insurance Office. The final legislation passed the House in late June. Annuities/Suitability: Advocated against rule 151A, adapted by the U.S. Securities and Exchange Commission. Lobbied both Congress and the SEC. this rule would make certain fixed annuities subject to federal securities laws. Lobbied for an amendment to H.R. 7173 that helps confirm that fixed index annuities are insurance products. Holocaust insurance issues/ICHEIC: Lobbied against the possible reintroduction of legislation 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. Credit-based insurance scores: Lobbied against the reintroduction of legislation that would restrict the ability of personal lines insurers to used credit information of underwriting or setting rates. Flood and national catastrophe insurance: In participation with a coalition, lobbied House and Senate staff to oppose legislation that would expand the national Flood Insurance Program to include wind insurance, specifically H.R. 1264 the Multiple Peril Insurance Act of 2009. Also lobbied against legislation to create a national back stop for natural catastrophe insurance. Lobbied for H.R. 3026, H.R. 3027 and H.R. 3028 which funds insurance grants and loans for federal mitigation programs, as well as the American Power Act in the Senate. Climate and energy legislation: Monitored the progress of HR 2454, the American Clean Energy and Security Act of 2009. Also through consultants, lobbied for passage of "Home Star" legislation to provide incentives for residential energy efficiency retrofits. Also, lobbied for "Building Star" legislation, which would provide similar inventive's for community building energy efficient retrofits. Municipal bond legislation: Monitor municipal bond legislation, specifically HR 2589, the Municipal Bond Insurance Enhancement Act of 2009, HR 2549, Municipal Bond Fairness Act, Municipal Bond Liquidity Act: and Municipal Financial Advisors Regulation Act. Right to Repair Act, HR 2057: support for bill which would enhance consumers' ability to take automobiles to independent shops for repairs. Broker-dealer regulatory reform: Monitor financial regulatory reform as it relates to broker-dealer and their existing regulation under the Financial Industry Regulatory Authority (FINRA). Surplus insurance lines: Monitor progress and support HR 2571, the Nonadmitted and Reinsurance Reform Act and its inclusion in financial services reform legislation. State jurisdiction over annuity products: support the continuing of state jurisdictions over fixed annuities: HR 2733, Fixed Indexed Annuities and Insurance Products classification Act of 2009, as well as an amendment to financial services reform based on this legislation. Agents and Brokers: support NARABII: HR2554, the National Association of registered Agents and Brokers Reform Act of 2009. Annuities: Support HR 2748, the Retirement Security Needs Lifetime Payment Act of 2009 and monitor through trade association.

401 (k) fee disclosure: Oppose legislation that would require 401 (k) plan administrators to reveal charges associated with four categories of fees; administrative fees, investment management fees, transaction fees, and other costs. 401 (k) automatic enrollment: through trade associations, support efforts to expand automatic 401 (k) enrollment for workers. Also oppose efforts to include these provisions in "tax extended" legislation.

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

TARP: Followed developments regarding the Troubled Asset Relief Program at Treasury. Money market guaranty program: follow creation of Treasury Department money market guaranty program after concern about the financial stability of the Reserve Management Corporations Primary Fund. Bailout/Economic Recovery Legislation: Follow implementation of H.R. 1924 the "Emergency Economic Stabilization Act of 2008". The bill which Allianz of America supported, authorizes the U.S. Government to purchase up to $700 billion of troubled assets from financial institutions. the bill also included tax extender provisions which Allianz supported. H.R. 4173, the Wall Street reform and Consumer Protection Act, follow action on this legislation in the House-Senate Conference, which would create a new systemic risk regulation for systemically-significant firms and a resolution mechanism for failing firms. Mark to market accounting: follow SEC and FASBE action regarding guidance and clarification for mark to market accounting. financial Services regulatory reform: followed discussions within Congress and the Administration to reform the financial services regulatory system, including "cram-down" legislation to create a resolution authority for failing firms systemic risk legislation, and a new consumer financial protection agency.

Annuities: followed SEC action on rule to bring equity-indexed annuities under the SEC's regulatory purviews. Proposed rule: "indexed Annuities and certain other insurance contacts." release number 33-8933. also followed litigation in opposition to rule. Commodities: Monitor action of the CFTC and Congress on speculation in the energy markets. Short Selling: Followed SEC's action regarding reinstating the uptick rule for short selling. Hedge funds and private equity: Monitor S.244 Hedge Fund Transparency Act, S.12276 Private Fund Transparency Act of 2009. Consumer Financial Protection Agency: Monitor inclusion of this new agency in H.R. 4173, the Wall Street Reform and Consumer Protection 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 H.R. 4173, the Wall Street Reform and Consumer Protection Act. Senior Investor Protection Act, S.906: Monitor legislation designed to protect seniors wishing to buy financial products from unqualified advisors; monitor together with trade associations. 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, GROWTH act S. 1082. Proprietary Trading - Follow provisions in H.R. 4173, the Wall Street Reform and consumer Protection Act that would restrict the ability of some institutions to engage in proprietary trading and investments in hedge or private equity funds.

Financial Services Regulatory Reform: Lobby against certain provision in the Restoring American Financial Stability Act of 2010 that would affect insurers, including a resolution fund for failing firms. worked with other foreign owned U.S. Insurance companies to provide protection against potential discrimination against US affiliates. Also, lobby for robust and effective Office of National Insurance. Also, monitored member positions in the House on H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009, which passed the House of Representatives in December. Long Term Care Insurance: through trade association to oppose inclusion of Class Act, which would create a federal long-term care insurance program, in health care reform package. Annuities/Suitability: Advocated against rule 151A, adapted by the U.S. Securities and Exchange Commission. Lobbied both Congress and the SEC. This rule would make certain fixed annuities subject to federal securities laws. Holocaust insurance issues/ICHEIC: Lobbied against the possible reintroduction of legislation that would create a new cause of action against U.S. insurance companies with European affiliates that may have written life insurance policies involving Holocaust victims. The bill could also require any European insurer with policies written between 1990 and 1945 that may have involved holocaust victims to disclose all files on the policies, including names, to the U.S. Credit-based insurance scores: Lobbied against the reintroduction of legislation that would restrict the ability of personal lines insurers to used credit information of underwriting or setting rates. McCarran-Ferguson Reform: follow and oppose the inclusion of medical malpractice insurance in H.R. 4626, The Health Insurance Fair Competition Act, which would repeal the McCarran-Ferguson Act for health insurance. The McCarran-Ferguson Act provides insurers a limited exemption from federal antitrust law. Also oppose any similar efforts in the Senate. Flood and national catastrophe insurance: In participation with a coalition, lobbied House and Senate staff to oppose legislation that would expand the national Flood Insurance Program to include wind insurance, specifically H.R. 1264 the Multiple Peril Insurance Act of 2009. Also lobbied against the reintroduction of legislation to create a national back stop for natural catastrophe insurance. Also incorporated climate change arguments into natural catastrophe insurance lobbying efforts and promoted Fireman's Fund green products with Congressional staff and S.886, the catastrophe Obligation Guarantee Act. Lobbied for H.R.3026, H.R. 3027 and H.R. 3028 which funds insurance grants and loans for federal mitigation programs. Climate and energy legislation: Monitored the progress of HR 2454, the American clean Energy and Security Act of 2009. Also, through consultants, lobbied for passage of"Home Star" legislation to provide incentives for residential energy effiency retrofits. Also, lobbied for "building Star" legislation, which would provide similar incentives for community building energy efficient retrofits. Municipal bond legislation: Monitor municipal bond legislation, specifically HR 2589, the Municipal bond Insurance Enhancement Act of 2009, HR 25249, Municipal Bond Fairness Act, Municipal Bond Liquidity Act; and Municipal Financial Advisors Regulation Act. Right to Repair Act, HR 2057: support for bill which would enhance consumers' ability to take automobiles to independent shops for repairs. Broker-dealer regulatory reform: Monitor financial regulatory reform as it relates to broker-dealer and their existing regulation under the financial Industry Regulatory Authority (FINRA). Surplus insurance lines: Monitor progress and support HR 2571, the Nonadmitted and Reinsurance Reform Act and its inclusion in financial services reform legislation. State jurisdiction over annuity products: Support the continuing of state jurisdiction over fixed annuities: H.R. 2733, Fixed Indexed Annuities and Insurance Products classification Act of 2009. Agents and Brokers: Support NARABII: H.R. 2554, the National Association of registered Agents and Brokers Reform Act of 2009. Annuities: Support HR 2748, the Retirement Security Needs Lifetime Payment Act of 2009 and monitor through trade association.

Cascading taxes for foreign-owned insurers: Advocate against measures 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 reinsurers the U.S. risk. The IRS issued a ruling on this in March (IRS Ruling 2009-15). Executive Compensation: Monitor and oppose efforts to change carried interest tax treatment. Exchange traded notes: For PIMCO followed issue through trade association Investment company Institute, EIN'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. reinsurance taxation: Advocate against the introduction of legislation. This legislation would prohibit offshore reinsurance affiliates of insurance companies not required to pay U.S. taxes from taking deduction for "excel reinsurance premiums" for domestic risks. Let Wall Street Pay tax proposal: Oppose provision of H.R. 1068, the Let Wall Street Pay for Wall Street's Bailout Act of 2009, that would tax securities transfer and transactions. Monitor and oppose Obama Administration tax proposals that would change existing tax laws and increase tax requirements for life insurance. Monitor and oppose provision in heath insurance reform package that would tax unearned income such as annuities.

Annuities: Followed SEC action on rule to bring equity-indexed annuities under the SEC's regulatory purviews. Proposed rule: "indexed Annuities and certain other insurance contacts." Release number: 33-8933. also followed litigation in opposition to rule. commodities: Monitor action of the CFTC and Congress on speculation in the energy markets. Short Selling: Followed SEC's action regarding reinstating the uptick rule for short selling. Hedge funds and private equity: Monitor S.244 Hedge fund Transparency Act; S.12276 private Fund Transparency Act of 2009. Consumer Financial Protection Agency: Monitor inclusion of this new agency in H.R.4193, the Wall Street Reform and Consumer Protection Act and in parallel Senate legislation, the Restoring American Financial Stability 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 H.R. 4173, the Wall Street Reform and Consumer Protection Act of 2009 and parallel legislation in the Senate, the Restoring American Financial Stability Act. Senior Investor Protection Act, S.906: monitor legislation designed to protect seniors wishing to buy financial products from unqualified advisors; monitor together with trade associations. 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, GROWTH act S. 1082.

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

Annuities: Followed SEC action on rule to bring equity-indexed annuities under the SEC's regulatory purviews. Proposed rule: 'indexed Annuities and certain other insurance contacts." Release number: 33-8933. Also followed litigation in opposition to rule. Commodities: Monitor action of the CFTC and Congress on speculation in the energy markets Short Selling: Followed SEC's action regarding reinstating the uptick rule for short selling. Hedge funds and private equity: Monitor S.344 Hedge Fund Transparency Act; S.1276 private Fund Transparency Act of 2009. Consumer Financial Protection Agency: Monitor H.R. 3126, legislation to create a new agency to oversee the financial services industry. Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds, and activity within Congress, especially in the context of the H.R.4173, the Wall Street Reform and Consumer Protection Act of 2009. Senior Investor Protection Act, S.906: monitor legislation designed to protect seniors wishing to buy financial products from unqualified advisors; monitor together with trade association. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. Credit default swap regulation: Monitor S.961 Authorizing the Regulation of Swaps Act Restructuring of the commodity Futures Trading Commission; Monitor Obama Administration proposals. 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, GROWTH act, S. 1082.

Mark to market accounting: follow SEC and FASBE action regarding guidance and clarification for mark to market accounting. Financial Services regulatory reform: Followed discussions within congress and the Administration to reform the financial services regulatory system, including "cram-down" legislation, legislation to create a resolution authority for non-bank entities, and potential systemic risk legislation. TARP: Followed developments regarding the Troubled Asset Relief Program at Treasury. Money market guaranty program: follow creation of treasury Department money market guaranty program after concern about the financial stability of the Reserve Management Corporations Primary Fund. Bailout/Economic Recovery Legislation: Follow implementation of H.R. 1924 the "Emergency Economic Stabilization Act of 2008". The bill which Allianz of America supported, authorizes the U.S. Government to purchase up to $700 billion of troubled assets from financial institutions. The bill also included tax extender provisions which Allianz supported. H.R. 4173, the Wall Street reform and Consumer Protection Act of 2009, follow action on this legislation, which would create a new systemic risk regulation for systemically-significant firms and a resolution mechanism for failing firms.

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 measures 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. The IRS issued a ruling on this in March (IRS Ruling 2009-15). Exchange traded notes: For PIMCO followed issue through trade association Investment Company Institute. EIN'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. Reinsurance taxation: Advocate against the introduction of legislation. This legislation would prohibit offshore reinsurance affiliates of insurance companies not required to pay U.S. taxes from taking deduction for "excel reinsurance premiums" for domestic risks. Let Wall Street Pay tax proposal: Oppose provision of H.R. 1068, the Leg Wall Street Pay for Wall Street's Bailout Act of 2009, that would tax securities transfer and transactions. Monitor and oppose Obama Administration tax proposals that would change existing tax laws and increase tax requirements for life insurance.

401(k)fee disclosure: Oppose reintroduction of legislation that would require 401 (k) plan administrators to reveal charges associated with four categories of fees: administrative fees, investment management fees, transaction fees, and other costs.

Insurance Regulatory Reform: Advocate for favorable legislation affecting the regulation of property/casualty and life insurance, including H.R. 1880, the National Insurance Consumer Protection Act of 2009. This bill could create an optional federal charter for insurance. Long Term Care Insurance: through trade association, advocate in support of S.702, titled the "Long-Term Care Affordability and Security Act of 2009." This bill would allow long-term care insurance to be offered in employer-sponsored cafeteria plans flexible spending arrangements. Work through trade association to oppose inclusion of Class Act, which would create a federal long-term care insurance program, in House and Senate healthcare reform legislation. Annuities/Suitability: Advocated against rule 151A, adapted by the U.S. Securities and Exchange Commission. Lobbied both Congress and the SEC. This rule would make certain fixed annuities subject to federal securities laws. Holocaust insurance issues/ICHEIC: Lobbied against the possible reintroduction of legislation that would create a new cause of action against U.S. insurance companies with European affiliates that may have written life insurance policies involving Holocaust victims. The bill could also require any European insurer with policies written between 1990 and 1945 that may have involved holocaust victims to disclose all files on the policies, including names, to the U.S. Credit-based insurance scores: Lobbied against the reintroduction of legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Medicare secondary payer/workers compensation: Follow issue, including trade association meetings with the Centers for Medicare and Medicaid Services (CMS), an agency of the Department of Health and Human Services. CMS is working on guidance/rules on this issue and insurance trade associations are weighing in. McCarran-Ferguson Reform: Follow and oppose H.R. 1503, the Insurance Industry Competition Act, which would repeal the McCarran-Ferguson Act, which provides insurers a limited exemption from federal antitrust law. Flood and national catastrophe insurance: In participation with a coalition, lobbied House and Senate staff to oppose legislation that would expand the National Flood Insurance Program to include wind insurance, specifically H.R. 1264 the Multiple Peril Insurance Act of 2009. Also lobbied against the possible reintroduction of legislation to create a national back stop for national catastrophe insurance. Also lobbied for inclusion of funding for structure mitigation, to protect houses and business against nat cat, in the stimulus bill. Also incorporated climate change arguments into natural catastrophe insurance lobbying efforts and promoted Fireman's Fund green products with Congressional staff and S.886, the Catastrophe Obligation Guarantee Act. Climate and energy legislation: Monitored the progress of HR 2454, the American Clean Energy and Security Act of 2009. Municipal bond legislation: Monitor municipal bond legislation, specifically HR 2589, Municipal Bond Insurance Enhancement Act of 2009, HR 2549, Municipal Bond Fairness Act, Municipal Bond Liquidity Act; and Municipal Financial Advisors Regulation Act. Right to Repair Act, HR.2057: support for bill which would enhance consumers' ability to take automobiles to independent shops for repairs. Broker-dealer regulatory reform: Monitor financial regulatory reform as it relates to broker-dealer and their existing regulation under the Financial Industry Regulatory Authority (FINRA). Surplus insurance lines: Monitor progress and support HR 2571, the Nonadmitted and Reinsurance Reform Act. State jurisdiction over annuity products: Support the continuing of state jurisdiction over fixed annuities: H.R. 2733, Fixed Indexed Annuities and Insurance Products Classification Act of 2009. Agents and brokers: Support NARAB II: H.R. 2554, the National Association of Registered Agents and Brokers Reform Act of 2009. Annuities: Support HR 2748, the Retirement Security Needs Lifetime Payment Act of 2009 and monitor through trade associations.

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 FASBE action regarding guidance and clarification for mark to market accounting. Financial Services regulatory reform: Followed discussions within Congress and the Administration to reform the financial services regulatory system, including "cram-down" legislation, legislation to create a resolution authority for non-bank entities, and potential systemic risk legislation. TARP: Followed developments regarding the Troubled Asset Relief Program at Treasury. Money market guaranty program: follow creation of Treasury Department money market guaranty program after concern about the financial stability of the Reserve Management Corporations Primary Fund. Bailout/Economic Recovery Legislation: Follow implementation of H.R. 1924 the "Emergency Economic Stabilization Act of 2008". The bill which Allianz of America supported, authorizes the U.S. Government to purchase up to $700 billion of troubled assets from financial institutions. The bill also included tax extender provisions which Allianz supported.

Cascading taxes for foreign-owned insurers: Advocate against measures 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. The IRS issued a ruling on this in March (IRS Ruling 2009-15). Exchange traded notes: For PIMCO followed issue through trade association Investment Company Institute. EIN'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. Reinsurance taxation: Advocate against the introduction of legislation. This legislation would prohibit offshore reinsurance affiliates of insurance companies not required to pay U.S. taxes from taking deduction for "excel reinsurance premiums" for domestic risks. Let Wall Street Pay tax proposal: Oppose provision of H.R. 1068, the Let Wall Street Pay for Wall Street's Bailout Act of 2009, that would tax securities transfer and transactions. Monitor and oppose Obama Administration tax proposals that would change existing tax laws and increase tax requirements for life insurers.

Annuities: Followed SEC action, including a recently proposed rule to bring equity-indexed annuities under the SEC's regulatory purviews. Proposed rule: "indexed Annuities and certain other insurance contacts". Release number: 33-8933. Commodities: Monitor action of the CFTC and Congress on speculation in the energy markets. Short Selling: Followed SEC's action regarding reinstating the uptick rule for short selling. Hedge funds and private equity: Monitor S.344 Hedge Fund Transparency Act; S. 1276 Private Fund Transparency Act of 2009. Consumer Financial Protection Agency: Monitor Obama Administration proposal to create an agency. Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds. Senior Investor Protection Act, S.906: Monitor legislation designed to protect seniors wishing to buy financial products from unqualified advisors: monitor together with trade association. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. Credit default swap regulation: Monitor S.961 Authorizing the Regulation of Swaps Act Restructuring of the Commodity Futures Trading Commission: Monitor Obama Administration proposals. 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, GROWTH Act, S. 1082.

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 FASBE action regarding guidance and clarification for mark to market accounting. Financial Services regulatory reform: Followed discussions within congress and the Administration to reform the financial services regulatory system, including "cram-down" legislation, legislation to create a resolution authority for non-bank entities, and potential systemic risk legislation. TARP: Followed developments regarding the Troubled Asset Relief Program at Treasury. Money market guaranty program: follow creation of Treasury Department money market guaranty program after concern about the financial stability of the Reserve Management Corporations Primary Fund. Bailout/Economic Recovery Legislation: Follow implementation of H.R. 1924 the "Emergency Economic Stabilization Act of 2008". The bill which Allianz of America supported, authorizes the U.S. Government to purchase up to $700 billion of troubled assets from financial institutions. The bill also included tax extender provisions which Allianz supported.

Cascading taxes for foreign-owned insurers: Advocate against measures 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. The IRS issued a ruling on this in March (IRS Ruling 2009-150. Exchange traded notes: For PIMCO followed issue through trade association Investment Company Institute. EIN's are an alternative to mutual funds and enjoy a tax preference. Treasury has recently weighed in an may view this current tax treatment as not appropriate. Reinsurance taxation: Advocate against the introduction of legislation. This legislation would prohibit offshore reinsurance affiliates of insurance companies not required to pay U.S. taxes from taking deduction for "excel reinsurance premiums" for domestic risks. Let Wall Street Pay tax proposal: Oppose provisions of H.R. 1068, the Let Wall Street Pay for Wall Street's Bailout Act of 2009, that would tax securities transfer and transactions. Monitor and oppose Obama Administration tax proposals that would change existing tax laws and increase tax requirements for life insurers.

401(k) fee disclosure: Oppose reintroduction of legislation that would require 401 (k) plan administrators to reveal charges associated with four categories of fees: administrative fees, investment management fees, transaction fees, and other costs.

Cascading taxes for foreign-owned insurers: Advocate against measure 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 foreigh company reinsurers the U.S. risk. The IRS issued a ruling on this in March (IRS Ruling 2008-15). Exchange traded notes: For PIMCO followed issue 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. Reinsurance taxation: Advocate against the introduction of legislation. This legislation would prohibit offshore reinsurance affiliates of insurance companies not required to pay U.S. taxes from taking deductions for "excess reinsurance premiums" for domestic risks.

Annuities: Followed SEC action, including a recently proposed rule to bring equity-indexed annuities under the SEC's regulatory purview. Proposed rule: "indexed Annuities and certain other insurance contacts" Release number: 33-8933. Commodities: Monitor action of the CFTC and Congress on speculation in the energy markets. Short Selling: Followed SEC's action regarding reinstating the uptick rule for short selling.

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) fee disclosure: Oppose reintrocution of legislation that would require 401 (k) plan administrators to reveal charges associated with four categories of fees: administrative fees, investment management fees, transaction fees, and other costs.

Mark to market accounting: Follow SEC and FASBE action regarding guidance and clarification for mark to market acocunting. Financial Services regulatory reform: Followed discussions within Congress and the Administration to reform the financial services regulatory system, including "cram-down" legislation, legislation to create a resolution authority for non-bank entities, and potential systemic risk legislation. TARP: Followed developments regarding the Troubled Asset Relief Program at Treasury. Money market guaranty program: follow creation of Treasury Department money market guaranty program after concern about the financial stability of the Reserve Management corporations Primary Fund. Bailout/Economic Recovery Legislation: Follow implementation of H.R. 1924 the "Emergency Economic Stabilization Act of 2008". the bill which Allianz of America supported, authorizes the U.S. Government to purchase up to $700 billion of troubled assets from financial institutions. the bill also included tax extender provisions which Allianz supported.

Cascading taxes for foreign-owned insurers: Advocate against measure that would lead to imposition of an excise tax twice when insurance ore reinsurance is placed from the U.S. to a foreign company and then when the foreign company rreinsures the U.S. risck. The IRS issued a ruling on this in March (IRS Ruling 2008-15). Exchange traded notes: For PIMCO followed issue 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. Annuities tax relief: Support S.1010 in the Senate and H.R. 2205 in the House, titled the Retirement Security for Life Act, which would exclude from income taxes 50 percent of grossincome and annuity payments, not to exceed $20,000 per year. Reinsurance taxation: Advocate against legislation (H.R. 6969, "To Amend the Internal Revenue Code of 1986 to disallow the deduction for Excess Non-Taxed Reinsurance Premiums with respect to United States risks paid to affiliates.") This bill would prohibit offshore reinsurance affiliates of insurance companies not required to pay U.S. taxes from taking deductions for "excess reinsurance premiums" for domestic risks. Tax Extenders: Lobbied for extension of exemption for foreign shareholders of U.S. mutual funds from a U.S. withholding tax. This was included in the bailout bill. H.R. 1424 signed into law. Tax Extenders: Lobbied for an extension of capital gain tax rate for 2009 and 2010.

Legal/tort reform: Track the progress of the insurance industry's collaboration on legal reform/tort issues at the federal and state levels. Through trades, the federal government affairs team has been updated on several fills in Congress including S.1782/H.R. 3010, Arbitration Fairness Act of 200; S.204/H.R. 4854, False Claims Act Corrections Act: S.2449, sunshine in Litigation Act: S.2450, to amend the Federal Rules of Evidence to address the waiver of the attorney-client privilege and workproduct doctrine; S.2133, HOMES Act: S.2136, Helping Families Save Their Homes in Bankruptcy Act: S. 2636, Foreclosure Prevention Act: S.22633/H.R. 4040, CPSC Reform Act: H.R. 3221, Dodd/Shelby Amendment 4387, in nature of a substitute, Foreclosure Prevention Act.

Municipal bonds: Followed SEC action, including a recently proposed rule to bring equity-indexed annuities under the SEC's regulatory purview. Proposed rule: "indexed Annuities and certain other insurance contacts" Release number: 33-8933. Commodities: Moitor action of the CFTC and Congress on speculation in the energy markets.

NAFTA Debenture Issue - FFIC seeks monetary relief from the Mexican government under NAFTA's Chapter 11 tribunal process.

Insurance reform: Advocate in support of an optional Federal Charter, .R. 3200 and S.40, both titled "The National Insurance Act of 2007". These bills would create an optional federal charter for insurance. Also advocate for H.R. 5840, the Insurance Information Act of 2008. This bill would create an office of Insurance Information with the Treasury Department to provide federal expertise on insurance matters and international negotiations. Long Term Care Insurance: Advocate in support of HR 3363 and S.2337, both titled the Long-term Care Affordability and Security Act of 2007. These bills would allow long-term care insurance to be offered in employer-sponsored cafeteria plans flexible spending arrangements. Annuities/Suitability: Followed S. 2794, the "Senior Investor Protection Act of 2008". a bill which would hold insurance and securities companies liable for any potential mis-selling of their products by agents and brokers. The bill also required disclosures of fees, costs, and commissions. Also, contacted Senate staff on the annuities suitability issues, separate from the introduction of the bill. Also followed SEC action on this issue, including the SEC's issuing of a finance rule affecting fixed-index annuities. This is Rule 151A. Holocaust insurance issues/ICHEIC: Lobbied against a bill introduced in the House, H.R. 1746, the "Holocaust Insurance Accountability Act of 2007", which would create a new cause of action against U.S. insurance companies with European affiliates that may have written life insurance policies involving Holocaust victims. The bill would also require any European insurer with policies written between 1900 and 1945 that may have involved holocaust victims to disclose all files on the policies, including names, to the U.S. Credit-based insurance scores: Lobbied against a bill introduced in the House, H.R. 5733, the "Nondiscriminatory Use of Consumer Reports and Consumer Information Act of 2008", which would restrict the ability of personal lines insurers to use credit information for underwriting or setting rates. Bond insurance: Follow issue, including attending hearings, which is how the subprime crisis has affected the bond insurance industry and the municipal securities they insure. Medicare secondary payer/workers compensation: Flow issue, including trade association efforts to meet with the Centers for Medicare and Medicaid Services (CM'S), an agency at the Department of Health and Human Services. CMS is working on guidance/rules on this issue and insurance trade associations are weighing in. McCarran-Ferguson Reform: Follow and oppose two bills, S.618 and H.R. 1081, the Insurance Industry Competition Act, which would repeal the McCarran-Ferguston Act, which provides insurers a limited exemption from federal antitrust law. Broker licensing: Followed introduction of bill H.R. 5611, the National Association of Registered Agents and Brokers Reform Act. This bill, which is generally opposed by trade groups we belong to, would create a self regulating organization for insurance producers. Flood and national catastrophe insurance: Lobbied in the House for reform of the National Flood Insurance Program, which is set to expire in March. Also lobbied against the inclusion of wind in the NFIP. Lobbied against the adoption of legislation that would create a federal backstop for natural catastrophe insurance.

Insurance Reform: Advocate in support of an optional Federal Charter, H.R. 3200 and S.40, both titled "The National Insurance Act of 2007". These bills would create an optional federal charter for insurance. Also advocate for H.R. 5840, the Insurance Information Act of 2008. This bill would create an office of Insurance Information within the Treasury Department to provide federal expertise on insurance matters and international negotiations. Long Term Care insurance: Advocate in support of HR 3363 and S.2337, both titled the "Long-term Care Affordability and Security Act of 2007." These bills would allow long-term care insurance to be offered in employer-sponsored cafeteria plans flexible spending arrangements. Annuities/Suitability: Followed the drafting and then the introduction of S.2794, the "Senior Investor Protection Act of 2008", a bill which would hold insurance and securities companies liable for any potential mis-selling of their products by agents and brokers. the bill also required disclosures of fees, costs, and commissions. Also contacted Senate staff on the annuities suitability issues, separate from the introduction of the bill. Also followed SEC action on this issue. Holocaust insurance issues/ICHEIC: Lobbied against a bill introduced in the House, H.R. 1746, the "Holocaust Insurance Accountability Act of 2007", which would create a new cause of action against U.S. insurance companies with European affiliates that may have written life insurance policies involving Holocaust victims. the bill would also require any European insurer with policies written between 1900 and 1945 that may have involved holocaust victims to disclose all files on the policies, including names, to the U.S. Credit-based insurance scores: Lobbied against a bill introduced in the House, H.R. 5733, the "Nondiscriminatory Use of Consumer Reports and Consumer Information Act of 2008", which would restrict the ability of personal lines insurers to use credit information for underwriting or setting rates. Bond insurance: Follow issue, including attending hearings, which is how the subprime crisis has affected the bond insurance industry and the municipal securities they insure. Medicare secondary payer/workers compensation: Flow issue, including trade association efforts to meet with the Centers for Medicare and Medicaid Services (CMS), an agency at the Department of Health and Human Services.. CMS is working on guidance/rules on this issue and insurance trade associations are weighing in. McCarran-Ferguston Reform: Follow and oppose two bills, S. 618 and H.R. 1081, the Insurance Industry Competition Act, which would repeal the McCarran-Ferguson Act, which provides insurers a limited exemption from federal antitrust law. Broker licensing: Followed introduction of bill H.R. 5611, the National Association of Registered Agents and Brokers Reform Act. This bill, which is generally opposed by trade groups we belong to, would create a self regulating organization for insurance producers

Municipal bonds: Followed SEC action, including a recently proposed rule to bring equity-indexed annuities under the SEC's regulatory purview. Proposed rule: "Indexed Annuities and certain other insurance contacts" Release number: 33-8933. Commodities: Monitor action of the CFTC and Congress on speculation in the energy markets.

Retirement security/investment issues: Supports two pieces of legislation, through the efforts of a trade association, that would promote investment and retirement securities. the bills are H.R. 2796 and S. 2126, the Generating Ownership through Long Term Holding (GROWTH) Act, which would defer taxation of automatically reinvested capital gains taxes until the time the mutual fund shares are sold and H.R. 2167, the Automatic IRA Act of 2007, which would allow employees not covered qualified retirement. plans to save for retirement through automatic payroll deposit IRAs and to facilitate similar savings by the self-employed. 401 (k) fee disclosure: Oppose bill recently approved by the House committee on Education and the Workforce, H.R. 3185, the 401 (k) Fair Disclosure for Retirement Security Act, which would require 401 (k) plan administrators to reveal charges associated with four categories of fees: administrative fees, investment management fees, transaction fees, and other costs.

Legal/tort reform: Track the progress of the insurance industry's collaboration on legal reform/tort issues at the federal and state levels. Through trades, the federal government affairs team has bee updated on several bills in Congress including S.1782/H.R.3010, Arbitration Fairness Act of 2000; S.204/H.R.4854, False Claims Act Corrections Act: S.2449, Sunshine in Litigation Act: S.2450, to amend the Federal Rules of Evidence to address the waiver of the attorney-client privilege and the workproduct doctrine; S.2133, HOMES Act: S.2136, Helping Families Save Their Homes in Bankruptcy Act: S.2636, Foreclosure Prevention Act: S.2633/H.R.4040, CPSC Reform Act: H.R. 3221, Dodd/Shelby Amendment 4387, in nature of a substitute, Foreclosure Prevention Act.

Subprime housing crisis: Follow issue for banking and asset management affiliates, including H.R. 3221, the "American Housing Rescue and Foreclosure Prevention Act of 2008" and Senate bills. Mark to market accounting: Contacted House staff to inquire whether the SEC may be working on guidance moving from mark to market accounting to fair value accounting. Bailout/Economic Recovery Legislation: Follow introduction, passage and sinage of bill, H.R. 1924, the "Emergency Economic Stabilization Act of 2008". The bill, which Allianz of America supported, authorizes the U.S. Government to purchase up to $700 billion of troubled assets from financial institutions. The bill also included tax extender provisions which Allianz supported.

Insurance Reform: Advocate in support of an optional Federal Charter, H.R. 3200 and S.40, both titled"The National Insurance Act of 2007". These bills would create an optional federal charter for nsurance. Also advocate for H.R. 5840, the Insurance Information Act of 2008. This bill would create an ffice of Insurance Information within the Treasury Department to provide federal expertise on insurance matters and international negotiations. Long Term Care Insurance: Advocate in support of HR 3363 and S.2337, both titled the "Long -term Care Affordability and Security Act of 2007." These bills would allow long-term care insurance to be offered in employer-sponsored cafeteria plans flexible spending arrangements. Annuities/Suitability: Followed the drafting and then the introduction of S.2794, the "Senior Investor Protection Act of 2008", a bill which would hold insurance and securities companies liable for any potential mis-selling of their products by agents and brokers. The bill also requires disclosures of fees, costs, and commissions. Also contacted Senate staff on the annuities suitability issues, separate from the introduction of the bill. Also followed SEC action on this issue. Holocaust insurance issues/ICHEIC: Lobbied against a bill introduced in the House, H.R. 1746, the "Holocaust Insurance Accountability Act of 2007", which would create a new cause of action against U.S. insurance companies with European affiliates that may have written life insurance policies involving Holocaust victims. The bill would also require any European insurer with policies written between 1900n and 1945 that may have involved holocaust victims to disclose all files on the policies, including names, to the U.S. Credit-based insurance scores: Lobbied against a bill introduced in the House, H.R. 5733, the "Nondiscriminatory Use of Consumer Reports and Consumer Information Act of 2008", which would restrict the ability of personal lines insurers to use credit information for underwriting or setting rates. Bond insurance: Follow issue, including attending hearings, which is how the subprime crisis has affected the bond insurance industry and the municipal securities they insure. Medicare secondary payer/workers compensation: Follow issue, including trade association efforts to meet with the Centers for Medicare and Medicaid Services (CMS), an agency at the Department of Health and Human Services. CMS is working on guidance/rules on this issue and insurance trade associations are weighing in. McCarran-Ferguson Reform: Follow and oppose two bills, S. 618 and H.R. 1081, the Insurance Industry Competition Act, which would repeal the McCarran-Ferguson Act, which provides insurers a limited exemption from federal antitrust law Broker licensing: Followed introduction of bill H.R. 5611, the National Association of Registered Agents and Brokers Reform Act. This bill, which is generally opposed by trade groups we belong to, would create a self regulating organization for insurance producers.

Retirement security/investment issues: Supports two pieces of legislation, through the efforts of a trade association, that would promote investment and retirement securities. These bills are H.R. 2796 an S. 2126, the Generating Ownership through Long Term Holding (GROWTH) Act, which would defer taxation of automatically reinvested capital gains taxes until the time the mutual fund shares are sold and H.R. 2167, the Automatic IRA Act of 2007, which would allow employees not covered qualified retirement plans to save for retirement through automatic payroll deposit IRAs and to facilitate similar savings by the self-employed. 401 (k) fee disclosure: Oppose bill recently approved by the House committee on Education and the Workforce, H.R. 3185, the 401 (k) Fair Disclosure fore Retirement Security Act, which would require 401 (k) plan administrators to reveal charges associated with four categories of fees: administrative fees, investment management fees, transaction fees, and other costs.

Municipal bonds: Followed SEC action, including a recently proposed rule to bring equity-indexed annuities under the SEC's regulatory purview. Proposed rule: "Indexed Annuities and certain other insurance contacts" Release number: 33-8933. Commodities: Monitor action of the CFTC and Congress on speculation in the energy markets.

Legal/tort reform: Track the progress of the insurance industry's collaboration on legal reform/tort issues at the federal and state levels. Through trades, the federal government affairs team has been updated on several bills in Congress including S.1782/H.R.3010, Arbitration Fairness Act of 200; S.2041/H.R.4854, False Claims Act Corrections Act: S.2449, sunshine in Litigation Act: S.2450, To amend the Federal Rules of Evidence to address the waiver of the attorney-client privilege and the work product doctrine; @.2133, HOMES Act: S.2136, Helping Families Save Their Homes in Bankruptcy Act: S.2636, Foreclosure Prevention Act: S.2633/H.R.4040, CPSC Reform Act: H.R.3221, Dodd/Shelby Amendment 4387, in nature of a substitute, Foreclosure Prevention Act.

Subprime housing crisis: Follow issue for banking and asset managemnt affiliates, including H.R. 3221, the "American Housing Rescue and Foreclosure Prevention Act of 2008" and Senate bills. Mark to market accouting: Contacted House staff o inquire whether the SEC may be working on guidance moving from mark to market accounting to fair value accounting.

Retirement security/investment issues: Supports two pieces of legislation, through the efforts of a trade association, that would promote investment and retirement securities. These bills are H.R. 2796 and S.2126, the Generating Ownership through Long Term Holding (GROWTH) Act, which would defer taxation of automatically reinvested capital gains taxes until the time the mutual fund shares are sold and H.R. 2167, the Automatic IRA Act of 2007, which would allow employees not covered by qualified retirement con't. retirment plans to save for retirment through automatic payroll deposit IRAs and to facilitate similar savings by the self-employed. 401 (k) fee disclosure: Oppose bill recently approved by the House committee on Education and the Workforce, H.R. 3185, the 401 (k) Fair Disclosure for Retirment Security Act, which would require 401 (k) plan administrators to reveal charges associated with four categories of fees: administrative fees, investment managment fees, transation fees, and other costs.

Municipal bonds: Followed congressional hearings on the downgrading of bond insurers and the effect of these downgrades on municipal bond acitivities.

Subprime housing crisis: Follow issue for banking and asset management affiliates Mark to market accounting: Contacted House staff to inquire whether the SEC may be working on guidance moving from mark to market accounting to fair value accounting.

NAFTA Debenture Issue-FFIC seeks monetary relief from the Mexican government under NAFTA's Chapter 11 tribunal process.

Legal/tort reform: Track the progress of the insurance industry's collaboration on legal reform/tort issues at the federal and sate levels. The federal government affairs team has not been actively engaged, although through trades, has been updated on several bills in Congress including: S.1782/H.R. 3010, Arbitration Fairness Act of 200; S.2041/H.R.4854, False Claims Act Corrections Act: s.2449, sunshine in Litigation Act: 2.2450, To amend the Federal rules of Evidence to address the waiver of the attorney-client con'td. privilege and the work product doctrine; S.2133, HOMES Act: 2.2136, Helping Families Save Their Homes in Bankruptcy Act; S.2636, Foreclosure Prevention Act: S. 2663/H.R.4040, CPSC Reform Act: H.R. 3221, Dodd/Shelby Amendment 4387, in nature of a substitute, Foreclosure Prevention Act.