THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

CSP · Consumer Issues/Safety/Products

CSP - Quarter 2 2026 H.R.__/S.__ Online Privacy Act - The legislation would provide for individual rights relating to privacy of personal information, to establish privacy and security requirements for covered entities relating to personal information, and to establish an agency to be known as the Digital Privacy Agency to enforce such rights and requirements. Issue: Data Privacy H.R. __ - Responsible AI Disclosure Act. The bill would require the Federal financial agencies to carry out a study and report on standardized descriptions for vendor-provided artificial intelligence systems. Issue: Artificial Intelligence (AI). H.R. 8413 - SECURE Data Act. To establish a national framework for consumer privacy rights and the protection of personal data. Issue: Data Privacy H.R. 8398 - Guidelines for Use, Access, and Responsible Disclosure of Financial Data Act. The bill would make improvements to title V of the Gramm-Leach-Bliley Act. Issue: Data Privacy. H.R.___ and S.___ - Draft data privacy legislation. Issue: Data Privacy H.R. __ - Draft cybersecurity legislation. Issue: Cybersecurity Issue: Artificial Intelligence (AI).

Literal federal measure citations: H.R. 8413, H.R. 8398

FIN · Financial Institutions/Investments/Securities

FIN - Quarter 2 2026 H.R.20/S.852 - Richard L. Trumka Protecting the Right to Organize Act. To amend the National Labor Relations Act, the Labor Management Relations Act, 1947, and the Labor-Management Reporting and Disclosure Act of 1959. Issue: independent contractor status. H.R. 3682/S. 3578 - Financial Stability Oversight Council Improvement Act of 2025. This bill will restore transparency to FSOC by imposing procedural guardrails, including enhanced due process protections, and a stronger analytic framework before a firm can be designated as systemically important. Issue: Dodd-Frank Act reform. S. __ - Protecting Innovation in Investment Act - To prohibit the Securities and Exchange Commission from finalizing, implementing, or enforcing a proposed rule with respect to conflicts of interest associated with the use of predictive data analytics by broker-dealers and investment advisers. Issue: Predictive data analytics. Issue: FHLBank System Issue: Basel III Issue: Regulation Best Interest Issue: Government Sponsored Enterprises (GSE) reform. No bill number assigned.

Literal federal measure citations: H.R.20, S.852, H.R. 3682, S. 3578

INS · Insurance

INS - Quarter 2 2026 H.R. 4583 and H.R. 4582/S.1552 - Living Donor Protection Act. The bill would promote and protect from discrimination living organ donors. Issue: underwriting. H.R. 3503 - Kidney Donation Anti-Discrimination Act. The bill would prohibit life insurance providers from discriminating based on a persons status as a living kidney donor. Issue: underwriting. Issus: FSOC nonbank guidance rule. Issue: private equitys growing role in the insurance industry. Issue: Housing Finance Reform. No bill number assigned.

Literal federal measure citations: H.R. 4583, H.R. 4582, S.1552, H.R. 3503

RET · Retirement

Retirement Security, Q2 2026 Income Security S. 2415 and H.R. 7107, the Long-Term Care Affordability Act: Would allow for tax free distributions from retirement accounts to fund LTC contracts.

Literal federal measure citations: S. 2415, H.R. 7107

TAX · Taxation/Internal Revenue Code

Tax Quarter 2 2026 HR 2547 and S 1335 - Secure Family Futures Act of 2025 Issues pertaining to a tax exemption for long term care insurance

Literal federal measure citations: HR 2547, S 1335