PACIFIC LIFE INSURANCE COMPANY

TAX · Taxation/Internal Revenue Code

HR 254/S 1335 -- Secure Family Futures Act - adjust the tax treatment of insurance company debt investments Issue -- Insurance Company Life/Non-Life Consolidated Returns S 4279 -- Protecting Proper Life Insurance from (PPLI) Abuse Act - impose reporting requirements and amend tax treatment of private placement life insurance

Literal federal measure citations: HR 254, S 1335, S 4279

INS · Insurance

DRAFT -- Voluntary Excepted Supplemental Benefits Protection Act -- preserve employer flexibility to offer voluntary excepted-benefit products such as supplemental health coverage HR 1521 -- DOC Access Act -- prohibits insurance plans from dictating rates optometrists and dentists can charge patients for non-covered items and services HR 7187 -- Clarity for Compensation Act -- clarify compensation disclosure requirements for insurance and financial professionals to promote regulatory consistency and consumer understanding. Issue -- Proposed Rule -- SEC Regulation E-Delivery -- monitoring SEC framework for the electronic delivery of investor disclosures. HR 4735 -- Business of Insurance Regulatory Reform Act of 2025 -- affirm the enforcement authority of the Consumer Financial Protection Bureau (CFPB) over entities regulated by state insurance commissioners HR 10234 -- CLEAR Forms Act - direct SEC to established dedicated filing forms for certain registered insurance products HR 8338 -- Safeguarding Americans' Fairly Earned Retirement (SAFER) Act -- restrict state escheatment and seizure of private investment and retirement accounts HR 9471/S 4942 -- SAFE Banking Act -- federal safe harbor allowing financial institutions to serve state-legal cannabis businesses without fear of federal banking penalties.

Literal federal measure citations: HR 1521, HR 7187, HR 4735, HR 10234, HR 8338, HR 9471, S 4942

RET · Retirement

HR 3383 -- Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST) Act of 2025 -- expand access to capital and investment opportunities HR 10039/S 5204 -- SMART Savings Act -- modernize Individual Retirement Account (IRA) regulations and remove IRAs from Department of Labor (DOL) prohibited transaction rules HR 1013/S 424 -- Retirement Fairness for Charities and Educational Institutions Act of 2025 - allow 403b plans to invest in CITs and insurance separate account products HR 2696 -- Retirement Savings for Americans Act -- establish federally supported retirement savings accounts for workers who lack access to employer-sponsored retirement plans. HR 9515 (117th) -- General Accounts Product Clarifications Act -- specifies requirements for the application of the ERISA to general account policies that receive contributions from employee benefit plans HR 3942 (118th) -- Lifetime Income for Employees Act - enable use of lifetime income options within workplace retirement plans HR 6324/S 5156 -- Retirement Simplification and Clarity Act -- expand in-service rollover options by allowing individuals aged 50 and older to roll over their employee-sponsored 401(k) savings into an annuity. Issue -- Proposed Rule -- DOL Fiduciary Duties In Selecting Designated Investment Alternatives Monitoring Department of Labor -- guidance affecting fiduciary responsibilities when selecting retirement plan investment options HR 6450/S 3352 -- Retirement Rollover Flexibility Act -- allow workers to roll over savings from a Roth IRA directly into a designated Roth account within a workplace retirement plan HR 6722 -- Automatic IRA Act of 2025 -- require employers without retirement plans to facilitate automatic payroll-deduction IRAs for employees.

Literal federal measure citations: HR 3383, HR 10039, S 5204, HR 1013, S 424, HR 2696, HR 9515, HR 3942, HR 6324, S 5156, HR 6450, S 3352, HR 6722

CSP · Consumer Issues/Safety/Products

Issue -- Data Privacy Issue -- Artificial Intelligence

FIN · Financial Institutions/Investments/Securities

HR 2441 -- Improving Disclosure for Investors Act of 2025 -- modernize investor disclosure requirements by allowing broader use of electronic delivery and streamlined disclosure methods. HR 6644 -- 21st Century ROAD to Housing Act -- expand and modernize housing finance programs to improve access to affordable housing and homeownership opportunities. DRAFT -- FHLB Membership Clarification Act -- clarify that insurance companies and other eligible financial institutions remain qualified members of the Federal Home Loan Bank system. Issue -- Home Mortgage Disclosure Act (HMDA) Reporting

Literal federal measure citations: HR 2441, HR 6644

TRD · Trade (domestic/foreign)

Issue -- UK Prudential Regulation Authority Consultation Paper 8/26 on Funded Reinsurance Issue -- Data Localization & Cross-Border Data Flow