CMFG LIFE INSURANCE COMPANY

INS · Insurance

Work to keep insurance regulated by the states and not by the Consumer Financial Protection Bureau or set by international bodies. Support the Business of Insurance Act when reintroduced. Advocate for privacy measures in line with GLBA and HIPAA as applied to financial services. Support legislation of e-signatures, e-disclosures, and e-notarizations. Support the Improving Disclosure for Investors Act (HR 2441), to provide electronic delivery of SEC regulatory documents, when reintroduced. Also support SECURE Notarization Act (HR 1777), which authorize notaries to perform, and to establish minimum standards for, electronic notarizations and remote notarizations.

Literal federal measure citations: HR 2441, HR 1777

TAX · Taxation/Internal Revenue Code

Oppose federal taxation of credit unions. Oppose additional taxes on life insurers and property casualty insurers. Support the Secure Family Futures Act, which provides for ordinary tax treatment for bonds for insurers, when reintroduced.

FIN · Financial Institutions/Investments/Securities

Work to keep insurance regulated by the states and not by the Consumer Financial Protection Bureau or set by international bodies. Support the Business of Insurance Act when reintroduced. Advocate for privacy measures in line with GLBA and HIPAA as applied to financial services. Support increased CDFI and MDI funding in President's FY 2025 Budget Proposal and House Appropriations FSSC Bill. Oppose the Credit Card Competition Act, a bill that would reduce interchange fees on credit cards, when reintroduced. Support legislation of e-signatures, e-disclosures, and e-notarizations. Support the Improving Disclosure for Investors Act (HR 2441), to provide electronic delivery of SEC regulatory documents, when reintroduced. Also support SECURE Notarization Act (HR 1777), which authorize notaries to perform, and to establish minimum standards for, electronic notarizations and remote notarizations. Support the Retirement Fairness for Charities and Educational Institutions Act (HR 1013/S 424). Allows 403(b) retirement plans to invest in unregistered insurance contracts and CITs. Urge support to maintain CDFI and EPA programs and funding.

Literal federal measure citations: HR 2441, HR 1777, HR 1013, S 424