THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

CSP · Consumer Issues/Safety/Products

CSP Quarter 4 2025 H.R.___ and S.___ - Draft data privacy legislation. Issue: Data Privacy Issue: Artificial Intelligence (AI).

FIN · Financial Institutions/Investments/Securities

FIN Quarter 4 2025 Issue: FHLBank System Issue: Basel III Issue: Regulation Best Interest Issue: Government Sponsored Enterprises (GSE) reform. No bill number assigned.

INS · Insurance

INS Quarter 4 2025 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. S. 1544/H.R. 3437 - Insurance Data Protection Act. To prohibit the Federal Insurance Office of the Department of the Treasury and other financial regulators from collecting data directly from an insurance company. Issue: FIO Reform 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. 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, S. 1544, H.R. 3437, H.R. 3503

RET · Retirement

Retirement Security, Q4 2025 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 4 2025 Life insurance taxation