CMFG LIFE INSURANCE COMPANY

INS · Insurance

Support HR 4735/S 2419 Business of Insurance Regulatory Reform Act - keeps insurance regulated by the states and not by the Consumer Financial Protection Bureau or set by international bodies. Advocate to preserve consumer access to voluntary insurance protection products in legislative proposals redefining APR calculations. Advocate for privacy measures in line with GLBA and HIPAA as applied to financial services. Monitor how federal AI legislation impacts insurers ability to conduct business. Monitor how federal stablecoin market structure legislation impacts insurers ability to conduct business.

Literal federal measure citations: HR 4735, S 2419

TAX · Taxation/Internal Revenue Code

Opposed additional taxes on life insurers and property casualty insurers. Support the Secure Family Futures Act (HR 2547/S1335), which provides for ordinary tax treatment for bonds for insurers.

Literal federal measure citations: HR 2547, S1335

FIN · Financial Institutions/Investments/Securities

Support HR 4735/S 2419 Business of Insurance Regulatory Reform Act - keeps insurance regulated by the states and not by the Consumer Financial Protection Bureau or set by international bodies. Advocate to preserve consumer access to voluntary insurance protection products in legislative proposals redefining APR calculations. Advocate for privacy measures in line with GLBA and HIPAA as applied to financial services. Support HR 2441/S 1877 Improving Disclosure for Investors Act - to provide electronic delivery of SEC regulatory documents. Included in the INVEST Act. Support HR 1777/S 1561 SECURE Notarization Act - authorizes notaries to perform, and to establish minimum standards for electronic notarizations and remote notarizations. Support increased CDFI and MDI funding in FY 2026 & 2027 Appropriations. Support preservation of the CDFI Fund. Oppose the S. 3623/H.R. 7035, the Credit Card Competition Act, a bill that would reduce interchange fees on credit cards. 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. Included in the INVEST Act. Support the TRAPs Act (Task Force for Recognizing and Averting Payment Scams) (HR 4936/S 2019) and other legislation that protects consumers from payment scams and fraud. Support S. 3940, the Access to Fair Financing for Opportunity and Resilient Development (AFFORD) Act, which brings together four CDFI bills that would support CDFI secondary markets and access to capital through the Bond Guarantee Program, among other improvements. Support the credit union tax exemption.

Literal federal measure citations: HR 4735, S 2419, HR 2441, S 1877, HR 1777, S 1561, S. 3623, H.R. 7035, HR 1013, S 424, HR 4936, S 2019, S. 3940