THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

CSP · Consumer Issues/Safety/Products

CSP - Third Quarter 2026 Public Law 111-203, H.R. 4173- Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation, Global Capital Standards and Regulatory reform. S. __ - Data Care Act. The legislation would establish duties of care, loyalty, and confidentiality, and a violation of the duties would be treated as a violation of a Federal Trade Commission (FTC) rule with fine authority. Issue: Data Privacy 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. 8413 - SECURE Data Act. To establish a national framework for consumer privacy rights and the protection of personal data. Issue: Data Privacy H.R.___ and S.___ - Draft data privacy legislation. Issue: Data Privacy Issue: Artificial Intelligence (AI).

Literal federal measure citations: H.R. 4173, H.R. 8413

FIN · Financial Institutions/Investments/Securities

FIN - Third Quarter 2026 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. Issue: FHLBank System Issue: Basel III

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

INS · Insurance

INS - Third Quarter 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.

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

RET · Retirement

Retirement - Third Quarter 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