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 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 the impact of federal stablecoin legislation on insurers business operations. The GENIUS Act (S 1582) became law last quarter as Public Law 119-27, establishing a regulatory framework for stablecoins. The CLARITY Act (HR 3633), which addresses stablecoin marketplace structure, has passed the House and is currently awaiting Senate consideration.
Literal federal measure citations: HR 4735, S 2419, S 1582, HR 3633
TAX · Taxation/Internal Revenue Code
Opposed federal taxation of credit unions; worked to exclude inclusion in H.R. 1, which became law on July 4th (tax reconciliation bill). Opposed additional taxes on life insurers and property casualty insurers; worked to exclude inclusion in H.R. 1, which became law on July 4th (tax reconciliation bill). Support the Secure Family Futures Act (HR 2547/S1335), which provides for ordinary tax treatment for bonds for insurers.
Literal federal measure citations: H.R. 1, H.R. 1, 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 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. 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 Appropriations. Oppose the Credit Card Competition Act, a bill that would reduce interchange fees on credit cards, when reintroduced. 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. 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.
Literal federal measure citations: HR 4735, S 2419, HR 2441, S 1877, HR 1777, S 1561, HR 1013, S 424, HR 4936, S 2019
