NAIFA GovWatch | Advocacy

NAIFA GovWatch
(Formerly Advocacy Updates)

GovWatch is a short summary of breaking legislative and regulatory news of interest to NAIFA members. GovWatch helps NAIFA members keep a watchful eye on important legislative and regulatory developments that could positively or negatively impact your business.

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February 2, 2010: Obama Administration Submits FY 2011 Federal Budget Proposal to Congress
December 30, 2009: Health Reform Clears Next Hurdle
December 11, 2009: House Passes Historic Financial Services Overhaul Legislation
December 3, 2009: House Passes Estate Tax Extension Coupled with Statutory “Pay as You Go” Budget Rules
December 2, 2009: California Ballot Initiative to Tax COLI Benefits Fails to Qualify
November 24, 2009: Senate Votes to Proceed on Health Reform
November 20, 2009: NAIFA, Industry Partners Submit Letters to Senate Banking Committee
November 19, 2009: Senate Unveils Health Bill
November 10, 2009: Senate Banking Committee Chair Introduces Discussion Draft of the “Restoring American Financial Stability Act of 2009”
November 9, 2009: House Passes Health Reform
October 29, 2009: Speaker Pelosi Reveals Merged House Health Reform
October 28, 2009: U.S. House Committee Marks Up Legislation to Establish Fiduciary Standards of Care for Broker-Dealers and their Reps
October 13, 2009: Finance Committee Reports Out Its Health Reform
October 6, 2009: U.S. House Financial Services Committee Hears Testimony on Harmonized Fiduciary Standards of Care for IAs and BDs, Federal Office of Insurance
October 2, 2009: Finance Committee Rejects Public Plan Option in Health Reform
September 16, 2009: Senate Finance Committee Unveils Health Care Reform Proposal
September 10, 2009: President Calls on Congress to Pass Health Reform
September 8, 2009: Heavy Lift on Health Care/Insurance Reform
September 8, 2009: NAIFA To Work with Bill Sponsors on Proposed Changes to Rules for Qualifying as Independent Contractor
August 4, 2009: Congress Returns Home to Constituent Input on Developing Health Reform Plans
July 29, 2009: No House Health Care Vote Before Labor Day
July 23, 2009: Administration Releases Systemic Risk and Office of National Insurance Proposals
July 21, 2009: Appeals Court Sends SEC Indexed Annuity Rule 151A Back to SEC for Reconsideration
July 17, 2009: House Ways & Means Committee Approves Health Reform Bill
July 15, 2009: Agents and Brokers Blanket Capitol Hill to Lobby Pivotal Health Care Reform Issues
July 14, 2009: Health Reform Pay-Fors Unveiled; Senate HELP Expands “Navigators” to Include Insurance Agents and Brokers
July 14, 2009: House and Senate Hold Hearings on Consumer Protection and Financial Products and Services
July 1, 2009: NAIFA Analysis of Consumer Financial Protection Agency and Impact on Insurance Agents and Financial Advisors
June 24, 2009: NAIFA President Cliff Wilson Testifies Before House Committee
June 19, 2009: House Chairmen Release Health Reform Draft
June 18, 2009: Senate Committee Scrutinizes the Obama Plan for Financial Services Regulatory Reform
June 17, 2009: Obama Administration Unveils Regulatory Overhaul Proposal
June 16, 2009: U.S. House Subcommittee Examines Systemic Risk and the Insurance Industry
June 5, 2009: NAIFA President Cliff Wilson Confers With White House Officials on Insurance Regulation
May 21, 2009: Agent Licensing Reform Legislation Reintroduced in House
May 18, 2009: Senators Baucus and Grassley Release Policy Options for Financing Health Care Reform
May 15, 2009: U.S. House Subcommittee Holds Hearing on Insurance Regulation; Examine OFC, Systemic Risk Regulator and other Options
May 12, 2009: Obama Administration Releases Fleshed-Out Budget Tax Proposals
May 11, 2009: Senate Leader Introduces Bill Limiting Deductible Compensation
May 8, 2009: GAO Issues Report on Insurance Reciprocity and Uniformity
May 7, 2009: Congress Seeks to Create Financial Crisis Inquiry Commission
May 1, 2009: IRS Issues Revenue Rulings on Taxation of Life Settlements
May 1, 2009: California Ballot Initiative Would Tax COLI Death Benefits
April 30, 2009: Congress-Approved Budget Includes Tax Provisions that Pose Grave Risks for Life Insurance; Controversial Health Reform Procedural Protection
April 29, 2009: Senate Special Committee on Aging Holds Hearing on Life Settlements; NAIFA Submits Testimony
April 29, 2009: Diane Boyle Profiles Newly-Confirmed HHS Secretary Kathleen Sebelius
April 27, 2009: NAIFA Sends Letter to Capitol Hill Outlining Position on Insurance Regulation
April 24, 2009: Tentative Budget Agreement Includes Reconciliation for Health Reform Legislation; Budget May Also Require Revenue Raisers that Could Pose Grave Risks for Life and Health Insurance and Annuities
April 23, 2009: Investment Advice Bill Would Limit Source of Employer-Provided Advice to Independent Investment Advisors
April 22, 2009: ERISA Lawmaker Introduces 401(k) Fee Disclosure Bill
April 17, 2009: NAIFA, Over 700 Members Urge SEC to Reject Changes to FINRA Forms U4 and U5
April 3, 2009: NAIFA Analysis of the National Insurance Consumer Protection Act
April 2, 2009: Reps. Bean and Royce Introduce Insurance Regulatory Reform Legislation
March 27, 2009: Senate Banking Committee Holds Hearing on Investor Protection; the SEC and FINRA Weigh in
March 26, 2009: U.S. Treasury Secretary Unveils "Resolution Authority" Proposal and Outlines New Framework for Regulatory Reform
March 26, 2009: House Financial Services Committee Votes to Regulate “Unreasonable or Excessive” Compensation
March 24, 2009: Federal Regulators Call for Broader Authority over Non-Banking Financial Institutions
March 19, 2009: U.S. House of Representatives Passes AIG Bonus Tax Legislation
March 18, 2009: House and Senate Activity Continues on Insurance Regulation, Systemic Risk, AIG, and Deferred Compensation
March 6, 2009: U.S. Congress Holds Hearings to Examine Regulation of Financial Services
February 27, 2009: NAIFA and ACLI Publish STOLI Alert Volume 3, Issue 1
February 26, 2009: Obama Budget Includes Health Reform Funds, Income-Based Taxes
February 20, 2009: ARRA’s New, Temporary Federal Subsidy of COBRA Premiums
February 14, 2009: Congress Enacts American Recovery and Reinvestment Act (ARRA)
February 13, 2009: NAIC and NCOIL File Lawsuit Over SEC Rule 151A
February 10, 2009: Senate Approves Compromise Economic Stimulus Legislation
February 9, 2009: Financial Services Re-Regulation and the Impact on NAIFA and the Insurance Industry
February 4, 2009: President to Sign CHIP Bill Including AHIA-backed Provisions
January 30, 2009: Senate Reauthorizes Children’s Health Program
January 28, 2009: Congress Pushes Forward on Economic Stimulus Legislation
January 23, 2009: Senior Vice President Bill Anderson Profiles Newly Confirmed SEC Commissioner Mary L. Schapiro
January 15, 2009: House Passes SCHIP Expansion
December 23, 2008: Bush Signs Legislation Suspending Penalties for Not Taking Minimum Withdrawals from Retirement Accounts in 2009
December 17, 2008: SEC Adopts Rule 151A
November 21, 2008: NAIFA and ACLI Publish STOLI Alert Volume 2, Issue 4
November 20, 2008: Congress Postpones Vote on Pension Relief Package
November 12, 2008: Senate Finance Chairman Baucus Releases Detailed Health Care Reform Plan
October 24, 2008: Cox and Snow Cite Lack of Financial Services Coordination as Contributor to Market Crisis; Greenspan Differs
October 3, 2008: House Approves Economic Rescue Package
October 2, 2008: Senate Passes Market Rescue Bill; Tax Extenders and Mental Health Parity Included
September 29, 2008: House Rejects Economic Rescue Plan
September 24, 2008: House Financial Services Committee Holds Hearing on Financial Market Crisis
September 23, 2008: Senate Banking Committee Holds Hearing on Market Rescue Plan
September 22, 2008 : House and Senate to Take Up Market Rescue Plan; NAIFA Encourages New Office of Insurance Information
September 17, 2008 : U.S. House of Representatives Advances Legislation to Streamline Agent Licensing
September 16, 2008 : NAIFA-California Blunts Attack on Life Insurance
September 15, 2008: NAIFA Files Comments with SEC on Proposed Rule 151A
August 21, 2008: NAIFA Opposes SEC Indexed Annuity Proposal
July 29, 2008: U.S. Senate Committee on Banking Holds Hearing on the State of Insurance Regulation
July 16, 2008: House & Senate Override President's Medicare Advantage Veto
July 15, 2008: NAIC Life Committee Approves Senior Designations Model Regulation
July 9, 2008: House Insurance Subcommittee Approves Agent Licensing Reform Legislation and Measure to Create Federal Office of Insurance Information
June 16, 2008: NAIFA Questions Intent of FINRA Rule Proposal, Requests Clarification
May 29, 2008: NAIFA and ACLI Publish STOLI Alert
May 22, 2008: U.S. House of Representatives Passes Tax Extender Bill
May 15, 2008: House Ways & Means Committee Approves Tax Extender Package
April 17, 2008: House Subcommittee Holds Hearing on Options for Insurance Regulatory Reform
April 16, 2008: House Passes HSA Documentation Rules
April 8, 2008: House Ways & Means Committee May Impose HSA Documentation Rules
March 31, 2008: U.S. Treasury Department Proposes Far Reaching Financial Services Regulatory Reform Plan
March 21, 2008: NAIFA, AALU and ACLI Issue STOLI Primer
March 13, 2008: U.S. House Introduces the National Association of Registered Agents & Brokers Reform Act
March 13, 2008: Senate Approves Baucus Estate Tax Budget Amendment
March 11, 2008: Senate Finance Committee Chairman Offers Permanent Estate Tax Reform as Budget Amendment
March 7, 2008: Congressional Budget Committees Approve FY 09 Budget Blueprints
February 7, 2008: Economic Stimulus Package Heads to President's Desk
February 4, 2008: President Bush Releases Proposed FY 09 Budget
January 29, 2008: Congressional Reaction to State of the Union

Also see NAIFA Advocacy Updates for watches sent prior to January 2008.