PRINCIPAL FINANCIAL GROUP for PRINCIPAL FINANCIAL GROUP
What was lobbied
7 issue areas, each in the filer's own words, with who lobbied on it and where.
Taxation/Internal Revenue Code TAX
Comprehensive Taxation reform - No bill attached.H.CON.RES.96: Sets forth the Congressional budget for the federal government for FY2014, including the appropriate budgetary levels for FY2015 - FY2023. Tax implication for retirement and life insurance products. H.R. 83, the "Consolidated and Further Continuing Appropriations Act, 2015," which provides fiscal year 2015 full-year appropriations through September 30, 2015 for all agencies except the Department of Homeland Security, for which appropriations are provided instead through February 27, 2015. Tax implication for retirement and life insurance products. H.R. 2720 prevent identity theft and tax fraud by ending the required publication of the DMF list. H.R. 4429: Permanent Active Financing Exception Act of 2014 - Amends the Internal Revenue Code to make permanent the subpart F foreign personal holding company income exemption for income that is derived in the active conduct of a banking, financing, or similar business, as a securities dealer, or in the conduct of an insurance business. H.R. 4464: Permanent CFC Look-Through Act of 2014 - Amends the Internal Revenue Code to make permanent the tax rule exempting dividends, interest, rents, and royalties received or accrued from certain controlled foreign corporations by a related entity from treatment as foreign holding company income (thus permitting tax deferral of such income). H.R.5771 - To amend the Internal Revenue Code of 1986 to extend certain expiring provisions and make technical corrections, to amend the Internal Revenue Code of 1986 to provide for the tax treatment of ABLE accounts established under State programs for the care of family members with disabilities, and for other purposes. Tax implication for retirement and life insurance products. S. 676 prevent identity theft and tax fraud by ending the required publication of the DMF list. S. 2260: Expiring Provisions Improvement, Reform, and Efficiency Act of 2014 or the EXPIRE Act of 2014 - Amends the Internal Revenue Code to extend through 2015 expiring tax provisions pertaining to individual and business taxpayers and the energy sector. HR 647/S 313: Achieving a Better Life Experience Act of 2013 or the ABLE Act of 2013 - Amends the Internal Revenue Code to establish tax-exempt ABLE accounts to assist an individual with a disability in building an account to pay for qualified disability expenses. No. bill #: The Preserving Americas Transit and Highways Act-Tax implication for retirement and life insurance products. H.R.5021: Highway and Transportation Funding Act of 2014: Tax implication for retirement and life insurance products
| Lobbyist | Covered position, as disclosed |
|---|---|
| PATTI BLUMER | — |
| RICHARD COOPER LAWSON | — |
| JASON A. LIPKA | — |
| CHIRSTOPHER PAYNE | — |
Retirement RET
S. 606: Shrinking Emergency Account Losses Act of 2013 - Amends the internal Revenue Code, with respect to loans made from a qualified employer plan to: (1) extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed, and (2) prohibit plans from allowing the use of credit cards or similar arrangements to access loan amounts. DOL and SEC proposed rules to amend the definition of fiduciary.HR 2117: Retirement Plan Simplification and Enhancement Act of 2013 - Amends the Internal Revenue Code (IRC) to repeal the 10% cap on the qualified percentage of an employee's compensation as the standard for an employer's contribution to an automatic cash or deferred contribution arrangement under the alternative method for meeting nondiscrimination requirements. HR 2374: Retail Investor Protection Act of 2013 - Amends the Securities Exchange Act of 1934 to provide protections for retail customers and for other purposes. Also defines the circumstances under which an individual is considered a fiduciary. H.R.2171/S.1145: Lifetime Income Disclosure Act-Amends the Employee Retirement Income Security Act of 1974 (ERISA) to require the quarterly pension benefit statement furnished to a participant or beneficiary with the right to direct the investment of assets in his or her account under an individual account plan to include a lifetime income disclosure at least once during any 12-month period. H.R.5381/S.2855: Amends the Internal Revenue Code, with respect to nondiscrimination requirements for tax-exempt employee pension, profit-sharing, and stock bonus plans, to include protections for older, longer service participants in such plans, including the grandfathering of such participants under defined benefit plans. S. 1270: SAFE Retirement Act-A bill to amend the Internal Revenue Code of 1986 to provide for reform of public and private pension plans. S. 1970: Retirement Security act of 2013-provides enhancements to the existing defined contributions system and multiple employer plans. S.1979: USA Retirement Funds Act-A bill that proposes the creation of a new type of private-run retirement plan that combines attributes of defined benefit and defined contribution plans.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PATTI BLUMER | — |
| RICHARD COOPER LAWSON | — |
| JASON A. LIPKA | — |
| CHIRSTOPHER PAYNE | — |
Health Issues HCR
HR1798: Dental Insurance Fairness Act of 2013 - Amends the Employee Retirement Income Security Act of 2013 (ERISA) to prescribe certain health care coverage value requirements for dental benefits under self-insured group health plans. HR.3120/S.1522: Comprehensive Dental Reform Act of 2013 - Amends titles XVIII (Medicare) and XIX (Medicaid) of the Social Security Act to cover dental services.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PATTI BLUMER | — |
| RICHARD COOPER LAWSON | — |
| JASON A. LIPKA | — |
| CHIRSTOPHER PAYNE | — |
Trade (domestic/foreign) TRD
U.S.China Strategic and Economic Dialogue (S&ED) TransPacific Partnership, Trade Promotion Authority, Bi-lateral agreements
| Lobbyist | Covered position, as disclosed |
|---|---|
| PATTI BLUMER | — |
| RICHARD COOPER LAWSON | — |
| JASON A. LIPKA | — |
| CHIRSTOPHER PAYNE | — |
Accounting ACC
HR 1564/S.1526 Audit Integrity and Job Protection Act - Amends the Sarbanes-Oxley Act of 2002 (SOX) to deny the Public Company Accounting Oversight Board any authority to require that audits conducted for a particular issuer of securities in accordance with SOX standards be conducted by specific auditors, or that such audits be conducted for an issuer by different auditors on a rotating basis.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PATTI BLUMER | — |
| RICHARD COOPER LAWSON | — |
| JASON A. LIPKA | — |
| CHIRSTOPHER PAYNE | — |
Financial Institutions/Investments/Securities FIN
Public Law 111-203, HR 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act implementation and regulatory reform. HR 634: Business Risk mitigation and Price-Stabilization Act of 2013 - Amends the Commodity Exchange Act (CEA) to exempt, from the rules of prudential regulators for swap dealers and major swap participants with respect to initial and variation marginrequirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties: (1) is eligible for an exception from clearing requirements for certain significant price discovery agreements, contracts, or transactions in a commodity exempt from regulation by the Commodity Futures Trading Commission (CFTC); or (2) satisfies specified criteria governing treatment of affiliates in connection with clearing requirements. HR 992: To amend provisions in Section 716 of the Dodd-Frank Wall Street Reform and Consumer Protection At relating to Federal assistance for swap entities. HR 1003: Amends the Commodity Exchange Act to revise the requirement that the Commodity Futures Trading Commission (CFTC), before promulgating a regulation or issuing an order, consider the costs and benefits of the action. Requires the CFTC, through the Office of the Chief Economist, to: (1) assess the costs and benefits, both qualitative and quantitative, of an intended regulation; and (2) propose or adopt a regulation only on a reasoned determination that the benefits justify the costs. HR 1256: Swap Jurisdiction Certainty Act - Directs the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to issue rules jointly governing the application of swaps requirements of the Securities Exchange Act of 1934 and the Commodity Exchange Act, respectively, in connection with swaps and security-based swaps transacted between U.S. persons and non-U.S. persons. HR 2374: Retail Investor Protection Act - To amend the Securities Exchange Act of 1934 to provide protections for retail customers, and for other purposes.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PATTI BLUMER | — |
| RICHARD COOPER LAWSON | — |
| JASON A. LIPKA | — |
| CHIRSTOPHER PAYNE | — |
Insurance INS
HR 1155: National Association of Registered Agents and Brokers Reform Act of 2013 - Amends the Gramm-Leach-Bliley Act to repeal the contingent conditions under which the National Association of Registered Agents and Brokers (NARAB) shall not be established. Reestablishes the NARAB without contingent conditions as a nonprofit corporation to prescribe, on a multi-state basis, licensing and insurance producer qualification requirements and conditions.HR 508: TRIA Reauthorization Act of 2013 - Amends the Terrorism Risk Insurance Act of 2002 to extend the Terrorism Insurance Program until December 31, 2019 (under current law the Program expires on December 31, 2014). HR 1945: Fostering Resilience to Terrorism Act of 2013 - Amends the Terrorism Risk Insurance Act of 2002 to revise the definition of an "act of terrorism" to mean any act that is certified as meeting the specified criteria for such n act by the Secretary of Homeland Security (DHS), in concurrence with the Secretary of the Treasury (currently, by the Secretary of the Treasury in concurrence with the Secretary of State). Extends the Terrorism Insurance Program until December 31, 2024 (under current law, the Program expires on December 31, 2014). HR 2140: Insurance Capital and Accounting Standards Act of 2013 - Amends the Dodd-Frank Wall Street Reform and Consumer protection Act (Dodd-Frank) and the Home Owners' loan Act to make minimum leverage and risk-based capital requirements governing insurance companies under the state law also apply to insurance companies that are either depository holding companies or subsidiaries of depository holding companies. HR 2146: Terrorism Risk insurance program Reauthoriation Act of 2013 - Amends the Terrorism Risk insurance Act of 2002 to extend from December 31, 2014, through December 31, 2024, the Terrorism Risk insurance program. Extends to September 30, 2027, the deadline by which the Secretary of the Treasury is required to collect all mandatory premiums for any act of terrorism occuring on or after January 1, 2012. HR 4510: Insurance Capital Standards Clarification Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) concerning establishment of minimum leverage and minimum risk-based capital requirements on a consolidated basis for a depository institution holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System. H.R. 5623 Living Donor Protection Act: the bill is designed to "to promote organ donation and protect the rights of living organ donors" by prohibiting life, disability and long term care companies from denying coverage, limiting coverage or charging higher premiums for organ donors. S 534: National Association of Registered Agents and Brokers Reform Act of 2013 - Amends the Gramm-Leach-Bliley Act to repeal the contingent conditions under which the National Association of Registered Agents and Brokers (NARAB) shall not be established. Reestablishes the NARAB without contingent conditions as a nonprofit corporation to prescribe, on a multi-state basis, licensing and insurance producer qualification requirements and conditions. S1369: Additional flexibility to the Board of Governors of the Federal Reserve System to establish capital standards that are properly tailored to the unique characteristics of the business of insurance. S.1926: A bill to delay the implementation of certain provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 and to reform the National Association of Registered Agents and Brokers, and for other purposes. S.2102: A bill to clarify the application of certain leverage and risk-based requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act. S.2270: Insurance Capital Standards Clarification Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) concerning establishment of minimum leverage and minimum risk-based capital requirements on a consolidated basis for a depository institution holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System. H.R.5461: To clarify the application of certain leverage and risk-based requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act, to improve upon the definitions provided for points and fees in connection with a mortgage transaction
| Lobbyist | Covered position, as disclosed |
|---|---|
| PATTI BLUMER | — |
| RICHARD COOPER LAWSON | — |
| JASON A. LIPKA | — |
| CHIRSTOPHER PAYNE | — |
Shown as published by the Senate Office of Public Records and the House Clerk under the Lobbying Disclosure Act. The official filing is the record; open it for the full form.