AZOA SERVICES CORP(ALLIANZ OF AMERICA) FORMERLY AZOA SERIVCES CORP/FIREMAN'S FUND(ALLIANZ OF AMERICA for AZOA SERVICES CORP(ALLIANZ OF AMERICA) AND AFFILIATES
What was lobbied
6 issue areas, each in the filer's own words, with who lobbied on it and where.
Banking BAN
The Dodd-Frank Wall Street Reform and Consumer Protection Act: Follow implementation oto this legislation which would create a new systemic-risk regulation for systemically-significant firms and a resolution mechanism for failing firms. This includes the designation of firms as "systemically"imporant financial institutions.Follow meetings and proposed rules of the Financial Stability Oversight council (FSOC) and the establishment of the Federal Insurance Office and Consumer Financial Protection Bureau. Closely follow the FSOC's proposed rule to implement SEC.113 of the Dodd-Frank Act, which would establish criteria for the designation of non-bank firms as "systemically"important financial institutions. Mark to market accounting: follow SEC and FASB action regarding guidance and clarification of mark to market accounting.
Foreign entity interest: As the ultimate parent of this registrant, Allianz SE, disclosed on Form LD-1 has an interest in the issues lobbied.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PETER A LEFKIN | — |
| ANDREW STEVENS | — |
Financial Institutions/Investments/Securities FIN
Derivatives: Monitor new rules and changes of regulation for derivatives and commodity indexed funds and activity within Congress, especially in the context of the Wall Street Reform and Consumer Protection Act and implementation by the CFTC. Systemic Risk: Argue that asset managers should not be designated as systemically imporant financial institutions under SEC.113 of Dodd-Frank. Also, track, international developments regarding systemic risk designation.Consumer Financial Protection Bureau: Monitor inclusion of this new agency in H.R. 4173, the Wall Street Reform and Consumer Protection Act and its implementation. Target Date Funds: Monitor possible legislation and SEC as well as Department of Labor regulatory activities. SEC and Money Markets: Monitor and see proposed SEC regulations. Mutual Funds: Advocate for the ability to defer annual capital gains taxation of dividends that are reinvested in mutual funds. Lobby in favor of H.R. 4623, to make permanent rules related to investment by nonresident aliens in domestic Mutual funds. Fiduciary Duty: Monitor SEC's efforts to establish a uniform fiduciary duty standard of investment advisers and broker-dealers. Monitor the DOL's efforts to change the fiduciary standard under ERISA. Whistleblower Program: Monitor and oppose SEC Rulemaking implementing a provision in the Dodd-Frank Act that creates a new whistleblower program with the agency. CFTC: Argue against rule that would impose position limits on commodity index mutual funds. Lifetime Income Disclosure: Lobby in favor of H.R. 2171, the Lifetime Income Disclosure Act. Lobby in support of DOL's Advance Notice of Proposed Rulemaking regarding Lifetime Income Illustrations' on deferred contribution plan statements.
Foreign entity interest: As the ultimate parent of the registrant, Allianz SE, disclosed on Form LD-1, has an interest in the issues lobbied
| Lobbyist | Covered position, as disclosed |
|---|---|
| PETER A LEFKIN | — |
| ANDREW STEVENS | — |
Taxation/Internal Revenue Code TAX
Cascading taxes for foreign owned insurers: Advocate against measure in Congress and from the Obama Administration that would lead to imposition of an excise tax twice when insurance for reinsurance misplace from the U.S. to a foreign company and then when the foreign company reinsures the U.S. risk.Foreign Account Tax Compliance Act - Follow implementation of FATCA which became law in March 2010. The ACT increases reporting and withholding requirements for foreign financial firms. Exchange traded notes: for PIMCO followed issues through trade association, Investment company Institute, ETN's are an alternative to mutual funds and enjoy a tax preference. Treasury has recently weighed in and may view this current tax treatment as not appropriate. Related-party reinsurance taxation: Advocate against legislation by Rep. Richard Neal (D-MA) and Sen. Robert Menendez (D-NJ) that would prohibit offshore reinsurance affiliates of insurance companies and not required to pay U.S. taxes from taking deductions for "excel reinsurance premiums" for domestic risks. Monitor and oppose tax proposals in connection with deficit reduction negotiations developed by the super committees that would change existing tax laws and increase tax requirements for life insurance. Tax Extenders: monitored possible extensions of "tax extenders" of certain tax provisions set to expire. Monitor efforts to overhaul tax code: Lobby in support of existing law regarding retirement savings products, including inside buildup of life insurance and annuity products, and tax deferral of 401 (k) contributions.
Foreign entity interest: As the ultimate parent of the registrant, Allianz SE, disclosed on Form LD-1, has an interest in the issues lobbied.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PETER A LEFKIN | — |
| ANDREW STEVENS | — |
Retirement RET
401 (k) disclosure: Track Department of Labor rulemaking regarding 401(k) fee disclosure. Lifetime Income Disclosure Act: Follow introduction and lobby for legislation that would require 401(k) plan participants and annual statement projecting the monthly income that would be generated if the account balance were amortized at retirement. This is H.R. 677 in the House and S.267 in the Senate. Argue against possible changes to the tax treatment of life insurance products.
Foreign entity interest: As the ultimate parent of the registrant, Allianz SE, disclosed on Form LD-1, has an interest in the issues lobbied.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PETER A LEFKIN | — |
| ANDREW STEVENS | — |
Insurance INS
Financial Services Regulatory Reform: Lobby for favorable implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 regarding insurers, including the possible designation of insurers and asset management companies as systemically important by the Financial Stability Oversight Council.Also, lobby for robust and effective Federal Insurance Office. Also with key trade associations, worked on regulatory strategy for the implementation of Dodd-Frank. Holocaust insurance issues/ICHEIC: Monitored and lobbied against legislation (H.R. 890) that would allow a cause of action against U.S. insurance companies and with European affiliates that may have written life insurance policies involving Holocaust victims in contravention of international agreements and lobbied against its advancement. Credit-based insurance scored: Monitor legislation that would restrict the ability of personal lines insurers to use credit information of underwriting or setting rates. Climate and energy legislation: Monitor White House, Department of Energy and Environmental Protection Agency "better Building Initiative" monitored General Services Administration initiative on green buildings and related sustainable products. National Catastrophe/Flood Insurance: Track Reintroduction and House passage of National Flood Insurance Reform legislation in the House, H.R. 1309, track companion legislation in the Senate. Monitor H.R. 41 raising the PIP's borrowing authority and providing direct assistance for areas affected by Hurricane Sandy. Broker-dealer regulatory reform/standard of care: monitor Securities and Exchange commission and Department of Labor rulemaking regarding investment advisors and broker-dealers and the fiduciary duty standard. Annuities: Track and lobby for the Lifetime Income Disclosure Act, S.267. Department of Labor Fiduciary Duty Rulemaking. Monitor and lobby against Department of Labor rulemaking that would expand the definition of "fiduciary" under ERISA. Medicare Secondary-Payer: Through trade association, tract efforts by the Center on Medicare and Medicaid Service to implement the Medicare Secondary-payer law. Terrorism Risk Insurance: Lobby in support to extending the Federal TRIA program.
Foreign entity interest: As the ultimate parent of the registrant, Allianz SE, Disclosed on Form LD-1, has an interest in the issues lobbied.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PETER A LEFKIN | — |
| ANDREW STEVENS | — |
Torts TOR
Legal/Tort Reform: track the progress of the insurance industry's collaboration on legal reform tort issues at the federal and state levels.
Foreign entity interest: As the ultimate parent of the registrant, Allianz SE, disclosed on Form LD-1, has an interest in the issues lobbied.
| Lobbyist | Covered position, as disclosed |
|---|---|
| PETER A LEFKIN | — |
| ANDREW STEVENS | — |
Foreign entities
Foreign owners and affiliates the filer disclosed. Amounts are as declared on this filing.
| Entity | Country | Principal place of business | Ownership | Contribution declared |
|---|---|---|---|---|
| ALLIANZ SE | Germany | Germany | 100.0% | — |
Affiliated organisations
| Organisation | Location |
|---|---|
| ALLIANZ GLOBAL ASSISTANCE | Richmond, VA, US |
| ALLIANZ GLOBAL CORPROATE & SPECIALIT | New York, NY, US |
| ALLIANZ LIFE INSURANCE COMPANY | Minneapolis, MN, US |
| FIREMAN'S FUND INSURANCE COMPANY | Novato, CA, US |
| PACIFIC INVESTMENT MANAGEMENT COM | Newport Beach, CA, US |
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.