PACIFIC LIFE INSURANCE COMPANY for PACIFIC LIFE INSURANCE COMPANY
What was lobbied
5 issue areas, each in the filer's own words, with who lobbied on it and where.
Taxation/Internal Revenue Code TAX
Issue: Ordinary treatment of bonds. Issue: Implementation of corporate minimum tax in Inflation Reduction Act of 2022. Issue: Ordinary treatment bill - Secure Family Futures Act of 2023, or H.R. 5707 Issue: Life Insurance Tax Stabilization Proposal (no bill introduced yet)
| Lobbyist | Covered position, as disclosed |
|---|---|
| SEAVER SOWERS | — |
| SANDY SUSSMAN New | — |
Insurance INS
Issue: Private equitys growing role in the insurance industry. Issue: Chairman Wydens investigation of Private Placement Life Insurance (PPLI). Issue: H.R. 1807, E-delivery legislation. Issue: Request for information from Congress regarding the diversity and inclusion information in the insurance industry.
| Lobbyist | Covered position, as disclosed |
|---|---|
| SEAVER SOWERS | — |
| SANDY SUSSMAN New | — |
Retirement RET
Issue: 403(b) parity Issue: Reforming DOLs pension risk transfer bulletin, 95-1. American Worker Savings & Wealth Creation Plan Act: Would create a federally run retirement plan, similar to the TSP, that would be available to all private sector workers whose employer signs up for the plan. No bill yet. Issue: Technical corrections on catch up contributions under SECURE 2.0 Issue: SEC market conduct rulemakings Issue: Fiduciary rulemaking. Issue: H.R. 3942, Lifetime Income for Employees (LIFE) Act of 2022: Amends the current rules for qualified default investment alternatives to facilitate the use of an annuity component will expand the availability of guaranteed returns and guaranteed lifetime income that help savers secure their retirement futures. Issue: H.R. 4237, Ensuring Sound Guidance Act: Would require investment advisers and ERISA retirement plan sponsors to prioritize financial returns over non-pecuniary factors when making investment decisions on behalf of their clients. Issue: S. 2517, H.R. 4924, The Auto Reenroll Act of 2023: The bill allows plan sponsors to re-enroll non-participants at least once every three years, unless the individual affirmatively opts-out again. The bill also permits plans to sweep all eligible employees as a group for re-enrollment and does not change the automatic enrollment safe harbors
| Lobbyist | Covered position, as disclosed |
|---|---|
| SEAVER SOWERS | — |
| SANDY SUSSMAN New | — |
Consumer Issues/Safety/Products CSP
H.R. 1165 Data Privacy Act of 2023 - The bill amends Title V of the Gramm-Leach-Bliley Act (GLBA) to include a number of new consumer protections, establishing requirements for covered entities to disclose the types and uses for data being collected, along with an opt-out function. The legislation, which would preempt state law, also mandates more transparent and easily understandable privacy terms and conditions. Issue: Data Privacy Issue: Draft legislation that would require notice of data security breaches. Issue: Cybersecurity and Privacy.
| Lobbyist | Covered position, as disclosed |
|---|---|
| SEAVER SOWERS | — |
| SANDY SUSSMAN New | — |
Financial Institutions/Investments/Securities FIN
Issue: Cannabis legislation Issue: FHLBank System Issue: Environmental, Social, and Corporate Governance (ESG). No bill number assigned. Issue: Oversight of credit rating agencies Issue: Regulation Best Interest Issue: H.R.1059/S. 1212 - Securing and Enabling Commerce Using Remote and Electronic Notarization Act.
| Lobbyist | Covered position, as disclosed |
|---|---|
| SEAVER SOWERS | — |
| SANDY SUSSMAN New | — |
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.