THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY for THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY
What was lobbied
5 issue areas, each in the filer's own words, with who lobbied on it and where.
Financial Institutions/Investments/Securities FIN
FIN - Second Quarter Report - 2015 Public Law 111-203, H.R. 4173 - Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. Qualified Financial Contracts Recordkeeping. Roles of federal and state agencies at the International Association of Insurance Supervisors and the Financial Stability Board. H.R. 9 - Innovation Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. H.R. 601 - Eliminate Privacy Notice Confusion Act. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers. Issue: privacy H.R. 1090, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties H.R. 1478/S. 798 - Policyholder Protection Act of 2015. To amend the Federal Deposit Insurance Act to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength pursuant to such Act. Issue: Source of strength H.R. 1550 - Financial Stability Oversight Council Improvement Act of 2015. Amends the Financial Stability Act of 2010 to require the Financial Stability Oversight Council, when determining whether to subject a U.S. or a foreign nonbank financial company to supervision by the Board of Governors of the Federal Reserve System (Board), including prudential standards, to consider the appropriateness of imposing such standards as opposed to other forms of regulation to mitigate identified risks to U.S. financial stability. Issue: FSOC H.R. 2141 - International Insurance Standards Transparency and Policyholder Protection Act of 2015. This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. Issue: global insurance standards. S. 423 - Privacy Notice Modernization Act of 2015. This bill amends the Gramm-Leach-Bliley Act to exempt from its annual written privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, (2) has not changed its policies and practices with respect to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers, and (3) otherwise provides customers access to such most recent disclosure in electronic or other form permitted by specified regulations. Issue: privacy S. 1086 - International Insurance Capital Standards Accountability Act of 2015. This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers). Issue: financial regulatory reform. S. 1137 - PATENT Act - This bill amends title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections. S. 1484 - Financial Regulatory Improvement Act of 2015. This legislation will improve accountability and transparency in the United States financial regulatory system, protect access to credit for consumers, provide sensible relief to financial institutions. Issue: financial regulatory reform. S. 1491/H.R. 2642 - Community Lender Regulatory Relief and Consumer Protection Act of 2015. This legislation will provide sensible relief to community financial institutions and to protect consumers. Issue: financial regulatory reform Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III Amendment to the Transportation, Housing & Urban Development Appropriations act, to prohibit federal guarantees for mortgages seized through eminent domain. Issue: Mortgage Investments. Financial Services and General Government Appropriations Act, 2016. Making appropriations for financial services and general government for the fiscal year ending September 30, 2016, and for other purposes. Issue: Global insurance standards Issue: Federal Housing Finance Agency proposed rule on federal home loan bank membership. No bill number assigned. Issue: Covered agreements on prudential measures with respect to the business of insurance and reinsurance. No bill number assigned. Tracking: Issue: Patent reform legislation. No bill number assigned.
| Lobbyist | Covered position, as disclosed |
|---|---|
| DOUGLAS P BATES | — |
| STEVEN M RADKE | — |
| ALISON WATSON | — |
Taxation/Internal Revenue Code TAX
TAX - Second Quarter Report - 2015 Tax matters relating to life insurance as proposed in the Presidents FY2016 Budget Proposal, Treasury Greenbook, proposals as regards the fiscal cliff including but not limited to: oModify dividends-received deduction ("DRD") for life insurance company general and separate accounts ISSUE: Taxation of life insurance companies oExpand pro rata interest expense disallowance for interest unrelated to company-owned life insurance ISSUE: Taxation of the business use of life insurance oModify Rules that apply to sales of life insurance contracts ISSUE: The compliance burden and accuracy for life insurance companies oApplication of a Fiscal Crisis Responsibility Fee on to life insurance companies ISSUE: Taxation life insurance companies and products. Tax Reform discussion drafts released and written by the staff of the House Ways & Means Committee or Senate Finance Committee. ISSUE: Taxation of the business use of life insurance and taxation of life insurance companies H.R.1295: Trade Preferences Extension Act of 2015. ISSUE: Interest income reporting by life insurance companies as an offset. H.R.2315: Mobile Workforce State Income Tax Simplification Act of 2013. ISSUE: Withholding from multi-state employees. S. 386: Mobile Workforce State Income Tax Simplification Act of 2013. ISSUE: Withholding from multi-state employees.
| Lobbyist | Covered position, as disclosed |
|---|---|
| DOUGLAS P BATES | — |
| STEVEN M RADKE | — |
| KATHLEEN H SCHLUTER | — |
| ALISON WATSON | — |
Retirement RET
RET - Second Quarter Report - 2015 H.R. 506/ S. 245: Automatic IRA Act of 2015. Issue: retirement security H.R. 557/ S. 266: Retirement Security Act of 2015. Issue: retirement security H.R. 2317/ S. 1317 - Lifetime Income Disclosure Act. Issue: lifetime income illustration H.R. 2656 - The Receiving Electronic Statements to Improve Retiree Earnings Act. Issue: electronic disclosure of retirement plan notices. H.R. 3590 - The Patient Protection and Affordable Care Act, Issue: Assessments under state-based insurance exchanges. H.R. ___/S.___ Draft legislation amending Affordable Care Act provisions on health exchange assessments. Issue: Health Exchange Assessments H.R.___/S.___ Draft legislation to facilitate disability income insurance options for employees. Issue: Disability income insurance.
| Lobbyist | Covered position, as disclosed |
|---|---|
| DOUGLAS P BATES | — |
| STEVEN M RADKE | — |
| ALISON WATSON | — |
Insurance INS
INS - Second Quarter Report - 2015 Public Law 111-203, H.R. 4173- Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation and Regulatory reform. Captive Reinsurance Transactions, Insurance Capital Standards and Global Capital Standards. H.R. 26, Terrorism Risk Insurance Program Reauthorization Act of 2015. Amends the Terrorism Risk Insurance Act of 2002 to extend the Terrorism Insurance Program until December 31, 2020. This bill also 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. Establishes NARAB without contingent conditions as an independent nonprofit corporation to prescribe, on a multi-state basis, licensing and insurance producer qualification requirements and conditions. Issue: Terrorism Insurance, Agent Licensing H.R. 1090, the Retail Investor Protection Act. Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. Issue: Fiduciary Duties Implementation of S. 2270 - Insurance Capital Standards Clarification Act of 2014. The bill would give the Federal Reserve the authority to tailor capital standards for insurance companies subject to Fed supervision. Issue: Capital Standards, Basel III
| Lobbyist | Covered position, as disclosed |
|---|---|
| DOUGLAS P BATES | — |
| STEVEN M RADKE | — |
| ALISON WATSON | — |
Consumer Issues/Safety/Products CSP
CSP - Second Quarter Report - 2015 Public Law 111-203, H.R. 4173- Dodd-Frank Wall Street Reform and Consumer Protection Act. Issue: Implementation, Global Capital Standards and Regulatory reform. H.R. 1770- Data Security and Breach Notification Act of 2015. Legislation that would require certain entities who collect and maintain personal information of individuals to secure such information and to provide notice to such individuals in the case of a breach of security involving such information. Issue: Cybersecurity and Privacy. H.R. 2205 - Data Security Act of 2015 - Requires individuals, corporations, or other non-government entities that access, maintain, communicate, or handle sensitive financial account information or nonpublic personal information to implement an information security program and to notify consumers, federal law enforcement, appropriate administrative agencies, payment card networks, and consumer reporting agencies of certain data breaches of unencrypted sensitive information likely to cause identity theft or fraudulent transactions on consumer financial accounts. Issue: Cybersecurity and Privacy. S. ___, Draft legislation that will establish strong and uniform national data security and breach notification standards for electronic data, and to expressly preempt any related state laws in order to prove the Federal Trade Commission with authority to enforce such standards for entities covered under this Act. Issue: Cybersecurity and Privacy. S.___ - Draft legislation that would require notice of data security breaches. Issue: Cybersecurity and Privacy. S. 177 - Data Security and Breach Notification Act of 2015. Requires the Federal Trade Commission (FTC) to promulgate regulations requiring commercial entities, nonprofit and for-profit corporations, estates, trusts, cooperatives, and other specified entities that own or possess data containing personal information (covered entities), or that contract to have a third-party maintain or process such data for the entity, to implement information security policies and procedures for the treatment and protection of personal information. Issue: Cybersecurity and Privacy. S. 754 - Cybersecurity Information Sharing Act of 2014, draft legislation incentivizes the sharing of cybersecurity threat information between the private sector and the government and among private sector entities. Issue: Privacy S. 961 - Data Security Act of 2015 - Requires individuals, corporations, or other non-government entities that access, maintain, communicate, or handle sensitive account information or nonpublic personal information to implement an information security program and to notify consumers, federal law enforcement, appropriate administrative agencies, payment card networks, and consumer reporting agencies of certain data breaches of unencrypted sensitive information likely to cause identity theft or fraudulent transactions on consumer financial accounts. Issue: Cybersecurity and Privacy.
| Lobbyist | Covered position, as disclosed |
|---|---|
| DOUGLAS P BATES | — |
| STEVEN M RADKE | — |
| ALISON WATSON | — |
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.