STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY for STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Transportation TRA

H.R. 607 - Booster Seat Safety Act of 2021, related to booster seat testing standards and creating a new testing dummy specifically designed for six-year- old children. Issues relating to regulatory implementation of auto and highway safety matters contained in the bipartisan Infrastructure Investment and Jobs Act (Public Law 117-58). Issues relating to National Highway Traffic Safety Administration's (NHTSA) final new Federal Motor Vehicle Safety Standard (FMVSS) that will make automatic emergency braking (AEB), including pedestrian AEB (PAEB), standard on all passenger cars and light trucks by September 2029.

Contacted: HOUSE OF REPRESENTATIVES; Transportation, Dept of (DOT); SENATE

Bills named: H.R. 607 (118th)

Financial Institutions/Investments/Securities FIN

Issues related to federal data security, breach notification, and consumer data privacy standards for insurance and financial institutions, including H.R. 8818 - the American Privacy Rights Act (APRA).

Contacted: SENATE; Treasury, Dept of; HOUSE OF REPRESENTATIVES

Bills named: H.R. 8818 (118th)

Insurance INS

Cannabis legislation related to insurance and banking issues. Congressional efforts to better understand commercial use of artificial intelligence and its impact on consumers. Issues relating to reauthorization of the National Flood Insurance Program and FEMAs Risk Rating 2.0 flood insurance plan. Issues relating to the Federal Insurance Office's (FIO) proposed climate data call for homeowners' insurance. Issues relating to systemic risk, including the Financial Stability Oversight Council's (FSOC) oversight of insurance issues. Issues relating to the use of artificial intelligence (AI) in financial services. Issues relating climate-related property damage and impacts on insurance markets, including the Wildfire Insurance Coverage Study Act (H.R. 7462). The Insurance Data Protection Act of 2023 (H.R. 5535) concerning the subpoena authority of the Federal Insurance Office. Issues relating to state-based insurance regulation under the McCarran-Ferguson Act and federal initiatives impacting McCarran. Issues relating to the effects of inflation, state regulation, and other factors on the affordability and availability of insurance. Issues relating to Senate Budget Committee Investigation of Insurance Impacts Relating to Climate Change Issues relating to the Federal Housing Finance Agency's (FHFA) Seller/Servicer Guide proposed directive to require consumers to secure replacement cost insurance if they have a federally backed loan. Issues relating to disaster resiliency and expanding coverage for hazard mitigation.

Contacted: HOUSE OF REPRESENTATIVES; Federal Housing Finance Agency (FHFA); Treasury, Dept of; SENATE

Bills named: H.R. 7462 (118th), H.R. 5535 (118th)

Labor Issues/Antitrust/Workplace LBR

Issues relating to DOL/NLRB administrative actions relating to the definition of independent contractor, employee and joint employer.

Contacted: HOUSE OF REPRESENTATIVES; SENATE

Taxation/Internal Revenue Code TAX

Issues related to insurance industry research and development tax credit. (H.R. 2673/S 866). General tax issues related to property and casualty insurance provisions (e.g., discounting for loss reserving, proration rules, life/non-life consolidation rules, and net operating loss carryback and carryforward rules).

Contacted: HOUSE OF REPRESENTATIVES; SENATE; Treasury, Dept of

Bills named: H.R. 2673 (118th)

Torts TOR

Issues related to civil justice reform, including disclosure of third-party litigation funding.

Contacted: HOUSE OF REPRESENTATIVES; SENATE

Budget/Appropriations BUD

Issues relating to the macroeconomic influences of the federal budget decisions (e.g., inflation and interest rates).

Contacted: HOUSE OF REPRESENTATIVES; SENATE