CMFG LIFE INSURANCE COMPANY

Oppose federal taxation of credit unions. H.R. 5707, Secure Family Futures Act, which provides for ordinary tax treatment for bonds for insurers.

Support H.R. 1807, Improving Disclosure for Investors Act of 2023, to provide electronic delivery of SEC regulatory documents. Included in H.R. 2799, Expanding Access to Capital Act.

Support technical corrections to be made to SECURE 2.0 law. Support H.R. 3063, the Retirement Fairness for Charities and Educational Institutions Act. Allows 403(b) retirement plans to invest in unregistered insurance contracts and CITs. Included in H.R. 2799, Expanding Access to Capital Act.

Work to keep insurance regulated by the states and not by the Consumer Financial Protection Bureau or set by international bodies. Oppose legislation to repeal the McCarran-Ferguson antitrust exemption for the business of insurance. Advocate for privacy measures in line with GLBA and HIPAA as applied to financial services. Support H.R. 1165, the Data Privacy Act introduced by HFSC Chairman McHenry. Oppose H.R. 8818, the American Privacy Rights Act, which contains a private right of action and does not include federal preemption or an exemption for GLBA. Support legislation of e-signatures, e-disclosures, and e-notarizations, including E-Sign Modernization Act. Support H.R.1059, SECURE Notarization Act. Support S. 869, the CDFI Bond Guarantee Program Improve Act. Support H.R. 3161, the CDFI Fund Transparency Act, which would require the Fund's Director to testify annually before the HFS and SB Committees. Support increased CDFI and MDI funding in President's FY 2024 Budget Proposal and House Appropriations FSSC Bill. Support H.R. 2891/S. 1323/S. 2860, the Secure and Fair Enforcement Banking SAFE Act and Secure and Fair Enforcement Regulation Banking (SAFER) Act. This bill generally prohibits a federal regulator from penalizing a financial institution for providing services to a legitimate cannabis-related business. Oppose H.R. 3881/S. 1838, the Credit Card Competition Act, a bill that would reduce interchange fees on credit cards. Support H.R. 1807, Improving Disclosure for Investors Act of 2023, to provide electronic delivery of SEC regulatory documents. Included in H.R. 2799, Expanding Access to Capital Act. Support H.R. 500, Financial Exploitation Prevention Act. H.R. 7036, Strengthening Cyber Security for the Financial Sector Act. Working to exclude the "business of insurance" from NCUA's third party vendor bill, keeping insurance regulated by the states. Support H.R. 7440, Financial Services Innovation Act, which develops regulatory pathways for facilitating responsible innovation in fintech.

Work to keep insurance regulated by the states and not by the Consumer Financial Protection Bureau or set by international bodies. Oppose legislation to repeal the McCarran-Ferguson antitrust exemption for the business of insurance. Advocate for privacy measures in line with GLBA and HIPAA as applied to financial services. Support H.R. 1165, the Data Privacy Act introduced by HFSC Chairman McHenry. Oppose H.R. 8818, the American Privacy Rights Act, which contains a private right of action and does not include federal preemption or an exemption for GLBA.Support legislation of e-signatures, e-disclosures, and e-notarizations, including E-Sign Modernization Act. Support H.R. 1059/S. 1212, the SECURE Notarization Act. Support H.R. 2891/S. 1323/S 2860, the Secure and Fair Enforcement Banking SAFE Act and Secure and Fair Enforcement Regulation Banking (SAFER) Act. This bill generally prohibits a federal regulator from penalizing a financial institution for providing services to a legitimate cannabis-related business.