SHARMILA SWENSON

H.J.Res. 142 (Congressional Review Act). Outreach on the proposed vote on the Congressional Review Act resolution to disapprove the US Department of Labor Fiduciary Rule; urging Congress to review and then disapprove of the rule. Judicial Stay of Effective Rule date. Outreach on the decision to issue a stay halting the DOL Fiduciary Rule by the US District Court for the Northern District of Texas.

U.S. Department of Labor (DOL) fiduciary regulation specifically concerns about the DOL's Employee Benefits Security Administration (EBSA) proposed and then finalized rule, "Retirement Security Rule: Definition of an Investment Advice Fiduciary" and related prohibited transaction amendments. The rule would institute a fiduciary standard and dramatically change who is allowed to sell products. This could be detrimental to the people it is meant to help the most (underserved and BIPOC communities), and that the Securities and Exchange Commission's (SEC's) Regulation Best Interest (Reg BI) rule, the National Association of Insurance Commissioners' (NAIC's_ model Best Interest regulation, and the DOL's proposed impartial conduct standard provide guidance for those advisers already held to their client's best interest standards. Discussions included advocacy for the dismissal of the rule and consideration of a potential Congressional Review Act after finalization.

Jobs Act S.161 and Workforce Pell H.R.793. Support for establishing Pell Grant eligibility for short-term programs. Increase Pell maximum award amount in FY budget requests. SNAP E&T Enlacement Act H.R.5362. Support for streamlining applications and increasing SNAP benefit access by college students via the Farm Bill.

U.S. Department of Labor (DOL) fiduciary regulation. Specifically, concerns about the DOL's Employee Benefits Security Administration (EBSA) recently proposed rule, the "Retirement Security Rule: Definition of an Investment Advice Fiduciary" and related prohibited transaction amendments. In its current form, the rule would be detrimental to the people it is meant to help the most (underserved and BIPOC communities), and that the Securities and Exchange Commission's (SEC's) Regulation Best Interest (Reg BI) rule, the National Association of Insurance Commissioner's (NAIC's) model Best Interest regulation, and the DOL's proposed impartial conduct standard provide guidance for those advisers already held to their client's best interest standards.

SYMETRA LIFE INSURANCE COMPANY

SYMETRA LIFE INSURANCE COMPANY

SYMETRA LIFE INSURANCE COMPANY