|
LOBBYING REPORT |
Lobbying Disclosure Act of 1995 (Section 5) - All Filers Are Required to Complete This Page
2. Address
| Address1 | 700 NEWPORT CENTER DRIVE |
Address2 |
|
| City | NEWPORT BEACH |
State | CA |
Zip Code | 92660 |
Country | USA |
3. Principal place of business (if different than line 2)
| City |
|
State |
|
Zip Code |
|
Country |
|
|
5. Senate ID# 309754-12
|
||||||||
|
6. House ID# 386250000
|
||||||||
| TYPE OF REPORT | 8. Year | 2021 |
Q1 (1/1 - 3/31) | Q2 (4/1 - 6/30) | Q3 (7/1 - 9/30) | Q4 (10/1 - 12/31) |
9. Check if this filing amends a previously filed version of this report
| 10. Check if this is a Termination Report | Termination Date |
|
11. No Lobbying Issue Activity |
| INCOME OR EXPENSES - YOU MUST complete either Line 12 or Line 13 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 12. Lobbying | 13. Organizations | ||||||||
| INCOME relating to lobbying activities for this reporting period was: | EXPENSE relating to lobbying activities for this reporting period were: | ||||||||
|
|
||||||||
|
|
||||||||
| Provide a good faith estimate, rounded to the nearest $10,000, of all lobbying related income for the client (including all payments to the registrant by any other entity for lobbying activities on behalf of the client). | 14. REPORTING Check box to indicate expense accounting method. See instructions for description of options. | ||||||||
|
Method A.
Reporting amounts using LDA definitions only
Method B. Reporting amounts under section 6033(b)(8) of the Internal Revenue Code Method C. Reporting amounts under section 162(e) of the Internal Revenue Code |
|||||||||
| Signature | Digitally Signed By: Patricia Thompson |
Date | 4/20/2021 5:24:09 PM |
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code TAX
16. Specific lobbying issues
HR 1 Tax Cuts and Jobs Act. ISSUE: Taxation of life insurers. Discussions related to Tax 2.0 Package.
H.R. 6201, Families First Coronavirus Response Act - tax credits for employers regarding coronavirus paid time off. Life Insurance Product and Tax Stabilization Proposals (no bill introduced yet.)
COVID-19 Response Tax Proposals re 7702 and Ordinary Treatment of Bonds (no bill introduced). Extending corporate tax payment deadline.
Wyden Tax Wealth Like Wages (mark-to-market) discussion paper (no bill introduced yet) Life Insurance Product and Tax Stabilization Proposals (no bill introduced yet)
Technical corrections to the Tax Cuts and Jobs Act (bill not introduced) Tax Extenders: H.R. 3301 (no Senate bill introduced yet)
Treasury Guidance on 1035 exchanges.
The Consolidated Appropriations Act of 2021: HR 133
Infrastructure package (no bill introduced yet) - provisions related to the GILTI and BEAT
17. House(s) of Congress and Federal agencies Check if None
U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES, Treasury - Dept of
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Seaver |
Sowers |
|
|
|
Allison |
Shuster |
|
|
|
Jennifer |
Webb |
|
|
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code INS
16. Specific lobbying issues
Discussions related to the following bills introduced from the previous Congress:
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. 133 - Consolidated Appropriations Act of 2021. Year end funding and COVID relief bill. Issue: The CARES Act temporarily suspends the generally accepted accounting principles (GAAP)
S.4325 - Business of Insurance Regulatory Reform Act of 2020 Issue: Insurance exclusion from CFPB jurisdiction.
Wyden/Booker Automated Algorithmic Accountability Act Issue: Automated Underwriting
17. House(s) of Congress and Federal agencies Check if None
U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES, Treasury - Dept of, Federal Reserve System
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Seaver |
Sowers |
|
|
|
Allison |
Shuster |
|
|
|
Jennifer |
Webb |
|
|
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code RET
16. Specific lobbying issues
Department of Labor Fiduciary Rule, SEC Best Interest Standard.
S. 1431 - Retirement Security and Savings Act.
H.R. 1865 Further Consolidated Appropriations Act.
Coronavirus Aid, Relief, and Economic Security Act (CARES) Act Provisions on retirement including: Temporary Waiver of RMD, increase in loan amount from Employer Sponsored Plans, IRS Penalty tax free distribution from eligible retirement plans
SECURE 2.0. (no bill number) Proposal would be next iteration of retirement security policy. S. 1431, Retirement Security and Savings Act of 2019. Retirement Security.
Discussions related to the following bills from the previous Congress:
H.R. 3857 - Protecting Advice for Small Savers Act of 2017 addressing the DOL Fiduciary rule and establishing a best interest standard for financial advisors.
H.R. 4524 - The Retirement Simplification and Enhancement Act of 2017 Issue: Lifetime income provisions.
H.R. 4523 - The Automatic Retirement Plan Act Issue: Retirement Security.
H.R. 3910 - Amends the Internal Revenue Code of 1986 to make lifetime income and managed account options of defined contribution retirement savings plans portable.
H.R. 1994 - Setting Every Community up for Retirement Enhancement Act Issue: Retirement Security.
H.R. 1439 - The Increasing Access to a Secure Retirement Act Issue: measures to bolster Americans retirement security and annuity selection safe harbor. HR 5282/S 2526 - Retirement Enhancement Savings Act.
H.R. 2055/ S. 868 - Lifetime Income Disclosure Act. Issue: lifetime income illustration
Electronic Delivery Advocacy. (no bill number) Proposal would make electronic delivery the default distribution method for plan documents. Opt-out available.
Securing a Strong Retirement (SSRA) Act of 2020. Proposal would be next House iteration of retirement security policy.
H.R. 8990, the Lifetime Income for Employees Act. Expands QDIA regulations.
S. 5064, Improving Access to Retirement Savings Act, includes provisions that were in SSRA, but not included in S. 1431.
H.R. 6800, The HEROES Act. Large, comprehensive COVID-19 relief bill. Includes RMD relief and single employer pension plan relief.
American Rescue Plan of 2021: Budget reconciliation legislation that included a pay-for that impacts retirement savers. Section 9709 would have implement a cost-of-living adjustment freeze for the year 2030 and beyond.
Short-terms Savings: Proposal that would expand hardship distribution rules in order to incentivize and increase short-term savings.
Portable Retirement and Investment Account Act (PRIA): Creates retirement accounts at birth to help establish life long savings/retirement accounts.
S. 222, The American Opportunity Accounts Act: Establishes tax-exempt American Opportunity Accounts to provide children at birth with a $1,000 savings account with annual contributions up to $2,000 depending on family income.
17. House(s) of Congress and Federal agencies Check if None
U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES, Treasury - Dept of, Federal Reserve System, Securities & Exchange Commission (SEC)
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Seaver |
Sowers |
|
|
|
Allison |
Shuster |
|
|
|
Jennifer |
Webb |
|
|
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code CSP
16. Specific lobbying issues
Discussions related to H.R. 6743 Consumer Information Notification Requirement Act. Issue: Cybersecurity. Draft legislation that would require notice of data security breaches. Issue: Cybersecurity and Privacy.
Consumer Data Privacy and Security Act of 2020 Issue: Business interruption insurance.
H.R. 4978 - Online Privacy Act. Issue: Data Privacy
S.- To amend the Electronic Signatures in Global and National Commerce Act to accommodate emerging technologies. Issue: Data Privacy Data Accountability and Transparency Act 2020 (no bill number assigned)
E-Sign Modernization Act, S. 4159
S. 4626 - A bill to establish data privacy and data security protections for consumers in the United States. Issue: Data privacy
17. House(s) of Congress and Federal agencies Check if None
U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Seaver |
Sowers |
|
|
|
Allison |
Shuster |
|
|
|
Jennifer |
Webb |
|
|
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code FIN
16. Specific lobbying issues
H.R. 5084 - Improving Corporate Governance Through Diversity Act.
H.R. 5360 - Closing the Racial Wealth Gap Act.
H.R. 281 - Ensuring Diverse Leadership Act.
H.R. 7946 and S. 4464 - Federal Reserve Racial and Economic Equity Act.
H.R. 1596/S. 627 - The Secure and Fair Enforcement or SAFE Banking Act of 2019.
S. 2201 - The Clarifying Law Around Insurance of Marijuana (CLAIM) Act.
H.R. 1832 - Insurance Fairness for First Responders Act of 2019.
S. 3533 Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020 Potential ESG Legislation.
H.R. 2474/S.664 - Protecting Workers Freedom to Organize Act. To amend the National Labor Relations Act, the Labor Management Relations Act, 1947, and the Labor-Management Reporting and Disclosure Act of 1959. Issue: independent contractor status.
H.R. 6994/S. 3795 - Registration for Index-Linked Annuities Act. To direct the SEC to revise any rules necessary to enable issuers of index-linked annuities to use the securities offering forms that are available to other issuers of securities. Issue: index-linked annuities.
S. Clarifying that the CFPB does not regulate the business of insurance.
Issue: Making Diversity and Inclusion Efforts more Intentional. No bill number assigned. Potential legislation on banning short selling
H.R. 1862/S. 1586 - Federal Insurance Office Abolishment Act of 2019. Issue: FIO reform. Discussions related to the following bills from the previous Congress:
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.
Draft legislation that would require notice of data security breaches. Issue: Cybersecurity and Privacy.
H.R. 7809 - Helping Open Properties Endeavor (HOPE) Act of 2020. This bill establishes an equity facility in the Department of the Treasury to assist commercial mortgage borrowers. Specifically, Treasury must guarantee the purchase by financial institutions of certain equity instruments backed by a commercial mortgage. The bill defines commercial mortgage as a mortgage loan secured by an interest in real property owned for rental income. Borrowers with reduced revenues from their commercial property may qualify for an amount not to exceed 10% of the outstanding amount owed on their commercial mortgage. Issue: Commercial mortgages.
Section 4013 and 4014 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) - Jones/McSally amendment advocating for the inclusion of financial institutions in both provisions.
H.R. 7913 - Financial Institution Forbearance Act. To amend the CARES Act to improve the temporary relief from troubled debt restructurings, and for other purposes. Issue: troubled debt restructurings.
H.R. 7914 - Eliminating CECL Accounting Standard Act. This bill provides that no one shall be required to comply with a specified accounting standard applicable to credit losses (i.e., the current expected credit losses standard, also known as the CECL standard). Issue: CECL
H.R. 1523/S. 526 - Modern Worker Empowerment Act. To amend the Fair Labor Standards Act of 1938 to harmonize the definition of employee with the common law. Issue: employee status.
S.__ Electronic Signatures in Global and National Commerce Act. To amend the Electronic Signatures in Global and National Commerce Act to accommodate emerging technologies. Issue: electronic signatures
Environmental, Social, and Corporate Governance (ESG). No bill number assigned.
17. House(s) of Congress and Federal agencies Check if None
U.S. SENATE, Federal Reserve System, Treasury - Dept of, U.S. HOUSE OF REPRESENTATIVES, Securities & Exchange Commission (SEC)
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Seaver |
Sowers |
|
|
|
Allison |
Shuster |
|
|
|
Jennifer |
Webb |
|
|
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code BUD
16. Specific lobbying issues
H.R./ S.- Financial Services and General Government Appropriations Act. Making appropriations for financial services and general government for the fiscal year ending September 30, 2021, and for other purposes. Issue: SEC, RILA
HR 133 - The Consolidated Appropriations Act of 2021.
17. House(s) of Congress and Federal agencies Check if None
U.S. HOUSE OF REPRESENTATIVES, U.S. SENATE
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Seaver |
Sowers |
|
|
|
Allison |
Shuster |
|
|
|
Jennifer |
Webb |
|
|
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
LOBBYING ACTIVITY. Select as many codes as necessary to reflect the general issue areas in which the registrant engaged in lobbying on behalf of the client during the reporting period. Using a separate page for each code, provide information as requested. Add additional page(s) as needed.
15. General issue area code HOU
16. Specific lobbying issues
CFPB ANPR on HMDA treatment of business or commercial purpose loans made to a non-natural person and secured by a multifamily dwelling. CFPB NPRM on Increasing Transaction Thresholds.
TALF eligibility of commercial mortgage backed securities. Potential CMBS legislation.
17. House(s) of Congress and Federal agencies Check if None
Consumer Financial Protection Bureau (CFPB), U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES, Federal Reserve System, Treasury - Dept of, Federal Housing Finance Agency (FHFA)
18. Name of each individual who acted as a lobbyist in this issue area
| First Name | Last Name | Suffix | Covered Official Position (if applicable) | New |
Seaver |
Sowers |
|
|
|
Allison |
Shuster |
|
|
|
Jennifer |
Webb |
|
|
19. Interest of each foreign entity in the specific issues listed on line 16 above Check if None
Information Update Page - Complete ONLY where registration information has changed.
20. Client new address
| Address |
|
||||||
| City |
|
State |
|
Zip Code |
|
Country |
|
21. Client new principal place of business (if different than line 20)
| City |
|
State |
|
Zip Code |
|
Country |
|
22. New General description of client’s business or activities
LOBBYIST UPDATE
23. Name of each previously reported individual who is no longer expected to act as a lobbyist for the client
|
|
||||||||
| 1 |
|
3 |
|
||||||
| 2 |
|
4 |
|
ISSUE UPDATE
24. General lobbying issue that no longer pertains
|
|
|
|
|
|
|
|
|
AFFILIATED ORGANIZATIONS
25. Add the following affiliated organization(s)
Internet Address:
| Name | Address |
Principal Place of Business (city and state or country) |
||||||||||||
| ||||||||||||||
|
||||||||||||||
26. Name of each previously reported organization that is no longer affiliated with the registrant or client
| 1 | 2 | 3 |
FOREIGN ENTITIES
27. Add the following foreign entities:
| Name | Address |
Principal place of business (city and state or country) |
Amount of contribution for lobbying activities | Ownership percentage in client | ||||||||||
| ||||||||||||||
|
% | |||||||||||||
28. Name of each previously reported foreign entity that no longer owns, or controls, or is affiliated with the registrant, client or affiliated organization
| 1 | 3 | 5 |
| 2 | 4 | 6 |
CONVICTIONS DISCLOSURE
29. Have any of the lobbyists listed on this report been convicted in a Federal or State Court of an offense involving bribery,
extortion, embezzlement, an illegal kickback, tax evasion, fraud, a conflict of interest, making a false statement, perjury, or money laundering?
| Lobbyist Name | Description of Offense(s) |