Decoding D.C.

AALU’s weekly policy update with the latest information from Washington, focused on implementation issues surrounding the Tax Cuts and Jobs Act.

15 Days: Are You Prepared for NY’s Best Interest Rule?

January 17, 2020 Register for Capitol Hill Club Day Transform 2020 is just around the corner… Sign up today to join us for Capitol Hill Club day on April 28th – the final day of Transform. Add your voice to the halls of Congress, meet with your Representatives, and advocate for your profession! To sign...

AALU Endorsed Candidate Spotlight: Rep. Linda Sánchez [D-CA-38]

Rep. Sánchez and AALU Ambassador Marc Schwartz grab coffee in Los Angeles in August of 2019 Rep. Linda Sánchez has been a strong progressive voice for California’s 38th District since 2002. In her 18 years of service, Rep. Sánchez, has become a leader within the Democratic party and a major player among powerful committees in…

AALU’s Historic Advocacy Year in Photos

January 3, 2020 With the strong growth and engagement of AALU Ambassadors, we’ve had an outstanding year! We have built new relationships on Capitol Hill, educated hundreds of lawmakers and staff, and advocated successfully on behalf of your business and your clients. Just this year, we created 55 new relationships between Ambassadors and lawmakers, raised…

AALU WIN: SECURE Act Soon To Be Law

December 20, 2019 SECURE Act Soon to Become Law – Included in Spending Deal Passed Yesterday Financial security professionals received good news this week when congressional leadership included the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) in their end-of-the-year legislative package. On Monday, congressional leadership released the details of…

AALU Scores Advocacy Win with Treasury’s TFV Regulations and More

December 6, 2019 AALU Scores Advocacy Win with Treasury’s TFV Regulations Life insurance practitioners working in the COLI/BOLI marketplace have waited with bated breath for the Treasury Department’s transfer for value regulations since the Tax Cuts and Jobs Act (“TCJA”) was passed in 2017. For readers less familiar with the issue, the TCJA modified the…

Scalia Takes Over DOL Rulemaking, Best PACTOBER Yet, Ambassadors on the Hill

November 8, 2019 Washington Update Ambassadors in Action Left: Greg LaSpisa (AXA), Larry Rybka (Valmark), Sen. Rob Portman (R-OH), George Blaha (Northwestern Mutual), Terry Horan (M Financial) Right: Rich Maus (New York Life), Mark Murphy (Guardian), Republican Whip Steve Scalise (R-LA), Tim McLanahan (M Financial) Left: Rep. Jackie Walorski (R-IN), Brad Stewart (Northwestern Mutual) Right:...

Ambassadors in Action – 11.8.19

Toward the end of the month, a group of our Ohio members (George Blaha, Terry Horan, Gregg LaSpisa, Larry Rybka, and Jason O’Dell) coordinated a lunch for Sen. Rob Portman (R-OH) who sits on the Senate Finance Committee – a powerful committee that has jurisdiction over many of the profession’s issues. The next day, Brad…

Bipartisan INSIGHTS, AALU Board on Capitol Hill, A First for PACTOBER

October 25, 2019 AALU Board of Directors on Capitol Hill During their fall meeting, the AALU Board took to Capitol Hill, just like TRANSFORM participants did during Capitol Hill Club. They shared stories with lawmakers about the important work that you do for your clients every day to help secure their retirement (pun intended), construct…

Meet the Two Newest Members of Congress

The February passing of longtime NC-03 Rep. Walter Jones (R-NC) left a vacancy in his safely red district. This set up a crowded and competitive primary contest for the Republican nomination. The Republican frontrunners, Greg Murphy and Joan Perry, were locked in a seemingly close race headed into the April 30th primary, but with the…

Ambassadors in Action: Maryland, Indiana, & North Carolina

Ambassador David Wexler (M Financial) hosted House Majority Leader Steny Hoyer (D-MD) here in Washington, D.C. The Leader shared his thoughts on the SECURE Act, as well as how the conversation around Democrat revisions to the TCJA would play out going forward. In Charlotte, Ambassadors Charles Stegall (Guardian), Dan Barry (NFP), and Ken Samuelson (NFP)…

PACTOBER 2019 Contributions

Rick Abell Mark Gelbman Brian Olenick James Adkins Kevin Gianfortune David Orsolino Tricia Arnone Morey Goldberg Jeffrey Ostrum Timothy Ash Diana Greenberg-Hudson Brian Pangburn Jason Bach John Griffin Charles Parks Odon Bacque Angelo Haddad Richard Patterson Christy Barilotti Mark Hale Scott Peelen Ryan Barradas Matt Halvorson Nathan Perlmutter Corey Basehore Evan Harnik Walker Person…

Committees of Jurisdiction – Senate Finance

Originally founded in 1815 as the Select Committee on Finance and Uniform National Currency, the Senate Finance Committee is one of the oldest and most powerful committees in the Senate. The Senate Finance Committee holds jurisdiction over taxation, tariffs, mandatory spending, international trade, social security, national debt, and healthcare finance – including Medicare, Medicaid, and…

Ambassadors in Action

Last week, AALU Board Member Berkely Arrants and Harris Fishman sat down for lunch with Senator Pat Toomey (R-PA) in Philadelphia. The senator, who sits on the Senate Finance, Budget, and Banking Committees offered his views on the tax agenda for the remainder of the year, particularly in regards to the SECURE Act and how…

AALU Outlook: Wealth Tax Plans – The Details

Wealth Tax Proposals – The Basics There has been a lot of policy talk and political rhetoric about changing the way America taxes investments, gains, and wealth since the midterm elections. Some of these ideas have surfaced more as statements of intent than concrete details. Others take the form of white paper proposals, while others…