AALU Library

The AALU Library gives you access to all your premium content. With all the best information organized in one place and searchable, it has never been easier to find the information to help you maximize your business. From deeper dives into diverse topics with our Washington Report Marketplaces to issue one-pagers and webinars featuring industry leaders with decades of experience, the AALU Library is your one-stop-shop for policy and professional updates.

Base Spending Levels & Caps – FY 2020-FY 2021

Base Spending Levels & Caps – FY 2020-FY 2021 The fiscal 2020 base spending caps would be set at: $666.5 billion for defense — $90.3 billion increase over current fiscal year 2020 cap, $19.5 billion more than in fiscal year 2019. $621.5 billion for non-defense — $78.3 billion increase over current cap, $24.5 billion more…

Congress’ Summer Work Period: Educate Your Representatives – the Easy Way!

Join the growing number of AALU members who are meeting their representatives through AALU’s Political Affairs department. Building relationships with lawmakers and their staff – is a crucial part of what we do as an organization to promote and protect the profession. Share your stories to educate your representatives, and show how your business benefits…

Two-Year Budget Deal | Regulatory CHART | Advocacy Made Easy

July 26, 2019 This Week in Washington Congress and White House Agree to Two-Year Budget and Debt Ceiling Deal This week congressional leaders and the president reached an agreement on a two-year budget and debt ceiling deal. The House passed the deal yesterday (H.R. 3877) on a 284-189 bipartisan vote after both Democratic and Republican...

State + Federal Regulatory Links

Regulatory Chart – Links + Articles – July 2019 SEC Summary: Drinker: Read here Text: SEC Standard of Conduct Rule – Fiduciary Rule SEC Standard of Conduct Rule – Reg BI SEC Standard of Conduct Rule – Solely Incidental Fact Sheet: https://www.sec.gov/news/press-release/2019-89 Clayton Statement: https://www.sec.gov/news/public-statement/statement-clayton-060519-iabd NAIC Summary: https://insurancenewsnet.com/innarticle/iowa-proposes-naic-annuity-standard-that-eclipses-suitability#.XScuXC2ZP-Y Text: http://ncoil.org/wp-content/uploads/2019/03/NAIC-Annuity-Suitability-Amendments.pdf NY Summary: https://gallery.mailchimp.com/70dcb8cac70b41a6005c6feb6/files/4df6ab0b-453e-4e1b-a8fc-7800516d157d/2019_04_04_NY_187_Summary_and_Checklist.pdf?utm_source=AALU+Decoding+D.C.+Subscribers&utm_campaign=5be6d91597-EMAIL_CAMPAIGN_2017_08_21_COPY_01&utm_medium=email&utm_term=0_6afbc67437-5be6d91597-788561 Text: https://www.dfs.ny.gov/docs/insurance/r_finala/2018/rf187a1txt.pdf…

New York’s New “Best Interest” Regulation 187 Applies to Annuity Transactions on August 1—Are Producers Ready? Here’s What You Need to Know.

Topics: Best interest, Regulatory

July 17, 2019 WRN 19.07.17 Whether producers are ready or not, New York’s new “Best Interest” rule Regulation 187 (“the Rule”) will first apply next month, August 1st, for annuity transactions, and on February 1, 2020 for life insurance transactions. As we summarized in our previous Issue Alert, the Rule makes important changes that require…

First Democratic Debates: Aftermath by the Numbers

Below are national polling averages from both before and after the debates. Former Vice President Joe Biden took the biggest dip, while Sen. Kamala Harris (D-CA) more than doubled her share of support. While Biden remains the overall leader, Harris’s surge in polling shows that her debate performance resonated heavily with voters – at least…

Ambassadors in Action: Jeff Peterson with Rep. Mike Thompson (D-CA) & Gabe Schulman with Rep. Debbie Lesko (R-AZ)

This past Monday, AALU Ambassador Jeff Peterson hosted Rep. Mike Thompson at the Northwestern Mutual Offices in San Francisco. Rep. Thompson, who represents Northern California’s 5th district which covers Napa Valley, has long been a champion of financial and retirement security issues facing our industry and consumers. The conversation was a productive one, with Jeff…

Efforts To Pass SECURE Act Before August Recess Face Hurdles In Senate

The most expedient way to pass the SECURE Act before August is through unanimous consent—the procedure by which a bill can be passed without the usual debate and amendment procedures because all senators agree. However, it only takes one senator to block this route, and three senators currently have objections. Sen. Ted Cruz (R-TX) wants…