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.
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.
Duration: February 22, 2021
to
present
General Issues: Financial Institutions/Investments/Securities , Education , Economics/Economic Development , Insurance , Agriculture , Housing , Transportation , Civil Rights/Civil Liberties , Retirement , Health Issues , Taxation/Internal Revenue Code , Law Enforcement/Crime/Criminal Justice
Spending: about $0 (But it's complicated. Here's why.)
It can be tricky to figure out how much an organization spent on a particular lobbying engagement. The law only requires lobbyists to report the amount they were paid for federal lobbying each quarter rounded to the nearest $10,000—and if it's less than $3,000 in a given quarter (or less than $13,000 for organizations with in-house lobbyists), they don't have to disclose it at all. Plus, some organizations include spending that doesn’t belong in the report—for instance, money spent lobbying state governments or other legal work.
Agencies lobbied since 2021: U.S. Senate, House of Representatives, Labor - Dept of (DOL), Transportation - Dept of (DOT)
Related Foreign Entities:
Sumitomo Life Insurance Company (Osaka, JPN); contribution to lobbying: $0; ownership 100%
Lobbyists
Lobbyists named here were listed on a filing related to this lobbying engagement. They may not be working on it now. Occasionally, a single lobbyist whose name is spelled two different ways on filings may be represented twice here.
Disclosures Filed
Once a lobbying engagement begins, the lobbyist or firm is required to file updates four times a year. Those updates sometimes change which lobbyists are involved or add new issues being discussed. When lobbyists stop working for a client, the firm is also supposed to file a report disclosing the end of the relationship.
1st Quarter, 2024
In Q1, SYMETRA LIFE INSURANCE COMPANY had in-house lobbyists. The report was filed on April 18.
Original Filing: 301553293.xml
Lobbying Issues
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.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
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.
Agencies Lobbied
U.S. Senate
4th Quarter, 2023
In Q4, SYMETRA LIFE INSURANCE COMPANY had in-house lobbyists. The report was filed on Jan. 19.
Original Filing: 301532996.xml
Lobbying Issues
U.S. Department of Labor (DOL) Fiduciary Regulation, specifically, concerns about the DOL's Employee Benefits Security Administration (EBSA) recently proposed rule, "Retirement Security Rule: Definition of an Investment Advice Fiduciary" and related prohibited transaction amendments. In its current form, the rule would institute a fiduciary standard and dramatically change who is allowed to sell products, which would be detrimental to the people it is meant to help the most (i.e., 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 advisors already held to their client's best interest standards.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
3rd Quarter, 2023
In Q3, SYMETRA LIFE INSURANCE COMPANY had in-house lobbyists. The report was filed on Oct. 20, 2023.
Original Filing: 301511267.xml
Lobbying Issues
U.S. Department of Labor fiduciary regulation; specifically, concerns about the proposed rule recently submitted by the DOL to OMB. A wholesale reenactment of the 2016 rule would be detrimental to the people it is meant to help the most, and that the Securities and Exchange Commission's Regulation Best Interest (Reg BI) and the DOL's proposed impartial conduct standard will provide guidance for those advisers already held to their clients' best interest standards.
Agencies Lobbied
U.S. House of Representatives
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
Reauthorization of the Farm Bill-Agriculture Improvement Act of 2018 (2018 farm bill; P.L. 115-334, H. Rept. 115-1072); specifically, SNAP benefits and student eligibility.
Agencies Lobbied
U.S. House of Representatives
Lobbying Issues
Reauthorization of the Farm Bill-Agriculture Improvement Act of 2018 (2018 farm bill; P.L. 115-334. H. Rept. 115-1072); specifically, SNAP benefits and student eligibility.
Agencies Lobbied
U.S. House of Representatives
Type of Issue
Economics/Economic Development
2nd Quarter, 2023
In Q2, SYMETRA LIFE INSURANCE COMPANY had in-house lobbyists. The report was filed on July 20, 2023.
Original Filing: 301488898.xml
Lobbying Issues
H.R. 2617, Consolidated Appropriations Act, 2023 [Rep. Gerald Connolly (D-VA)]. Specifically, thanking MoC for their support of the bill and two provisions that were included; SECURE 2.0 (enhancing retirement options and access for more workers), and RILA (directing the SEC to devise a new form for annuity issuers to use when filing registered index-linked annuities).
Agencies Lobbied
U.S. House of Representatives
Lobbying Issues
H.R. 513, Foreign Adversary Risk Management Act (FARM Bill) [Rep. Ronny Jackson (R-TX)]. Specifically, engaged members on provisions that provide SNAP and food programs for college students.
Type of Issue
Economics/Economic Development
1st Quarter, 2023
In Q1, SYMETRA LIFE INSURANCE COMPANY had in-house lobbyists. The report was filed on April 20, 2023.
Original Filing: 301467046.xml
Lobbying Issues
Education/Pell Grants: non-specific to a bill; education access for underserved populations; scholarships and Pell Grants.
Agencies Lobbied
U.S. Senate
Lobbying Issues
2023 Farm Bill Reauthorization: Bill number and sponsor to be determined; 5 Year-cycle sets national agriculture, nutrition, conservation, and forestry policy, commonly referred to as the "Farm Bill." Includes SNAP program provisions and student access to SNAP.
Agencies Lobbied
U.S. Senate
Lobbying Issues
Consolidated Appropriations Act of 2023: H.R.2617, the Consolidated Appropriations Act, 2023 (Rep. Connolly-VA 11); provides appropriations to federal agencies for the remainder of Fiscal Year 2023, including SECURE 2.0.
Agencies Lobbied
U.S. Senate
Lobbying Issues
Housing: Non-specific to a bill; housing and homelessness.
Agencies Lobbied
U.S. Senate
Lobbying Issues
Transportation: Non-legislative, pre-existing agency programs; support for grant funding from two programs (Federal Rail Administration Federal-State Partnership for Intercity Passenger Rail Program and Federal Rail Administration Corridor Identification and Development Program).
Agencies Lobbied
U.S. Senate
4th Quarter, 2022
In Q4, SYMETRA LIFE INSURANCE COMPANY had in-house lobbyists. The report was filed on Jan. 16, 2023.
Original Filing: 301428044.xml
Lobbying Issues
SECURE 2.0 Retirement Package consisting of: (i) H.R. 2954 (the Securing a Strong Retirement Act (SECURE 2.0)(Rep. Richard Neal, D-MA); (ii) S. 4808 (the Enhancing American Retirement Now (EARN) Act (Sen. Ron Wyden, D-OR); and (iii) S. 4353 (the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg (RISE & SHINE) Act (Sen. Patty Murray, D-WA) in each case addressing the importance of addressing gaps and barriers to retirement saving.
H.R. 4865/S. 3198, the Registration for Index Linked Annuities Act (Rep. Alma Adams, D-NC, Sen. Tina Smith, D-MN) addressing that Congress should enact legislation directing the SEC to remove a barrier inhibiting the use of an innovative retirement income product by developing a new registration form better suited for insurance products, rather than the current form for corporate stock offerings.
U.S. Department of Labor fiduciary regulation. Outreach focused on general education and the Best Interest and Fiduciary Rule, as well as concerns and impacts on access by communities of color.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
3rd Quarter, 2022
In Q3, SYMETRA LIFE INSURANCE COMPANY had in-house lobbyists. The report was filed on Oct. 19, 2022.
Original Filing: 301412035.xml
Lobbying Issues
HR.2954 "SECURE 2.0" sponsored by R. Neal (MA). The bill makes various changes with respect to retirement and employer-sponsored retirement plans.
Fiduciary Rule: Outreach focused on general education around the Best Interest and Fiduciary Rule, as well as concerns and impact on access by communities of color. This issue is not specific to a bill.
Registered Indexed Linked Annuities: H.R. 4865 sponsored by A. Adams (D-NC) and S. 3198, the Registration for Index Linked Annuities, sponsored by T. Smith (D-MX). Update and education around the impact and need for a RILA-specific form from the SEC.
Agencies Lobbied
U.S. Senate
Type of Issue
Financial Institutions/Investments/Securities
Lobbying Issues
Paid Family Medical Leave: HR.2589 sponsored by C. Maloney (NY) and S.1185 sponsored by R. Durbin (IL). Highlighted industry's engagement in the conversation and reiterated our interest in support of the continued preservation of a private option.
Agencies Lobbied
U.S. Senate
2nd Quarter, 2022
In Q2, SYMETRA LIFE INSURANCE COMPANY had in-house lobbyists. The report was filed on July 19, 2022.
Original Filing: 301387754.xml
Lobbying Issues
HR.5 the "Equality Act" sponsored by David Cicilline (RI-1) prohibits discrimination based on sex, sexual orientation, and gender identity in areas including public accommodations and facilities, education, federal funding, employment, housing, credit, and the jury system. Specifically, the bill defines and includes sex, sexual orientation, and gender identity among the prohibited categories of discrimination or segregation.
Agencies Lobbied
U.S. Senate
Type of Issue
Civil Rights/Civil Liberties
Lobbying Issues
HR.2954 "SECURE 2.0" sponsored by Richard Neal (MA-1), and "Earn Enhancing American Retirement Now," which is in committee, but doesn't have a bill number yet, makes various changes with respect to retirement and employer-sponsored retirement plans.
S.1770 the Retirement Security and Savings Act of 2021 sponsored by Benjamin Cardin (MA) modifies various tax policies, credits, and requirements that apply to employer-provided retirement plans and Individual Retirement Accounts.
Agencies Lobbied
U.S. Senate
1st Quarter, 2022
In Q1, SYMETRA LIFE INSURANCE COMPANY had in-house lobbyists. The report was filed on April 19, 2022.
Original Filing: 301360585.xml
Lobbying Issues
H.R. 5376, the Build Back Better Act [Rep. John Yarmuth (D-KY)] - Specifically with respect to Paid Family Medical Leave (PFML) in support of efforts to expand much-needed access to paid leave, while also working to find a long-term solution that maintains the existing private support programs and tax stabilization in support of language bringing the life insurance industry pay-fors into alignment with any increase adjustment to the corporate tax rate be incorporated into any final package.
U.S. Department of Labor fiduciary regulation - Specifically that a wholesale reenactment of the 2016 rule would be detrimental to the people it is meant to help the most, and that the Securities and Exchange Commissions (SEC) Regulation Best Interest (Reg BI) rule and the DOLs proposed impartial conduct standard will provide guidance for those advisers already held to their clients best interest standards.
Agencies Lobbied
U.S. Senate
Lobbying Issues
H.R. 2954, the Securing a Strong Retirement Act (SECURE 2.0) [Rep. Richard Neal (D-MA)] - Specifically about the importance of addressing gaps and barriers to retirement saving such as by allowing student loan borrowers to redirect 401(k) contributions to their loan repayment, while still receiving an employer match in their retirement plan; increasing the required minimum distribution (RMD) age to 75; removing the penalty for victims of domestic violence to withdraw early from their retirement accounts and; offering incentives to small business to start retirement accounts for their employees.
Agencies Lobbied
U.S. Senate
Lobbying Issues
Congressionally-Directed Support - Specifically, a letter of support for the City of Bellevues application for targeted workforce development funds.
Agencies Lobbied
U.S. Senate
Type of Issue
Economics/Economic Development
Lobbying Issues
H.R. 6893, the Institutional Grants for New Infrastructure, Technology, and Education for (IGNITE) HBCU and MSI Excellence Act [Rep. Alma Adams (D-NC)] - Specifically how private companies can best support Historically Black Colleges and Universities (HBCU) through targeted partnership and resource allocation.
Agencies Lobbied
U.S. Senate
4th Quarter, 2021
In Q4, SYMETRA LIFE INSURANCE COMPANY had in-house lobbyists. The report was filed on Jan. 18, 2022.
Original Filing: 301325073.xml
Lobbying Issues
H.R. 5376, the Build Back Better Act: Paid Family Medical Leave (PFML) support for efforts to expand much needed access to paid leave, while also working to find a long-term solution that maintains the existing private support programs.
DOL Fiduciary Rule (no bill attached): Request for update on Administration plans and communication on the potential impacts of restoring the vacated rule particularly on underserved communities.
Agencies Lobbied
U.S. Senate
Lobbying Issues
H.R. 5376, the Build Back Better Act: Paid Family Medical Leave (PFML) support for efforts to expand much needed access to paid leave, while also working to find a long-term solution that maintains the existing private support programs.
Agencies Lobbied
U.S. Senate
3rd Quarter, 2021
In Q3, SYMETRA LIFE INSURANCE COMPANY had in-house lobbyists. The report was filed on Oct. 20, 2021.
Original Filing: 301312413.xml
Lobbying Issues
H.R. 5376, the Build Back Better Act [Rep. John Yarmuth (D-KY)]
Within the Build Back Better Act, the specific lobbying issue was with respect to Paid Family Medical Leave (PFML) and support for efforts to expand much-needed access to paid leave, while also working to find a long-term solution that maintains the existing private support programs utilized by millions of American workers including employer-provided disability insurance. This lobbying effort is in support of building upon existing disability insurance and PFML framework, while also implementing supports for employers as they stand up these new and important benefits for their employees.
Agencies Lobbied
U.S. Senate
Lobbying Issues
H.R. 5376, the Build Back Better Act [Rep. John Yarmuth (D-KY)]
Within the Build Back Better Act, the specific lobbying issue was with respect to Tax Stabilization to address some technical corrections that would ensure that an increase in the corporate tax rate does not have a disproportionately negative impact on life insurance companies and the consumers who rely on them for financial protection and security.
Agencies Lobbied
U.S. Senate
Type of Issue
Taxation/Internal Revenue Code
2nd Quarter, 2021
In Q2, SYMETRA LIFE INSURANCE COMPANY did no lobbying for itself. The report was filed on July 19, 2021.
Original Filing: 301280780.xml
1st Quarter, 2021
In Q1, SYMETRA LIFE INSURANCE COMPANY did no lobbying for itself. The report was filed on April 16, 2021.
Original Filing: 301254027.xml
1st Quarter, 2021
In 1A, SYMETRA LIFE INSURANCE COMPANY did no lobbying for itself. The report was filed on April 16, 2021.
Original Filing: 301254875.xml
1st Quarter, 2021
SYMETRA LIFE INSURANCE COMPANY filed a lobbying registration on Feb. 22, 2021 for in-house lobbying efforts, effective Feb. 22, 2021.
Original Filing: 301248837.xml
Issue(s) they said they’d lobby about: Regulatory matters, law enforcement/police reform, postal service reform, voter rights, health, education, economic recovery, and housing/homelessness .
Source: Clerk of the U.S. House of Representatives and Secretary of the Senate
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