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Article Excerpt
The life insurance industry is preparing for a busy legislative agenda during the rest of 2003.
Kim Dorgan, senior vice president of federal affairs for the American Council of Life Insurers, says pension reform, taxation, privacy and insurance regulatory reform all will be on the congressional calendar before the first session of the 108th Congress ends.
Dorgan says she is excited about the Portman-Cardin pension reform bill, H.R. 1776, which has a provision establishing an incentive for retirees to take some of their pension savings in the form of a lifetime annuity.
Moreover, she says, she is encouraged that House Ways and Means Committee Chairman Bill Thomas, R-Calif., supports the annuity concept.
H.R. 1776 was approved by the committee in June.
Dorgan says the Senate, however, still has...
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