The life insurance industry plans a high profile on Capitol Hill this year in an effort to focus policymakers on its agenda, which includes an optional federal charter and a broader array of retirement products.The lobbying effort will include "fly-ins" by company CEOs and other high-level executives to speak to administration officials and key members, briefings and interview opportunities, and introduction of legislation supportive of industry interests. Also to be disclosed shortly is establishment of an "insurance caucus" by members of Congress with great interest in insurance issues.
The plan is designed to interest Congress in passing legislation that will improve the attractiveness of the industry's tax-advantaged retirement products this year, and raise the issue of an optional federal charter to the level where the industry will win a commitment for it to be dealt with early in the next Congress.
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