ING NORTH AMERICA INSURANCE CORPORATION

Financial Institutions/Investments/Securities

-"Investor Protection Act of 2009", to apply a uniform federal standard to broker-dealers and investment advisors, and provide the SEC with additional authorities to protect investors from violations of the securities laws, regarding uniform fiduciary standards. - HR 3763 (including various discussion drafts), "Over-the Counter Derivatives Markets Act of 2009", regarding provisions related to end-user issues. - HR 4173 (including previous discussion drafts of various components of comprehensive regulatory reform), "To provide for financial regulatory reform, to protect consumers and investors, to enhance Federal understanding of insurance issues, to regulate the over-the-counter derivatives markets, and for other purposes", regarding support for inclusion of a federal insurance regulator; and modifications required to make systemic risk and resolution authority proposals workable in the absence of a federal functional insurance regulator and to ensure appropriate coordination between US and foreign regulators with respect to extra-territorial impact of US requirements. -Various Senate discussion drafts of financial services regulatory reform legislation.

TargetedSENATE · HOUSE OF REPRESENTATIVES · Treasury, Dept of

Taxation/Internal Revenue Code

- HR 2748, "To amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments by excluding from income a portion of such payments", a/k/a "Retirement Security Needs Lifetime Pay Act", Regarding IRS Notice 2008-100 in support of provisions to provide lifetime annuitization tax incentives. - S 1297, "A bill to amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments from annuities and similar payments of life insurance proceeds at dates later than death by excluding from income a portion of such payments", a/k/a "Retirement Security for Life Act", in support of provisions to provide lifetime annuitization tax incentives. - Opposition to FY 2010 Budget proposals regarding taxation of life insurance company dividends received deduction and corporate-owned life insurance. - HR 3399, "To amend the Internal Revenue Code of 1986 to permit the consolidation of life insurance companies with other companies", regarding the repeal life-nonlife consolidated return restrictions. - Potential legislation to implement the Financial Crisis Responsibility Fee ("bank tax") proposed by Administration.