The Variable Insurance Products Advisory Committee provides a forum to examine the legal, regulatory and legislative issues affecting registered funds underlying variable life insurance and variable annuity products. It provides a forum for members to discuss particular policy objectives and undertakes projects related to variable insurance products.

The Accounting Policy Subcommittee: Advises ICI on accounting, financial reporting and auditing proposals issued by the SEC, FASB, PCAOB, or the AICPA. May also develop accounting and financial reporting guidance for particular securities or transactions.

The ABLE Act Working Group consists of representatives of ICI’s members who handle issues relating to the states’ ABLE Act programs under Section 529A of the Internal Revenue Code.

The 529 Plan Advisory Committee consists of representatives of ICI’s members who handle issues relating to the states’ 529 college savings plans. This is the Committee that the ICI will consult with when we review and comment on regulatory proposals of the SEC, the Municipal Securities Rulemaking Board, the Internal Revenue Service, or the states relating to 529 plans. It is also the Committee that we will notify of such proposals and initiatives.