The Consumer Federation of America (CFA) and Center for Economic Justice (CEJ) strongly oppose proposals to weaken capital and reserve requirements for life insurance companies. The groups point out that there is no justification for these proposals by life insurers, there is no public accountability, the proposals will likely result in harm to consumers, and they would put industry interests before consumer protection. CFA and CEJ call on the National Association of Insurance Commissioners to hold a public meeting with meaningful public participation before taking any action on these proposals.