Member Spotlight: Senator Mike Crapo, Chairman of Senate Banking Committee

mike crapo

Mike Crapo (R) is a senator from the state of Idaho in the United States Senate.

First elected to the Senate in 1998, Sen. Crapo is the chairman of the Senate committee that has jurisdiction over most insurance issues, the Banking, Housing and Urban Affairs Committee. He is continuing in that role after becoming chair at the start of the 115th Congress. Before being elected to the Senate, he served three terms in the House of Representatives and 18 years in the Idaho state Senate.

Sen. Crapo received his Juris Doctorate cum laude from Harvard Law School, and he graduated summa cum laude from Brigham Young University with a B.A. in political science. Prior to his career in politics, Sen. Crapo was a partner in the law firm of Holden, Kidwell, Hahn & Crapo.

Why he’s important to agents:

Sen. Crapo is in an influential position to affect legislation that has an impact on independent agents at the federal level.  Issues such as the elimination of the Federal Insurance Office (FIO), the reauthorization of the National Flood Insurance Program, the introduction of data security legislation, the reauthorization of the terrorism risk insurance program, and international insurance and regulatory issues all typically go through the Senate Banking Committee before becoming law.

In January 2019, Sen. Crapo released his agenda for the 116th Congress for the Banking Committee. PIA National was pleased to see that programs we are engaged in reauthorizing—the National Flood Insurance Program and the terrorism risk insurance program—are included among his priorities for the committee. So are other issues vital to PIA agents, like data security and federal regulatory issues.

PIA National looks forward to working with Sen. Crapo on this and other issues during the 116th Congress.

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