PIA National is pleased that Senator Ted Cruz (R-TX) today introduced S. 1586, the “Federal Insurance Office Abolishment Act” in the Senate. This legislation is a companion bill to H.R. 1862 by Rep. Alex Mooney (R-WV), which was introduced in the House earlier this year. PIA National worked closely with Senator Cruz to develop this bill and strongly supports his legislation. Senator Cruz noted PIA National’s support for S. 1586 in his press release, the only insurance association recognized.
The introduction of the FIO repeal bill in both the House and Senate marks the first time such a bill has been introduced in both chambers.
PIA National made FIO repeal a top priority during its 2019 Federal Legislative Summit. In fact, members of the Texas PIA affiliate met with Senator Cruz’s office during the FLS to urge him to introduce a Senate companion bill to repeal the office, and, in the weeks that followed, the PIA National government relations staff continued to work with his office.
PIA National’s advocacy strategy is aggressive, grassroots-oriented, and led by our members. While other associations have continued to stay on the sidelines on this issue, PIA National never will, and we are proud to have worked with Senator Cruz and Rep. Mooney on this effort. The state insurance regulatory system is too important for independent agents and consumers to allow the FIO to increase its power while doing nothing to stop it.
PIA National is urging other insurance associations to publicly support this legislation, and the FIO Abolishment Act will continue to be a top priority for PIA National throughout the country.
PIA members around the country can actively help build support for FIO repeal today by sending an action alert to your federal elected representatives in the U.S. House and Senate. Send a message today and ask them to cosponsor H.R. 1862 and S. 1586.
Click HERE to take action.
- If you’ve sent a message in the past, just make sure all your information is correct and click “send message.”
- If you haven’t sent a message before, please take a few seconds to fill in your information in the box to the right: name, email, address, and zip code. This allows the message to go to the appropriate U.S. House member and Senators. If possible, please include your home address.