Employment Status of Independent Agents Threatened

On March 9, the U.S. House passed H.R. 842, the Protecting the Right to Organize (PRO) Act, mostly along party lines, as expected. The PRO Act’s intention is to reform current labor law in a variety of areas. For PIA members, the bill’s most significant provision would amend the National Labor Relations Act (29 U.S.C. …

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PIA Supports Cannabis Safe Harbor Legislation

PIA has been advocating to protect insurance agents from federal prosecution for doing business with cannabis-related enterprises in states in which such businesses are legal. Nearly every state has legalized cannabis to some degree. That said, PIA does not take a position on the legalization of cannabis and views this issue strictly a matter of …

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PPP Extension Act Passes House

On the evening of March 16, the U.S. House passed H.R. 1799, the PPP Extension Act of 2021, by a vote of 415-3. PIA supports this bipartisan legislation and has been advocating for its passage, along with a broad coalition of business groups, which would extend the Paycheck Protection Program (PPP) beyond its current expiration …

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PIA Supports PPP Extension Bill

PIA is working with a large coalition of business groups to support legislation that would extend the timeframe in which small businesses can apply for Paycheck Protection Program (PPP) loans and in which the Small Business Administration (SBA) may process the applications. The push to pass the PPP Extension Act of 2021 is led by …

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Temporary Paycheck Protection Program Limits Imposed by Biden Admin

As we mentioned last month, the December 2020 COVID relief package, formally known as the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act[1], has reanimated the previously-dormant Paycheck Protection Program (PPP), originally created by the CARES Act nearly a year ago. Last week, the Biden administration announced that the PPP will be available only to the nation’s …

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FIO Repeal Bill Introduced in Senate

PIA has long led the effort to repeal the Federal Insurance Office (FIO). On March 2nd, the “Federal Insurance Office Abolishment Act of 2021" (S. 524) was reintroduced with our strong support. The bill was introduced by Sen. Ted Cruz (R-TX) and cosponsored by senators Jim Inhofe (R-OK), Mike Braun (R-IN), and Cynthia Lummis (R-WY). …

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