The federal government is currently operating on a continuing resolution (CR) that expires at midnight this Friday, December 3. Notably for PIA members, the National Flood Insurance Program (NFIP) is also set to expire on December 3. If Congress cannot pass another CR to fund the federal government beyond that date, the government, including the …
Continue reading Federal Flood Program Set to Expire This Week
PIA has a long history of supporting the state regulation of insurance and opposing federal insurance oversight. Since 2016, one of our annual top legislative priorities has been the repeal of the Federal Insurance Office (FIO), which was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Our advocacy was vital …
Continue reading PIA Objects to FIO Investigation of Climate-Related Insurance Risk
The U.S. House today passed H.R. 5376, the $1.75 trillion budget reconciliation bill which has been marketed by Democrats as the “Build Back Better Act.” If approved as-is by the Senate, the legislation will allocate roughly $1.75 trillion in spending over a 10-year period. The bill passed largely along party lines by a vote of …
PIA recently collaborated with other insurance trade groups to send a letter to the leaders of the relevant Senate committees urging them to include the Secure and Fair Enforcement (SAFE) Banking Act in the final National Defense Authorization Act (NDAA) for Fiscal Year 2022 . PIA worked with a coalition of industry allies in support of this …
Continue reading PIA Seeks Senate Passage of Cannabis Safe Harbor in Defense Bill
Tom Tiffany (R) was elected to the U.S. House of Representatives was elected in May 2020 in a special election for the seat to represent Wisconsin’s 7th Congressional District. Before he was elected to Congress, Rep. Tiffany was a businessman and served in the Wisconsin State Assembly and State Senate. Rep. Tiffany graduated from the …
Since the spring of 2020, when proposals intended to prepare for the economic consequences of a future pandemic began to emerge, PIA has been actively engaged with policymakers on this important issue. To that end, PIA supported the 2020 Pandemic Risk Insurance Act (PRIA), introduced by Rep. Carolyn Maloney (D-NY). That bill tried to make pandemic …
Continue reading PIA Will Not Support Reintroduced Future Pandemic Legislation
