PIA-Backed Main Street Tax Certainty Act Reintroduced in Senate

On May 18, Senator Steve Daines (R-MT) reintroduced the “Main Street Tax Certainty Act of 2023,” a bill that would make permanent the current 20 percent tax deduction available to some passthrough entities. PIA strongly supports this legislation and joined a coalition of business groups in a letter of support for the bill. PIA's support for the bill was noted …

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PIA-Supported FIO Repeal Bill Introduced in Senate

On May 18, Senator Ted Cruz (R-TX) reintroduced S. 1694, a bill to abolish the Federal Insurance Office (FIO) of the Department of the Treasury. The bill will protect the successful state insurance regulatory system by repealing the FIO, an unnecessary federal bureaucracy created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act …

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PIA Holds Successful Advocacy Day

Members of PIA of Virginia meet with Congressman Ben Cline (R-VA) PIA members from around the nation converged on Washington, D.C. on May 10 for its 2023 Advocacy Day. Agents met with Senators, Representatives, and legislative staffers to discuss PIA’s key legislative issues. Among PIA’s top issues were a request to the USDA’s Risk Management …

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Cannabis Safe Harbor Legislation Reintroduced

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. PIA does not take a position on the legalization of cannabis and views this issue strictly a matter of respecting state insurance laws. In addition, …

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