Earlier this year, the Secure and Fair Enforcement (SAFE) Banking Act (S.1323/H.R.2891), was reintroduced in each chamber by Senator Jeff Merkley (D-OR), and Congressman David Joyce (R-OH), respectively. PIA strongly supports this legislation, which would protect insurance agents and carriers from the possibility of federal prosecution for providing insurance to cannabis-related entities in states where cannabis …
Continue reading PIA Action Alert: Support Cannabis Safe Harbor for Agents
On July 18, Congressman Lloyd Smucker (R-PA) introduced H.R. 4721, the “Main Street Tax Certainty Act of 2023,” which would make permanent the 20 percent tax deduction currently available to some passthrough entities. PIA strongly supports this legislation, and in advance of its introduction joined a coalition of business groups in a letter of support …
Continue reading PIA-Backed Main Street Tax Certainty Act Reintroduced in House
We have previously covered efforts by the National Association of Insurance Commissioners (NAIC) to modernize the existing consumer privacy regulatory framework that forms the basis for all 50 states’ insurance consumer data protection regimes. The NAIC’s Privacy Protections Working Group (PPWG) is in the process of replacing its Insurance Information and Privacy Protection Model Act (MDL-670) …
Continue reading NAIC Consumer Privacy Model Development Speeds On
