Senate Passes Spending Bill with NFIP Extension

The U.S. Senate tonight passed a continuing resolution (CR) to fund the federal government to November 17 by a vote of 88-9.  The CR includes an extension of the National Flood Insurance Program (NFIP) to the same date. The House passed the bill earlier in the day, so the bill now goes to the president …

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House Passes Continuing Resolution to November 17 with NFIP Extension

The U.S. House of Representatives today passed a continuing resolution (CR) 335-91 to fund the federal government to November 17. Importantly, the CR includes an extension of the National Flood Insurance Program (NFIP) to the same date. Without an extension by Congress the NFIP will lapse after midnight tonight. The Senate must now pass the …

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PIA-Supported Cannabis Safe Harbor Bill Passes Senate Banking Committee

On September 27, the Senate Banking, Housing and Urban Affairs Committee passed the latest version of the Secure and Fair Enforcement Regulation (SAFER) Banking Act, the cannabis safe harbor bill (S. 2860), by a vote of 14 to 9. PIA has long supported the SAFE Banking Act, its predecessor, which was recently revised and reintroduced …

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NFIP Lapse and Federal Government Shutdown Possible at Week’s End

Congress has until midnight this coming Saturday, September 30, to fund the federal government, or it will shut down when the new federal fiscal year begins on October 1. While Congress is supposed to pass 12 individual spending bills to fund all federal government departments and agencies, its appropriations process has not followed regular order …

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GAO Report on Risk Rating 2.0 Validates PIA Agent Concerns

The Government Accountability Office (GAO) recently published a report on the National Flood Insurance Program (NFIP) entitled FLOOD INSURANCE: FEMA’s New Rate-Setting Methodology Improves Actuarial Soundness but Highlights Need for Broader Program Reform. Among other issues, the report addresses: the actuarial soundness of the NFIP’s new Risk Rating 2.0 (RR2) methodology, how premiums are changing for …

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Bill to Remove FIO’s Subpoena Power Introduced

On September 18 Rep. Scott Fitzgerald (R-WI) introduced H.R. 5535, the Insurance Data Protection Act with PIA’s strong support. This legislation will meaningfully reform the Federal Insurance Office (FIO), an unnecessary federal bureaucracy created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. PIA's support for the bill was noted in the congressman's …

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PIA Joins Letter in Support of the Protecting Small Business Information Act

This week PIA, along with a coalition of small business stakeholders, sent a letter to Congress in support of Rep. Patrick McHenry’s (R-NC) Protecting Small Business Information Act. This legislation would delay reporting requirements under the Corporate Transparency Act (CTA), which is set to go into effect on January 1, 2024, until there is a …

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Member Spotlight: Rep. Warren Davidson (R-OH)

Warren Davidson was elected to the House of Representatives in 2016 to represent the 8th Congressional District of Ohio. Before being elected to Congress, Rep. Davidson enlisted in the United States Army. After witnessing the fall of the Berlin Wall while stationed in Germany, Rep. Davidson studied at the United States Military Academy at West …

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