Last week, the U.S. Federal Trade Commission (FTC) announced a final rule imposing a near-universal ban on noncompetes once it becomes effective later this year. Last year, the FTC’s publication of a notice of proposed rulemaking (NPRM) to ban the use of noncompete provisions and agreements between employers and workers raised alarm bells among independent insurance agents. Independent …
Month: April 2024
Labor Dept. Issues Final Overtime Rule
On April 23, the U.S. Department of Labor (DOL) issued its final rule changing the rules governing worker eligibility for overtime in accordance with the Fair Labor Standards Act (FLSA). The FLSA requires most employers to pay their “non-exempt” hourly workers time and a half (150 percent of their hourly wage) for every hour of work over …
FIO Reform Bill Passes House Committee with PIA’s Full Support
On April 17, the House Financial Services Committee passed the Insurance Data Protection Act, which was introduced by Rep. Scott Fitzgerald (R-WI) with PIA’s strong support, by a vote of 28-22. 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. The …
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PIA-Backed Bill to Reinstate Crop Inflation Adjustment Introduced in House
A PIA top priority was introduced today in the U.S. House of Representatives to reinstate an inflation adjustment for crop insurance agents, as well as to provide relief for specialty crops. The bipartisan Ensuring Access to Risk Management Act of 2024 (H.R. 8055) was introduced by Rep. Austin Scott (R-GA) with original cosponsors Reps. Jimmy …
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Member Spotlight: Rep. Kevin Kiley (R-CA)
Kevin Kiley was elected to the House of Representatives in 2022 to represent the 3rd congressional district of California. Prior to his election to the United States Congress, Rep. Kiley served in the California State Assembly, and in 2020 was named National Legislator of the Year by the Association of Independent Workers. Rep. Kiley earned …