FAQs on Overtime Rule Changes Effective July 1, 2024

The U.S. Department of Labor (DOL) Overtime Rule was finalized in April and will be implemented in two phases for all affected workers. Phase 1 will become effective on Monday, July 1, 2024; Phase 2 will become effective on Jan. 1, 2025. Legal challenges may delay or narrow the scope of its implementation, or block …

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PIA Top Priority Included as Financial Services Funding Bill Passes House Appropriations Committee

On June 13, the House Appropriations Committee passed the Financial Services and General Government (FSGG) Appropriations Act for FY’25, which begins on October 1, 2024, by a vote of 33-24. Included in the FSGG bill is a policy provision that PIA supports and has been actively advocating in favor of from Rep. Scott Fitzgerald’s (R-WI) …

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PIA Engages with NAIC and Congress on Data Privacy

Over the past several weeks, both Congress and the National Association of Insurance Commissioners (NAIC) have turned their attention back to data privacy. Congressional Data Privacy Activity In May, the Innovation, Data, and Commerce Subcommittee of the House Energy and Commerce (E&C) Committee marked up a discussion draft of the American Privacy Rights Act (APRA) …

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PIA Urges Delay of Overtime Rule for Judicial Review

On June 12 PIA, along with a diverse group of business stakeholders sent a letter to the Department of Labor (DOL) urging it to delay implementation of its final overtime rule to allow for judicial review. The Administrative Procedure Act authorizes agencies to postpone the effective date of a rule to allow for judicial review. …

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FIO Subpoena Power Defunded in House Subcommittee Funding Bill

On June 5, the House Appropriations Financial Services subcommittee passed their Financial Services and General Government (FSGG) spending bill for FY’25, which begins on October 1, 2024, by voice vote. Included in the spending bill is a policy provision that PIA strongly supports and has been actively advocating in favor of from Rep. Scott Fitzgerald’s …

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PIA Comments to NAIC Working Group on Consumer Privacy Issues

Last month, the Privacy Protections (H) Working Group (the Working Group) of the National Association of Insurance Commissioners (NAIC) issued a request for information concerning the Working Group’s path forward regarding its ongoing work to modernize the state regulation of consumer insurance data. The Working Group sought input on whether it should continue work on …

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