On July 4th, President Donald Trump signed into law key PIA policy priorities, delivering a significant victory for independent insurance agents. The 20% qualified business income (QBI) passthrough tax deduction, which was set to expire at the end of 2025, was made permanent by the enacted legislation. The countless PIA members who have benefited from …
Author: Corey Weeks, Manager, Government Relations
Take Action: PIA Urges Senate Passage of Policy Priorities
As the Senate prepares to take up the “One, Big, Beautiful Bill” this week, PIA urges the passage of key policy priorities that will empower agents and provide for a stronger, safer insurance market for consumers. Included in the legislation are provisions making permanent the 20% qualified business income (QBI) passthrough tax deduction presently available …
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Take Action: PIA Urges Senate to Reject 10-Year Moratorium on State AI Regulation
On June 16, PIA sent a letter to Senate leadership urging them to reject language that would place a 10-year moratorium on any state-level legislative or regulatory action relating to artificial intelligence (AI). The business of insurance has been successfully regulated at the state level for over a century, and the McCarran-Ferguson Act of 1945 …
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PIA Victory: House Passes PIA Policy Priorities
On May 22, the U.S. House of Representatives voted to pass its budget reconciliation bill, including key PIA policy priorities. The bill narrowly passed in a 215-214 vote and will now head to the Senate, where further negotiations are expected before sending a final product to the President's desk. Included in the legislation are provisions …
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PIA Urges House Passage of Policy Priorities
On May 20, the National Association of Professional Insurance Agents (PIA), along with other small business advocates, sent a letter in strong support of the reconciliation bill presently before the House of Representatives. On Sunday night, the House Budget Committee voted to advance the legislation, sending it to the Rules Committee for final approval there, …
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PIA Policy Priorities Advance in Reconciliation Process: Take Action Now!
This week, two PIA policy priorities cleared major hurdles in the ongoing budget reconciliation process. Two House committees--Ways and Means and Agriculture--each passed their portions of the massive House reconciliation package along party lines. Both bills will now head to the Budget Committee in preparation for full House consideration. Included in the House Ways & …
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PIA Action Alert: Let States Regulate Data Privacy
In April, PIA sent a letter to Representatives Brett Guthrie (R-KY) and John Joyce (R-PA), the chairman and vice-chairman of the House Energy and Commerce Committee, in response to their Request for Information (RFI) to explore the development of a federal data privacy and security framework. Earlier this year, the two established a Data Privacy Working Group within the …
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PIA Urges Congress to Reinstate Inflation Adjustment for Crop Agents
On April 3, PIA sent a letter to Congressional leaders urging them to require the Risk Management Agency (RMA) to reinstate the annual administrative and operating (A&O) inflation adjustment for crop insurance agents in the ongoing budget reconciliation process. For several years, the RMA would provide annual adjustments to crop insurance agent compensation to account …
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Bill to Extend NFIP Through 2026 Introduced in Senate
Last month, Louisiana Sens. Bill Cassidy (R) and John Kennedy (R) introduced S. 1015, a bill to extend the National Flood Insurance Program (NFIP) until December 31, 2026. PIA strongly supports this legislation, which would provide much needed certainty to the NFIP while Congress works towards a long-term reauthorization. In 2017, more than seven years …
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A Conversation with Congressman Troy Downing (R-MT)
As the sponsor of the Federal Insurance Office Elimination Act, Congressman Troy Downing is at the forefront of efforts to reshape federal oversight of the insurance industry. Formerly Montana’s State Auditor, Rep. Downing oversaw the state’s insurance industry and brings firsthand regulatory experience to Capitol Hill. Now serving in Congress, he sits on the House …
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