PIA joined the business community in a letter to oppose raising taxes on individually- and family-owned businesses as proposed in the Biden Administration’s Fiscal Year 2024 (FY24) Budget Request. The budget request is released every year by each administration and amounts to a wish list of what that administrations’ funding priorities are for the year. …
Continue reading PIA Opposes Tax Hikes in Admin. Budget Request
The House Financial Services Committee Subcommittee on Housing and Insurance today held a hearing entitled Encouraging Greater Flood Insurance Coverage in America. This hearing focused not just on the National Flood Insurance Program (NFIP) but also on the overall accessibility and availability of flood insurance, as well as ways to increase flood insurance coverage across …
Continue reading PIA Urges Reforms in Flood Insurance Hearing Testimony
The House Financial Services Committee’s Subcommittee on Oversight and Investigations is holding a hearing today entitled: “Holding the Biden Administration Accountable for Wasteful Spending and Regulatory Overreach.” PIA submitted written testimony for the record in advance of the hearing to highlight the recent actions by the Federal Insurance Office (FIO). In 2010, in a misguided …
Continue reading PIA Puts Spotlight on FIO in House Committee Hearing Testimony
PIA, along with other agent groups, including the Crop Insurance Professionals Association, sent a letter today to the Risk Management Agency (RMA) urging them to reinstate an inflation adjustment for crop insurance agents. Last fall, PIA and our allies successfully advocated for the inclusion of crop provisions in the year-end federal government appropriations package, known as an …
Continue reading PIA Urges RMA to Reinstate Inflation Adjustment for Crop Agents
The House Financial Services Committee passed the Data Privacy Act in a partisan vote of 26-21 on the evening of February 28 after lengthy debate. The bill would revise existing federal standards created by the 1999 Gramm-Leach-Bliley Act (GLBA) that protect consumer data by expanding the requirements imposed on “financial institutions,” including independent insurance agencies, …
Continue reading Data Privacy Bill Approved by Committee Along Party Lines
After holding a hearing on the subject earlier this month, House Financial Services Committee Chairman Patrick McHenry (R-NC) is set to bring his bill, the Data Privacy Act of 2023, to the full committee for a markup tomorrow, Tuesday, February 28. The bill seeks to revise existing federal standards created by the 1999 Gramm-Leach-Bliley Act …
Continue reading House Data Privacy Bill Would Preempt State Law
On February 9, Reps. Kathy Castor (D-FL), and Blaine Luetkemeyer (R-MO) reintroduced H.R. 900, the Continuous Coverage for Flood Insurance Act. The bill would provide continuous coverage protection to policyholders who leave the National Flood Insurance Program (NFIP) to purchase a private flood policy and then need to return to the NFIP. H.R. 900 would …
Continue reading Flood Insurance Continuous Coverage Bill Introduced
The House Financial Services Committee’s Subcommittee on Financial Institutions and Monetary Policy held a hearing today entitled, “Revamping and Revitalizing Banking in the 21st Century.” One of the bills discussed during the hearing, the Financial Data Privacy Act, seeks to revise existing federal standards for consumer data privacy by expanding the requirements associated with the …
Continue reading House Subcommittee Holds Hearing on Federal Data Privacy Bill
The PIA Government Relations staff has reviewed PIA’s past policy positions and Congress’s current priorities, and, in consultation with PIA members across the country, we have developed our 2023 Policy Priorities. While the items below are our top priorities for this year, PIA is always working to promote the interests of our independent agent members, …
This week PIA, along with a coalition of crop insurance stakeholders, sent Congress and the administration letters urging them to protect crop insurance from funding cuts in the Fiscal Year 2024 (FY24) budget and appropriations process. The letters were addressed to Secretary of Agriculture Tom Vilsack and the leaders of the House and Senate Budget and Appropriations committees. Despite the critical role …
Continue reading PIA Urges Protection of Crop Insurance During Budget and Appropriations Process
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