Member Spotlight: Maxine Waters, Chairwoman of House Financial Services Committee

Maxine Waters (D) represents the 43rd district of California in the U.S. House of Representatives. Rep. Waters was first elected to the House in 1990. She is the chairwoman of the House Financial Services Committee, which has jurisdiction over most insurance issues. She is continuing as the leader of the Democrats on House Financial Services. …

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Member Spotlight: Senator Mike Crapo, Chairman of Senate Banking Committee

Mike Crapo (R) is a senator from the state of Idaho in the United States Senate. First elected to the Senate in 1998, Sen. Crapo is the chairman of the Senate committee that has jurisdiction over most insurance issues, the Banking, Housing and Urban Affairs Committee. He is continuing in that role after becoming chair …

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PIA-Supported Legislation to Repeal the Cadillac Tax Introduced

On January 24th, Reps. Joe Courtney (D-CT), Mike Kelly (R-PA), Suzan DelBene (D-WA), and Elise Stefanik (R-NY) reintroduced the bipartisan Middle Class Health Benefits Repeal Act of 2019 (H.R. 748) in the U.S. House. This legislation would repeal the excise tax on high-cost employer-sponsored health coverage known as the “Cadillac Tax.” PIA National strongly supports …

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Seven Years in the Making, Final Rule on Lender-Approved Private Flood Insurance Almost Complete

The five federal agencies with oversight over mortgage lenders are in the process of jointly issuing a final rule on private flood insurance. Treasury and the FDIC have already indicated their approval of the rule. If it is approved by the Federal Reserve, the Farm Credit Administration, and the NCUA, the final rule will become …

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Big Ideas and Partisan Agendas: House Financial Services Committee Changes Hands

The new Congress that began January 3rd brought with it not just a turnover in power in the U.S. House of Representatives, but also a wave of new members to the House Financial Services Committee, including a new chairwoman and top Republican. The new chairwoman of the committee is Rep. Maxine Waters (D-CA). The shift in …

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Twenty Percent Tax Deduction Available to Insurance Agents

In a major win for PIA National and small-business insurance agencies across the country, final regulations were issued on Friday, January 18, by the U.S. Treasury and the Internal Revenue Service (IRS) saying that, for the most part, insurance agents are permitted to take the 20 percent pass-through deduction provided by the tax law passed …

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2019 PIA Federal Legislative Summit (FLS)

FLS Registration Now Open! Each year, PIA agents from around the country come to Washington, D.C. to attend PIA National’s annual congressional fly-in known as the Federal Legislative Summit, or FLS. The FLS is your opportunity to represent the independent agent profession on issues that impact your business.  While the government relations staff at PIA …

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