Tim Scott was appointed to the United States Senate to replace the retiring Jim DeMint in 2012. Prior to his tenure in the Senate, Sen. Scott served a term in the House of Representatives representing South Carolina’s 1st Congressional district and spent two years serving in South Carolina’s state legislature. Sen. Scott also worked as …
PIA Opposes Tax Hikes in Admin. Budget Request
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. …
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PIA Urges Reforms in Flood Insurance Hearing Testimony
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 …
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PIA Puts Spotlight on FIO in House Committee 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 …
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PIA Urges RMA to Reinstate Inflation Adjustment for Crop Agents
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 …
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Member Spotlight: Rep. Glenn ‘GT’ Thompson (R-PA)
Glenn ‘GT’ Thompson was elected to the House of Representatives in 2008 to represent the 5th Congressional District of Pennsylvania. Before his career in Congress, Rep. Thompson spent 28 years as a therapist and rehabilitation services manager. After graduating from Penn State with a B.S. in education, Rep. Thompson received his Master of Education from …
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Data Privacy Bill Approved by Committee Along Party Lines
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, …
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House Data Privacy Bill Would Preempt State Law
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 …
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Act Now: Tell the FTC Not to Ban Non-Competes
In January, the Federal Trade Commission (FTC) issued a notice of proposed rulemaking (NPRM) that would ban the use of non-compete provisions and non-compete agreements between employers and workers. The NPRM invites members of the public to comment during a period that will end on March 20, 2023. Once the comment period ends, the FTC …
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Flood Insurance Continuous Coverage Bill Introduced
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 …
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