House Passes NFIP Extension Legislation

The National Flood Insurance Program (NFIP) will expire on May 31, 2019 unless Congress acts. The history of NFIP extensions has been messy. The program was extended 17 times between 2008 and 2012, when the previous five-year reauthorization was signed into law. Currently, the NFIP is on its 10th short-term extension since late 2017. The …

Continue reading House Passes NFIP Extension Legislation

PIA Defends Auto Insurance Industry in Letter to House

PIA National was joined by other insurance trades in a letter to the House Financial Services subcommittee on Oversight and Investigations in advance of its hearing this week on “Examining Discrimination in the Automobile Loan and Insurance Industries.” This hearing follows legislation (H.R. 1756) introduced by Rep. Rashida Tlaib (D-MI) that would prohibit auto insurance …

Continue reading PIA Defends Auto Insurance Industry in Letter to House

PIA National Responds to Senate Banking Request for Data Privacy Feedback

Earlier this year, Senate Banking Committee Chair Sen. Mike Crapo (R-ID) teamed up with Committee ranking member Sherrod Brown (D-OH) to request feedback from interested parties on the privacy, protection, and collection of sensitive information by financial regulators and private companies. In the leaders' statement accompanying the solicitation, they cited the Equifax breach as an …

Continue reading PIA National Responds to Senate Banking Request for Data Privacy Feedback

Tax Bill to Make Passthrough Deduction Permanent Introduced in Senate With PIA Support

Only a week after the 2019 PIA Federal Legislative Summit (FLS), Senator Steve Daines (R-MT), has introduced a PIA National priority, S. 1149, the "Main Street Tax Certainty Act of 2019," to make permanent the 20 percent tax deduction available to passthrough entities. S.1149 is the companion bill to H.R. 216, bipartisan House legislation introduced …

Continue reading Tax Bill to Make Passthrough Deduction Permanent Introduced in Senate With PIA Support

PIA 2019 Legislator of the Year, Rep. Billy Long

PIA National is pleased to name Representative Billy Long (R-MO) the 2019 Legislator of the Year for his long-standing effort to ensure the role of independent insurance agents in delivering healthcare to consumers. Representative Long represents the 7thCongressional District of Missouri in the U.S. House of Representatives. First elected to Congress in 2011, Rep. Long …

Continue reading PIA 2019 Legislator of the Year, Rep. Billy Long

FIO Repeal Bill, PIA Top Priority, Introduced

PIA National has led the insurance industry on the movement to repeal the Federal Insurance Office (FIO), and we’re pleased that Rep. Alex Mooney (R-WV) has reintroduced H.R. 1862,  legislation to repeal the Federal Insurance Office (FIO). PIA National has worked closely with Rep. Mooney on developing this legislation. Building support for it will be …

Continue reading FIO Repeal Bill, PIA Top Priority, Introduced

PIA National Continues to Lead on Passthrough Tax Deduction

PIA National is building on our major win from earlier this year that ensured independent insurance agents could qualify for the 20 percent deduction for passthroughs. PIA National aggressively advocated for this tax relief for passthrough entities after the tax reform law (P.L. 115-141) was passed in December 2017. We advocated for the language that …

Continue reading PIA National Continues to Lead on Passthrough Tax Deduction