On May 18, Senator Steve Daines (R-MT) reintroduced the “Main Street Tax Certainty Act of 2023,” a bill that would make permanent the current 20 percent tax deduction available to some passthrough entities. PIA strongly supports this legislation and joined a coalition of business groups in a letter of support for the bill. PIA's support for the bill was noted …
Continue reading PIA-Backed Main Street Tax Certainty Act Reintroduced in Senate
Members of PIA of Virginia meet with Congressman Ben Cline (R-VA) PIA members from around the nation converged on Washington, D.C. on May 10 for its 2023 Advocacy Day. Agents met with Senators, Representatives, and legislative staffers to discuss PIA’s key legislative issues. Among PIA’s top issues were a request to the USDA’s Risk Management …
PIA has been advocating to protect insurance agents from federal prosecution for doing business with cannabis-related enterprises in states in which such businesses are legal. Nearly every state has legalized cannabis to some degree. PIA does not take a position on the legalization of cannabis and views this issue strictly a matter of respecting state insurance laws. In addition, …
Continue reading Cannabis Safe Harbor Legislation Reintroduced
On April 27, Rep. Ben Cline (R-VA) introduced the Federal Insurance Office Elimination Act of 2023. See PIA’s press release here. Rep. Cline’s press release, with PIA quotes, can be found here. The Federal Insurance Office Elimination Act will protect the successful state insurance regulatory system by repealing the Federal Insurance Office (FIO), an unnecessary federal …
Continue reading FIO Repeal Bill, PIA Top Priority, Introduced in the House
Recently, the Risk Management Agency (RMA) responded to a March letter sent by PIA and other agent groups, including the Crop Insurance Professionals Association, urging them to reinstate the inflation adjustment for crop agents. In its response, the RMA stated that, without renegotiating the Standard Reinsurance Agreement (SRA), it cannot reinstate the inflation adjustment, despite …
Continue reading RMA to PIA: Reinstatement of Inflation Adjustment Would Require SRA Renegotiation
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 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
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 …
Continue reading Member Spotlight: Rep. Glenn ‘GT’ Thompson (R-PA)
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