Katie Britt was elected to the United States Senate in 2022 to represent the state of Alabama. Prior to her election to the Senate, Sen. Britt held senior positions in the office of former Alabama Senator Richard Shelby, including press secretary and chief of staff. Sen. Britt also served as president and CEO of the …
Tag: 118th Congress
PIA Submits Testimony on Flood Insurance for Senate Banking Committee Hearing
The Senate Banking, Housing and Urban Affairs Committee held a hearing on January 25 entitled, “Reauthorization of the National Flood Insurance Program: Local Perspectives on Challenges and Solutions.” PIA submitted written testimony for the record for the hearing, noting our support for the NFIP because it provides critical flood insurance coverage and post-disaster relief to residential and …
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Congress Passes Short-Term Spending Bill with NFIP Extension to Avert Shutdown
Congress avoided a partial government shutdown this week by passing a short-term spending bill, known as a continuing resolution (CR), through both the House and the Senate. In a departure from precedent, lawmakers had been confronting not one but two government shutdown threats—on January 19 and February 2. Congress last passed a CR in November; the …
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PIA Releases 2024 Policy Priorities
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 2024 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, …
PIA Urges Clarification of Insurance’s Exemption from CFPB Regulation
PIA, along with other insurance industry stakeholders, sent a letter to congressional leaders in support of legislation to amend the Consumer Financial Protection Act of 2010 to clarify the Consumer Financial Protection Bureau’s (CFPB) regulatory authority within the business of insurance. CFPB was created in 2011 to protect consumers in the financial sector, and its …
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Insurance Data Protection Act Introduced in Senate
On November 28, Sen. Katie Britt (R-AL) introduced S.3349, the Insurance Data Protection Act with PIA’s strong support. This legislation will meaningfully reform the Federal Insurance Office (FIO), an unnecessary federal bureaucracy created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. PIA worked with Senator Britt on the introduction of the bill and our support for the …
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Congress Passes Spending Bill with NFIP, Farm Bill Extensions
This week the House and Senate both passed a federal government funding bill, or continuing resolution (CR) to fund the federal government. The federal government and several key programs were set to expire 12:01am Saturday, November 18 if Congress did not act. This CR is unique in that it splits the federal government funding into …
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Senate Calls for Reinstatement of Crop Insurance Inflation Adjustment
The U.S. Senate recently passed the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Fiscal Year 2024 appropriations bill. It passed 82-15, as part of a package with two other funding measures, the Military Construction, Veterans Affairs, and Related Agencies bill and Transportation, Housing and Housing and Urban Development bill. The Senate Appropriations …
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PIA-Backed Bills on FIO Repeal and Reform Highlighted in House Hearing
The House Financial Services Subcommittee on Housing and Insurance held a hearing today entitled, “The Factors Influencing the High Cost of Insurance for Consumers.” In advance of the hearing, PIA submitted testimony for the record. The hearing examined the status of the domestic insurance industry, including recent developments in the property and casualty insurance market …
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Rep. Mike Johnson (R-LA) Elected Speaker
On October 25, the U.S. House of Representatives elected Rep. Mike Johnson (R-LA) to be the Speaker of the House. Speaker Johnson’s ascension came after more than three weeks of being without a Speaker, a period triggered by former Speaker Kevin McCarthy (R-CA)’s historic removal from his post earlier this month. Speaker Johnson was elected …