Cannabis Safe Banking Passes House as Part of Defense Bill Once Again

The House of Representatives has again passed the SAFE Banking Act, a PIA top priority, for the 4th time this Congress. The SAFE Banking Act would protect insurance agents and carriers from federal prosecution doing business with cannabis-related enterprises in states in which such businesses are legal. Nearly every state has legalized cannabis to some degree. …

Continue reading Cannabis Safe Banking Passes House as Part of Defense Bill Once Again

PIA Wisconsin Advocates for 2022 Priorities

Members of the PIA of Wisconsin met this week with members of their Congressional delegation on a number of PIA’s 2022 Issues of Focus: the dangers of federal regulatory overreach into the insurance industry and the need to repeal the Federal Insurance Office (FIO), the importance of making the 20 percent tax deduction for passthrough …

Continue reading PIA Wisconsin Advocates for 2022 Priorities

Conference Committee Next Step for Cannabis Safe Harbor

In February, the Secure And Fair Enforcement (SAFE) Banking Act, the passage of which is one of PIA’s top legislative priorities, passed the House of Representatives after being included in the America Creating Opportunities for Manufacturing, Pre-Eminence in Technology and Economic Strength (COMPETES) Act of 2022, a bill that aims to improve American competitiveness by increasing domestic …

Continue reading Conference Committee Next Step for Cannabis Safe Harbor

Cannabis Safe Harbor Passes House as Part of America COMPETES Act

The Secure And Fair Enforcement (SAFE) Banking Act, one of PIA’s top legislative priorities, was passed in the House of Representatives on February 4 by a vote of 222-210 after being incorporated into the America Creating Opportunities for Manufacturing, Pre-Eminence in Technology and Economic Strength (COMPETES) Act of 2022, a bill that aims to improve American competitiveness …

Continue reading Cannabis Safe Harbor Passes House as Part of America COMPETES Act

Member Spotlight: Rep. Ed Perlmutter (D-CO)

An alumnus of University of Colorado’s law school with a special interest in business law, Representative Ed Perlmutter was elected to the U.S. House of Representatives in 2006 in Colorado’s 7th District. Currently serving his seventh term, Rep. Perlmutter was previously elected to the Colorado State Senate in 1994 after working for his father’s construction …

Continue reading Member Spotlight: Rep. Ed Perlmutter (D-CO)

Cannabis Safe Harbor Kept Out of Defense Bill

Despite bipartisan support from key senators, over 20 governors from both major political parties, and a broad coalition of cannabis, insurance, and business groups, the U.S. Senate prevented the Secure and Fair Enforcement (SAFE) Banking Act from being included in the final National Defense Authorization Act (NDAA) for Fiscal Year 2022. The House originally passed …

Continue reading Cannabis Safe Harbor Kept Out of Defense Bill

PIA Seeks Senate Passage of Cannabis Safe Harbor in Defense Bill

PIA recently collaborated with other insurance trade groups to send a letter to the leaders of the relevant Senate committees urging them to include the Secure and Fair Enforcement (SAFE) Banking Act in the final National Defense Authorization Act (NDAA) for Fiscal Year 2022 . PIA worked with a coalition of industry allies in support of this …

Continue reading PIA Seeks Senate Passage of Cannabis Safe Harbor in Defense Bill

Cannabis Safe Harbor Passes House as Part of Defense Bill

The Secure And Fair Enforcement (SAFE) Banking Act, a 2021 PIA top priority, passed the U.S. House 316-113 on September 23rd as an amendment to H.R. 4350, the National Defense Authorization Act (NDAA), giving it a chance of passing in this Congress. The SAFE Banking Act would protect insurance agents and carriers from federal prosecution for doing business with cannabis-related …

Continue reading Cannabis Safe Harbor Passes House as Part of Defense Bill