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
When we announced the passage of a cannabis safe harbor bill as a 2022 legislative priority again this year, we did not expect the SAFE Banking Act to pass the House a third time this Congress and still not make it out of the Senate, but here we are, at least today. As you may …
Continue reading Cannabis Safe Harbor: Up for Grabs … or Up in Smoke?
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
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
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
In 2022, PIA will continue its nonstop advocacy efforts on behalf of professional insurance agents by promoting our 2022 Issues of Focus. While the items below are our top priorities for 2022, PIA is always working to promote the interests of our independent agent members, wherever those interests take us. To see a pdf of …
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)
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 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
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
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