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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RMA to PIA: Reinstatement of Inflation Adjustment Would Require SRA Renegotiation

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 …

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118th Congress Begins Amid Leadership Uncertainty

The 118th Congress begins today, January 3rd, 2023, bringing divided leadership to Washington, D.C. The Republican party is now in control of the U.S. House of Representatives, which is made up of 222 Republicans and 212 Democrats (and one vacancy). The U.S. Senate will continue to be led by the Democratic party, which has 48 Senate …

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