PIA National has continued to push back against any proposal to retroactively change business interruption (BI) provisions to have them cover coronavirus-related losses. Last week, we worked with a group of Senators on a letter to the administration, highlighting their concerns with that approach. This week, we were pleased to support two letters from U.S. House Members …
Continue reading PIA Works with House Allies to Oppose Business Interruption Proposals
PIA National supports H.R. 4634, which passed the House Financial Services Committee today in a bipartisan vote of 57-0. The bill would extend the Terrorism Risk Insurance Program (TRIP) for seven years with minimal changes to the program. TRIP expires at the end of next year on December 31, 2020. PIA National has been advocating …
Continue reading Terrorism Risk Insurance Bill Passes House Committee
This week, PIA National submitted testimony for a joint hearing in the House Financial Services Committee subcommittees on Housing, Community Development and Insurance and National Security, International Development, and Monetary Policy on the reauthorization of the Terrorism Risk Insurance Program (TRIP). This hearing on the reauthorization of TRIP follows one held in the Senate Banking, Housing …
Continue reading PIA Supports Terrorism Risk Insurance Program Renewal
Congress returns from its August recess next week, and not a moment too soon. The National Flood Insurance Program (NFIP) is set to expire on September 30th if Congress doesn’t act to extend it. The NFIP is currently on its 12th short term extension since its last long-term renewal expired in September 2017. While Congress may …
Continue reading Flood Insurance Program Set to Expire Sept. 30 Absent Congressional Action
Nydia Velázquez is a Democratic Congresswoman who represents the 7th Congressional District of New York in the U.S. House of Representatives. Her metropolitan district is comprised of parts of Brooklyn, lower Manhattan, and Queens. Rep. Velázquez has served in the House since 1993, and she was the first Puerto Rican woman elected to the House …
Continue reading Member Spotlight: Congresswoman Nydia Velázquez
Sean Duffy was elected to the United States House of Representatives in 2010 to represent Wisconsin’s 7th Congressional District. Rep. Duffy’s district spans Northwestern and much of central Wisconsin and covers 20 counties. Rep. Duffy obtained his BA from Saint Mary’s University of Minnesota and his JD from the William Mitchell College of Law. Prior …
Continue reading Member Spotlight: Congressman Sean Duffy (R-WI)
Cindy Axne represents the 3rd Congressional District of Iowa. Her district is comprised of the southwest corner of Iowa, including Des Moines and Council Bluffs. Prior to serving in Congress, Rep. Axne worked for the Tribune Company in Chicago and for the state government of Iowa. She has a bachelor’s degree in journalism from the …
Continue reading Member Spotlight: Congresswoman Cindy Axne (D-IA)
On June 12th, the U.S. House Financial Services Committee passed PIA-supported bipartisan legislation to reform the National Flood Insurance Program (NFIP) and reauthorize it for five years. The compromise bill was released June 6 by House Financial Services Committee Chairwoman Maxine Waters (D-CA) and Ranking Member Patrick McHenry (R-NC). The NFIP is currently slated to …
Continue reading House Committee Passes PIA-Supported Flood Reauthorization
The House Financial Services Committee is set to consider, or “mark up,” legislation that would reauthorize and reform the National Flood Insurance Program (NFIP) this week. PIA National is pleased to support legislation that would provide a five-year reauthorization of the NFIP, which is currently on its 12th short term extension since 2017. Two relevant …
Continue reading PIA-Backed NFIP Legislation to Be Marked Up This Week
With the National Flood Insurance Program (NFIP) now extended until September 30th, 2019, the House Financial Services Committee is turning its attention to reauthorizing the program long-term. The Committee is likely to hold a markup, or committee consideration of legislation, soon. PIA National has been advocating for a long-term reauthorization of the NFIP that includes …
Continue reading PIA Reiterates Flood Priorities Ahead of Expected Committee Action
