The U.S. House tonight passed a continuing resolution (CR) by a vote of 221 to 212 to fund the federal government through February 18, 2022. A short-term extension of the National Flood Insurance Program (NFIP) is included in the CR. Funding for the federal government and authority for the NFIP are both still set to …
Continue reading House Extends NFIP to Feb. 18, 2022 in Continuing Resolution
PIA has a long history of supporting the state regulation of insurance and opposing federal insurance oversight. Since 2016, one of our annual top legislative priorities has been the repeal of the Federal Insurance Office (FIO), which was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Our advocacy was vital …
Continue reading PIA Objects to FIO Investigation of Climate-Related Insurance Risk
The U.S. House today passed H.R. 5376, the $1.75 trillion budget reconciliation bill which has been marketed by Democrats as the “Build Back Better Act.” If approved as-is by the Senate, the legislation will allocate roughly $1.75 trillion in spending over a 10-year period. The bill passed largely along party lines by a vote of …
Since the spring of 2020, when proposals intended to prepare for the economic consequences of a future pandemic began to emerge, PIA has been actively engaged with policymakers on this important issue. To that end, PIA supported the 2020 Pandemic Risk Insurance Act (PRIA), introduced by Rep. Carolyn Maloney (D-NY). That bill tried to make pandemic …
Continue reading PIA Will Not Support Reintroduced Future Pandemic Legislation
PIA has been vocal in our opposition to a proposal in the current House reconciliation package that would impose a broad new tax information reporting regime on all bank accounts over a certain de minimis amount. The proposal would require financial institutions and other providers of financial services to track and submit to the Internal Revenue Service …
Continue reading PIA Requests Removal of Tax Reporting Provision from Reconciliation Package
PIA strongly opposes a proposal that would expand federal oversight to potentially include state workers’ compensation programs. Recently, the House Education and Labor Committee, chaired by Rep. Bobby Scott (D-VA) passed the labor portions of the administration’s pending budget reconciliation package. It includes an allocation of $121 million to dramatically expand federal authority over the …
Continue reading Congress Seeks to Expand Federal Oversight to State Workers’ Comp Programs
This afternoon, the House passed an amended version of H.R. 5305, the continuing resolution (CR) that will fund the federal government until December 3, 2021, by a vote of 254 to 175. Importantly for PIA members, this CR includes an extension of the National Flood Insurance Program (NFIP) until December 3. The Senate passed the …
Continue reading House Passes NFIP Extension and Funding Bill
Today the Senate passed an amended version of H.R. 5305, the continuing resolution (CR) that will fund the federal government until December 3, 2021, by a vote of 65 to 35. Importantly for PIA members, the CR includes an extension of the National Flood Insurance Program (NFIP) until December 3 as well. An earlier version …
Continue reading Senate Passes Amended Funding Bill with NFIP Extension
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
Tonight, the U.S. House passed H.R. 5305, a continuing resolution (CR) to fund the federal government to December 3, 2021 by a vote of 220-211. As reported earlier this evening, the CR includes an extension of the National Flood Insurance Program (NFIP) to that same date. Both the funding for the federal government and the …
Continue reading House Passes Federal Funding Bill, NFIP Extension to December 3
