Late on March 25, the U.S. Senate passed H.R. 748, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, by a vote of 96-0. This bill is the third COVID-19-related bill that Congress has passed, and others are likely to follow. The Senate unanimously approved the $2 trillion emergency package, which is intended to provide urgently …
Continue reading COVID-19 Emergency Relief Package Passes Senate
On March 18, the U.S. Senate passed H.R. 6201, the Families First Coronavirus Response Act by a vote of 90-8. The U.S. House passed it on March 16. The president signed it into law the evening of March 18. The legislation would provide for free COVID-19 (commonly referred to as coronavirus) testing, food assistance, and …
PIA National has been working to advance legislation to protect insurance agents from federal prosecution for doing business with cannabis-related enterprises in states in which such businesses are legal. To that end, PIA helped develop the Clarifying Law Around Insurance of Marijuana (CLAIM) Act, which would provide a legal safe harbor for independent agents that engage …
Continue reading PIA Urges Senate Action on Cannabis Safe Harbor Bill
Two days after the House passed a government funding package (H.R. 1865), the Senate followed by a vote of 71-23. The measure includes three of PIA National’s top policy priorities: an extension of the National Flood Insurance Program (NFIP) until September 30, 2020; the permanent repeal of the Cadillac Tax; and an extension of the terrorism …
Continue reading Senate Passes Cadillac Tax Repeal and Flood, TRIA Extensions
Today the U.S. Senate passed H.R. 4378, a short-term continuing resolution (CR) to fund the federal government until November 21 by a vote of 82-15. An extension of the National Flood Insurance Program (NFIP), set to expire September 30, was included in the bill. The House of Representatives already passed the bill earlier in September. The new expiration date …
Continue reading Senate Passes Flood Insurance Program Extension to November
On July 22nd, Senator Bob Menendez (D-NJ) and Senator Rand Paul (R-KY) introduced S. 2201, the Clarifying Law Around Insurance of Marijuana (CLAIM) Act. The CLAIM Act recognizes the need for a comprehensive federal safe harbor for insurers and insurance agents who sell insurance to both cannabis-related legitimate businesses and other commercial and personal lines …
Continue reading Cannabis Safe Harbor Insurance Bill Introduced
On July 18, Senators Bob Menendez (D-NJ) and Bill Cassidy (R-LA) introduced bipartisan legislation, the National Flood Insurance Program Reauthorization and Reform Act of 2019 (S. 2187), to reauthorize the NFIP for five years. The bill’s 10 cosponsors are from both chambers and both sides of the aisle. A House companion bill (H.R. 3872) was introduced …
Continue reading New NFIP Bill Poses Threat to Agent Commissions
