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
In early June, PIA National was joined by other industry trade associations in expressing concerns with a disclosure provision in the discussion draft of the “Lower Health Care Costs Act” that was released by the Senate Health, Education, Labor and Pensions (HELP) Committee. This draft legislation contains multiple provisions aimed at targeting the rising cost …
PIA National is pleased that Senator Ted Cruz (R-TX) today introduced S. 1586, the “Federal Insurance Office Abolishment Act” in the Senate. This legislation is a companion bill to H.R. 1862 by Rep. Alex Mooney (R-WV), which was introduced in the House earlier this year. PIA National worked closely with Senator Cruz to develop this …
Continue reading PIA Top Priority FIO Repeal Introduced in Senate
Earlier this year, Senate Banking Committee Chair Sen. Mike Crapo (R-ID) teamed up with Committee ranking member Sherrod Brown (D-OH) to request feedback from interested parties on the privacy, protection, and collection of sensitive information by financial regulators and private companies. In the leaders' statement accompanying the solicitation, they cited the Equifax breach as an …
Continue reading PIA National Responds to Senate Banking Request for Data Privacy Feedback
Only a week after the 2019 PIA Federal Legislative Summit (FLS), Senator Steve Daines (R-MT), has introduced a PIA National priority, S. 1149, the "Main Street Tax Certainty Act of 2019," to make permanent the 20 percent tax deduction available to passthrough entities. S.1149 is the companion bill to H.R. 216, bipartisan House legislation introduced …
Sherrod Brown (D) is a U.S. senator from the state of Ohio. First elected to the Senate in 2006, Sen. Brown is now the top Democrat, or Ranking Member of the Senate Banking, Housing and Urban Affairs Committee, which has jurisdiction over most insurance issues. He is continuing in that role after becoming Ranking Member …
Continue reading Member Spotlight: Senator Sherrod Brown, Ranking Member of Senate Banking Committee
Mike Crapo (R) is a senator from the state of Idaho in the United States Senate. First elected to the Senate in 1998, Sen. Crapo is the chairman of the Senate committee that has jurisdiction over most insurance issues, the Banking, Housing and Urban Affairs Committee. He is continuing in that role after becoming chair …
Continue reading Member Spotlight: Senator Mike Crapo, Chairman of Senate Banking Committee
The 116th Congress was sworn into office today, January 3rd, 2019. This new Congress brings a divided Congress to Washington, D.C. for the first-time during President Trump’s administration. The Democratic party is now in control of the U.S. House of Representatives with a makeup of 235-199 (with one seat remaining unoccupied because its result remains …
John Neely Kennedy (R) represents the state of Louisiana in the U.S. Senate and sits on the committee of jurisdiction over most insurance issues, which is the Senate Banking, Housing and Urban Affairs Committee. Senator Kennedy was elected to the Senate in 2016 and, given his short time there, has had a major impact on …
Continue reading Member Spotlight: Senator John Kennedy of Louisiana
