Legal and Compliance

Rep. Josh Gottheimer (D-New Jersey) spoke to Big “I” members to discuss the political climate on Capitol Hill, as well as progress on key Big “I” legislative priorities.

Rep. Ritchie Torres (D-New York), spoke to Big “I” members about the importance of civil discourse in politics, reaching across the aisle for the good of the country, and building and leveraging relationships.

The final rule issued by the U.S. Department of Labor (DOL) intends to clarify the standard for determining whether a worker is an employee or an independent contractor under the Fair Labor Standards Act (FLSA).

The bill will require the Government Accountability Office (GAO) to conduct a study on wildfire damage, the existing state of insurance coverage, possible government mitigation responses, and the challenges faced by private insurers.

The act would prevent the Consumer Financial Protection Bureau from pursuing enforcement against any person regulated by a state insurance regulator.

The legislation would have banned the use of noncompete agreements and potentially other forms of employment contracts in the Empire State.

The Big “I” was successful in securing an exemption for independent agents from the act by showing that insurance producers already provide this beneficial ownership information to state regulators.

The act aims to enhance price transparency within the healthcare system, fostering informed decision making for patients and employers.

Without this exemption, the act would have required agencies with fewer than 20 employees to file new reports on their beneficial ownership.