Senate Reintroduces Bill to Make 20% Tax Deduction for Small Businesses Permanent
The deduction is set to expire in 2025 but is heavily relied upon by many Big “I” members and their clients.
Legal and Compliance
Big ‘I’ Submits Comment Letter Opposing FTC Noncompete Proposal
In its submitted comments, the Big “I” stated that its “members have significant interest in the proposed regulation and worry the proposal will threaten the competitiveness, viability, and value of their businesses.”
AN Radio: Raising the Bar for InsurPac with Tonya Thomason
Tonya Thomason, president of David A. Crotts & Associates, shares some of the secrets to how she helped the Independent Insurance Agents & Brokers of South Carolina win the InsurPac “Triple Crown” three years in a row.
No Federal Oversight of Premium Financing, Thanks to Big ‘I’
The Consumer Financial Protection Bureau was considering the adoption of burdensome mandates that would have disrupted premium finance transactions.
Small Businesses Face Higher Taxes in President Biden’s FY2024 Budget
The more than $4 trillion in tax hikes this budget proposes would dangerously target small businesses.
The Big ‘I’ Opposes Noncompete Proposal in FTC Forum, Suggests Revisions
The proposed new rule would prohibit the use of noncompete agreements and would apply to employees, independent contractors, interns, volunteers, apprentices, and other types of workers.
Data Privacy Considered in Congress: What You Should Know
Two top House committees considered legislation that would impact how agents and brokers conform with national data privacy laws and standards.
Big ‘I’ Urges Congress to Maintain State Implementation of Federal Privacy Standards
The House Financial Services Committee has released draft legislation to amend and bolster the privacy requirements created by the Gramm-Leach-Bliley Act.
Big ‘I’ Urges FTC to Extend Comment Period on ‘Unprecedented’ Noncompete Proposal
The current 60-day comment period is a remarkably short window for the business community to assess the sweeping effects of the startling proposal to ban noncompete agreements.
House Passes Bill to Cut IRS Funding
The legislation, which passed on partisan lines, was the House Republicans’ first major bill of the year and was one of their top campaign issues throughout the midterms.
