On the Hill

If enacted, the “American Data Privacy and Protection Act (ADPPA)” would create a national standard on what kinds of data companies can gather from individuals and how they use it.

Today, the U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, “Reauthorization of the National Flood Insurance Program: Administration Perspectives.”

The document notes paying different compensation to agents and brokers for coverage in the same benefit year based on whether the enrollment is completed during a special enrollment period or open enrollment period is prohibited.

In its written testimony, the Big “I” underscored the importance of finally enacting a long-term reauthorization of the National Flood Insurance Program (NFIP).

The U.S. Department of Labor (DOL) announced that it plans to begin the rulemaking process to determine employee or independent contractor status under the Fair Labor Standards Act (FLSA).

The State Small Business Credit Initiative (SSBCI) program was reauthorized to provide a combined $10 billion to states to expand access to capital for small businesses.

The Big “I” submitted a statement that underscored the importance of finally enacting a long-term reauthorization of the NFIP after numerous short-term reauthorizations.

A bipartisan group of 24 senators sent a letter supporting inclusion of the “Secure and Fair Enforcement (SAFE) Banking Act” in the final conferenced American Competitiveness, Jobs and Innovation package.

The Big ‘I’ joined other organizations to send a letter to the U.S. Department of Labor stating that any rule change altering overtime regulations at this time would be ill-advised.

In May, FEMA is hosting more webinars for agents that will focus on Risk Rating 2.0.