On the Hill

Senate Passes Bipartisan Legislation to Extend PPP Deadline

The Big “I” strongly supported congressional passage of the Paycheck Protection Program Extension Act, which the U.S. Senate passed earlier today. The bill now heads to President Biden’s desk where he is expected to sign the bill into law.

SAFE Banking Act Introduced in Senate

The legislation attempts to reconcile federal law with conflicting cannabis-related state laws by providing a federal safe harbor to financial services providers including insurers, agents and brokers.

Cannabis Legislation Introduced in Congress

The legislation would prevent criminal prosecution and civil liability against agents and brokers who choose to engage with cannabis-related legitimate businesses.

Big ‘I’ Legislative Conference Preview

The 2021 Conference will be held April 13-16 and will include addresses from members of Congress, a legislative update on key independent agent issues and more. Here is a preview of the issues Big “I” members will bring to Capitol Hill.

House Passes Legislation to Extend PPP Deadline

The legislation extends the Paycheck Protection Program to May 31 and provides an additional 30 days for the U.S. Small Business Administration to process loans submitted prior to the new deadline.

House Passes PRO Act

The Big “I” opposes the Protecting the Right to Organize Act in its current form and is working to seek an exemption from the ABC test for insurance agents and financial advisors.