On the Hill

The Big “I” expects attacks on the Federal Crop Insurance Program in President Biden’s FY2022 budget but remains committed to advocating for a robust and strong program.

The new guidance on Paycheck Protection Program loans includes information in the form of an FAQ document for 501(c)6 organizations participating in lobbying activities.

The Big “I” joined a number of other small business groups in sending a letter of support for the bill that will help millions of small businesses, including many Big “I” members, during this difficult time.

Among other things, the Protecting the Right to Organize Act seeks to change the definition of “independent contractor” in a way that could cause significant disruption to the financial services and property-casualty insurance industries.

While the official announcement is yet to be made by FEMA, it is expected to say that new business will be effective October 1, 2021, with renewal business implemented on April 1, 2022.

As one of the leading supporters of a modernized state-based system of insurance regulation, the Big “I” continues to support eliminating or significantly restricting the authority of the Federal Insurance Office.

During a recent town hall, the president took aim at home and auto insurance pricing disparities for Black and Latino consumers.

Earlier this week, the U.S. Small Business Administration announced changes to the Paycheck Protection Program intended to help small businesses secure loans.

The enrollment period for expanded access to the Affordable Care Act is scheduled to begin on Monday, Feb. 15 and will run for three months.

The proposed rule would allow consumers to purchase a private flood insurance option instead of insurance through the National Flood Insurance Program when flood insurance is required by the Federal Housing Administration.