The legislation would reauthorize the National Flood Insurance Program (NFIP) for five years and clarify that private flood insurance can satisfy the NFIP’s continuous coverage requirements, a top priority for the Big “I.”
Sen. Rick Scott (R-Florida) discussed how federal overreach by the Biden administration will negatively impact small businesses and the economy’s recovery from the coronavirus pandemic.
The cost will be steep if the nation doesn’t unite and invest resources in solving critical problems, warned House Majority Whip James Clyburn (D-South Carolina).
Rep. Carolyn Maloney (D-New York) led the charge on an exemption for insurance agents and brokers from new onerous federal reporting requirements and was the primary sponsor of the Pandemic Risk Insurance Act.
Rep. Blaine Luetkemeyer (R-Missouri) warned that for small businesses to continue to recover, stimulus via the federal government should be temporary.
Today, FEMA issued notification of Risk Rating 2.0 program changes to the National Flood Insurance Program effective on October 1, 2021, the overall timeline for implementation of Risk Rating 2.0 and FEMA’s expectations of NFIP insurers.
The conference will be held April 13-16, with daily programs beginning at 2 p.m. ET. Virtual attendees will hear from speakers including top leaders in Congress and FOX News’ Bill Hemmer, co-anchor of “America’s Newsroom.”
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.
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.
The legislation would prevent criminal prosecution and civil liability against agents and brokers who choose to engage with cannabis-related legitimate businesses.
