On the Hill

Amid legal efforts by the Trump Administration to expand access to association health plans, the Department of Labor released a lengthy statement providing some guidance.

Late last week, a bipartisan group of lawmakers from the U.S. House of Representatives and Senate sent a letter to President Trump urging the Administration to nominate members of the NARAB Board.

This week, the Big “I” joined a diverse range of partners and stakeholders in sending a letter urging Congress to maintain appropriated funding for FEMA’s Flood Hazard Mapping and Risk Analysis Program.

This week, the Big “I” joined other organizations in sending a letter supporting the “Main Street Tax Certainty Act,” which would make the 20% tax deduction on qualified business income permanent.

On Wednesday, the U.S. House of Representatives Financial Services Committee passed legislation designed to protect banking and insurance firms from federal penalties if they provide financial services to cannabis-related businesses legalized at the state

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

On Monday, FEMA issued a bulletin stating that consumers cannot receive a refund for unearned premiums if they cancel a NFIP policy mid-term in favor of a private policy.

On Monday, FEMA announced significant changes to the way the NFIP will charge homeowners for flood insurance risks.

On Wednesday, Chris Heidrick, chair of the Big “I” Flood Insurance Task Force, testified before the U.S. House of Representatives Financial Services Committee on reauthorization of the NFIP.

The budget proposal includes $26 billion in cuts to the FCIP and proposed means-testing for the NFIP.