On the Hill

This week, the Big “I” led a group of 26 organizations in sending a letter to congressional leadership urging immediate action to reauthorize the NFIP before it expires on Nov. 30.

InsurPac, the Big “I” political action committee, distributed $2,060,500 to a total of 288 federal campaigns, winning at least 245 of them for an 85% victory rate.

As the dust settles on the 2018 midterm election, agents across the country may be wondering how the new balance of power in Congress will affect their businesses.

Last week, the Big “I” testified at a Department of Labor hearing designed to assist the DOL’s efforts in updating federal overtime regulations.

Yesterday, Congress passed the Disaster Recovery Reform Act, a new law aimed at improving America’s approach to disaster resilience.

The Farm Bill expired on Sunday, Sept. 30, leaving several agricultural, environmental and nutrition programs and initiatives in limbo.

This week, the Big “I” submitted a comment letter to the Department of Treasury and the Internal Revenue Service in support of a draft regulation issued earlier this year. Meanwhile, the IRS also issued transitional guidance about the 2017 tax law.

At press time, the U.S. House of Representatives is scheduled to vote this week on “tax reform 2.0” legislation. The package is expected to pass on a mostly partisan basis.

Last year, President Trump signed into law the widest-ranging tax reform legislation in decades. Learn more about how the new federal tax laws and regulations will impact your business during a free webinar hosted by the Big “I.”

For Big “I” members, the most important piece of this three-bill package is the “Protecting Family and Small Business Tax Cuts Act of 2018,” which would make the individual provisions of last year’s tax reform bill permanent.