On the Hill

After the U.S. House of Representatives passed a bill that would extend the NFIP through Nov. 30, the timing for consideration of the measure in the U.S. Senate remains uncertain.

Unless Congress acts, the NFIP is scheduled to expire on July 31. Call the offices of your federal legislators to encourage them to reauthorize the program.

The Big “I” and other groups are currently advocating for Congress to extend the NFIP before the program expires on July 31.

Earlier this week, the Trump Administration announced that it would cut funding for navigators from $36 million to $10 million annually.

The bill requires that when U.S. federal government representatives negotiate international insurance standards, they ensure negotiations are consistent with U.S. state and federal insurance law.

Even though both the House and Senate have passed a Farm Bill supportive of crop insurance, the bills significantly differ on several contentious issues.

Last week, Rep. Dennis Ross (R-Florida) introduced H.R. 6292, to amend the Liability Risk Retention Act to expand the types of commercial insurance that risk retention groups can offer to nonprofit organizations.

The Senate version of the Farm Bill is scheduled for a vote before the end of the week. However, disagreement among senators over some provisions of the bill have made it unclear what changes might be made to the bill before the vote.

The Big “I” and other producer groups are seeking clarity on a key provision of the new tax law that allows for a 20% deduction on “qualified business income” for owners and shareholders of pass-through businesses.

The rule would expand access to Association Health Plans and let small businesses and trade groups band together to purchase health insurance or self-insure.