On Wednesday, the U.S. Senate Committee on Commerce, Science, and Transportation approved a bipartisan bill that would preempt some state laws and require the federal government to create regulations related to self-driving cars.
Earlier this week the Big “I” submitted comments to the Department of Labor outlining information the DOL should consider if the Trump Administration decides to update federal overtime regulations.
This week the House Financial Services Committee’s Subcommittee on Housing and Insurance held a hearing focused on a proposal to expand the federal Liability Risk Retention Act. The Big “I” submitted testimony opposing this controversial proposal.
This week, the “Big Six”— which consists of Trump Administration officials and GOP leaders in Congress—released a framework for tax reform. The document is meant to guide the tax writing committees in the House and the Senate as they begin to hold hearing
A recently implemented data security regulation from the New York Department of Financial Services imposes new compliance and reporting obligations on every insurance agency and individual licensed by New York.
Both chambers of Congress and federal officials at the Department of Transportation are currently debating how federal policy can help accelerate the development of self-driving cars and trucks.
The U.S. Senate Finance Committee plans to hold a hearing on a new proposal to replace much of the Affordable Care Act: the Graham-Cassidy health care plan.
The U.S. House of Representatives voted to allow the Financial Stability Oversight Council independent insurance expert to remain in office until a successor is appointed.
On Wednesday, the Big “I” submitted a comment letter to the U.S. Department of Labor regarding extending the fiduciary rule transition period and delaying the applicability date for certain portions of the rule.
Last week, in another direct attack on private-sector delivery of crop insurance, Congress introduced legislation that would reduce the target rate of return for crop insurance companies from 14.5% to 9.6%.