The U.S. Senate passed the Families First Coronavirus Response Act by an overwhelming bipartisan vote and the president quickly signed the legislation into law. The legislation includes many provisions that impact Big “I” members and small businesses.
Included in the bill are many provisions that impact Big “I” members and small businesses, which are expected to become law in the next few days.
To help members prepare and respond to the coronavirus epidemic, the Big “I” will update a resource page as the outbreak develops.
The Big “I” looks forward to continuing to work with Congress to protect consumers from unfair discrimination while also preserving the state-based system of insurance regulation.
The model proposes a broad range of new obligations for insurance agents and includes a handful of provisions that are particularly concerning. Big “I” members and state associations are urged to monitor any developments closely and weigh in as necessary.
The legislation would significantly weaken the Federal Crop Insurance Program and the critical safety net the program offers. The Big “I,” along with its coalition partners, will continue to advocate for a strong and robust crop insurance program.
Big “I” Chairman Jon Jensen was in Washington, D.C. last week to meet with members of Congress and set the groundwork for the 2020 Big “I” Legislative Conference, to take place May 13-15.
The Big “I” will continue dialogue with Congress to improve any language in a surprise medical billing package that would require disclosure of direct and indirect compensation for agents.
The Big “I” opposes these cuts to the FCIP and—along with its crop insurance coalition partners—issued a statement opposing these dangerous reductions.
The “Nonprofit Property Protection Act” would broadly preempt state insurance regulatory protections, undermining the state-based system.