On February 27, the U.S. House of Representatives passed the NAIFA supported SECURE Notarization Act of 2023 by a voice vote. The bipartisan legislation was introduced earlier this month by U.S. Reps. Kelly Armstrong (R-N.D.) and Madeleine Dean (D-Pa.).
Mike Hedge
Recent posts by Mike Hedge
1 min read
House Passes SECURE Notarization Act of 2023
By Mike Hedge on 3/2/23 1:15 PM
Topics: Legislation & Regulations Federal Advocacy Supported Legislation
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NAIFA Joins with Joint-Trades Coalition to Weigh in on Data Privacy Bill
By Mike Hedge on 3/1/23 5:07 PM
NAIFA joined in a letter of support to the House Financial Services Committee for efforts in introducing the Data Privacy Act of 2023. The Data Privacy Act would modernize the Gramm-Leach-Bliley Act (GLBA), a working data privacy framework for insurance consistent with consumer expectations.
Topics: Federal Advocacy Supported Legislation Data Security
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NAIFA Files Comments with Centers for Medicare and Medicaid Services
By Mike Hedge on 2/13/23 12:13 PM
A NAIFA comment letter to the Centers for Medicare & Medicaid Services (CMS) submitted comments suggesting changes to the CMS proposed rule titled ”2024 Notice of Benefits and Payment Parameters,” published in the Federal Register on December 21, 2022.
This proposed rule includes proposed payment parameters and provisions related to the HHS-operated risk adjustment and risk adjustment data validation programs, as well as proposed 2024 user fee rates for issuers offering qualified health plans (QHPs) through Federally-facilitated Exchanges (FFEs) and State-based Exchanges on the Federal platform (SBE-FPs).
Topics: Medicaid Legislation & Regulations Medicare Press Release
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NAIFA Supports Legislation to Address Financial Exploitation of Seniors
By Mike Hedge on 1/31/23 4:14 PM
The U.S. House of Representatives passed H.R.500, the Financial Exploitation Prevention Act of 2023, by a bipartisan vote of 419-0 on January 30. H.R. 500 was introduced by Rep. Ann Wagner, (R-MO), Chairwoman of the House Financial Services subcommittee on Capital Markets.
Topics: Legislation & Regulations Federal Advocacy Congress Supported Legislation Senior Financial Protection
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NAIFA Supports RILA Act to Benefit Registered Index-Linked Annuity Consumers
By Mike Hedge on 12/7/22 4:44 PM
The RILA Act has cleared the hotline in the Senate (meaning all 100 Senators have agreed to allow it to pass). Next, bill sponsor Senator Tina Smith (D-MN) will try to add it to the end-of-the-day “wrap up” package along with all the other cleared bills, resolutions, and organizing agreements.
Topics: Life Insurance & Annuities Retirement Legislation & Regulations
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CMS Issues FAQs to Address the Recording of Calls by Agents and Brokers
By Mike Hedge on 10/21/22 5:43 PM
In May, the Centers for Medicare and Medicaid Services (CMS) issued a Final Rule which revises the Medicare Advantage (Part C) program and the Medicare Prescription Drug Benefit (Part D) program regulations to implement changes related to marketing and communications, past performance, Star Ratings, network adequacy, medical loss ratio reporting, special requirements during disasters or public emergencies, and pharmacy price concessions.
Topics: Medicare Federal Advocacy
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NAIFA Works to Lessen the Impact of CMS Final Rule
By Mike Hedge on 7/26/22 11:37 AM
In May, the Centers for Medicare and Medicaid Services (CMS) issued a Final Rule which revises the Medicare Advantage (Part C) program and the Medicare Prescription Drug Benefit (Part D) program regulations to implement changes related to marketing and communications, past performance, Star Ratings, network adequacy, medical loss ratio reporting, special requirements during disasters or public emergencies, and pharmacy price concessions.
Topics: Health Care Medicare Federal Advocacy CMS Producer Sales & Marketing
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SECURE Notarization Amendment Offered for NDAA
By Mike Hedge on 7/15/22 1:30 PM
The NAIFA-supported SECURE Notarization Act was filed with Rules as an amendment (AMDT #543) to the National Defense Authorization Act (NDAA) on July 8 by Rep. Madeleine Dean (D-PA), Rep. Kelly Armstrong (R-ND), Rep. Ed Perlmutter (D-CO), Rep. Guy Reschenthaler (R-PA), and Rep. Veronica Escobar (D-TX).
NAIFA joined with industry partners in a letter to express strong support for NDAA amendment #543. The text of the amendment is taken from H.R. 3962, the SECURE Notarization Act, which has the strong, bipartisan support of 113 cosponsors.
Topics: Federal Advocacy Congress Remote Notarization Producer Sales & Marketing
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Bill on Remote Notorization Would Benefit Consumers and Financial Professionals
By Mike Hedge on 5/26/22 2:18 PM
NAIFA has joined with industry partners in a letter to House sponsors of the Securing and Enabling Commerce Using Remote and Electronic Notarization Act urging support for the legislation. The bipartisan legislation (H.R. 3962) was introduced by Representatives Madeleine Dean (D-PA) and Kelly Armstrong (R-ND).
Topics: Federal Advocacy Congress Insurance & Financial Advisor Regulation Supported Legislation Remote Notarization
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NAIFA Offers Comments to Senate Special Committee on Aging on Financial Literacy
By Mike Hedge on 10/29/21 8:41 AM
NAIFA submitted comments to the U.S. Senate Special Committee on Aging regarding an inquiry by Chairman Bob Casey (D-PA) and Ranking Member Tim Scott (R-SC). Both committee leaders are working together in a bipartisan way to examine issues that are of importance to the health, economic security, and well-being of older Americans and their families.