Advocacy in action blog

NAIFA members across the country are taking grassroots advocacy directly to home districts, meeting face-to-face to share the priorities of Main Street Americans and the financial professionals who serve them. Recent in-district meetings brought NAIFA members together with key lawmakers and their staff in South Carolina, California, Tennessee, and Montana.

NAIFA-New Jersey Grassroots Involvement Chair Jill Van Nostrand asked the New Jersey Department of Labor and Workforce Development to withdraw a proposed rule that would risk misclassifying thousands of independent contractors in the state, including insurance producers and financial advisors, as employees under state labor law. In a comment letter she submitted on behalf of NAIFA-New Jersey, Van Nostrand wrote that the proposal ignores decades of legal precedent and places unnecessary burdens on highly regulated professionals who are already held to strict compliance standards.

The Medicare system, including various Medicare Advantage and Medicare Part D plans, can be very confusing to beneficiaries and older Americans exploring their healthcare options. The guidance of experienced, licensed professionals is often indispensable. NAIFA President Doug Massey recently sent a letter to the chairmen and ranking members of the House Ways and Means Committee, Subcommittee on Health, and Subcommittee on Oversight outlining the role of the agent and suggesting ways Congress can strengthen consumer protections while preserving access to professional guidance. 

The insurance business is effectively regulated at the state level, protecting consumers by taking into account local market conditions that impact the business. Laws that prevent federal regulations from straying into state-regulated insurance matters are important to avoid consumer confusion and prevent federal rules that could overlap or contradict state regulations. NAIFA supports legislation introduced by former NAIFA member Senator Tim Scott (R-SC) and Representative Bryan Steil (R-WI) that would amend the Consumer Financial Protection Act of 2010 to exempt the insurance business from regulations created by the Bureau of Consumer Financial Protection (CFPB).

The recently enacted HR 1 brings significant changes to tax policy, retirement planning, and financial strategies that clients rely on. As financial professionals, it’s essential to stay ahead of the curve - not just to understand the updates, but to explain them in ways that build trust and reinforce our value.

Join NAIFA for a timely and practical webinar designed to help you turn technical policy updates into meaningful client conversations.

The newly finalized reconciliation bill delivers a sweeping set of tax provisions that will shape how financial professionals advise clients - individuals, families, and businesses - for years to come. From income tax and charitable giving to estate planning and business deductions, this legislation locks in key provisions of the Tax Cuts and Jobs Act (TCJA) while adding new tools across multiple areas of financial planning. NAIFA has identified 15 key takeaways that every financial professional should know. Download PDF.

NAIFA CEO Kevin Mayeux, CAE, issued the following statement upon Senate passage of its version of the tax and spending reconciliation bill:

“NAIFA is pleased that the Senate-passed reconciliation bill includes important measures that protect the financial security of American families and businesses. NAIFA members have strongly encouraged lawmakers to include permanent extensions of the 199A tax deduction for pass-through businesses and most of the individual tax rates and deductions that would have expired this year. We have also asked lawmakers to reject a cap on the corporate state and local tax (C-SALT) deduction and new taxes on insurers or insurance products. American consumers will benefit from the fact that the bill preserves the existing tax treatment of financial tools and imposes no new burdens that would prevent insurance and financial professionals from effectively serving the American public. NAIFA will continue to monitor the bill as it now returns to the House for final passage. Major changes that will impact our members or the financial security of the Main Street consumers they serve are unlikely.”

The National Association of Insurance and Financial Advisors (NAIFA) supports the budget reconciliation tax package and has signed onto two coalition letters (here and here) urging Congress to enact this important legislation. This tax package builds on the foundation laid by the Tax Cuts and Jobs Act and reflects a clear commitment to policies that enable Main Street businesses including insurance and financial professionals to thrive. It addresses long-standing tax concerns that impact the majority of small businesses and pass-through entities that form the backbone of local economies.

NAIFA Trustee Dennis Cuccinelli of NAIFA-New Jersey testified before the New Jersey Department of Labor and Workforce Development to voice concerns over a proposed rule that would codify the ABC test for determining worker classification.

"The Centers for Medicare & Medicaid Services' (CMS) decision to positively adjust agent compensation for 2026 is a meaningful step in the right direction," said NAIFA CEO Kevin Mayeux, CAE. "This adjustment reflects growing recognition of the critical role licensed insurance professionals play in guiding Medicare beneficiaries through a complex and often confusing system.