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2 min read

NAIFA Invites All Financial Services Professionals to Attend Virtual Congressional Fly-In May 25-26

By NAIFA on 4/14/21 1:58 PM

NAIFA’s Congressional Congress, May 25-26, will be a virtual event featuring targeted advocacy training with briefings on legislative issues that affect members’ businesses, best practices for conducting congressional meetings, and tips for developing impactful long-term relationships with legislators.

Topics: Advocacy NAIFA Events Legislative & Regulatory Press Release
1 min read

NAIFA Urges DOL to Move Forward With Rule on Independent Contractor Status

By Mike Hedge on 4/13/21 2:17 PM

NAIFA has joined with industry partners to submit a comment letter to the Department of Labor (DOL) on the proposed withdrawal of the Independent Contractor Status rule under the Fair Labor Standards Act (FLSA). The rule was published on January 7, 2021.

Topics: Advocacy Legislative & Regulatory
1 min read

NAIFA Experts Give Updates on the PRO Act

By NAIFA on 3/28/21 8:19 PM

NAIFA Senior Vice President Diane Boyle and Government Relations Director Michael Hedge spend part of their week keeping insurance and financial professionals up-to-date with the latest information on the PRO Act, where it stands, and how it could impact advisors.

Topics: Advocacy
2 min read

NAIFA’s Virtual Congressional Conference to Be May 25-26

By NAIFA on 3/26/21 3:29 PM

NAIFA’s Congressional Congress, May 25-26, will be a virtual event featuring targeted advocacy training with briefings on legislative issues that affect members’ businesses, best practices for conducting congressional meetings, and tips for developing impactful long-term relationships with legislators.

Topics: Advocacy NAIFA Events
1 min read

Senate Extends the PPP Loan Application Until May 31st

By NAIFA on 3/25/21 6:49 PM

On March 25, the Senate passed 92-7 legislation to extend the deadline for Paycheck Protection Program (PPP) loan applications to May 31. The program has issued 7.5 million loans totaling $687 billion to small businesses during the last year, according to the Small Business Administration (SBA). The bill would also allow the agency an extra month to process applications after the program closes.

Topics: Advocacy
1 min read

NAIFA Advocacy Briefing: The Latest on the PRO Act

By NAIFA on 3/21/21 5:03 PM

Tuesday, March 23, at 11 am eastern

Topics: Advocacy Legislative & Regulatory
1 min read

NAIFA's Hedge Explains Potential Impacts of the PRO Act

By NAIFA on 3/18/21 8:45 AM

NAIFA Director of Government Relations Mike Hedge recently spoke with David Duford of Duford Insurance Group about the potential implications of the PRO Act for insurance and financial professionals. Hedge discusses how the PRO Act could disrupt the business relationships between producers and companies and harm the ability of agents and advisors to serve consumers. He also talks about the work NAIFA is doing to head off provisions of the PRO Act that would “revolutionize the industry for the wrong reasons.” The interview is featured on Duford’s popular YouTube channel.

Topics: Advocacy Legislative & Regulatory
2 min read

As the House Passes the PRO Act, NAIFA Continues to Work for Changes

By NAIFA on 3/9/21 1:52 PM

The House of Representatives passed the Protecting the Right to Organize (PRO) Act (H.R. 842), a sweeping piece of labor legislation. Among its provisions, the PRO Act as passed by the House would reclassify many insurance and financial professionals as “employees” rather than “independent contractors” under federal labor law. NAIFA argues that such a reclassification will disrupt insurance and financial services business models and limit consumer access to diverse offerings of products, services, and advice.

Topics: Advocacy Legislative & Regulatory Press Release
1 min read

NAIFA CEO Kevin Mayeux Signs Letter Seeking PRO Act Changes

By NAIFA on 3/4/21 4:12 PM

NAIFA CEO Kevin Mayeux and the CEOs of 13 other insurance and financial services trade associations sent a letter to House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy urging Congress to address concerns with the Protecting the Right to Organize (PRO) Act (H.R. 842).

Topics: Advocacy Press Release
1 min read

Worker Classification Under Scrutiny

By NAIFA Government Relations Team on 2/25/21 12:41 PM

The U.S. House of Representatives is currently considering introduction of the Protecting the Right to Organize Act (PRO Act) along mostly party lines, likely in April 2021. This wide-reaching bill seeks to reform current labor law in a variety of areas. Impacting the insurance industry, the bill amends the National Labor Relations Act (29 U.S.C. 152(3)) by adding language that expands the definition of “independent contractor” by adopting an “ABC” test to define who is an “employee.”

Topics: Advocacy

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