NAIFA has joined more than 100 organizations expressing privacy and cost concerns with a Biden administration proposal that would require financial services providers to track and submit to the IRS information on every account with deposits or withdrawals totaling $600 or more annually.
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NAIFA Opposes IRS Reporting Proposal That Raises Cost and Privacy Concerns
Topics: Federal Advocacy IRS Privacy Data Security
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SEC Chair Gensler Says He Is Committed to Reg BI
NAIFA strongly supports the Securities and Exchange Commission’s (SEC's) Regulation Best Interest (REG BI) to protect investors and preserve the ability of financial advisors to serve the needs of Main Street USA consumers. The rule is in harmony with the National Association of Insurance Commissioners’ (NAIC's) revised Annuity Suitability Model, which requires producers to work in the best interests of consumers during annuity transactions, providing enhanced investor protections at the federal and state levels and discouraging a mishmash of confusing and potentially contradictory laws and regulations.
Topics: Standard of Care & Consumer Protection SEC Federal Advocacy Insurance & Financial Advisor Regulation Regulation Best Interest
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Representatives Introduce Legislation to Ease the ACA's Employer Reporting Requirements
On September 21, 2021, Reps. Mike Thompson (D-CA) and Adrian Smith (R-NE) introduced H.R. 5318. This bipartisan bill will provide much-needed relief for employers seeking to comply with the reporting requirements under Section 6055 and 6056 for enforcement of the ACA's individual and employer mandates. NAIFA believes the passage of this legislation would greatly assist in addressing new challenges employers face under the health-reform law.
Topics: Health Care Affordable Care Act Federal Advocacy Congress
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NAIFA Continues Support of Remote Online Notarization Legislation
NAIFA joined with industry partners in a letter to express strong support for National Defense Authorization Act (NDAA) amendment #445 offered by Representative Dean (D-PA), with the support of Representatives Armstrong (R-ND), Turner (R-OH), Perlmutter (D-CO), and Reschenthaler (R-PA).
Topics: Federal Advocacy Congress Supported Legislation Remote Notarization Producer Sales & Marketing
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NAIFA Joins Main Street Employers Urging Congress to Reconsider Tax Proposals
In advance of the Ways and Means Committee mark-up, NAIFA signed a letter with more than 100 other organizations representing Main Street employers asking Congress to reject proposed tax increases that would harm these businesses and the consumers they serve.
Topics: Retirement Planning Federal Advocacy Congress Tax Reform
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NAIFA Supports Employee Voter Registration Week
NAIFA has signed on as an official partner for Employee Voter Registration Week, which will take place from September 27 to October 1. During this week, NAIFA along with other companies and trade associations will be active on social media encouraging stakeholders and employees across the country to get registered to vote in the upcoming elections.
Topics: State Advocacy Federal Advocacy Grassroots
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CMS Plan Year 2022 Registration and Training is Live for Returning Agents and Brokers
Today, the Centers for Medicare and Medicaid Services (CMS) announced that registration and training for Plan Year 2022 is now available for returning agents/brokers who completed training and registration for Plan Year 2021. Registration and full training for new agents and brokers will be made available later this year.
Topics: Federal Advocacy CMS Insurance & Financial Advisor Regulation Producer Sales & Marketing
Take the 2021 NAIFA Workforce Survey
NAIFA members are our association's advocacy strength. We are influential with lawmakers at state and federal levels because we have members from every congressional district in the United States who serve Main Street Americans. Policymakers want to hear NAIFA members' stories and respect our expertise because we represent the communities, families, and small businesses important to elected officials.
Topics: Federal Advocacy Insurance & Financial Advisor Regulation Producer Employment
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NAIFA-WI Builds Advocacy Momentum With In-District Events
Politically active members of NAIFA's Wisconsin chapter have maintained NAIFA's grassroots advocacy push throughout June, July, and August. According to NAIFA Senior Vice President for Government Relations Diane Boyle, NAIFA-WI leads all NAIFA's state chapters in in-district meetings with lawmakers and their staff this summer.
Topics: Wisconsin Federal Advocacy Grassroots
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NAIFA Advocacy Goes to the District Level During Congressional Break
Congress is out of session for its annual August recess, which means that NAIFA members across the country are taking advantage of the opportunity to meet hold in-district meetings with lawmakers and their staff. NAIFA is the leading grassroots organization for insurance and financial professionals with members in every congressional district. Every year, NAIFA encourages members to meet with their Representatives and Senators during the August recess to reinforce the advocacy message shared at NAIFA’s May Congressional Conference.
