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1 min read

NAIFA Member's Client Illustrates the Importance of Choices for Investors

By NAIFA on 2/28/22 5:38 PM

NAIFA has partnered with the American Council of Life Insurers (ACLI) and other organizations to encourage states to adopt consumer-protection legislation or regulations based on a model created by the National Association of Insurance Commissioners (NAIC), which requires advisors to work in their client's best interests on annuity transactions. NAIFA also supports the Securities and Exchange Commission's Regulation Best Interest

Topics: Federal Advocacy
1 min read

NAIFA Urges the Administration to Move Forward with NARAB Nominations

By NAIFA on 2/18/22 12:25 PM

On February 17, 2022, NAIFA joined with coalition members to send a letter to Steve Richetti, Counselor to President Biden, offering the support of the insurance agent and broker community for the administration to nominate members of the Board of Directors to establish the National Association of Registered Agents and Brokers Reform Act (NARAB).

Topics: NARAB Federal Advocacy
1 min read

New Report Counters Questions About the SEC's Reg BI

By NAIFA on 2/11/22 9:12 AM

NAIFA strongly supports consumer protections provided by the Securities and Exchange Commission’s (SEC’s) Regulation Best Interest and the National Association of Insurance Commissioners’ (NAIC’s) revised annuity model regulation (adopted by 19 states and counting). Both of these provisions require financial professionals to work in their clients’ best interests and preserve the ability of consumers to choose who they work with and how they compensate advisors. Reg BI and the NAIC model also avoid problems with other proposals that would have made it very difficult for producers to continue working with Main Street investors.

Topics: Standard of Care Federal Advocacy
1 min read

NAIFA Supports Bipartisan Legislation to Protect Senior Investors

By NAIFA on 1/21/22 9:31 AM

U.S. Senators Chris Van Hollen (D-Md.), Tim Scott (R-S.C.), Raphael Warnock (D-Ga.), and Cynthia Lummis (R-Wyo.) introduced the Empowering States to Protect Seniors from Bad Actors Act, a bipartisan bill that would create a Securities and Exchange Commission program to work with state regulators to protect senior investors.

Topics: Legislative & Regulatory Seniors Federal Advocacy
1 min read

Senate Report Quotes NAIFA to Highlight Retirees' Need for Financial Services

By NAIFA on 1/14/22 5:34 PM

A new report by the U.S. Senate Special Committee on Aging prominently features comments submitted by NAIFA that highlight the important ongoing role advisors play in retirement planning.

Topics: Limited & Extended Care Planning Center Federal Advocacy
2 min read

NAIFA’s Congressional Conference, the Premier Federal Grassroots Advocacy Event for Financial Services Professionals, to Be May 23-24

By NAIFA on 1/7/22 2:45 PM

NAIFA has announced that it will hold its 2022 Congressional Congress in-person May 23-24 in Washington, D.C. The event will feature targeted advocacy training with briefings on legislative issues that affect members’ businesses and the clients they serve. Expert presenters will offer best practices for conducting Congressional meetings and tips for developing impactful long-term relationships with legislators.

Topics: Federal Advocacy
2 min read

Congress Passes an Infrastructure Bill, but Debate Continues Over BBB Social Spending Legislation

By NAIFA on 11/8/21 4:15 PM

The House of Representatives passed the bipartisan infrastructure bill by a vote of 228-206 with 13 Republicans voting in favor and six Democrats opposing. The vote came after an agreement amongst Democrats that the social spending bill, the Build Back Better Act, would come to the House floor the week of November 15 with no further changes (other than technical corrections). Then the BBB legislation would go to the Senate, where is will likely undergo several changes before coming back to the House for a second vote. 

Topics: Tax Federal Advocacy
1 min read

NAIFA Opposes Tax Increases for Main Street Businesses in Build Back Better Act

By NAIFA on 11/3/21 4:53 PM

NAIFA calls on Congress to reject tax hikes on Main Street businesses as the House of Representative sends the latest text of the Build Back Better Act to the Rules Committee. In a letter with other associations and business groups, NAIFA urges congressional leaders to reject the Build Back Better framework's tax increases on individual- and family-owned businesses.

Topics: Legislative & Regulatory Tax Federal Advocacy
4 min read

Build Back Better at a Boiling Point

By NAIFA on 11/1/21 1:37 PM

The Build Back Better reconciliation bill is at a boiling point. Some Washington insiders are saying the House could vote on it this week. Others are skeptical that a final bill could come together that quickly. Either way, it will take considerably longer for the Senate to vote. The rules of reconciliation allow for time-eating “vote-a-rama” amendments as well as up to 50 hours of debate, and it is highly likely opponents of the measure in the Senate will take all that time. But things are hot and getting hotter. Here’s the state of play currently.

Topics: Legislative & Regulatory Tax Federal Advocacy
1 min read

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.

Topics: Financial Literacy Federal Advocacy

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