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Advocacy in action blog

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NAIFA Advises NLRB on Proposed Joint-Employer Rule

By Michael Hedge, NAIFA's Director of Government Relations on 12/7/22 1:45 PM

On December 5, 2022, NAIFA filed comments on the National Labor Relations Board’s (NLRB) proposed rule that would expand the joint-employer definition under the National Labor Relations Act. The rule would extend liability to employers that have indirect and reserved control over one or more employees’ essential terms and conditions of employment.

Topics: Advocacy Legislation & Regulations Federal Advocacy Opposed Legislation
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NAIFA Opposes Changes to Grantor Trusts in Legislative Proposal

By NAIFA on 10/17/21 9:15 PM

The reconciliation package now being considered by Congress includes dramatic changes to grantor trusts which are of significant concern to many NAIFA members and their clients, especially proposed changes to Irrevocable Life Insurance Trusts and the weak, ineffective “grandfather” provisions included in the reconciliation proposal. ILITs have been used for decades to help families of all sizes – not just the rich – address the expenses, income taxes, estate taxes, and gift taxes due at death. Life insurance policies inside these trusts provide the necessary liquidity to family heirs without the death proceeds themselves being included in the deceased’s taxable estate.

Topics: Retirement Planning Federal Advocacy Congress Opposed Legislation Tax Reform
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: Federal Advocacy PRO Act Congress Insurance & Financial Advisor Regulation Opposed Legislation Producer Employment
1 min read

NAIFA Opposes Bill that Could Weaken State Regulation of Insurance

By NAIFA on 10/1/20 8:28 AM

On Sept 21, the U.S. House of Representatives passed H.R. 1418, the Competitive Health Insurance Reform Act of 2020. The bill repeals specific parts of the McCarran-Ferguson Act that exempt insurance businesses from most federal regulation.

Topics: Federal Advocacy Congress Opposed Legislation State Insurance Regulation

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