An important tax deduction for many individual- and family-owned businesses – Section 199A of the Tax Cuts and Jobs Act – is set to expire in just two years. NAIFA strongly supports legislation sponsored by Senator Steve Daines (R-MT) that would make permanent the 20% deduction for pass-through businesses.
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NAIFA Supports Tax Certainty for Main Street
By NAIFA on 5/18/23 4:40 PM
Topics: Small Business Taxes Federal Advocacy Supported Legislation
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Federal Law Would Bolster Advisors’ Ability to Protect Senior Clients From Financial Fraud
By NAIFA on 5/16/23 12:00 PM
NAIFA strongly supports efforts to prevent the financial exploitation of seniors and vulnerable adults. As trusted and licensed insurance and financial professionals who abide by a Code of Ethics and work in the best interests of their clients, NAIFA members are often ideally positioned to recognize and help prevent financial abuse and exploitation.
Topics: Federal Advocacy Supported Legislation Senior Financial Protection
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SECURE Notarization Bill Introduced in Senate Would Benefit Consumers and Advisors
By Mike Hedge on 4/21/23 9:15 AM
On April 19, U.S. Senators Kevin Cramer (R-ND) and Mark Warner (D-VA) reintroduced the NAIFA-supported Securing and Enabling Commerce Using Remote and Electronic Notarization Act. This bipartisan bill would permit the nationwide use of Remote Online Notarizations (RONs), enabling notaries and signers to complete the process from different physical locations.
Topics: Federal Advocacy Supported Legislation Remote Notarization
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Tennessee Adopts Legislation to Expand Producer Recruitment
By Bianca Alonso Weiss on 3/28/23 8:27 AM
Tennessee Governor Bill Lee signed SB 1369 into law on March 21, 2023, making Tennessee the 24th state to eliminate producer pre-licensing mandates. NAIFA-Tennessee applauds and thanks bill sponsors Senator Steve Southerland and Senator Ken Yager for carrying the legislation. NAIFA-Tennessee worked hard on the ground to educate lawmakers on the positive change this will be for increasing producer recruitment.
Topics: State Advocacy Licensing Supported Legislation Tennessee
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Idaho Adopts High School Financial Literacy Education Requirement
By NAIFA on 3/23/23 2:27 PM
NAIFA is celebrating a major legislative win out of Idaho. On March 20, 2023, Idaho Governor Brad Little signed H. 92 into law, making Idaho the 18th state to adopt financial literacy coursework as a requirement for high school graduation. The bill passed the Idaho House of Representatives 67-0-3 and the Idaho Senate 34-0-1.
Topics: State Advocacy Financial Literacy Idaho Supported Legislation
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House Passes SECURE Notarization Act of 2023
By Mike Hedge on 3/2/23 1:15 PM
On February 27, the U.S. House of Representatives passed the NAIFA supported SECURE Notarization Act of 2023 by a voice vote. The bipartisan legislation was introduced earlier this month by U.S. Reps. Kelly Armstrong (R-N.D.) and Madeleine Dean (D-Pa.).
Topics: Legislation & Regulations Federal Advocacy Supported Legislation
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NAIFA Joins with Joint-Trades Coalition to Weigh in on Data Privacy Bill
By Mike Hedge on 3/1/23 5:07 PM
NAIFA joined in a letter of support to the House Financial Services Committee for efforts in introducing the Data Privacy Act of 2023. The Data Privacy Act would modernize the Gramm-Leach-Bliley Act (GLBA), a working data privacy framework for insurance consistent with consumer expectations.
Topics: Federal Advocacy Supported Legislation Data Security
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NAIFA Supports Legislation to Address Financial Exploitation of Seniors
By Mike Hedge on 1/31/23 4:14 PM
The U.S. House of Representatives passed H.R.500, the Financial Exploitation Prevention Act of 2023, by a bipartisan vote of 419-0 on January 30. H.R. 500 was introduced by Rep. Ann Wagner, (R-MO), Chairwoman of the House Financial Services subcommittee on Capital Markets.
Topics: Legislation & Regulations Federal Advocacy Congress Supported Legislation Senior Financial Protection
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House Passes Remote Notarization Legislation
By Michael Hedge, NAIFA's Director of Government Relations on 7/27/22 12:00 PM
On July 27, the House of Representatives passed H.R.3962 the Securing and Enabling Commerce Using Remote and Electronic Notarization Act (the SECURE Notarization Act). The bill authorizes a notary public to notarize electronic records related to interstate commerce remotely, subject to specified procedures.
Topics: Federal Advocacy Congress Supported Legislation Remote Notarization Producer Sales & Marketing
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SECURE 2.0 Takes Next Step Toward Enactment
By NAIFA on 6/21/22 3:42 PM
NAIFA and other interested parties sent a letter of appreciation to the Senate Finance Committee Chairman Wyden (D-OR) and Ranking Member Mike Crapo (R-ID) for their leadership in releasing the Enhancing American Retirement Now (EARN) Act, which would enhance retirement security for many Americans.