10 broker-friendly House members
November 17, 2015 11:23 AM
Overview:
The year 2016 promises to be a busy one in Washington, D.C., with several bills pending that could impact brokers and their employer clients. In alphabetical order, here are 10 broker-friendly members of the U.S. House of Representatives who have sponsored/cosponsored important legislation, belong to congressional caucuses that support the industry, and/or have personal experience with the industry, including serving as a benefit adviser.
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Rep. Mike Bost (R-IL)
Bost, a business owner himself, is an advocate for small business and serves on the House Small Business Committee, including the Subcommittee on Health and Technology and Subcommittee on Investigations, Oversight and Regulations.
He is a co-sponsor of HR. 30 the Save American Workers Act of 2015, which would amend the Internal Revenue Code to change the definition of "full-time employee" for purposes of the employer mandate to provide minimum essential health care coverage under the Affordable Care Act from an employee who is employed on average at least 30 hours of service a week to an employee who is employed on average at least 40 hours of service a week.
Bost also received the Champion of Healthcare Innovation award from the Healthcare Leadership Council for his on-going support of patient-centered medical progress.
For more on the Save American Workers Act:"Republicans revive attempt to repeal ACAs burdensome employer mandate."
He is a co-sponsor of HR. 30 the Save American Workers Act of 2015, which would amend the Internal Revenue Code to change the definition of "full-time employee" for purposes of the employer mandate to provide minimum essential health care coverage under the Affordable Care Act from an employee who is employed on average at least 30 hours of service a week to an employee who is employed on average at least 40 hours of service a week.
Bost also received the Champion of Healthcare Innovation award from the Healthcare Leadership Council for his on-going support of patient-centered medical progress.
For more on the Save American Workers Act:
Rep. Tony Cardenas (D-CA)
Cardenas is one of nine House Democrats who, in September, sent a letter to the Department of Labor requesting improvements to the proposed fiduciary rule.
In order to have a successfully implemented rule, it is vital that the proposal doesn't limit consumer choice and access to advice, have a disproportionate impact on lower- or middle-income communities, or raise the costs of saving for retirement, the letter states.
Cardenas is a member of the Health Subcommittee of the House Energy and Commerce Committee and the House Financial Security and Life Insurance Caucus and Small Business Caucus. He also routinely hosts educational events to help his constituents better understand their health insurance options.
For more on House opposition to the DOL fiduciary rule:"House members challenge DOL fiduciary efforts."
In order to have a successfully implemented rule, it is vital that the proposal doesn't limit consumer choice and access to advice, have a disproportionate impact on lower- or middle-income communities, or raise the costs of saving for retirement, the letter states.
Cardenas is a member of the Health Subcommittee of the House Energy and Commerce Committee and the House Financial Security and Life Insurance Caucus and Small Business Caucus. He also routinely hosts educational events to help his constituents better understand their health insurance options.
For more on House opposition to the DOL fiduciary rule:
Rep. Kay Granger (R-TX)
In 1978, Granger opened and successfully operated her own insurance agency before becoming involved in politics. She is a co-sponsor of the Access to Professional Health Insurance Advisors Act of 2015 and has also authored legislation to provide individuals with tax credits that can be used toward the purchase of health insurance.
She has been elected to the Fort Worth Business Hall of Fame. Additional honors she has received include the National Federation of Independent Business Champion of Small Business Award.
For more on the Access to Professional Advisors Act of 2015:"House revives efforts to separate agent compensation from mlr."
She has been elected to the Fort Worth Business Hall of Fame. Additional honors she has received include the National Federation of Independent Business Champion of Small Business Award.
For more on the Access to Professional Advisors Act of 2015:
Rep. Randy Hultgren (R-IL)
Hultgren served on the Financial Institutions Committees in the Illinois House and Senate and is credentialed in FINRA Series 7, 6 and 63. He later became a vice president at Performance Trust Investment Advisors in Chicago. He is a co-sponsor of the Policyholder Protection Act of 2015.
The Healthcare Leadership Council earlier this year named Hultgren a Champion of Healthcare Innovation.
The Healthcare Leadership Council earlier this year named Hultgren a Champion of Healthcare Innovation.
Rep. Billy Long (R-MO)
Long sponsored H.R. 815, the Access to Professional Health Insurance Advisors Act of 2015, which amends the Public Health Service Act to exclude broker compensation from the medical-loss ratio of a health insurance plan.
Hes championed the repeal of several provisions of the ACA of concern to advisers and their employer clients. A small business owner himself, Long received the Guardian of Small Business award from National Federation of Independent Business (NFIB) in recognition of his support for Americas small business owners in the 112th Congress and the Spirit of Enterprise Award from the U.S. Chamber of Commerce.
He is a member of the House Energy and Commerce Committee and serves on the Health Subcommittee.
For more on the Access to Professional Advisors Act of 2015:"House revives efforts to separate agent compensation from mlr."
Hes championed the repeal of several provisions of the ACA of concern to advisers and their employer clients. A small business owner himself, Long received the Guardian of Small Business award from National Federation of Independent Business (NFIB) in recognition of his support for Americas small business owners in the 112th Congress and the Spirit of Enterprise Award from the U.S. Chamber of Commerce.
He is a member of the House Energy and Commerce Committee and serves on the Health Subcommittee.
For more on the Access to Professional Advisors Act of 2015:
Rep. Tom MacArthur (R-NJ)
MacArthur began his career as an insurance adjuster in New York City and spent 28-years of his career in the insurance industry, finally serving as chairman and CEO of York Risk Services Group Inc. (1999-2010).
He is a co-sponsor of the Access to Professional Health Insurance Advisors Act of 2015.
He is a co-sponsor of the Access to Professional Health Insurance Advisors Act of 2015.
Rep. Richie Neal (D-MA)
Neal has been a lead sponsor of legislation to prevent American companies from moving offshore to avoid paying U.S. taxes. He has also sponsored legislation that would increase the national savings rate by encouraging the use of individual retirement accounts, and has worked to make health care and tuition expenses tax deductible for middle class people.
Neal is a senior member of the tax-writing Ways and Means Committee and the Ranking Member of the Subcommittee on Select Revenue Measures. He also serves on the Ways and Means Subcommittee on Trade.
Neal is also one of the nine House Democrats who, in September, sent a letter to the DOL requesting improvements to the proposed fiduciary rule.
Neal is a senior member of the tax-writing Ways and Means Committee and the Ranking Member of the Subcommittee on Select Revenue Measures. He also serves on the Ways and Means Subcommittee on Trade.
Neal is also one of the nine House Democrats who, in September, sent a letter to the DOL requesting improvements to the proposed fiduciary rule.
Rep. Austin Scott (R-GA)
Scott, who graduated from the University of Georgia with a B.B.A. in Risk Management and Insurance, owned and operated an insurance brokerage firm for nearly 20 years. He has his Series 7, CLU, CHFC, RHU and REBC and, until his election to Congress, he had been a long-time member of NAIFA.
In June Scott Congressman Austin Scott introduced The American
Health Care Reform Act (AHCRA), to repeal the ACA. He is also a co-sponsor of the Access to Professional Health Insurance Advisors Act of 2015.
In June Scott Congressman Austin Scott introduced The American
Health Care Reform Act (AHCRA), to repeal the ACA. He is also a co-sponsor of the Access to Professional Health Insurance Advisors Act of 2015.
Rep. David Scott (D-GA)
As a graduate of the Wharton School of Finance, a small business owner, and a member of the House Financial Services Committee, Scott says he understands the vital role small businesses play in our economy. He says he will continue to advocate for improving access to capital for small business owners, providing affordable health care coverage to small businesses and creating educational opportunities for students interested in business.
He is also a co-sponsor of the Access to Professional Health Insurance Advisors Act of 2015
He is also a co-sponsor of the Access to Professional Health Insurance Advisors Act of 2015
Rep. Mark Takai (D-HI)
Takai is a member of the House Committee on Small Business, including the Subcommittee on Agriculture, Energy and Trade and the Subcommittee on Contracting and Workforce.
He is also a co-sponsor of the Access to Professional Health Insurance Advisors Act of 2015.
He is also a co-sponsor of the Access to Professional Health Insurance Advisors Act of 2015.
