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NAIFA-NYS has filed a legal challenge to invalidate Regulation 187.
Click HERE to read key documents associated with the case, including our court filing and the Attorney General’s response.
(NAIFA-NYS Members Only)
New York’s Fiscal Year 2020 Budget
The Governor has signed a state budget for the 2020 fiscal year that builds, he says, on his “Justice Agenda”, achieving progressive reforms while fighting back against federal “threats”. The budget makes Affordable Care Act (ACA) requirements permanent in New York, bans single-use plastic bags, make the property tax cap permanent, establishes “congestion pricing” in downtown Manhattan, makes various criminal justice reforms, and many other things. Highlights from the Governor’s office are available HERE. To read the budget documents themselves, click HERE.
Governor Unveils “Justice Agenda” for 2019 Session
Governor Cuomo has announced a 20-point progressive agenda for the first 100 days of the legislative session, preempting his own State of the State address in order, he said, to give the legislature maximum time to consider his proposals. He asserted that his “Justice Agenda”, as he calls it, would make New York independent from federal initiatives and represented a 21st-century New Deal, akin to the reforms of F.D.R. Cuomo’s wish list addresses tax, healthcare, immigration, education, infrastructure, climate change, gun control, and other items, as well as legalized marijuana. Details are available HERE.
NEWS ALERTS
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House Committee Passes the SECURE Act Retirement Bill
In what is, these days, a remarkable show of bipartisanship, the U.S. House Ways & Means Committee approved - unanimously - on April 2 a bill that would expand options for retirement savings. The Setting [...]
House Panel Holds Hearing on the SEC’s Regulation Best Interest Proposal
Members of the U.S. House Committee on Financial Services, under its newly emboldened Democratic leadership, held a March 14 hearing that looked dubiously at the SEC’s proposed Regulation Best Interest. What prompted the hearing is [...]
NAIFA Weighs in on NAIC “Enhanced Suitability” Draft Regulation
In a February 15 comment letter to state insurance regulators at the National Association of Insurance Commissioners (NAIC), NAIFA joined with the AALU, the Financial Services Institute (FSI), and other groups to endorse a "best [...]
MEMBER NEWS
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SAVE THE DATE – “Virtual” Day on the Hill
On a single day - Thursday, May 9 - NAIFA-NYS members from across New York will visit their legislators in their district offices, a "Virtual" Day on the Hill that means members don't need to [...]
Legislative Breakfast Comes to Rochester
Venturing out on a cold Western NY morning, members of our Rochester affiliate met on January 25 for their 2019 legislative breakfast. Area lawmakers and staff were there - and had plenty to say [...]
Chautauqua Legislative Lunch Is Focused and Friendly
Our Chautauqua affiliate may be small in number, but it has a big-time commitment to NAIFA-NYS and its advocacy. The Chautauqua legislative luncheon on January 24 was an ideal forum to discuss NAIFA-NYS' legislative [...]