The Senate today approved a procedural bill allowing Senate Democrats to raise the debt limit by a simple majority on a one-time basis, clearing the path for an actual debt ceiling increase by next week at the latest. After several weeks of meetings between Senate Majority Leader Chuck Schumer (D-NY) and Senate Minority Leader Mitch… Read more »

The ASAE Public Policy team is close to its submission goal for its insurance research survey, which will be used to build support for pandemic risk insurance legislation. The deadline to complete the survey is Monday, Dec. 6. Congresswoman Carolyn Maloney (D-N.Y.) reintroduced the Pandemic Risk Insurance Act (PRIA) to establish a federal backstop for… Read more »

Treasury Secretary Janet Yellen warned Congress again this week that failure to raise the debt ceiling would “eviscerate” U.S. economic recovery. While Senate leaders continue to have closed-door discussions about the debt limit, Congress has until Dec. 15 before the Treasury Department runs out of resources to manage the borrowing authority of the U.S. government…. Read more »

The House is likely to vote on a stopgap spending measure today with government funding set to expire tomorrow, Friday. This morning, a deal was struck between Democrats and Republicans to continue government funding at current levels until February 18. Democrats wanted a continuing resolution to fund the government until Jan. 28. Also included is… Read more »

There is still time to complete ASAE’s survey to build support for pandemic risk insurance legislation! Earlier this month, Congresswoman Carolyn Maloney (D-N.Y.) reintroduced the Pandemic Risk Insurance Act (PRIA) to establish a federal backstop for financial losses due to a future pandemic or public health emergency. This is an important step to help protect… Read more »

With government funding due to expire Dec. 3, House Democrats are leaning toward passing another short-term spending patch that would push a shutdown threat deeper into December Congressional appropriators have been trying to reach consensus over the dozen annual bills that dictate federal spending but are nowhere near a deal, meaning another stopgap spending bill… Read more »

Senate Majority Leader Chuck Schumer (D-NY) and Senate Minority Leader Mitch McConnell (R-KY) met yesterday to discuss plans to address the looming debt limit. The debt ceiling has become a politically volatile issue as Republicans blocked initial efforts to raise the debt limit through 2022 and have insisted that Democrats should own their own spending… Read more »

The House began debate today on the $1.75 trillion Build Back Better Act, with a vote on the package likely tonight or tomorrow. The timing of the vote depends on the Congressional Budget Office’s (CBO) release of the remaining pieces of its cost analysis. Moderate House Democrats have communicated to Speaker Nancy Pelosi (D-CA) that… Read more »

As reported in last week’s Inroads, Congresswoman Carolyn Maloney (D-N.Y.) reintroduced the Pandemic Risk Insurance Act (PRIA) to establish a federal backstop for financial losses due to a future pandemic or public health emergency. This is an important step to help protect our community and promote its ability to host events critical to our constituents,… Read more »