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July 2017 Newsletter 7/1/2017

Whitney B. Craig - RIMS Government Relations Director

Healthcare Reform Fails to Pass

U.S. Senators are now considering a bipartisan approach to health care reform after two failed attempts to pass legislation in the Senate before Senators began their annual August recess. Senator Lamar Alexander, R-Tennessee, said the Senate health committee will hold bipartisan health care hearings on how to repair the individual market in September. In the House, a group of 40 lawmakers known as the “Problem Solvers Caucus” from both parties endorsed an outline of ideas aimed at making urgent fixes to Obamacare.


Congress Fails to Pass Flood Insurance Bill before August Recess

After strong lobbying from RIMS and other stakeholders urging congress to reauthorize the National Flood Insurance Program (NFIP). Currently there are six bills in the House and three bills in the Senate that will need to pass in order to reauthorize the program before the September 30th deadline. RIMS will continue to advocate during August recess to help to get these bills passed by September.


Paul Ryan Drops Border-Adjusted Tax Proposal

Republican leaders said on July 27th that the proposed border-adjusted tax will not be a part of negotiations on how to overhaul the U.S. tax code. The “Big Six” Republican leaders, which includes which includes House Speaker Paul Ryan, Ways and Means Chairman Kevin Brady, White House economic adviser Gary Cohn, Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell and Senate Finance Committee Chairman Orrin Hatch, said due to the unknowns associated with the border-adjusted tax, the group “had decided to set this policy aside in order to advance tax reform.”



CLAIM Act Introduced in House

In July, U.S. Representatives David Kustoff (R-TN) and Bill Foster (IL-11), introduced H.R. 3363, the Claims Licensing Advancement for Interstate Matters Act (CLAIM Act). The legislation aims to eliminate the current inconsistencies within the claims industry by requiring states to adopt uniform and reciprocal licensing laws for independent claims adjusters. Currently, 34 states require independent adjusters to hold operational claims licenses, however there are numerous inconsistencies within state requirements which expose all adjusters to licensing and regulatory barriers when working across state lines. RIMS supported a similar bill in 2013 and will support this legislation as well. ​ 

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About RIMS

As the preeminent organization dedicated to educating, engaging and advocating for the global risk community, RIMS, the risk management society™, is a not-for-profit organization representing more than 3,500 corporate, industrial, service, nonprofit, charitable and government entities throughout the world. RIMS has a membership of approximately 11,000 risk practitioners who are located in more than 60 countries. For more information about the Society’s world-leading risk management content, networking, professional development and certification opportunities, visit

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