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Biden prepares sweeping order on climate-related risks

Biden prepares sweeping order on climate-related risks In a draft executive order, President Joe Biden reaches into all corners of the federal government with plans that would touch every sector. The Biden administration is assembling the plan ahead of a major international climate summit the president plans to host April 22-23. | Andrew Harnik-Pool/Getty Images Link Copied President Joe Biden is preparing to instruct federal agencies to take sweeping action to combat climate-related financial risks to government and the economy, including moves that could impose new regulations on businesses. In a draft executive order obtained by POLITICO, Biden reaches into all corners of the federal government with plans that would touch every sector of American industry, including banking and insurance, oil and gas, housing, agriculture, and federal contracting, purchasing and lending.

Texas Professional Insurance Agents Supports Legislation to Repeal the Federal Insurance Office

Texas Professional Insurance Agents Supports Legislation to Repeal the Federal Insurance Office News provided by Share this article Share this article DALLAS, March 5, 2021 /PRNewswire/  The Texas Professional Insurance Agents (Texas PIA) supports S. 524, the Federal Insurance Office Abolishment Act, introduced in the U.S. Senate by Senator Ted Cruz (R-TX). Since the Federal Insurance Office was created in 2010, it has continuously tried to increase its duties and expand the role of the federal government in insurance. Simply put, its very existence is a threat to the successful state insurance regulatory system. The Texas PIA firmly believes the insurance industry must throw its weight behind repealing the Federal Insurance Office once and for all, said David Gorman, President of the Texas PIA and Texas National Director for PIA National.

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