Bill that Could Classify Agents as Employees Faces Opposition
NAIFA is seeking to add an exemption for insurance and financial professionals to the PRO Act.
On March 9, the U.S. House passed the “Protecting the Right to Organize Act” bill with a 225-206 vote that could classify many insurance agents and brokers as employees rather than independent contractors.
As the bill now heads to the Senate, the National Association of Insurance and Financial Advisors (NAIFA) is asking members to help it lobby to add an exemption for financial professionals to the House bill and a Senate PRO Act companion bill.
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