Rep. McCollum Supports Disaster Tax Relief, Airport, Airway Extension Act - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 5, 2017 Newswires
Share
Share
Post
Email

Rep. McCollum Supports Disaster Tax Relief, Airport, Airway Extension Act

Targeted News Service

WASHINGTON, Oct. 5 -- Rep. Betty McCollum, D-Minn., issued the following speech, which was published in the Congressional Record on Oct. 3, supporting the Disaster Tax Relief and Airport and Airway Extension Act:

Mr. Speaker, I fully support a long-term extension of FAA authority, and I am very concerned that the expiration on September 30th will have serious consequences for our air safety and economy. Congress owes the American people a bill that will provide stability for our air traffic controllers and keep our skies safe. So I am extremely disappointed that the Republican leadership has decided to attach a number of controversial and partisan policy provisions that are not germane to air travel and for that reason, I cannot support the bill in its original form.

For example, this legislation contains provisions that relate to hurricane disaster relief and the National Flood Insurance Program (NFIP). Unfortunately, this bill does not extend reauthorization, increase borrowing authority, or address the overall stability of the NFIP. Instead, Republicans have decided to use this legislation as a vehicle to develop the private flood insurance market. Furthermore, the provisions providing tax relief to hurricane victims are woefully inadequate in assisting our fellow Americans in Puerto Rico and the U.S. Virgin Islands.

Additionally, while this bill extends authority for a number of health care programs, Republicans have decided to disregard essential bipartisan priorities like the Child Health Insurance Program (CHIP) and Community Health Centers. These programs require immediate reauthorization, and failure to do so will leave states like Minnesota without money to provide healthcare for babies, children, and expecting mothers. Community health centers across the country will lose the support they need to provide basic healthcare. Some will even be forced to close. The bill also fails to address the urgent need to reauthorize the Special Diabetes Program. While a short-term extension is included for the Special Diabetes Program for Indians, the funding is inadequate.

Mr. Speaker, these are all important issues, and deserve immediate Congressional action, but the only way to solve them is with bipartisan solutions. Half measures and political games will only waste more time, and Democrats stand ready to work with our Republican colleagues to address each of these issues in a more thoughtful way.

The Republican leadership has had nine months to work out a bipartisan, long-term solution for FAA Reauthorization. Instead of working with Democrats to pass a customary multi-year reauthorization, the Republican leadership waited until the last minute to push forward only a six month patch. Republicans then wasted more time by including a number of unrelated and partisan provisions that had nothing to do with FAA Reauthorization. Their decision to include a provision that would have effectively dismantled the National Flood Insurance Program (NFIP) ensured that the previous version of this bill would never pass the Senate.

We owe the American public and our air traffic controllers better. Playing political games with something as important as airline safety is unacceptable. Failure to reauthorize FAA authority would leave our air traffic controllers and the travelling public at great risk. Not only would a lapse in reauthorization mean furloughs for tens of thousands of air traffic controllers, but it would also force vital airport improvement projects to come to a halt. The effects of this shutdown would have serious implications on America's economy and air safety.

Now that the Senate has stripped out the most controversial provisions of this legislation, I am able to support it. However, Congress must put aside partisan differences, work together, and produce a long-term extension that our airline industry so desperately needs.

Older

Sen. Nelson Speaks About Legislation to Provide Tax Relief For Disaster Areas

Newer

Following Finance Committee Vote, Sen. Stabenow Calls on Congress to Immediately Extend Funding for Children’s Health Insurance

Advisor News

  • A rising retirement challenge: The license to spend
  • Financial stress leaves less room for retirement saving
  • Giving while you’re living: 3 frequently asked questions about gifting
  • Helping clients prepare for one of their biggest retirement expenses
  • Important year-end financial conversations every advisor must have
More Advisor News

Annuity News

  • A rising retirement challenge: The license to spend
  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
  • AM Best to Deliver Presentation at 2026 ACLI Annual Conference
More Annuity News

Health/Employee Benefits News

  • AAA: Time to evaluate Medicare coverage
  • Healthcare workers see rising insurance costs Healthcare workers face soaring health insurance costs
  • Franklin County Seeks Case Aide for Children and Youth Services
  • As immigrant Medicaid cuts take effect, some in WA can keep their coverage
  • WNY urology practice plans ‘fresh start’ outside Kaleida, with insurance questions ahead
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Study Results from Cornell University in the Area of Insurance Reported (Regulatory Competition In the Us Life Insurance Industry): Insurance
  • AM Best Comments on Issuer Credit Ratings of Pacific Life Insurance Company’s Commercial Paper Following Amendment to Program
  • AM Best Affirms Credit Ratings of Protective Life Corporation and Its Key Subsidiaries
  • ICICI Life Insurance names Sidharatha Mishra managing director, CEO
  • Lawsuit alleges companies collected $30 million in ‘illegal wager on human life’
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.