CFI Standing Committee 2021 Newsletter



The CFI Committee Newsletter is an information service of the NCSL Communications, Financial Services and Interstate Commerce Committee. Published monthly, the newsletter tracks communications, financial services and interstate commerce news in the states and across the federal government.


President Joe Biden signed the bipartisan $1.2 trillion Infrastructure Investment and Jobs Act into law on Nov. 15, 2021. NCSL created a webpage with a detailed summary of the major provisions impacting states that includes a link to watch a NCSL staff briefing for legislators and legislative staff providing a deep dive on the bill.

The report summarizes past, present and future programs and actions by the NAIC and state insurance regulators to help the insurance industry respond to increasing natural hazards including flooding, wildfires and extreme weather through the three main pillars of insurance regulation: financial risk analysis; insurance market availability and affordability; and consumer education and outreach.

Instituted to help struggling bars and restaurants during the COVID-19 pandemic, the notion of home delivery of spirits is a concern to the traditional three-tiered—producer, wholesaler, retailer—structure of the alcohol industry.

According to a new CTIA report, 5G fixed wireless access services could serve 8.4 million rural households with a rapidly deployable, and cost-effective high-speed broadband option.

The U.S. Treasury Department recently released guidance that made financial assistance available to homeowners with traditional mortgages and those using alternative financing who are experiencing financial hardship linked to the COVID-19 pandemic. The new guidance includes many who previously had been excluded from earlier federal and state programs, such as owners with land contracts—financial agreements directly between sellers and buyers without the involvement of traditional lenders—and those with loans secured by manufactured homes.

NCSL Resources
Nov. 18 | State Social Media Privacy Laws
Nov. 8 | Mug Shots and Booking Photo Websites


Missed the NCSL Insurance Task Force in Tampa, Fla., on Nov. 2? Catch up on the handouts and session materials for the discussions on surprise billing, disaster savings accounts, annuity suitability and more!

The Federal Communications Commission announced that it is ready to authorize more than $554 million in its third round of funding for new broadband deployments through the Rural Digital Opportunity Fund in 19 states—Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kentucky, Maine, Michigan, Minnesota, Mississippi, Missouri, Nebraska, North Carolina, New Mexico, Ohio, South Carolina, Texas, and Wisconsin.

Missed the NCSL Communications, Financial Services and Interstate Commerce Committee sessions? You can still review the handouts and session materials.

NCSL Resources
Oct. 15 | Direct Shipment of Alcohol State Statutes
Oct. 8 | State 9-1-1 Bill Tracking Database
Oct. 7 | 2021 NCSL Privacy Summit


Join the NCSL Insurance Task Force in Tampa, Fla., on Nov. 2 to discuss surprise billing, disaster savings accounts, annuity suitability and more! This task force meeting is open to legislators, legislative staff, task force sponsors and anyone else who’s interested.

  • U.S. House of Representatives Committee Hearings

The Subcommittee on Consumer Protection and Financial Institutions held a hearing titled “The Future of Banking: How Consolidation, Nonbank Competition, and Technology are Reshaping the Banking System.” The hearing examined the consolidation of banks, competition and partnerships with financial technology companies, evolving technology in financial services including artificial intelligence, cashless bank branches, and other important issues.

The Subcommittee on Consumer Protection and Commerce held a hearing titled “A Level Playing Field: College Athletes’ Rights to their Name, Image, and Likeness.” The hearing analyzed continuing state activity: 28 states so far have passed legislation to allow student athletes to profit off of the use of their name, image and likeness. The committee also examined the National Collegiate Athletic Association’s (NCAA) response and potential federal action.

Join the NCSL Communications, Financial Services and Interstate Commerce Committee to discuss alcohol regulation, banking regulatory authority, broadband, ransomware and modernizing the workforce. The committee will review and vote on policy directives and resolutions during the committee business meeting on Nov. 4.

The Federal Communications Commission held a virtual event to honor National Digital Inclusion Week on Wednesday, Oct. 6, titled “Connecting the Disconnected Forum,” which featured municipal thought leaders from around the country sharing best practices they have developed within their communities to support digital adoption.

Legislators participated in NCSL’s first Privacy Summit with the Privacy Work Group in Alexandria, Va. The group participated in sessions on the future of privacy, artificial intelligence, and recently enacted state privacy legislation. Legislators from more than 20 states shared lessons-learned and reviewed a draft of the group’s Legislator Privacy Guide. Handouts and resources from the Privacy Summit are now available.

NCSL Resources
Sept. 17 | 2021 Consumer Data Privacy Legislation
Sept. 17 | State 9-1-1 Bill Tracking Database
Sept. 15 | Legislation Related to Artificial Intelligence
Sept. 8 | Computer Crime Statutes
Sept. 9 | Statewide Cybersecurity Task Forces


NCSL hosted a virtual congressional briefing, “State Efforts on Student-Athlete Compensation,” on Aug. 16. California Senator Nancy Skinner, chairwoman of the Senate Budget and Fiscal Review Committee and author of the first student-athlete compensation bill signed into law, and Georgia Representative Chuck Martin, chairman of the House Higher Education Committee, discussed the issues their states confronted when crafting their bills, how important state action has been and where the debate is likely to go from here.

Despite most homeowners in Western states having concerns about this wildfire season, 55% reported that they didn’t know if their property was in a high-risk area, according to, a property risk analytics firm. Nearly 60% said they had never discussed wildfire risks with an insurance provider.

On Aug. 6, 2021, the FCC published a brand-new 4G LTE mobile broadband map showing mobile coverage and availability data in the U.S. from the country’s four largest wireless providers as of May 15, 2021. The map allows consumers to search by address to determine whether they should be able to make and receive voice calls or use wireless data.

This report examines the concept and assessment of financial resilience and its associated factors, including income and cash flow management, debt management, risk protection, and financial literacy. Using longitudinal data to evaluate the impact of the Great Recession across subpopulations, the report finds that each group faces unique challenges.

NCSL Resources
Aug. 26 | Mobile 5G and Small Cell 2021 Legislation
Aug. 20 | State 9-1-1 Bill Tracking Database
Aug. 10 | Uniform Electronic Legal Material Act: State Legislation
Aug. 10 | Statewide Cybersecurity Task Forces


In the 2021 legislative session, 47 states, the District of Columbia and Puerto Rico have introduced at least 175 bills addressing funding for broadband, including nine states which have allocated federal recovery funds for broadband through legislation. This brief provides examples of how states are using state and federal monies for broadband.

Expanding high-quality, fully reliable home internet service for all Americans (“universal access”) would raise earnings-weighted labor productivity by an estimated 1.1% in the coming years, translating to $160 billion per year in economic gains.

To illustrate the ways states are utilizing their American Rescue Plan Act (ARPA) allocations, NCSL created a database detailing state actions. This database provides up-to-date, real-time information in the 50 states on housing, mortgage assistance, broadband and others, updated daily.

NCSL Resources
July 22 | State Laws Related to Digital Privacy
July 21 | Broadband 2021 Legislation
July 15 | Statewide Cybersecurity Task Forces
July 12 | State Fair Debt Collection Practices Acts


The Consumer Financial Protection Bureau recently released its spring 2021 rulemaking agenda, listing the regulatory matters the bureau is pursuing to protect consumers, including expanding disclosure of mortgage data and strengthening debt collection protections. It also details the CFPB’s efforts to protect consumers from the impact of the COVID-19 pandemic.

State governments, Congress and the administration must work together to provide much needed infrastructure investments to eliminate public safety hazards, increase business productivity and job creation, and improve overall quality of life for U.S. citizens. As infrastructure is a top state budget and policy priority, states stand ready to work with Congress and the administration as the plan moves forward.

States will keep regulatory control over certain loans after the U.S. House of Representatives followed the Senate last week in repealing a regulatory rule that would have allowed financial technology lenders to partner with banks and ultimately avoid state banking laws.

The Federal Communications Commission, the U.S. Department of Agriculture and the National Telecommunications and Information Administration agreed to coordinate the distribution of federal funds for broadband deployment. The agencies will consult with one another and share information about the distribution of new funds from the FCC’s programs supporting broadband build-out in rural areas, the USDA’s Rural Utilities Services grant and loan programs, and programs administered or coordinated by NTIA.

NCSL Resources
June 22 | Cybersecurity Legislation 2021
June 16 | Statewide Cybersecurity Task Forces
June 16 | State 9-1-1 Bill Tracking Database
June 11 | Payday Lending 2021 Legislation
June 9 | Open Container and Consumption Statutes
June 2 | Business Interruption Insurance 2021 Legislation


Negotiations on the federal infrastructure package continue, with President Joe Biden signaling agreement with a Republican counteroffer on broadband that reduces the proposed investment from $100 million to $65 million. Democrats and Republicans will still need to find common ground on issues like municipal broadband networks, broadband subsidies and which technologies should be prioritized for investment.

The U.S. Senate voted to repeal a rule adopted by the Office of the Comptroller of the Currency last year that sought to clarify partnerships between banks and third-party, nonbank lenders. Opponents said the rule would allow lenders to issue consumer loans that circumvent state interest rate caps.

NCSL’s Task Force on Cybersecurity will meet virtually on Friday, June 18, to discuss recent cyber incidents, get updates from the Cybersecurity and Infrastructure Security Agency, and cyber governance.

Details on broadband speeds are included in the Treasury Department’s recently released interim final rule providing guidance on allowable uses of American Rescue Plan Act funds.

NCSL Resources
May 21, 2021 | 2021 Security Breach Legislation
May 17, 2021 | Price Gouging State Statutes
May 14, 2021 | Cryptocurrency 2021 Legislation
May 14, 2021 | Cybersecurity Legislation 2021


The Emergency Broadband Benefit is a temporary FCC program to help households struggling to afford internet service during the pandemic. As of May 12, eligible households can enroll in the program to receive a monthly discount off the cost of broadband service from an approved provider.

A year that saw unprecedented lockdowns and economic slowdowns also saw Bitcoin prices reach new highs, surging nearly 600% since the beginning of 2020 and stirring a movement toward greater acceptance of virtual currencies in the financial world.

NCSL outlines infrastructure priorities with a list that includes transportation and water infrastructure, broadband, and the preservationn of tax-exempt financing.

Explore the status of sports betting legislation across the country and compare licensing fees, tax rates and where sports betting revenue is invested.

NCSL Resources
May 3, 2021 | State 9-1-1 Bill Tracking Database
April 30, 2021 | State Laws Related to Digital Privacy
April 29, 2021 | Financial Literacy 2021 Legislation
April 29, 2021 | Broadband 2021 Legislation