Federal Regulation

CFA Supports H.R. 4523, the Nonprofit Property Protection Act

CFA supports H.R. 4523, the Nonprofit Property Protection Act, introduced by Representative Green. CFA urges the passage of this legislation, which would address an impending and critical problem facing nonprofits that rely on Risk Retention Groups (RRGs) for their liability insurance by allowing organizations to also obtain their property and auto physical damage policies from the RRGs that have provided liability coverage to this sector of the economy for decades.