Legislative Update February 1

The Latest Legislative Information

February 1, 2021

BWC PROPOSES 7.1% RATES CUT IN WORKERS' COMPENSATION PREMIUMS

In the Bureau of Workers' Compensation (BWC) actuarial committee meeting last week, the BWC announced their recommendation to lower private employer premiums by 7.1%.

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OHIO SENATE HEARS SUPPORT FOR OHIO CHAMBER LEGISLATION DURING FIRST JUDICIARY COMMITTEE THIS YEAR

In the first day of committee hearings of the 134th General Assembly, the Ohio Chamber of Commerce testified in support of legislation to improve the state’s business and legal climates.

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BIDEN ADMINISTRATION SIGNS TWO EXECUTIVE ORDERS DEALING WITH ENERGY AND ENVIRONMENTAL POLICY

Shortly after the inauguration of our nation’s 46th president, Joseph R. Biden, a flurry of executive orders was signed. In this wave of signed executive orders was the decision to rejoin the Paris Climate Agreement and to revoke the Keystone XL Pipeline permit.

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OHIO SENATE MAKES FINANCIAL LITERACY A PRIORITY

In mid-January, the Ohio Senate introduced their first two bills of the 134th General Assembly. SB 1 is legislation that would require each student graduating from high school in Ohio to pass a course on financial literacy.