WASHINGTON–Two members of the House said today they will introduce revised legislation that would lead to creation of a federal office of insurance regulation.
Rep. Melissa Bean, D-Ill., and Rep. Ed Royce, R-Calif., chief sponsors of the measure, said the bill would be different from prior drafts because it would call for tough protections for consumers and would work in concert with a system-wide regulator for financial services that is being discussed in Congress and by the Obama administration.
They said the legislation would be introduced after the President's Day recess.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
