NAPSLO officials are voicing strong support for the enactment of federal legislation that would create a national clearinghouse that would serve as a one-stop licensing system for agents and brokers operating outside of their home state.
The legislation, H.R. 1115, would create the National Association of Registered Agents and Brokers. It passed the House with strong support earlier this month, and is now awaiting Senate floor action. The Senate bill is S. 534.
"While Congress is facing difficult budget challenges this fall, one would hope that a non-controversial bill with widespread industry support such as NARAB II will be brought to a vote and passed during this Congress," says David E. Leonard, co-chair of NAPSLO's Legislative Committee and chairman of the RSUI Group in Atlanta.
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