Rep. Jeb Hensarling, R-Texas, was named by Republicans as the new head of the House Financial Services Committee, while Rep. Ed Royce, R-Calif., a key figure on insurance-regulatory issues, was named chairman of the Foreign Affairs Committee.
Rep. Jeb Hensarling, R-Texas, was named by Republicans as the new head of the House Financial Services Committee, while Rep. Ed Royce, R-Calif., a key figure on insurance-regulatory issues, was named chairman of the Foreign Affairs Committee.
The house of representatives is likely to take up legislation that would reauthorize the National Flood Insurance Program for five years before Memorial Day, hopefully providing certainty for a program that has lived on the edge since 2008.
The House Financial Services Committee reported to the House floor legislation reauthorizing the National Flood Insurance Program for five years. The vote was unanimous.
The House Energy and Commerce Committee has reported to the full House legislation that would cap non-economic damages in malpractice cases at $250,000 and set other restrictions on lawsuits against doctors.
The House Financial Services Committee plans to mark up legislation reauthorizing and reforming the National Flood Program May 12, according to industry officials.
The House today passed legislation repealing the much-criticized 1099 reporting provision of the health care law, setting the stage for talks with the Senate over how to pay for the repeal.