WASHINGTON--Five leading financial services trade groups said today they have re-committed their industries to lobby the next Congress for passage of comprehensive legislation creating an optional federal charter for insurance companies and agents.
The statement came from Frank Keating, American Council of Life Insurers president and chief executive officer; Marc Racicot, American Insurance Association president; and Edward Yingling, American Bankers Association president and CEO, after a meeting Tuesday in the ACLI offices.
Other groups involved are the Council of Insurance Agents and Brokers and the Financial Services Forum.
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