The Capital Markets Subcommittee of the House Financial Services Committee has tentatively scheduled action for July 9 on legislation that would create an Office of Insurance Information within the Treasury Department.
The subcommittee is also weighing whether to process bills at the same time that would allow risk retention groups to sell property insurance and reestablish the National Association of Registered Agents and Brokers, according to several insurance industry lobbyists.
Congress is taking its July 4th recess this week, but will resume work Monday. Because this is a presidential election year, Congress is expected to take off the entire month of August, hold a brief session in September, and not resume work until after the November election.
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