The chair of the Senate Banking Committee cautioned last week that while "the 101st senator--that's the clock"--is emerging as a huge hurdle, he suggested that historic legislation might yet be passed this year that would begin the process of creating a greater federal role in insurance regulation.
Sen. Chris Dodd, D-Conn., made his comments at a hearing before his committee on the status of insurance regulation. (See related story on page 6.)
At the same time, House floor action on the Insurance Information Act of 2008 (H.R. 5840) and the National Association of Registered Agents and Brokers Reform Act (H.R. 5611) was delayed until September.
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