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.)

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