NU Online News Service
The chairman of a key House Financial Services panel last night unveiled draft legislation creating a federal insurance regulatory office that tracks with minor omissions legislation submitted to Congress by the Obama administration.
A draft of legislation creating a "Federal Insurance Office" with strong authority over solvency and international issues was released by Rep. Paul Kanjorski, D-Pa.., chairman of the Capital Markets Subcommittee of the House Financial Services panel.
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