NU Online News Service, Oct. 26, 3:19 p.m. EDT
WASHINGTON–Any legislation creating a Federal Insurance Office will include a strong role for the Treasury Department in negotiating international insurance agreements, the leadership of the House Financial Services Committee made clear today.
It came as the leaders of the committee announced that the panel will delay action on the legislation in order to consult with the Trade Subcommittee of the House Ways and Means Committee, which apparently seeks to exercise jurisdiction over the legislation.
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