NU Online News Service, March 16, 3:34 p.m. EDT
WASHINGTON–Sen. Chris Dodd, Conn., chairman of the Senate Banking Committee, announced that the committee will start work Monday on financial services legislation that would impose federal regulation on large insurers.
Representatives of insurance trade groups said they will urge changes to the current bill. Dodd introduced his bill yesterday. He said he hopes to be able to send it to the Senate floor by March 26, when the Senate leaves for a 10-day Easter recess.
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