Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The FIO is one of the creations of Dodd-Frank that was not needed in the first place, and is still not needed. (Photo: Shutterstock)

When does legislation that is supposed to scale back onerous federal regulation actually end up strengthening it? When it contains a provision that has the potential of creating a federal insurance czar.

The Financial CHOICE Act is designed to reform Dodd-Frank and get rid of the many restrictions it places on the ability of our financial system to function in a manner that will grow our economy. In most respects, it does an excellent job of this. But inexplicably, the CHOICE Act contains a provision that could increase, rather than reduce, federal encroachment on insurance.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.