No House Support Of State Regulation Seen
Some quick thoughts:
Congress and Federal Regulation of Insurance: During a recent hearing on efforts by the states to streamline agent licensing, I couldnt help but be impressed by what seems to be a growing skepticism among members of Congress about state insurance regulation.
My article on page one of the May 21 issue tells part of the story; specifically, that at least two prominent members of the House Financial Services Committee (Republicans, incidentally) expressed serious doubts about whether the states, despite the best of intentions, would succeed in creating an efficient, uniform agent licensing system nationwide.
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