Financial Services Fraud Legislation Clears First Hurdle In U.S. House
Washington
A national database aimed at combating insurance and other financial services fraud would be created under legislation approved by a House of Representatives panel.
The legislation, H.R. 1408, was approved by the House Financial Services Subcommittee on Financial Institutions by a voice vote last week.
The bill next goes to the full Financial Services Committee for consideration, although a date had not yet been announced at press time.
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