NU Online News Service, May 4, 12:10 p.m. EDT–An agents group has called on consumer advocates to offer their own ideas on state regulation reforms rather than criticisms of the State Modernization and Regulatory Transparency, or SMART Act, proposal.
In response to a letter sent to key members of the House Financial Services Committee by a consortium of consumer groups and other organizations, Robert Rusbuldt, CEO of the Independent Insurance Agents & Brokers of America, called on those advocates to work with lawmakers rather than against the proposal.
The letter to Committee Chairman Mike Oxley, R-Ohio, and Capital Markets, Insurance and Government Sponsored Enterprises Subcommittee Chairman Richard Baker, R-La., was signed by, among others, the Foundation for Taxpayer and Consumer Rights, the NAACP, the AFL-CIO, and the Consumer Federation of America.
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