Legislation aimed at streamlining the regulation of multistate surplus lines and reinsurance regulation was reintroduced in the House on Thursday.
The bill has broad industry support, although some see it as an alternative to an optional federal charter, while others contend it stands alone, and that an optional federal charter is still needed.
Reps. Dennis Moore, D-Kan., and Ginny Brown-Waite, R-Fla., who also introduced the measure in the 109th Congress last year, announced the bill and expressed optimism that it would again be passed by the House.
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