WASHINGTON–Treasury Secretary Henry Paulson twice referenced support for an optional federal charter for insurance companies during testimony yesterday on his financial bailout plan for the nation.
During a lengthy questioning period during his testimony before the Senate Banking Committee, Secretary Paulson said he supported creation of an optional federal charter.
His comment was made in response to a question by Sen. Tim Johnson, D-S.D., of his views on the OFC in light of the government need to loan up to $85 billion to American International Group last week.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
