NU Online News Service, May 15, 9:11 a.m.EDT
WASHINGTON–The chairman of a key subcommittee of theHouse Financial Services Committee today said he intends to movequickly to impose direct federal oversight of insurance, startingwith a system to regulate systemic risk.
Rep. Paul Kanjorski, D-Pa., chairman of the Capital MarketsSubcommittee of the House Financial Services Committee, made hiscomments as he opened a hearing on what future role the federalgovernment should play in insurance.
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