NU Online News Service, April 26, 3:36 p.m. EDT
WASHINGTON–State legislators and regulators are sparring with large insurance companies over whether Congress should create an office within the Treasury Department to monitor insurance activities.
Given that legislation crafted in both houses of Congress calls for creating such an office, the state legislators and insurance companies are lobbying members of Congress even more over how much authority the proposed insurance office would have to preempt state regulators, especially in negotiating trade agreements with foreign countries.
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