Legislation allowing creation of the National Association of Registered Agents and Brokers (NARAB) passed the Senate yesterday.
The bill was added to S. 2244, the Terrorism Risk Insurance Program Reauthorization Act of 2014, by voice vote.
Companion House legislation, H. R. 4871, has been reported out by the House Financial Services Committee, but the bill is being held up because the provisions dealing with a TRIA extension are still being debated. It is unclear when the House will reach a consensus on its version of the legislation.
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