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Kanjorski: federal regulation of insurance“yes"

  • Wiley Rein LLP
  • -
  • USA
  • -
  • May 15 2009

Amidst the fallout of the current economic crisis, Paul Kanjorski (D-PA) dramatically shifted the arc of the Capitol Hill debate on federal insurance regulation, yesterday, with his assertion that the debate on federal regulation could no longer be about whether to do it, but, rather, how to do it

Obama Administration criticizes state insurance regulation, calls for creation of an Office of National Insurance, need for uniformity in regulation via federal charter or effective state action

  • Wiley Rein LLP
  • -
  • USA
  • -
  • June 17 2009

The Obama Administration criticized state insurance regulation, proposed the creation of an Office of National Insurance and acknowledged the need for "a modern regulatory framework for insurance" in its financial regulatory reform white paper unveiled today

House Committee keeps its head down in anticipation of Administration plan on financial regulatory reform

  • Wiley Rein LLP
  • -
  • USA
  • -
  • June 16 2009

Chairman Paul Kanjorski (D-PA) declared today that, "Only ostriches can now deny the need for establishing a federal insurance resource center and a basic federal insurance regulatory structure."

House committee debates consumer financial product regulator; insurance might be exempted from jurisdiction; Kanjorski and Speier spar on federal insurance regulation

  • Wiley Rein LLP
  • -
  • USA
  • -
  • June 24 2009

The House Financial Services Committee debated the role of a Consumer Financial Protection Agency (CFPA) in response to the proposal in the Obama Administration’s "Financial Regulatory Reform: A New Foundation" white paper issued last week

Banking Committee panel: proposals for federal insurance regulation quietly gaining momentum

  • Wiley Rein LLP
  • -
  • USA
  • -
  • July 28 2009

Federal regulation of insurance received unanimous support today from a panel of witnesses during today's Senate Banking Committee hearing titled "Regulatory Modernization: Perspectives on Insurance"