The fact that companies would continue to hold the money knowing that the insured have probably died over 50 or 60 years ago raises the question is this the kind of company that American consumers should be allowed to do business with.
Challenging the ethics of insurance companies retaining funds from deceased policyholders.
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In 2014, we supported a resolution that this committee passed--Jim McGovern's House Resolution 418, which called for an end to persecution.
It's important to note Ranking Member Engel's BURMA Act, which still needs to be passed and that aims to impose additional sanctions.
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