Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I am pleased to join with my fellow colleagues in bringing this important legislation to the floor for a vote today. This legislation is timely since the issue of insurance regulatory reform has remained crucial for some time now. I am pleased to introduce H.R. 2554, the National Association of Registered Agents and Brokers Reform Act, with Congressman Neugebauer to help guarantee adequate agent broker licensing as well as ensure increased competition. That is the important word in this, Mr. Speaker, ``increased competition.'' Insurance regulatory reform is an issue many involved agree requires action, and this bill is a good starting point for leveling the playing field for insurance agents and brokers. H.R. 2554 would simply establish the National Association of Registered Agents and Brokers to provide for nonresident insurance agent and broker licensing while preserving the rights of States to supervise and discipline insurance agents and brokers. This legislation will benefit consumers through increased competition among agents and brokers, leading to greater consumer choice. This legislation is straightforward. Insurance agents and brokers who are licensed in good standing in their home States can apply for membership to the National Association of Registered Agents and Brokers, which we call NARAB. This will allow them to operate in multiple States.…”