On the recordJune 15, 2009
No one that is advocating for a national insurance charter in any way is suggesting that we lower consumer protections.
Source
congress.govMelissa L. Bean: “No one that is advocating for a national insurance charter in any way is suggesting that we lower consumer protections.”
Editor's note · Context
Clarifies that advocates for national insurance charter aim to enhance, not reduce, consumer protections.
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More from Melissa L. Bean
Mar 4, 2009
The AIG insurance company is solvent. They got additional capital through this latest round but it did not take an insolvent company and make it solvent.
May 13, 2009
I believe the subcommittee should move a comprehensive bill that establishes Federal regulation of all lines of insurance, property and casualty, reinsurance, and life.
May 13, 2009
Since we started working on this issue, much has changed in our system. After committing nearly $200 billion of taxpayer dollars to AIG, the need for Federal regulatory oversight has never been greater.
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