Earl Pomeroy: “I am reluctantly voting yes on H.R. 10. It needs work--a lot of work--in conference committee to fully establish…”

“I am reluctantly voting yes on H.R. 10. It needs work--a lot of work--in conference committee to fully establish functional regulation of insurance in state insurance departments. In light of assurances I have received from the Banking Committee Chairman and Ranking Member to revisit the concerns I have advanced in this regard I will vote for the bill to keep the process moving forward. We desperately need financial services modernization, but it is vitally important the legislation establishing these reforms get it done right.”