On the recordNovember 16, 2015
Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise in strong support of H.R. 1478, the Policy Protection Act. I applaud my colleagues, Mr. Posey of Florida and Mr. Sherman of California, on their diligent work that they have put into crafting this legislation in the Financial Services Committee. I supported this legislation in committee. The bill, in a nutshell, ensures that insurance company assets are, first and foremost, used to protect and pay policyholders' claims. Mr. Speaker, I yield such time as he may consume to the gentleman from California (Mr. Sherman) to further discuss this bill.
