With the Federal Government's nose now under the tent of insurers, so to speak, it is my hope that the FIO will not engage in mission creep and instead adhere to the limited mission that Congress intended it to serve.
Hurt expresses concern over potential expansion of federal power in insurance regulation.
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We also believe that a huge part of what we need to be doing here in Washington is adopting policies that give greater access to capital all across Virginia.
Our current government-provided flood insurance system has proven ineffective, inefficient, and costly to taxpayers.
I believe this hearing is an important opportunity to allow Members to explore how it is that our equity markets have evolved since that time and potentially where they are headed in the future.
I am pleased that this subcommittee has taken the time to analyze regulatory overreach in the Dodd-Frank Act.
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