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Military Personnel Financial Services Protection Act (Introduced in House)

HR 5011 IH

108th CONGRESS

2d Session

H. R. 5011

To prevent the sale of abusive insurance and investment products to military personnel.

IN THE HOUSE OF REPRESENTATIVES

September 7, 2004

Mr. BURNS (for himself, Mr. SIMPSON, Mr. EDWARDS, Mr. NORWOOD, and Mr. WILSON of South Carolina) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To prevent the sale of abusive insurance and investment products to military personnel.

SECTION 1. SHORT TITLE.

SEC. 2. FINDINGS.

SEC. 3. PROHIBITION ON FUTURE SALES OF PERIODIC PAYMENT PLANS.

SEC. 4. STATE INSURANCE COMMISSIONER JURISDICTION ON MILITARY INSTALLATIONS.

SEC. 5. REQUIRED DEVELOPMENT OF MILITARY PROTECTION STANDARDS.