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Government News

House Leader Pulls OII Bill Off Floor

September 18, 2008

   Related Information
Insurance Information Act of 2008 (H.R. 5840)

National Underwriter | Sept. 17, 2008

H.R. 5840, a bill that would create an Office of Insurance Information at the Treasury Department, has been pulled off the House floor.House Speaker Nancy Pelosi, D-Calif., decided tonight to yank the OII bill off the “suspension calendar,” which is used to consider what appear to be uncontroversial bills, after Rep. Jackie Speier, D-Calif., a lawmaker from a neighboring district who is serving her first term in Congress, raised questions about how the bill would affect California insurance rate regulation.


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