April 18, 2008
HP-935

Nason Statement On Insurance Information Act

Washington- Treasury Assistant Secretary for Financial Institutions David G. Nason released the following statement today regarding H.R. 5840, the Insurance Information Act of 2008:

"The Treasury Department welcomes Subcommittee Chairman Kanjorski and Ranking Member Pryce's introduction of legislation to create a federal insurance adviser within the Department of the Treasury. This legislation, similar to a proposal in Treasury's Blueprint for a Modernized Regulatory Structure, would help the United States address international regulatory issues affecting our markets' competitiveness. We look forward to working with Congress to move this idea forward."