U.S. Rep. Paul Kanjorski, D-Pa., has released what appears to be a compromise with the White House over calls for a new federal insurance office empowered to negotiate international insurance compacts and preempt conflicting state laws and regulations.Democratic staffers for the House Financial Services Committee circulated Kanjorski's "discussion draft" late Thursday in advance of Tuesday's committee hearing on the call for a federal insurance office.Kanjorski, chairman of the panel's Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, filed legislatio...
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