Washington, D.C., is typically a ghost town twice a year – during the August recess and the late fall. That’s especially true during election years when members of Congress leave the nation’s capital in October to hit the campaign trail and then take time off over the holidays. But this year, all bets are off.
The crisis in the financial markets has resulted in more than 30 hearings during the usually quiet October-November period. Action on Capitol Hill continues this month as well, with the Senate Banking Committee meeting on Thursday and the House Financial Services Committee set to meet Friday. The issue: a requested bailout of the nation’s auto manufacturers.
While insurance issues are not on the agenda for congressional hearings in December, members of Congress are clearly focused on financial services in general. NAMIC continues to closely watch these developments as we prepare for the first session of the 111th Congress next month.
Direct questions to NAMIC Senior Director of Federal Affairs Marliss McManus.
Posted: Tuesday, December 02, 2008 12:00:00 AM. Modified: Tuesday, December 02, 2008 11:43:03 AM.
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