WASHINGTON – Nat Wienecke, senior vice president, federal government relations at the Property Casualty Insurers Association of America (PCI) issued the following statement regarding the Senate vote on the FY2016 Financial Services and General Government Appropriations Bill.
“PCI applauds the Senate for reinforcing Congress’ historic support of the consumer-centric state regulation system by including The Financial Regulatory Improvement Act of 2015 in the FY2016 Financial Services and General Government Appropriations Act. The Financial Regulatory Improvement Act of 2015 includes a number of important bipartisan insurance consumer protections including the International Insurance Capital Standards Accountability Act of 2015 and the Policyholder Protection Act of 2015. PCI commends the leadership of Senator John Boozman and Senator Richard Shelby for moving this critical legislation forward.”
PCI members met with lawmakers regarding these bills during PCI’s Legislative Action Day in May. PCI is continuing the discussion by sponsoring an event next week entitled “Does One Size Fit All? A Policy Discussion on Insurance, Regulation, and the U.S. Economy.”