PIA National has launched a nationwide Grassroots Action Alert asking all PIA members to contact their Members of Congress, to let them know that PIA opposes H.R. 5840 in its current form. H.R. 5840 grants one, unelected political appointee in Washington, D.C. – the Treasury Secretary – the power to preempt any state insurance law, regulation or practice. Under the bill, this can happen without any action by Congress, the states or the courts.

PIA believes that H.R. 5840 is the first step in the campaign to create a system of federal insurance regulation.  We believe that H.R. 5840 will also be used to advance dual regulation under an Optional Federal Charter.

If you haven’t yet sent a message to Congress, click here to do it today!

August 5, 2008