Rep. David Scott (D-Ga.), the prime sponsor of the National Association of Registered Agents and Brokers Reform Act of 2008 (H.R. 5611), stated on the floor of the House of Representatives on September 17 that PIA should be included as a member of the regulatory board envisioned in the bill. The bill was passed in the House, but is not expected to see action in the Senate before Congress adjourns.

“As talks continue on this issue, we are very hopeful for the expansion of our regulatory board to include PIA, the National Association of Professional Insurance Agents,” said Rep. Scott during floor debate, as reported in the Congressional Record. “This has been a very inclusive process, Mr. Speaker, working in a very much needed area to bring a greater degree of consumer choice and benefits to the American consumer of insurance products.”

September 24, 2008