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Congress Tries To Shield Military From Financial Traps

Law360 (September 22, 2006, 12:00 AM EDT) -- Trying to prevent the exploitation of U.S. servicemen and women, Congress has passed legislation to protect members of the military from falling prey to inferior or overpriced life insurance packages.

On Thursday, the House of Representatives overwhelmingly approved the measure, which will enable state insurance regulators to wield more influence at military bases.

The legislative body greenlighted the bill by a vote of 418-3, two months after the Senate passed the measure by a voice vote.

The legislation will now be shipped to President George W....
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