House Panel Approves Bill To Protect Insurer Data

Law360, New York (December 9, 2011, 7:05 PM EST) -- A House subcommittee on Thursday approved a bill aimed at protecting insurers from federal subpoena powers created under the financial reform act, requiring new federal offices to obtain data from state regulators instead of directly from companies.

The House insurance, housing, and community opportunity subcommittee passed H.R. 3559, the Insurance Data Protection Act, by a vote of 7-5.

The bill's sponsor Rep. Steve Stivers, R-Ohio, said that H.R. 3559 would address concerns raised at three earlier subcommittee hearings about subpoena powers granted to the Federal Insurance...
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