Congress is at it again

A federal proposal to allow insurance companies to choose their regulator would free insurance companies from the local oversight of 50 states and the District of Columbia and roll back strong state-based consumer protections, said the nonprofit, nonpartisan Consumer Watchdog.

Didn't we learn anything from the federal government's deregulation of the banking industry and other financial institutions?

Do we want Sen. Christopher Dodd and Rep. Barney Frank to do to insurance what they did to the housing and financial industries?

Read the full release at the link below:

Legislation to Federalize Insurance Regulation Would Free Insurers From Consumer Protections in 50 States