Scalia Law Professor J.W. Verret on bipartisanship behind the International Insurance Standards Act

J. W. Verret, Associate Professor of Law

In recent years, a slow creep of nationalization has threatened state insurance regulation, as federal agencies and trade negotiators have increasingly recognized the authority of international regulatory bodies to impose global standards on American insurance firms. H.R. 4537, the International Insurance Standards Act, introduced by Reps. Sean Duffy (R-Wis.) and Denny Heck (D-Wash.), would defend the state-based system by reforming the power of American officials to negotiate insurance agreements abroad

thehill.com, Dec. 10