Talk Congress Washington is concerned, Sting insurance lobby Capitol Haunts

In the capital, packed with high-paid lobbyists, some are respected. Others are feared. Most accounts, insurance intermediaries independent America, with a membership base of over 126000, with a call to the insurance can bring hordes of Washington, belongs to the category of fears.

”There is more confidence in the State of New Jersey as the only, there are banks across the country,”Senator William Proxmire, chairman of the Senate, the Banking Committee, pointed out in describing the order of their influence. Immunity late hives

A committee staff, given the factor of concern, said:”If we can help, we do not want a hive of results with a baseball bat and send all agents Ausschwärmen Senate.”

Despite his desire to avoid confrontation with the insurance industry, the congress was the sensation of ensuring the full entry into force in recent weeks.

In preparation for a possible vote of the Senate, the emblem of this week, in a controversial bill, which is new banks broad powers to sign the securities and investment funds to sell insurance agents wimmelte here last week to show their strength and efforts against banks, in their affairs.

In a two-day delay, 720 agents, each constituency Congress encamped on Capitol Hill.

According to the group Top-lobbyist, Paul Equale, government officials votes required lunch, many receptions and dinners, and all closed meetings with the senator and representatives of the invitation to be confined to banks in the insurance business. For all the bases

”We all Assembly members and all 100 senators, say that it is not in the best interest of consumers, to give new powers to the banks’ insurance,’’said Equale.

In fact, the driving force behind insurance representatives, Mr. Equale, 37 years old, a former government lawyer, is organizing the collection, last week and is known to be self-confidence, courage and close relations with many Top Democrats in both houses.

After his arrival, Mr. Equale all agents have in common a two-hour briefing last Tuesday, reunion, a video presentation with comments Slick packed with more than a half-dozen members of Congress, including Senator George J. Mitchell, Democrat of Maine, one of the main candidates at the next majority leader of the Senate.

Certains”bancaires in my country asks me why I specialist assistance in accordance banks, insurance,”the senator said in the video. ”I have a brother who is a related insurance agency business and a brother, a banker, and my brother is a business insurance agent called me.”

Mr. Mitchell’s brother Paul, operates his own insurance agency in Waterville, ME. HAS been in the public, there was another brother in the insurance sector, the brother of Senator Daniel K. INOUYE des Etats-democratic, is also a candidate for head of the majority of the Post Office.

In addition, several members of the house are or have been, insurance agents, including Norman Y. Mineta, Democrat of California, and three Republicans, Dan Burton, Indiana, John G. Rowland of Connecticut and Fred Grandy of Iowa.

Perhaps is the main strategic ally of insurance agents litigation course is Senator Christopher J. Dodd, Democrat of Connecticut.

Regarding banks, which the Senate plans to register before the Banking Committee of the month, Mr. Dodd a committee procedure for almost two days to find a compromise, that small banks limited access to certain assurances, and prevents at the same time the largest banks, like Citicorp, insurance in developing countries between networks.

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