Bipartisan, Bicameral Legislation Introduced to Protect Insurance Policy Holders from Being Forced to Bailout Financial Firms
U.S. Representatives Bill Posey (R-FL) and Brad Sherman (D-CA) joined with U.S. Senators David Vitter (R-LA) and Jon Tester (D-MT) introduced the Policyholder Protection Act (H.R. 1478, S. 798), bipartisan legislation to ensure that your personal insurance policies won’t be raided to prop-up failing financial institutions. “It’s simply wrong to force average middle-class families to…