Optional Federal Charter May See the Floor in 2011

by Matthew Glans on July 13, 2010

The idea of a national optional federal charter may be reentering the political arena in a big way next year. According to House Financial Services Committee Chairman Barney Frank at the National Conference of Insurance Legislators summer conference, a major push for an optional federal charter is expected regardless of which party controls Congress next year. The battle between supporters of a optional federal charter and the current state based regulatory system has been raging for years and it will be interesting to see how each will plead their case in response to the regulatory shuffle currently underway in the financial sector.

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