As members of the House and Senate attempt to meld their differing takes on financial services reform in a conference committee, an assemblage of insurance associations is throwing its weight behind the Senate’s version.

The Restoring American Financial Stability Act of 2010 (S. 3217) and the Wall Street Reform and Consumer Protection Act of 2009 (H.R. 4173) each seek to substantially overhaul the rules under which financial services companies operate. While both bills call for the creation of an Office of National Insurance (ONI) housed within the Treasury Department, the details vary.

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