The Senate Banking Committee today considered the nomination of Roy Woodall to serve a six-year term as a voting member with insurance expertise on the Financial Stability Oversight Council (FSOC).
Woodall, a former Treasury Official and Kentucky Insurance Commissioner, testified today that he would strive to maintain his independence and be beholden neither to the administration or the insurance industry. “This is a new creation and I am an independent voice,” he said. “I have to vote my conscience.”
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