12/20/2011 -Park Farms---Canton (Stark County)- Number Affected: 225 .....
* Republican Rep. Steve Stivers (OH-15th) seems to be doing a lot of legislative work that protects banks, bankers, stockbrokers, insurance companies, and cement manufacturers, but doesn't necessarily help the consumer.
Lexology:
On December 8, 2011 the House Financial Services Subcommittee on Insurance, Housing and Community Opportunity approved legislation eliminating the Federal Insurance Office’s (“FIO”) and the Office of Financial Research’s (“OFR”) authority to subpoena information from insurance companies. H.R. 3559 (the Insurance Data Protection Act), was introduced by Representative Steve Stivers (R-OH) and was approved by a party-line vote of 7-5, with each Republican on the Subcommittee voting in favor.
The legislation still needs to be approved by the House and Senate; however, the Subcommittee’s approval is perceived as a step in the right direction by those in the insurance industry who have expressed concern over encroaching federal regulation, typically reserved for the states......
Stivers is the protector for big business. Why is he trying to prevent the federal government from issuing subpoenas? Aren't there some insurance companies that routinely cheat people, deny them their rights to settlements, and even discriminate against certain groups? Why is Stivers protecting insurance companies instead of consumers?
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