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Insurance agents could practice in multiple states under federal bill

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In one of its first votes of the new Congress, the House of Representatives revived and overwhelmingly approved a bill that would help insurance agents practice in multiple states, InvestmentNews reported. The bill establishes the National Association of Registered Agents and Brokers, a clearinghouse for insurance professionals who want to register in a state outside their own. The Senate is expected to take up the legislation later this month. It is supported by the National Association of Insurance and Financial Advisors and Insured Retirement Institute. The bill faces possible opposition by Sen. Elizabeth Warren because it includes changes to the Dodd-Frank Wall Street Reform and Consumer Protection Act.