Annual Meeting & Exhibition
August 16-20, 2005
Seattle, Washington
Financial Services Standing Committee
Preliminary Agenda
Committee sessions are noted in bold.
(as of September 1, 2005)
Wednesday | Thursday | Friday | Saturday
Tuesday, August 16 |
| 8:00 am - 5:00 pm |
Registration |
| 8:00 a.m. - 5:00 p.m. |
NCSL Book Store Open |
| 10:00 a.m. - 12:00 p.m. |
NCSL Executive Committee |
| 1:00 p.m. - 5:00 p.m. |
Staff Sections |
|
3:00 p.m. - 4:00 p.m.
205 Convention Ctr
|
Banking FSL Partners Project Business Meeting
Presiding: Representative Donna Stone, Delaware |
4:00 p.m. - 5:00 p.m.
616/617 Convention Ctr |
Steering Committee Meeting, NCSL Standing Committees
The Steering Committee will review policy statements to be considered by the standing committees and make determinations on joint resolutions and referral of resolutions |
|
5:00 p.m. - 10:00 p.m. |
Welcome Reception: Seattle Sports Scene!
Qwest Field and Event Center and Mariners' Game at Safeco Field |
Wednesday, August 17 |
7:30 a.m. - 8:30 a.m.
615 Convention Ctr |
Life Insurance Compact Breakfast Roundtable
State legislators and insurance commissioners will hold a roundtable breakfast on the implementation of the Interstate Insurance Product Regulation Compact. |
| 7:30 a.m. - 9:00 a.m. |
Continental Breakfast for All Delegates |
| 8:00 a.m. - 5:00 p.m. |
Registration |
| 8:00 a.m. - 5:00 p.m. |
NCSL Book Store Open |
8:30 a.m. - 10:00 a.m.
6 A/B/C Convention Ctr |
Opening Plenary: Bill Gates
Presiding: Delegate John Hurson, Maryland, President, NCSL
Bill Gates is Chairman and Chief Software Architect, of Microsoft Corporation, Seattle. Gates started the world's leading software company in 1975. His vision and leadership have changed the way the world uses computers. The Bill and Melinda Gates Foundation, with an endowment of $27 billion, is dedicated to global health and learning. |
| 10:00 a.m. - 4:00 p.m. |
Exhibit Hall Open |
10:15 a.m. - 5:00 p.m.
4C-1 Convention Ctr |
Financial Services Standing Committee
Welcome and Introductions |
10:30 a.m. - 11:45 a.m.
4C-1 Convention Ctr |
Who's Handling My Mortgage?
Sponsored by the FSL Banking Partners Project
The market has been huge for home buying and mortgage refinancing in the last few years. All the growth in the mortgage industry has brought about more players in the mortgage market. There are mortgage bankers, brokers, lenders, services and loan originators who all work on mortgages. But, what do these different people do and are they regulated? Come learn about the different players in the mortgage industry.
Moderator: Representative Donna Stone, Delaware
Chair, FSL Banking Partners Project
Speakers: Tim Doyle, Director, Government Affairs, Mortgage Bankers Association, Washington, D.C.
Joseph Falk, Legislative Chairman, National Association of Mortgage Brokers, Miami, Florida
Loren Morris, Senior Vice President-Business Relations, HSBC North America
Peter Schneider, Executive Vice President/General Counsel, Primerica, Duluth, Georgia
Joseph A. Smith, Jr., Commissioner of Banks, Raleigh, North Carolina
Handouts:
HSBC PowerPoint Presentation
Mortgage Bankers Association PowerPoint Presentation
National Association of Mortgage Brokers Model State Statute Initiative
Commissioner Joseph Smith's PowerPoint Presentation
NCSL 2005 Mortgage Licensing Legislation Handout |
| 11:45 a.m. - 12:00 p.m. |
Break |
12:00 p.m. - 1:30 p.m.
4C-1 Convention Ctr |
Working Lunch - The Financial Services Marketplace: A Primer
Sponsored by the Academy for Excellence in Financial Services Policy
The financial services marketplace is changing rapidly. Once community banks and local insurers have become part of global financial services firms now driven by the forces of the modern economy. How does it work? Who’s in charge? How do your local institutions fit in? This session introduces the modern financial services marketplace and offers a prerequisite understanding for state lawmakers changed with crafting policy that governs this intricate and puzzling world.
Moderator: Senator Delores Kelley, Maryland
Speakers: Robert J. Kabel, Counsel, Baker & Daniels, LLP, Washington, D.C.
John A. Tatom, Director of Research, Networks Financial Institute, Indianapolis, Indiana |
| 1:30 p.m. - 1:45 p.m. |
Break |
1:45 p.m. - 2:45 p.m.
4C-1 Convention Ctr
|
Terrorism Insurance: Should the Temporary Federal Backstop be Extended?
The Terrorism Risk Insurance Act (TRIA) has ensured the availability of terrorism insurance, but there are concerns that it also has discouraged private market solutions. With TRIA set to expire in December, this session explores long and short-term implications of re-upping or sunsetting this temporary federal backstop.
Moderator: Wade Adams, Senior Attorney, Louisiana House of Representatives
Legislative Staff Chair, Financial Services Commitee
Speakers: Bryan Cox, Regional Vice President, American Council of Life Insurers, Washington, D.C.
Nada Eissa, Consultant, Office of Economic Policy, U.S. Department of Treasury
Diane Koken, Insurance Commissioner, Pennsylvania, and President, National Association of Insurance Commissioners
Scott Schrum, Counsel, Safeco Insurance Companies, Seattle, Washington |
2:45 p.m. - 4:00 p.m.
4C-1 Convention Ctr
|
Getting SMART About Federal Insurance Reform: Would You Believe "State-based?"
As Agent 86 Maxwell Smart would ask, “Would you believe… state-based?” Its sponsors promote the “State Modernization and Regulatory Transparency” or SMART Act as a “state-based” alternative to a federal insurance regulator. The SMART Act would create a matrix of federal standards for all elements of insurance regulation that states would have to meet or face federal preemption. This session will examine whether the SMART Act is a viable alternative to optional federal insurance chartering and explore what other options may be available.
Moderator: Representative Frank Mautino, Illinois
Chair, Financial Services Committee
Speakers: Joel Ario, Insurance Commissioner, Department of Consumer and Business Services, Oregon
Al Iuppa, Superintendent of Insurance, Bureau of Insurance, Maine
Diane Koken, Insurance Commissioner, Pennsylvania, and President, National Association of Insurance Commissioners |
4:00 p.m. - 5:00 p.m.
4C-1 Convention Ctr
|
Consideration of NCSL Financial Services Federal Policy
The committee will receive brief state-federal updates. Members will consider NCSL federal policy related to financial services. Votes will be taken.
Presiding: Representative Frank Mautino, Illinois
Chair, Financial Services Committee
Polices to be considered include:
|
5:15 p.m. - 6:15 p.m.
613/614 Convention Ctr |
Steering Committee, NCSL Standing Committees
The steering committee will establish the calendars for the annual business meeting, which will be held on Friday, August 20th, at 10:15 a.m. |
|
Evening |
States' Night |
Thursday, August 18 |
| 7:30 a.m. - 8:30 a.m. |
Continental Breakfast for All Delegates |
| 8:00 a.m. - 5:00 p.m. |
Registration |
| 8:00 a.m. - 5:00 p.m. |
NCSL Book Store Open |
| 8:00 a.m. - 11:30 a.m. |
Financial Services Standing Committee |
8:00 a.m. - 9:45 a.m.
4C-4 Convention Ctr |
Consumer Credit Counseling
Consumer debt has exploded in the United States. Each year millions of consumers turn to credit counseling agencies for help in managing their debts. In addition, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires consumers to seek credit counseling before filing for bankruptcy. Concerns are rising regarding the regulation of credit counselors, both for-profit and non-profit. Join in a discussion of how states are reevaluating their regulation of consumer credit counseling agencies.
Speakers: Michael Jackson, Regulatory Policy Director, Commissioner of Financial Regulation, Baltimore, Maryland
Cort Jensen, Assistant Attorney General, Office of Consumer Protection, Montana Department of Justice, Helena, Montana
Martha Sullivan, Director, Exempt Organizations, Internal Revenue Service, Washington, D.C.
Representative from the U.S. Trustee's Office, Department of Justice
Handouts: NCSL 2005 Consumer Credit Counseling Legislation Handout
|
| 9:00 a.m. - 4:00 p.m. |
Exhibit Hall Open |
| 9:45 a.m. - 10:00 a.m. |
Break |
10:00 a.m. - 11:30 a.m.
4C-4 Convention Ctr |
Insurance Broker and Agent Compensation: Center Stage
Compensation practices for insurance brokers and agents has been a decidedly off-Broadway issue, but allegations of bid rigging and market manipulation by big-time industry stars has propelled the issue downtown. This session casts the issue center stage to review the common practice of contingency commissions and examine competing models acts to disclose broker compensation arrangements.
Speakers: Joel Ario, Insurance Commissioner, Department of Consumer and Business Services, Oregon
Wes Bissett, Vice President for State Government Affairs, Independent Insurance Agents and Brokers of America, Virginia
Robert Zeman, Senior Vice President, Property and Casualty Insurance Association of American, Illinois |
11:45 a.m. - 1:15 p.m.
6 A/B/C Convention Ctr |
Legislators' Luncheon
Presiding: Senator Leticia Van de Putte, Texas, Vice President, NCSL
Biomedical Research and Economic Development
World-renowned researcher Leroy Hood and Nobel Laureate Lee Hartwell will share the latest trends in biomedical research and the impact this cutting-edge field can have on economic development.
Speakers: Lee Hartwell, President, Fred Hutchinson Cancer Research Center, University of Washington, Seattle, Washington
Leroy Hood, M.D., President, Institute for Systems Biology, Seattle, Washington
The Legislators' Luncheon will be followed, at 1:30 p.m., by a related session, Science and Money: Biomedical Research and Economic Development |
| 11:45 a.m. - 1:15 p.m. |
Staff Section Lunches |
| 1:30 p.m. - 5:00 p.m. |
Concurrent Sessions |
3:30 p.m. - 5:00 p.m.
3B Convention Ctr |
The ABCs of Protecting Financial Consumers
Sponsored by the Academy for Excellence in Financial Services Policy
Living the American Dream today requires navigating a complex financial marketplace with more choices and potential pitfalls than ever before. An extensive patchwork of state and federal safeguards protects financial consumers from unsafe, unfair and deceptive trade practices. This session surveys consumer protections for banking, insurance and investments and explores how they work to promote and preserve financial security.
Moderator: Representative Donna Stone, Delaware
Speaker: Andrew L. Ehrlich, Senior Vice President, B&D Sagamore, Washington, D.C.
Frank S. Swain, Partner, Baker & Daniels, LLP, Washington, D.C. |
|
Evening |
Washington State Social Event |
Friday, August 19 |
| 8:00 a.m. - 5:00 p.m. |
Registration |
| 8:00 a.m. - 9:00 a.m. |
Continental Breakfast for All Delegates |
| 8:00 a.m. - 12:00 p.m. |
NCSL Book Store Open |
8:30 a.m. - 10:00 a.m.
6 A/B/C Convention Ctr |
Plenary Session
Presiding: Delegate John Hurson, Maryland, President, NCSL
First Amendment Schools Presentation
Sam Chaltain, First Amendment Center, Virginia
Nursery Road Elementary School, South Carolina; Mary Kennerly, Principal
Will Bowman, Madalyn Hazlett, Josh Jenkins, Miller Love, Pooja Malhotra--Students
Health Care Reform and Finance
Speaker: Uwe Reinhardt, James Madison Professor of Political Economy, Princeton University, Princeton, New Jersey |
| 9:00 a.m. - 12:00 p.m. |
Exhibit Hall Open |
10:15 a.m. - 12:00 p.m.
6E Convention Ctr |
NCSL Business Meeting
All legislators and legislative staff will want to attend this centerpiece of the Annual Meeting. All other annual meeting participants are welcome as observers.
The business meeting is the culmination of the conference year. It includes debate of policy resolutions that will guide NCSL in lobbying the federal government in the year to come, as well as election of NCSL officers and approval of the conference budget. |
12:15 p.m. - 2:00 p.m.
6 A/B/C Convention Ctr |
Legislative Staff Luncheon
Presiding: Jim Greenwalt, Director Information Systems, Senate, Minnesota, Staff Chair, NCSL
The FISH! Philosophy
Carl Hagerman brings you the FISH! philosophy, which can bring fun into your workplace, change your perspective and challenge your world view. He will leave you with the impression that you can change the world, and have some fun while you're at it!
Speaker: Carr Hagerman, FISH! Philosopher, Minneapolis, Minnesota |
| 2:15 p.m. - 4:00 p.m. |
Concurrent Sessions |
2:15 p.m. - 4:00 p.m.
3A/3B Convention Ctr
|
Who Has Your Personal Information and How Safe Is It?
As more organizations disclose security breaches, concerns are growing over unauthorized access to personal information and the rise of identity theft. The states, Congress and federal regulators are moving forward with legislation and regulations to protect consumers. Come discuss the latest efforts to protect personal identifiable information and halt identity theft.
Moderators: Representative Donna Stone, Delaware
Senator Steve Kelley, Minnesota
Speakers: Representative Helen Giddings, Texas
Chris Hoofnagle, Director, EPIC-West, San Francisco, California
Chantele Mack, Manager, Government Relations, Consumer Data Industry Association, Washington, D.C.
The Honorable Rob McKenna, Attorney General, Washington State
Senator S. Joseph Simitian, California
Handouts: California Notice of Security Breach Summary
Governing Article, Stolen Identities, August 2005
NCSL 2005 Consumer Credit Report Security Freeze Legislation
Speaker Biographies |
|
Evening |
States' Night |
Saturday, August 20 |
| 8:00 a.m. - 12:00 p.m. |
Registration |
| 8:00 a.m. - 9:00 a.m. |
Coffee Service for All Delegates |
| 8:30 a.m. - 10:00 a.m. |
Plenary Session |
|
10:15 a.m. - 12:00 p.m. |
Nashville is Only Twelve Months Away!
Promotional Event for the 2006 Annual Meeting in Nashville, Tennessee, August 15-19, 2006. |
The NCSL Financial Services Standing Committee
will next meet during NCSL's Fall Forum to be held in
Chicago, Illinois
Hilton Hotel
December 6-9, 2005
Please Plan to Attend
|
Meeting Information
Four ways to register
- Online
- Fax: 303 364-7811
- Mail: NCSL Registration
P.O. Box 17972
Denver, CO 80217
- Onsite
Committee Staff Contacts
Committee Information
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