Transcription of COMMITTEE: COMMUNICATIONS, FINANCIAL SERVICES …
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COMMITTEE: COMMUNICATIONS, FINANCIAL SERVICES …
COMMITTEE: COMMUNICATIONS, FINANCIAL SERVICES AND 1 INTERSTATE COMMERCE 2 3 POLICY: banking & FINANCIAL SERVICES 4 5 TYPE: EXISTING POLICY DIRECTIVE 6 STATE SOVEREIGNTY IN FINANCIAL SERVICES 7 The national conference of State legislatures (NCSL) is concerned that Congress, the 8 federal FINANCIAL SERVICES regulators, and the federal courts have sought to nationalize 9 control of FINANCIAL SERVICES in Washington, NCSL has consistently and strongly 10 advocated for state sovereignty in FINANCIAL SERVICES regulation. NCSL has opposed any 11 federal preemption of state legislative or regulatory authority in FINANCIAL SERVICES . A high 12 burden of proof that federal action is necessary, such as a national FINANCIAL crisis, 13 should be met before any preemption of state FINANCIAL SERVICES laws and regulations is 14 warranted.
1 COMMITTEE: COMMUNICATIONS, FINANCIAL SERVICES AND 2 INTERSTATE COMMERCE 3 4 POLICY: BANKING & FINANCIAL SERVICES 5 6 TYPE: EXISTING POLICY DIRECTIVE 7 STATE SOVEREIGNTY IN FINANCIAL SERVICES 8 The National Conference of State Legislatures (NCSL) is concerned that Congress, the 9 federal financial services regulators, and the federal courts have …
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