The U.S. Senate Committee on Banking, Housing and Urban Affairs recently approved Roy Woodall’s nomination to serve a six-year term as a voting member of the Financial Stability Oversight Council (“FSOC”). Woodall is the former Commissioner of the Kentucky Insurance Department. As we have mentioned in previous posts, if he is confirmed by the full Senate and becomes a member, his position will fulfill the mandate under the Dodd-Frank Wall Street Reform and Consumer Protection Act for an independent member with insurance expertise to serve on FSOC.
To see our previous blog on Woodall’s nomination, and to obtain a copy of Woodall’s testimony at the Committee’s July 26, 2011 hearing, click here.
