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Bean withdrew her amendment, she said, after progressive Democrats on the House Financial Services Committee threatened to join Republicans in a vote against the entire package if it included her preemption language.
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She says she was as committed to getting her way on preemption as she was to increased capital requirements, risk retention in loan underwriting, and a systemic risk regulator.
In her view, FEHBA's preemption provision, §8902(m)(1), as amended in 1998, both calls for the application of uniform federal common law to terms in a FEHBA plan and establishes federal jurisdiction over Empire's complaint.
Martin Amis might suspect her of what he famously called "envy-preemption," but her humility and enthusiasm for discipleship seem entirely genuine.
Jeff Peck, a former Democratic staffer and current lobbyist for financial services industry clients, said the fact that Bean faced down top Treasury officials like Neal Wolin for several hours over preemption shows that she's not simply repeating lobbyist talking points handed to her at a fundraiser.
"Even on preemption -- my clients were hoping it would go a lot further but she genuinely believes her approach on preemption is better for consumers".
See Preemption.
"She does threaten preemption.
See Preemption, Legal Info.
Limited preemption of regulations.
There is no thread preemption.
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