The American Legislative Exchange Council (ALEC) has appointed State Representative Woody Burton as co-chairman of the Financial Services Subcommittee. This subcommittee is an advisory body to the larger Commerce, Insurance and Economic Development Task Force.
ALEC works at the state level to advance the fundamental principles of free-market enterprise, limited government and federalism. This is done through a nonpartisan public-private partnership of America’s state legislators, members of the private sector and the general public.
“I feel honored to have been appointed to this position and I look forward to working with Paul Russinoff of Visa, who serves as the private sector co-chair,” said Rep. Burton. “This subcommittee is open to all members of the larger task force but typically, the members who are most interested and knowledgeable will attend.”
The Financial Services Subcommittee deals with matters related to the financial industry and insurance with the intent to design national legislation. Some of the issues they have covered in the past include the Dodd-Frank Act, homeowners’ insurance and mortgage licensing reciprocity. Rep. Burton is Chairman of the Financial Institutions Committee in the Indiana House of Representatives. He also serves on the Insurance Committee.
