WASHINGTON–DC–California Congressmen Adam Schiff and George Radanovich have formally requested a committee hearing on the Armenian Victims Insurance Fairness Act (HR 3323).
The bill would allow states to require insurance companies to disclose the identity of Genocide-era insurance policy holders.
Unable to access necessary documen’s–many victims and their families are still unable to collect benefits owed to them.
The Armenian Bar Association endorsed the legislation in April.
"It is important for Congress to speak clearly on this issue so that states are permitted to act if they so choose," Congressmen Schiff and Radanovich wrote in their letter to House Financial Services Committee Chairman Michael G. Oxley–requesting the hearing. "Private settlement negotiations between insurance companies and families have been slow with no final resolutions reached to date. Families should not have to wait any longer for disclosure of policyholder lists."
Customarily–a committee hearing on a bill is the first step followed by the committee’s votes on the legislation at a later date.