Committee debates structured-settlement oversight bill; vote ends in tie
Senate Finance held a hearing on a bill to require courts to appoint independent financial advisers (guardian ad litem) when approving transfers of structured-settlement payment streams. Committee debate focused on consumer protection versus court intrusion. The committee recorded a tie vote on the do-pass motion.
The full story
The Senate Finance Committee considered a proposal to strengthen oversight of structured-settlement transfers, voting to a tie that left no committee recommendation.
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