The National Association for Registered Agents and Brokers legislation passed the U.S. Senate Thursday as an amendment to the Terrorism Risk Insurance Act, known as TRIA (S. 2244).

NARAB II would establish a federal clearinghouse to cut through the red tape of state-by-state broker and agent licensing. It was introduced as an amendment (S. Amdt. 3552) by Sen. Jon Tester (D-Mont.) and is included, also as an amendment, on similar legislation in the U.S. House of Representatives (H.R. 4871), where it has yet to be voted upon.

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