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Federal pandemic insurance backstop unlikely: Congressman

March 24, 2021

Rep. Emanuel Cleaver, D-Missouri, chair of the House Financial Services Subcommittee on Housing, Community Development and Insurance on Wednesday played down the likelihood of a government backstop for pandemic risk.

“It’s going to be very difficult for me to get my colleagues on the other side to realize there has to be a government backstop for yet again another insurance issue. I don’t want to suggest even mildly that that’s something we are going to be able to work out,” Mr. Cleaver said.

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