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Rep. Frank Says Agents Among the Most Influential Lobbyists

During a wide-ranging speech at the annual meeting of PCI, House Financial Services Committee Chairman Barney Frank (D-Mass.) paid a high compliment to the Congressional...
October 30, 2007

During a wide-ranging speech at the annual meeting of PCI, House Financial Services Committee Chairman Barney Frank (D-Mass.) paid a high compliment to the Congressional lobbying prowess of insurance agents. According to a report by BestWire, Frank said that insurance agents rank at the top of the most influential lobbyists in any district and are considered a reliable source of information. "No major change in laws is going to come over opposition to the agents," he said during his informal speech in which he appeared to use no prepared text.

Advice and opinion are more effective than campaign contributions, Frank said. Contributions are a means to an end and the end is getting votes, which is driven by strong public opinion. Votes will always beat money, he said. "Our ability to take your money and ignore you is greater than you think," said Frank to laughter among his audience.