A Senate subcommittee may hold a hearing on the broker fee controversy Nov. 16.[@@]
The Financial Management, the Budget and International Security Subcommittee, an arm of the Senate Governmental Affairs Committee, has sent invitations seeking testimony from state attorneys general, representatives for industry trade groups, the Illinois insurance commissioner and a fellow at a Washington-based conservative think tank who has been highly critical of New York Attorney General Eliot Spitzer.
The subcommittee is headed by Sen. Peter Fitzgerald, an Illinois Republican who plans to retire from Congress in January 2005.
Fitzgerald’s state is home to Aon Corp., Chicago, one of the targets of Spitzer’s investigation.
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A member of the subcommittee staff confirmed that the subcommittee is organizing the hearing, but Fitzgerald’s spokesman was not available for comment.
Members of Fitzgerald’s subcommittee members include some of the ranking members of the Senate, including Republican Sens. Ted Stevens of Alaska, chairman of the Senate Appropriations Committee, and Richard Shelby of Alabama, chairman of the Senate Banking Committee. Democratic members include Sens. Carl Levin of Michigan and Frank Lautenberg of New Jersey.