SEC Rule 151A "Fly-In" in progress

As you may well be aware, there’s a big “fly-in” event going on in Washington D.C. today – March 17 – organized by opponents of proposed SEC Rule151A.

I know these things have to be planned well in advance, but I can’t help wondering if the organizers are a bit disappointed with the timing of their event, given the frenzy of congressional activity going on this week with the much-publicized final push to move health care reform legislation through the House of Representatives by the end of the week.

“In nearly 30 years of doing this, I can’t remember a time when there has been as much focused and frenetic activity,” said Ron Pollock, executive director of consumer group Families USA, in a McClatchy Newspapers article on Tuesday responding to the political commotion over the health care reform push. Probably not the best time to visit Capitol Hill and capture a lawmaker’s full attention.

Fortunately for the organizers – the Independent Fixed Annuities Agents Council (IFAAC), representing agents, agencies and independent marketing organizations; NAFA, representing insurers and producers; and the Coalition for Insured Products, representing insurers – the fly-in’s sights are set on the Senate as opposed to the House.