WASHINGTON BUREAU — The Senate has used a unanimous consent process to confirm the nomination of Roy Woodall to serve a 6-year term as the independent member of the Financial Stability Oversight Council with insurance expertise.
Senate leaders included the Woodall nomination in an agreement allowing the confirmation of a number of nominees to seats on boards, courts and independent commissions.
The Senate Banking, Housing and Urban Affairs Committee voted to endorse Woodall’s nomination Sept. 8.
Woodall, a former Kentucky insurance commissioner, has also been chief counsel for state relations at the American Council of Life Insurers (ACLI), Washington.
He will be one of three insurance representatives on the FSOC, and the only one with voting power.
The two non-voting insurance representatives on the FSOC are Missouri Insurance Director John Huff, who represents the National Association of Insurance Commissioners, Kansas City, Mo., and Michael McRaith, director of the new Federal Insurance Office.