Roy Woodall Confirmed for FSOC Post

Roy Woodall, nominated for the only voting seat of three on the Financial Stability Oversight Council (FSOC) devoted to insurance experts, was confirmed Tuesday in the Senate. The body used a unanimous consent process that allowed confirmation of a number of other candidates as well to appointments on various boards, committees and courts.

NU Online News Service reported that Woodall’s nomination had previously been endorsed by the Senate Banking, Housing and Urban Affairs Committee on Sept. 8. There are three positions on the FSOC for insurance representatives; Woodall’s is the only one with the ability to vote. The other two members are Missouri Insurance Director John Huff, representing the National Association of Insurance Commissioners, Kansas City, Mo., and Michael McRaith, director of the new Federal Insurance Office.