Independent Member with Insurance Expertise
Financial Stability Oversight Council
S. Roy Woodall, Jr., was appointed as a voting member of the Financial Stability Oversight Council in May, 2011, by President Obama, and was confirmed in September, 2011, by the U.S. Senate. Roy serves as the Council’s independent member having insurance expertise, a position created by Congress in view of the fact that there is no federal insurance regulator. Other independent voting members of Council head federal agencies with regulatory authority over other financial intuitions. The Independent Member is the only member appointed by the President specifically to serve on the Council; other members serve by virtue of their appointment to their respective offices.
A native of Kentucky, Roy has spent over fifty years in various public and private roles within the insurance sector. His experience includes serving as General Counsel and Insurance Commissioner of Kentucky; practicing insurance law, rehabilitating life insurance companies, and leading insurance trade associations. More recently he consulted on a full-time basis for the Congressional Research Service, the U.S. House of Representatives, and with the Office of Financial Institutions Policy at the U.S. Treasury.
Roy is a Phi Beta Kappa graduate of the University of Kentucky (B.A. and L.L.B./J.D.), and also was a Woodrow Wilson Fellow at Yale University. He and his wife, Jane Brock Woodall, have four sons and nine grandchildren.