Snowe has indicated her preference for a "trigger" provision that would mandate creation of a public health insurance option in the future if specific thresholds for expanded coverage and other changes were not met.

CNN: STORY HIGHLIGHTS

The Regulatory Cooperation Council, in fulfilling its mandate to promote economic growth and job creation, has spurred unprecedented cooperation to provide benefits to our consumers, regulators, and businesses through increased regulatory transparency and coordination while maintaining high standards of public health and safety and environmental protection.

WHITEHOUSE: The White House

The timing of the creation of the council is particularly strategic and will shape its mandate and activities.

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