Political Quotes

“I have listened to my colleague from Florida's remarks, and I certainly understand the concern that we all have with the aftermath of the Great Recession of 2008. But there are many of us who believe that the Dodd-Frank law, which contains the provision that we are trying to affect here, really did things that went way outside of what we should have been doing to try to prevent another recession from happening again. How does ceding control over the U.S. insurance market to foreign governments and groups help our economy or help prevent a future recession? How does a bill like the underlying bill, that protects consumers and provides congressional oversight, hurt our economy? How does that not help our economy, help the consumers? {time} 1245 This bill is necessary because the United States faces losing control over our insurance that is so very important to everybody in the United States of America. My colleague talked about State insurance departments. One thing we have seen these last several years is a steady effort to take power away from State governments, which is, frankly, contrary to the intent of our Constitution. Our State governments do very important things, like they are the primary providers for public education. But they are also the primary regulators for insurance, and they have done a good job of that. We have 150 years of experience with that. We have bipartisan support for that.…”