Richard Shelby actually said...

"Dodd-Frank drastically altered the regulatory landscape for insurers."

"Many insurers, as you well know, hold assets to match long-term liabilities. They argue that measuring the day-to-day fluctuations in those assets through a capital regime would create harmful volatil..."

"An international regulatory regime, I believe, should not dictate how U.S. regulators supervise American or U.S.-based companies."

"It would be unfortunate, I believe, if the Fed uses the QIS process solely to buy time for international insurance capital standards."