Political Quotes

“I ask unanimous consent to temporarily set aside the pending amendment so I may call up my amendment 3551, which is at the desk. The PRESIDING OFFICER. Without objection, it is so ordered. The clerk will report the amendment. The legislative clerk read as follows: The Senator from Arizona [Mr. Flake] proposes an amendment numbered 3551. The amendment is as follows: (Purpose: To establish the Advisory Committee on Risk-Sharing Mechanisms) On page 13, after line 22, insert the following: SEC. 8. ADVISORY COMMITTEE ON RISK-SHARING MECHANISMS. (a) Finding; Rule of Construction.-- (1) Finding.--Congress finds that it is desirable to encourage the growth of nongovernmental, private market reinsurance capacity for protection against losses arising from acts of terrorism. (2) Rule of construction.--Nothing in this Act, any amendment made by this Act, or the Terrorism Risk Insurance Act of 2002 (15 U.S.C. 6701 note) shall prohibit insurers from developing risk-sharing mechanisms to voluntarily reinsure terrorism losses between and among themselves. (b) Advisory Committee on Risk-Sharing Mechanisms.-- (1) Establishment.--The Secretary of the Treasury shall establish and appoint an advisory committee to be known as the ``Advisory Committee on Risk-Sharing Mechanisms'' (referred to in this subsection as the ``Advisory Committee'').…”