Given NAIC's inability to act in the 6 years since Congress made this a priority, I assume you now support Treasury negotiating a covered agreement on collateral and using this as leverage in the equivalence discussion?
Ed Royce: “Given NAIC's inability to act in the 6 years since Congress made this a priority, I assume you now support Treasury…”
On the recordFebruary 24, 2016
Source
congress.govEditor's note · Context
Royce questions the need for Treasury to negotiate a covered agreement due to NAIC's inaction.
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