GARY G. MILLER: “I think Sarbanes-Oxley has probably resulted in avoiding a lot more HealthSouths and Enrons.”

I enjoyed your opening statement. You talked about empowering consumers, fair, transparent, and competitive marketplaces, and dealing with bad actors.

For the past century, and through multiple financial crises, the State-based insurance regulatory system in the United States has been successful and has protected policyholders.

If we are concerned about empowering consumers, we really should be concerned about their safety.

NAFCU believes that any relief efforts should not bifurcate the industry by asset size and would not support such an approach.