Importantly, to spur pediatric device development and under the leadership of Senator Christopher Dodd...

Congress has helped, in a bipartisan way, in this fight against rare and neglected disease.

both of us will have to leave about 10:30 to go down to the White House for a signing ceremony.

We can't talk about rare diseases without talking about children.

I can't commend you enough for beginning the conversation.

if the American people and others feel that sense of trust and confidence in our financial system, that in itself will have its own reward.

I think even my views changed and were modified a bit as we went through the process.

I have a great deal of confidence it can be done, and I appreciate your response to Senator Bunning.

The Committee will come to order.

We are committed by the legislation and by our own approach, to requiring more capital of systemically critical firms.

I hope your assessment is correct.

I am very grateful to Senator Shaheen and Senator Snowe and others who supported their efforts to strengthen the role of our community banks that play such a critical role. As the Senator from New Hampshire pointed out, they were never a…

I thank my friend. We are about to wrap up this long journey, now going back a long ways. Let me mention a couple things. First of all, yesterday I included the names of the Senate Banking Committee staff who have made such a difference in…

The Senator from Massachusetts is correct. Size and involvement in providing credit or liquidity alone should not be determining factors. The Banking Committee intends that only a limited number of high-risk, nonbank financial companies…

I would like to clarify the intent behind one of the provisions in the conference report to accompany the financial reform bill, H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Section 204(d) contemplates…

let me again say to my great friend, we have served here a long time together, Senator Carl Levin of Michigan and I. He does a remarkable job as chairman of the Armed Services Committee and the Governmental Oversight Committee, which he…

Yes, I do not believe that the council should decide to designate an insurer simply based on whether the insurer would meet bank capital requirements.

I thank the Senator, and I strongly concur with the intentions and interpretations set forth by the principal authors of these provisions, Senators Merkley and Levin, as reflecting the legislative intent of the conference committee. I…

I urge my colleagues to waive the point of order. We came up with an alternative offset in the conference committee, much at the insistence--and I thanked him for that--of Senator Brown of Massachusetts, looking for a better offset than…

The council must consider a number of factors, including, for example, the extent of leverage, the extent and nature of off-balance-sheet exposures, and the nature, scope, size, scale, concentration, interconnectedness, and mix of the…

I thank Senator Merkley. I guess there are four new Members of the Senate serving on the Banking Committee. Senator Merkley, Senator Warner, Senator Tester, and Senator Bennet are all new Members of the Senate from their respective States…

I would be glad to clarify the nature of trust companies subject to the moratorium under section 603(a). The moratorium applies to an institution that is directly or indirectly owned or controlled by a commercial firm that functions solely…

Yes, that is correct. It is intended that a mutual insurance holding company organized and operating under State insurance laws should be considered an insurance company for the purpose of title II of this legislation. I thank the Senator…

I thank him for his work going back to 20-some-odd months ago when we were involved in the critical weeks and days in September and October. Judd Gregg was invaluable putting together a moment here while, not terribly popular, I think…

The conference report specifically cites the Barnett Bank of Marion County, N.A. v. Nelson, Florida Insurance Commissioner, 517 U.S. 25(1996) case. There should be no doubt that the legislation codifies the preemption standard stated by…