Political Quotes

“Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 1478) to provide for notice to, and input by, State insurance commissioners when requiring an insurance company to serve as a source of financial strength or when the Federal Deposit Insurance Corporation places a lien against an insurance company's assets, and for other purposes, as amended. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 1478 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Policyholder Protection Act of 2015''. SEC. 2. ENSURING THE PROTECTION OF INSURANCE POLICYHOLDERS. (a) Source of Strength.--Section 38A of the Federal Deposit Insurance Act (12 U.S.C. 1831o-1) is amended-- (1) by redesignating subsections (c), (d), and (e) as subsections (d), (e), and (f), respectively; and (2) by inserting after subsection (b) the following: ``(c) Authority of State Insurance Regulator.-- ``(1) In general.--The provisions of section 5(g) of the Bank Holding Company Act of 1956 (12 U.S.C.…”