Again, Mr. Chairman, thank you for having this hearing. I think this is one of many hearings we are going to have on how the whole Federal involvement, whatever limited involvement or whatever it might be relative to insurance regulation, it is an important issue.
Capuano emphasizes the significance of the hearing on federal insurance regulation.
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I also want to state that, from what I see, there has been a lot of progress made.
The fact is China launched this trade war against us in the year 2000, right after two-thirds of Democrats voted against giving China most favored nation status.
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