On the recordApril 28, 2015
Can you point to me the law that empowers any United States Federal agency at the Federal level to regulate a non-SIFI, non-bank-owning insurance company?
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congress.govCan you point to me the law that empowers any United States Federal agency at the Federal level to regulate a non-SIFI, non-bank-owning insurance company?
Capuano challenges the existence of legal authority for regulating certain insurance companies.
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I am just curious, because it strikes me, if the President says for day, after day, after day on T.V. that he doesn't have the authority and then now he does.
I think we are the laggards in this, I was speaking for the United States and our financial system.
I am particularly opposed to this bill because in New York State, we have a powerful securities fraud law, called the Martin Act.