Political Quotes

Susan Collins: “It was not Congress's intent that Federal regulators supplant prudential State-based insurance regulation with a…”

On the recordNovember 25, 2012
It was not Congress's intent that Federal regulators supplant prudential State-based insurance regulation with a bank-centric capital regime . . . [C]onsideration should be given to the distinction between banks and insurance companies . . . I believe it is consistent with my amendment that these distinctions be recognized in the final rules.
Said by
Susan Collins
Republican · Maine

Editor's note · Context

Susan Collins emphasizes the need for distinct regulations for banks and insurance companies.

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