Susan Collins actually said...
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.
Context
Susan Collins emphasizes the need for distinct regulations for banks and insurance companies.
11/25/2012