Susan Collins actually said...

"the Bank Capital Framework was not designed to, and does not, take into account the critically significant differences between the business of banking and the business of insurance."

"We must not take action that would diminish the taxpayer protections that provided the motivation for my writing the Collins amendment."

"It was not the intent of Congress to supplant prudential State-based insurance regulation with a bank-centric capital regime."

"the legislation previously proposed by Senators Brown and Johanns, and today by Senator Collins, represents a sound basis for moving forward."