Susan Collins actually said...

I would strongly urge Congress to act to prevent a result that is so clearly unwarranted and potentially so damaging.

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

that, in the financial crisis, holding companies were a source of weakness, rather than strength, to their operating subsidiaries.

Consideration should be given to the distinctions between banks and insurance companies.