Susan Collins actually said...

As I have publicly and repeatedly stressed, Section 171 does not direct the regulators to apply bank-centric capital standards to insurance ...

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

I do not agree that the Fed lacks this authority and find its disregard of my clear intent, as the author of Section 171, to be frustrating.

I want to emphasize my belief that the Federal Reserve is able to take into account and should take into account the differences between ins...