Susan Collins actually said...

My legislation would add language to Section 171 to clarify that in establishing minimum capital requirements for holding companies on a con...

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.