07/09/2014
https://congress.gov...
"I would like to know where do you believe that you get this authority from to be able to designate an insurance company a SIFI?"
"It is bothersome to me that it appears that you are taking the position of the White House."
"And I will point out to our ranking member that what motivates me--and I think my fellow Members--is making sure that the Federal Reserve is doing its job properly."
"I urged Director DeMarco to make sure that any such regulations met a test of producing a fair and open marketplace for providers of LPI and for, more importantly, even the consumers."