Political Quotes

“I ask unanimous consent that the Collins substitute amendment be agreed to; the bill, as amended, be read a third time and passed; and the motion to reconsider be considered made and laid upon the table. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment (No. 3229), in the nature of a substitute, was agreed to, as follows: (Purpose: In the nature of a substitute) Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the ``Insurance Capital Standards Clarification Act of 2014''. SEC. 2. CLARIFICATION OF APPLICATION OF LEVERAGE AND RISK- BASED CAPITAL REQUIREMENTS. Section 171 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5371) is amended-- (1) in subsection (a), by adding at the end the following: ``(4) Business of insurance.--The term `business of insurance' has the same meaning as in section 1002(3). ``(5) Person regulated by a state insurance regulator.--The term `person regulated by a State insurance regulator' has the same meaning as in section 1002(22).…”