This is brought before us as a contest between the insurance agents and the banks. The truth of the matter is, of course, even if we could define the word insurance, which is, of course, itself a monumental task today, we would not, in essence, limit. In fact, the States will continue to be able to bribe State institutions with that particular power. And so the issue here goes well beyond, in fact, in terms of limiting the very activities that the Comptroller has to be able to accomplish. I understand the frustration, but this is the wrong answer. This amendment should be defeated.
Bruce F. Vento: “This is brought before us as a contest between the insurance agents and the banks. The truth of the matter is, of…”
Editor's note · Context
Debating an amendment related to insurance and banking regulations.
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