03/17/2021
https://congress.gov...
"When you look at a lot of investors that are utilizing asset managers to invest in retirement funds and college education funds, it almost becomes a cost prohibition to have this designation."
"And so, I have some proposed legislation that has some bipartisan support that I will be filing here shortly."
"And they should take that into consideration."
"But understanding the impact that it could have on our domestic insurance market if we have to impose upon them international standards, which we had a chance to preempt, had we had a little bit more ..."