"It's like going to the doctor, you are sick, but we are not going to tell you why you are sick or how you got sick or how you can get better, but we will let you know when you are dead. It's the same way with SIFI designation."
"The consumers are."
"And I guess my point is, is this not, this action by the FSOC of designating these three insurance companies, is it not an indictment of the State-regulated base form of insurance regulation that we h..."
"Ultimately, the staff report verifies what we have already known: that Washington simply is unable to accurately identify and define systemic risk."
"I am a small-business person and I understand every bit of that."
"And since Dodd-Frank, your hands have been tied, have they not?"
"But my concern is that if the consumer demand is there, which it is, in fact, it is probably there more now than it has been in the last 8 years, and yet where are the consumers going to go?"
"It is my understanding that the number of community banks that now exist is at the lowest number since prior to the Great Depression in 1928."
"Would it not be appropriate to get this put into law sooner than the expiration of the National Flood Insurance Program at the end of September?"
"As we continue our efforts to reauthorize and reform the National Flood Insurance Program before September 30, 2017, we have a lot on our plate."
"Which is why we call it insurance, because it is risk management and not relief, which is what I think a lot of people expect when they pay subsidized policies, is relief instead of insurance."