Political Quotes

Jeanne Shaheen: “I also understand that the intent of this section is not to create any inference that minimum capital requirements are…”

On the recordJuly 15, 2010
I also understand that the intent of this section is not to create any inference that minimum capital requirements are the appropriate standard or safeguard for the council to recommend to be applied to any nonbank financial company that is not subject to supervision by the Federal Reserve under title I of this legislation, with respect to any activity subject to section 120. Rather, the council should have full discretion not to recommend the application of capital requirements to any such nonbank financial company engaged in any such activity.
Said by
Jeanne Shaheen
Democratic · New Hampshire
Source
govinfo.gov
Jul 15, 2010

Editor's note · Context

Senator Shaheen discusses capital requirements for nonbank financial companies.

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