Joyce Beatty: “In closing, I would simply like to say, again, thank you to my colleagues on the other side of the aisle, and I want to…”

“In closing, I would simply like to say, again, thank you to my colleagues on the other side of the aisle, and I want to thank all the members who helped us get this bill to this point and reiterate that this bill does not--does not--remove insurance savings and loan companies from Federal regulation. Insurance savings and loan holding companies will still be regulated by several Federal Government agencies, including the Federal Reserve. This bill simply seeks to require the Federal Reserve to tailor their bank-centric regulations to the business of insurance and to coordinate supervision and examination of these companies with their State counterparts to avoid unnecessary, duplicative, and overly burdensome regulation. Mr. Speaker, I yield back the balance of my time.”