Sherrod Brown actually said...

"Transferring credit risk away from the Government and into the private sector is essential to protect taxpayers."

"We should fight to maintain it, including by rejecting efforts to impose the Solvency II accord, Europe's insurance capital rules, on our insurers."

"It also establishes certainty about when U.S. standards will qualify as equivalent under Solvency II for U.S. insurers."

"This agreement offers U.S. and EU reinsurers alike relief from both requirements to have a local presence and local collateral."