Sherrod Brown actually said...

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

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

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

U.S.-EU unity is critical if multilateral sanctions on Russia are to continue to be effective.