On the recordDecember 16, 2014
According to industry calculations, TRIA has made the industry $40 billion in the last 12 years. The American taxpayer takes all the risks, except for 35 percent, and the insurance industry makes the money. We had a compromise bill coming out of the banking committee. My objections were well known at that time. They were trying to be accommodated by Senator Schumer. With that, I must object to the bill. The PRESIDING OFFICER. Objection is heard. ____________________
