Political Quotes

“I ask unanimous consent that the amendment be considered as read. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To allow States to opt-out of participation in the National Association of Registered Agents and Brokers) At the end of section 330 of subtitle C of title III of the Gramm-Leach-Bliley Act, as added by section 202(a), insert the following: ``(c) State Opt-out-rights.-- ``(1) In general.--Any State, as described in section 333(9)(A), may elect not to participate in the Association, and insurance producers doing business in that State shall be subject to all otherwise applicable insurance-related laws, rules, and regulations of that State. ``(2) Procedure.--A State, as described in section 333(9)(A), that elects not to participate in the Association under paragraph (1) shall do so by enacting legislation indicating such election. ``(3) Effective date of opt-out.-- ``(A) In general.--Except as provided in subparagraph (B), the effective date of an election by a State, as described in section 333(9)(A), not to participate in the Association under paragraph (1) is 2 years after the date on which the State enacts legislation under paragraph (2).…”