I agree with New York's Banking Commissioner Ben Lawsky, who regulates some of the Nation's largest insurers, that applying bank capital standards to insurance is like trying to, as he said, 'fit a square peg in a round hole.'
Toomey supports Lawsky's view on the inapplicability of bank standards to insurance.
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Dependency on countries like China poses a huge economic risk and an unacceptable national security risk.
Last year, China conducted two hypersonic missile tests which the Chairman of the Joint Chiefs, General Mark Milley, described as being very close to a Sputnik moment for the United States.
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