Putting layers of diversified private capital in a first loss position will help ensure more accurate pricing of risk.
Editor's note · Context
Hensarling advocates for private capital involvement to improve risk pricing.
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If we ignore that basic fact, we are willfully disregarding history, and we are bound to repeat history.
I am pleased to yield 3 minutes the gentleman from North Carolina (Mr. Pittenger), the vice chairman of the Terrorism and Illicit Finance Subcommittee and the author of the FIRRMA bill before us.
I am now very pleased to yield 2 minutes to the gentleman from Louisiana (Mr. Scalise), the majority whip.
I certainly thank the gentleman for his comments tonight. I hope that there are a fair amount of Americans who are watching this this evening, because they need to know that they owe this gentleman, Mr. Pittenger of North Carolina, a great…





