12/05/2011
https://www.congress.gov...
"I will be anxious to see it, but it would still seem to me that, at least in this area on reinsurance, because of the national and international nature of reinsurance, that a national standard amongst..."
"But that again presupposes that you at the State level are going to better be able to assess that national or international reinsurer's ability to pay off that risk than a Federal regulator, doesn't i..."
"I want to go back to where Senator Corker was heading in trying to understand--I think I have got the frame of the challenge between the State versus the Federal regulation framing."
"the constitutional authority to deal with international trading partners in the E.U. or other parts of the world really lies with the Federal Government"