Sean Duffy: “I want to thank the chairman for his great bipartisan work on this package in S. 488, as well as the ranking member, Ms.…”

“I want to thank the chairman for his great bipartisan work on this package in S. 488, as well as the ranking member, Ms. Waters, for her bipartisanship. This is a package that takes the finer work, not just over the last 2 years, but work over the last 4 to 6 years of Chairman Hensarling's leadership, puts them together where we have had Democrat, Republican, House, and Senate agreement on into a package that can hopefully make our markets and our economy work better. I want to thank the chairman and the ranking member for including in this package our international insurance standards bill. This is a bill that was on the floor last week. It passed with a unanimous vote, which was fantastic. What we are trying to do is basically make sure that we maintain in international agreements our State-based model of insurance, that that doesn't get undermined. If we are going to undermine State-based insurance, it should come through this institution and not through an international agreement.”