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Members of the Senate Banking Committee and a property and casualty trade group took issue Wednesday with new international capital standards that U.S. regulators are considering for regulating systemically significant insurance companies as well as insurers that operate savings and loans.

Sen. Tim Johnson, D-S.D., speaking at a hearing, voiced concern about the rules regulators will use to implement international capital drafted by the Basel Committee on Banking Supervision. Other senators on the committee echoed Johnson’s concerns.

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