On behalf of the National Association of Insurance Commissioners (NAIC)1, we applaud the leadership of Chairman Luetkemeyer and Congressman Heck in proposing legislative solutions that seek to help ensure that international insurance standards comport with our domestic insurance regulatory system, are beneficial to U.S. policyholders and insurance companies, and are developed with the direct involvement of state insurance regulators and the NAIC. Based on constructive discussions to clarify certain provisions, we are prepared to support H.R. 5143, the Transparent Insurance Standards Act of 2016, as amended by the proposed manager's amendment, and we would welcome the incorporation of aspects of Congressman Heck's proposed amendment to help facilitate a bipartisan approach to address this important issue.