There is a lot of centralization of regulations at the federal level here.

Whether it’s good or not turns on one bit of information, and I’m not sure if it’s available yet.

If the regulations say that it in no way preempts stricter state regulation, it’s good. If it preempts stricter state regulation, it’s bad.

Because going to a single preemptive regulator is an invitation to regulatory capture that will make AIG look like a lemonade stand.