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To preserve the State-based system of insurance regulation and provide greater oversight of and transparency on international insurance standards setting processes, and for other purposes.

USA115th CongressHR-3762| House 
| Updated: 9/13/2017
Sean P. Duffy

Sean P. Duffy

Republican Representative

Wisconsin

Cosponsors (4)
Brad Sherman (Democratic)Denny Heck (Democratic)Dennis A. Ross (Republican)Ted Budd (Republican)

Rules Committee, Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
International Insurance Standards Act of 2017 This bill prohibits parties representing the federal government in an international insurance agreement from agreeing to any standard inconsistent with existing federal and state laws. The parties must coordinate with state insurance regulators. Congress has the power to review and disapprove by joint resolution any such agreement. The bill amends the Federal Insurance Office Act of 2010 to modify requirements for a covered international agreement entered into by the Department of the Treasury's Federal Insurance Office. Such an agreement must not include new prudential requirements for insurers and must only apply on a prospective basis. Congress has the power to review and disapprove by joint resolution any covered agreement.
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Timeline
Sep 13, 2017
Introduced in House
Sep 13, 2017
Referred to the Committee on Financial Services, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • September 13, 2017
    Introduced in House


  • September 13, 2017
    Referred to the Committee on Financial Services, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Finance and Financial Sector

Related Bills

  • HR 115-4537: International Insurance Standards Act of 2018
Congressional oversightInsurance industry and regulationLegislative rules and procedureState and local government operationsTrade agreements and negotiations

To preserve the State-based system of insurance regulation and provide greater oversight of and transparency on international insurance standards setting processes, and for other purposes.

USA115th CongressHR-3762| House 
| Updated: 9/13/2017
International Insurance Standards Act of 2017 This bill prohibits parties representing the federal government in an international insurance agreement from agreeing to any standard inconsistent with existing federal and state laws. The parties must coordinate with state insurance regulators. Congress has the power to review and disapprove by joint resolution any such agreement. The bill amends the Federal Insurance Office Act of 2010 to modify requirements for a covered international agreement entered into by the Department of the Treasury's Federal Insurance Office. Such an agreement must not include new prudential requirements for insurers and must only apply on a prospective basis. Congress has the power to review and disapprove by joint resolution any covered agreement.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 13, 2017
Introduced in House
Sep 13, 2017
Referred to the Committee on Financial Services, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • September 13, 2017
    Introduced in House


  • September 13, 2017
    Referred to the Committee on Financial Services, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sean P. Duffy

Sean P. Duffy

Republican Representative

Wisconsin

Cosponsors (4)
Brad Sherman (Democratic)Denny Heck (Democratic)Dennis A. Ross (Republican)Ted Budd (Republican)

Rules Committee, Financial Services Committee

Finance and Financial Sector

Related Bills

  • HR 115-4537: International Insurance Standards Act of 2018
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Congressional oversightInsurance industry and regulationLegislative rules and procedureState and local government operationsTrade agreements and negotiations