State Insurance Regulation Preservation Act
USA115th CongressHR-5059| House
| Updated: 9/17/2018
Keith J. Rothfus
Republican Representative
Pennsylvania
Cosponsors (4)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
State Insurance Regulation Preservation Act This bill amends the Home Owners' Loan Act to limit the applicability of reporting and filing requirements for insurance savings and loan holding companies (ISLHCs). Such holding companies shall also be exempt from requirements relating to examination and supervision by the Federal Reserve Board (FRB) if they meet certain state and federal capital requirements. Certain FRB regulations as applied to ISLHCs must be tailored to the insurance business and applicable state insurance requirements.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR E194)
Ordered to be Reported (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 728.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-937.
Mr. Rothfus moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H8124-8127)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5059.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H8124-8125)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8124-8125)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness recordsCorporate finance and managementGovernment information and archivesInsurance industry and regulation
State Insurance Regulation Preservation Act
USA115th CongressHR-5059| House
| Updated: 9/17/2018
State Insurance Regulation Preservation Act This bill amends the Home Owners' Loan Act to limit the applicability of reporting and filing requirements for insurance savings and loan holding companies (ISLHCs). Such holding companies shall also be exempt from requirements relating to examination and supervision by the Federal Reserve Board (FRB) if they meet certain state and federal capital requirements. Certain FRB regulations as applied to ISLHCs must be tailored to the insurance business and applicable state insurance requirements.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR E194)
Ordered to be Reported (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 728.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-937.
Mr. Rothfus moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H8124-8127)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5059.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H8124-8125)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8124-8125)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Keith J. Rothfus
Republican Representative
Pennsylvania
Cosponsors (4)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness recordsCorporate finance and managementGovernment information and archivesInsurance industry and regulation