State Insurance Regulation Preservation Act This bill provides for the registration of insurance savings and loan holding companies. Certain Federal Reserve Board (FRB) regulations as applied to these companies must be tailored to the insurance business and applicable state insurance requirements. The bill generally excludes assets attributable to the business of insurance for the purpose of calculating whether these companies are subject to certain FRB assessments and fees.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
Administrative law and regulatory proceduresBanking and financial institutions regulationBusiness recordsCorporate finance and managementFederal Reserve SystemInsurance industry and regulationLicensing and registrations
State Insurance Regulation Preservation Act
USA116th CongressS-3123| Senate
| Updated: 12/19/2019
State Insurance Regulation Preservation Act This bill provides for the registration of insurance savings and loan holding companies. Certain Federal Reserve Board (FRB) regulations as applied to these companies must be tailored to the insurance business and applicable state insurance requirements. The bill generally excludes assets attributable to the business of insurance for the purpose of calculating whether these companies are subject to certain FRB assessments and fees.
Administrative law and regulatory proceduresBanking and financial institutions regulationBusiness recordsCorporate finance and managementFederal Reserve SystemInsurance industry and regulationLicensing and registrations