US Congress House Bill 2141 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 18-0)
Status: Introduced on April 30 2015 - 25% progression, died in committee
Action: 2015-04-30 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

International Insurance Standards Transparency and Policyholder Protection Act of 2015 This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: (1) standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and (2) a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. U.S. representatives are prohibited from agreeing to, accepting or establishing , any international standard applicable to: insurers, capital standards, and rules designed for banks; any insurer that has not been designated a systemically important financial institution under U.S. law or a global systemically important insurer by the Financial Stability Oversight Council, capital standards and rules designed for systemically important bank or non-bank financial institutions, and any capital standard or rule governing U.S. insurance entities (except entities designated under the Dodd-Frank Wall Street Reform and Consumer Protection Act) unless it is designed solely to help ensure that sufficient funds are available to pay claims to an insurer's policyholders in the event of the entity's liquidation. The President must fulfill specified congressional consultation and public notice requirements with respect to any international insurance regulatory framework.

International Insurance Standards Transparency and Policyholder Protection Act of 2015

Rep. Sean Duffy [R-WI]	Rep. Randy Neugebauer [R-TX]	Rep. Lynn Westmoreland [R-GA]	Rep. Scott Garrett [R-NJ]
Rep. Bill Huizenga [R-MI]	Rep. Randy Hultgren [R-IL]	Rep. Mark Amodei [R-NV]	Rep. Vicky Hartzler [R-MO]
Rep. Reid Ribble [R-WI]	Rep. David Young [R-IA]	Rep. Stephen Fincher [R-TN]	Rep. Steve Stivers [R-OH]
Rep. Mark Walker [R-NC]	Rep. Ted Poe [R-TX]	Rep. David Jolly [R-FL]	Rep. Tom Emmer [R-MN]
Rep. Bill Posey [R-FL]	Rep. Alexander Mooney [R-WV]

Date	Chamber	Action
2015-04-30	House	Referred to the House Committee on Financial Services.
2015-04-30	House	Introduced in House

SB1804 (Related) 2015-07-21 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/2141/all-info
Text	https://www.congress.gov/114/bills/hr2141/BILLS-114hr2141ih.pdf