US HB4537 | 2017-2018 | 115th Congress

Status

Spectrum: Moderate Partisan Bill (Republican 10-3)
Status: Engrossed on July 11 2018 - 50% progression
Action: 2018-07-11 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Summary

International Insurance Standards Act of 2018 (Sec. 3) This bill prohibits parties representing the federal government in an international insurance agreement from agreeing to any standard unless it recognizes the existing U.S. system of regulation as satisfying that standard. (Sec. 4) In developing international insurance standards, the parties must coordinate with state insurance regulators. (Sec. 5) Parties representing the United States in such proceedings must consult with and notify Congress regarding the intention to participate in the negotiations, the nature and objectives of the negotiations, and the details of the agreement. (Sec. 6) Before entering into any agreement, the parties must report to Congress regarding the implementation and impact of the agreement. (Sec. 7) The bill amends the Federal Insurance Office Act of 2010 to modify requirements for an international agreement entered into by the Department of the Treasury's Federal Insurance Office. Such an agreement must only apply on a prospective basis. In developing an agreement, the parties must coordinate with state insurance regulators. Congress has the power to review and disapprove by joint resolution any agreement.

Tracking Information

Register now for our free OneVote public service or GAITS Professional trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

International Insurance Standards Act of 2018

Sponsors


History

DateChamberAction
2018-07-11SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2018-07-10HouseMotion to reconsider laid on the table Agreed to without objection.
2018-07-10HouseOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6007-6008)
2018-07-10HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 4537.
2018-07-10HouseConsidered under suspension of the rules. (consideration: CR H6007-6010)
2018-07-10HouseMr. Huizenga moved to suspend the rules and pass the bill, as amended.
2018-07-03HousePlaced on the Union Calendar, Calendar No. 623.
2018-07-03HouseCommittee on Rules discharged.
2018-07-03HouseReported (Amended) by the Committee on Financial Services. H. Rept. 115-804, Part I.
2017-12-13HouseOrdered to be Reported (Amended) by the Yeas and Nays: 56 - 4.
2017-12-13HouseCommittee Consideration and Mark-up Session Held.
2017-12-12HouseCommittee Consideration and Mark-up Session Held.
2017-12-04HouseReferred 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.
2017-12-04HouseReferred 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.
2017-12-04HouseIntroduced in House

Same As/Similar To

HB3762 (Related) 2017-09-13 - 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.
SB488 (Related) 2018-07-18 - Message on House action received in Senate and at desk: House amendments to Senate bill.

Subjects


US Congress State Sources


Bill Comments

feedback