US Congress House Bill 605 (Prior Session Legislation)

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Sponsorship: Slight Partisan Bill (Republican 2-1)
Status: Introduced on February 8 2013 - 25% progression, died in chamber
Action: 2014-05-20 - Hearings Held by the Subcommittee on Housing and Insurance Prior to Referral.
Text: Latest bill text (Introduced) [PDF]

Insurance Consumer Protection and Solvency Act of 2013 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to exclude an insurance company from the definition of a "financial company" for purposes of such Act (thus removing an insurance company from the purview of the Act). Removes from the Federal Deposit Insurance Corporation (FDIC) the authority to place insurance companies into orderly liquidation. Excludes from the definition of "eligible financial company" for purposes of risk-based assessments an insurance company subject to assessment under state law to cover the costs of state insolvency proceeding regarding an insurance company.

Insurance Consumer Protection and Solvency Act of 2013

Rep. Bill Posey [R-FL]

Sen. Kyrsten Sinema [I-AZ]

Rep. Ann Wagner [R-MO]

Date	Chamber	Action
2014-05-20	House	Hearings Held by the Subcommittee on Housing and Insurance Prior to Referral.
2013-02-08	House	Referred to the House Committee on Financial Services.

HB3194 (Related) 2013-10-15 - Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/605/all-info
Text	https://www.congress.gov/113/bills/hr605/BILLS-113hr605ih.pdf