US Congress Senate Bill 798 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 7-1)
Status: Introduced on March 19 2015 - 25% progression, died in chamber
Action: 2015-04-30 - Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held.
Text: Latest bill text (Introduced) [PDF]

Policyholder Protection Act of 2015 Amends the Federal Deposit Insurance Act to declare that any regulation, order, or other action of the Board of Governors of the Federal Reserve System that requires a bank holding company to provide funds or other assets to a subsidiary depository institution shall not be effective nor enforceable with respect to an entity that is a savings and loan holding company that is also an insurance company, an affiliate of an insured depository institution that is an insurance company, or any other company that is an insurance company and that directly or indirectly controls an insured depository institution if: (1) such funds or assets are to be provided by the entity, and (2) the state insurance authority for the insurance company determines that such an action would have a materially adverse effect on the entity's financial condition.

Policyholder Protection Act of 2015

Sen. David Vitter [R-LA]	Sen. Jon Tester [D-MT]	Sen. Dean Heller [R-NV]	Sen. Susan Collins [R-ME]
Sen. Mike Rounds [R-SD]	Sen. Steve Daines [R-MT]	Sen. Jeff Sessions [R-AL]	Sen. Rob Portman [R-OH]

Date	Chamber	Action
2015-04-30	Senate	Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held.
2015-03-19	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB1478 (Same As) 2015-11-17 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HB2029 (Related) 2015-12-18 - Became Public Law No: 114-113. (TXT | PDF)

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/798/all-info
Text	https://www.congress.gov/114/bills/s798/BILLS-114s798is.pdf