US HB3762 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on September 13 2017 - 25% progression, died in committee
Action: 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.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 13 2017 - 25% progression, died in committee
Action: 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.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
International Insurance Standards Act of 2017 This bill prohibits parties representing the federal government in an international insurance agreement from agreeing to any standard inconsistent with existing federal and state laws. The parties must coordinate with state insurance regulators. Congress has the power to review and disapprove by joint resolution any such agreement. The bill amends the Federal Insurance Office Act of 2010 to modify requirements for a covered international agreement entered into by the Department of the Treasury's Federal Insurance Office. Such an agreement must not include new prudential requirements for insurers and must only apply on a prospective basis. Congress has the power to review and disapprove by joint resolution any covered agreement.
Title
International Insurance Standards Act of 2017
Sponsors
Rep. Sean Duffy [R-WI] | Rep. Denny Heck [D-WA] | Rep. Brad Sherman [D-CA] | Rep. Dennis Ross [R-FL] |
Sen. Ted Budd [R-NC] |
History
Date | Chamber | Action |
---|---|---|
2017-09-13 | House | 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. |
2017-09-13 | House | 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. |
2017-09-13 | House | Introduced in House |
Same As/Similar To
HB4537 (Related) 2018-07-11 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Congressional oversight
Finance and financial sector
Insurance industry and regulation
Legislative rules and procedure
State and local government operations
Trade agreements and negotiations
Finance and financial sector
Insurance industry and regulation
Legislative rules and procedure
State and local government operations
Trade agreements and negotiations
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/3762/all-info |
Text | https://www.congress.gov/115/bills/hr3762/BILLS-115hr3762ih.pdf |