HR 3408 · 107th Congress · Finance and Financial Sector
Comprehensive Holocaust Accountability in Insurance Measure
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.(2001-12-17)
Plain Language Summary
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Comprehensive Holocaust Accountability in Insurance Measure - Prohibits certain foreign insurance companies from conducting business in the United States, or with a U.S. bank, unless such companies disclose to the Attorney General the name of any listed Holocaust victim with whom such companies had any financial dealing. Instructs the Attorney General to: (1) designate an office in the Department of Justice to manage such disclosures; (2) obtain from both the International Commission on Holocaust Era Insurance Claims and from such foreign insurance companies information regarding any outstanding requests that is necessary to implement this Act; (3) notify victims of the requirements of this Act; (4) submit requests on behalf of beneficiaries; and (5) grant beneficiaries the option of waiving their rights to such request. Authorizes the Attorney General to prohibit a non-complying insurance company from conducting business in the United States (including participation in any aspect of the payment system within the jurisdiction of the United States or conducting business with a U.S. bank). Provides for civil actions to enforce this Act. Amends the Federal Deposit Insurance Act to pro…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (2)
1 Democrat1 Republican