HR 5059 · 115th Congress · Finance and Financial Sector
State Insurance Regulation Preservation Act
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2018-09-17)
Plain Language Summary
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State Insurance Regulation Preservation Act This bill amends the Home Owners' Loan Act to limit the applicability of reporting and filing requirements for insurance savings and loan holding companies (ISLHCs). Such holding companies shall also be exempt from requirements relating to examination and supervision by the Federal Reserve Board (FRB) if they meet certain state and federal capital requirements. Certain FRB regulations as applied to ISLHCs must be tailored to the insurance business and applicable state insurance requirements.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 5059, State Insurance Regulation Preservation Act
Sep 19, 2018As passed by the House of Representatives on September 12, 2018
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (4)
2 Democrats2 Republicans