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Holocaust Insurance Accountability Act of 2008

Introduced: March 28, 2007 See on congress.gov

Everywhere this bill has been 26 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Oct 3, 2008

House Committee on Judiciary Granted an extension for further consideration ending not later than Jan. 3, 2009.

Oct 3, 2008

House Committee on Oversight and Government Granted an extension for further consideration ending not later than Jan. 3, 2009.

Oct 3, 2008

House Committee on Foreign Affairs Granted an extension for further consideration ending not later than Jan. 3, 2009.

Oct 2, 2008

House Committee on Foreign Affairs Granted an extension for further consideration ending not later than Oct. 3, 2008.

Oct 2, 2008

House Committee on Judiciary Granted an extension for further consideration ending not later than Oct. 3, 2008.

Oct 2, 2008

House Committee on Oversight and Government Granted an extension for further consideration ending not later than Oct. 3, 2008.

Sep 29, 2008

House Committee on Oversight and Government Granted an extension for further consideration ending not later than Oct. 2, 2008.

Sep 29, 2008

House Committee on Judiciary Granted an extension for further consideration ending not later than Oct. 2, 2008.

Sep 29, 2008

House Committee on Foreign Affairs Granted an extension for further consideration ending not later than Oct. 2, 2008.

Sep 28, 2008

House Committee on Oversight and Government Granted an extension for further consideration ending not later than Sept. 29, 2008.

Sep 28, 2008

House Committee on Judiciary Granted an extension for further consideration ending not later than Sept. 29, 2008.

Sep 28, 2008

House Committee on Foreign Affairs Granted an extension for further consideration ending not later than Sept. 29, 2008.

Sep 26, 2008

House Committee on Judiciary Granted an extension for further consideration ending not later than Sept. 28, 2008.

Sep 26, 2008

House Committee on Oversight and Government Granted an extension for further consideration ending not later than Sept. 28, 2008.

Sep 26, 2008

House Committee on Foreign Affairs Granted an extension for further consideration ending not later than Sept. 28, 2008.

Aug 1, 2008

Referred sequentially to the House Committee on the Judiciary for a period ending not later than Sept. 26, 2008 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(k), rule X.

Aug 1, 2008

House Committee on Oversight and Government Granted an extension for further consideration ending not later than Sept. 26, 2008.

Aug 1, 2008

House Committee on Foreign Affairs Granted an extension for further consideration ending not later than Sept. 26, 2008.

Aug 1, 2008

Reported (Amended) by the Committee on Financial Services. H. Rept. 110-820, Part I.

Jun 25, 2008

Ordered to be Reported (Amended) by Voice Vote.

Jun 25, 2008

Committee Consideration and Mark-up Session Held.

Feb 7, 2008

Committee Hearings Held.

Oct 23, 2007

Ordered to be Reported in the Nature of a Substitute by Unanimous Consent.

Oct 23, 2007

Committee Consideration and Mark-up Session Held.

Mar 28, 2007

Referred to the Committee on Financial Services, and in addition to the Committees on Foreign Affairs, and Oversight and Government Reform, 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.

Mar 28, 2007

Introduced in House

Plain-English summary Congressional Research Service

Holocaust Insurance Accountability Act of 2008 - (Sec. 3) Requires insurers of Holocaust-era policies to: (1) respond within 90 days to written inquiries from eligible persons regarding such polices; (2) provide to such persons all information in the possession of such insurer regarding whether such person is a potential beneficiary; and (3) notify the Holocaust Claims Processing Office (HCPO) immediately in writing of the inquiry, with a copy of all acknowledgments and information provided to such eligible person.

Terminates such requirement 10 years after enactment of this Act.

Instructs the Secretary of State to: (1) seek to enter into an agreement with each European country with which no appropriate agreement exists to facilitate such response requirements; and (2) report annually to Congress on implementation of this Act.

(Sec. 4) Authorizes the Secretary of the Treasury (Secretary) to enter into an agreement with the HCPO to: (1) monitor compliance with requirements of this Act; (2) notify the Secretary of the identity of any insurer not complying with this Act within 30 days after the failure to comply; and (3) notify the certain congressional committees annually, including the Secretary and the Secretary of State, of the identity of each non-compliant insurer.

Provides for the transfer of specified funds to the HCPO to implement its monitoring functions.

(Sec. 5) Instructs the Secretary to assess a civil penalty of not less than $5,000 for each day that an insurer fails to comply with the requirements of this Act.

Authorizes the Secretary to seek to attach a lien on any payment from a U.S. domiciliary subsidiary of any insurer based outside the United States from which the Secretary is unable to collect a penalty.

(Sec. 6) Sets forth a federal cause of action for any claim against an insurer arising out of or related to a covered policy.

(Sec. 7) Expresses the sense of Congress that claimants have the right to opt out of new or ongoing class action proceedings relating to claims based on Holocaust-era insurance policies.

(Sec. 8) Directs the Secretary to instruct the U.S. Executive Director at the European Bank for Reconstruction and Development to use the voice and vote of the United States to create and advocate the policies of the Bank to encourage Eastern European countries to engage in and pursue restitution programs in compliance with this Act.

What's happening now October 3, 2008

House Committee on Judiciary Granted an extension for further consideration ending not later than Jan. 3, 2009.

Committees of jurisdiction 4