HR 605
113th Congress
House
Finance and Financial Sector
Administrative law and regulatory procedures
Bankruptcy
Federal Deposit Insurance Corporation (FDIC)
Insurance industry and regulation
Insurance Consumer Protection and Solvency Act of 2013
Introduced: February 8, 2013
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2014
Hearings Held by the Subcommittee on Housing and Insurance Prior to Referral.
Feb 8, 2013
Referred to the House Committee on Financial Services.
Feb 8, 2013
Introduced in House
Plain-English summary
Insurance Consumer Protection and Solvency Act of 2013 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to exclude an insurance company from the definition of a "financial company" for purposes of such Act (thus removing an insurance company from the purview of the Act).
Removes from the Federal Deposit Insurance Corporation (FDIC) the authority to place insurance companies into orderly liquidation.
Excludes from the definition of "eligible financial company" for purposes of risk-based assessments an insurance company subject to assessment under state law to cover the costs of state insolvency proceeding regarding an insurance company.
What's happening now
Hearings Held by the Subcommittee on Housing and Insurance Prior to Referral.
Committees of jurisdiction
2
Cosponsors
1