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HR 4537 115th Congress House Finance and Financial Sector Congressional oversight Insurance industry and regulation Legislative rules and procedure State and local government operations Trade agreements and negotiations

International Insurance Standards Act of 2018

Introduced: December 4, 2017 See on congress.gov
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 Everywhere this bill has been 15 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 11, 2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 10, 2018
Motion to reconsider laid on the table Agreed to without objection.
Jul 10, 2018
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6007-6008)
Jul 10, 2018
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6007-6008)
Jul 10, 2018
DEBATE - The House proceeded with forty minutes of debate on H.R. 4537.
Jul 10, 2018
Considered under suspension of the rules. (consideration: CR H6007-6010)
Jul 10, 2018
Mr. Huizenga moved to suspend the rules and pass the bill, as amended.
Jul 3, 2018
Placed on the Union Calendar, Calendar No. 623.
Jul 3, 2018
Committee on Rules discharged.
Jul 3, 2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-804, Part I.
Dec 13, 2017
Ordered to be Reported (Amended) by the Yeas and Nays: 56 - 4.
Dec 13, 2017
Committee Consideration and Mark-up Session Held.
Dec 12, 2017
Committee Consideration and Mark-up Session Held.
Dec 4, 2017
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.
Dec 4, 2017
Introduced in House
 Plain-English summary Congressional Research Service

International Insurance Standards Act of 2018

(Sec. 3) This bill prohibits parties representing the federal government in an international insurance agreement from agreeing to any standard unless it recognizes the existing U.S. system of regulation as satisfying that standard.

(Sec. 4) In developing international insurance standards, the parties must coordinate with state insurance regulators.

(Sec. 5) Parties representing the United States in such proceedings must consult with and notify Congress regarding the intention to participate in the negotiations, the nature and objectives of the negotiations, and the details of the agreement.

(Sec. 6) Before entering into any agreement, the parties must report to Congress regarding the implementation and impact of the agreement.

(Sec. 7) The bill amends the Federal Insurance Office Act of 2010 to modify requirements for an international agreement entered into by the Department of the Treasury's Federal Insurance Office. Such an agreement must only apply on a prospective basis. In developing an agreement, the parties must coordinate with state insurance regulators. Congress has the power to review and disapprove by joint resolution any agreement.

What's happening now July 11, 2018

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 3
 Cosponsors 4
All 4 Democratic 1 Republican 3