S 3123
116th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Banking and financial institutions regulation
Business records
Corporate finance and management
Federal Reserve System
Insurance industry and regulation
Licensing and registrations
State Insurance Regulation Preservation Act
Introduced: December 19, 2019
Introduced by:
Tillis, Thomas
Republican
· North Carolina
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 19, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 19, 2019
Introduced in Senate
Plain-English summary
State Insurance Regulation Preservation Act
This bill provides for the registration of insurance savings and loan holding companies. Certain Federal Reserve Board (FRB) regulations as applied to these companies must be tailored to the insurance business and applicable state insurance requirements.
The bill generally excludes assets attributable to the business of insurance for the purpose of calculating whether these companies are subject to certain FRB assessments and fees.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1