H.R. 6436 · 114th Congress
U.S. Insurance Regulation Works Act of 2016
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
7 cosponsors · 7 D
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires parties representing the federal government on international insurance regulatory proposals to ensure that any proposals they assent to:
What it does: CRS summary · Introduced in House · Dec 5, 2016
U.S. Insurance Regulation Works Act of 2016
This bill requires parties representing the federal government on international insurance regulatory proposals to ensure that any proposals they assent to:
- are consistent with, and reflective of, existing federal and state insurance laws and regulations, including the primacy of policyholder protection in solvency regulation; and
- recognize existing federal and state laws and regulations as satisfying such proposals.
Federal government representatives must consult with, and seek to include, state insurance commissioners in meetings of any international regulatory, standard-setting, or supervisory forum or in any negotiations of international agreements relating to insurance.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: U.S. Insurance Regulation Works Act of 2016
Latest action (Dec 5, 2016): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Dec 5, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.