H.R. 4592 · 116th Congress
International Insurance Standards Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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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. In developing international insurance standards, the parties must coordinate with state insurance regulators.
What it does: CRS summary · Introduced in House · Oct 1, 2019
International Insurance Standards Act of 2019
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. In developing international insurance standards, the parties must coordinate with state insurance regulators.
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. Before entering into any agreement, the parties must report to Congress regarding the implementation and impact of the agreement.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: International Insurance Standards Act of 2019
Latest action (Oct 1, 2019): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Oct 1, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.