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Bills
House Bill 3762
115th Congress(2017-2018)
International Insurance Standards Act of 2017
Introduced
Introduced
Introduced in House on Sep 13, 2017
Overview
Text
Sponsor
Republican
Introduced
Sep 13, 2017
Latest Action
Sep 13, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3762
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Sean Duffy
Wisconsin
Democrat
Brad Sherman
California
Republican
Dennis Ross
Florida
Republican
Ted Budd
North Carolina
Democrat
Denny Heck
Washington
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

International Insurance Standards Act of 2017

This bill prohibits parties representing the federal government in an international insurance agreement from agreeing to any standard inconsistent with existing federal and state laws. The parties must coordinate with state insurance regulators. Congress has the power to review and disapprove by joint resolution any such agreement.

The bill amends the Federal Insurance Office Act of 2010 to modify requirements for a covered international agreement entered into by the Department of the Treasury's Federal Insurance Office. Such an agreement must not include new prudential requirements for insurers and must only apply on a prospective basis. Congress has the power to review and disapprove by joint resolution any covered agreement.

Text (1)
Introduced in House
September 13, 2017
Related Bills (1)
Jul 10, 2018
Passed House
13
Sponsorship
House Bill 4537
International Insurance Standards Act of 2018
Active
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (2)
09/13/2017
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.
09/13/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:38:43 PM
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