H.R. 5059 · 115th Congress
State Insurance Regulation Preservation Act
- Stage
- Passed a chamber
- Sponsor
- Keith Rothfus
- Introduced
- 2018-02-15
- Latest action
- 2018-09-17 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
State Insurance Regulation Preservation Act
This bill amends the Home Owners' Loan Act to limit the applicability of reporting and filing requirements for insurance savings and loan holding companies (ISLHCs). Such holding companies shall also be exempt from requirements relating to examination and supervision by the Federal Reserve Board (FRB) if they meet certain state and federal capital requirements. Certain FRB regulations as applied to ISLHCs must be tailored to the insurance business and applicable state insurance requirements.