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United States · Bill · HR

H.R. 2554 (111th)

National Association of Registered Agents and Brokers Reform Act of 2010

referredUnited States· United States Congress· EN

Introduced

21 May 2009

Last action

4 March 2010 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

David Scott, Rep. Neugebauer, Randy [R-TX-19], Rep. Akin, W. Todd [R-MO-2], Rep. Meeks, Gregory W. [D-NY-5], Rep. Wilson, Charles A. [D-OH-6], Rep. Davis, Geoff [R-KY-4], Rep. Kind, Ron [D-WI-3], Rep. Moore, Gwen [D-WI-4], Rep. Myrick, Sue Wilkins [R-NC-9], Rep. Holden, Tim [D-PA-17], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Foxx, Virginia [R-NC-5], Sen. Donnelly, Joe [D-IN], Rep. Pomeroy, Earl [D-ND-At Large], Rep. Ros-Lehtinen, Ileana [R-FL-27], Rep. Brown-Waite, Ginny [R-FL-5], Rep. Barrett, J. Gresham [R-SC-3], Rep. Ross, Mike [D-AR-4], Rep. Clay, Wm. Lacy [D-MO-1], Rep. Childers, Travis [D-MS-1], Rep. Kosmas, Suzanne M. [D-FL-24], Rep. Miller, Brad [D-NC-13], Sen. Moran, Jerry [R-KS], Rep. McHenry, Patrick T. [R-NC-10], Rep. Lee, Christopher J. [R-NY-26], Rep. Moore, Dennis [D-KS-3], Rep. Putnam, Adam H. [R-FL-12], Rep. Melancon, Charlie [D-LA-3], Rep. Jenkins, Lynn [R-KS-2], Rep. Gerlach, Jim [R-PA-6], Rep. Kanjorski, Paul E. [D-PA-11], Rep. Capuano, Michael E. [D-MA-8], Rep. Adler, John H. [D-NJ-3], Rep. Garrett, Scott [R-NJ-5], Rep. Bachus, Spencer [R-AL-6], Rep. Souder, Mark E. [R-IN-3], Rep. Berry, Marion [D-AR-1], Rep. Lance, Leonard [R-NJ-7], Rep. Roskam, Peter J. [R-IL-6], Sen. Murphy, Christopher [D-CT], Rep. Terry, Lee [R-NE-2], Rep. Hodes, Paul W. [D-NH-2], Rep. McMahon, Michael E. [D-NY-13], Rep. Manzullo, Donald A. [R-IL-16], Rep. Tiahrt, Todd [R-KS-4]

Subjects

Discovery layer

Source updated

7 April 2025

Official sourceDownload fileView documentsShare

Summary

National Association of Registered Agents and Brokers Reform Act of 2009 - Amends the Gramm-Leach-Bliley Act to reestablish the National Association of Registered Agents and Brokers (NARAB) as a nonprofit corporation to prescribe, on a multi-state basis, licensing and insurance producer qualification requirements and conditions. Retains states' regulatory authority over: (1) licensing, supervision, disciplining, and setting of licensing fees for insurance producers; and (2) insurance-related consumer protection and unfair trade practices. Authorizes NARAB to: (1) establish membership criteria, including a mandatory criminal background check for state-licensed insurance producers; and (2) deny membership to a state-licensed insurance producer on the basis of the criminal history information obtained. Grants NARAB enforcement powers, including denial of membership to any state-licensed insurance producer for failure to meet membership criteria. States that NARAB membership authorizes an insurance producer to engage in the business of insurance in any state for any lines of insurance specified in the producer's home state license, including claims adjustments and settlement, risk management, and specified insurance-related consulting activities. Retains state regulatory jurisdiction regarding consumer protection and market conduct. Requires NARAB to establish an office of consumer complaints, including a toll-free telephone number. Authorizes NARAB to coordinate with state insurance regulators to: (1) establish a central clearinghouse; and (2) establish a national database for the collection of regulatory information concerning the activities of insurance producers.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 21 May 2009

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 21 May 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 21 May 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 3 March 2010

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 2554.

    Source: Floor

  5. 3 March 2010

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  6. 3 March 2010

    Passed

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1071-1075)

    Source: Floor

  7. 3 March 2010

    Passed

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H1071-1075)

    Source: Floor

  8. 3 March 2010

    Floor

    Considered under suspension of the rules. (consideration: CR H1071-1076)

    Source: Floor

  9. 3 March 2010

    Floor

    Mr. Scott (GA) moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  10. 4 March 2010

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

8 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 4 March 2010

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 4 March 2010

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  • Engrossed in House (text)

    Engrossed in House · EN · 3 March 2010

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 3 March 2010

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  • Passed House amended

    summary · EN · 3 March 2010

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  • Introduced in House (text)

    Introduced in House · EN · 21 May 2009

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  • Introduced in House (PDF)

    Introduced in House · EN · 21 May 2009

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  • Introduced in House

    summary · EN · 21 May 2009

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Sponsors

Related records

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Sources

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