Comprehensive Holocaust Accountability in Insurance Measure

Summary

Comprehensive Holocaust Accountability in Insurance Measure - Prohibits certain foreign insurance companies from conducting business in the United States, or with a U.S. bank, unless such companies disclose to the Attorney General the name of any listed Holocaust victim with whom such companies had any financial dealing. Instructs the Attorney General to: (1) designate an office in the Department of Justice to manage such disclosures; (2) obtain from both the International Commission on Holocaust Era Insurance Claims and from such foreign insurance companies information regarding any outstanding requests that is necessary to implement this Act; (3) notify victims of the requirements of this Act; (4) submit requests on behalf of beneficiaries; and (5) grant beneficiaries the option of waiving their rights to such request. Authorizes the Attorney General to prohibit a non-complying insurance company from conducting business in the United States (including participation in any aspect of the payment system within the jurisdiction of the United States or conducting business with a U.S. bank). Provides for civil actions to enforce this Act. Amends the Federal Deposit Insurance Act to prohibit domestic insured depository institutions from engaging in business transactions with such non-complying insurance companies. Amends the International Banking Act of 1978 to prohibit uninsured branches, agencies, and commercial lending company affiliates of foreign banks from engaging in transactions with such non-complying insurance companies or their affiliates.

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Timeline

1. 5 December 2001

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 5 December 2001

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 December 2001

   Introduced

   Introduced in House

   Source: IntroReferral

4. 17 December 2001

   Referred

   Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 5 December 2001 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 December 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 December 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 5 December 2001

  Open at official source

Sponsors

• Rep. Foley, Mark [R-FL-16] · R · Sponsor
• ILEANA ROS-LEHTINEN · R · Cosponsor
• Del. Faleomavaega, Eni F. H. [D-AS-At Large] · D · Cosponsor
• · hsba00 · Standing

Related records

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