Military Personnel Financial Services Protection Act

Summary

Military Personnel Financial Services Protection Act - Amends the Investment Company Act of 1940 to make it unlawful, 30 days after the enactment of this Act, for: (1) any registered investment company to issue any periodic payment plan certificate; or (2) such company, or any depositor of or underwriter for such certificate, to sell such certificate. Applies any authority of a State insurance department with respect to insurers or insurance agents to activities of insurers or agents on a U.S. military installation or any Federal land or facility, except to the extent that the authority directly conflicts with any applicable authorized Federal regulation or directive. States that: (1) Congress intends for each State to implement standards to protect members of the Armed Forces, while on a military installation or any Federal land or facility, from dishonest and predatory insurance sales practices; and (2) until a State has implemented such standards, life insurance may not be sold to any member without prior disclosure that subsidized life insurance may be available from the Federal Government and the State may not license or renew the license of any entity that has violated such prohibition.

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Documents

10 official files

• Referred in Senate (text)

  Referred in Senate · EN · 6 October 2004

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• Referred in Senate (PDF)

  Referred in Senate · EN · 6 October 2004

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• Engrossed in House (text)

  Engrossed in House · EN · 5 October 2004

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• Engrossed in House (PDF)

  Engrossed in House · EN · 5 October 2004

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• Reported in House (text)

  Reported in House · EN · 5 October 2004

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• Reported in House (PDF)

  Reported in House · EN · 5 October 2004

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• Passed House amended

  summary · EN · 5 October 2004

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• Introduced in House (text)

  Introduced in House · EN · 7 September 2004

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• Introduced in House (PDF)

  Introduced in House · EN · 7 September 2004

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• Introduced in House

  summary · EN · 7 September 2004

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