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United States · Bill · HR

H.R. 5143 (114th)

Transparent Insurance Standards Act of 2016

openUnited States· United States Congress· EN

Introduced

29 April 2016

Last action

8 December 2016 · Introduced

Status

Received in the Senate.

Sponsors

Rep. Luetkemeyer, Blaine [R-MO-3], Rep. Huizenga, Bill [R-MI-4], Rep. Pearce, Stevan [R-NM-2], Rep. Wagner, Ann [R-MO-2], Rep. Barr, Andy [R-KY-6], Rep. Rothfus, Keith J. [R-PA-12], Rep. Westmoreland, Lynn A. [R-GA-3], Rep. Loudermilk, Barry [R-GA-11], Rep. Pittenger, Robert [R-NC-9], Rep. Sessions, Pete [R-TX-17], Rep. Tipton, Scott R. [R-CO-3], Rep. Neugebauer, Randy [R-TX-19], Rep. Williams, Roger [R-TX-25], Rep. Emmer, Tom [R-MN-6], Rep. Lucas, Frank D. [R-OK-3], Rep. Ross, Dennis A. [R-FL-15], Rep. Love, Mia B. [R-UT-4], Rep. Posey, Bill [R-FL-8], Rep. Stivers, Steve [R-OH-15], Rep. Messer, Luke [R-IN-6], Rep. King, Peter T. [R-NY-2], Rep. Guinta, Frank C. [R-NH-1], Rep. Hultgren, Randy [R-IL-14], Rep. Duffy, Sean P. [R-WI-7], Rep. Garrett, Scott [R-NJ-5], Rep. Hill, J. French [R-AR-2], Rep. Schweikert, David [R-AZ-1], Rep. Hurt, Robert [R-VA-5], Rep. Poliquin, Bruce [R-ME-2], Rep. McHenry, Patrick T. [R-NC-10], Rep. Fincher, Stephen Lee [R-TN-8], Rep. LaHood, Darin [R-IL-16], Rep. Mulvaney, Mick [R-SC-5], Rep. Lance, Leonard [R-NJ-7], Rep. Babin, Brian [R-TX-36], James Renacci, Rep. Crawford, Eric A. "Rick" [R-AR-1], Rep. MacArthur, Thomas [R-NJ-3], Rep. Harris, Andy [R-MD-1], Rep. Grothman, Glenn [R-WI-6]

Subjects

Discovery layer

Source updated

7 April 2025

Official sourceDownload fileView documentsShare

Summary

Transparent Insurance Standards Act of 2016 This bill specifies U.S. objectives regarding international insurance standards. The United States may not agree to, accept, establish, enter into, or consent to the adoption of a final international insurance standard with an international standard-setting organization or a foreign government, authority, or regulatory entity unless certain publication requirements and capital standards are met. Before U.S. adoption of any such international insurance standard the Department of the Treasury and the Board of Governors of the Federal Reserve System, in consultation with the state insurance commissioners, shall analyze and report to Congress on the impact of the standard on U.S. consumers and markets and whether any changes in state law will result from such final standard. Congress shall have 90 days to approve or reject the final standard. The Dodd-Frank Wall Street Reform and Consumer Protection Act is amended to authorize the Independent Member of the Financial Stability Oversight Council to: perform specified consultant duties with international insurance supervisors, international financial stability counterparts, as well as Treasury; attend the Financial Stability Board of The Group of Twenty, and arrange for the attendance and participation at the Board of state insurance commissioners on matters related to insurance and financial stability; and attend, with the U.S. delegation, the Organization for Economic Cooperation and Development (OECD) and observe and participate at the OECD Insurance and Private Pensions Committee on those same matters. Parties representing the United States at the Financial Stability Board of the Group of Twenty on matters, and in meetings, related to insurance and financial stability shall consult with the state insurance commissioners and seek to include them in those meetings.

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

Timeline

  1. 25 February 2016

    Committee

    Hearings Held by the Subcommittee on Housing and Insurance Prior to Introduction and Referral.

    Source: Committee

  2. 29 April 2016

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  3. 29 April 2016

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 29 April 2016

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 15 June 2016

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 16 June 2016

    Vote

    Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.

    Source: Committee

  7. 16 June 2016

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  8. 22 November 2016

    Calendars

    Placed on the Union Calendar, Calendar No. 652.

    Source: Calendars

  9. 22 November 2016

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 114-831.

    Source: Committee

  10. 22 November 2016

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 114-831.

    Source: Committee

  11. 6 December 2016

    Reported

    Rules Committee Resolution H. Res. 944 Reported to House. Rule provides for consideration of H.R. 5143 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. It shall be in order at any time on the legislative day of December 8, 2016, for the Speaker to entertain motions that the House suspend the rules as though under clause 1 of rule XV.

    Source: Floor

  12. 7 December 2016

    Passed

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

    Source: Floor

  13. 7 December 2016

    Vote

    On passage Passed by the Yeas and Nays: 239 - 170 (Roll no. 613).

    Source: Floor

  14. 7 December 2016

    Vote

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 239 - 170 (Roll no. 613).

    Source: Floor

  15. 7 December 2016

    Floor

    Rule provides for consideration of H.R. 5143 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. It shall be in order at any time on the legislative day of December 8, 2016, for the Speaker to entertain motions that the House suspend the rules as though under clause 1 of rule XV.

    Source: Floor

  16. 7 December 2016

    Floor

    Considered under the provisions of rule H. Res. 944. (consideration: CR H7313-7324; text of amendment in the nature of a substitute: CR S7314-7315)

    Source: Floor

  17. 7 December 2016

    Passed

    Rule H. Res. 944 passed House.

    Source: Floor

  18. 8 December 2016

    Introduced

    Received in the Senate.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

11 official files

Received in Senate (text)

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  • Received in Senate (text)

    Received in Senate · EN · 8 December 2016

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  • Received in Senate (PDF)

    Received in Senate · EN · 8 December 2016

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  • Engrossed in House (text)

    Engrossed in House · EN · 7 December 2016

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 7 December 2016

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  • Passed House amended

    summary · EN · 7 December 2016

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  • Reported in House (text)

    Reported in House · EN · 22 November 2016

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  • Reported in House (PDF)

    Reported in House · EN · 22 November 2016

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  • Reported to House with amendment(s)

    summary · EN · 22 November 2016

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  • Introduced in House (text)

    Introduced in House · EN · 29 April 2016

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  • Introduced in House (PDF)

    Introduced in House · EN · 29 April 2016

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  • Introduced in House

    summary · EN · 29 April 2016

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Sponsors

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Sources

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