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United States · Bill · S

S. 1360 (115th)

International Insurance Capital Standards Accountability Act of 2017

referredUnited States· United States Congress· EN

Introduced

14 June 2017

Last action

14 June 2017 · Introduced

Status

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

Sponsors

Sen. Heller, Dean [R-NV], Sen. Tester, Jon [D-MT]

Subjects

Discovery layer

Source updated

11 August 2025

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Summary

International Insurance Capital Standards Accountability Act of 2017 This bill directs the Federal Reserve Board (FRB) to establish the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues. The bill prohibits the Department of the Treasury and the FRB from agreeing to an international capital insurance standard unless: (1) it meets specified notice and comment requirements, (2) it is consistent with current state-based capital requirements, and (3) it is consistent with any FRB capital requirements for an FRB-supervised company. Treasury and the FRB must: report annually on their efforts with the National Association of Insurance Commissioners regarding global insurance regulatory or supervisory forums, study an international insurance capital standard's impact on U.S. markets and consumers before agreeing to its adoption, and report on their efforts to increase transparency at meetings of the International Association of Insurance Supervisors.

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

Timeline

  1. 14 June 2017

    Introduced

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

    Source: IntroReferral

  2. 14 June 2017

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 14 June 2017

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 14 June 2017

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 14 June 2017

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Sponsors

Related records

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Sources

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