3.0.0 6529 2023-01-11T13:21:12Z 2023-01-11T13:21:12Z House H HR 2010-12-16 111 hsba00 Financial Services Committee House Standing Referred to 2010-12-16T15:02:10Z 2010-12-16 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2010-12-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-12-16 Introduced in House IntroReferral 1000 9 Library of Congress M001140 Rep. Moore, Dennis [D-KS-3] DENNIS MOORE D KS 3 N Finance and Financial Sector Administrative law and regulatory procedures Consumer affairs Department of the Treasury Federal preemption Foreign and international corporations Insurance industry and regulation Licensing and registrations Trade agreements and negotiations Finance and Financial Sector 00 2010-12-16 Introduced in House 2011-03-04T17:39:59Z Federal License for Reinsurers Act of 2010 - Requires the Director of the Federal Insurance Office, in the Department of the Treasury, to fix the number of employees of the Office and their compensation. Authorizes the Director to provide additional compensation and benefits if the same types are then being provided or, if not, could be provided by any federal banking agency.

Grants the Office general licensure and regulatory oversight over the business of national reinsurance.

Requires the Director to establish criteria necessary for the licensing and operation of a national reinsurer. Makes both U.S. and non-U.S. entities with U.S. branches eligible to obtain a federal license.

Authorizes a national reinsurer to convert to a state-licensed reinsurer, subject to the Director's approval.

Authorizes the Secretary of the Treasury and the United States Trade Representative (USTR), jointly, to enter into supervisory arrangements for the recognition of qualified reinsurance supervisory authorities of non-U.S. jurisdictions that provide a level of protection for U.S. reinsurance consumers that is substantially equivalent to the level of protection achieved under federal regulation.

Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to reflect the provisions of this Act.

]]> Federal License for Reinsurers Act of 2010 Display Title Federal License for Reinsurers Act of 2010 Official Title as Introduced To amend title 31, United States Code, to provide for a Federal license for reinsurers, and for other purposes. Introduced in House IH Short Titles as Introduced Federal License for Reinsurers Act of 2010 Introduced in House 2010-12-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr6529ih/xml/BILLS-111hr6529ih.xml 2010-12-16 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.