3.0.0 6423 2019-11-15T20:53:13Z 2022-02-08T17:27:15Z House H HR 2012-09-14 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. POSEY:H.R. 6423.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 3[Page H6061]]]> hsba00 Financial Services Committee House Standing hsba04 Housing and Insurance Subcommittee Referred to 2012-10-01T19:48:02Z Referred to 2012-09-14T13:03:00Z 2012-10-01 hsba04 Housing and Insurance Subcommittee 1 House committee actions Referred to the Subcommittee on Insurance, Housing and Community Opportunity. Committee 2012-09-14 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2012-09-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-09-14 Introduced in House IntroReferral 1000 9 Library of Congress P000599 Rep. Posey, Bill [R-FL-15] Bill Posey R FL 15 N B001232 Rep. Biggert, Judy [R-IL-13] JUDY BIGGERT R IL 13 2012-09-14 True Finance and Financial Sector Administrative law and regulatory procedures Bankruptcy Federal Deposit Insurance Corporation (FDIC) Insurance industry and regulation Finance and Financial Sector 00 2012-09-14 Introduced in House 2012-11-06T18:00:37Z Insurance Consumer Protection and Solvency Act of 2012 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to exclude an insurance company from the definition of a "financial company" for purposes of such Act (thus removing an insurance company from the purview of the Act).

Removes from the Federal Deposit Insurance Corporation (FDIC) the authority to place insurance companies into orderly liquidation.

Excludes from the definition of "eligible financial company" for purposes of risk-based assessments an insurance company subject to assessment under state law to cover the costs of state insolvency proceeding regarding an insurance company.

]]> Insurance Consumer Protection and Solvency Act of 2012 Short Titles as Introduced Insurance Consumer Protection and Solvency Act of 2012 Display Title Insurance Consumer Protection and Solvency Act of 2012 Official Title as Introduced To exclude insurance companies from the Federal Depository Insurance Corporation's "orderly liquidation authority". Introduced in House 2012-09-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr6423ih/xml/BILLS-112hr6423ih.xml 2012-10-01 Referred to the Subcommittee on Insurance, Housing and Community Opportunity. 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.