National Association of Registered Agents and Brokers Reform Act of 2013

3.0.0 1155 2023-01-11T13:23:14Z 2023-01-11T13:23:14Z House H HR 2013-03-14 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. NEUGEBAUER:H.R. 1155.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3--The Congress shall havePower to regulate Commerce with foreign Nations, and amongthe several States, and with the Indian Tribes.[Page H1428]]]> hsba00 Financial Services Committee House Standing Referred to 2013-03-14T14:02:40Z National Association of Registered Agents and Brokers Reform Act of 2013 113 534 S 2013-07-29 Placed on Senate Legislative Calendar under General Orders. Calendar No. 151. Related bill CRS Related bill House A bill to delay the implementation of certain provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 and to reform the National Association of Registered Agents and Brokers, and for other purposes. 113 1926 S 2014-01-31 Held at the desk. 15:22:23 Related bill CRS National Association of Registered Agents and Brokers Reform Act of 2013 113 1064 HR 2013-03-12 Referred to the House Committee on Financial Services. Identical bill CRS 2013-09-11 Senate Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 182. Calendars 2013-09-10 14:05:51 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 6 (Roll no. 450). (text: CR H5443-5447) Floor H37300 2 House floor actions 450 https://clerk.house.gov/evs/2013/roll450.xml House 113 2013-09-10T18:05:51Z 1 2013-09-10 14:05:51 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 6 (Roll no. 450).(text: CR H5443-5447) Floor 8000 9 Library of Congress 450 https://clerk.house.gov/evs/2013/roll450.xml House 113 2013-09-10T18:05:51Z 1 2013-09-10 13:38:56 Considered as unfinished business. (consideration: CR H5455-5456) Floor H30000 2 House floor actions 2013-09-10 12:46:12 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. Floor H37220 2 House floor actions 2013-09-10 12:25:05 DEBATE - The House proceeded with forty minutes of debate on H.R. 1155. Floor H8D000 2 House floor actions 2013-09-10 12:25:03 Considered under suspension of the rules. (consideration: CR H5443-5449) Floor H30000 2 House floor actions 2013-09-10 12:25:00 Mr. Neugebauer moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2013-03-14 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-03-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-03-14 Introduced in House IntroReferral 1000 9 Library of Congress N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 N S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2013-03-14 True L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 2013-03-14 True C001095 Rep. Cotton, Tom [R-AR-4] Tom Cotton R AR 4 2013-03-14 True S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2013-03-14 True G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2013-03-14 True L000491 Rep. Lucas, Frank D. [R-OK-3] FRANK LUCAS R OK D. 3 2013-03-14 True R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2013-03-14 True R000586 Rep. Renacci, James B. [R-OH-16] James Renacci R OH B. 16 2013-03-14 True L000566 Rep. Latta, Robert E. [R-OH-5] Robert Latta R OH E. 5 2013-03-14 True M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2013-03-14 True C001047 Rep. Capito, Shelley Moore [R-WV-2] Shelley Capito R WV Moore 2 2013-03-14 True W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2013-03-14 True B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2013-03-14 True P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 2013-03-14 True G000567 Rep. Griffin, Tim [R-AR-2] Tim Griffin R AR 2 2013-03-14 True M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2013-03-14 True B001256 Rep. Bachmann, Michele [R-MN-6] Michele Bachmann R MN 6 2013-03-14 True P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 2013-03-14 True S001188 Rep. Stutzman, Marlin A. [R-IN-3] Marlin Stutzman R IN A. 3 2013-03-14 True B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2013-03-14 True C001096 Rep. Cramer, Kevin [R-ND-At Large] Kevin Cramer R ND 0 2013-03-14 True D000614 Rep. Duffy, Sean P. [R-WI-7] Sean Duffy R WI P. 7 2013-03-14 True H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2013-03-14 True M001182 Rep. Mulvaney, Mick [R-SC-5] Mick Mulvaney R SC 5 2013-03-14 True B001259 Rep. Braley, Bruce L. [D-IA-1] Bruce Braley D IA L. 1 2013-03-14 True P000595 Rep. Peters, Gary C. [D-MI-14] Gary Peters D MI 14 2013-03-14 True L000565 Rep. Loebsack, David [D-IA-2] David Loebsack D IA 2 2013-03-14 True S000344 Rep. Sherman, Brad [D-CA-30] BRAD SHERMAN D CA 30 2013-03-14 True L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2013-03-14 True M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2013-03-14 True M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2013-03-14 True P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2013-03-14 True C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 2013-03-14 True M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2013-03-14 True W000797 Rep. Wasserman Schultz, Debbie [D-FL-23] Debbie Wasserman Schultz D FL 23 2013-03-14 True S001180 Rep. Schrader, Kurt [D-OR-5] Kurt Schrader D OR 5 2013-03-14 True M001142 Rep. Matheson, Jim [D-UT-4] JIM MATHESON D UT 4 2013-03-14 True L000567 Rep. Lance, Leonard [R-NJ-7] Leonard Lance R NJ 7 2013-03-14 True K000378 Rep. Kinzinger, Adam [R-IL-16] Adam Kinzinger R IL 16 2013-03-14 True G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2013-03-14 True M001139 Rep. Miller, Gary G. [R-CA-31] GARY MILLER R CA 31 2013-03-14 True H001058 Rep. Huizenga, Bill [R-MI-2] Bill Huizenga R MI 2 2013-03-14 True H001060 Rep. Hurt, Robert [R-VA-5] Robert Hurt R VA 5 2013-04-10 False M001185 Rep. Maloney, Sean Patrick [D-NY-18] Sean Maloney D NY Patrick 18 2013-04-10 False F000451 Rep. Fitzpatrick, Michael G. [R-PA-8] Michael Fitzpatrick R PA G. 8 2013-04-18 False T000462 Rep. Tiberi, Patrick J. [R-OH-12] PATRICK TIBERI R OH J. 12 2013-04-19 False R000435 Rep. Ros-Lehtinen, Ileana [R-FL-27] ILEANA ROS-LEHTINEN R FL 27 2013-04-19 False P000594 Rep. Paulsen, Erik [R-MN-3] Erik Paulsen R MN 3 2013-04-19 False C001077 Rep. Coffman, Mike [R-CO-6] Mike Coffman R CO 6 2013-04-23 False H001064 Rep. Heck, Denny [D-WA-10] Denny Heck D WA 10 2013-04-23 False B001275 Rep. Bucshon, Larry [R-IN-8] Larry Bucshon R IN 8 2013-04-23 False M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 2013-04-23 False S001150 Rep. Schiff, Adam B. [D-CA-28] ADAM SCHIFF D CA B. 28 2013-04-26 False S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2013-05-06 False W000809 Rep. Womack, Steve [R-AR-3] Steve Womack R AR 3 2013-05-06 False C001087 Rep. Crawford, Eric A. "Rick" [R-AR-1] Eric Crawford R AR A. "Rick" 1 2013-05-06 False I000057 Rep. Israel, Steve [D-NY-3] STEVE ISRAEL D NY 3 2013-05-06 False L000111 Rep. Latham, Tom [R-IA-3] TOM LATHAM R IA 3 2013-05-07 False B001255 Rep. Boustany, Charles W., Jr. [R-LA-3] Charles Boustany R LA W. 3 2013-05-07 False R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2013-05-08 False G000569 Rep. Grimm, Michael G. [R-NY-11] Michael Grimm R NY G. 11 2013-05-08 False M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2013-05-09 False K000363 Rep. Kline, John [R-MN-2] John Kline R MN 2 2013-05-09 False C001064 Rep. Campbell, John [R-CA-45] John Campbell R CA 45 2013-05-14 False F000460 Rep. Farenthold, Blake [R-TX-27] Blake Farenthold R TX 27 2013-05-14 False R000578 Rep. Reichert, David G. [R-WA-8] David Reichert R WA G. 8 2013-05-14 False J000289 Rep. Jordan, Jim [R-OH-4] Jim Jordan R OH 4 2013-05-14 False P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 2013-05-14 False C001083 Rep. Carney, John C., Jr. [D-DE-At Large] John Carney D DE C. 0 2013-05-14 False C001069 Rep. Courtney, Joe [D-CT-2] Joe Courtney D CT 2 2013-05-15 False M001187 Rep. Meadows, Mark [R-NC-11] Mark Meadows R NC 11 2013-05-16 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2013-05-16 False P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2013-05-17 False G000560 Rep. Graves, Tom [R-GA-14] Tom Graves R GA 14 2013-05-17 False W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2013-05-22 False S001186 Rep. Southerland, Steve II [R-FL-2] Steve Southerland R FL 2 2013-05-23 False L000564 Rep. Lamborn, Doug [R-CO-5] Doug Lamborn R CO 5 2013-05-23 False P000605 Rep. Perry, Scott [R-PA-4] Scott Perry R PA 4 2013-05-23 False L000580 Rep. Lujan Grisham, Michelle [D-NM-1] Michelle Lujan Grisham D NM 1 2013-06-03 False F000461 Rep. Flores, Bill [R-TX-17] Bill Flores R TX 17 2013-06-05 False D000621 Rep. DeSantis, Ron [R-FL-6] Ron DeSantis R FL 6 2013-06-06 False F000458 Rep. Fincher, Stephen Lee [R-TN-8] Stephen Fincher R TN Lee 8 2013-06-11 False C001038 Rep. Crowley, Joseph [D-NY-14] JOSEPH CROWLEY D NY 14 2013-06-11 False M001150 Rep. Miller, Candice S. [R-MI-10] Candice Miller R MI S. 10 2013-06-12 False R000596 Rep. Radel, Trey [R-FL-19] Trey Radel R FL 19 2013-06-18 False A000369 Rep. Amodei, Mark E. [R-NV-2] Mark Amodei R NV E. 2 2013-06-28 False D000533 Rep. Duncan, John J., Jr. [R-TN-2] JOHN DUNCAN R TN J. 2 2013-09-09 False E000293 Rep. Esty, Elizabeth H. [D-CT-5] Elizabeth Esty D CT H. 5 2013-09-09 False F000459 Rep. Fleischmann, Charles J. "Chuck" [R-TN-3] Charles Fleischmann R TN J. "Chuck" 3 2013-09-09 False S000937 Rep. Stockman, Steve [R-TX-36] STEVE STOCKMAN R TX 36 2013-09-09 False Finance and Financial Sector Consumer affairs Criminal justice information and records Government corporations and government-sponsored enterprises Insurance industry and regulation Licensing and registrations State and local government operations Finance and Financial Sector

00 2013-03-14 Introduced in House 2014-10-24T19:26:37Z National Association of Registered Agents and Brokers Reform Act of 2013 - Amends the Gramm-Leach-Bliley Act to repeal the contingent conditions under which the National Association of Registered Agents and Brokers (NARAB) shall not be established. Establishes the NARAB without contingent conditions as an independent nonprofit corporation to prescribe, on a multi-state basis, licensing and insurance producer qualification requirements and conditions.

Requires the NARAB, without affecting state regulatory authority, to provide a mechanism for the adoption and multi-state application of requirements and conditions pertaining to: (1) licensing, continuing education, and other qualifications of non-NARAB insurance producers; (2) resident or nonresident insurance producer appointments; (3) supervision and disciplining of such producers; and (4) the setting of licensing fees for insurance producers.

Makes any state-licensed insurance producer eligible to join the NARAB, except during a period of license suspension or revocation. Requires an individual insurance producer to undergo a criminal history record check by the Federal Bureau of Investigation (FBI). Requires the NARAB to submit to the FBI identification information obtained from the insurance producer, upon producer request, as well as a request of its own for the criminal history record check.

Authorizes the NARAB to: (1) establish membership criteria; and (2) deny membership to a state-licensed insurance producer on the basis of the criminal history information obtained, or where the producer has been subject to certain disciplinary action.

Prohibits the NARAB from establishing criteria that unfairly limit the ability of a small insurance producer to become a member of NARAB.

Authorizes the NARAB to establish separate classes of membership and membership criteria, and requires it to do so for business entities.

Authorizes the NARAB to deny membership to any state-licensed insurance producer for failure to meet membership criteria.

States that NARAB membership authorizes an insurance producer to engage in the business of insurance in any state for any lines of insurance specified in the producer's home state license, including claims adjustments and settlement, risk management, and specified insurance-related consulting activities.

Makes NARAB membership equivalent to a nonresident insurance producer license for specified purposes.

Retains state regulatory jurisdiction regarding consumer protection and market conduct.

Directs the NARAB to establish, as a condition of membership, continuing education requirements comparable to those under the licensing laws of a majority of the states.

Requires the NARAB to receive and refer any consumer complaints to state insurance regulators.

Requires the NARAB to maintain a toll-free number and, as practicable, other alternative means of communication with consumers, such as an Internet webpage.

Authorizes the NARAB to establish: (1) a central clearinghouse through which NARAB members may disclose their intent to operate in one or more states and pay their licensing fees; and (2) a database for the collection of regulatory information concerning the activities of insurance producers.

Establishes the NARAB board of directors, whose membership shall include state insurance commissioners. Sets forth terms and procedures for appointment of members by the President. Authorizes reappointment to successive terms. Prohibits compensation on account of Board membership.

Declares that the NARAB shall not be deemed to be an insurer or insurance producer within the meaning of any state law, rule, regulation, or order regulating or taxing insurers, insurance producers, or other entities engaged in the business of insurance.

Sets forth procedures for presidential oversight of the NARAB, including removal of the entire existing Board.

Requires the NARAB to coordinate with the Financial Industry Regulatory Authority (FINRA) in order to ease any administrative burdens that fall on NARAB members subject to FINRA regulation.

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36 2013-09-10 Passed House amended 2014-10-24T19:30:27Z National Association of Registered Agents and Brokers Reform Act of 2013 - (Sec. 2) Amends the Gramm-Leach-Bliley Act to repeal the contingent conditions under which the National Association of Registered Agents and Brokers (NARAB) shall not be established. Establishes the NARAB without contingent conditions as an independent nonprofit corporation to prescribe, on a multi-state basis, licensing and insurance producer qualification requirements and conditions.

Prohibits the NARAB from merging with or into any other private or public entity.

Authorizes the NARAB to: (1) establish membership criteria; and (2) deny membership to an individual state-licensed insurance producer on the basis of the criminal history information obtained, or where the producer has been subject to certain disciplinary action.

Prescribes procedures governing a criminal history record check, including the rights of applicants denied membership.

Authorizes the NARAB to establish membership criteria, including separate classes of membership and membership criteria for business entities; but prohibits it from establishing criteria that unfairly limit the ability of a small insurance producer to become a member of NARAB, including discriminatory membership fees.

Authorizes the NARAB to establish separate categories of membership for insurance producers and for other persons or entities within each class, based on the types of licensing categories that exist under state laws.

Prohibits the NARAB from establishing special categories of membership, including distinct membership criteria for members that are depository institutions or for their employees, agents, or affiliates.

Prohibits the NARAB from adopting any qualification less protective to the public than that contained in the National Association of Insurance Commissioners (NAIC) Producer Licensing Model Act.

Prescribes procedures for authorized information sharing pursuant to a request by a licensed insurance producer.

Authorizes the NARAB to deny membership to any state-licensed insurance producer for failure to meet membership criteria.

Makes NARAB membership equivalent to a nonresident insurance producer license for specified purposes.

Empowers the NARAB to act as agent for any member for the purpose of remitting licensing fees to a state.

Requires the NARAB to disclose to states, including state insurance regulators and the NAIC, on an ongoing basis, a list of the states in which each member is authorized to operate.

Retains state regulatory jurisdiction regarding: (1) consumer protection and market conduct, and (2) state disciplinary authority.

Requires the NARAB to establish, as a condition of membership, continuing education requirements comparable to the continuing education requirements under the licensing laws of a majority of the states.

Prohibits the NARAB from offering continuing education courses for insurance producers.

Grants the NARAB disciplinary enforcement powers.

Requires the NARAB to: (1) receive and investigate consumer complaints, and to maintain a toll-free telephone number; and (2) refer any such complaint to the state insurance regulator. Prescribes information- sharing procedures and limitations with the NAIC or governmental entities.

Authorizes the NARAB to establish: (1) a central clearinghouse, or utilize NAIC as a central clearinghouse through which NARAB members may disclose their intent to operate in one or more states; and (2) a national database for the collection of regulatory information concerning the activities of insurance producers.

Sets forth procedures for presidential oversight of the NARAB, including removal of the entire existing Board.

Sets forth a limited preemption of state laws purporting to regulate insurance producers.

Directs the NARAB to coordinate with the Financial Industry Regulatory Authority (FINRA) in order to ease administrative burdens that fall on NARAB members subject to regulation by FINRA.

Authorizes any person aggrieved by a NARAB decision or action to commence a civil action in an appropriate federal district court.

Prohibits federal funding of the NARAB.]]>

National Association of Registered Agents and Brokers Reform Act of 2013 Display Title National Association of Registered Agents and Brokers Reform Act of 2013 Official Title as Introduced To reform the National Association of Registered Agents and Brokers, and for other purposes. Introduced in House IH Short Titles as Introduced National Association of Registered Agents and Brokers Reform Act of 2013 Short Titles as Passed House National Association of Registered Agents and Brokers Reform Act of 2013 H House Placed on Calendar Senate 2013-09-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr1155pcs/xml/BILLS-113hr1155pcs.xml Engrossed in House 2013-09-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr1155eh/xml/BILLS-113hr1155eh.xml Introduced in House 2013-03-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr1155ih/xml/BILLS-113hr1155ih.xml 2013-09-11 Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 182. 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.