3.0.0 4557 2023-01-11T13:26:31Z 2023-01-11T13:26:31Z House H HR 2014-05-01 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. POSEY:H.R. 4557.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the Constitution of theUnited States: The Congress shall have Power To lay andcollect Taxes, Duties, Imposts and Excises, to pay the Debtsand provide for the common Defence and general Welfare of theUnited States; but all Duties, Imposts and Excises shall beuniform throughout the United States;Article I, Section 8, Clause 18 of the Constitution of theUnited States: The Congress shall have Power to make all Lawswhich shall be necessary and proper for carrying intoExecution the forgoing Powers, and all other Powers vested bythis Constitution in the Government of the United States orin any Department or Officer thereof.[Page H3408]]]> hsba00 Financial Services Committee House Standing hsba04 Housing and Insurance Subcommittee Hearings by 2014-05-20T21:00:50Z Referred to 2014-05-01T13:01:05Z 2014-05-20 hsba04 Housing and Insurance Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Housing and Insurance Prior to Referral. Committee 2014-05-01 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-05-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-05-01 Introduced in House IntroReferral 1000 9 Library of Congress P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 N S000344 Rep. Sherman, Brad [D-CA-30] BRAD SHERMAN D CA 30 2014-05-08 False W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2014-05-19 False R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2014-05-20 False L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 2014-05-20 False Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Federal Reserve System Insurance industry and regulation Finance and Financial Sector

00 2014-05-01 Introduced in House 2014-07-09T16:12:22Z Policyholder Protection Act of 2014 - Amends the Federal Deposit Insurance Act to declare that any regulation, order, or other action of the Board of Governors of the Federal Reserve System that requires a bank holding company to provide funds or other assets to a subsidiary depository institution shall not be effective nor enforceable with respect to an entity that is a savings and loan holding company that is also an insurance company, an affiliate of an insured depository institution that is an insurance company, or any other company that is an insurance company and that directly or indirectly controls an insured depository institution if: (1) such funds or assets are to be provided by the entity, and (2) the state insurance authority for the insurance company determines that such an action would have a materially adverse effect on the entity's financial condition.

Declares further that requiring a bank holding company that is an insurance company or such an entity to serve as a source of financial strength shall be deemed the kind of action of the Board to which this Act applies.]]>

Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2014-05-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4557ih/xml/BILLS-113hr4557ih.xml 2014-05-20 Hearings Held by the Subcommittee on Housing and Insurance Prior to Referral. 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.