3.0.0 1369 2023-01-11T13:24:22Z 2023-01-11T13:24:22Z Senate S S 2013-07-25 113 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing ssbk08 Financial Institutions and Consumer Protection Subcommittee Hearings by 2014-03-11T14:00:00Z Referred to 2013-07-25T19:50:55Z 2014-03-11 ssbk08 Financial Institutions and Consumer Protection Subcommittee Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Hearings held. Committee 2013-07-25 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2013-07-25 Introduced in Senate IntroReferral 10000 9 Library of Congress B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH N J000291 Sen. Johanns, Mike [R-NE] Mike Johanns R NE 2013-07-25 True K000360 Sen. Kirk, Mark Steven [R-IL] MARK KIRK R IL STEVEN 2013-07-25 True T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2013-07-25 True T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. 2013-07-25 True H001049 Sen. Hagan, Kay R. [D-NC] Kay Hagan D NC R. 2013-09-10 False H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD 2013-09-10 False W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2013-09-11 False B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2013-09-18 False P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2013-09-18 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2013-09-23 False H001041 Sen. Heller, Dean [R-NV] Dean Heller R NV 2013-09-25 False C000560 Sen. Coburn, Tom [R-OK] TOM COBURN R OK 2013-09-27 False C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2013-10-11 False G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2013-10-11 False M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS 2013-10-28 False M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. 2013-10-28 False V000127 Sen. Vitter, David [R-LA] David Vitter R LA 2013-10-30 False M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2013-10-30 False I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2013-10-31 False C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA 2013-11-05 False M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2014-02-06 False B001265 Sen. Begich, Mark [D-AK] Mark Begich D AK 2014-02-06 False S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2014-02-06 False L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA 2014-04-03 False Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Insurance industry and regulation Finance and Financial Sector 00 2013-07-25 Introduced in Senate 2013-10-31T19:10:01Z Amends the Dodd-Frank Wall Street Reform and Consumer Protection to exclude insurers from bank capital rules.

Declares that a company is "primarily engaged in the business of insurance" if: (1) the annual gross revenues derived by it and all of its subsidiaries from the business of insurance represent at least 2/3 of its consolidated annual gross revenues, or (2) the consolidated assets of the company and its subsidiaries relating to the business of insurance represent at least 2/3 of its consolidated assets.

Exempts from minimum leverage capital requirements and minimum risk-based capital requirements any depository institution holding company that: (1) is primarily engaged in the business of insurance; (2) is an insurance underwriting company at the holding company level and was in existence on July 21, 2010; or (3) any nonbank financial company supervised by the Board of Governors of the Federal Reserve System that, together with its subsidiaries, is primarily engaged in the business of insurance.


]]> A bill to provide additional flexibility to the Board of Governors of the Federal Reserve System to establish capital standards that are properly tailored to the unique characteristics of the business of insurance, and for other purposes. Display Title A bill to provide additional flexibility to the Board of Governors of the Federal Reserve System to establish capital standards that are properly tailored to the unique characteristics of the business of insurance, and for other purposes. Official Title as Introduced A bill to provide additional flexibility to the Board of Governors of the Federal Reserve System to establish capital standards that are properly tailored to the unique characteristics of the business of insurance, and for other purposes. Introduced in Senate IS Introduced in Senate 2013-07-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s1369is/xml/BILLS-113s1369is.xml 2014-03-11 Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Hearings held. 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.