Insurance Capital Standards Clarification Act of 2014

3.0.0 2270 2023-03-22T18:49:23Z 2023-03-22T18:49:23Z Senate S S 2014-04-29 113 hsba00 Financial Services Committee House Standing Discharged from 2014-12-10T23:25:19Z Referred to 2014-06-05T19:47:16Z ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2014-09-16T14:00:00Z Discharged from 2014-06-03T22:26:03Z Referred to 2014-04-29T20:46:19Z Insurance Capital Standards Clarification Act of 2014 113 4510 HR 2014-05-20 Hearings Held by the Subcommittee on Housing and Insurance Prior to Referral. Related bill CRS To clarify the application of certain leverage and risk-based requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act, to improve upon the definitions provided for points and fees in connection with a mortgage transaction, and for other purposes. 113 5461 HR 2014-09-17 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS A bill to clarify the application of certain leverage and risk-based requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act. 113 2102 S 2014-03-11 Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Hearings held. Related bill CRS 2014-12-18 Became Public Law No: 113-279. President E40000 2 House floor actions 2014-12-18 Became Public Law No: 113-279. BecameLaw 36000 9 Library of Congress 2014-12-18 Signed by President. President E30000 2 House floor actions 2014-12-18 Signed by President. BecameLaw 36000 9 Library of Congress 2014-12-12 Presented to President. Floor E20000 2 House floor actions 2014-12-12 Presented to President. President 28000 9 Library of Congress 2014-12-10 18:25:56 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2014-12-10 18:25:52 On passage Passed without objection. (text: CR H9019-9020) Floor H37100 2 House floor actions 2014-12-10 18:25:52 Passed/agreed to in House: On passage Passed without objection.(text: CR H9019-9020) Floor 8000 9 Library of Congress 2014-12-10 18:25:50 Considered by unanimous consent. (consideration: CR H9019-9020) Floor H30000 2 House floor actions 2014-12-10 Committee on Financial Services discharged. Discharge H12300 2 House floor actions hsba00 Financial Services Committee 2014-12-10 Committee on Financial Services discharged. Committee 5500 9 Library of Congress hsba00 Financial Services Committee 2014-12-10 18:25:18 Mr. Neugebauer asked unanimous consent to discharge from committee and consider. Floor H30200 2 House floor actions 2014-09-16 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2014-06-05 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-06-05 15:02:50 Received in the House. Floor H14000 2 House floor actions 2014-06-04 Senate Message on Senate action sent to the House. Floor 2014-06-03 Senate Passed Senate with an amendment by Unanimous Consent. Floor 2014-06-03 Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent. Floor 17000 9 Library of Congress 2014-06-03 Senate Measure laid before Senate by unanimous consent. (consideration: CR S3383-3384) Floor 2014-06-03 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. Discharge 2014-06-03 Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. Committee 14500 9 Library of Congress ssbk00 Banking, Housing, and Urban Affairs Committee 2014-04-29 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2472-2473) IntroReferral 2014-04-29 Sponsor introductory remarks on measure. (CR S2471-2472) IntroReferral B00100 9 Library of Congress 2014-04-29 Introduced in Senate IntroReferral 10000 9 Library of Congress C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. N B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2014-04-29 True J000291 Sen. Johanns, Mike [R-NE] Mike Johanns R NE 2014-04-29 True K000360 Sen. Kirk, Mark Steven [R-IL] MARK KIRK R IL STEVEN 2014-04-29 True T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2014-04-29 True H001041 Sen. Heller, Dean [R-NV] Dean Heller R NV 2014-04-30 False B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2014-05-06 False P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2014-05-06 False W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2014-05-07 False H001049 Sen. Hagan, Kay R. [D-NC] Kay Hagan D NC R. 2014-05-07 False T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. 2014-05-12 False I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2014-05-13 False G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2014-05-13 False V000127 Sen. Vitter, David [R-LA] David Vitter R LA 2014-05-13 False B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2014-05-20 False B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze 2014-05-20 False E000285 Sen. Enzi, Michael B. [R-WY] MICHAEL ENZI R WY B. 2014-05-21 False M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2014-05-22 False H000206 Sen. Harkin, Tom [D-IA] THOMAS HARKIN D IA RICHARD 2014-05-22 False F000463 Sen. Fischer, Deb [R-NE] Deb Fischer R NE 2014-05-22 False B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2014-05-22 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2014-06-02 False K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2014-06-02 False M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS 2014-06-02 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2014-06-02 False D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2014-06-02 False M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2014-06-02 False A000368 Sen. Ayotte, Kelly [R-NH] Kelly Ayotte R NH 2014-06-02 False C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA 2014-06-03 False S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2014-06-03 False H001069 Sen. Heitkamp, Heidi [D-ND] Heidi Heitkamp D ND 2014-06-03 False C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2014-06-03 False S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2014-06-03 False S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2014-06-03 False Public Law 113-279 Finance and Financial Sector Accounting and auditing Banking and financial institutions regulation Foreign and international corporations Insurance industry and regulation Finance and Financial Sector

00 2014-04-29 Introduced in Senate 2014-07-11T15:59:03Z Insurance Capital Standards Clarification Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act concerning establishment of minimum leverage and minimum risk-based capital requirements on a consolidated basis for a depository institution holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System.

States that federal banking agencies shall not be required to subject any person to such minimum capital requirements, to the extent that such person either: (1) acts in its capacity as a regulated insurance entity regulated by a state insurance regulator, or (2) is a regulated foreign subsidiary engaged in the business of insurance (including a regulated foreign affiliate of such subsidiary).

Exempts from any requirement to prepare holding company financial statements in accordance with Generally Accepted Accounting Principles any Board-supervised depository institution holding company or nonbank financial company that is also a person regulated by a state insurance regulator or a regulated foreign subsidiary (or a regulated foreign affiliate) that files its holding company financial statements using only Statutory Accounting Principles in accordance with state law.

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35 2014-06-03 Passed Senate amended 2014-07-11T16:20:46Z Insurance Capital Standards Clarification Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) concerning establishment of minimum leverage and minimum risk-based capital requirements on a consolidated basis for a depository institution holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System.

States that a Board-supervised depository institution holding company or nonbank financial company engaged in the insurance business and regulated by either a state insurance regulator or the National Association of Insurance Commissioners, and which files its holding company financial statements using only Statutory Accounting Principles pursuant to state law, shall not be required by the Board, under this Act or the Home Owners' Loan Act (HOLA), to prepare such financial statements in accordance with Generally Accepted Accounting Principles.

Declares that nothing in this Act shall: (1) limit Board authority to conduct any regulatory or supervisory activity of either a depository institution holding company or a non-bank financial company under Board jurisdiction, including the collecting or reporting of any information on an entity or group-wide basis; or (2) excuse the Board from its obligations to comply with Dodd-Frank requirements regarding examination of nonbank financial companies and HOLA requirements regarding examination of savings and loan holding companies.

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81 2014-12-10 Passed House without amendment 2014-12-22T15:29:04Z (This measure has not been amended since it was passed by the Senate on June 3, 2014. The summary of that version is repeated here.)

Insurance Capital Standards Clarification Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) concerning establishment of minimum leverage and minimum risk-based capital requirements on a consolidated basis for a depository institution holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System.

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49 2014-12-18 Public Law 2015-01-05T16:24:49Z (This measure has not been amended since it was passed by the Senate on June 3, 2014. The summary of that version is repeated here.)

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Insurance Capital Standards Clarification Act of 2014 Display Title Insurance Capital Standards Clarification Act of 2014 Official Title as Introduced A bill to clarify the application of certain leverage and risk-based requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Introduced in Senate IS Short Titles as Introduced Insurance Capital Standards Clarification Act of 2014 Short Titles as Passed House Insurance Capital Standards Clarification Act of 2014 H House Short Titles as Passed Senate Insurance Capital Standards Clarification Act of 2014 S Senate Short Titles as Enacted Insurance Capital Standards Clarification Act of 2014 3229 113 SAMDT In the nature of a substitute. 2022-02-08T17:32:53Z 2014-06-03 Amendment SA 3229 agreed to in Senate by Unanimous Consent. SA 3229 https://www.congress.gov/amendment/113th-congress/senate-amendment/3229 C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2014-06-03T04:00:00Z 2014-06-03T04:00:00Z Senate 113 S Senate S 2270 Insurance Capital Standards Clarification Act of 2014 2023-03-22T18:49:23Z 6 2014-06-03 0 Senate Amendment SA 3229 agreed to in Senate by Unanimous Consent. Floor 2014-06-03 0 Senate Amendment SA 3229 proposed by Senator Stabenow for Senator Collins. (consideration: CR S3383-3384; text: CR S3383-3384) In the nature of a substitute. Floor 2014-06-03 Senate amendment proposed (on the floor): Amendment SA 3229 proposed by Senator Stabenow for Senator Collins.(consideration: CR S3383-3384; text: CR S3383-3384) Floor 93000 9 Library of Congress 2014-06-03 Senate amendment agreed to: Amendment SA 3229 agreed to in Senate by Unanimous Consent. Floor 94000 9 Library of Congress 2014-06-03 Senate amendment submitted Floor 91000 9 Library of Congress Enrolled Bill https://www.govinfo.gov/content/pkg/BILLS-113s2270enr/xml/BILLS-113s2270enr.xml Referred in House 2014-06-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2270rfh/xml/BILLS-113s2270rfh.xml Engrossed in Senate 2014-06-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2270es/xml/BILLS-113s2270es.xml Introduced in Senate 2014-04-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2270is/xml/BILLS-113s2270is.xml 2014-12-19T04:59:59Z https://www.govinfo.gov/content/pkg/PLAW-113publ279/uslm/PLAW-113publ279.xml Public Law 2014-12-18 Became Public Law No: 113-279. 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.