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    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 163, Number 197 (Monday, December 4, 2017)]From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. DUFFY:H.R. 4537.Congress has the power to enact this legislation pursuantto the following:Article I, section 8, clause 1 (relating to the generalwelfare of the United States); and Article I, section 8,clause 3 (relating to the power to regulate interstatecommerce).[Page H9620]</pre>]]></constitutionalAuthorityStatementText>
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          <text>Referred to the Committee on Financial Services, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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        <text>Referred to the Committee on Financial Services, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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        <fullName>Rep. Duffy, Sean P. [R-WI-7]</fullName>
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        <fullName>Rep. Heck, Denny [D-WA-10]</fullName>
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        <fullName>Rep. Williams, Roger [R-TX-25]</fullName>
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        <pubDate>2018-02-08T21:00:58Z</pubDate>
        <title>H.R. 4537, International Insurance Standards Act of 2017</title>
        <url>https://www.cbo.gov/publication/53560</url>
        <description>As ordered reported by the House Committee on Financial Services on December 13, 2017</description>
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        <actionDate>2017-12-04</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2018-05-02T18:52:17Z</updateDate>
        <text><![CDATA[ <p><b>International Insurance Standards Act of 2017</b></p> <p>This bill prohibits parties representing the federal government in an international insurance agreement from agreeing to any standard unless it is consistent with existing federal and state laws. The parties must coordinate with state insurance regulators. Congress has the power to review and disapprove by joint resolution any such agreement.</p> <p>The bill amends the Federal Insurance Office Act of 2010 to modify requirements for a covered international agreement entered into by the Department of the Treasury's Federal Insurance Office. Such an agreement must only apply on a prospective basis. Congress has the power to review and disapprove by joint resolution any covered agreement.</p>]]></text>
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      <summary>
        <versionCode>18</versionCode>
        <actionDate>2018-07-03</actionDate>
        <actionDesc>Reported to House amended, Part I</actionDesc>
        <updateDate>2018-07-11T19:18:42Z</updateDate>
        <text><![CDATA[ <p><b>International Insurance Standards Act of 2018</b></p> <p>This bill prohibits parties representing the federal government in an international insurance agreement from agreeing to any standard unless it is consistent with the existing U.S. system of regulation. The parties must coordinate with state insurance regulators. Congress has the power to review and disapprove by joint resolution any such agreement.</p> <p>The bill amends the Federal Insurance Office Act of 2010 to modify requirements for a covered international agreement entered into by the Department of the Treasury's Federal Insurance Office. Such an agreement must only apply on a prospective basis. Congress has the power to review and disapprove by joint resolution any covered agreement.</p>]]></text>
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      <summary>
        <versionCode>36</versionCode>
        <actionDate>2018-07-10</actionDate>
        <actionDesc>Passed House amended</actionDesc>
        <updateDate>2018-07-27T21:08:48Z</updateDate>
        <text><![CDATA[ <p><b>International Insurance Standards Act of 2018</b></p> <p>(Sec. 3) This bill prohibits parties representing the federal government in an international insurance agreement from agreeing to any standard unless it recognizes the existing U.S. system of regulation as satisfying that standard. </p> <p>(Sec. 4) In developing international insurance standards, the parties must coordinate with state insurance regulators. </p> <p>(Sec. 5) Parties representing the United States in such proceedings must consult with and notify Congress regarding the intention to participate in the negotiations, the nature and objectives of the negotiations, and the details of the agreement.</p> <p>(Sec. 6) Before entering into any agreement, the parties must report to Congress regarding the implementation and impact of the agreement. <p>(Sec. 7) The bill amends the Federal Insurance Office Act of 2010 to modify requirements for an international agreement entered into by the Department of the Treasury's Federal Insurance Office. Such an agreement must only apply on a prospective basis. In developing an agreement, the parties must coordinate with state insurance regulators. Congress has the power to review and disapprove by joint resolution any agreement.</p>]]></text>
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    <title>International Insurance Standards Act of 2018</title>
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        <title>To preserve the State-based system of insurance regulation and provide greater oversight of and transparency on international insurance standards setting processes, and for other purposes.</title>
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    <latestAction>
      <actionDate>2018-07-11</actionDate>
      <text>Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
    </latestAction>
  </bill>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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