115 HR 3110 : Financial Stability Oversight Council Insurance Member Continuity Act U.S. House of Representatives 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.

II 115th CONGRESS1st Session H. R. 3110 IN THE SENATE OF THE UNITED STATES September 6, 2017ReceivedAN ACT To amend the Financial Stability Act of 2010 to modify the term of the independent member of the Financial Stability Oversight Council.

1.

Short title

This Act may be cited as the Financial Stability Oversight Council Insurance Member Continuity Act.

2.

Financial Stability Oversight Council

Section 111(c) of the Financial Stability Act of 2010 (12 U.S.C. 5321(c)) is amended by adding at the end the following: (4)

Term of independent member

Notwithstanding paragraph (1), if a successor to the independent member of the Council serving under subsection (b)(1)(J) is not appointed and confirmed by the end of the term of service of such member, such member may continue to serve until the earlier of— (A)18 months after the date on which the term of service ends; or (B)the date on which a successor to such member is appointed and confirmed..

Passed the House of Representatives September 5, 2017.Karen L. Haas,Clerk