Home > Legislation > 115th Congress > H.R.3762

H.R.3762 - International Insurance Standards Act of 2017115th Congress (2017-2018) |

Bill

Hide Overview
Sponsor: Rep. Duffy, Sean P. [R-WI-7] (Introduced 09/13/2017)
Committees: House - Financial Services; Rules
Latest Action: House - 09/13/2017 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.  (All Actions)

Tracker:

This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

More on This Bill

  • Constitutional Authority Statement
  • CBO Cost Estimates [0]

Subject — Policy Area:

Summary: H.R.3762 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.3762. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/13/2017)

International Insurance Standards Act of 2017

This bill prohibits parties representing the federal government in an international insurance agreement from agreeing to any standard inconsistent 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.

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 not include new prudential requirements for insurers and must only apply on a prospective basis. Congress has the power to review and disapprove by joint resolution any covered agreement.