US HB4510 | 2013-2014 | 113th Congress

US Congress House Bill 4510 (Prior Session Legislation)

Status

Spectrum: Bipartisan Bill
Status: Introduced on April 29 2014 - 25% progression, died in chamber
Action: 2014-05-20 - Hearings Held by the Subcommittee on Housing and Insurance Prior to Referral.
Text: Latest bill text (Introduced) [PDF]

Summary

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 (Board). 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.

Title

Insurance Capital Standards Clarification Act of 2014

Sponsors

Rep. Gary Miller [R-CA]	Rep. Michele Bachmann [R-MN]	Rep. Spencer Bachus [R-AL]	Rep. Ron Barber [D-AZ]
Rep. Garland Barr [R-KY]	Rep. John Barrow [D-GA]	Rep. Joyce Beatty [D-OH]	Rep. Gus Bilirakis [R-FL]
Rep. Diane Black [R-TN]	Rep. Earl Blumenauer [D-OR]	Rep. Charles Boustany [R-LA]	Rep. Jim Bridenstine [R-OK]
Rep. Mo Brooks [R-AL]	Rep. Susan Brooks [R-IN]	Rep. Paul Broun [R-GA]	Rep. Corrine Brown [D-FL]
Rep. Cheri Bustos [D-IL]	Rep. G. Butterfield [D-NC]	Rep. Bradley Byrne [R-AL]	Rep. Ken Calvert [R-CA]
Rep. John Campbell [R-CA]	Rep. Michael Capuano [D-MA]	Rep. John Carney [D-DE]	Rep. Steve Chabot [R-OH]
Rep. Katherine Clark [D-MA]	Rep. Yvette Clarke [D-NY]	Rep. Lacy Clay [D-MO]	Rep. Emanuel Cleaver [D-MO]
Rep. Howard Coble [R-NC]	Rep. Tom Cole [R-OK]	Rep. Chris Collins [R-NY]	Rep. Gerald Connolly [D-VA]
Rep. Jim Cooper [D-TN]	Rep. Jim Costa [D-CA]	Sen. Tom Cotton [R-AR]	Rep. Joe Courtney [D-CT]
Sen. Kevin Cramer [R-ND]	Rep. Eric Crawford [R-AR]	Rep. Ander Crenshaw [R-FL]	Rep. Joseph Crowley [D-NY]
Rep. Rodney Davis [R-IL]	Rep. John Delaney [D-MD]	Rep. Rosa DeLauro [D-CT]	Rep. Suzan DelBene [D-WA]
Rep. Jeff Denham [R-CA]	Rep. Charles Dent [R-PA]	Rep. Mario Diaz-Balart [R-FL]	Rep. Michael Doyle [D-PA]
Sen. Tammy Duckworth [D-IL]	Rep. Sean Duffy [R-WI]	Rep. John Duncan [R-TN]	Rep. Keith Ellison [D-MN]
Rep. Renee Ellmers [R-NC]	Rep. Eliot Engel [D-NY]	Rep. Elizabeth Esty [D-CT]	Rep. Blake Farenthold [R-TX]
Rep. Sam Farr [D-CA]	Rep. Stephen Fincher [R-TN]	Rep. Michael Fitzpatrick [R-PA]	Rep. Charles Fleischmann [R-TN]
Rep. Randy Forbes [R-VA]	Rep. Jeff Fortenberry [R-NE]	Rep. Bill Foster [D-IL]	Rep. Trent Franks [R-AZ]
Rep. Rodney Frelinghuysen [R-NJ]	Rep. Marcia Fudge [D-OH]	Rep. John Garamendi [D-CA]	Rep. Joe Garcia [D-FL]
Sen. Cory Gardner [R-CO]	Rep. Scott Garrett [R-NJ]	Rep. Jim Gerlach [R-PA]	Rep. Bob Gibbs [R-OH]
Rep. Christopher Gibson [R-NY]	Rep. Bob Goodlatte [R-VA]	Rep. Sam Graves [R-MO]	Rep. Tom Graves [R-GA]
Rep. Al Green [D-TX]	Rep. Tim Griffin [R-AR]	Rep. Michael Grimm [R-NY]	Rep. Brett Guthrie [R-KY]
Rep. Luis Gutierrez [D-IL]	Rep. Richard Hanna [R-NY]	Rep. Vicky Hartzler [R-MO]	Rep. Alcee Hastings [D-FL]
Rep. Doc Hastings [R-WA]	Rep. Denny Heck [D-WA]	Rep. James Himes [D-CT]	Rep. Ruben Hinojosa [D-TX]
Rep. George Holding [R-NC]	Rep. Rush Holt [D-NJ]	Rep. Steven Horsford [D-NV]	Rep. Richard Hudson [R-NC]
Rep. Jared Huffman [D-CA]	Rep. Bill Huizenga [R-MI]	Rep. Randy Hultgren [R-IL]	Rep. Robert Hurt [R-VA]
Rep. Steve Israel [D-NY]	Rep. Hakeem Jeffries [D-NY]	Rep. Lynn Jenkins [R-KS]	Rep. Sam Johnson [R-TX]
Rep. David Joyce [R-OH]	Rep. Robin Kelly [D-IL]	Rep. Joseph Kennedy [D-MA]	Rep. Daniel Kildee [D-MI]
Rep. Derek Kilmer [D-WA]	Rep. Ron Kind [D-WI]	Rep. Peter King [R-NY]	Rep. Adam Kinzinger [R-IL]
Rep. John Kline [R-MN]	Rep. Ann Kuster [D-NH]	Rep. Leonard Lance [R-NJ]	Rep. James Langevin [D-RI]
Rep. John Larson [D-CT]	Rep. Tom Latham [R-IA]	Rep. Daniel Lipinski [D-IL]	Rep. Frank LoBiondo [R-NJ]
Rep. David Loebsack [D-IA]	Rep. Billy Long [R-MO]	Rep. Alan Lowenthal [D-CA]	Rep. Frank Lucas [R-OK]
Rep. Blaine Luetkemeyer [R-MO]	Sen. Ben Lujan [D-NM]	Rep. Stephen Lynch [D-MA]	Rep. Daniel Maffei [D-NY]
Rep. Carolyn Maloney [D-NY]	Rep. Sean Maloney [D-NY]	Rep. Kenny Marchant [R-TX]	Rep. Jim Matheson [D-UT]
Rep. Doris Matsui [D-CA]	Rep. Carolyn McCarthy [D-NY]	Rep. James McGovern [D-MA]	Rep. Patrick McHenry [R-NC]
Rep. Howard McKeon [R-CA]	Rep. Mark Meadows [R-NC]	Rep. Patrick Meehan [R-PA]	Rep. Gregory Meeks [D-NY]
Rep. Grace Meng [D-NY]	Rep. Luke Messer [R-IN]	Rep. Michael Michaud [D-ME]	Rep. Candice Miller [R-MI]
Rep. Gwen Moore [D-WI]	Rep. James Moran [D-VA]	Rep. Mick Mulvaney [R-SC]	Rep. Patrick Murphy [D-FL]
Rep. Tim Murphy [R-PA]	Rep. Richard Neal [D-MA]	Rep. Randy Neugebauer [R-TX]	Rep. Richard Nugent [R-FL]
Rep. Devin Nunes [R-CA]	Rep. Alan Nunnelee [R-MS]	Rep. William Owens [D-NY]	Rep. Frank Pallone [D-NJ]
Rep. Bill Pascrell [D-NJ]	Rep. Erik Paulsen [R-MN]	Rep. Donald Payne [D-NJ]	Rep. Stevan Pearce [R-NM]
Rep. Ed Perlmutter [D-CO]	Rep. Scott Perry [R-PA]	Sen. Gary Peters [D-MI]	Rep. Scott Peters [D-CA]
Rep. Collin Peterson [D-MN]	Rep. Robert Pittenger [R-NC]	Rep. Mark Pocan [D-WI]	Rep. Jared Polis [D-CO]
Rep. Tom Price [R-GA]	Rep. Mike Quigley [D-IL]	Rep. Charles Rangel [D-NY]	Rep. Tom Reed [R-NY]
Rep. David Reichert [R-WA]	Rep. James Renacci [R-OH]	Rep. Reid Ribble [R-WI]	Rep. Tom Rice [R-SC]
Rep. Cedric Richmond [D-LA]	Rep. Mike D. Rogers [R-AL]	Rep. Mike J. Rogers [R-MI]	Rep. Thomas Rooney [R-FL]
Rep. Peter Roskam [R-IL]	Rep. Dennis Ross [R-FL]	Rep. Keith Rothfus [R-PA]	Rep. Edward Royce [R-CA]
Rep. Jon Runyan [R-NJ]	Rep. Tim Ryan [D-OH]	Rep. Matt Salmon [R-AZ]	Rep. Linda Sanchez [D-CA]
Sen. Adam Schiff [D-CA]	Rep. Bradley Schneider [D-IL]	Rep. Aaron Schock [R-IL]	Rep. Kurt Schrader [D-OR]
Rep. David Schweikert [R-AZ]	Rep. David Scott [D-GA]	Rep. James Sensenbrenner [R-WI]	Rep. Jose Serrano [D-NY]
Rep. Pete Sessions [R-TX]	Rep. Terri Sewell [D-AL]	Rep. Carol Shea-Porter [D-NH]	Rep. Brad Sherman [D-CA]
Rep. John Shimkus [R-IL]	Sen. Kyrsten Sinema [I-AZ]	Rep. Albio Sires [D-NJ]	Rep. Adrian Smith [R-NE]
Rep. Christopher Smith [R-NJ]	Rep. Jackie Speier [D-CA]	Rep. Steve Stivers [R-OH]	Rep. Marlin Stutzman [R-IN]
Rep. Eric Swalwell [D-CA]	Rep. Mark Takano [D-CA]	Rep. Lee Terry [R-NE]	Rep. Mike Thompson [D-CA]
Rep. Patrick Tiberi [R-OH]	Rep. Scott Tipton [R-CO]	Rep. Paul Tonko [D-NY]	Rep. Michael Turner [R-OH]
Rep. Fred Upton [R-MI]	Sen. Chris Van Hollen [D-MD]	Rep. Juan Vargas [D-CA]	Rep. Ann Wagner [R-MO]
Rep. Greg Walden [R-OR]	Rep. Debbie Wasserman Schultz [D-FL]	Rep. Maxine Waters [D-CA]	Rep. Randy Weber [R-TX]
Rep. Daniel Webster [R-FL]	Sen. Peter Welch [D-VT]	Rep. Brad Wenstrup [R-OH]	Rep. Lynn Westmoreland [R-GA]
Rep. Frederica Wilson [D-FL]	Rep. Robert Wittman [R-VA]	Rep. Steve Womack [R-AR]	Sen. Todd Young [R-IN]

History

Date	Chamber	Action
2014-05-20	House	Hearings Held by the Subcommittee on Housing and Insurance Prior to Referral.
2014-04-29	House	Referred to the House Committee on Financial Services.

Same As/Similar To

SB2102 (Related) 2014-03-11 - Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Hearings held.
SB2270 (Same As) 2014-12-18 - Became Public Law No: 113-279.
HB5461 (Related) 2014-09-17 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.