US Congress Senate Bill 2270 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on December 18 2014 - 100% progression
Action: 2014-12-18 - Became Public Law No: 113-279.
Text: Latest bill text (Enrolled) [PDF]

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 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). 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.

Insurance Capital Standards Clarification Act of 2014

Sen. Susan Collins [R-ME]	Sen. Kelly Ayotte [R-NH]	Sen. Tammy Baldwin [D-WI]	Sen. Richard Blumenthal [D-CT]
Sen. Roy Blunt [R-MO]	Sen. Cory Booker [D-NJ]	Sen. Sherrod Brown [D-OH]	Sen. Richard Burr [R-NC]
Sen. Thomas Carper [D-DE]	Sen. Saxby Chambliss [R-GA]	Sen. Richard Durbin [D-IL]	Sen. Michael Enzi [R-WY]
Sen. Deb Fischer [R-NE]	Sen. Chuck Grassley [R-IA]	Sen. Kay Hagan [D-NC]	Sen. Tom Harkin [D-IA]
Sen. Heidi Heitkamp [D-ND]	Sen. Dean Heller [R-NV]	Sen. Johnny Isakson [R-GA]	Sen. Mike Johanns [R-NE]
Sen. Angus King [I-ME]	Sen. Mark Kirk [R-IL]	Sen. Amy Klobuchar [D-MN]	Sen. Claire McCaskill [D-MO]
Sen. Robert Menendez [D-NJ]	Sen. Jerry Moran [R-KS]	Sen. Rob Portman [R-OH]	Sen. Charles Schumer [D-NY]
Sen. Tim Scott [R-SC]	Sen. Jeanne Shaheen [D-NH]	Sen. Jon Tester [D-MT]	Sen. Pat Toomey [R-PA]
Sen. David Vitter [R-LA]	Sen. Mark Warner [D-VA]

Date	Chamber	Action
2014-12-18	House	Became Public Law No: 113-279.
2014-12-18	House	Signed by President.
2014-12-12	House	Presented to President.
2014-12-10	House	Motion to reconsider laid on the table Agreed to without objection.
2014-12-10	House	On passage Passed without objection. (text: CR H9019-9020)
2014-12-10	House	Considered by unanimous consent. (consideration: CR H9019-9020)
2014-12-10	House	Committee on Financial Services discharged.
2014-12-10	House	Mr. Neugebauer asked unanimous consent to discharge from committee and consider.
2014-09-16	House	Committee on Banking, Housing, and Urban Affairs. Hearings held.
2014-06-05	House	Referred to the House Committee on Financial Services.
2014-06-05	House	Received in the House.
2014-06-04	Senate	Message on Senate action sent to the House.
2014-06-03	Senate	Passed Senate with an amendment by Unanimous Consent.
2014-06-03	Senate	S.AMDT.3229 Amendment SA 3229 agreed to in Senate by Unanimous Consent.
2014-06-03	Senate	S.AMDT.3229 Amendment SA 3229 proposed by Senator Stabenow for Senator Collins. (consideration: CR S3383-3384; text: CR S3383-3384)In the nature of a substitute.
2014-06-03	Senate	Measure laid before Senate by unanimous consent. (consideration: CR S3383-3384)
2014-06-03	Senate	Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
2014-04-29	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2472-2473)
2014-04-29	Senate	Sponsor introductory remarks on measure. (CR S2471-2472)

HB4510 (Same As) 2014-05-20 - Hearings Held by the Subcommittee on Housing and Insurance Prior to Referral.
SB2102 (Related) 2014-03-11 - Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Hearings held.
HB5461 (Related) 2014-09-17 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/2270/all-info
Text	https://www.congress.gov/113/bills/s2270/BILLS-113s2270is.pdf
Text	https://www.congress.gov/113/bills/s2270/BILLS-113s2270es.pdf
Text	https://www.congress.gov/113/bills/s2270/BILLS-113s2270enr.pdf