Results for
State Insurance Regulation Preservation Act
S #3123 | Last Action: 12/19/2019State Insurance Regulation Preservation Act This bill provides for the registration of insurance savings and loan holding companies. Certain Federal Reserve Board (FRB) regulations as applied to these companies must be tailored to the insurance business and applicable state insurance requirements. The bill generally excludes assets attributable to the business of insurance for the purpose of calculating whether these companies are subject to certain FRB assessments and fees.Primary Regulators of Insurance Vote Act of 2019
S #1298 | Last Action: 5/2/2019Primary Regulators of Insurance Vote Act of 2019 This bill establishes a state insurance commissioner as a voting member of the Financial Stability Oversight Council. The member is appointed by the President with the advice and consent of the Senate. Under current law, this member is nonvoting and selected by state insurance commissioners.Primary Regulators of Insurance Vote Act of 2019
HR #2479 | Last Action: 5/2/2019Primary Regulators of Insurance Vote Act of 2019 This bill establishes a state insurance commissioner as a voting member of the Financial Stability Oversight Council. The member is appointed by the President with the advice and consent of the Senate. Under current law, this member is nonvoting and selected by state insurance commissioners.Pandemic Risk Insurance Act of 2020
HR #6983 | Last Action: 5/22/2020Pandemic Risk Insurance Act of 2020 This bill establishes the Pandemic Risk Reinsurance Program within the Department of the Treasury. The program generally provides compensation to insurers if they incur losses as a result of coverage related to pandemics and outbreaks of disease. Insurers may elect to participate in the program if they meet certain criteria. Specifically, insurers participating in the program must offer, in all business interruption insurance policies, coverage for public health emergencies related to an outbreak of infectious disease or a pandemic declared on or after January 1, 2021, and certified by the Department of Health and Human Services. The program is triggered when aggregate industry insured losses for participating insurers resulting from a covered public health emergency exceed $250 million. The bill establishes the share of insured losses the program would cover, conditions for payment to insurers, caps on annual liability, and the amount insurers must annually pay in deductibles. The bill also provides for the treatment of existing business interruption insurance policies and state residual market insurance entities. The Government Accountability Office must report on the availability and affordability of business interruption insurance.Pandemic Risk Insurance Act of 2020
HR #7011 | Last Action: 5/26/2020Pandemic Risk Insurance Act of 2020 This bill establishes the Pandemic Risk Reinsurance Program within the Department of the Treasury. The program generally provides compensation to insurers if they incur losses as a result of coverage related to pandemics and outbreaks of disease. Insurers may elect to participate in the program if they meet certain criteria. Specifically, insurers participating in the program must offer, in all business interruption insurance policies, coverage for public health emergencies related to an outbreak of infectious disease or a pandemic declared on or after January 1, 2021, and certified by the Department of Health and Human Services. The program is triggered when aggregate industry insured losses for participating insurers resulting from a covered public health emergency exceed $250 million. The bill establishes the share of insured losses the program would cover, conditions for payment to insurers, caps on annual liability, and the amount insurers must annually pay in deductibles. The bill also provides for the treatment of existing business interruption insurance policies and state residual market insurance entities. The Government Accountability Office must report on the availability and affordability of business interruption insurance.Business of Insurance Regulatory Reform Act of 2020
S #4325 | Last Action: 7/27/2020Business of Insurance Regulatory Reform Act of 2020 This bill revises the authority of the Consumer Financial Protection Bureau (CFPB) over activities regulated by a state insurance regulator. The CFPB may not pursue enforcement against any person regulated by a state insurance regulator and offering a consumer financial product or service, to the extent that person is engaged in the business of insurance. If a person engaged in the business of insurance is regulated by a state insurance regulator but otherwise subject to the CFPB's enforcement authority, the CFPB must construe its authority narrowly.A bill to amend the Internal Revenue Code of 1986 to expand eligibility for the health care tax credit to workers in certain critical industries.
S #3582 | Last Action: 3/25/2020This bill extends the tax credit for health insurance costs to eligible national defense or infrastructure workers. Aneligible national defense or infrastructure workeris an individual who was employed in a critical industry as of January 31, 2020, filed for unemployment compensation after such date, and is covered by health insurance. Acritical industryis an industry related to critical national infrastructure or national defense and is severely distressed due to COVID-19 (i.e., the coronavirus disease 2019). The bill also extends the tax credit through 2022.Eliminating Corporate Shadow Banking Act of 2019
S #2839 | Last Action: 11/12/2019Eliminating Corporate Shadow Banking Act of 2019 This bill provides for the regulation of industrial loan companies by the Federal Reserve. Industrial loan companies must comply with specified reporting, examination, and ownership requirements. (Industrial loan companies may generally provide services similar to depository institutions, but their parent holding company may be a nonfinancial, commercial firm.)International Insurance Standards Act of 2019
HR #4592 | Last Action: 10/1/2019International Insurance Standards Act of 2019 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. In developing international insurance standards, the parties must coordinate with state insurance regulators. 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. Before entering into any agreement, the parties must report to Congress regarding the implementation and impact of the agreement.Commercial Fishing Industry Vessel Clarification Act
HR #3140 | Last Action: 6/5/2019Commercial Fishing Industry Vessel Clarification Act This bill modifies provisions concerning uninspected fishing vessels to prescribe and require the prescription of certain safety standards on fishing, fish tender, or fish processing vessels. Among other things, the bill addresses * vessel construction standards, * regulations for the operating stability of vessels, * training requirements for vessel operators, * vessel certification requirements, * the alternate safety compliance program, * the substitute safety compliance program, * the enhanced substitute safety compliance program, * record keeping requirements for vessel operators, * vessel inspection requirements, * the Fishing Safety Training Grant Program, and * the Fishing Safety Research Grant Program.National Technology Industrial Base Enhancement Act of 2020
S #3882 | Last Action: 6/3/2020National Technology Industrial Base Enhancement Act of 2020 This bill establishes the National Technology Industrial Base Quadrilateral Council to address issues such as industrial security, supply-chain security, cybersecurity, foreign ownership, and management best practices.To direct the Secretary of the Treasury to modify certain regulations relating to insurance-dedicated exchange-traded funds.
HR #6732 | Last Action: 5/5/2020This bill directs the Department of the Treasury to modify certain regulations relating to insurance-dedicated exchange-traded funds. Anexchange-traded fundis a regulated investment company, partnership, or trust (1) that is registered with the Securities and Exchange Commission as an open-end investment company or a unit investment trust, (2) the shares of which can be purchased or redeemed directly from the fund only by an authorized participant (i.e., a financial institution that is a member or participant of a registered clearing agency), and (3) the shares of which are traded throughout the day on a national stock exchange at market prices that may or may not be the same as the net asset value of the shares.Prohibit Auto Insurance Discrimination Act
S #4755 | Last Action: 9/29/2020Prohibit Auto Insurance Discrimination Act This bill prohibits an automobile insurer from considering specified factors when determining a consumer's insurance rates or eligibility. These prohibited factors include * gender, * employment status, * zip code, * census tract, * marital status, and * credit score. Automobile insurers must make underwriting rules and rate filings available to the public. The Federal Trade Commission may enforce a violation of these requirements as an unfair or deceptive act or practice.Prohibit Auto Insurance Discrimination Act
HR #3693 | Last Action: 7/10/2019Prohibit Auto Insurance Discrimination Act This bill prohibits an automobile insurer from considering specified factors when determining a consumer's insurance rates or eligibility. These prohibited factors include * gender, * employment status, * zip code, * census tract, * marital status, and * credit score. Automobile insurers must make underwriting rules and rate filings available to the public. The Federal Trade Commission may enforce a violation of these requirements as an unfair or deceptive act or practice.FDIC Act
S #3298 | Last Action: 2/13/2020Financial Defense for Industrial Contractors Act or the FDIC Act This bill requires the Federal Deposit Insurance Corporation to begin proceedings for terminating the insured status of large depository institutions that deny banking services to federal contractors that otherwise qualify for such services.Energy Savings and Industrial Competitiveness Act of 2019
S #2137 | Last Action: 10/23/2019Energy Savings and Industrial Competitiveness Actof 2019 This bill revises a variety of programs to encourage energy efficiency in buildings, industry, and the federal government, including by encouraging * energy efficiency in residential, commercial, federal, or school buildings; * energy-efficient technologies and processes for industrial applications; * sustainable manufacturing; * energy-efficient electric motors or transformers; or * federal use of energy-efficient and energy-saving information technologies.Energy Savings and Industrial Competitiveness Act of 2019
HR #3962 | Last Action: 7/26/2019Energy Savings and Industrial Competitiveness Actof 2019 This bill revises a variety of programs to encourage energy efficiency in buildings, industry, and the federal government, including by encouraging * energy efficiency in residential, commercial, federal, or school buildings; * energy-efficient technologies and processes for industrial applications; * sustainable manufacturing; * energy-efficient electric motors or transformers; or * federal use of energy-efficient and energy-saving information technologies.A bill to require reports on artificial intelligence regulation in the financial services industry.
S #4870 | Last Action: 7/30/2024Prudential Regulator Oversight Act
HR #4841 | Last Action: 1/13/2020Prudential Regulator Oversight Act This bill requires the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration to report semiannually and testify annually on their supervisory and regulatory responsibilities and activities.Steel Industry Preservation Act
HR #2993 | Last Action: 5/23/2019Steel Industry Preservation Act This bill extends and modifies the production tax credit for steel industry fuel. (Under current law, steel industry fuel is a fuel which is: (1) produced through a process of liquefying coal waste sludge and distributing it on coal, and (2) used as a feedstock for the manufacture of coke.) The bill modifies the tax credit for steel industry fuel to * extend the credit period and the placed-in-service date, * revise the definition of "steel industry fuel" to allow blends of coal and petroleum coke or other coke feedstock in the fuel, * set forth ownership requirements, and * specify requirements for treating an owner as producing and selling steel industry fuel. A taxpayer that produces steel industry fuel may elect to accept an increased tax credit in lieu of certain deductions for expenses in connection with the production of steel industry fuel. The bill specifies the treatment of the credit for the purpose of the alternative minimum tax. It also exempts transactions related to steel industry fuel from rules that restrict deductions and other tax benefits for activities that are not engaged in for profit or that do not have economic substance.Steel Industry Preservation Act
S #1627 | Last Action: 5/23/2019Steel Industry Preservation Act This bill extends and modifies the production tax credit for steel industry fuel. (Under current law, steel industry fuel is a fuel which is: (1) produced through a process of liquefying coal waste sludge and distributing it on coal, and (2) used as a feedstock for the manufacture of coke.) The bill modifies the tax credit for steel industry fuel to * extend the credit period and the placed-in-service date, * revise the definition of "steel industry fuel" to allow blends of coal and petroleum coke or other coke feedstock in the fuel, * set forth ownership requirements, and * specify requirements for treating an owner as producing and selling steel industry fuel. A taxpayer that produces steel industry fuel may elect to accept an increased tax credit in lieu of certain deductions for expenses in connection with the production of steel industry fuel. The bill specifies the treatment of the credit for the purpose of the alternative minimum tax. It also exempts transactions related to steel industry fuel from rules that restrict deductions and other tax benefits for activities that are not engaged in for profit or that do not have economic substance.Fair Flood Insurance Act of 2019
HR #3146 | Last Action: 6/5/2019Fair Flood Insurance Act of 2019 This bill exempts from rulemaking the Federal Emergency Management Agency's (FEMA's) implementation of monthly premium payment schedules for flood insurance. FEMA may implement this schedule as a pilot program. The Government Accountability Office must report on the costs associated with monthly payment of premiums. FEMA must annually report on these costs.To amend the Public Health Service Act to provide for cooperative governing of individual health insurance coverage.
HR #71 | Last Action: 1/3/2019This bill establishes which state law governs health insurers offering coverage in multiple states. Specifically, the bill provides that the laws of a state designated by a health insurer (primary state) apply to individual health insurance coverage offered by that insurer in any state (secondary state) if the coverage, states, and insurer comply with the conditions of this bill. Insurers are exempted from any secondary state's laws that would prohibit or regulate the operation of the insurer in that state. The primary state is given sole jurisdiction to enforce its covered laws in any secondary state. The Government Accountability Office must study the effect of this bill on specified health insurance issues.Clean Industrial Technology Act of 2019
HR #3978 | Last Action: 7/26/2019Clean Industrial Technology Act of 2019 or the CIT Act of 2019 This bill provides incentives for the nonpower industrial sector to reduce nonwater greenhouse gas emissions to the atmosphere. Specifically, the bill requires the Department of Energy (DOE) to establish an industrial emissions reduction technology research, development, demonstration, and commercial application program. Under the program, DOE must award grants and fund demonstration projects to develop and evaluate technologies designed to increase (1) the industrial competitiveness of the United States, and (2) the emission reductions of nonpower industrial sectors. DOE may also enter into contracts and cooperative agreements for these purposes. In addition, DOE must establish an Industrial Technology Innovation Advisory Committee to provide advice to DOE and the Office of Science and Technology Policy about the program. Finally, DOE must establish a technical assistance program to achieve emission reductions in nonpower industrial sectors.Clean Industrial Technology Act of 2019
HR #4230 | Last Action: 8/14/2020Clean Industrial Technology Act of 2019 or the CIT Act of 2019 This bill provides incentives for the nonpower industrial sector to reduce nonwater greenhouse gas emissions to the atmosphere. Specifically, the bill requires the Department of Energy (DOE) to establish a research, development, and demonstration program to further the development and commercial application of innovative industrial emissions reduction technologies. Under the program, DOE must award grants and fund demonstration projects to develop and evaluate technologies designed to increase (1) the industrial competitiveness of the United States, and (2) the emission reductions of nonpower industrial sectors. DOE may also enter into contracts and cooperative agreements for these purposes. In addition, DOE must establish an Industrial Technology Innovation Advisory Committee to provide advice to DOE and the Office of Science and Technology Policy about the program. Finally, DOE must establish a technical assistance program to promote the commercial application of such emission reduction technologies.