Category: U.S. Congress

In addition to creating a  definition  of  an  Insurance  Savings  and  Loan  Holding Company (“ISLHC”), H.R. 5059 creates a regulatory framework that would limit the Federal Reserve’s oversight of ISLHCs.  

The  U.S. House Financial Services  Subcommittee on Housing and Insurance held a hearing yesterday, March 7, 2018, entitled “Legislative Review of H.R. 5059, the State Insurance Regulation Preservation Act.”  The bill, which was introduced last month by U.S. Representatives Keith …

Approved by the U.S. House Financial Services Committee on December 13, 2017 in a 56 to 4 vote, H.R. 4537, also known as the “International Insurance Standards Act of 2017,“ must now proceed to the U.S. House Committee on Rules.  …

The introduction of private capital and the development of a credit risk transfer mechanism could help the Federal Housing Finance Agency more effectively manage the taxpayer risk from its portfolio of first-time homebuyers, low-income borrowers, and consumers with limited credit …

The U.S. House of Representatives Financial Services’ Housing and Insurance Subcommittee held a hearing entitled “The Federal Government’s Role in the Insurance Industry” yesterday, October 24, 2017.   The hearing examined both the domestic and international roles of the Federal Insurance …

As the National Flood Insurance Program’s (“NFIP’s”) September 30, 2017 re-authorization deadline nears, federal lawmakers have sought information from the Congressional Budget Office (“CBO”) about the NFIP’s financial soundness and its affordability for policyholders. The CBO analyzed roughly 5 million NFIP …

At a U.S. Senate Subcommittee hearing entitled “Insurance Fraud in America: Current Issues Facing Industry and Consumers” held this morning, August 3, 2017, in Washington D.C., U.S. Senator Bill Nelson (D-Fla.) recalled his days as Florida Insurance Commissioner, during which …

  At a U.S. Senate Subcommittee hearing entitled “Insurance Fraud in America: Current Issues Facing Industry and Consumers” held this morning, August 3, 2017, in Washington D.C., U.S. Senator Bill Nelson (D-Fla.) recalled his days as Florida Insurance Commissioner, during …

  The full U.S. House Committee on Financial Services is meeting in an open session this morning, June 15, 2017, to mark up various legislation relating to the reauthorization of the National Flood Insurance Program. The Committee will meet on …

  The U.S. Environmental Protection Agency (“EPA”) has yet to update its statutory policy statement on science quality and integrity, the U.S. Government Accountability Office (“GAO”) reported today, June 8, 2017. An explanatory statement accompanying the Consolidated Appropriations Act of …