H.R.5637: Nonadmitted and Reinsurance Reform Act of 2006

About This Bill

Bill Summary

Nonadmitted and Reinsurance Reform Act of 2006 - Title I: Nonadmitted Insurance - (Sec. 101) Prohibits any state other than the home state of an insured from requiring a premium tax payment for nonadmitted insurance (property and casualty insurance, usually for unique or hard-to-place risks, permitted to be placed directly or through a surplus lines broker with an eligible nonadmitted insurer, that is, an insurer not licensed to engage in the...

(Source: Library of Congress)

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.5637.

Bill Actions

Date Description
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, 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.
Referred to House Financial Services
Referred to House Judiciary
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Mr. Price (GA) asked unanimous consent that the Committee on Financial Services have until 5:00 p.m. on Aug. 11 to file a report on H.R. 5637. Agreed to without objection.
Reported (Amended) by the Committee on Financial Services. H. Rept. 109-649, Part I.
House Committee on Judiciary Granted an extension for further consideration ending not later than Sept. 22, 2006.
Referred to the Subcommittee on Commercial and Administrative Law.
Subcommittee Hearings Held.
Committee on Judiciary discharged.
Placed on the Union Calendar, Calendar No. 404.
Mr. Oxley moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules.
DEBATE - The House proceeded with forty minutes of debate on H.R. 5637.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business.
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 0 (Roll no. 492).
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
June 19, 2006

Introduced in the House by Ginny Brown-Waite (R-Fla.)

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