Legislators
Bills
Statements
Represent

H.R.1155: National Association of Registered Agents and Brokers Reform Act of 2013

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Randy Neugebauer, R-Texas
Total Cosponsors 90 (29 Democrats, 61 Republicans)
Introduced March 14, 2013
Latest Major Action Sept. 11, 2013
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

National Association of Registered Agents and Brokers Reform Act of 2013 - (Sec. 2) Amends the Gramm-Leach-Bliley Act to repeal the contingent conditions under which the National Association of Registered Agents and Brokers (NARAB) shall not be established. Establishes the NARAB without contingent conditions as an independent nonprofit corporation to prescribe, on a multi-state basis, licensing and insurance producer qualification requirements and conditions.

Prohibits the NARAB from merging with or into any other private or public entity.

Requires the NARAB, without affecting state regulatory authority, to provide a mechanism for the adoption and multi-state application of requirements and conditions pertaining to: (1) licensing, continuing education, and other qualifications of non-NARAB insurance producers; (2) resident or nonresident insurance producer appointments; (3) supervision and disciplining of such producers; and (4) the setting of licensing fees for i...

(Source: Congressional Research Service)

Bill Actions

Date Description
Sept. 11, 2013 Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 182.
Sept. 10, 2013

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 397 - 6 (Roll no. 450). (text: CR H5443-5447)

Sept. 10, 2013 Considered as unfinished business. (consideration: CR H5455-5456)
Sept. 10, 2013 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.
Sept. 10, 2013 DEBATE - The House proceeded with forty minutes of debate on H.R. 1155.
Sept. 10, 2013 Considered under suspension of the rules. (consideration: CR H5443-5449)
Sept. 10, 2013 Mr. Neugebauer moved to suspend the rules and pass the bill, as amended.
March 14, 2013 Referred to the House Committee on Financial Services.