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H.R.4510: Insurance Capital Standards Clarification Act of 2014
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||Gary G. Miller, R-Calif.|
|Total Cosponsors||227 (105 Democrats, 122 Republicans)|
|Introduced||April 29, 2014|
|Latest Major Action||May 20, 2014|
|See it on||GovTrack|
|See it on||C-SPAN|
- Bill introduced in the House
- Bill passed in the House
- Bill passed in the Senate
- Bill signed into law
Insurance Capital Standards Clarification Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act 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 (Board).
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).
Exempts from any requirement to prepare holding company financial statements in accordance with Generally Accepted Accounting Principles any Board-supervised depository institution holding comp...
(Source: Congressional Research Service)
|May 20, 2014||Hearings Held by the Subcommittee on Housing and Insurance Prior to Referral.|
|April 29, 2014||Referred to the House Committee on Financial Services.|