H.R.4557: Policyholder Protection 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 Bill Posey, R-Fla.
Total Cosponsors 4 (1 Democrat, 3 Republicans)
Introduced May 1, 2014
Latest Major Action May 20, 2014
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

Policyholder Protection Act of 2014 - Amends the Federal Deposit Insurance Act to declare that any regulation, order, or other action of the Board of Governors of the Federal Reserve System that requires a bank holding company to provide funds or other assets to a subsidiary depository institution shall not be effective nor enforceable with respect to an entity that is a savings and loan holding company that is also an insurance company, an affiliate of an insured depository institution that is an insurance company, or any other company that is an insurance company and that directly or indirectly controls an insured depository institution if: (1) such funds or assets are to be provided by the entity, and (2) the state insurance authority for the insurance company determines that such an action would have a materially adverse effect on the entity's financial condition.

Declares further that requiring a bank holding company that is an insurance company or such an enti...

(Source: Congressional Research Service)

Bill Actions

Date Description
May 20, 2014 Hearings Held by the Subcommittee on Housing and Insurance Prior to Referral.
May 1, 2014 Referred to the House Committee on Financial Services.