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S.2270: 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 Susan Collins, R-Maine
Total Cosponsors 33 (16 Democrats, 1 Independent, 16 Republicans)
Introduced April 29, 2014
Latest Major Action Dec. 18, 2014
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See it on C-SPAN

Bill Progress

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

Bill Summary

(This measure has not been amended since it was passed by the Senate on June 3, 2014. The summary of that version is repeated here.)

Insurance Capital Standards Clarification Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) 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.

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).

States that a Board-supervised depository...

(Source: Congressional Research Service)

Bill Actions

Date Description
Dec. 18, 2014 Became Public Law No: 113-279.
Dec. 18, 2014 Signed by President.
Dec. 12, 2014 Presented to President.
Dec. 10, 2014 Motion to reconsider laid on the table Agreed to without objection.
Dec. 10, 2014 On passage Passed without objection. (text: CR H9019-9020)
Dec. 10, 2014 Considered by unanimous consent. (consideration: CR H9019-9020)
Dec. 10, 2014 Committee on Financial Services discharged.
Dec. 10, 2014 Mr. Neugebauer asked unanimous consent to discharge from committee and consider.
Sept. 16, 2014 Committee on Banking, Housing, and Urban Affairs. Hearings held.
June 5, 2014 Referred to the House Committee on Financial Services.
June 5, 2014 Received in the House.
June 4, 2014 Message on Senate action sent to the House.
June 3, 2014 Passed Senate with an amendment by Unanimous Consent.
June 3, 2014 Measure laid before Senate by unanimous consent. (consideration: CR S3383-3384)
June 3, 2014 Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
April 29, 2014 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2472-2473)