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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (1)

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to provide additional flexibility to the Board of Governors of the Federal Reserve System to establish capital standards that are properly tailored to the unique characteristics of the business of insurance, and for other purposes.


Actions Overview (1)

Date
07/25/2013Introduced in Senate

All Actions (2)

Date
03/11/2014Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Hearings held.
Action By: Senate Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions
07/25/2013Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Action By: Senate

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Banking, Housing, and Urban Affairs07/25/2013 Referred to
Senate Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions03/11/2014 Hearings by

No related bill information was received for S.1369.


Subjects (4)


Latest Summary (1)

There is one summary for S.1369. View summaries

Shown Here:
Introduced in Senate (07/25/2013)

Amends the Dodd-Frank Wall Street Reform and Consumer Protection to exclude insurers from bank capital rules.

Declares that a company is "primarily engaged in the business of insurance" if: (1) the annual gross revenues derived by it and all of its subsidiaries from the business of insurance represent at least 2/3 of its consolidated annual gross revenues, or (2) the consolidated assets of the company and its subsidiaries relating to the business of insurance represent at least 2/3 of its consolidated assets.

Exempts from minimum leverage capital requirements and minimum risk-based capital requirements any depository institution holding company that: (1) is primarily engaged in the business of insurance; (2) is an insurance underwriting company at the holding company level and was in existence on July 21, 2010; or (3) any nonbank financial company supervised by the Board of Governors of the Federal Reserve System that, together with its subsidiaries, is primarily engaged in the business of insurance.