Top Legislation - View All
Also tagged in: Administrative remedies, Auditing, Budgets, Building laws, Business, Business records, Condominium (Housing), Congress, Congressional investigations, Congressional reporting requirements, Consumer education, Consumers, Disaster insurance, Electronic government information, Emergency management, Employee training, Executive departments, Federal Emergency Management Agency, Federal employees, Finance, Fines (Penalties), Flood control, Floods, Government information, Government paperwork, Government publications, Government publicity, Governmental investigations, Grants-in-aid, Housing, Hurricanes, Insurance companies, Insurance premiums, Job training, Land use, Law, Limitation of actions, Local laws, Louisiana, Low-income housing, Maps, Mediation, Mississippi, Mortgage banks, Recruiting of employees, Risk, State and local government, State laws, Storms, Technology, Telecommunication, Tornadoes, Welfare, Zoning and zoning law
Latest Action: 07/10/2008 - Mr. Capuano moved that the House disagree to the Senate amendment, and request a conference. Bill TextTo restore the financial solvency of the national flood insurance program and to provide for such program to make available multiperil coverage for damage resulting from windstorms and floods, and for other purposes. 9/27/2007--Passed House amended. (There are 2 other summaries) Flood Insurance Reform and Modernization Act of 2007 - (Sec. 3) Directs the Comptroller General to study and report to Congress on: (1) the flood insurance coverage status of pre-FIRM properties; and (2) assess the impact, effectiveness, and feasibility of amending the Flood Disaster Protection Act of 1973 regarding properties subject to the mandatory flood insurance purchase requirement for a natural 100-year floodplain, and possible extension of such requirement to properties securing nonfederally related loans. (A pre-FIRM structure is one that was not constructed or substantially improved after the later of: (1) December 31, 1974; or (2) the effective date of the [...] show full description
Also tagged in: Antitrust law, Bankruptcy, Business, Casualty insurance, Corporate mergers, Corporate reorganizations, Department of the Treasury, Executive departments, Executive reorganization, Federal preemption, Finance, Holding companies, Insurance companies, Insurance law, Law, Licenses, Life insurance, Ombudsman, Politics and government, Property insurance, State and local government, State laws
Latest Action: 05/24/2007 - Sponsor introductory remarks on measure. (CR S6849) Bill TextA bill to authorize the issuance of Federal charters and licenses for carrying on the sale, solicitation, negotiation, and underwriting of insurance or any other insurance operations, to provide a comprehensive system for the Federal regulation and supervision of national insurers and national agencies, to provide for policyholder protections in the event of an insolvency or the impairment of a national insurer, and for other purposes. 5/24/2007--Introduced. National Insurance Act of 2007 - Establishes in the Department of the Treasury an Office of National Insurance (ONI), headed by a Commissioner of National Insurance, with Divisions of Insurance Fraud and of Consumer Affairs, and an Office of the Ombudsman.Authorizes the Commissioner to supervise, regulate, and provide for registration of insurance self-regulatory organizations. Requires the Commissioner to supervise national insurers and national agencies, including chartering and licensing. Removes them,[...] show full description
Also tagged in: Administrative fees, Administrative procedure, Bankruptcy, Budgets, Business, Civil rights, Collective bargaining, Congress, Congressional reporting requirements, Criminal justice, Delegation of powers, Department of Labor, Discrimination in insurance, Discrimination in medical care, Employee health benefits, Executive departments, Federal advisory bodies, Federal preemption, Federal-state relations, Finance, Fines (Penalties), Flexible benefit plans, Franchises (Retail trade), Government information, Government paperwork, Government trust funds, Health care fraud, Health insurance, Health policy, Injunctions, Insurance, Insurance premiums, Labor, Labor contracts, Labor unions, Law, Licenses, Medical care, Medical economics, Medically uninsured, Professional associations, Small business, Standards, State and local government, State laws, State politics and government, State taxation, Surety and fidelity, Tax rates, Taxation, Trade associations, Trusts and trustees, Valuation
Latest Action: 05/09/2007 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Bill TextTo amend title I of the Employee Retirement Income Security Act of 1974 to improve access and choice for entrepreneurs with small businesses with respect to medical care for their employees. 1/5/2007--Introduced. Small Business Health Fairness Act of 2007 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide for establishment and governance of association health plans (AHPs), which are group health plans whose sponsors are trade, industry, professional, chamber of commerce, or similar business associations, and which meet certain ERISA certification requirements. Sets forth rules governing AHPs, including requirements relating to certification, sponsors and boards of trustees, participation and coverage, nondiscrimination, contribution rates, notice of voluntary termination, correction actions, and mandatory termination. Establishes the Association Health Plan Fund to be used by the Secretary of Labor to make payments to an insurer [...] show full description
Also tagged in: Administrative fees, Administrative procedure, Bankruptcy, Budgets, Building construction, Business, Civil rights, Collective bargaining, Congress, Congressional reporting requirements, Construction costs, Criminal justice, Delegation of powers, Department of Labor, Depreciation and amortization, Discrimination in insurance, Discrimination in medical care, Employee health benefits, Executive departments, Federal advisory bodies, Federal preemption, Federal-state relations, Finance, Fines (Penalties), Flexible benefit plans, Food, Franchises (Retail trade), Government information, Government paperwork, Government trust funds, Health care fraud, Health insurance, Health policy, Income tax, Injunctions, Insurance, Insurance premiums, Labor, Labor contracts, Labor unions, Law, Licenses, Medical care, Medical economics, Medically uninsured, Minimum wages, Northern Mariana Islands, Professional associations, Restaurants, Small business, Standards, State and local government, State laws, State politics and government, State taxation, Surety and fidelity, Tax deductions, Tax rates, Taxation, Trade associations, Trusts and trustees, Unemployment insurance, Valuation, Withholding tax
Latest Action: 05/09/2007 - Referred to the Subcommittee on Workforce Protections. Bill TextTo increase the minimum wage, to provide access to health care coverage to employees of small businesses, and to preserve American jobs. 1/9/2007--Introduced. Working Families Wage and Access to Health Care Act - Amends the Fair Labor Standards Act of 1938 to incrementally increase the federal minimum wage to $7.25. Small Business Health Fairness Act of 2007 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide for establishment and governance of association health plans (AHPs), which are group health plans whose sponsors are trade, industry, professional, chamber of commerce, or similar business associations, and which meet certain ERISA certification requirements. Establishes the Association Health Plan Fund to be used by the Secretary of Labor to make payments to an insurer to maintain coverage for a plan, if there is a reasonable expectation that, without such payments, claims would not be satisfied by reason of termination of coverage.[...] show full description
Also tagged in: Administrative fees, Business, Business insurance, Casualty insurance, Commercial arbitration, Congress, Congressional investigations, Congressional reporting requirements, Contracts, Data banks, Federal preemption, Finance, Financial statements, Government information, Government paperwork, Insurance, Insurance companies, Insurance premiums, Interstate compacts, Interstate relations, Law, Licenses, Property insurance, Reinsurance, State and local government, State laws, State taxation, Tax returns, Taxation, Technology
Latest Action: 03/20/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to streamline the regulation of nonadmitted insurance and reinsurance, and for other purposes. 3/20/2007--Introduced. Nonadmitted and Reinsurance Reform Act of 2007 - Prohibits any state other than the home state of an insured from requiring a premium tax payment for nonadmitted insurance. Authorizes states to enter into procedures to allocate among themselves the premium taxes paid to an insured's home state. Allows an insured's home state to require surplus lines brokers and certain insureds to file annually tax allocation reports detailing the portion of the nonadmitted insurance premiums attributable to properties, risks, or exposures located in each state. Declares that Congress intends that each state adopt a nationwide or uniform procedure that provides for the reporting, payment, collection, and allocation of premium taxes for nonadmitted insurance. Subjects nonadmitted insurance solely to the regulatory requirements of the insured's [...] show full description
Also tagged in: Administrative fees, Business, Business insurance, Casualty insurance, Commercial arbitration, Congress, Congressional investigations, Congressional reporting requirements, Contracts, Data banks, Federal preemption, Finance, Financial statements, Government information, Government paperwork, Insurance, Insurance companies, Insurance premiums, Interstate compacts, Interstate relations, Law, Licenses, Property insurance, Reinsurance, State and local government, State laws, State taxation, Tax returns, Taxation, Technology
Latest Action: 06/26/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo streamline the regulation of nonadmitted insurance and reinsurance, and for other purposes. 6/25/2007--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Nonadmitted and Reinsurance Reform Act of 2007 - Title I: Nonadmitted Insurance - (Sec. 101) Prohibits any state other than the home state of an insured from requiring a premium tax payment for nonadmitted insurance. Authorizes states to enter into procedures to allocate among themselves the premium taxes paid to an insured's home state. Declares that Congress intends that each state adopt a nationwide or uniform procedure that provides for the reporting, payment, collection, and allocation of premium taxes for nonadmitted insurance. Allows an insured's home state to require surplus lines brokers and certain insureds to file [...] show full description
Also tagged in: Administrative procedure, Aged, Ambulatory care, Budgets, Business, Capital, Civil liberties, Conflict of interests, Congress, Congressional reporting requirements, Consumer education, Consumers, Continuum of care, Corporate finance, Criminal justice, Data banks, Department of Health and Human Services, Disabled, Education, Employee health benefits, Executive departments, Executive reorganization, Families, Federal aid to health facilities, Federal preemption, Finance, Fines (Penalties), Food, Food stamps, Government information, Government paperwork, Government publicity, Government trust funds, Governmental investigations, Health education, Health facilities, Health information systems, Health insurance, Health planning, Health policy, Higher education, Income tax, Indian medical care, Individual retirement accounts, Insurance companies, Insurance premiums, Intergovernmental fiscal relations, Interstate relations, Kidney diseases, Labor, Law, Licenses, Managed care, Medicaid, Medical care, Medical economics, Medical education, Medical fees, Medical malpractice, Medical records, Medical savings accounts, Medicare, Medicine, Military dependents, Minorities, Nutrition, Pensions, Physicians, Preventive medicine, Public service advertising, Rehabilitation of the disabled, Right of privacy, Self-employed, Social Security Administration, State and local government, State laws, Tax credits, Tax deductions, Tax exclusion, Taxation, Technology, Terminal care, Trade regulation, Vaccines, Veterans, Veterans' medical care, Welfare
Latest Action: 03/28/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to provide comprehensive reform of the health care system of the United States, and for other purposes. 3/28/2007--Introduced. Universal Health Care Choice and Access Act - Provides for health promotion and disease prevention activities, including requiring the Secretary of Health and Human Services to convene an interagency coordinating committee to develop a national strategic plan for prevention.Amends the Internal Revenue Code to: (1) allow participants in high deductible health care insurance plans an increased tax deduction for contributions to a health savings account; and (2) allow individual taxpayers a refundable tax credit for health insurance costs paid.Requires states to establish and operate a qualified high risk pool or a state-designated alternative that ensures access to private health insurance for medically uninsurable individuals.Health Care Choice Act of 2007 - Amends the Public Health Service Act to apply the laws of the primary [...] show full description
Also tagged in: Administrative procedure, Affiliated corporations, Automobile insurance, Bank accounts, Bank examination, Bank holding companies, Bank loans, Bank mergers, Bank records, Banks and banking, Brokers, Business, Business insurance, Business records, Casualty insurance, Civil rights, Community development banking, Consent decrees, Consumer credit, Consumers, Data banks, Department of Housing and Urban Development, Department of the Treasury, Depressed areas, Discrimination in consumer credit, Economic policy, Executive departments, Fair housing, Federal Deposit Insurance Corporation, Federal reserve system, Finance, Financial institutions, Financial services, Fines (Penalties), Government corporations, Government information, Government paperwork, Government publicity, Housing, Information disclosure (Securities law), Injunctions, Insurance, Insurance companies, Insurance premiums, Investment advisers, Investments, Law, Liability (Law), Minorities, Mortgage banks, Mortgage guaranty insurance, Mortgages, Mutual funds, Nonbank banks, Property insurance, Public meetings, Racial discrimination, Rural affairs, Securities industry, Securities regulation, Small business, Technology, Usury
Latest Action: 03/01/2007 - Referred to the House Committee on Financial Services. Bill TextTo enhance the availability of capital and credit for all citizens and communities, to ensure that community reinvestment keeps pace as banks, securities firms, and other financial service providers become affiliates as a result of the enactment of the Gramm-Leach-Bliley Act, and for other purposes. 3/1/2007--Introduced. Community Reinvestment Modernization Act of 2007 - Repeals specified revisions to regulations governing the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Director of the Office of Thrift Supervision. Reinstates banking agency regulations in effect before the publication of such revisions. Amends the Bank Holding Company Act of 1956 (BHCA) to subject to the Community Reinvestment Act of 1977 (CRA) nonbank affiliates of bank holding companies that engage in lending or offering banking products or services. Amends the CRA to require a rating reduction [...] show full description
Also tagged in: Administrative procedure, Apartment houses, Budgets, Business, Casualty insurance, Collection of accounts, Congress, Congressional investigations, Congressional reporting requirements, Department of Homeland Security, Disaster insurance, Emergency management, Employee training, Executive departments, Federal advisory bodies, Federal Emergency Management Agency, Finance, Floods, Government contractors, Government information, Government trust funds, Housing, Insurance companies, Insurance premiums, Job training, Law, Maps, Mediation, Ombudsman, Politics and government, Property insurance, Public contracts, Standards, Subsidies, Water resources
Latest Action: 05/13/2008 - Considered by Senate. (consideration: CR S4048-4050, S4051-4061) Bill TextAn original bill to amend the National Flood Insurance Act of 1968, to restore the financial solvency of the flood insurance fund, and for other purposes. 11/1/2007--Reported to Senate without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Flood Insurance Reform and Modernization Act of 2007 - (Sec. 4) Amends the National Flood Insurance Act of 1968 (Act) to extend the national flood insurance program (Program) though FY2013. (Sec. 5) Requires the Director of the Federal Emergency Management Agency (FEMA) to make national flood insurance available for multifamily properties of more than four units. (Sec. 6) Requires the FEMA Director to estimate the exclusion of certain prospective insureds from purchasing flood insurance at risk premium rates less than those estimated for specified properties (including [...] show full description
Also tagged in: Antitrust law, Bankruptcy, Business, Casualty insurance, Corporate mergers, Corporate reorganizations, Department of the Treasury, Executive departments, Executive reorganization, Federal preemption, Finance, Holding companies, Insurance companies, Insurance law, Law, Licenses, Life insurance, Ombudsman, Politics and government, Property insurance, State and local government, State laws
Latest Action: 07/26/2007 - Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committ Bill TextTo authorize the issuance of Federal charters and licenses for carrying on the sale, solicitation, negotiation, and underwriting of insurance or any other insurance operations, to provide a comprehensive system for the Federal regulation and supervision of national insurers and national agencies, to provide for policyholder protections in the event of an insolvency or the impairment of a national insurer, and for other purposes. 7/26/2007--Introduced. National Insurance Act of 2007 - Establishes in the Department of the Treasury an Office of National Insurance (ONI), headed by a Commissioner of National Insurance, with Divisions of Insurance Fraud and of Consumer Affairs, and an Office of the Ombudsman. Authorizes the Commissioner to supervise, regulate, and provide for registration of insurance self-regulatory organizations. Requires the Commissioner to supervise national insurers and national agencies, including chartering and licensing. Removes them, as well [...] show full description
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Latest Legislation - View All
Also tagged in: Administrative procedure, Apartment houses, Budgets, Business, Casualty insurance, Collection of accounts, Congress, Congressional investigations, Congressional reporting requirements, Department of Homeland Security, Disaster insurance, Emergency management, Employee training, Executive departments, Federal advisory bodies, Federal Emergency Management Agency, Finance, Floods, Government contractors, Government information, Government trust funds, Housing, Insurance companies, Insurance premiums, Job training, Law, Maps, Mediation, Ombudsman, Politics and government, Property insurance, Public contracts, Standards, Subsidies, Water resources
Latest Action: 05/13/2008 - Considered by Senate. (consideration: CR S4048-4050, S4051-4061) Bill TextAn original bill to amend the National Flood Insurance Act of 1968, to restore the financial solvency of the flood insurance fund, and for other purposes. 11/1/2007--Reported to Senate without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Flood Insurance Reform and Modernization Act of 2007 - (Sec. 4) Amends the National Flood Insurance Act of 1968 (Act) to extend the national flood insurance program (Program) though FY2013. (Sec. 5) Requires the Director of the Federal Emergency Management Agency (FEMA) to make national flood insurance available for multifamily properties of more than four units. (Sec. 6) Requires the FEMA Director to estimate the exclusion of certain prospective insureds from purchasing flood insurance at risk premium rates less than those estimated for specified properties (including [...] show full description
Also tagged in: Antitrust law, Bankruptcy, Business, Casualty insurance, Corporate mergers, Corporate reorganizations, Department of the Treasury, Executive departments, Executive reorganization, Federal preemption, Finance, Holding companies, Insurance companies, Insurance law, Law, Licenses, Life insurance, Ombudsman, Politics and government, Property insurance, State and local government, State laws
Latest Action: 07/26/2007 - Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committ Bill TextTo authorize the issuance of Federal charters and licenses for carrying on the sale, solicitation, negotiation, and underwriting of insurance or any other insurance operations, to provide a comprehensive system for the Federal regulation and supervision of national insurers and national agencies, to provide for policyholder protections in the event of an insolvency or the impairment of a national insurer, and for other purposes. 7/26/2007--Introduced. National Insurance Act of 2007 - Establishes in the Department of the Treasury an Office of National Insurance (ONI), headed by a Commissioner of National Insurance, with Divisions of Insurance Fraud and of Consumer Affairs, and an Office of the Ombudsman. Authorizes the Commissioner to supervise, regulate, and provide for registration of insurance self-regulatory organizations. Requires the Commissioner to supervise national insurers and national agencies, including chartering and licensing. Removes them, as well [...] show full description
Also tagged in: Administrative remedies, Auditing, Budgets, Building laws, Business, Business records, Condominium (Housing), Congress, Congressional investigations, Congressional reporting requirements, Consumer education, Consumers, Disaster insurance, Electronic government information, Emergency management, Employee training, Executive departments, Federal Emergency Management Agency, Federal employees, Finance, Fines (Penalties), Flood control, Floods, Government information, Government paperwork, Government publications, Government publicity, Governmental investigations, Grants-in-aid, Housing, Hurricanes, Insurance companies, Insurance premiums, Job training, Land use, Law, Limitation of actions, Local laws, Louisiana, Low-income housing, Maps, Mediation, Mississippi, Mortgage banks, Recruiting of employees, Risk, State and local government, State laws, Storms, Technology, Telecommunication, Tornadoes, Welfare, Zoning and zoning law
Latest Action: 07/10/2008 - Mr. Capuano moved that the House disagree to the Senate amendment, and request a conference. Bill TextTo restore the financial solvency of the national flood insurance program and to provide for such program to make available multiperil coverage for damage resulting from windstorms and floods, and for other purposes. 9/27/2007--Passed House amended. (There are 2 other summaries) Flood Insurance Reform and Modernization Act of 2007 - (Sec. 3) Directs the Comptroller General to study and report to Congress on: (1) the flood insurance coverage status of pre-FIRM properties; and (2) assess the impact, effectiveness, and feasibility of amending the Flood Disaster Protection Act of 1973 regarding properties subject to the mandatory flood insurance purchase requirement for a natural 100-year floodplain, and possible extension of such requirement to properties securing nonfederally related loans. (A pre-FIRM structure is one that was not constructed or substantially improved after the later of: (1) December 31, 1974; or (2) the effective date of the [...] show full description
Also tagged in: Antitrust law, Bankruptcy, Business, Casualty insurance, Corporate mergers, Corporate reorganizations, Department of the Treasury, Executive departments, Executive reorganization, Federal preemption, Finance, Holding companies, Insurance companies, Insurance law, Law, Licenses, Life insurance, Ombudsman, Politics and government, Property insurance, State and local government, State laws
Latest Action: 05/24/2007 - Sponsor introductory remarks on measure. (CR S6849) Bill TextA bill to authorize the issuance of Federal charters and licenses for carrying on the sale, solicitation, negotiation, and underwriting of insurance or any other insurance operations, to provide a comprehensive system for the Federal regulation and supervision of national insurers and national agencies, to provide for policyholder protections in the event of an insolvency or the impairment of a national insurer, and for other purposes. 5/24/2007--Introduced. National Insurance Act of 2007 - Establishes in the Department of the Treasury an Office of National Insurance (ONI), headed by a Commissioner of National Insurance, with Divisions of Insurance Fraud and of Consumer Affairs, and an Office of the Ombudsman.Authorizes the Commissioner to supervise, regulate, and provide for registration of insurance self-regulatory organizations. Requires the Commissioner to supervise national insurers and national agencies, including chartering and licensing. Removes them,[...] show full description
Also tagged in: Administrative procedure, Aged, Ambulatory care, Budgets, Business, Capital, Civil liberties, Conflict of interests, Congress, Congressional reporting requirements, Consumer education, Consumers, Continuum of care, Corporate finance, Criminal justice, Data banks, Department of Health and Human Services, Disabled, Education, Employee health benefits, Executive departments, Executive reorganization, Families, Federal aid to health facilities, Federal preemption, Finance, Fines (Penalties), Food, Food stamps, Government information, Government paperwork, Government publicity, Government trust funds, Governmental investigations, Health education, Health facilities, Health information systems, Health insurance, Health planning, Health policy, Higher education, Income tax, Indian medical care, Individual retirement accounts, Insurance companies, Insurance premiums, Intergovernmental fiscal relations, Interstate relations, Kidney diseases, Labor, Law, Licenses, Managed care, Medicaid, Medical care, Medical economics, Medical education, Medical fees, Medical malpractice, Medical records, Medical savings accounts, Medicare, Medicine, Military dependents, Minorities, Nutrition, Pensions, Physicians, Preventive medicine, Public service advertising, Rehabilitation of the disabled, Right of privacy, Self-employed, Social Security Administration, State and local government, State laws, Tax credits, Tax deductions, Tax exclusion, Taxation, Technology, Terminal care, Trade regulation, Vaccines, Veterans, Veterans' medical care, Welfare
Latest Action: 03/28/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to provide comprehensive reform of the health care system of the United States, and for other purposes. 3/28/2007--Introduced. Universal Health Care Choice and Access Act - Provides for health promotion and disease prevention activities, including requiring the Secretary of Health and Human Services to convene an interagency coordinating committee to develop a national strategic plan for prevention.Amends the Internal Revenue Code to: (1) allow participants in high deductible health care insurance plans an increased tax deduction for contributions to a health savings account; and (2) allow individual taxpayers a refundable tax credit for health insurance costs paid.Requires states to establish and operate a qualified high risk pool or a state-designated alternative that ensures access to private health insurance for medically uninsurable individuals.Health Care Choice Act of 2007 - Amends the Public Health Service Act to apply the laws of the primary [...] show full description
Also tagged in: Administrative fees, Business, Business insurance, Casualty insurance, Commercial arbitration, Congress, Congressional investigations, Congressional reporting requirements, Contracts, Data banks, Federal preemption, Finance, Financial statements, Government information, Government paperwork, Insurance, Insurance companies, Insurance premiums, Interstate compacts, Interstate relations, Law, Licenses, Property insurance, Reinsurance, State and local government, State laws, State taxation, Tax returns, Taxation, Technology
Latest Action: 03/20/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to streamline the regulation of nonadmitted insurance and reinsurance, and for other purposes. 3/20/2007--Introduced. Nonadmitted and Reinsurance Reform Act of 2007 - Prohibits any state other than the home state of an insured from requiring a premium tax payment for nonadmitted insurance. Authorizes states to enter into procedures to allocate among themselves the premium taxes paid to an insured's home state. Allows an insured's home state to require surplus lines brokers and certain insureds to file annually tax allocation reports detailing the portion of the nonadmitted insurance premiums attributable to properties, risks, or exposures located in each state. Declares that Congress intends that each state adopt a nationwide or uniform procedure that provides for the reporting, payment, collection, and allocation of premium taxes for nonadmitted insurance. Subjects nonadmitted insurance solely to the regulatory requirements of the insured's [...] show full description
Also tagged in: Administrative procedure, Affiliated corporations, Automobile insurance, Bank accounts, Bank examination, Bank holding companies, Bank loans, Bank mergers, Bank records, Banks and banking, Brokers, Business, Business insurance, Business records, Casualty insurance, Civil rights, Community development banking, Consent decrees, Consumer credit, Consumers, Data banks, Department of Housing and Urban Development, Department of the Treasury, Depressed areas, Discrimination in consumer credit, Economic policy, Executive departments, Fair housing, Federal Deposit Insurance Corporation, Federal reserve system, Finance, Financial institutions, Financial services, Fines (Penalties), Government corporations, Government information, Government paperwork, Government publicity, Housing, Information disclosure (Securities law), Injunctions, Insurance, Insurance companies, Insurance premiums, Investment advisers, Investments, Law, Liability (Law), Minorities, Mortgage banks, Mortgage guaranty insurance, Mortgages, Mutual funds, Nonbank banks, Property insurance, Public meetings, Racial discrimination, Rural affairs, Securities industry, Securities regulation, Small business, Technology, Usury
Latest Action: 03/01/2007 - Referred to the House Committee on Financial Services. Bill TextTo enhance the availability of capital and credit for all citizens and communities, to ensure that community reinvestment keeps pace as banks, securities firms, and other financial service providers become affiliates as a result of the enactment of the Gramm-Leach-Bliley Act, and for other purposes. 3/1/2007--Introduced. Community Reinvestment Modernization Act of 2007 - Repeals specified revisions to regulations governing the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Director of the Office of Thrift Supervision. Reinstates banking agency regulations in effect before the publication of such revisions. Amends the Bank Holding Company Act of 1956 (BHCA) to subject to the Community Reinvestment Act of 1977 (CRA) nonbank affiliates of bank holding companies that engage in lending or offering banking products or services. Amends the CRA to require a rating reduction [...] show full description
Also tagged in: Administrative fees, Business, Business insurance, Casualty insurance, Commercial arbitration, Congress, Congressional investigations, Congressional reporting requirements, Contracts, Data banks, Federal preemption, Finance, Financial statements, Government information, Government paperwork, Insurance, Insurance companies, Insurance premiums, Interstate compacts, Interstate relations, Law, Licenses, Property insurance, Reinsurance, State and local government, State laws, State taxation, Tax returns, Taxation, Technology
Latest Action: 06/26/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo streamline the regulation of nonadmitted insurance and reinsurance, and for other purposes. 6/25/2007--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Nonadmitted and Reinsurance Reform Act of 2007 - Title I: Nonadmitted Insurance - (Sec. 101) Prohibits any state other than the home state of an insured from requiring a premium tax payment for nonadmitted insurance. Authorizes states to enter into procedures to allocate among themselves the premium taxes paid to an insured's home state. Declares that Congress intends that each state adopt a nationwide or uniform procedure that provides for the reporting, payment, collection, and allocation of premium taxes for nonadmitted insurance. Allows an insured's home state to require surplus lines brokers and certain insureds to file [...] show full description
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