Insurance Consumer Protection and Solvency Act of 2012
Latest action · Oct 1, 2012 Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 14, 2012
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Insurance Consumer Protection and Solvency Act of 2012 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to exclude an insurance company from the definition of a "financial company" for purposes of such Act (thus removing an insurance company from the purview of the Act).
Removes from the Federal Deposit Insurance Corporation (FDIC) the authority to place insurance companies into orderly liquidation.
Excludes from the definition of "eligible financial company" for purposes of risk-based assessments an insurance company subject to assessment under state law to cover the costs of state insolvency proceeding regarding an insurance company.
Cosponsors 1
Members who signed on, in the order they did. All signed on Sep 14, 2012.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IL | Judy Biggert | Original | Sep 14, 2012 |
Actions 3
Everything that happened, newest first.
- Oct 1, 2012Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
- Sep 14, 2012Introduced in House
- Sep 14, 2012Referred to the House Committee on Financial Services.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Sep 14, 2012Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.