Insurance Industry And Regulation
US Congress 114th Congress
American Health Care Reform Act of 2015 [HB-2653]
[Healthcare ]
[Medicare and Medicaid ]
[Veterans ]
[Public Health ]
[Insurance ]
[Budget and Spending ]
American Health Care Reform Act of 2015 This bill repeals the Patient Protection and Affordable Care Act and the health care provisions of the Health Care and Education Reconciliation Act of 2010, effective January 1, 2016. Provisions amended by repealed provisions are restored. This bill amends the Internal Revenue Code to allow an income tax standard deduction for health insurance. Provisions regarding health savings accounts (HSAs) are revised, including to raise contribution limits and to expand the products and services that may be paid for
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Sponsored by: Rep. Alexander Mooney
Referred To The Subcommittee On Health. on 06/15/2015
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Terrorism Risk Insurance Program Reauthorization Act of 2015 [HB-26]
[Insurance ]
[National Security ]
[Cybersecurity ]
[Finance ]
[Small Business ]
[Consumer Protection ]
Terrorism Risk Insurance Program Reauthorization Act of 2015 TITLE I--EXTENSION OF TERRORISM INSURANCE PROGRAM (Sec. 101) Amends the Terrorism Risk Insurance Act of 2002 (TRIA) to extend the Terrorism Insurance Program through December 31, 2020, and to revise requirements for the Program. (Sec. 102) Requires the federal share of payments beginning on January 1, 2016, for acts of terrorism, in general, to be reduced annually to 80% of insured losses. (Sec. 103) Specifies the aggregate industry insured losses resulting from certified acts of terror
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Sponsored by: Rep. Paul Gosar
Became Public Law No: 114-1. (txt | Pdf) on 01/12/2015
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Health Insurance Industry Fair Competition Act [HB-2462]
[Healthcare ]
[Insurance ]
[Consumer Protection ]
Health Insurance Industry Fair Competition Act Amends the McCarran-Ferguson Act to declare that nothing in that Act modifies, impairs, or supersedes the operation of antitrust laws with respect to the business of health insurance. Applies prohibitions against using unfair methods of competition to the business of health insurance without regard to whether the business is for profit.
Sponsored by: Rep. Peter DeFazio
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 06/16/2015
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MAC Transparency Act [HB-244]
[Healthcare ]
[Medicare and Medicaid ]
[Pharmaceuticals ]
[Defense ]
[Military ]
[Consumer Protection ]
[Data Privacy ]
MAC Transparency Act Amends part D (Voluntary Prescription Drug Benefit Program) of title XVIII (Medicare) of the Social Security Act to require each contract entered into with a prescription drug plan (PDP) sponsor with respect to a PDP the sponsor offers to prohibit the PDP from entering into a contract with any pharmacy benefits manager (PBM) to manage the prescription drug coverage provided under such plan, or to control the costs of the prescription drug coverage under it, unless the PBM adheres to specified criteria when handling personally
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Sponsored by: Rep. Alexander Mooney
Referred To The Subcommittee On Military Personnel. on 06/05/2015
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Empowering Patients First Act of 2015 [HB-2300]
[Healthcare ]
[Medicare and Medicaid ]
[Small Business ]
[Insurance ]
[Taxes ]
[Public Health ]
Empowering Patients First Act of 2015 This bill repeals the Patient Protection and Affordable Care Act and the health care provisions of the Health Care and Education and Reconciliation Act of 2010, effective as of their enactment. This bill replaces those provisions with amendments to the Internal Revenue Code, the Public Health Service Act, and the Employee Retirement Income Security Act of 1974 (ERISA) to address health care coverage. The bill provides for refundable tax credits for health insurance coverage and health savings account (HSA) contributions.
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Sponsored by: Rep. Robert Wittman
Referred To The Subcommittee On Health, Employment, Labor, And Pensions. on 11/16/2015
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Data Security Act of 2015 [HB-2205]
[Technology and Innovation ]
[Cybersecurity ]
[Data Privacy ]
[Consumer Protection ]
[Law Enforcement ]
[Telecommunications ]
[Healthcare ]
[Finance ]
[Public Safety ]
[Crime ]
Data Security Act of 2015 Requires individuals, corporations, or other non-government entities that access, maintain, communicate, or handle sensitive financial account information or nonpublic personal information to implement an information security program and to notify consumers, federal law enforcement, appropriate administrative agencies, payment card networks, and consumer reporting agencies of certain data breaches of unencrypted sensitive information likely to cause identity theft or fraudulent transactions on consumer financial accounts.
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Sponsored by: Rep. Ted Poe
Reported (amended) By The Committee On Financial Services. H. Rept. 114-867, Part I. on 12/12/2016
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Hire More Heroes Act of 2015 [HB-22]
[Transportation and Motor Vehicles ]
[Infrastructure ]
[Small Business ]
[Labor, Jobs, Employment ]
[Energy ]
[Technology and Innovation ]
[Tourism ]
[Economic Development ]
[Funding ]
[Grants ]
[Public Safety ]
[Construction ]
[Trade ]
[Budget and Spending ]
[Environmental ]
[Air Quality ]
[Water ]
[Science ]
[Data Privacy ]
[Cybersecurity ]
[Telecommunications ]
[National Security ]
Hire More Heroes Act of 2015 DIVISION A--SURFACE TRANSPORTATION (Sec. 1002) Directs the Department of Transportation (DOT) to reduce the amount apportioned for a surface transportation program, project, or activity for FY2016 by amounts apportioned or allocated under any extension of the Moving Ahead for Progress in the 21st Century Act (MAP-21) for the period beginning October 1, 2015, and ending upon enactment of this Act. TITLE I--FEDERAL-AID HIGHWAYS Subtitle A--Authorizations and Programs (Sec. 1101) Reauthorizes through FY2020: certain core
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Sponsored by: Rep. David Valadao
Message On Senate Action Sent To The House. on 12/04/2015
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International Insurance Standards Transparency and Policyholder Protection Act of 2015 [HB-2141]
[Insurance ]
[International ]
[Consumer Protection ]
[Finance ]
International Insurance Standards Transparency and Policyholder Protection Act of 2015 This bill prescribes negotiating objectives for international insurance regulatory frameworks, including: (1) standards, requirements, and rules focused solely upon protection of policy holders, as reflected in the U.S. solvency regime; and (2) a negotiated international insurance regulatory framework that recognizes U.S. prudential measures as equivalent to foreign measures. U.S. representatives are prohibited from agreeing to, accepting or establishing , any
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Sponsored by: Rep. Alexander Mooney
Introduced In House on 04/30/2015
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To amend title 49, United States Code, to prohibit the Secretary of Transportation from increasing minimum financial responsibility requirements established by Congress for motor carriers of passengers, and for other purposes. [HB-2077]
[Transportation and Motor Vehicles ]
To amend title 49, United States Code, to prohibit the Secretary of Transportation from increasing minimum financial responsibility requirements established by Congress for motor carriers of passengers, and for other purposes. The Department of Transportation (DOT) may not increase minimum levels of financial responsibility for commercial motor carriers of passengers. DOT shall study and report to Congress on current federal minimum financial responsibility requirements for such carriers.
Sponsored by: Rep. David Rouzer
Referred To The Subcommittee On Highways And Transit. on 04/29/2015
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Military Construction and Veterans Affairs and Related Agencies Appropriations Act, 2016 [HB-2029]
[Defense ]
[Veterans ]
[Agriculture ]
[Food ]
[Healthcare ]
[International ]
[Trade ]
[Budget and Spending ]
[Small Business ]
[Technology and Innovation ]
[Telecommunications ]
[Energy ]
[Environmental ]
[Public Health ]
[Science ]
[Cybersecurity ]
[Military ]
[National Security ]
[Construction ]
[Transportation and Motor Vehicles ]
[Labor, Jobs, Employment ]
[Consumer Protection ]
[Housing ]
[Crime ]
[Criminal Justice ]
[Disaster Relief ]
[Economic Development ]
[Education ]
[Funding ]
[Grants ]
[Human Services ]
[Medicare and Medicaid ]
[Poverty ]
[Public Safety ]
[Senior Citizens ]
[Water ]
[Animals ]
[Air Quality ]
[Waste Management / Recycling ]
[Alcoholic Beverages ]
[Arts and Culture ]
[Cannabis ]
[Children and Youth ]
[Climate Change ]
[Community Development ]
[Data Privacy ]
[Disabilities ]
[Drones ]
[Elections ]
[Ethics ]
[Family-Related Legislation ]
[Film Production ]
[Finance ]
[Firearms/Gun Control ]
[Gaming ]
[Human Rights ]
[Inflation ]
[Insurance ]
[Investments ]
[Libraries ]
[Manufacturing ]
[Media and Advertising ]
[Mental Health ]
[Mining ]
[Native American Affairs ]
[Nonprofit ]
[Overdose Prevention ]
[Pensions ]
[Pharmaceuticals ]
[Property Tax ]
[Race and Civil Rights ]
[Real Estate ]
[Recreation ]
[Religion ]
[Reproductive Rights / Abortion ]
[Retirement ]
[Social Security ]
[Sports ]
[Student Loans ]
[Taxes ]
[Tourism ]
[Unemployment ]
[Voting Rights ]
[Workers' Compensation ]
[Artificial Intelligence ]
[Aerospace ]
[Immigration ]
[Infrastructure ]
[Public Lands and National Parks ]
Military Construction and Veterans Affairs and Related Agencies Appropriations Act, 2016 (Sec. 3) Provides that references to "this Act" included in any division refer only to the provisions of the division unless the bill expressly provides otherwise. (Sec. 4) Provides that the explanatory statement printed in the Congressional Record regarding this bill has the same effect as a joint explanatory statement of a committee of conference. (Sec. 5) Provides that the sums in this bill are appropriated for FY2016. (Sec. 6) Provides that amounts designated
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Sponsored by: Rep. Charles Dent
Considered As Unfinished Business (consideration: Cr H10696) on 12/18/2015
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To amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies. [HB-1788]
[Insurance ]
[Taxes ]
[Small Business ]
To amend the Internal Revenue Code of 1986 to increase the alternative tax liability limitation for small property and casualty insurance companies. This bill amends the Internal Revenue Code to expand the eligibility of certain small insurance companies (other than life insurance companies) for the alternative corporate income tax by increasing the premium limitation used to determine such eligibility to $2.2 million (from $1.2 million), with an annual inflation adjustment to such increased amount after 2015.
Sponsored by: Rep. David Young
Introduced In House on 04/14/2015
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Health Insurance Freedom Act of 2015 [HB-1664]
[Healthcare ]
[Insurance ]
Health Insurance Freedom Act of 2015 Permits a health insurance issuer that had in effect health insurance coverage in the group or individual market on any date during 2013 to continue offering that coverage outside of a health care exchange established under the Patient Protection and Affordable Care Act. Treats that coverage as a grandfathered health plan for purposes of an individual meeting the requirement to maintain minimum essential health coverage. Applies only to coverage in states where the state insurance commissioner elects to apply
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Sponsored by: Rep. Dan Newhouse
Referred To The Subcommittee On Health. on 04/08/2015
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SISA Act Sanction Iran, Safeguard America Act of 2015 [HB-1540]
[International ]
[National Security ]
[Trade ]
[Defense ]
SISA Act Sanction Iran, Safeguard America Act of 2015 Amends the Iran Sanctions Act of 1996, the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, the National Defense Authorization Act for Fiscal Year 2012, the Iran Threat Reduction and Syria Human Rights Act of 2012, and the Iran Freedom and Counter-Proliferation Act of 2012 to eliminate authority to waive sanctions relating to: transportation of crude oil from Iran; financial institutions that engage in certain transactions; the financial sector of Iran; persons that support
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Sponsored by: Rep. Trent Franks
Referred To The Subcommittee On Trade. on 04/07/2015
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Policyholder Protection Act of 2015 [HB-1478]
[Insurance ]
[Finance ]
[Consumer Protection ]
Policyholder Protection Act of 2015 (Sec. 2) This bill amends the Federal Deposit Insurance Act to declare that any action of the Federal Deposit Insurance Corporation (FDIC) that requires a bank holding company to provide funds or other assets to a subsidiary depository institution is neither effective nor enforceable with respect to 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 directly or
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Sponsored by: Rep. Rod Blum
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 11/17/2015
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Self-Insurance Protection Act [HB-1423]
[Healthcare ]
[Insurance ]
[Labor, Jobs, Employment ]
Self-Insurance Protection Act This bill amends the Public Health Service Act, the Employee Retirement Income Security Act of 1974 (ERISA), and the Internal Revenue Code to exclude from the definition of "health insurance coverage" a stop-loss policy obtained by a self-insured health plan or a sponsor of a self-insured group health plan to reimburse the plan or sponsor for losses incurred in providing health benefits to plan participants in excess of a level set forth in the stop-loss policy.
Sponsored by: Rep. David Roe
Referred To The Subcommittee On Health, Employment, Labor, And Pensions. on 04/29/2015
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Flood Insurance Premium Parity Act of 2015 [HB-141]
[Insurance ]
[Disaster Relief ]
[Housing ]
Flood Insurance Premium Parity Act of 2015 Amends the National Flood Insurance Act of 1968 to prohibit the Administrator of the Federal Emergency Management Agency (FEMA) from estimating reduced (subsidized) risk premium rates for flood insurance for residential property that is neither the primary residence of an individual (as under current law) nor the secondary residence of the property owner. Directs FEMA to establish standards for a residential property to qualify as a secondary residence eligible for subsidized risk flood insurance premium
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Sponsored by: Rep. Kathy Castor
Introduced In House on 01/06/2015
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Health Insurance Freedom Act of 2015 [HB-1348]
[Healthcare ]
[Insurance ]
Health Insurance Freedom Act of 2015 This bill amends the Patient Protection and Affordable Care Act to allow health insurance that meets state and federal benefit requirements as of October 1, 2013, to be sold on health insurance exchanges. Such insurance fulfills an individual's requirement to maintain minimum essential coverage but is not eligible for premium assistance and is not treated as a bronze, silver, gold, or platinum plan. Currently, health insurance must provide the essential health benefits to be sold on health insurance exchanges
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Sponsored by: Rep. Renee Ellmers
Referred To The Subcommittee On Health. on 03/19/2015
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American Financial Markets Integrity and Security Act [HB-8800]
[Finance ]
[National Security ]
[International ]
[Defense ]
[Investments ]
[Insurance ]
[Retirement ]
Generally prohibits investments in certain Chinese military companies and entities reasonably believed to be involved in activities contrary to the national security or foreign policy interests of the United States. These entities may not sell securities to U.S. markets. Investment companies, insurance companies, and retirement plans are prohibited from investing in these entities. The bill also prohibits the use of federal funds to enter into or renew a contract with these entities. Furthermore, the Department of Commerce and the Office of the
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Sponsored by: Rep. Mike Gallagher
Introduced In House on 11/20/2020
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A resolution expressing the sense of the Senate that recently proposed measures that will reduce transparency and public participation at the International Association of Insurance Supervisors (IAIS) should be disapproved by United States representatives to the IAIS. [SR-561]
[Insurance ]
[International ]
[Consumer Protection ]
Expresses the sense of the Senate that all U.S. representatives to the International Association of Insurance Supervisors (IAIS) should oppose certain proposed IAIS procedures and make all appropriate efforts to ensure that proper transparency is restored if the IAIS adopts them.
Sponsored by: Sen. Chuck Grassley
Referred To The Committee On Banking, Housing, And Urban Affairs. (text Of Measure As Introduced: Cr S5796) on 09/18/2014
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A bill to amend the Internal Revenue Code of 1986 to prevent the avoidance of tax by insurance companies through reinsurance with non-taxed affiliates. [S.991]
[Finance ]
[Insurance ]
[Taxes ]
Amends the Internal Revenue Code to exclude from the taxable income of a life insurance company or other insurance company: (1) any non-taxed reinsurance premium; (2) any additional amount paid by an insurance company with respect to the reinsurance for which such non-taxed reinsurance premium is paid; and (3) any return premium, ceding commission, reinsurance recovered, or other amount received by an insurance company with respect to the reinsurance for which such non-taxed reinsurance premium is paid.
Sponsored by: Sen. Robert Menendez
Read Twice And Referred To The Committee On Finance. on 05/20/2013