skip to main content

H.R. 5059: State Insurance Regulation Preservation Act

Call or Write Congress

About the bill

Source: Republican Policy Committee

H.R. 5059 amends the Home Owners’ Loan Act to create a definition of an Insurance Savings and Loan Holding Companies (ISLHC) and creates a regulatory framework that would limit the Federal Reserve’s oversight of ISLHCs. If the Federal Reserve does examine an ISLHC, the legislation requires that the Federal Reserve tailor the supervisory framework to the unique risks and activities of the business of insurance and develop in consultation with State insurance authorities to ensure that framework does not duplicate or conflict with State insurance requirements. Importantly, H ...

Sponsor and status

Keith Rothfus

Sponsor. Representative for Pennsylvania's 12th congressional district. Republican.

Read Text »
Last Updated: Sep 17, 2018
Length: 11 pages
Introduced:

Feb 15, 2018

Status:

Passed House (Senate next) on Sep 12, 2018

This bill passed in the House on September 12, 2018 and goes to the Senate next for consideration.

Prognosis:

27% chance of being enacted according to Skopos Labs (details)

What stakeholders are saying

Institute for Spending Reform: SpendingTracker.org estimates new spending due to H.R. 5059 will be negligible.

History

Feb 15, 2018
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jul 24, 2018
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Sep 7, 2018
 
On House Schedule

The House indicated that this bill would be considered in the week ahead.

Sep 12, 2018
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next. The vote was by voice vote so no record of individual votes was made.

Sep 12, 2018
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

If this bill has further action, the following steps may occur next:
 
Passed Senate

 
Signed by the President

H.R. 5059 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 5059 — 115th Congress: State Insurance Regulation Preservation Act.” www.GovTrack.us. 2018. October 22, 2018 <https://www.govtrack.us/congress/bills/115/hr5059>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.