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Primary Regulators of Insurance Vote Act of 2022

12/29/2022, 11:48 PM

Congressional Summary of S 4110

Primary Regulators of Insurance Vote Act of 2022

This bill establishes a state insurance commissioner as a voting member of the Financial Stability Oversight Council. The member is appointed by the President with the advice and consent of the Senate. Under current law, this member is nonvoting and selected by state insurance commissioners.

Current Status of Bill S 4110

Bill S 4110 is currently in the status of Bill Introduced since April 28, 2022. Bill S 4110 was introduced during Congress 117 and was introduced to the Senate on April 28, 2022.  Bill S 4110's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. as of September 8, 2022

Bipartisan Support of Bill S 4110

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
1

Policy Area and Potential Impact of Bill S 4110

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Banking and financial institutions regulation
- Financial Stability Oversight Council
- Insurance industry and regulation
- State and local government operations

Alternate Title(s) of Bill S 4110

Primary Regulators of Insurance Vote Act of 2022
Primary Regulators of Insurance Vote Act of 2022
A bill to amend the Financial Stability Act of 2010 to include the State insurance commissioner as a voting member of the Financial Stability Oversight Council, and for other purposes.

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