Back to search
S 2270 - 113

Insurance Capital Standards Clarification Act of 2014

Became Public Law No: 113-279.

Bill highlights

Votes, text signals, source context, and latest movement from this record.

Bill Text Stats

5
Analyzed sections
N/A
Detected dollar total
0
Tax signals
0
Deadlines

Signal counts

Tax density 0.0%
Spending density 0.0%
Statutory Reference 5
Courts 1
Rulemaking 1

Top agencies

N/A

Statutory references

12 U.S.C. 1467a 1
12 USC 5301 1
12 U.S.C. 5361 1
12 U.S.C. 5371 1
Public Law 113-279 1

House Votes

No House roll call votes have been linked to this bill yet.

Timeline

Dec 18, 2014

Signed by President.

Dec 18, 2014

Signed by President.

Dec 18, 2014

Became Public Law No: 113-279.

Dec 18, 2014

Became Public Law No: 113-279.

Dec 12, 2014

Presented to President.

Dec 12, 2014

Presented to President.

Dec 10, 2014

Mr. Neugebauer asked unanimous consent to discharge from committee and consider.

Dec 10, 2014

Committee on Financial Services discharged.

Dec 10, 2014

Committee on Financial Services discharged.

Dec 10, 2014

Considered by unanimous consent. (consideration: CR H9019-9020)

Dec 10, 2014

Passed/agreed to in House: On passage Passed without objection.(text: CR H9019-9020)

Dec 10, 2014

On passage Passed without objection. (text: CR H9019-9020)

Dec 10, 2014

Motion to reconsider laid on the table Agreed to without objection.

Sep 16, 2014

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Jun 5, 2014

Received in the House.

Jun 5, 2014

Referred to the House Committee on Financial Services.

Jun 4, 2014

Message on Senate action sent to the House.

Jun 3, 2014

Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

Jun 3, 2014

Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

Jun 3, 2014

Measure laid before Senate by unanimous consent. (consideration: CR S3383-3384)

Jun 3, 2014

Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.

Jun 3, 2014

Passed Senate with an amendment by Unanimous Consent.

Apr 29, 2014

Introduced in Senate

Apr 29, 2014

Sponsor introductory remarks on measure. (CR S2471-2472)

Apr 29, 2014

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2472-2473)

Affected Sectors

How to read this

Sectors are deterministic matches from official Congress.gov data and cached bill text. They are source-derived signals, not conclusions about intent or economic effect.

Evidence matches count official fields, normalized subjects, cached text snippets, or extracted entities that matched the sector rules.

Impact is a bill-level rollup used for sorting and filtering. It is not an economic impact estimate.

Confidence is the strongest individual match score behind that sector.

Evidence snippets show why a sector matched and can repeat when Congress.gov repeats the same phrase across official fields.

Finance and banking
37 evidence matches
Impact 100% Confidence 90%

Finance and Financial Sector

Finance and Financial Sector

Banking and financial institutions regulation

State and local government
4 evidence matches
Impact 85% Confidence 72%

strued to prohibit, modify, limit, or otherwise supersede any other provision of Federal law that provides the Board of Governors authority to issue regulations and orders relating to capital requirements for depository institution holding

strued to prohibit, modify, limit, or otherwise supersede any other provision of Federal law that provides the Board of Governors authority to issue regulations and orders relating to capital requirements for depository institution holding

strued to prohibit, modify, limit, or otherwise supersede any other provision of Federal law that provides the Board of Governors authority to issue regulations and orders relating to capital requirements for depository institution holding

CBO Cost Estimates

Official Congressional Budget Office cost estimate links associated with this bill through Congress.gov records.

How to read this

CBO estimates are official source documents with their own assumptions, scope, and publication dates. They can score a bill, a version of a bill, or a broader legislative package.

LawLinter stores the source link from Congress.gov and does not replace the CBO document. Use these cards as pointers for source review, not as independent fiscal advice.

CBO context shows source-attributed Congressional Budget Office cost estimates linked from official Congress.gov bill records. It is research context only; read the official CBO source document for assumptions, scope, and dates.

No CBO cost estimate is currently linked for this bill.

Campaign Finance Context

Related FEC/OpenFEC campaign-finance records for lawmakers and candidates tied to this bill through source-attributed legislative relationships. These are not donations to the bill itself.

How to read this

Amounts shown here are campaign-finance totals for sponsor or cosponsor-linked candidates and their committees in the displayed FEC cycle.

They are not donations to this bill, spending on this bill, or proof that money influenced or caused sponsorship, cosponsorship, votes, or legislative outcomes.

If multiple linked lawmakers have FEC records, this section can show multiple candidate cards and separate sponsor/cosponsor rollups.

Campaign-finance context uses source-attributed FEC/OpenFEC records that are related or relevant to the displayed bill, lawmaker, candidate, committee, or legislative relationship through deterministic links. It is research context only, not proof of influence, causation, endorsement, or that money caused a sponsorship, vote, or legislative outcome.

No FEC/OpenFEC campaign-finance context is currently linked for this bill.

Lobbying Context

Related LDA.gov filings where public lobbying activity descriptions reference this bill. These records are source-attributed research context, not evidence of influence or causation.

How to read this

LDA filings are public lobbying disclosure records. LawLinter links them here only when the filing activity text contains an exact-looking reference to this bill.

A filing can mention many issues, clients, agencies, or bills. A match should be treated as a pointer for review, not as a conclusion about why legislation changed or how any lawmaker acted.

Lobbying context uses source-attributed LDA.gov records that appear related to this bill through bill references in public lobbying activity descriptions. It is research context only, not proof of influence, causation, endorsement, lobbying effectiveness, or legislative intent.

No LDA.gov lobbying disclosure context is currently linked for this bill.

Summary

49 Public Law Jan 5, 2015

(This measure has not been amended since it was passed by the Senate on June 3, 2014. The summary of that version is repeated here.) Insurance Capital Standards Clarification Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) concerning establishment of minimum leverage and minimum risk-based capital requirements on a consolidated basis for a depository institution holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System. States that federal banking agencies shall not be required to subject any person to such minimum capital requirements, to the extent that such person either: (1) acts in its capacity as a regulated insurance entity regulated by a state insurance regulator, or (2) is a regulated foreign subsidiary engaged in the business of insurance (including a regulated foreign affiliate of such subsidiary). States that a Board-supervised depository institution holding company or nonbank financial company engaged in the insurance business and regulated by either a state insurance regulator or the National Association of Insurance Commissioners, and which files its holding company financial statements using only Statutory Accounting Principles pursuant to state law, shall not be required by the Board, under this Act or the Home Owners' Loan Act (HOLA), to prepare such financial statements in accordance with Generally Accepted Accounting Principles. Declares that nothing in this Act shall: (1) limit Board authority to conduct any regulatory or supervisory activity of either a depository institution holding company or a non-bank financial company under Board jurisdiction, including the collecting or reporting of any information on an entity or group-wide basis; or (2) excuse the Board from its obligations to comply with Dodd-Frank requirements regarding examination of nonbank financial companies and HOLA requirements regarding examination of savings and loan holding companies.

81 Passed House without amendment Dec 22, 2014

(This measure has not been amended since it was passed by the Senate on June 3, 2014. The summary of that version is repeated here.) Insurance Capital Standards Clarification Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) concerning establishment of minimum leverage and minimum risk-based capital requirements on a consolidated basis for a depository institution holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System. States that federal banking agencies shall not be required to subject any person to such minimum capital requirements, to the extent that such person either: (1) acts in its capacity as a regulated insurance entity regulated by a state insurance regulator, or (2) is a regulated foreign subsidiary engaged in the business of insurance (including a regulated foreign affiliate of such subsidiary). States that a Board-supervised depository institution holding company or nonbank financial company engaged in the insurance business and regulated by either a state insurance regulator or the National Association of Insurance Commissioners, and which files its holding company financial statements using only Statutory Accounting Principles pursuant to state law, shall not be required by the Board, under this Act or the Home Owners' Loan Act (HOLA), to prepare such financial statements in accordance with Generally Accepted Accounting Principles. Declares that nothing in this Act shall: (1) limit Board authority to conduct any regulatory or supervisory activity of either a depository institution holding company or a non-bank financial company under Board jurisdiction, including the collecting or reporting of any information on an entity or group-wide basis; or (2) excuse the Board from its obligations to comply with Dodd-Frank requirements regarding examination of nonbank financial companies and HOLA requirements regarding examination of savings and loan holding companies.

35 Passed Senate amended Jul 11, 2014

Insurance Capital Standards Clarification Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) concerning establishment of minimum leverage and minimum risk-based capital requirements on a consolidated basis for a depository institution holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System. States that federal banking agencies shall not be required to subject any person to such minimum capital requirements, to the extent that such person either: (1) acts in its capacity as a regulated insurance entity regulated by a state insurance regulator, or (2) is a regulated foreign subsidiary engaged in the business of insurance (including a regulated foreign affiliate of such subsidiary). States that a Board-supervised depository institution holding company or nonbank financial company engaged in the insurance business and regulated by either a state insurance regulator or the National Association of Insurance Commissioners, and which files its holding company financial statements using only Statutory Accounting Principles pursuant to state law, shall not be required by the Board, under this Act or the Home Owners' Loan Act (HOLA), to prepare such financial statements in accordance with Generally Accepted Accounting Principles. Declares that nothing in this Act shall: (1) limit Board authority to conduct any regulatory or supervisory activity of either a depository institution holding company or a non-bank financial company under Board jurisdiction, including the collecting or reporting of any information on an entity or group-wide basis; or (2) excuse the Board from its obligations to comply with Dodd-Frank requirements regarding examination of nonbank financial companies and HOLA requirements regarding examination of savings and loan holding companies.

00 Introduced in Senate Jul 11, 2014

Insurance Capital Standards Clarification Act of 2014 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act concerning establishment of minimum leverage and minimum risk-based capital requirements on a consolidated basis for a depository institution holding company or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System. States that federal banking agencies shall not be required to subject any person to such minimum capital requirements, to the extent that such person either: (1) acts in its capacity as a regulated insurance entity regulated by a state insurance regulator, or (2) is a regulated foreign subsidiary engaged in the business of insurance (including a regulated foreign affiliate of such subsidiary). Exempts from any requirement to prepare holding company financial statements in accordance with Generally Accepted Accounting Principles any Board-supervised depository institution holding company or nonbank financial company that is also a person regulated by a state insurance regulator or a regulated foreign subsidiary (or a regulated foreign affiliate) that files its holding company financial statements using only Statutory Accounting Principles in accordance with state law.

Sponsors

Heller, Dean
Cosponsor

Heller, Dean

Republican · NV-2 · H001041

Joined Apr 30, 2014
Website
N/A
Phone
N/A
Office
N/A
Hagan, Kay R.
Cosponsor

Hagan, Kay R.

Democratic · NC · H001049

Joined May 7, 2014
Website
N/A
Phone
N/A
Office
N/A
Warner, Mark R.
Cosponsor

Warner, Mark R.

Democratic · VA · W000805

Joined May 7, 2014
Website
N/A
Office
703 Hart Senate Office Building Washington, DC 20510
Vitter, David
Cosponsor

Vitter, David

Republican · LA-1 · V000127

Joined May 13, 2014
Website
N/A
Phone
N/A
Office
N/A
McCaskill, Claire
Cosponsor

McCaskill, Claire

Democratic · MO · M001170

Joined May 22, 2014
Website
N/A
Phone
N/A
Office
N/A
Ayotte, Kelly
Cosponsor

Ayotte, Kelly

Republican · NH · A000368

Joined Jun 2, 2014
Website
N/A
Phone
N/A
Office
N/A
Heitkamp, Heidi
Cosponsor

Heitkamp, Heidi

Democratic · ND · H001069

Joined Jun 3, 2014
Website
N/A
Phone
N/A
Office
N/A
Schumer, Charles E.
Cosponsor

Schumer, Charles E.

Democratic · NY-16 · S000148

Joined Jun 3, 2014
Website
N/A
Office
322 Hart Senate Office Building Washington, DC 20510

Amendments

1 amendment
113/samdt/3229 Jun 3, 2014

In the nature of a substitute.

Amendment SA 3229 agreed to in Senate by Unanimous Consent.

Compiled bill record. Bill pages combine Congress.gov source payloads, normalized relationships, cached text analysis, vote links, and deterministic sector/signal extraction. This is not an official government record or legal advice; use the official source link when accuracy matters.