Bills – Page 2 – [BonkNote]

TILI – Truth In Life Insurance 1973 / 1974 – GOV (Senate) – The Life Insurance Industry – Philip Hart (D-MI) – 4 Parts — [BonkNote] SOA – Committee on Truth in Life Insurance of the Society of Actuaries Bartley Munson, Chairman Stanley Durose, NAIC, Wisconsin Insurance Commissioner 1981 0319 -The Galveston Daily News – Direct…

Glass-Steagall Act Carter Glass (R-VA) Henry B. Steagall (D-AL) 2016 0119 (Updated) – CRS – The Glass-Steagall Act: Legal and Policy Analysis – 28p (p10-11) – By the time you got to the point where Glass-Steagall was rescinded, there were no restrictions — you probably know all this, but Glass-Steagall started to get reinterpreted in…

DOL – Fiduciary Rule DOL – Definition of the Term “Fiduciary” Proposed Rule – Historical Information – dol.gov/agencies/ebsa/laws-and-regulations/rules-and-regulations/public-comments/1210-AB32 regulations.gov/search?filter=%22fiduciary%20rule%22 Conflict of Interest Rule Sutherland – List of Links – dolfiduciaryrule.com/ 2023 1110 – ThinkAdvisor – The 2 Biggest Fights Brewing Over DOL’s New Fiduciary Rule, By Melanie Waddell – [link] This aspect of the new rule…

Collins Amendment The Collins Amendment/Section 171 was designed to strengthen the integrity of capital standards by imposing a generally applicable floor that would constrain destabilizing leverage for all systemic institutions, regardless of business model, so that they would have to hold at least as much capital as that generally required of smaller banks. 2014 0310 – Letter -…

Heroes Sandbox Consolidated Appropriations Act 2021 Congress added cash value accumulation standards for life insurance policies to the Internal Revenue Code in an effort to keep people from calling ordinary investment arrangements life insurance policies. https://www.thinkadvisor.com/2020/12/22/cca-2021-package-includes-life-insurance-interest-rate-provision/ Representatives from the American Council of Life Insurers said that, if the Heroes Act interest rate rules took effect, the…

Bank Holding Company Act of 1956 Bank Holding Company Act of 1956 govinfo.gov/content/pkg/STATUTE-70/pdf/STATUTE-70-Pg133.pdf Bank Holding Company Act – SEC. 4. – 3p FRB – Financial Holding Companies (Section 4(k) of the BHC Act) – [PDF-101p] (Page 4) A company is a nonbank financial company, and thus eligible for a determination by the Council, if it…

CRA – Community Reinvestment Act I would also be remiss if I did not say that I am appalled by Senator Gramm’s attempt to scale back CRA, and limit its impact. The bill that Senator Gramm pushed through the Senate Banking Committee would exempt more than 60% of all banks nationwide, and almost 75% in…

Financial Services Competitiveness Act of 1995 congress.gov/bill/104th-congress/house-bill/1062 govinfo.gov/app/details/BILLS-104hr1062ih/summary Full Title – To enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers. Sponsors – James A. Leach (IA) Committees – Committee on Banking and Financial Services (Standing), Committee on Commerce (Standing)…

Business of Insurance Regulatory Reform Act S.4325 – Business of Insurance Regulatory Reform Act of 2020 Sponsor: Sen. Scott, Tim [R-SC] (Introduced 07/27/2020) Committees: Senate – Banking, Housing, and Urban Affairs 2020 0727 – S. 4325 -Bill – 3p — A bill to amend the Consumer Financial Protection Act of 2010 to clarify the authority…

Primary Regulators of Insurance Vote Act S.1298 – Primary Regulators of Insurance Vote Act of 2019 S.3177 – Primary Regulators of Insurance Vote Act of 2018 2021 05 – NAIC – FSOC Vote for Insurance Regulators (H.R. 3099) – 1p The NAIC supports the Primary Regulators of Insurance Vote Act (H.R. 3099), which would grant…