Senate Bill 1463
115th Congress(2017-2018)
Financial Stability Oversight Council Insurance Member Continuity Act
Introduced
Introduced in Senate on Jun 28, 2017
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1463
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No Senate votes have been held for this bill.
Summary
Financial Stability Oversight Council Insurance Member Continuity Act
This bill amends the Financial Stability Act of 2010 to modify the term of the independent member with insurance expertise of the Financial Stability Oversight Council to allow the current member to continue to serve in the event of a delay in the naming of a successor by the end of the member's six-year term. In such a case, the independent member may continue to serve until 18 months after the end of the term or until a successor is confirmed, whichever is earlier.
June 28, 2017
09/07/2017
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
06/28/2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
06/28/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:37:33 PM