Insurance Capital Standards Clarification Act of 2014
Public Law 113-279 · S. 2270 · 113th Congress · began in the Senate
Signed by Barack Obama (D) on Dec 18, 2014 · Finance and Financial Sector
Sponsor: Sen. Susan Collins (R-ME)
Cosponsors (33): Sen. Sherrod Brown, Sen. Mike Johanns,
Passage votes
- HouseUnanimous consent
- SenateUnanimous consent
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
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.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Related bills
3 bills the Library of Congress relates to this one.
H.R. 4510Related bill
Insurance Capital Standards Clarification Act of 2014
H.R. 5461Related bill
To clarify the application of certain leverage and risk-based requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act, to improve upon the definitions provided for points and fees in connection …
S. 2102Related bill
A bill to clarify the application of certain leverage and risk-based requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Data notes
Related bills are identified by the Congressional Research Service, the House and the Senate: companion and identical bills, bills with similar text, bills that were folded into this law, and rules that brought it to the floor. A bill that is itself a public law in this site’s data links here; the others link to Congress.gov.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 19 actions.
- Dec 18, 2014Became lawBecame law · Became Public Law No: 113-279.
- Became lawBecame law · Signed by President.
- Dec 12, 2014FloorFloor · Presented to President.
- Dec 10, 2014FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
- FloorFloor · On passage Passed without objection.
- FloorFloor · Considered by unanimous consent.
- FloorFloor · Mr. Neugebauer asked unanimous consent to discharge from committee and consider.
- CommitteeCommittee · Committee on Financial Services discharged.
- Sep 16, 2014CommitteeCommittee · Committee on Banking, Housing, and Urban Affairs. Hearings held.
- CommitteeCommittee · Hearings by Senate Banking, Housing, and Urban Affairs Committee
- Jun 5, 2014FloorFloor · Received in the House.
- CommitteeCommittee · Referred to the House Committee on Financial Services.
- Jun 4, 2014FloorFloor · Message on Senate action sent to the House.
- Jun 3, 2014FloorFloor · Passed Senate with an amendment by Unanimous Consent.
- FloorFloor · Measure laid before Senate by unanimous consent.
- CommitteeCommittee · Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
- Apr 29, 2014CommitteeCommittee · Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- CommitteeCommittee · Sponsor introductory remarks on measure. (CR S2471-2472)
- IntroducedIntroduced · Introduced in Senate
Data notes
Every action the Library of Congress lists for the bill, from introduction to signing, plus the dated committee hearings. The source lists many steps twice (the chamber’s own entry and the Library of Congress copy, or a presidential and a became-law entry with the same words); those are shown once. Amendments are listed in their own section.
Amendments
1 amendment offered to the bill, with the last recorded step of each.
- Agreed to
S.Amdt. 3229SenateSen. Susan CollinsR-ME· offered Jun 3, 2014Agreed to
In the nature of a substitute.
Jun 3, 2014: Amendment SA 3229 agreed to in Senate by Unanimous Consent.
Data notes
Amendments offered to this bill in either chamber, as the Library of Congress records them: each with a status read from its last recorded step: agreed to, rejected, withdrawn, ruled out of order, fell with another amendment, or offered with no vote recorded (most Senate amendments are only ever offered). The wording of each amendment is the source’s. Amendments to amendments and amendments to other bills are not listed.
Official record
The bill’s full text is on Congress.gov. Data through Oct 7, 2026.