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Insurance Commissioner Gains Vote on Financial Stability Council

This new law changes the composition of the Financial Stability Oversight Council by adding a state insurance commissioner as a voting member. This aims to better integrate the perspective of state insurance regulations into national financial stability decisions, potentially enhancing citizens' financial security through a more stable insurance system.
Key points
A state insurance commissioner becomes a full voting member of the Financial Stability Oversight Council.
The change aims to strengthen oversight of the insurance market and its impact on overall financial stability.
The selection process for the commissioner will involve recommendations from state insurance associations, but the President makes the final appointment.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3354
Sponsor: Rep. Loudermilk, Barry [R-GA-11]
Process start date: 2025-05-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Primary Regulators of Insurance Vote Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3354.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-13.

What are the main provisions?

Key points include:

  • A state insurance commissioner becomes a full voting member of the Financial Stability Oversight Council.
  • The change aims to strengthen oversight of the insurance market and its impact on overall financial stability.
  • The selection process for the commissioner will involve recommendations from state insurance associations, but the President makes the final appointment.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Loudermilk, Barry [R-GA-11].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Economy