Bill > S798

Introduced Session

Policyholder Protection Act of 2015 Amends the Federal Deposit Insurance Act to declare that any regulation, order, or other action of the Board of Governors of the Federal Reserve System that requires a bank holding company to provide funds or other assets to a subsidiary depository institution shall not be effective nor enforceable with respect to an entity that is a savings and loan holding company that is also an insurance company, an affiliate of an insured depository institution that is an insurance company, or any other company that is an insurance company and that directly or indirectly controls an insured depository institution if: (1) such funds or assets are to be provided by the entity, and (2) the state insurance authority for the insurance company determines that such an action would have a materially adverse effect on the entity's financial condition.

Committee Categories

David Vitter (R)*,  Susan Collins (R),  Steve Daines (R),  Dean Heller (R),  Rob Portman (R),  Mike Rounds (R),  Jeff Sessions (R),  Jon Tester (D), 

Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held. (on 04/30/2015)

Official Document