S. 2270: Insurance Capital Standards Clarification Act of 2014

113th Congress · introduced 2014-04-29 · Finance and Financial Sector · Latest: Became Public Law No: 113-279.

federal

Follow this bill, step by step

Where it came from: introduced 2014-04-29 · official record
Who proposed it: Sen. Collins, Susan M. [R-ME] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Became Public Law No: 113-279. (final step reached)
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Insurance Capital Standards Clarification Act of 2014

Plain summary

(This measure has not been amended since it was passed by the Senate on June 3, 2014. The summary of that version is repeated here.) 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.

Congressional Research Service summary (Public Law), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

Insurance Capital Standards Clarification Act of 2014

Source: Congressional Research Service summary (Public Law)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Collins, Susan M. [R-ME] · 33 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Cory A. Booker (D-NJ), Mark R. Warner (D-VA), Chuck Grassley (R-IA), Deb Fischer (R-NE), Richard Blumenthal (D-CT), Amy Klobuchar (D-MN), Angus S. King, Jr. (I-ME), Jerry Moran (R-KS), Tammy Baldwin (D-WI), Richard J. Durbin (D-IL), Charles E. Schumer (D-NY), Tim Scott (R-SC), Jeanne Shaheen (D-NH)

Sponsor's campaign money: Sen. Collins, Susan M. [R-ME] reported raising $22.5 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Jurisdiction: The area or the matters a government or court has authority over.
Obligation: A binding promise by a government agency to pay money, for example by signing a contract or awarding a grant. Spending data such as USAspending.gov counts money when it is obligated, which can be before it is actually paid out.
Statute: A written law passed by a legislature. A statute can be changed by a later law; changing a constitution needs an amendment.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Public Law)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-113s2270.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/113/s>

Record fed-us-cong113-s2270 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113