ASA Legislative Update: Federal Insurance Office Survives Dodd-Frank Reform
After Senate passage and much discussion with the House leadership, the House passed S. 2155 May 22 by a vote of 258-159, leaving the Federal Insurance Office in tact.
ASA: Federal Insurance Office Still at Risk After Senate Passes Dodd-Frank Reform Bill
On March 14, the U.S. Senate passed S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, which is a wide-ranging bank deregulation bill that would scale back key parts of the 2010 Dodd-Frank law.
House Committee Holds Hearing on Impact of Dodd-Frank Insurance Regulations
Panelists remark on Federal Insurance Office in testimonies.
Legislation Threatens to Abolish Federal Insurance Office
The Automotive Service Association (ASA) announced that bills to abolish the Federal Insurance Office (FIO) have been introduced in the U.S. House of Representatives and the U.S. Senate.
Automotive Service Association Continues to Prevent Dismantling of Federal Insurance Office
“We will need collision repairers to stand with us one more time this congressional session to protect a regulatory tool that is structured to help consumers and collision repairers,” said Scott Benavidez, AAM, ASA collision operations committee director from Albuquerque, N.M.
Bipartisan Policy Center Launches Insurance Task Force
Task force will assess the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and identify ways to improve and modernize insurance oversight.
U.S. House Committee Holds Insurance Data Hearing
The Automotive Service Association (ASA) has announced that the Housing and Insurance Subcommittee of the U.S. House Financial Services Committee held a hearing to discuss proposals to reform domestic insurance policy. Included in the hearing agenda was the Insurance Data Protection Act, Rep. Steve Stiver’s (R-Ohio) bill to modify the authority of the Federal Insurance
Debate on Federal Regulation of Insurance Continues
At hearing, FIO Director Michael McRaith notes that Republican President Theodore Roosevelt called for the federal regulation of insurance in his 1904 State of the Union address.
Federal Insurance Office Releases Insurance Modernization Report
The Automotive Service Association (ASA) announces the U.S. Department of the Treasury’s Federal Insurance Office (FIO) has released its long-awaited report on how to modernize and improve the system of insurance regulation in the United States. The report was mandated as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The report was
U.S. House Committee on Financial Services Holds Insurance Hearing
The U.S. House Committee on Financial Services Subcommittee on Housing and Insurance recently held a hearing titled, “The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers.” Witnesses included Mike McRaith, director of the Federal Insurance Office (FIO) at the U.S. Department of the Treasury, created under the Dodd-Frank Act. McRaith made the