,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #fdcf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,decemb] #e1 #bjaf,mr4
 ,heck ( ,wa%+ton 7= himself1 ,mr4      
,%]man1 & ,ms4 ,ku/]7 introduc$ ! foll[+
 bill2 :i* 0 ref]r$ to ! ,committee on  
,f9ancial ,s]vices  ,a ,,bill  ,to      
require t any int]national insurance    
/&>ds agre$ to by p>ties repres5t+ !    
,unit$ ,/ates reflect exi/+ ,unit$      
,/ates laws1 regulations1 & policies on 
regulation ( insurance1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,u4,s4 ,insurance          
,regulation ,works ,act ( #bjaf4  #b4   
,congressional f9d+s ,! ,congress f9ds !
 foll[+3  7#a7 ,! ,/ate-bas$ sy/em =    
insurance regulation 9 ! ,unit$ ,/ates  
has s]v$ ,am]ican consum]s well = m ?an 
#aej ye>s4  7#b7 ,protect+ policyhold]s 
by gu>antee+ an insur]'s ability to pay 
claims has be5 ! hallm>k ( ! successful 
,u4,s4 sy/em & %\ld be ! p>am\nt        
objective ( dome/ic prud5tial regulation
 & em]g+ int]national /&>ds4  7#c7 ,!   

,dodd-,frank ,wall ,/reet ,re=m &       
,consum] ,protection ,act 7,public ,law 
#aaa-bjc7 reaffirm$ ! ,/ate-bas$        
insurance regulatory sy/em1 :ile giv+ ! 
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em au?ority to regulate c]ta9       
non-bank entities on a consolidat$      
basis1 includ+ insur]s t h be5 designat$
 sy/emically important f9ancial         
in/itutions or t include an insur$      
depository in/itution & are regulat$ by 
! ,/ates at ! insurance entity level4   
#c4 ,requirem5t t int]national insurance
 /&>ds reflect ,unit$ ,/ates policy     
,be=e ass5t+ to any int]national        
insurance regulatory proposal1 includ+  
proposals develop$ by ! ,int]national   
,association ( ,insurance ,sup]visors1  
p>ties repres5t+ ! ,f$]al ,gov]nm5t %all
 ensure t--  7#a7 ! proposal is consi/5t
 ) & reflective ( exi/+ ,f$]al & ,/ate  
laws1 regulations1 & policies on        
regulation ( insurance1 includ+ !       
primacy ( policyhold] protection 9      
solv5cy regulation2 &  7#b7 exi/+ ,f$]al

 & ,/ate laws1 regulations1 & policies  
on ! regulation ( insurance w\ld be     
recogniz$ z satisfy+ su* proposals4  #d4
 ,/ate insurance regulator involvem5t 9 
int]national /&>d sett+ ,p>ties         
repres5t+ ! ,f$]al ,gov]nm5t 9 any      
int]national regulatory1 /&>d-sett+1 or 
sup]visory =um or 9 any negotiations (  
any int]national agreem5ts relat+ to    
insurance %all1 on matt]s relat$ to     
insurance1 consult ) & seek to include 9
 su* meet+s1 ,/ate insurance            
commission]s or _! designees4