,,ii #aad? ,,congress #a/ ,session ,s4 #ajhf ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #bg1 #bjae ,mr4 ,hell] 7= himself & ,mr4 ,te/]7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to e/abli% an insurance policy advisory committee on int]national capital /&>ds1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,int]national ,insurance ,capital ,/&>ds ,acc\ntability ,act ( #bjae4 #b4 ,f9d+s ,congress f9ds t-- 7#a7 ! ,secret>y ( ! ,treasury1 ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 & ,director ( ! ,f$]al ,insurance ,(fice %all support increas+ transp>5cy at any global insurance or int]national /&>d-sett+ regulatory or sup]visory =um 9 :i* !y p>ticipate1 includ+ support+ & advocat+ = great] public obs]v] access to work+ gr\ps & committee meet+s ( ! ,int]national ,association ( ,insurance ,sup]visors2 & 7#b7 to ! ext5t t ! ,secret>y ( ! ,treasury1 ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 & ,director ( ! ,f$]al ,insurance ,(fice take a position or reasonably int5d to take a position on an insurance proposal by a global insurance regulatory or sup]visory =um1 ! ,secret>y ( ! ,treasury1 ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 & ,director ( ! ,f$]al ,insurance ,(fice %all a*ieve cons5sus positions ) ,/ate insurance regulators ?r\gh ! ,national ,association ( ,insurance ,commission]s1 :5 !y are ,unit$ ,/ates p>ticipants 9 negotiations on insurance issues be=e ! ,int]national ,association ( ,insurance ,sup]visors1 ,f9ancial ,/ability ,bo>d1 or any o!r int]national =um ( f9ancial regulators or sup]visors t consid]s su* issues4 #c4 ,insurance policy advisory committee 7a7 ,e/abli%m5t ,!re is e/abli%$ ! ,insurance ,policy ,advisory ,committee on ,int]national ,capital ,/&>ds & ,o!r ,insurance ,issues at ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em4 7b7 ,memb]%ip ,! ,commission %all be compos$ ( n m ?an #ba memb]s1 all ( :om repres5t a div]se set ( exp]t p]spectives f ! v>i\s sectors ( ! ,unit$ ,/ates insurance indu/ry1 includ+ life insurance1 prop]ty & casualty insurance & re9surance1 ag5ts & brok]s1 academics1 consum] advocates1 or exp]ts on issues fac+ und]s]v$ insurance communities & consum]s4 #d4 ,reports 7a7 ,9 g5]al 7#a7 ,reports & te/imony by ,secret>y ( ! ,treasury & ,*airman ( ! ,f$]al ,res]ve 7,a7 ,9 g5]al ,! ,secret>y ( ! ,treasury & ! ,*airman ( ! ,f$]al ,res]ve1 or _! designee1 %all submit to ! ,bank+1 ,h\s+1 & ,urban ,affairs ,committee ( ! ,s5ate1 & ! ,f9ancial ,s]vices ,committee ( ! ,h\se ( ,repres5tatives1 an annual report & provide annual te/imony to ! ,bank+1 ,h\s+1 & ,urban ,affairs ,committee ( ! ,s5ate1 & ! ,f9ancial ,s]vices ,committee ( ! ,h\se ( ,repres5tatives on ! ef=ts ( ! ,secret>y & ! ,*airman ) ! ,national ,association ( ,insurance ,commission]s ) respect to global insurance regulatory or sup]visory =ums1 includ+-- 7i7 a description ( ! insurance regulatory or sup]visory /&>d-sett+ issues "u discussion at int]national /&>d-sett+ bodies1 includ+ ! ,f9ancial ,/ability ,bo>d & ! ,int]national ,association ( ,insurance ,sup]visors2 7ii7 a description ( ! effects t proposals discuss$ at int]national insurance regulatory or sup]visory =ums ( insurance c\ld h on consum] & insurance m>kets 9 ! ,unit$ ,/ates2 7iii7 a description ( any position tak5 by ! ,secret>y ( ! ,treasury1 ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 & ,director ( ! ,f$]al ,insurance ,(fice 9 int]national insurance discussions2 & 7iv7 a description ( ! ef=ts by ! ,secret>y ( ! ,treasury1 ,director ( ! ,f$]al ,insurance ,(fice1 & ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em to increase transp>5cy at ! ,f9ancial ,/ability ,bo>d ) respect to insurance proposals & ! ,int]national ,association ( ,insurance ,sup]visors1 includ+ ef=ts to provide additional public access to work+ gr\ps & committees ( ! ,int]national ,association ( ,insurance ,sup]visors4 7,b7 ,t]m9ation ,?is p>agraph %all t]m9ate on ,decemb] #ca1 #bjah4 7#b7 ,reports & te/imony by national association ( insurance commission]s ,! ,national ,association ( ,insurance ,commission]s may provide te/imony to ,congress on ! issues describ$ 9 p>agraph 7#a77;,a74 7#c7 ,jo9t report by ! *airman ( ! ,f$]al res]ve & ! director ( ! ,f$]al insurance (fice 7,a7 ,9 g5]al ,! ,secret>y ( ! ,treasury1 ,*airman ( ! ,f$]al ,res]ve1 & ! ,director ( ! ,f$]al ,insurance ,(fice %all1 9 consultation ) ! ,national ,association ( ,insurance ,commission]s1 complete a /udy on1 & submit to ,congress a report on ! results ( ! /udy1 ! impact on consum]s & m>kets 9 ! ,unit$ ,/ates be=e support+ or cons5t+ to ! adoption ( any key elem5ts 9 any int]national insurance proposal or int]national insurance capital /&>d4 7,b7 ,notice & comm5t 7i7 ,notice ,! ,secret>y ( ! ,treasury1 ,*airman ( ! ,f$]al ,res]ve1 & ! ,director ( ! ,f$]al ,insurance ,(fice %all provide notice be=e ! date on :i* draft+ ! report is comm5c$ & aft] ! date on :i* ! draft ( ! report is complet$4 7ii7 ,opportunity = comm5t ,!re %all be an opportunity = public comm5t = a p]iod beg9n+ on ! date on :i* ! report is submitt$ "u subp>agraph 7,a7 & end+ on ! date t is #fj days aft] ! date on :i* ! report is submitt$4 7,c7 ,review by comptroll] g5]al ,! ,secret>y ( ! ,treasury1 ,*airman ( ! ,f$]al ,res]ve1 & ! ,director ( ! ,f$]al ,insurance ,(fice %all submit to ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates ! report describ$ 9 subp>agraph 7,a7 = review4 7#d7 ,report on r$uction 9 transp>5cy ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,*airman ( ! ,f$]al ,res]ve & ! ,secret>y ( ! ,treasury1 or _! designees1 %all submit to ,congress a report & provide te/imony to ,congress on ! ef=ts ( ! ,*airman & ! ,secret>y to increase transp>5cy at meet+s ( ! ,int]national ,association ( ,insurance ,sup]visors4