Bills
Dodd-Frank Act
Dodd-Frank enacted on July 21, 2010 H.R.4173 – Dodd-Frank Wall Street Reform and Consumer Protection Act – 111th Congress (2009-2010) congress.gov/bill/111th-congress/house-bill/4173/text H. Rept. 111-517 – DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT, 111th Congress (2009-2010) 2010 Conference on Financial Regulations Bill – VIDEO-CSPAN Conference Hearings – PDF’s?? llsdc.org/dodd-frank-legislative-history https://www.congress.gov/congressional-report/111th-congress/house-report/517 State insurance regulation was…
Read MoreMcCarran-Ferguson Act
McCarran-Ferguson Act 1945 – Congress – McCarran-Ferguson Act of 1945 Senator Homer Ferguson (R-MI) – 1943-1955 Senator Pat McCarran – (D-NV) – 1933-1954 1869 – LC – Paul v Virginia 1944 – LC – United States v. South-Eastern Underwriters Association – United States Supreme Court It is important to note that McCarran is a power-sharing statute…
Read MoreNARAB – National Association of Registered Agents and Brokers
NARAB – National Association of Registered Agents and Brokers 2000 0412 – Testimony – NAIC to GOV (Senate) – State Implementation of the NARAB Subtitle in the Gramm-Leach-Bliley Act, Testimony of the Financial Services Modernization NARAB Working Group, Terri Vaughan (IA) – 19p Senate – Committee on Banking, Housing, and Urban Affairs – Securities Subcommittee…
Read MoreGLBA-Gramm–Leach–Bliley-Act
GLBA – Gramm–Leach–Bliley enacted November 12, 1999 2000 – AP – Banking and Insurance: Before and after the Gramm-Leach-Bliley Act, by Markham, Broome – 66p 1991 – GreenBook- federalreserve.gov/monetarypolicy/fomchistorical1991.htm PUBLIC LAW 106–102—NOV. 12, 1999 – https://www.govinfo.gov/content/pkg/PLAW-106publ102/pdf/PLAW-106publ102.pdf https://ia802703.us.archive.org/14/items/hr10thefinancial00unit/hr10thefinancial00unit.pdf wikipedia-Gramm Leach Bliley Act – GLBA Banking, Housing, and Urban Affairs The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act…
Read MoreConsolidated Appropriations Act 2021
Consolidated Appropriations Act 2021 2020 0521 – NAIC – Life Actuarial (A) Task Force Conference Call May 21, 2020 You’re caught into this box where you’ve got a product that, when you go back to that format, it’s an iteration of the product that can’t exist. The intent is, if you’re selling this thing as…
Read MoreTEFRA
TEFRA TEFRA – DEFRA – TAMRA 1982 – TEFRA – Tax Equity and Fiscal Responsibility Act of 1982 – congress.gov/bill/97th-congress/house-bill/4961 Stopgap Law Metzenbaum, Dole, Long congress.gov/98/crecb/1984/04/10/GPO-CRECB-1984-pt6-6-2.pdf What happened under TEFRA? Several things: We lost MODCO 820 forever. We had a deceptively modest reduction in 818(c)2. A lot of the teeth were taken out of reinsurance…
Read MoreDEFRA
DEFRA Probably everyone in this room remembers the lengthy—not to say exhausting—effort that went behind the changes in life insurance taxation enacted by the Deficit Reduction Act of 1984. It was agreed by us and by the industry that, in the context of current law, this effort probably eliminated the abuses we had seen in…
Read MoreTEFRA – DEFRA – TAMRA
TEFRA – DEFRA – TAMRA 1982 – TEFRA – Tax Equity and Fiscal Responsibility Act of 1982 https://www.congress.gov/bill/97th-congress/house-bill/4961 1983 – Life Insurance Tax Act of 1983 1984 – DEFRA H.R. 4170 (98th): Deficit Reduction Act of 1984 Tax Reform Act of 1984 PUBLIC LAW 98-369—JULY 18, 1984 https://www.govinfo.gov/content/pkg/STATUTE-98/pdf/STATUTE-98-Pg494.pdf 1988 – Technical and Miscellaneous Revenue Act of 1988…
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