H.R. 5143 - Transparent Insurance Standards Act of 2016

Bill Text

    Rules Commitee Print 114-68 PDF XML

    Showing the text of the bill as reported by the Committee on Financial Services with a modification.
            ::  Summary of modification:  Section 11 of Rules Committee Print 114-68 contains language to fully offset CBO's estimated $7 million cost of H.R. 5143 as reported.  Section 11 reduces the amount of money that the SEC can deposit in its "Reserve Fund" to a maximum of $43 million for the current fiscal year (FY 17) and directs any amounts that exceed that limitation must be transferred from the SEC to the Treasury General Fund.  

    Text of H.R. 5143 PDF XML

    Transparent Insurance Act of 2016 (as reported)

    H. Rept. 114-831 PDF

    Report from the Committee on Financial Services

Rule Information

REPORTED BY RECORD VOTE of 6-2 on Tuesday, December 6, 2016.

Agreed to by record vote of 232-180, after agreeing to the previous question by record vote of 231-178, on Wednesday, December 7, 2016.


1. Structured rule.  

2. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.  

3. Waives all points of order against consideration of the bill. 

4. Provides that an amendment in the nature of a substitute consisting of the text of Rules Committee Print 114-68 shall be considered as adopted, and the bill, as amended, shall be considered as read.

5. Waives all points of order against provisions in the bill, as amended.   

6. Makes in order only the further amendment printed in the Rules Committee report, if offered by the Member designated in the report, which shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question. 

7. Waives all points of order against the amendment printed in the report.

8. Provides one motion to recommit with or without instructions. 

9. Provides that on any legislative day after December 8, 2016: the Journal of the proceedings of the previous day shall be considered as approved; and the Chair may at any time declare the House adjourned to meet at a date and time to be announced by the Chair in declaring the adjournment. 

10. Provides that the Speaker may appoint Members to perform the duties of the Chair for the duration of the period addressed by section 2. 

11. Provides that each day during the period addressed by section 2 of the resolution shall not constitute calendar days for the purposes
of section 7 of the War Powers Resolution (50 U.S.C. 1546). 

12. Provides that each day during the period addressed by section 2 of the resolution shall not constitute a legislative day for purposes of clause 7 of rule XIII (resolutions of inquiry).   

13. Provides that it shall be in order at any time on the legislative day of December 8, 2016, for the Speaker to entertain motions that the House suspend the rules and that the Speaker or his designee shall consult with the Minority Leader or her designee on the designation of any matter for consideration pursuant to this section. 

Amendments (click headers to sort)

#Version #Sponsor(s)PartySummaryStatus
3Version 1DeSantis (FL)RepublicanLate Adds an additional requirement that the international agreement must be written in plain writing, as defined by the Plain Writing Act of 2010.Made In Order
4Version 1DeSantis (FL)RepublicanLate Withdrawn Requires that the Joint Analysis Report contains the actual dollar amount of compliance cost to the industry.Withdrawn
1Version 1Duffy (WI)RepublicanRequires Congress to affirmatively approve any major rule promulgated to carry out this Act and sets forth congressional approval procedures consistent with the House-passed REINS Act.Submitted
2Version 1Heck, Denny (WA)DemocratSUBSTITUTE Late Replaces with requirements 1) for state insurance commissioners to be present in any international forum where insurance regulation is discussed; and 2) that any international agreement on insurance regulation be consistent with and protective of the U.S. system of insurance regulation. Submitted