Key Senators Introduce Bill to Elevate State Insurance Commissioner on FSOC

July 2, 2018 Sens. Tim Scott, R-S.C., and Doug Jones, D-Ala., members of the Senate Banking Committee, introduced a bill June 28 to elevate the role of a state insurance commissioner sitting on the Financial Stability Oversight Council. The bipartisan legislation... Read more

HFS Committee to Consider Insurance Legislation at May 9 Meeting

April 30, 2018 The House Financial Services Committee is planning to hold a markup on May 9 to consider several pieces of legislation, which is likely to include pieces of legislation dealing with the insurance industry... Read more

Ross, Heck Introduce Bill to Elevate State Insurance Commissioner on FSOC

April 30, 2018 Reps. Dennis Ross, R-Fla., vice chairman of the House Financial Services Subcommittee on Housing and Insurance and Denny Heck, D-Wash., introduced a bill April 27 to elevate the role of a state... Read more

Senate Confirms Workman for FSOC Post

March 26, 2018 The Senate confirmed Thomas Workman on March 21 as the independent voting member with insurance expertise on the Financial Stability Oversight Council. Prior to his nomination, Workman served as president and CEO of the New York-based Life Insurance ... Read more

Financial Stability Task Force and the Macroprudential Surveillance Initiative

December 12, 2017 The Financial Stability (EX) Task Force announced at the summer meeting its intentions to determine if there are gaps in macroprudential data related to large insurance groups. The task force indicated it was looking for... Read more

Treasury Urges Changes to SIFI Evaluation Process

November 20, 2017 The Financial Stability Oversight Council would focus on risky activities rather than size when evaluating companies for potential systemic economic risk if recommendations... Read more

House, Senate to Move Legislation Maintaining Insurance Expertise on FSO

September 5, 2017 The House of Representatives will vote Sept. 5 on H.R. 3110, the Financial Stability Oversight Council Insurance Member Continuity Act. The bill is expected to easily pass, possibly... Read more

House Committee Passes Bill to Maintain Insurance Expertise on FSOC

July 31, 2017 Read more

FSOC to Meet This Week to Discuss Volcker Rule, MetLife Designation

July 24, 2017 The Financial Stability Oversight Council will hold its next meeting on July 28. The published agenda for the closed meeting will include a conversation on... Read more