Why Should I Vote On BetterDistricts?

Polling is a powerful tool to help our elected officials determine how they should vote.

Standard polling methods don't give you the control that you deserve. With BetterDistricts you can show your representative exactly how strongly a bill is supported in your community.

Send a clear signal on how you want your government to work.

 

H.R. 3110 - Financial Stability Oversight Council Insurance Member Continuity Act

Introduced: 2017-09-05
Bill Status: Passed
 

(This measure has not been amended since it was introduced. The expanded summary of the House passed version is repeated here.)

Financial Stability Oversight Council Insurance Member Continuity Act

(Sec. 2) This bill amends the Financial Stability Act of 2010 to modify the term of the independent member with insurance expertise of the Financial Stability Oversight Council to allow the current member to continue to serve in the event of a delay in the naming of a successor by the end of the member's six-year term. In such a case, the independent member may continue to serve until 18 months after the end of the term or until a successor is confirmed, whichever is earlier.

Full Text


H. R. 3110




AT THE FIRST SESSION

Begun and held at the City of Washington on Tuesday,
the third day of January, two thousand and seventeen

    To amend the Financial Stability Act of 2010 to modify the term of the independent member of the Financial Stability Oversight Council.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Financial Stability Oversight Council Insurance Member Continuity Act”.

SEC. 2. Financial Stability Oversight Council.

Section 111(c) of the Financial Stability Act of 2010 (12 U.S.C. 5321(c)) is amended by adding at the end the following:

“(4) TERM OF INDEPENDENT MEMBER.—Notwithstanding paragraph (1), if a successor to the independent member of the Council serving under subsection (b)(1)(J) is not appointed and confirmed by the end of the term of service of such member, such member may continue to serve until the earlier of—

“(A) 18 months after the date on which the term of service ends; or

“(B) the date on which a successor to such member is appointed and confirmed.”.

Attest:





Speaker of the House of Representatives.  

Attest:





Vice President of the United States and   
President of the Senate.

Relevant News Stories And Blog Posts

Title Worth Reading

Vote on H.R. 3110

 

Activity in last 30 days