House Subcommittee Hearing on Federal Insurance Regulation
January 1, 2018
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The Frame
The hearing record documents the legislative debate over whether insurance should be regulated primarily at the state level or if increased federal oversight is necessary, which impacts how insurance companies operate and how consumers are protected across state lines.
Potentially affected actors named in the source documents. Mention is not a position.
Insurance companies
These entities are subject to the regulatory frameworks discussed, which dictate their operational requirements and oversight.
State insurance regulators
These officials manage state-level insurance oversight and are involved in the debate regarding the balance between state and federal authority.
Last recorded activity January 1, 2018.
Next step not available in the current record.
Summary
Key Facts
- The hearing took place on October 24, 2017, before the Subcommittee on Housing and Insurance.
- The hearing focused on the scope and necessity of federal involvement in the insurance industry.
- Four primary witnesses provided testimony: Paul Ehlert, Daniel Schwarcz, Rick Means, and Katharine Wade.
- The document contains written statements from eight industry trade associations, including the American Council of Life Insurers and the Reinsurance Association of America.
- Witnesses and members submitted written responses to follow-up questions for the record, which are included in the appendix.
- The record includes an article regarding the collapse of AIG submitted by Representative Edward Royce.
Frequently Asked Questions
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Why It Matters
The hearing record documents the legislative debate over whether insurance should be regulated primarily at the state level or if increased federal oversight is necessary, which impacts how insurance companies operate and how consumers are protected across state lines.
News Coverage
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Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Historical Context of AIG
The inclusion of an article on the AIG collapse suggests the committee was using past financial crises to frame the discussion on current insurance regulation.
Connected Entities
Sources
www.govinfo.gov
Analysis Score
0–100- Significance40How much this matters to a regular citizen
- Controversy30Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz5Current news / social attention level
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