This bill has been passed in the House. The bill now goes on to be voted on in the Senate. Keep in mind that debate may be taking place on a companion bill in the Senate, rather than on this particular bill. [Last Updated: Jan 21, 2010 6:31AM]
Last Action: Jan 20, 2010: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
commentary: A report, "Not later than the end of the 180-day period beginning on the date of the enactment of this title,the Chairman shall issue a report to the Congress containing any findings and determinations made in carrying 15 out the study required under subsection (a)" page 117
also see: "SEC. 1603. SYSTEMIC RISK DETERMINATION." page 278
Finally, using the search feature on the pdf file, type, the following word: systemic then press enter. Notice that in the summary, the word was not mentioned one time? The last line in the summary section it states, "Requires the FIO Director to study and report to specified congressional committees on: (1) the global reinsurance market; and (2) how to modernize and improve the system of insurance regulation in the United States."
Not compensated in any manner for research and/or posts. Information should be construed as information only for discussion purposes. Always conduct your own dd. Just my opinion
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