{"database": "press", "table": "releases", "rows": [["https://www.tillis.senate.gov/2019/12/tillis-introduces-bipartisan-legislation-to-reduce-burdens-placed-on-insurance-savings-and-loan-holding-companies", "Tillis Introduces Bipartisan Legislation to Reduce Burdens Placed on Insurance Savings and Loan Holding Companies", "2019-12-19", "2019", "2019-12", "Republican", "House", "NC", "Thom Tillis", "T000476", "www.tillis.senate.gov", null, null, "legacy", "WASHINGTON, D.C. Today, Senators Thom Tillis (R-NC) and Kyrsten Sinema (D-AZ) introducedthe State Insurance Regulation Preservation Act of 2019,bipartisan legislation that would reduce burdens and provide necessary regulatory certainty for insurance savings and loan holding companies (ISLHC).\r\nThis common-sense piece of legislation reduces unnecessary portions of the compliance burden placed on ISLHCs,said Senator Tillis.By ensuring that the Federal Reserve works in tandem with other state and federal regulators, ISLHC can use their resources to better help their clients, rather than wasting them on duplicative reporting and filing requirements.\r\nThe State Insurance Regulation Preservation Act of 2019\r\n \r\nProvides needed regulatory certainty for insurance savings and loan holding companies (ISLHCs) and the policyholders they serve.\r\nAlthough states insurance agencies already provide examination and supervision of ISLHCs, the Dodd-Frank Act brought ISLHCs under the supervision of the Federal Reserve (Fed)\r\nThis practice created a regulatory framework that places ISLHCs under both state and federal regulatory oversight and can lead to duplicative or even conflicting compliance requirement.\r\nMaintains Fed's authority to examine ISLHCs and ensures that examinations are coordinated with other State and Federal authorities, reducing duplicative and potentially conflicting reviews\r\nSen Tillis and Sen Sinema support state based insurance regulation\r\n \r\n###", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.tillis.senate.gov/2019/12/tillis-introduces-bipartisan-legislation-to-reduce-burdens-placed-on-insurance-savings-and-loan-holding-companies"], "units": {}, "query_ms": 0.9700949303805828, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}