Introduced
by
To establish that a party to a commodity contract, forward, contract, swap agreement, or similar financial "derivatives" agreement with a financially troubled insurance company cannot be stayed from closing or liquidating the contract because of rehabilitation proceedings involving the insurance company.
Referred to the Committee on Insurance and Financial Services
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 102 to 0 (details)
Referred to the Committee on Banking and Financial Institutions
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 36 to 0 (details)
To establish that a party to a commodity contract, forward, contract, swap agreement, or similar financial "derivatives" agreement with a financially troubled insurance company cannot be stayed from closing or liquidating the contract because of rehabilitation proceedings involving the insurance company.
