(b)(1)’’ and inserting ‘‘appropriate congres-
sional committees and leadership and to con-
gressional committee staff with proper security 
clearances’’; and 
(C) by striking paragraph (2) and insert-
ing the following new paragraph: 
‘‘(2)(A) the 90-day period beginning on the 
date on which the copy of the final legal text of the 
agreement is submitted under paragraph (1) to the 
congressional committees, leadership, and staff has 
expired; and 
‘‘(B) the covered agreement has not been pre-
vented from taking effect pursuant to subsection 
(e).’’; and 
(5) by adding at the end the following new sub-
sections: 
‘‘(e) PERIOD FOR REVIEW BY CONGRESS.— 
‘‘(1) IN GENERAL.—During the layover period 
referred to in subsection (d)(2)(A), the Committees 
on Banking, Housing, and Urban Affairs and Fi-
nance of the Senate and the Committees on Finan-
cial Services and Ways of Means of the House of 
Representatives should, as appropriate, exercise 
their full oversight responsibility.
‘‘(2) EFFECT OF ENACTMENT OF A JOINT RES-
OLUTION
OF
DISAPPROVAL.—Notwithstanding any 
other provision of law, if a joint resolution of dis-
approval relating to a covered agreement submitted 
under subsection (d)(1) is enacted in accordance 
with subsection (f), the covered agreement shall not 
enter into force with respect to the United States. 
‘‘(f) JOINT RESOLUTIONS OF DISAPPROVAL.— 
‘‘(1) DEFINITION.—In this subsection, the term 
‘joint resolution of disapproval’ means, with respect 
to proposed covered agreement, only a joint resolu-
tion of either House of Congress— 
‘‘(A) that is introduced during the 90-day 
period referred to in subsection (d)(2)(A) relat-
ing to such proposed covered agreement; 
‘‘(B) which does not have a preamble; 
‘‘(C) the title of which is as follows: ‘A 
joint resolution disapproving a certain proposed 
covered agreement under section 314 of title 
31, United States Code.’; and 
‘‘(D) the sole matter after the resolving 
clause of which is the following: ‘Congress dis-
approves of the proposed covered agreement 
submitted to Congress under section 314 (c)(1) 
of 
title 
31, 
United 
States 
Code, 
on
lllllll 
relating 
to 
llllllll.’, with the first blank space 
being filled with the appropriate date and the 
second blank space being filled with a short de-
scription of the proposed covered agreement. 
‘‘(2) INTRODUCTION.—During the layover pe-
riod referred to in subsection (d)(2)(A), a joint reso-
lution of disapproval may be introduced— 
‘‘(A) in the House of Representatives, by 
any Member of the House, and 
‘‘(B) in the Senate, by any Senator, 
and shall be referred to the appropriate committees. 
‘‘(3) RULES OF HOUSE OF REPRESENTATIVES 
AND SENATE.—This subsection is enacted by Con-
gress— 
‘‘(A) as an exercise of the rulemaking 
power of the Senate and the House of Rep-
resentatives, respectively, and as such is deemed 
a part of the rules of each House, respectively, 
and supersedes other rules only to the extent 
that it is inconsistent with such rules; and 
‘‘(B) with full recognition of the constitu-
tional right of either House to change the rules 
(so far as relating to the procedure of that 
House) at any time, in the same manner, and
to the same extent as in the case of any other 
rule of that House. 
‘‘(g) APPROPRIATE CONGRESSIONAL COMMITTEES 
AND LEADERSHIP DEFINED.—In this section, the term 
‘appropriate congressional committees and leadership’ 
means— 
‘‘(1) the Committees on Banking, Housing, and 
Urban Affairs and Finance, and the majority and 
minority leaders, of the Senate; and 
‘‘(2) the Committees on Financial Services and 
Ways and Means, and the Speaker, the majority 
leader, and the minority leader, of the House of 
Representatives.’’. 
SEC. 8. INAPPLICABILITY TO TRADE AGREEMENTS. 
This Act and the amendments made by this Act shall 
not apply to any forum or negotiations related to a trade 
agreement. 
Passed the House of Representatives July 10, 2018. 
Attest: 
Clerk.
115TH CONGRESS 
2D SESSION 
H. R. 4537 
AN ACT 
To preserve the State-based system of insurance 
regulation and provide greater oversight of and 
transparency on international insurance stand-
ards setting processes, and for other purposes.