I 
113TH CONGRESS 
1ST SESSION H. R. 1155 
To reform the National Association of Registered Agents and Brokers, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 14, 2013 
Mr. NEUGEBAUER (for himself, Mr. DAVID SCOTT of Georgia, Mr. LUETKE-
MEYER, Mr. COTTON, Mr. STIVERS, Mr. GARRETT, Mr. LUCAS, Mr. 
ROSS, Mr. RENACCI, Mr. LATTA, Mr. MARCHANT, Mrs. CAPITO, Mrs. 
WAGNER, Mr. BACHUS, Mr. PITTENGER, Mr. GRIFFIN of Arkansas, Mr. 
MCHENRY, Mrs. BACHMANN, Mr. POSEY, Mr. STUTZMAN, Mr. BARR, 
Mr. CRAMER, Mr. DUFFY, Mr. HULTGREN, Mr. MULVANEY, Mr. BRALEY 
of Iowa, Mr. PETERS of Michigan, Mr. LOEBSACK, Mr. SHERMAN, Mr. 
LARSON of Connecticut, Ms. MOORE, Mrs. MCCARTHY of New York, Mr. 
PERLMUTTER, Mr. CAPUANO, Mrs. CAROLYN B. MALONEY of New York, 
Ms. WASSERMAN
SCHULTZ, Mr. SCHRADER, Mr. MATHESON, Mr. 
LANCE, Mr. KINZINGER of Illinois, Mr. AL GREEN of Texas, Mr. GARY 
G. MILLER of California, and Mr. HUIZENGA of Michigan) introduced the 
following bill; which was referred to the Committee on Financial Services 
A BILL 
To reform the National Association of Registered Agents 
and Brokers, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘National Association 
of Registered Agents and Brokers Reform Act of 2013’’. 
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SEC. 2. REESTABLISHMENT OF THE NATIONAL ASSOCIA-
TION OF REGISTERED AGENTS AND BRO-
KERS. 
(a) IN GENERAL.—Subtitle C of title III of the 
Gramm-Leach-Bliley Act (15 U.S.C. 6751 et seq.) is 
amended to read as follows: 
‘‘Subtitle C—National Association 
of Registered Agents and Brokers 
‘‘SEC. 
321. 
NATIONAL 
ASSOCIATION 
OF 
REGISTERED 
AGENTS AND BROKERS. 
‘‘(a) ESTABLISHMENT.—There is established the Na-
tional Association of Registered Agents and Brokers 
(hereafter in this subtitle referred to as the ‘Association’). 
‘‘(b) STATUS.—The Association shall— 
‘‘(1) be a nonprofit corporation; 
‘‘(2) have succession until dissolved by an Act 
of Congress; 
‘‘(3) not be an agent or instrumentality of the 
United States Government; and 
‘‘(4) except as otherwise provided in this sub-
title, be subject to, and have all the powers conferred 
upon a nonprofit corporation by the District of Co-
lumbia Nonprofit Corporation Act (D.C. Code, sec. 
29–301.01 et seq.). 
‘‘(c) EFFECTIVE DATE.—The provisions of this sub-
title shall take effect upon the expiration of the 24-month 
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period beginning on the date of enactment of the National 
Association of Registered Agents and Brokers Reform Act 
of 2013. Notwithstanding such effective date, such per-
sons as are required to establish the Association shall take 
such actions as are necessary to establish the operations 
of the Association by the effective date. 
‘‘SEC. 322. PURPOSE. 
‘‘The purpose of the Association shall be to provide 
a mechanism through which licensing, continuing edu-
cation, and other nonresident insurance producer quali-
fication requirements and conditions may be adopted and 
applied on a multi-state basis without affecting the laws, 
rules, and regulations, and preserving the rights of a 
State, pertaining to— 
‘‘(1) licensing, continuing education, and other 
qualification requirements of producers who are not 
members of the Association; 
‘‘(2) resident or nonresident producer appoint-
ment requirements; 
‘‘(3) supervising and disciplining resident and 
nonresident insurance producers; 
‘‘(4) establishing licensing fees for resident and 
nonresident insurance producers so that there is no 
loss of producer licensing revenue to the State; and 
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‘‘(5) prescribing and enforcing laws and regula-
tions regulating the conduct of resident and non-
resident insurance producers. 
‘‘SEC. 323. MEMBERSHIP. 
‘‘(a) ELIGIBILITY.— 
‘‘(1) IN GENERAL.—Any insurance producer li-
censed in its home State shall, subject to paragraphs 
(2) and (4), be eligible to become a member of the 
Association. 
‘‘(2) INELIGIBILITY FOR SUSPENSION OR REV-
OCATION OF LICENSE.—Subject to paragraph (3), 
an insurance producer is not eligible to become a 
member of the Association if a State insurance regu-
lator has suspended or revoked such producer’s in-
surance license in that State. 
‘‘(3) RESUMPTION OF ELIGIBILITY.—Paragraph 
(2) shall cease to apply to any insurance producer 
if— 
‘‘(A) the State insurance regulator reissues 
or renews the license of such producer in the 
State in which the license was suspended or re-
voked, or otherwise terminates or vacates the 
suspension or revocation; or 
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