To require the Federal Insurance Office to carry out a study on illegal steering and redlining in the insurance industry.

Bill: 113-hr-5067
Sponsor: full_name: Rep. Clay, Wm. Lacy [D-MO-1]
Introduced: 2014-07-10
Policy area: Finance and Financial Sector
Subjects: Congressional oversight

Government studies and investigations

Insurance industry and regulation

Life, casualty, property insurance

Racial and ethnic relations
Latest action: action_date: 2014-07-10
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2014-07-10
action_desc: Introduced in House
text: <p>Requires the Director of the Federal Insurance Office (in the Department of the Treasury) to study whether the insurance industry engages in the illegal practices of insurance steering or redlining, including an investigation of insurance products, pricing, promotions, and placement of services being offered to consumers in the United States.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 5067 IN THE HOUSE OF REPRESENTATIVES July 10, 2014 Mr. Clay introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the Federal Insurance Office to carry out a study on illegal steering and redlining in the insurance industry.

1. Study on insurance steering and redlining (a) Study The Director of the Federal Insurance Office shall carry out a study to determine whether the insurance industry is engaging in the illegal practices of insurance steering or redlining. In carrying out such study, the Director shall investigate insurance products, pricing, promotions, and placement of services being offered to consumers in the United States. (b) Report Not later than the end of the 180-day period beginning on the date of the enactment of this Act, the Director shall issue a report to the Congress containing— (1) all findings and determinations made in carrying out the study required under subsection (a); and (2) any legislative recommendations the Director may determine appropriate.