Teacher:In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Teacher: Now, understand the problem? Solve this instance: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Comprehensive Holocaust
Accountability in Insurance Measure''.

TITLE I--PROVISIONS APPLICABLE WITH RESPECT TO CERTAIN FOREIGN
INSURANCE COMPANIES

SEC. 101. PROHIBITION.

(a) In General.--Any foreign insurance company listed in subsection
(b) may not conduct any form of business in the United States,
including participating, directly or indirectly, in any aspect of the
payment system within the jurisdiction of the United States (including
any clearing or electronic fund transfer system) or conducting any
business with a United States bank, unless the company discloses to the
Attorney General, in accordance with subsection (c), the name of any
individual with which the company had any financial dealing and which
is on the list of Jewish Holocaust Survivors maintained by the United
States Holocaust Memorial Museum in Washington, D.C., or the list of
individuals who died in the Holocaust maintained by the Yad Veshem of
Jerusalem in its Hall of Names.
(b) Insurance Companies.--The foreign insurance companies referred
to in subsection (a) are as follows:
(1) Assicurazioni Generali S.p.A.
(2) Union Des Assurances de Paris.
(3) Victoria Lebenversicherungs AG.
(4) Winterthur Lebensversicherungs Gesellschaft.
(5) Allianz Lebensversicherungs AG.
(6) Wiener Allianz Versicherungs AG.
(7) Riunione Adriatica di Sicurta.
(8) Vereinte Lebensversicherungs AG.
(9) Basler Lebens-Versicherungs Gesellschaft.
(10) Deutscher Ring Lebensversicherungs AG.
(11) Nordstern Lebensversicherungs AG.
(12) Gerling Konzern Lebensversicherungs AG.
(13) Manheimer Lebensversicherung AG.
(14) Der Anker.
(15) Allgemeine Versicherungs AG.
(16) Zuerich Lebensversicherungs Gesellschaft.
(17) Any other foreign insurance company which was in a
position to have financial dealings with any individual who was
subject to the Holocaust.
(c) Attorney General.--The Attorney General shall designate an
office in the Department of Justice to which disclosures shall be made
in accordance with subsection (a). Such office shall take such action
as may be appropriate to make the disclosures available to the public.

TITLE II--PROVISIONS APPLICABLE TO UNITED STATES BANKING INSTITUTIONS

SEC. 201. LIMITATION ON INSURED DEPOSITORY INSTITUTIONS.

(a) In General.--Section 18 of the Federal Deposit Insurance Act
(12 U.S.C. 1828) is amended by adding at the end the following new
subsection:
''(t) Prohibition on Transactions With Certain Insurance Companies
or Their Affiliates.--
''(1) In general.--No insured depository institution may
accept any deposit from, maintain any deposit on behalf of,
offer or provide payment services to or on behalf of,
participate directly or indirectly in any aspect of the payment
system (including any clearing or electronic fund transfer
system) for or on behalf of, hold any credit balance for, make
any loan or other extension of credit to or for the benefit of,
or engage in any other financial activity or transaction with
or on behalf of any foreign insurance company listed in section
101(b) (including any company the Attorney General determines
is described in paragraph (17) of such section) or any
affiliate of such company during the period beginning 15 days
after the enactment of the Comprehensive Holocaust
Accountability in Insurance Measure and ending on the date on
which the Attorney General provides notice through publication
in the Federal Register that such company has complied with the
disclosure requirements contained in section 101(a) of such
Act.
''(2) Limited exception for affiliates.--
''(A) In general.--If an insured depository
institution is itself an affiliate of a foreign
insurance company described in paragraph (1), paragraph
(1) shall not apply so as to prohibit--
''(i) the payment of dividends on any
shares of stock in such insured depository
institution which are held by the foreign
insurance company or any affiliate of such
company; or
''(ii) the investment of additional capital
in such insured depository institution by the
foreign insurance company or affiliate.
''(B) Regulations.--Any payment or investment
described in subparagraph (A) shall be subject to, and
shall be made in accordance with, such regulations,
including any limitation, as the Attorney General or
the appropriate Federal banking agency may prescribe.''.

SEC. 202. LIMITATION ON UNINSURED BRANCHES, AGENCIES, AND COMMERCIAL
LENDING COMPANY AFFILIATES OF FOREIGN BANKS.

Section 7 of the International Banking Act of 1978 (12 U.S.C. 3105)
is amended by adding at the end the following new subsection:
''(t) Prohibition on Transactions With Certain Insurance Companies
or Their Affiliates.--
''(1) In general.--No branch, agency, or commercial lending
company which is controlled by a foreign bank may accept any
deposit from, maintain any deposit on behalf of, offer or
provide payment services to, participate directly or indirectly
in any aspect of the payment system (including any clearing or
electronic fund transfer system) for or on behalf of, hold any
credit balance for, make any loan or other extension of credit
to or for the benefit of, or engage in any other financial
activity or transaction with or on behalf of any foreign
insurance company listed in section 101(b) (including any
company the Attorney General determines is described in
paragraph (17) of such section) or any affiliate of such
company during the period beginning 15 days after the enactment
of the Comprehensive Holocaust Accountability in Insurance
Measure and ending on the date on which the Attorney General
provides notice through publication in the Federal Register
that such company has complied with the disclosure requirements
contained in section 101(a) of such Act.
''(2) Limited exception for affiliates.--
''(A) In general.--If a branch, agency, or
commercial lending company which is controlled by a
foreign bank is itself an affiliate of a foreign
insurance company described in paragraph (1), paragraph
(1) shall not apply so as to prohibit--
''(i) the payment of dividends on any
shares of stock or a similar investment in such
branch, agency, or company which are held by
the foreign insurance company or any affiliate
of such company; or
''(ii) the investment of additional capital
in branch, agency, or company by the foreign
insurance company or affiliate.
''(B) Regulations.--Any payment or investment
described in subparagraph (A) shall be subject to, and
shall be made in accordance with, such regulations,
including any limitation, as the Attorney General, the
Board, the Comptroller of the Currency, or the Federal
Deposit Insurance Corporation may prescribe.''.
Student:
TABLE OF CONTENTS:
Title I: Provisions Applicable with Respect to Certain
Foreign Insurance Companies
Title II: Provisions Applicable to United States Banking
Institutions
Comprehensive Holocaust Accountability in Insurance Measure -
Title I: Provisions Applicable with Respect To Certain Foreign Insurance Companies
- Identifies those foreign insurance companies which, as a prerequisite to conducting any form of business in the United States (or with a U.S. bank), must first disclose to the Attorney General the name of any individual with whom such companies had any financial dealing and who is on the list of Jewish Holocaust Survivors maintained by the United States Holocaust Museum in Washington D.C., or the list of individuals who died in the Holocaust maintained by the Yad Veshem of Jerusalem in its Hall of Names.
Directs the Attorney General to designate an office in the Department of Justice: (1) to which such disclosures shall be made; and (2) which shall make such names public.
Title II: Provisions Applicable To United States Banking Institutions
- Amends the Federal Deposit Insurance Act and the International Banking Act of 1978 to prohibit insured depository institutions and foreign bank-controlled commercial lending companies (with a limited exception for affiliates of foreign insurance companies) from engaging in specified financial transactions with or on behalf of a foreign insurance company listed under title I (including any affiliate) during a specified period until the Attorney General publishes in the Federal Register that such company has complied with the disclosure requirements of this Act.