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H.R.5840 / 110th Congress

Insurance Information Act of 2008

Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .

Official summary

Version 00 · Introduced in House · Apr 17, 2008

Insurance Information Act of 2008 - Directs the Secretary of the Treasury to advise the President and Congress on domestic and international policy issues regarding all lines of insurance except health insurance.

Establishes within the Department of the Treasury the Office of Insurance Information, headed by a Deputy Assistant Secretary, to: (1) collect, analyze, and disseminate information and issue reports regarding all lines of insurance except health insurance; (2) establish federal policy on international insurance matters and ensure that state insurance laws are consistent with agreements between the United States and a foreign government or regulatory entity; and (3) advise the Secretary on major domestic and international insurance policy issues.

Extends the authority of the Office to all lines of insurance except health insurance.

Preempts inconsistent state law.

Requires the head of the Office to report to specified congressional committees on the financial state and meaningful trends of the insurance industry.

Establishes the Advisory Group to the Office of Insurance Information.

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Who introduced it

Rep. Kanjorski, Paul E. [D-PA-11] · D–PA

Committees

  • Financial Services Committee
13 cosponsorship records, including any withdrawals

Actions

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  1. Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .

  2. Subcommittee Consideration and Mark-up Session Held.

  3. Subcommittee Hearings Held.

  4. Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

  5. Referred to the House Committee on Financial Services.

  6. Introduced in House

  7. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.

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Objective

Analyze H.R.5840 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

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Institutions and government scope

Conservative lens

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Individual rights and government power

Liberty lens

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