Two bipartisan bills that recently passed the House propose to limit federal oversight of insurance savings and loan holding companies and facilitate better cooperation between foreign and domestic financial crime units in working to root out cybercriminals.
H.R. 5059, also known as the “State Insurance Regulation Preservation Act,” and H.R. 6411, the “FinCEN Improvement Act of 2018,” both passed by voice vote and were sent to the Senate, where they were read twice and referred to the Senate Banking Committee.
Find out more about the two legislative pieces and what they propose.