Sec. 6. Definitions
135 words·~1 min read·
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In this Act: The term Board means the Board of Governors of the Federal Reserve System, or the designee of the Board. The term covered congressional committees means the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing and Urban Affairs of the Senate. The term international insurance standard means any international insurance supervisory standard developed by an international standards setting organization, or regulatory or supervisory forum, in which the United States participates, including the Common Framework for the Supervision of Internationally Active Insurance Groups, the Financial Stability Board, and the International Association of Insurance Supervisors.
The term Secretary means the Secretary of the Treasury, or the Secretary’s designee. The term State insurance commissioners means the heads of the State insurance departments or their designees acting at their direction.