# 114-hr-1478: Policyholder Protection Act of 2015

114-hr-1478, Policyholder Protection Act of 2015, is a 114th Congress bill sponsored by Rep. Posey, Bill [R-FL-8] (R-FL); status Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-1478
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-1478
- Congress: 114
- Title: Policyholder Protection Act of 2015
- Status: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced: 2015-03-19
- Sponsor: Rep. Posey, Bill [R-FL-8] (R-FL)
- Cosponsors: 35
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Policyholder Protection Act of 2015 This bill amends the Federal Deposit Insurance Act to declare that any action of the Federal Deposit Insurance Corporation (FDIC) that requires a bank holding company to provide funds or other assets to a subsidiary depository institution is neither effective nor enforceable with respect to a savings and loan holding company that is also an insurance company, an affiliate of an insured depository institution that is an insurance company, or any other company that is an insurance company and directly or indirectly controls an insured depository institution (entities) if: such funds or assets are to be provided by the entity, and the relevant state insurance authority determines that such an action would have a materially adverse effect on the entity's financial condition. The bill declares that requiring a bank holding company that is an insurance company to serve as a source of financial strength shall be deemed the kind of action of the Board of Governors of the Federal Reserve System that requires a bank holding company to provide funds or other assets to a subsidiary depository institution for specified purposes of the Bank Holding Company Act of 1956. The Dodd-Frank Wall Street Reform and Consumer Protection Act is amended, with respect to systemic risk determination and the treatment of insurance companies and their subsidiaries, to authorize the FDIC to stand in the place of the appropriate regulatory agency and file a judicial action to place such companies into orderly rehabilitation under state law if the appropriate regulatory agency has not done so. The FDIC, when funding the orderly liquidation of an insurance company or its subsidiary, shall notify the relevant state insurance authority promptly of its intention to take a lien on the company's assets. The FDIC may not take such a lien, however, if the state insurance authority informs it that doing so would have a materially adverse effect upon the insurance company's policyholders.

## Cosponsors (35)

- Rep. Sherman, Brad [D-CA-32] (D-CA), 2015-03-19T00:00:00.000Z
- Del. Bordallo, Madeleine Z. [D-GU-At Large] (D-GU), 2015-04-15T00:00:00.000Z
- JOHN DUNCAN (R-TN), 2015-04-16T00:00:00.000Z
- Rep. Ross, Dennis A. [R-FL-15] (R-FL), 2015-04-20T00:00:00.000Z
- Rep. Stivers, Steve [R-OH-15] (R-OH), 2015-04-22T00:00:00.000Z
- Rep. Byrne, Bradley [R-AL-1] (R-AL), 2015-04-22T00:00:00.000Z
- Rep. Fincher, Stephen Lee [R-TN-8] (R-TN), 2015-04-23T00:00:00.000Z
- Rep. Heck, Joseph J. [R-NV-3] (R-NV), 2015-04-27T00:00:00.000Z
- WALTER JONES (R-NC), 2015-04-27T00:00:00.000Z
- Rep. Wilson, Joe [R-SC-2] (R-SC), 2015-04-27T00:00:00.000Z
- Rep. Huizenga, Bill [R-MI-4] (R-MI), 2015-04-27T00:00:00.000Z
- Rep. Wagner, Ann [R-MO-2] (R-MO), 2015-04-27T00:00:00.000Z
- Rep. Mulvaney, Mick [R-SC-5] (R-SC), 2015-04-27T00:00:00.000Z
- Rep. Pearce, Stevan [R-NM-2] (R-NM), 2015-04-29T00:00:00.000Z
- Rep. Grothman, Glenn [R-WI-6] (R-WI), 2015-04-29T00:00:00.000Z
- Rep. Blum, Rod [R-IA-1] (R-IA), 2015-04-29T00:00:00.000Z
- Rep. Tipton, Scott R. [R-CO-3] (R-CO), 2015-04-29T00:00:00.000Z
- Rep. Duffy, Sean P. [R-WI-7] (R-WI), 2015-05-12T00:00:00.000Z
- Rep. Guthrie, Brett [R-KY-2] (R-KY), 2015-05-12T00:00:00.000Z
- Rep. Noem, Kristi L. [R-SD-At Large] (R-SD), 2015-05-12T00:00:00.000Z
- Rep. Hultgren, Randy [R-IL-14] (R-IL), 2015-05-12T00:00:00.000Z
- Rep. Amodei, Mark E. [R-NV-2] (R-NV), 2015-05-18T00:00:00.000Z
- Rep. Gosar, Paul A. [R-AZ-9] (R-AZ), 2015-05-29T00:00:00.000Z
- Rep. Webster, Daniel [R-FL-11] (R-FL), 2015-05-29T00:00:00.000Z
- Rep. Joyce, David P. [R-OH-14] (R-OH), 2015-05-29T00:00:00.000Z
- Rep. Roby, Martha [R-AL-2] (R-AL), 2015-06-01T00:00:00.000Z
- Rep. Poliquin, Bruce [R-ME-2] (R-ME), 2015-06-16T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2015-07-08T00:00:00.000Z
- Rep. Barr, Andy [R-KY-6] (R-KY), 2015-07-21T00:00:00.000Z
- Rep. Harris, Andy [R-MD-1] (R-MD), 2015-07-27T00:00:00.000Z
- Rep. Pittenger, Robert [R-NC-9] (R-NC), 2015-09-09T00:00:00.000Z
- Rep. Emmer, Tom [R-MN-6] (R-MN), 2015-09-10T00:00:00.000Z
- Rep. Heck, Denny [D-WA-10] (D-WA), 2015-09-16T00:00:00.000Z
- Rep. Lucas, Frank D. [R-OK-3] (R-OK), 2015-09-24T00:00:00.000Z
- Rep. Delaney, John K. [D-MD-6] (D-MD), 2015-10-28T00:00:00.000Z

## Related bills

- 114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015
- 114-hr-699: Email Privacy Act
- 114-hr-160: Protect Medical Innovation Act of 2015
- 114-hr-2992: Merchant Marine of World War II Congressional Gold Medal Act
- 114-hr-4773: Protecting Workplace Advancement and Opportunity Act
- 114-hr-1624: Protecting Affordable Coverage for Employees Act

## Sources
- [114-hr-1478 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/1478)

## Related
- [114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015](https://policyrisk.com/legislation/114-hr-1190)
- [114-hr-699: Email Privacy Act](https://policyrisk.com/legislation/114-hr-699)
- [114-hr-160: Protect Medical Innovation Act of 2015](https://policyrisk.com/legislation/114-hr-160)
- [114-hr-2992: Merchant Marine of World War II Congressional Gold Medal Act](https://policyrisk.com/legislation/114-hr-2992)
- [114-hr-4773: Protecting Workplace Advancement and Opportunity Act](https://policyrisk.com/legislation/114-hr-4773)
- [114-hr-1624: Protecting Affordable Coverage for Employees Act](https://policyrisk.com/legislation/114-hr-1624)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-1478 (as of 2025-11-18).