SSB 3069: SSB 3069

What it does

8, if the aggregate amount of foreign investments held by the company or association does not exceed percent of the company’s or association’s legal reserve, does not exceed percent of the company’s or association’s legal reserve if the foreign jurisdiction has a sovereign debt rating of SVO 1, and for all other foreign jurisdictions does not exceed percent of the legal reserve.8 for purposes of determining compliance with any limitations under those subsections. Under current law, companies and associations may invest in bonds or other evidences of indebtedness, not to include currency, issued, assumed, or guaranteed by a foreign government other than Canada, or by a corporation incorporated under the laws of a foreign government other than Canada.

Senate subcommittee · named January 27, 2022

• Sen. Tim Goodwin (R)
• Sen. Craig Johnson (R) · craig.johnson@legis.iowa.gov
• Sen. Herman C. Quirmbach (D) · herman.quirmbach@legis.iowa.gov

Lobbying · 2 for, 0 against

For: Federation of Iowa Insurers; Iowa Insurance Associates

In plain words

1. January 27, 2022Filed in the Senate and sent to the Commerce committee
2. January 27, 2022Senate subcommittee named: Goodwin, Johnson and Quirmbach
3. February 1, 2022Subcommittee recommended passing it with changes
4. February 14, 2022Approved by the Senate committee, and given a new number: SF 2288