B 26-0426 Legislature · 26th Council Period (2025-2026)

Holding Company System Amendment Act of 2025

This bill amends the District of Columbia's Holding Company System Act of 1993 to modernize insurance regulation. It updates group capital calculation requirements for solvency supervision and adds a liquidity stress test framework based on National Association of Insurance Commissioners (NAIC) standards. The changes directly affect insurance holding companies operating in D.C., requiring them to file annual group capital calculations under NAIC instructions and undergo liquidity stress testing. The bill also grants the Department of Insurance, Securities and Banking (DISB) enhanced authority to oversee insurers in financial distress, ensuring solvency and consumer protection while helping DISB maintain its regulatory accreditation.

Bill status signed all 4 stages cleared

Introduction

Oct 2025

Committee Review

Feb 2026

Council Passage

Mar 2026

Signed into Law

Jun 2026

Introduced Oct 8, 2025 Signed Jun 26, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Engrossment → Enrollment · 4 edits

MODERATE

The bill was finalized and enrolled for signature, retaining its core purpose to update insurance regulations. It adds new definitions for 'lead state' and 'liquidity stress test framework' to modernize how insurance groups are supervised. The bill also establishes new reporting requirements for group capital calculations and introduces exemptions for certain smaller or foreign-based insurance systems.

Scope change

The bill's scope remains focused on amending the Holding Company System Act of 1993 to improve solvency supervision and add liquidity stress testing for insurance holding company systems.

DEFINITION

Added new definitions for 'Lead state', 'Lead state commissioner', 'NAIC liquidity stress test framework', 'Scope criteria', and 'Task Force' to clarify regulatory roles and testing standards.

REQUIREMENT

Added new requirements for insurers to file annual group capital calculations directed by the lead state commissioner, based on NAIC instructions.

Updated materiality thresholds for sales and purchases to ensure consistency between group capital calculations and liquidity stress tests.

ELIGIBILITY

Added exemptions from filing group capital calculations for specific scenarios, including single-insurer systems, systems already regulated by the Federal Reserve, and certain foreign-based systems with reciprocal agreements.

Floor votes · Council Mar 31, 2026

How they voted

13–0

Passed

Total votes 13

Mar 31, 2026

D Democratic11

11 Yea

100% Yea

I Independent2

2 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 31, 2026

Council · Passed

Council Vote: pass (13-0)

council

Feb 17, 2026

Legislature · Passed

Committee Mark-up of B26-0426 by the Committee of the Whole

legislature

Jan 9, 2026

Committee

Re-Referral published.

legislature

Jan 6, 2026

Committee

Re-Referred to Committee of the Whole

legislature

Oct 21, 2025

Committee

Referred to Committee on Business and Economic Development

legislature

Oct 8, 2025

Introduced

B26-0426 Introduced by Chairman Mendelson at Office of the Secretary

legislature

1 primary · 0 co-sponsors