[3] The Insurance Capital Standards Clarification Act of 2014 was introduced into the United States Senate on April 29, 2014 by Sen. Tom Coburn (R, OK).

[2] It was referred to the United States Senate Committee on Banking, Housing, and Urban Affairs.

[1] Organizations that could be affected by this change include the American International Group, Prudential Financial, MetLife, State Farm, and USAA.

The Obama administration, Democrats and Republicans in the House and the Senate, state and federal regulators and private industry all agree that life insurers should not be subject to capital standards more suited for the business of banking.

"[5] This article incorporates public domain material from websites or documents of the United States Government.