Vote Smart's Synopsis:

Vote to pass a bill that expands the definition of the term "business of insurance" to include the posting of monetary bail, criminal bail bonds, and federal immigration bail bonds.

Highlights:

• Expands the definition of the term business of insurance, for the purposes of federal crimes related to insurance fraud, to include the posting of monetary bail, criminal bail bonds, and federal immigration bail bonds (Sec. 2).

• Specifies that, under the bill, entities and organizations that pay cash bond or bail for defendants (e.g., charitable bail funds) are engaged in the business of insurance under federal law and subject to federal criminal provisions related to insurance fraud, as well as state licensing requirements and regulation by state insurance commissions (Sec. 2).

Full Bill Text

Full Bill Text