Editing Gramm–Leach–Bliley Act (section)

===Proposed===
*[[National Association of Registered Agents and Brokers Reform Act of 2013 (H.R. 1155; 113th Congress)]] ({{USBill|113|H.R.|1155}}) is a bill meant to reduce the regulatory costs of complying with multiple states' requirements for insurance companies, making it easier for the same company to operate in multiple states.<ref name=Kasper1>{{cite news|last=Kasperowicz|first=Pete|title=House votes to streamline cross-state insurance sales|url=https://thehill.com/blogs/floor-action/house/181913-house-votes-to-streamline-cross-state-insurance-sales/|access-date=11 September 2013|newspaper=The Hill|date=10 September 2013|url-status=live|archive-url=https://web.archive.org/web/20131011145301/http://thehill.com/blogs/floor-action/house/321375-house-votes-to-streamline-cross-state-insurance-sales|archive-date=11 October 2013}}</ref> The bill would amend the Gramm–Leach–Bliley Act to repeal the contingent conditions under which the National Association of Registered Agents and Brokers (NARAB) shall not be established.<ref name=1155sum>{{cite web|title=H.R. 1155 – Summary|url=http://beta.congress.gov/bill/113th/house-bill/1155|publisher=United States Congress|access-date=11 September 2013|url-status=live|archive-url=https://web.archive.org/web/20130914080444/http://beta.congress.gov/bill/113th/house-bill/1155|archive-date=14 September 2013}}</ref> The bill would transform the National Association of Registered Agents and Brokers (NARAB) into a clearing house that set up its own standards that insurance companies would be required to meet in order to do business in other states.<ref name="Kasper1"/> In this new system, however, the insurance company would only have to meet the requirements of their home state and the NARAB (only two entities), not their home state and every other state they wished to operate in (multiple entities).<ref name="Kasper1"/> Proponents of the bill argued that it would help lower costs for insurance companies and make insurance cheaper for people to buy.