D.C. Act 24-205. Department of Insurance, Securities, and Banking Emergency Powers Emergency Amendment Act of 2021.

AN ACT

To amend, on an emergency basis, the Department of Insurance and Securities Regulation Establishment Act of 1996 within the Coronavirus Support Temporary Amendment Act of 2021 to grant the Commissioner of the Department of Insurance, Securities, and Banking the authority to exercise emergency powers to issue emergency rulemaking, orders, or bulletins during the existence of a public emergency declared by the Mayor pursuant to the District of Columbia Public Emergency Act of 1980.

BE IT ENACTED BY THE COUNCIL OF THE DISTRICT OF COLUMBIA, That this act may be cited as the "Department of Insurance, Securities, and Banking Emergency Powers Emergency Amendment Act of 2021".

Sec. 2. Amendatory section 5a of the Department of Insurance and Securities Regulation Establishment Act of 1996, effective June 24, 2021 (D.C. Law 24-9; D.C. Official Code § 31-104.01), in section 310 of the Coronavirus Support Temporary Amendment Act of 2021, effective June 24, 2021 (D.C. Law 24-9; 68 DCR 4824), is amended as follows:

(a) The section heading is amended to read as follows:

"Sec. 5a. Emergency authority of the Commissioner during a declared public emergency.

(b) Subsection (a) is amended as follows:

(1) The lead-in text is amended as follows:

(A) Strike the phrase "public health emergency declared" and insert the phrase "public emergency declared" in its place.

(B) Strike the phrase "("public health emergency")" and insert the phrase "("public emergency")" in its place.

(2) Paragraph (2)(K) is amended by striking the phrase "public health emergency" and inserting the phrase "public emergency" in its place.

(c) Subsection (c)(2) is amended by striking the phrase "public health emergency" and inserting the phrase "public emergency" in its place.

Sec. 3. Fiscal impact statement.

The Council adopts the fiscal impact statement of the Chief Financial Officer as the fiscal impact statement required by section 4a of the General Legislative Procedures Act of 1975, approved October 16, 2006 (120 Stat. 2038; D.C. Official Code § 1-301.47a).

Sec. 4. Effective date.

This act shall take effect following approval by the Mayor (or in the event of a veto by the Mayor, action by the Council to override the veto), and shall remain in effect for no longer than 90 days, as provided for emergency acts of the Council of the District of Columbia in section 412(a) of the District of Columbia Home Rule Act, approved December 24, 1973 (87 Stat. 788; D.C. Official Code § 1-204.12(a)).