 While he already planned on not seeking a third term in tbe Senate due to his self-imposed two-term term limit, on January 16, 2014, Coburn announced he would resign his office before his term ended at the end of the year due to his declining health.On April 29, 2014, Coburn introduced the Insurance Capital Standards Clarification Act of 2014 (S. 2270; 113th Congress) into the Senate and it passed on June 3, 2014.Coburn used the Senate hold privilege to prevent several bills from coming to the Senate floor.