1. Short title This Act may be cited as the International Insurance Standards Act of 2017 . 2. Congressional findings The Congress finds the following: (1) The State-based system for insurance regulation in the United States has served American consumers well for more than 150 years and has fostered an open and competitive marketplace with a diversity of insurance products to the benefit of policyholders and consumers. (2) Protecting policyholders by regulating to ensure an insurer’s ability to pay claims has been the hallmark of the successful United States system and should be the paramount objective of domestic prudential regulation and emerging international standards. (3) The Dodd-Frank Wall Street Reform and Consumer Protection Act ( Public Law 111–203 ) reaffirmed the State-based insurance regulatory system. 3. Requirement that insurance standards reflect United States policy (a) Requirement Parties representing the Federal Government in any international regulatory, standard-setting, or supervisory forum or in any negotiations of any international agreements relating to the prudential aspects of insurance shall not agree to, accede to, accept, or establish, and shall use their voice and shall vote to oppose, any proposed agreement, including agreements or proposed agreements for an international insurance standard, including proposals developed by the International Association of Insurance Supervisors (or a successor entity), that— (1) is inconsistent with and does not reflect existing Federal and State laws, regulations, and policies on regulation of insurance, including the primacy of policyholder protection in solvency regulation