1. Short title This Act may be cited as the International Insurance Capital Standards Accountability Act of 2017 . 2. Definitions In this Act— (1) the term appropriate committees of Congress means— (A) the Committee on Banking, Housing, and Urban Affairs of the Senate; and (B) the Committee on Financial Services of the House of Representatives; (2) the term Board of Governors means the Board of Governors of the Federal Reserve System; (3) the term Committee means the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues established under section 4(a); and (4) the term Secretary means the Secretary of the Treasury. 3. Findings Congress finds that the Secretary and the Board of Governors should— (1) support increasing transparency at any global insurance or international standard-setting regulatory or supervisory forum in which the Secretary and the Board of Governors participate, including supporting and advocating for greater public observer access to working groups and committee meetings of the International Association of Insurance Supervisors; and (2) achieve consensus positions with State insurance regulators, through the National Association of Insurance Commissioners— (A) if the Secretary and the Board of Governors take a position, or reasonably intend to take a position, with respect to an insurance proposal by a global insurance regulatory or supervisory forum