H.R. 6260
Treats posting bail as insurance under federal law
Counts groups that post cash bail or bail bonds as being in the insurance business, making them subject to federal insurance fraud law and state insurance licensing and regulation.
- Groups that pay cash bail or bail bonds would be treated as insurers
- Includes charitable bail funds that pay bail for defendants
- They could face federal insurance fraud charges
- State insurance commissions would license and regulate them
Passed the House · Senate's turn