The business of cash bail and bail bonds would be subject to federal insurance fraud laws under .
The bill would amend current law, which makes it a criminal offense for insurers that conduct interstate business to make fraudulent statements and reports, to define monetary bail, criminal bail bonds, and federal immigration bail bonds as insurance products.
The House Judiciary Committee wrote in its draft report on the bill that this change would help better regulate nonprofit bail funds, which are charitable organizations that collect public donations to help post cash bail for individuals who can't afford ...