Business of Insurance Regulatory Reform Act of 2025

AI Summary

No AI Summary Available

Click the button above to generate an AI-powered summary of this bill using Claude.

The summary will analyze the bill's key provisions, impact, and implementation details.

Latest Action

Jul 23, 2025

Referred to the House Committee on Financial Services.

Actions (3)

Referred to the House Committee on Financial Services.

Type: IntroReferral | Source: House floor actions | Code: H11100

Jul 23, 2025

Introduced in House

Type: IntroReferral | Source: Library of Congress | Code: Intro-H

Jul 23, 2025

Introduced in House

Type: IntroReferral | Source: Library of Congress | Code: 1000

Jul 23, 2025

Subjects (1)

Finance and Financial Sector (Policy Area)

Cosponsors (5)

Rep. Barr, Andy [R-KY-6]

(R-KY)
Jul 23, 2025

Rep. Fitzgerald, Scott [R-WI-5]

(R-WI)
Jul 23, 2025

Rep. Huizenga, Bill [R-MI-4]

(R-MI)
Jul 23, 2025

Rep. Meuser, Daniel [R-PA-9]

(R-PA)
Jul 23, 2025

Rep. Nunn, Zachary [R-IA-3]

(R-IA)
Jul 23, 2025

Text Versions (1)

Introduced in House

Jul 23, 2025

PDF ↗ XML ↗

Full Bill Text

Length: 2,783 characters Version: Introduced in House Version Date: Jul 23, 2025 Last Updated: Nov 15, 2025 6:13 AM

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4735 Introduced in House

(IH) ]

<DOC>

119th CONGRESS
1st Session
H. R. 4735

To amend the Consumer Financial Protection Act of 2010 to clarify the
authority of the Bureau of Consumer Financial Protection with respect
to persons regulated by a State insurance regulator, and for other
purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

July 23, 2025

Mr. Steil (for himself, Mr. Barr, Mr. Meuser, Mr. Huizenga, Mr.
Fitzgerald, and Mr. Nunn of Iowa) introduced the following bill; which
was referred to the Committee on Financial Services

_______________________________________________________________________

A BILL

To amend the Consumer Financial Protection Act of 2010 to clarify the
authority of the Bureau of Consumer Financial Protection with respect
to persons regulated by a State insurance regulator, and for other
purposes.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1.

This Act may be cited as the ``Business of Insurance Regulatory
Reform Act of 2025''.

SEC. 2.

PERSONS REGULATED BY A STATE INSURANCE REGULATOR.

Section 1027 (f) of the Consumer Financial Protection Act of 2010 (12 U.

(f) of the Consumer Financial Protection Act of 2010
(12 U.S.C. 5517

(f) ) is amended--

(1) in paragraph

(2) --
(A) by striking ``Description of activities.--
Paragraph

(1) '' and inserting: ``Exceptions.--
``
(A) Authority.--Paragraph

(1) ''; and
(B) by inserting after subparagraph
(A) (as added
by this Act) the following new subparagraph:
``
(B) Limitation.--With respect to a person
regulated by a State insurance regulator--
``
(i) and if such person is offering or
providing a consumer financial product or
service, the Bureau may not enforce this title
with respect to such person to the extent such
person is engaged in the business of insurance;
or
``
(ii) and if such person is subject to any
enumerated consumer law or any law for which
authorities are transferred under subtitle F or
H, the authority of the Bureau to enforce such
law with respect to such person shall be
narrowly construed to the extent such person is
engaged in the business of insurance.''; and

(2) by adding at the end the following new paragraph:
``

(4) Rule of construction.--The enforcement of this title
shall be broadly construed in favor of the authority of a State
insurance regulator with respect to a person regulated by a
State insurance regulator.''.
<all>

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4735 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 4735

 To amend the Consumer Financial Protection Act of 2010 to clarify the 
 authority of the Bureau of Consumer Financial Protection with respect 
 to persons regulated by a State insurance regulator, and for other 
 purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 July 23, 2025

 Mr. Steil (for himself, Mr. Barr, Mr. Meuser, Mr. Huizenga, Mr. 
Fitzgerald, and Mr. Nunn of Iowa) introduced the following bill; which 
 was referred to the Committee on Financial Services

_______________________________________________________________________

 A BILL

 To amend the Consumer Financial Protection Act of 2010 to clarify the 
 authority of the Bureau of Consumer Financial Protection with respect 
 to persons regulated by a State insurance regulator, and for other 
 purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Business of Insurance Regulatory 
Reform Act of 2025''.

SEC. 2. CLARIFICATION TO THE AUTHORITY OF THE BUREAU WITH RESPECT TO 
 PERSONS REGULATED BY A STATE INSURANCE REGULATOR.

 

Section 1027

    (f) of the Consumer Financial Protection Act of 2010 
(12 U.S.C. 5517

    (f) ) is amended--

    (1) in paragraph

    (2) --
        (A) by striking ``Description of activities.--
 Paragraph

    (1) '' and inserting: ``Exceptions.--
 ``
        (A) Authority.--Paragraph

    (1) ''; and
        (B) by inserting after subparagraph
        (A) (as added 
 by this Act) the following new subparagraph:
 ``
        (B) Limitation.--With respect to a person 
 regulated by a State insurance regulator--
 ``
            (i) and if such person is offering or 
 providing a consumer financial product or 
 service, the Bureau may not enforce this title 
 with respect to such person to the extent such 
 person is engaged in the business of insurance; 
 or
 ``
            (ii) and if such person is subject to any 
 enumerated consumer law or any law for which 
 authorities are transferred under subtitle F or 
 H, the authority of the Bureau to enforce such 
 law with respect to such person shall be 
 narrowly construed to the extent such person is 
 engaged in the business of insurance.''; and

    (2) by adding at the end the following new paragraph:
 ``

    (4) Rule of construction.--The enforcement of this title 
 shall be broadly construed in favor of the authority of a State 
 insurance regulator with respect to a person regulated by a 
 State insurance regulator.''.
 <all>

View original source ↗

119-hr4735