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Business of Insurance Regulatory Reform Act of 2025
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.
Summary
This bill amends the Consumer Financial Protection Act to limit the authority of the Consumer Financial Protection Bureau (CFPB) over persons regulated by state insurance regulators. The CFPB would not be able to enforce consumer financial protection rules with respect to insurance-regulated entities when they are engaged in the business of insurance. The bill prioritizes state insurance regulators' authority and narrows the CFPB's enforcement powers in the insurance sector.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Steil, Bryan [R-WI-1] (R-WI)
6 cosponsors
- Rep. Barr, Andy [R-KY-6] (R-KY)
- Rep. Fitzgerald, Scott [R-WI-5] (R-WI)
- Rep. Huizenga, Bill [R-MI-4] (R-MI)
- Rep. Meuser, Daniel [R-PA-9] (R-PA)
- Rep. Nunn, Zachary [R-IA-3] (R-IA)
- Rep. Williams, Roger [R-TX-25] (R-TX)
Actions (2)
- Jul 23, 2025 Referred to the House Committee on Financial Services. · house
- Jul 23, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
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>
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