118th Congress Finance and Financial Sector
H.R. 5535: Insurance Data Protection Act
Reported
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill limits the ability of federal entities to compel insurance companies to share information.
Specifically, the bill eliminates the subpoena power of the Federal Insurance Office. Under current law, the office has the power to subpoena information from insurers to, among other purposes, identify issues that could contribute to a systemic crisis in the insurance industry or the U.S. financial system.
The bill also eliminates the ability of the Office of Financial Research to subpoena insurance companies.
Read the full summary
When seeking to collect insurance company data under specified consumer protection laws, a financial regulator must obtain the data from other regulators or from publicly available sources if possible. Otherwise, the financial regulator may only collect this data directly from the insurance company if it complies with the Paperwork Reduction Act.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Mike Flood R-NEOriginal
- Blaine Luetkemeyer R-MOOriginal
- Byron Donalds R-FL
- Barry Moore R-AL
- Mike Rogers R-AL
- Mónica De La Cruz R-TX
- Jerry Carl R-AL
- Dale Strong R-AL
- Andrew Garbarino R-NY
- Bryan Steil R-WI
- Darin LaHood R-IL
- Michael Lawler R-NY
- Harriet Hageman R-WY
- Garland Barr R-KY
- Darrell Issa R-CA
- William Timmons R-SC
- Ralph Norman R-SC
- Pete Stauber R-MN
- Glenn Grothman R-WI
- Roger Williams R-TX
- Zachary (Zach) Nunn R-IA
- Bill Huizenga R-MI
- Daniel Meuser R-PA
- John Rose R-TN
- Pete Sessions R-TX
- Barry Loudermilk R-GA
- John Moolenaar R-MI
- Erin Houchin R-IN
- Tom Emmer R-MN
- Nicholas Langworthy R-NY
Who scored on this bill
- 1Scott Fitzgerald SponsorIntroduced, reached a cosponsor milestone, marked up, reported, discharged5 events+62
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the House by Scott Fitzgerald.
Show the full action history (9 actions)
- Committee on Agriculture discharged.
- Placed on the Union Calendar, Calendar No. 787.
- Reported (Amended) by the Committee on Financial Services. H. Rept. 118-759, Part I.
- House Committee on Agriculture Granted an extension for further consideration ending not later than Dec. 19, 2024.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
- Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
- Introduced in House
- Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.