118th Congress Finance and Financial Sector
H.R. 7000: Business of Insurance Regulatory Reform Act of 2024
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill limits the authority of the Consumer Financial Protection Bureau over entities that are regulated by a state insurance regulator. Specifically, the bureau is prohibited from pursuing enforcement against any person regulated by a state insurance regulator and offers a consumer financial product or service, to the extent that the person is engaged in the business of insurance. If a person engaged in the business of insurance is regulated by a state insurance regulator but is otherwise subject to the bureau's enforcement authority, the bureau must construe its authority narrowly.
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
- Scott Fitzgerald R-WI
- Daniel Meuser R-PA
- David Kustoff R-TN
- Zachary (Zach) Nunn R-IA
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Other bills by Bryan Steil
History
- Introduced in the House by Bryan Steil.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.