United States · Bill · HR
H.R. 7000 (118th)
Business of Insurance Regulatory Reform Act of 2024
Introduced
16 January 2024
Last action
—
Status
Referred to the House Committee on Financial Services.
Sponsors
—
Subjects
Discovery layer
Source updated
10 September 2024
Summary
Business of Insurance Regulatory Reform Act of 2024 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.
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 16 January 2024
Introduced in House (PDF)
Introduced in House · EN · 16 January 2024
Introduced in House
summary · EN · 16 January 2024
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/118th-congress/house-bill/7000
- Open data entity: https://api.congress.gov/v3/bill/118/hr/7000