United States · Bill · S
S. 4325 (116th)
Business of Insurance Regulatory Reform Act of 2020
Introduced
27 July 2020
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
—
Subjects
Discovery layer
Source updated
14 January 2025
Summary
Business of Insurance Regulatory Reform Act of 2020 This bill revises the authority of the Consumer Financial Protection Bureau (CFPB) over activities regulated by a state insurance regulator. The CFPB may not pursue enforcement against any person regulated by a state insurance regulator and offering a consumer financial product or service, to the extent that 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 otherwise subject to the CFPB's enforcement authority, the CFPB must construe its authority narrowly.
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 27 July 2020
Introduced in Senate (PDF)
Introduced in Senate · EN · 27 July 2020
Introduced in Senate
summary · EN · 27 July 2020
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/4325
- Open data entity: https://api.congress.gov/v3/bill/116/s/4325