3.0.0 2702 2023-01-11T13:39:41Z 2023-01-11T13:39:41Z Senate S 2018-04-18 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2018-04-18T20:59:53Z Business of Insurance Regulatory Reform Act of 2017 115 3746 HR 2018-05-10 Placed on the Union Calendar, Calendar No. 513. Related bill CRS 2018-04-18 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2018-04-18 Introduced in Senate IntroReferral 10000 9 Library of Congress S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC N B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2018-04-18 True R000605 Sen. Rounds, Mike [R-SD] Mike Rounds R SD 2018-04-18 True M001183 Sen. Manchin, Joe, III [D-WV] Joseph Manchin D WV 2018-04-18 True E000295 Sen. Ernst, Joni [R-IA] Joni Ernst R IA 2018-04-19 False Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Consumer Financial Protection Bureau Consumer credit Insurance industry and regulation Finance and Financial Sector 00 2018-04-18 Introduced in Senate 2018-04-26T16:11:08Z Business of Insurance Regulatory Reform Act of 2018

This bill amends the Consumer Financial Protection Act of 2010 to revise the authority of the Consumer Financial Protection Bureau (CFPB) over activities regulated by a state insurance regulator. The CFPB may not enforce the Act 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 Act, the CFPB must construe its authority narrowly.

]]> Business of Insurance Regulatory Reform Act of 2018 Display Title Business of Insurance Regulatory Reform Act of 2018 Official Title as Introduced 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. Introduced in Senate IS Short Titles as Introduced Business of Insurance Regulatory Reform Act of 2018 Introduced in Senate 2018-04-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2702is/xml/BILLS-115s2702is.xml 2018-04-18 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.