Business of Insurance Regulatory Reform Act of 2018
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Apr 18, 2018)
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.
What just happenedApr 18, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateApr 18, 2018
- Apr 18, 2018IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Apr 18, 2018IntroReferral10000
Introduced in Senate