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Bill115th CongressFiled Sep 12, 2017Finance and Financial Sector
H.R. 3746

Business of Insurance Regulatory Reform Act of 2017

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to house without amendment (May 10, 2018)

Business of Insurance Regulatory Reform Act of 2017

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 happenedMay 10, 2018

Placed on the Union Calendar, Calendar No. 513.

Who’s behind it

Rep. Duffy, Sean P. [R-WI-7](R-WI)Sponsor
4 cosponsors2 D2 R
Read on Congress.gov
4cosponsors1committees9actions1related bills5subjects
  1. May 10, 2018CalendarsH12410

    Placed on the Union Calendar, Calendar No. 513.

  2. May 10, 2018CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 115-668.

    Financial Services Committee
  3. May 10, 2018Committee5000

    Reported by the Committee on Financial Services. H. Rept. 115-668.

    Financial Services Committee
  4. Jan 18, 2018Committee

    Ordered to be Reported by the Yeas and Nays: 37 - 18.

    Financial Services Committee
  5. Jan 18, 2018Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. Jan 17, 2018Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  7. Sep 12, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  8. Sep 12, 2017IntroReferralIntro-H

    Introduced in House

  9. Sep 12, 2017IntroReferral1000

    Introduced in House

Reported to House without amendmentMay 10, 201879

Business of Insurance Regulatory Reform Act of 2017

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.

Introduced in HouseSep 12, 2017

Business of Insurance Regulatory Reform Act of 2017

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 2017 — Informed