summary
Introduced
09/18/2023
09/18/2023
In Committee
04/17/2024
04/17/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To prohibit the Federal Insurance Office of the Department of the Treasury and other financial regulators from collecting data directly from an insurance company.
AI Summary
This bill, the Insurance Data Protection Act, prohibits the Federal Insurance Office of the Department of the Treasury and other financial regulators from directly collecting data from insurance companies. The bill requires financial regulators to first coordinate with relevant federal agencies and state insurance regulators to determine if the desired information is already available from those sources before collecting data directly from insurance companies. The bill also establishes confidentiality requirements for any data collected from insurance companies, including retaining any existing privilege or confidentiality agreements. Additionally, the bill limits the subpoena authority of the Office of Financial Research regarding insurance companies.
Committee Categories
Business and Industry
Sponsors (31)
Scott Fitzgerald (R)*,
Andy Barr (R),
Jerry Carl (R),
Monica De La Cruz (R),
Byron Donalds (R),
Tom Emmer (R),
Mike Flood (R),
Andrew Garbarino (R),
Glenn Grothman (R),
Harriet Hageman (R),
Erin Houchin (R),
Bill Huizenga (R),
Darrell Issa (R),
Darin LaHood (R),
Nick Langworthy (R),
Mike Lawler (R),
Barry Loudermilk (R),
Blaine Luetkemeyer (R),
Dan Meuser (R),
John Moolenaar (R),
Barry Moore (R),
Ralph Norman (R),
Zach Nunn (R),
Mike Rogers (R),
John Rose (R),
Pete Sessions (R),
Pete Stauber (R),
Bryan Steil (R),
Dale Strong (R),
William Timmons (R),
Roger Williams (R),
Last Action
Placed on the Union Calendar, Calendar No. 787. (on 12/19/2024)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Banking System and Financial Institution Regulation and Reform
- ‐ Insurance Regulation
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/5535/all-info | 09/19/2023 |
| BillText | https://www.congress.gov/118/bills/hr5535/BILLS-118hr5535rh.pdf | 12/30/2024 |
| BillText | https://www.congress.gov/118/bills/hr5535/BILLS-118hr5535ih.pdf | 09/21/2023 |
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