Bill > HR4735

This bill, known as the "Business of Insurance Regulatory Reform Act of 2025," amends the Consumer Financial Protection Act of 2010 to clarify and limit the Bureau of Consumer Financial Protection's (CFPB) authority over entities regulated by state insurance regulators. Specifically, the bill restricts the CFPB's enforcement powers for persons engaged in the business of insurance, even if they are offering consumer financial products or services. Under the new provisions, if an insurance-regulated entity is providing financial products, the CFPB cannot enforce the title of the law related to those activities when the entity is operating within its insurance business. Additionally, the bill adds a rule of construction that broadly favors state insurance regulators' authority over entities they regulate. This means that when interpreting the law, the CFPB's enforcement powers should be narrowly construed to avoid interfering with state-level insurance regulation. The bill aims to provide more clarity and protection for insurance-related businesses by establishing clearer boundaries for federal regulatory oversight.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/4735/all-info