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US HB4735
Bill
Status
7/23/2025
Primary Sponsor
Bryan Steil
Click for details
AI Summary
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Amends the Consumer Financial Protection Act of 2010 to prohibit the Consumer Financial Protection Bureau (CFPB) from enforcing consumer financial protection laws against persons regulated by state insurance regulators when those persons are engaged in the business of insurance
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Requires CFPB authority over enumerated consumer laws to be "narrowly construed" when applied to state-regulated insurance entities engaged in insurance business activities
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Establishes a rule of construction that enforcement of the Consumer Financial Protection Act shall be "broadly construed" in favor of state insurance regulator authority over persons they regulate
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Introduced July 23, 2025 by Rep. Steil with five Republican cosponsors and referred to the House Committee on Financial Services
Legislative Description
Business of Insurance Regulatory Reform Act of 2025
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
7/23/2025