arrow_back Back to App

Limiting Federal Authority Over State-Regulated Insurance Businesses

This act limits the federal Consumer Financial Protection Bureau's authority over insurance companies already regulated by state authorities. This means that for insurance-related matters, primary oversight will remain with state regulators, potentially affecting how consumer complaints and disputes regarding insurance policies are handled.
Key points
Strengthening the role of state insurance regulators in overseeing insurance companies.
Limiting the federal Consumer Financial Protection Bureau's intervention in insurance business matters.
Potential shift in how consumer insurance issues are addressed, with a greater emphasis on state regulations.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2419
Sponsor: Sen. Scott, Tim [R-SC]
Process start date: 2025-07-23
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Business of Insurance Regulatory Reform Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2419.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-23.

What are the main provisions?

Key points include:

  • Strengthening the role of state insurance regulators in overseeing insurance companies.
  • Limiting the federal Consumer Financial Protection Bureau's intervention in insurance business matters.
  • Potential shift in how consumer insurance issues are addressed, with a greater emphasis on state regulations.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Scott, Tim [R-SC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Courts and Law Economy