Bill · H.R. 4735· House(119-HR-4735)
Business of Insurance Regulatory Reform Act of 2025
- Introduced
- 7/23/2025
- Last activity
- 7/23/2025 — Referred to the House Committee on Financial Services.
- Sponsored by
- Bryan Steil
- Cosponsors
- - 6 - 0
- Introduced
- In Committee
What this bill would do
This bill, known as the "Business of Insurance Regulatory Reform Act of 2025," aims to amend the Consumer Financial Protection Act of 2010. It focuses on clarifying the authority of the Bureau of Consumer Financial Protection regarding persons who are already regulated by a State insurance regulator. The legislation seeks to place specific limitations on the Bureau's ability to enforce its title against these entities. Additionally, it establishes a rule of construction to favor the authority of State insurance regulators.
Yes· 3 of 5
Would business owners be better off under this?+5
The bill benefits those in the insurance business by limiting the Bureau's ability to enforce federal consumer laws against them.
Would high-income households be better off under this?+2
The bill reduces federal regulatory pressure on insurance-related financial services.
Would people with substantial wealth be better off under this?+2
The bill limits federal enforcement actions against regulated insurance entities.
The opposite· 3 of 4
Does this give people more protection from unfair business practices?-4
The bill limits the enforcement authority of the Bureau of Consumer Financial Protection against entities regulated by State insurance regulators.
Would households on low incomes be better off under this?-3
Reducing federal Bureau oversight may decrease consumer protections for low-income individuals relying on insurance products.
Would middle-income households be better off under this?-2
The bill limits the scope of federal consumer law enforcement for those engaged in the insurance business.
Who it would affect, and how
Potential Positive Impacts for People
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Limitation of Bureau Enforcement: Under Section 2, the Bureau may not enforce its title against a person offering or providing a consumer financial product or service if that person is regulated by a State insurance regulator and is engaged in the business of insurance. This provides a specific limitation on the Bureau's reach.
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Narrow Construction of Authority: Section 2 states that if a person is subject to any enumerated consumer law or laws where authorities are transferred under subtitle F or H, the Bureau's authority to enforce those laws shall be narrowly construed to the extent the person is engaged in the business of insurance.
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Support for State Authority: The bill adds a rule of construction in Section 2 that requires the enforcement of the title to be broadly construed in favor of the authority of a State insurance regulator regarding a person regulated by that State regulator.
Potential Negative Impacts for People
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Reduced Bureau Oversight: By limiting the Bureau's ability to enforce its title against those engaged in the business of insurance who are regulated by a State insurance regulator, the bill restricts the scope of the Bureau's enforcement power as defined in Section 2.
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Narrowed Enforcement Scope: According to Section 2, the Bureau's authority to enforce certain consumer laws or transferred authorities is required to be narrowly construed for persons engaged in the business of insurance, which limits the breadth of the Bureau's existing enforcement capabilities.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5Good For Billionaires+2Good For High Income Households+2Good For High Net Worth Individuals+2Good For Ultra High Net Worth Individuals+2Good For Low Income Households-3Good For Middle Class Households-2
- Economy And Finance
- Improves Consumer Protection-4
- Governance And Ideology
- Improves Government Transparency-1
- 2/9/2026
- 1 Cosponsor added.
- 7/23/2025
- Referred to the House Committee on Financial Services.
- 5 Cosponsors added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Andy BarrRepublican · Kentucky
Scott FitzgeraldRepublican · Wisconsin
Bill HuizengaRepublican · Michigan
Daniel MeuserRepublican · Pennsylvania
Zachary NunnRepublican · Iowa
Roger WilliamsRepublican · Texas