Bill · S. 1544· Senate(119-S-1544)
Insurance Data Protection Act
- Introduced
- 4/30/2025
- Last activity
- 4/30/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Katie Britt
- Cosponsors
- - 12 - 0
- Introduced
- In Committee
What this bill would do
The Insurance Data Protection Act aims to stop the Federal Insurance Office and other financial regulators from collecting data directly from insurance companies. It removes certain subpoena and enforcement powers and limits the ability of the Office of Financial Research to issue subpoenas to insurance companies. Under this bill, financial regulators must first check if the needed information is available from other agencies or public sources before asking an insurance company. If they must collect data from a company, they must follow the Paperwork Reduction Act. The bill also includes rules to protect the confidentiality and privilege of nonpublic data.
Yes· 3 of 4
Would business owners be better off under this?+7
Reduces the regulatory burden and direct data collection requirements for insurance company owners.
Does this protect people from being watched or searched?+6
Enhances protections for nonpublic data and ensures legal privileges are not waived during regulatory sharing.
Does this give people more control over their personal data?+5
The bill establishes strict confidentiality and privilege protections for nonpublic data collected from insurance companies.
The opposite
Does this give the federal government more power?-5
The bill significantly reduces the subpoena and enforcement powers of federal financial regulators.
Does this make what the government does easier for the public to see?-3
Limiting the ability of regulators to collect and analyze data may decrease overall transparency into the insurance sector.
Does this give people more protection from unfair business practices?-2
Reducing the oversight and data collection power of financial regulators may limit the ability to detect systemic risks that affect consumers.
Who it would affect, and how
Potential Positive Impacts for People
-
Protection of Private Information: The bill ensures that sharing nonpublic data with a financial regulator does not waive any legal privileges under Federal or State law, which helps protect sensitive information (Section 5(c)(1)).
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Maintaining Privacy Agreements: It requires that existing privacy or confidentiality agreements between the original source of data and the provider continue to apply even after the data is given to a financial regulator (Section 5(c)(2)).
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Reduced Regulatory Burden: By requiring regulators to first seek data from other agencies or public sources before contacting companies, it limits unnecessary direct data collection (Section 5(b)(1)(A)).
Potential Negative Impacts for People
- Limited Oversight Power: The bill removes subpoena and enforcement authority from the Federal Insurance Office (Section 2) and limits the Office of Financial Research from issuing subpoenas to insurance companies (Section 4), which may restrict the ability of regulators to gather information.
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+7
- Education And Technology
- Improves Data Privacy+5
- Economy And Finance
- Improves Consumer Protection-2
- Governance And Ideology
- Improves Privacy Rights+6Increase States Rights+4Increases Federal Power-5Improves Government Transparency-3
- 6/9/2026
- 1 Cosponsor added.
- 5/13/2025
- 1 Cosponsor added.
- 4/30/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 10 Cosponsors added.
- Introduced in Senate
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.
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Bill HagertyRepublican · Tennessee
John KennedyRepublican · Louisiana
Cynthia LummisRepublican · Wyoming
Bernie MorenoRepublican · Ohio
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