S.4325: Business of Insurance Regulatory Reform Act of 2020

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Business of Insurance Regulatory Reform Act of 2020 This bill revises the authority of the Consumer Financial Protection Bureau (CFPB) over activities regulated by a state insurance regulator. The CFPB may not pursue enforcement against any person regulated by a state insurance regulator and offering a consumer financial product or service, to the extent that person is engaged in the business of insurance. If a person engaged in the business...

(Source: Library of Congress)

Bill Actions

Date Description
July 27, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
July 27, 2020

Introduced in the Senate by Tim Scott (R-S.C.)

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