S 2419 · 119th Congress

Business of Insurance Regulatory Reform Act of 2025

This bill clarifies who has the power to regulate insurance companies when they offer financial products to consumers. Right now, there's confusion about whether the Consumer Financial Protection Bureau (CFPB)—a federal agency that protects consumers from unfair financial practices—can regulate insurance companies,…

Sponsor

Scott, Tim (R-South Carolina)

Introduced

2025-07-23

Policy area

Finance and Financial Sector

Latest action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.