Pipeline · Bill → Law
Step 1
Introduced
Jan 16, 2024
Step 2
Referred
Jan 16, 2024
Banking, Housing, and Urban Affairs
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill limits the authority of the Consumer Financial Protection Bureau over entities that are regulated by a state insurance regulator. Specifically, the bureau is prohibited from pursuing enforcement against any person regulated by a state insurance regulator and offers a consumer financial product or service, to the extent that the person is engaged in the business of insurance. If a person engaged in the business of insurance is regulated by a state insurance regulator but is otherwise subject to the bureau's enforcement authority, the bureau must construe its authority narrowly.
Timeline · 2 actions
Jan 16, 2024
Introduced in Senate
Jan 16, 2024
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.