Skip to main content
S. 2702 115th Congress Senate

Business of Insurance Regulatory Reform Act of 2018

Official title: A bill to amend the Consumer Financial Protection Act of 2010 to clarify the authority of the Bureau of Consumer Financial Protection with respect to persons r… Show full official titleShow less

Official title: A bill to amend the Consumer Financial Protection Act of 2010 to clarify the authority of the Bureau of Consumer Financial Protection with respect to persons regulated by a State insurance regulator, and for other purposes.

Introduced: April 18, 2018 Introduced by: Tim Scott Republican · South Carolina See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBanking and financial institutions regulationConsumer Financial Protection BureauConsumer creditInsurance industry and regulation
Sign in to write a letter Sign in to watch
This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 18, 2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 18, 2018
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action April 18, 2018

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

 Plain-English summary Congressional Research Service

Business of Insurance Regulatory Reform Act of 2018

This bill amends the Consumer Financial Protection Act of 2010 to revise the authority of the Consumer Financial Protection Bureau (CFPB) over activities regulated by a state insurance regulator. The CFPB may not enforce the Act 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 of insurance is regulated by a state insurance regulator but otherwise subject to the Act, the CFPB must construe its authority narrowly.

 Related & companion bills 1
  • HR 3746 Business of Insurance Regulatory Reform Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2
R
Ernst, Joni
Iowa · Apr 19, 2018
 D
Baldwin, Tammy
Wisconsin · Apr 18, 2018
 R
Rounds, Mike
South Dakota · Apr 18, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2702: Business of Insurance Regulatory Reform Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-S-2702/
MLA
"S. 2702: Business of Insurance Regulatory Reform Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-2702/.
Bluebook (legal)
S. 2702, 115th Cong. (2026), https://openamerica.io/bill/115-S-2702/.
Markdown link
[S. 2702: Business of Insurance Regulatory Reform Act of 2018](https://openamerica.io/bill/115-S-2702/)
Report a problem