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S 2702 115th Congress Senate Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Consumer Financial Protection Bureau Consumer credit Insurance industry and regulation

Business of Insurance Regulatory Reform Act of 2018

Introduced: April 18, 2018 Introduced by: Scott, Tim Republican · South Carolina See on congress.gov
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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
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 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.

What's happening now April 18, 2018

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

 Related & companion bills 1
  • HR 3746 Related bill 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/)
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