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S. 4325 116th Congress Senate

Business of Insurance Regulatory Reform Act of 2020

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: July 27, 2020 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
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Jul 27, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 27, 2020
Introduced in Senate
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 Latest action July 27, 2020

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 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 of insurance is regulated by a state insurance regulator but otherwise subject to the CFPB's enforcement authority, the CFPB must construe its authority narrowly.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 4325: Business of Insurance Regulatory Reform Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-4325/
MLA
"S. 4325: Business of Insurance Regulatory Reform Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4325/.
Bluebook (legal)
S. 4325, 116th Cong. (2026), https://openamerica.io/bill/116-S-4325/.
Markdown link
[S. 4325: Business of Insurance Regulatory Reform Act of 2020](https://openamerica.io/bill/116-S-4325/)
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