House Bill 3746
115th Congress(2017-2018)
Business of Insurance Regulatory Reform Act of 2017
Introduced
Introduced in House on Sep 12, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3746
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
Business of Insurance Regulatory Reform Act of 2017
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.
05/10/2018
Placed on the Union Calendar, Calendar No. 513.
05/10/2018
Reported by the Committee on Financial Services. H. Rept. 115-668.
01/18/2018
Ordered to be Reported by the Yeas and Nays: 37 - 18.
01/18/2018
Committee Consideration and Mark-up Session Held.
01/17/2018
Committee Consideration and Mark-up Session Held.
09/12/2017
Referred to the House Committee on Financial Services.
09/12/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:38:43 PM