US Congress Senate Bill 2702 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on April 18 2018 - 25% progression, died in committee
Action: 2018-04-18 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

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.

Business of Insurance Regulatory Reform Act of 2018

Sen. Tim Scott [R-SC]	Sen. Tammy Baldwin [D-WI]	Sen. Mike Rounds [R-SD]	Sen. Joe Manchin [D-WV]
Sen. Joni Ernst [R-IA]

Date	Chamber	Action
2018-04-18	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB3746 (Related) 2018-05-10 - Placed on the Union Calendar, Calendar No. 513.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/2702/all-info
Text	https://www.congress.gov/115/bills/s2702/BILLS-115s2702is.pdf