Business of Insurance Regulatory Reform Act of 2025
Sponsored By: Representative Rep. Steil, Bryan [R-WI-1]
Introduced
Summary
Limits CFPB enforcement over entities regulated by State insurance regulators. This bill would narrow the Consumer Financial Protection Bureau's reach when firms are "engaged in the business of insurance" and require enforcement to be interpreted in favor of state insurance regulators.
Show full summary
- Families and consumers: Insurance-related consumer problems would be handled more by state insurance authorities than by the CFPB, changing where complaints and protections are decided.
- State insurance regulators: Regulators would gain deference and broader control over enforcement of consumer laws in the insurance context.
- Insurers and covered firms: Companies regulated by state insurance authorities would face narrower CFPB enforcement when acting in the business of insurance.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Limits federal consumer oversight of insurers
This bill would limit the Consumer Financial Protection Bureau (CFPB) from enforcing federal consumer finance rules against people or firms regulated by a state insurance regulator when they are doing the business of insurance. The CFPB’s power under other listed consumer laws would be read narrowly in those cases. A new rule would tell decision-makers to favor state insurance regulators’ authority for these firms. If enacted, this could shift some oversight from the federal level to state regulators and reduce federal protections for some insurance‑linked financial products.
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Sponsors & CoSponsors
Sponsor
Rep. Steil, Bryan [R-WI-1]
WI • R
Cosponsors
Barr
KY • R
Sponsored 7/23/2025
Rep. Meuser, Daniel [R-PA-9]
PA • R
Sponsored 7/23/2025
Huizenga
MI • R
Sponsored 7/23/2025
Fitzgerald
WI • R
Sponsored 7/23/2025
Rep. Nunn, Zachary [R-IA-3]
IA • R
Sponsored 7/23/2025
Rep. Williams, Roger [R-TX-25]
TX • R
Sponsored 2/9/2026
Roll Call Votes
No roll call votes available for this bill.
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