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HOUSE 5535118th CongressPlaced on the Union Calendar, Calendar No. 787.

Insurance Data Protection Act

Last Action
12/19/2024

Actions

  • 2024-12-19Placed on the Union Calendar, Calendar No. 787.
  • 2024-12-19Committee on Agriculture discharged.
  • 2024-12-19Committee on Agriculture discharged.
  • 2024-11-21House Committee on Agriculture Granted an extension for further consideration ending not later than Dec. 19, 2024.
  • 2024-11-21Reported (Amended) by the Committee on Financial Services. H. Rept. 118-759, Part I.
  • 2024-11-21Reported (Amended) by the Committee on Financial Services. H. Rept. 118-759, Part I.
  • 2024-04-17Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
  • 2024-04-17Committee Consideration and Mark-up Session Held
  • 2023-09-26Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.
  • 2023-09-18Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2023-09-18Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2023-09-18Introduced in House
  • 2023-09-18Introduced in House

CRS Summary

As of 2023-09-18 (00)

Insurance Data Protection Act

This bill limits the ability of federal entities to compel insurance companies to share information.

Specifically, the bill eliminates the subpoena power of the Federal Insurance Office. Under current law, the office has the power to subpoena information from insurers to, among other purposes, identify issues that could contribute to a systemic crisis in the insurance industry or the U.S. financial system.

The bill also eliminates the ability of the Office of Financial Research to subpoena insurance companies.

When seeking to collect insurance company data under specified consumer protection laws, a financial regulator must obtain the data from other regulators or from publicly available sources if possible. Otherwise, the financial regulator may only collect this data directly from the insurance company if it complies with the Paperwork Reduction Act.   

Cosponsors (20)

  • Mike Flood (R-NE)
  • Blaine Luetkemeyer (R-MO)
  • Byron Donalds (R-FL)
  • Barry Moore (R-AL)
  • Mike Rogers (R-AL)
  • Monica De La Cruz (R-TX)
  • Jerry Carl (R-AL)
  • Dale Strong (R-AL)
  • Bryan Steil (R-WI)
  • Andrew Garbarino (R-NY)
  • Darin LaHood (R-IL)
  • Michael Lawler (R-NY)
  • Harriet Hageman (R-WY)
  • DARRELL ISSA (R-CA)
  • Andy Barr (R-KY)
  • William Timmons (R-SC)
  • Pete Stauber (R-MN)
  • Ralph Norman (R-SC)
  • Glenn Grothman (R-WI)
  • Roger Williams (R-TX)

Subjects

  • Evidence and witnesses
  • Government information and archives
  • Insurance industry and regulation
  • Right of privacy
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.