H.R. 4735

Summary

H.R. 4735, the Business of Insurance Regulatory Reform Act of 2025, was introduced in the House on Jul 23, 2025 by Rep. Bryan Steil (R) with 6 co-sponsors. It was referred to Financial Services, and last saw action on Jul 23, 2025: Referred to the House Committee on Financial Services.

Record

Text

H.R. 4735 has 6 co-sponsors.

119 HR 4735 IH: Business of Insurance Regulatory Reform Act of 2025
 U.S. House of Representatives
 2025-07-23
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 4735  IN THE HOUSE OF REPRESENTATIVES   July 23, 2025   Mr. Steil  (for himself,  Mr. Barr ,  Mr. Meuser ,  Mr. Huizenga ,  Mr. Fitzgerald , and  Mr. Nunn of Iowa ) introduced the following bill; which was referred to the  Committee on Financial Services    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.
1.
Short title
This Act may be cited as the   Business of Insurance Regulatory Reform Act of 2025  .
2.
Clarification to the authority of the Bureau with respect to persons regulated by a State insurance regulator
Section 1027(f) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5517(f) ) is amended—
(1)
in paragraph (2)—
(A)
by striking
Description of activities.— Paragraph (1)  and inserting:
Exceptions.—
(A)
Authority
Paragraph (1)
 ; and
(B)
by inserting after subparagraph (A) (as added by this Act) the following new subparagraph:
(B)
Limitation
With respect to a person regulated by a State insurance regulator—
(i)
and if such person is offering or providing a consumer financial product or service, the Bureau may not enforce this title with respect to such person to the extent such person is engaged in the business of insurance; or
(ii)
and if such person is subject to any enumerated consumer law or any law for which authorities are transferred under subtitle F or H, the authority of the Bureau to enforce such law with respect to such person shall be narrowly construed to the extent such person is engaged in the business of insurance.
 ; and
(2)
by adding at the end the following new paragraph:
(4)
Rule of construction
The enforcement of this title shall be broadly construed in favor of the authority of a State insurance regulator with respect to a person regulated by a State insurance regulator.
 .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

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.

Sponsors

Rep. Bryan Steil (R) sponsors H.R. 4735, and 6 members have co-sponsored it, 5 of them from the day it was introduced.

Bryan Steil

Rep. · R–WI-1 · Sponsor

Introduced Jul 23, 2025

Garland Barr

Rep. · R–KY-6 · Co-sponsor

Joined Jul 23, 2025 · Original

Scott Fitzgerald

Rep. · R–WI-5 · Co-sponsor

Joined Jul 23, 2025 · Original

Bill Huizenga

Rep. · R–MI-4 · Co-sponsor

Joined Jul 23, 2025 · Original

Dan Meuser

Rep. · R–PA-9 · Co-sponsor

Joined Jul 23, 2025 · Original

Zachary Nunn

Rep. · R–IA-3 · Co-sponsor

Joined Jul 23, 2025 · Original

Roger Williams

Rep. · R–TX-25 · Co-sponsor

Joined Feb 9, 2026

Show 7 of 7 rows

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Committees

H.R. 4735 went before 1 committee: Financial Services.

Financial Services

Financial Services

Referred To · Jul 23, 2025 · 559 Bills

Actions

H.R. 4735 has taken 2 actions since Jul 23, 2025.

Votes

H.R. 4735 has not gone to a roll call.

Titles

H.R. 4735 goes by 3 titles, 1 of them short titles.

• Business of Insurance Regulatory Reform Act of 2025 — Display Title
• 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. — Official Title as Introduced
• Business of Insurance Regulatory Reform Act of 2025 — Short Title(s) as Introduced

Lobbying

6 clients hired 6 firms and 37 registered lobbyists who named H.R. 4735 in 25 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Insurance, Taxation/Internal Revenue Code, Financial Institutions/Investments/Securities, Consumer Issues/Safety/Products, Trade (domestic/foreign), Retirement, Agriculture, Banking.

Clients

Who paid to be heard, by how many filings named the bill.

Firms

Registrants who filed on the bill, by filings.

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 37.

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

Classification

The Congressional Research Service files H.R. 4735 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 4735’s is Finance and Financial Sector.

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 4735, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 126 (Wednesday, July 23, 2025)][House][Pages H3649-H3650]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. STEIL:H.R. 4735.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution:``To regulate commerce with[[Page H3650]]foreign nations and among the several states, and with theIndian tribes . . .''

Source: congress.gov · legiscan.com