HR 5535 · 118th Congress 2023–2025, ended

Insurance Data Protection Act

Introduced Sep 18, 2023 Originated House Sponsor Scott Fitzgerald R-WI

Fact sheet

Latest action · Dec 19, 2024 Placed on the Union Calendar, Calendar No. 787.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedSep 18, 2023
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

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 30

Members who signed on, in the order they did. Signatures ran from Sep 18, 2023 to Oct 4, 2024, with 2 there on the day it was introduced.

SeatCosponsorSigned on
R-MOBlaine LuetkemeyerOriginalSep 18, 2023
R-NEMike FloodOriginalSep 18, 2023
R-FLByron DonaldsSep 20, 2023
R-ALBarry MooreSep 21, 2023
R-ALMike RogersSep 21, 2023
R-TXMonica De La CruzSep 26, 2023
R-ALJerry L. CarlOct 2, 2023
R-ALDale W. StrongOct 3, 2023
R-NYAndrew R. GarbarinoOct 10, 2023
R-WIBryan SteilOct 10, 2023
R-ILDarin LaHoodOct 13, 2023
R-NYMichael LawlerOct 16, 2023
R-WYHarriet M. HagemanOct 24, 2023
R-KYAndy BarrOct 25, 2023
R-CADarrell IssaOct 25, 2023
Show all 30 cosponsors

Actions 9

Everything that happened, newest first.

  1. Dec 19, 2024Committee on Agriculture discharged.
  2. Dec 19, 2024Placed on the Union Calendar, Calendar No. 787.
  3. Nov 21, 2024House Committee on Agriculture Granted an extension for further consideration ending not later than Dec. 19, 2024.
  4. Nov 21, 2024Reported (Amended) by the Committee on Financial Services. H. Rept. 118-759, Part I.
  5. Apr 17, 2024Committee Consideration and Mark-up Session Held
Show all 9 actions

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 3349Insurance Data Protection ActRelated billNov 28, 2023

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 2

Each version as it was printed, newest first.

  1. Dec 19, 2024Reported in House
  2. Sep 18, 2023Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.