Insurance Data Protection Act
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.
- IntroducedSep 18, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- 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; 2 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MO | Blaine Luetkemeyer | Original | Sep 18, 2023 |
| R-NE | Mike Flood | Original | Sep 18, 2023 |
| R-FL | Byron Donalds | Sep 20, 2023 | |
| R-AL | Barry Moore | Sep 21, 2023 | |
| R-AL | Mike Rogers | Sep 21, 2023 | |
| R-TX | Monica De La Cruz | Sep 26, 2023 | |
| R-AL | Jerry L. Carl | Oct 2, 2023 | |
| R-AL | Dale W. Strong | Oct 3, 2023 | |
| R-NY | Andrew R. Garbarino | Oct 10, 2023 | |
| R-WI | Bryan Steil | Oct 10, 2023 | |
| R-IL | Darin LaHood | Oct 13, 2023 | |
| R-NY | Michael Lawler | Oct 16, 2023 | |
| R-WY | Harriet M. Hageman | Oct 24, 2023 | |
| R-KY | Andy Barr | Oct 25, 2023 | |
| R-CA | Darrell Issa | Oct 25, 2023 | |
| R-SC | William R. Timmons IV | Oct 26, 2023 | |
| R-MN | Pete Stauber | Nov 3, 2023 | |
| R-SC | Ralph Norman | Nov 3, 2023 | |
| R-WI | Glenn Grothman | Nov 28, 2023 | |
| R-TX | Roger Williams | Dec 4, 2023 | |
| R-IA | Zachary Nunn | Dec 7, 2023 | |
| R-MI | Bill Huizenga | Feb 26, 2024 | |
| R-PA | Daniel Meuser | Feb 28, 2024 | |
| R-TN | John W. Rose | Apr 15, 2024 | |
| R-TX | Pete Sessions | Apr 16, 2024 | |
| R-GA | Barry Loudermilk | Apr 19, 2024 | |
| R-MI | John R. Moolenaar | Jun 7, 2024 | |
| R-IN | Erin Houchin | Aug 9, 2024 | |
| R-MN | Tom Emmer | Aug 16, 2024 | |
| R-NY | Nicholas A. Langworthy | Oct 4, 2024 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Sep 18, 2023Markup Apr 17, 2024Reported Nov 21, 2024 |
| House | Agriculture Committee | Referred Sep 18, 2023 Nov 21, 2024Discharged Dec 19, 2024 |
| Commodity Markets, Digital Assets, and Rural Development Subcommittee | Referred Sep 26, 2023 |
Actions 9
Everything that happened, newest first.
- Dec 19, 2024Committee on Agriculture discharged.
- Dec 19, 2024Placed on the Union Calendar, Calendar No. 787.
- Nov 21, 2024Reported (Amended) by the Committee on Financial Services. H. Rept. 118-759, Part I.
- Nov 21, 2024House Committee on Agriculture Granted an extension for further consideration ending not later than Dec. 19, 2024.
- Apr 17, 2024Committee Consideration and Mark-up Session Held
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Jun 27, 2024H.R. 5535, Insurance Data Protection ActAs ordered reported by the House Committee on Financial Services on April 17, 2024
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 169, no. 150, September 18, 2023, page H4381.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 118-53 | THE FACTORS INFLUENCING THE HIGH COST OF INSURANCE FOR CONSUMERS270 pages | Financial Services Committee | Nov 2, 2023 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3349 | Insurance Data Protection Act | Related bill | Jan 25, 2024 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To prohibit the Federal Insurance Office of the Department of the Treasury and other financial regulators from collecting data directly from an insurance company.
- Short Title(s) as Introduced
- Insurance Data Protection Act
- Short Title(s) as Reported to House
- Insurance Data Protection Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Dec 19, 2024Reported in House
- Sep 18, 2023Introduced in House
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
