Business of Insurance Regulatory Reform Act of 2025

This legislation seeks to amend the Consumer Financial Protection Act of 2010. Its primary goal is to clarify and significantly restrict the authority of the Bureau of Consumer Financial Protection (CFPB) concerning entities that are already regulated by state insurance authorities. Specifically, the bill introduces new provisions stating that the CFPB may not enforce the Consumer Financial Protection Act against a person regulated by a state insurance regulator to the extent that person is engaged in the business of insurance . Furthermore, for such entities subject to other consumer laws, the CFPB's enforcement authority must be narrowly construed when they are involved in insurance activities. The bill also includes a rule of construction, stipulating that the enforcement of the Act should be broadly construed in favor of the authority of a State insurance regulator regarding these regulated persons, thereby emphasizing state oversight.