H.R. 7000: Business of Insurance Regulatory Reform Act of 2024
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H.R. 7000: Business of Insurance Regulatory Reform Act of 2024
118th Congress · introduced 2024-01-16 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.
federal
Follow this bill, step by step
- Where it came from: introduced 2024-01-16 · official record
- Who proposed it: Rep. Steil, Bryan [R-WI-1] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the House Committee on Financial Services. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Business of Insurance Regulatory Reform Act of 2024
Plain summary
Business of Insurance Regulatory Reform Act of 2024 This bill limits the authority of the Consumer Financial Protection Bureau over entities that are regulated by a state insurance regulator. Specifically, the bureau is prohibited from pursuing enforcement against any person regulated by a state insurance regulator and offers a consumer financial product or service, to the extent that the person is engaged in the business of insurance. If a person engaged in the business of insurance is regulated by a state insurance regulator but is otherwise subject to the bureau's enforcement authority, the bureau must construe its authority narrowly.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
What a vote does
A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
Business of Insurance Regulatory Reform Act of 2024
Source: Congressional Research Service summary (Introduced in House)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Steil, Bryan [R-WI-1] · 4 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Scott Fitzgerald (R-WI), Daniel Meuser (R-PA), David Kustoff (R-TN), Zachary Nunn (R-IA)
Sponsor's campaign money: Rep. Steil, Bryan [R-WI-1] reported raising $6.4 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (1)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-118hr7000.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/118/hr>
Record fed-us-cong118-hr7000 · catalog fed-us-congress-bills-cong118 · updated 2026-11-15 by psicol fed-bills-cong118