Business of Insurance Regulatory Reform Act of 2025

The Business of Insurance Regulatory Reform Act of 2025 would amend the Consumer Financial Protection Act of 2010 to limit the authority of the Bureau of Consumer Financial Protection (CFPB) over individuals or entities regulated by state insurance regulators when they are engaged in the business of insurance. Specifically, the bill prohibits the CFPB from enforcing consumer financial protection laws against such persons to the extent they are offering insurance products or services, and requires that any Bureau authority over them be narrowly construed if they are subject to other consumer laws. It also establishes a rule of construction that CFPB enforcement should be broadly interpreted in favor of state insurance regulators’ authority over insurance-regulated entities. The bill affects insurance companies, agents, and related entities under state insurance regulation, clarifying that their insurance activities are largely exempt from CFPB oversight.