Federal regulators would face new limits on collecting data directly from insurance companies.
This bill would make it harder for federal financial regulators to collect data directly from insurance companies. It would remove some agencies' power to demand information and require others to first check if the data is available elsewhere. This aims to protect insurance company data and reduce direct requests.
Today, the Federal Insurance Office and the Office of Financial Research can demand data directly from insurance companies, and other federal financial regulators can generally collect data directly. If this bill became law, these offices would lose their direct subpoena powers over insurance companies. Other federal financial regulators would be required to first seek data from other agencies or public sources before collecting it directly from insurance companies, and all shared insurance data would have enhanced confidentiality protections.
HR 3437 · 119th Congress · May 15, 2025 · AI Summary by gemini-2.5-flash · 8/10
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25 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.