The Business of Insurance Regulatory Reform Act of 2025 limits the federal Consumer Financial Protection Bureau's (CFPB) authority over insurance companies and insurance-related businesses. The bill clarifies that when people or companies regulated by state insurance regulators are conducting insurance business, the CFPB cannot enforce its rules against them, and any authority the CFPB does have over such entities must be interpreted narrowly. Instead, the legislation gives state insurance regulators broader authority to oversee these entities. The bill essentially shifts regulatory power away from the federal CFPB toward state-level insurance regulators, affecting how insurance companies are supervised when they offer financial products or services. There is no specific funding or implementation timeline mentioned in the legislation.
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