S. 1544 · Where this bill is now
In committee
Introduced in the Senate, Apr 30, 2025
What this bill does
In plain words · AI-written from the official summaryLimits federal power to demand insurance data
The bill removes the authority of two federal offices—the Federal Insurance Office and the Office of Financial Research—to force insurance companies to hand over information. Right now, these offices can subpoena data to watch for problems that might harm the insurance industry or the overall financial system. The bill also adds new rules: when other federal regulators need insurance company data for consumer protection reasons, they must first try to get it from other regulators or from public sources before asking the insurance company directly, and if they do ask the company, they have to follow the Paperwork Reduction Act.
How it affects you
Insurance companies would face fewer demands from federal agencies to share their information with the government. For most people, the practical effects aren't spelled out in the official summary—it mainly changes how federal agencies interact with insurers behind the scenes.
Read the official summary (Introduced in Senate, Apr 30, 2025)
Insurance Data Protection Act
This bill limits the ability of federal entities to compel insurance companies to share information.
Specifically, the bill eliminates the subpoena power of the Federal Insurance Office. Under current law, the office has the power to subpoena information from insurers to, among other purposes, identify issues that could contribute to a systemic crisis in the insurance industry or the U.S. financial system.
The bill also eliminates the ability of the Office of Financial Research to subpoena insurance companies.
When seeking to collect insurance company data under specified consumer protection laws, a financial regulator must obtain the data from other regulators or from publicly available sources if possible. Otherwise, the financial regulator may only collect this data directly from the insurance company if the regulator complies with the Paperwork Reduction Act.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionS. 1544
A BILL
Insurance Data Protection Act
Sponsor: Sen. Katie Boyd Britt (R-AL) · Introduced Apr 30, 2025 · Finance and Financial Sector · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Apr 30, 2025: “Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”