The Insurance Data Protection Act: A Bill to Protect Insurance Company Data

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The Insurance Data Protection Act: A Bill to Protect Insurance Company Data

The Insurance Data Protection Act (HR 3437 IH) is a bill introduced in the US House of Representatives on May 15, 2025. The bill aims to protect insurance company data from being collected directly by federal agencies and other financial regulators.

Section 1: Short Title

This Act may be cited as the “Insurance Data Protection Act”.

Section 2: Repeal of Subpoena and Enforcement Authority

Section 313(e) of title 31, United States Code, is amended by striking paragraph (6).

Section 3: Confidentiality by Federal Insurance Office

<p Section 313(e)(5) of title 31, United States Code, is amended—

(1) in subparagraph (A), by inserting after ‘‘Office’’ the following: ‘‘, or the sharing of any nonpublicly available data and information with or by the Office among any other Federal agency, any State insurance regulator (or any agent of such a regulator), or any other entity,’’;
(2) in subparagraph (C)(ii), by inserting ‘‘any privilege described in subparagraph (A) or’’ after ‘‘including’’; and
(3) in subparagraph (D), by inserting ‘‘includ-ing the exceptions under that section,’’ after ‘‘United States Code,’’.

Section 4: Limitation on Subpoenas by the Office of Financial Research

<p Section 153(f)(1) of the Financial Stability Act of 2010 (12 U.S.C. 5343(f)(1)) is amended, in the matter preceding subparagraph (A), by inserting after ‘‘financial company’’ the following: ‘‘(other than an insurance company, as defined in section 201(a))’’.

Section 5: Confidentiality by Financial Regulators

(a) IN GENERAL.—The Financial Stability Act of 2010 (12 U.S.C. 5311 et seq.) is amended by adding at the end the following:
‘‘Subtitle D—Treatment of Data Collected From Insurance Companies
Sec. 181. Treatment of data collected from insurance companies by financial regulators.’’

Techical Amendment

The table of contents in section 1(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111–203) is amended by inserting after the item relating to section 176 the following:
‘‘Subtitle D—Treatment of Data Collected From Insurance Companies
Sec. 181. Treatment of data collected from insurance companies by financial regulators.’’