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S 1544119th CongressIntroduced
Insurance Data Protection Act
Introduced: Oct 29, 2025
Economy & TaxesFinancial ServicesTechnology & Innovation
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Insurance Data Protection Act restricts federal financial regulators' ability to directly collect data from insurance companies, enhances confidentiality protections, and mandates coordination with state regulators to avoid redundant data requests.
Key Points
- 1Repeals subpoena authority of the Federal Insurance Office to collect data directly from insurers
- 2Requires financial regulators to coordinate with state and federal agencies before collecting data
- 3Mandates confidentiality for nonpublic data shared with regulators and clarifies privilege retention
Impact Areas
Insurance companiesFederal financial regulators (e.g., Office of Financial Research)State insurance regulatorsInteragency data-sharing processes
Generated by legislative-analysis-v3 on Nov 10, 2025