H.R. 10184

Consumer Financial Protection Accountability and Reform Act of 2026

Sponsor: Andy Barr

30 cosponsors
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I Reforming Bureau Governance

II Restoring Legal Clarity and Procedural Fairness

Sec. 205. Clarification to the authority of the Bureau with respect to persons regulated by a State insurance regulator

Section 1027(f) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5517(f)) is amended—

(1) in paragraph (2)—

(A) by striking Description of activities.—Paragraph (1) and inserting:

Text this section adds to the law

Exceptions.—

(A) Authority. Paragraph (1)

; and

(B) by inserting after subparagraph (A) (as added by this Act) the following new subparagraph:

Text this section adds to the law

(B) Limitation. With respect to a person regulated by a State insurance regulator—

(i) if such person is offering or providing a consumer financial product or service, the Bureau may not enforce this title with respect to such person to the extent such person is engaged in the business of insurance; and

(ii) if such person is subject to any enumerated consumer law or any law for which authorities are transferred under subtitle F or H, the authority of the Bureau to enforce such law with respect to such person shall be narrowly construed to the extent such person is engaged in the business of insurance.

; and

(2) by adding at the end the following new paragraph:

Text this section adds to the law

(4) Rule of construction. The enforcement of this title shall be broadly construed in favor of the authority of a State insurance regulator with respect to a person regulated by a State insurance regulator.

III Promoting Innovation in Consumer Financial Markets

IV Promoting Effective, Predictable Supervision

V Preventing Regulation by Enforcement