,,ib  ,union ,calendar ,no4 #eac  #aaeth
 ,,congress  #b;d ,session  ,h4 ,r4     
#cgdf  ,report ,no4 #aae-ffh  ,,in ,,the
 ,,house ,,of ,,representatives         
,september #ab1 #bjag ,mr4 ,duffy 7for  
himself and ,ms4 ,moore7 introduced the 
following bill2 which was referred to   
the ,committee on ,financial ,services  
,may #aj1 #bjah;,additional sponsors3   
,mrs4 ,wagner1 ,mr4 ,perlmutter1 and    
,mr4 ,messer  ,may #aj1 #bjah ,committed
 to the ,committee of the ,whole ,house 
on the ,state of the ,union and ordered 
to be printed  ,a ,,bill  ,to amend the 
,consumer ,financial ,protection ,act of
 #bjaj to clarify the authority of the  
,bureau of ,consumer ,financial         
,protection with respect to persons     
regulated by a ,state insurance         
regulator1 and for other purposes4  #a4 
,short title ,this ,act may be cited as 
the ,business of ,insurance ,regulatory 
,reform ,act of #bjag4  #b4             
,clarification to the authority of the  
,bureau with respect to persons         

regulated by a ,state insurance         
regulator ,section #ajbg7;f7 of the     
,consumer ,financial ,protection ,act of
 #bjaj 7#ab ,u4,s4,c4 #eeag7;f77 is     
amended--  7#a7 in paragraph 7#b7-- 7,a7
 by striking ,description of            
activities4--,paragraph 7#a7 and        
inserting  ,exceptions4-- 7,a7          
,authority ,paragraph 7#a7  2 and  7,b7 
by inserting after subparagraph 7,a7 7as
 added by this ,act7 the following new  
subparagraph3  7,b7 ,limitation ,with   
respect to a person regulated by a      
,state insurance regulator-- 7i7 and if 
such person is offering or providing a  
consumer financial product or service1  
the ,bureau may not enforce this title  
with respect to such person to the      
extent such person is engaged in the    
business of insurance2 or  7ii7 and if  
such person is subject to any enumerated
 consumer law or any law for which      
authorities are transferred under       
subtitle ,f or ,h1 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 insurance4  2
 and  7#b7 by adding at the end the     
following new paragraph3  7#d7 ,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  
regulator4  4  ,may #aj1                
#bjah;,committed to the ,committee of   
the ,whole ,house on the ,state of the  
,union and ordered to be printed