H.R.3559 - Insurance Data Protection Act

To prohibit the Federal Insurance Office of the Department of the Treasury and other financial regulators from collecting data directly from an insurance company. view all titles (2)

All Bill Titles

  • Official: To prohibit the Federal Insurance Office of the Department of the Treasury and other financial regulators from collecting data directly from an insurance company. as introduced.
  • Short: Insurance Data Protection Act as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
12/05/11
 
 
 
 
 
 
 

Official Summary

Insurance Data Protection Act - Repeals the subpoena and enforcement powers of the Director of the Federal Insurance Office in the Department of the Treasury. Declares that the sharing of any nonpublicly available data with or by the Office among other federal agencies, the state insurance

Official Summary

Insurance Data Protection Act - Repeals the subpoena and enforcement powers of the Director of the Federal Insurance Office in the Department of the Treasury. Declares that the sharing of any nonpublicly available data with or by the Office among other federal agencies, the state insurance regulators and their collective agents, or other entities does not affect any federal or state confidentiality privilege arising under federal or state law to which such data or information is otherwise subject. Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to exempt an insurance company from the subpoena powers of the Director of the Office of Financial Research in the Treasury. Prescribes the treatment of data collected by financial regulators from a nonbank financial company that is an insurance company, including confidentiality procedures and agency disclosure requirements.

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