Federal regulators lose direct access to insurance-company data
S. 1544 — Insurance Data Protection Act · Filed by Katie Britt (R-AL) · 12 cosponsors · Introduced Apr 30, 2025 · Referred to committee
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What it does
This bill restricts the Federal Insurance Office (FIO) and other financial regulators from directly collecting data from insurance companies. Instead, regulators must first check whether the data already exists elsewhere—from other agencies, state regulators, or public sources—and obtain it from there if available. Only if data is genuinely unavailable elsewhere may regulators collect it directly from insurers, and only if they follow the Paperwork Reduction Act. The bill also protects insurers' confidentiality privileges when sharing data and allows state insurance regulators to access federal data through information-sharing agreements.
Why we flagged it
The bill's operative mechanism is to restrict federal regulators' direct access to insurance-company data by requiring them to exhaust alternative sources first and imposing confidentiality barriers. This functionally shields insurers from intensive federal data scrutiny while framing the restriction as a privacy and coordination measure.
What the text implies
- Reduces FIO's ability to detect emerging risks in insurance markets in real time; regulators must now rely on data already collected by state regulators or other agencies, which may be stale or incomplete.
- Confidentiality protections (§181(c)) mean that even when data is shared, it may be shielded from FOIA disclosure and inter-agency sharing, limiting transparency to Congress and the public.
- The 'information-sharing agreement' pathway (§181(c)(3)) allows state regulators to gate access to federal data, potentially fragmenting systemic-risk visibility across state lines.
- Paperwork Reduction Act compliance requirement (§181(b)(1)(B)(ii)) may slow or block collection of novel data types that don't fit existing agency reporting frameworks, further limiting federal insight.
Section numbers refer to the bill text the analysis read — linked under Primary records below.
Who it affects
Citizens benefit from reduced regulatory burden on insurers, which may lower compliance costs passed to consumers, but lose direct federal visibility into insurance-market risks and potential early warning of insurer instability. The bill prioritizes insurer privacy over federal financial-stability monitoring, creating a trade-off between consumer cost savings and systemic-risk oversight.
Who stands to gain
- insurance companies (reduced direct federal data demands and compliance burden)
- insurance industry trade associations (lower collective regulatory reporting load)
Named in the bill
Federal Insurance Office (FIO), Department of the Treasury, Financial Stability Oversight Council (FSOC), Office of Financial Research (OFR), Federal banking agencies, Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), State insurance regulators, Dodd-Frank Wall Street Reform and Consumer Protection Act
Where it stands
12 cosponsors: 12 Republicans.
- Apr 30, 2025 — Introduced · Congress.gov: “Introduced in Senate”
- Apr 30, 2025 — Referred to Senate Committee on Banking, Housing, and Urban Affairs · Congress.gov: “Read twice and referred to the Committee on Banking, Housing, and Urban Affairs”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
14 lobbying clients named this bill on 24 disclosure filings across 3 quarters, Jun 2025 to Jun 2026. Those filings disclosed $17,821,837 in lobbying spend. A filing names 32 bills on average, so that figure is what each filing reported, not a share belonging to this bill.
More lobbying clients named this bill than 94% of bills with at least one filing.
Katie Britt, the sponsor, reported $476,800 in PAC receipts in the 2026 cycle.
- American Council of Life Insurers — $4,085,837 on 3 filings
- Alzheimer's Association — $3,590,000 on 2 filings
- American Property Casualty Insurance Association — $3,540,000 on 2 filings
- Mortgage Bankers Association — $1,220,000 on 1 filing
- Reinsurance Assn of America — $1,100,000 on 3 filings
Lobbying Disclosure Act filings through Jul 23, 2026. A filing shows who paid to lobby on a bill it names, not what changed.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (5,753 characters) on May 21, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 16,222 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Jun 2025 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 23, 2026 · page rendered 2026-10-20.
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