Veteran Service Recognition Act of 2025

House Bill

H.R. 5535

119th Congress

Veteran Service Recognition Act of 2025

In Committee

Introduced:Sep 19, 2025

Primary Sponsor

Frederica S. Wilson

Representative

Democratic

FL-24

Cosponsors

30

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill would limit the ability of federal agencies like the Federal Insurance Office and the Office of Financial Research to collect information from insurance companies. It would make it harder for these agencies to access data they need to monitor the insurance industry and identify potential financial risks.

Latest Action

Placed on the Union Calendar, Calendar No. 787.

SponsorFrederica S. Wilson (D-FL)

Introduced9/19/2025

StatusReferred to the Committee on the Judiciary, and in addition to the Committees on Veterans' Affairs,

ChamberHouse

Data from Congress.gov

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Vote Prediction

Veteran Service Recognition Act of 2025

This bill would limit the ability of federal agencies like the Federal Insurance Office and the Office of Financial Research to collect information from insurance companies. It would make it harder for these agencies to access data they need to monitor the ins

Community Breakdown

Pass

0%

Fail

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0 predictions

This bill would limit the ability of federal agencies like the Federal Insurance Office and the Office of Financial Research to collect information from insurance companies. It would make it harder for these agencies to access data they need to monitor the insurance industry and identify potential financial risks.

Bill Number: 5535
Sponsor: Frederica S. Wilson (D-FL)
Introduced: 9/19/2025
Status: Referred to the Committee on the Judiciary, and in addition to the Committees on Veterans' Affairs,
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Veteran Service Recognition Act of 2025
Bill Number: 5535
Sponsor: Frederica S. Wilson (D-FL)
Status: Referred to the Committee on the Judiciary, and in addition to the Committees on Veterans' Affairs,
Introduced: 9/19/2025
Summary: This bill would limit the ability of federal agencies like the Federal Insurance Office and the Office of Financial Research to collect information from insurance companies. It would make it harder for these agencies to access data they need to monitor the insurance industry and identify potential f

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would limit the ability of federal agencies like the Federal Insurance Office and the Office of Financial Research to collect information from insurance companies. It would make it harder for these agencies to access data they need to monitor the insurance industry and identify potential financial risks.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Insurance Data Protection ActThis bill limits the ability of federal entities to compel insurance companies to share information.Specifically, the bill eliminates the subpoena power of the Federal Insurance Office. Under current law, the office has the power to subpoena information from insurers to, among other purposes, identify issues that could contribute to a systemic crisis in the insurance industry or the U.S. financial system.The bill also eliminates the ability of the Office of Financial Research to subpoena insurance companies.When seeking to collect insurance company data under specified consumer protection laws, a financial regulator must obtain the data from other regulators or from publicly available sources if possible. Otherwise, the financial regulator may only collect this data directly from the insurance company if it complies with the Paperwork Reduction Act.

Key Points

Main provisions of the bill

Eliminates the subpoena power of the Federal Insurance Office to collect information from insurers
Eliminates the ability of the Office of Financial Research to subpoena insurance companies for data
Requires financial regulators to obtain insurance data from other sources or comply with the Paperwork Reduction Act before collecting it directly from companies

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily impact federal financial regulators, who would have reduced access to data about the insurance industry. This could make it harder for them to identify and address potential financial risks or systemic issues. Insurance companies would benefit from less federal oversight and data collection, but consumers may have less protection if regulators have a harder time monitoring the industry.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Related Subjects

Evidence and witnesses

Government information and archives

Insurance industry and regulation

Right of privacy

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

5535, 119th Congress (2025). "Veteran Service Recognition Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-5535

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