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                     118TH CONGRESS                                       REPT. 118-759
                        2d Session     HOUSE   OF  REPRESENTATIVES            Part 1







                                  INSURANCE DATA PROTECTION ACT




                                     NOVEMBER 21, 2024.-Ordered to be printed




                         Mr.  McHENRY,   from  the Committee  on  Financial Services,
                                           submitted  the following



                                              REPORT


                                                together with


                                             MINORITY VIEWS

                                             [To accompany H.R. 5535]

                               [Including cost estimate of the Congressional Budget Office]

                       The  Committee  on  Financial Services, to whom  was  referred the
                     bill (H.R. 5535) to prohibit the Federal Insurance  Office of the De-
                     partment  of the Treasury  and  other financial regulators from  col-
                     lecting data directly from an insurance company,  having  considered
                     the same,  reports favorably thereon  with  an amendment and rec-
                     ommends   that the bill as amended  do pass.

                                                  CONTENTS

                                                                                      Page
                     Purpose and Sum m ary  ............................................................................................  3
                     Background and Need for  Legislation  ....................................................................  3
                     R elated  H earings  .....................................................................................................  4
                     Com m ittee  Consideration  ........................................................................................  4
                     C om m ittee  V otes  .....................................................................................................  4
                     Com m ittee  Oversight Findings  ...............................................................................  7
                     Perform ance  Goals  and  Objectives  .........................................................................  7
                     Congressional Budget Office   Estimates  .................................................................  7
                     New Budget Authority, Entitlement Authority, and Tax Expenditures .............       8
                     Federal M andates  Statem  ent  .................................................................................  8
                     Advisory Com m ittee  Statem ent  ..............................................................................  8
                     Applicability  to  Legislative  Branch  ........................................................................  9
                     Earm ark Identification  ............................................................................................  9
                     Duplication of Federal Program s  ............................................................................  9
                     Section-by-Section  Analysis of the  Legislation  ......................................................  9
                     Changes in Existing Law Made by the Bill, as Reported ................. 9
                     M inority  V iew s  ........................................................................................................  22

                       The amendment is   as follows:
                       59-006

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