The bill, S. 3592, aims to amend the Consumer Financial Protection Act of 2010 to clarify the role and authority of the Bureau of Consumer Financial Protection. Specifically, it outlines limitations on the Bureau's authority when dealing with individuals regulated by State...
Simple Explanation
The bill is about making sure the people who check on insurance companies in each state are the ones really in charge, not a big office in the government, especially when it comes to rules that protect people buying insurance. This means the state's rules are more important in these cases.