H.R. 643 Introduced Finance and Financial Sector

Federal Insurance Office Elimination Act

To eliminate the Federal Insurance Office of the Department of the Treasury, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Downing, Troy [R-MT-2] Introduced January 23, 2025 Cosponsors 26 (26 R) Latest action January 23, 2025

Summary

Federal Insurance Office Elimination Act
This bill eliminates the Federal Insurance Office (FIO) within the Department of the Treasury. The bill also removes the FIO director as a nonvoting member of the Financial Stability Oversight Council.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jan 23, 2025 Referred to the House Committee on Financial Services.
  2. Jan 23, 2025 Introduced in House

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