Federal Insurance Office Elimination Act

Summary

Official

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.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(1/23/25)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Downing

House (R) Montana – 2

Cosponsors (23)

Grothman

House (R) Wisconsin

Ogles

House (R) Tennessee

Brecheen

House (R) Oklahoma

Davidson

House (R) Ohio

Norman

House (R) South Carolina

Barr

House (R) Kentucky

Loudermilk

House (R) Georgia

Schmidt

House (R) Kansas

Kennedy

House (R) Utah

Biggs

House (R) South Carolina

Latest Action

Referred to the House Committee on Financial Services.

Jan 23, 2025

View Bill on Congress.gov