Bill · H.R. 643· House(119-HR-643)

Federal Insurance Office Elimination Act

Age: 59 years

Montana

Introduced: 1/23/2025
Last activity: 1/23/2025 — Referred to the House Committee on Financial Services.
Sponsored by: Troy Downing
Cosponsors: - 26 - 0

Finance and Financial Sector

Introduced
In Committee

What this bill would do

The "Federal Insurance Office Elimination Act" aims to eliminate the Federal Insurance Office within the Department of the Treasury. This action includes removing the position of the Director of the Federal Insurance Office. The bill amends Title 31 of the United States Code to strike the section relating to this office. It also makes several amendments to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Additionally, it modifies the Economic Growth, Regulatory Relief, and Consumer Protection Act.

Yes

No question was scored yes.

The opposite· 3 of 4

Does this give people more protection from unfair business practices?-3
The bill eliminates the Federal Insurance Office, which provides oversight and data collection for the insurance market.
Would households on low incomes be better off under this?-2
The removal of specialized insurance oversight may reduce the level of regulatory monitoring affecting insurance affordability.
Does this make what the government does easier for the public to see?-2
The bill removes an oversight office and its director from regulatory communications and procedures.