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SENATE 524117th CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Federal Insurance Office Abolishment Act of 2021

Last Action
3/2/2021

Actions

  • 2021-03-02Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2021-03-02Introduced in Senate

CRS Summary

As of 2021-03-02 (00)

Federal Insurance Office Abolishment Act of 2021

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.

Cosponsors (4)

  • Jim Inhofe (R-OK)
  • Mike Braun (R-IN)
  • Cynthia Lummis (R-WY)
  • Rand Paul (R-KY)

Subjects

  • Department of the Treasury
  • Executive agency funding and structure
  • Federal officials
  • Financial Stability Oversight Council
  • Insurance industry and regulation
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.