What does Preamble of Federal Insurance Office Elimination Act do?

This bill, formally titled 'To eliminate the Federal Insurance Office of the Department of the Treasury, and for other purposes,' aims to eliminate the Federal Insurance Office within the Department of the Treasury.

What does SHORT TITLE. of Federal Insurance Office Elimination Act do?

This bill is formally titled the Federal Insurance Office Elimination Act.

What does ELIMINATION OF FEDERAL INSURANCE OFFICE. of Federal Insurance Office Elimination Act do?

This section eliminates the Federal Insurance Office (FIO) within the Department of the Treasury. The position of the Director of the Federal Insurance Office is also eliminated. Section 313 of Title 31, United States Code, is repealed. The table of sections for subchapter I of chapter 3 in Title 31 is amended to remove the item relating to section 313. The Secretary of the Treasury's existing authority regarding insurance matters is not affected by this section.

What does RELATED AMENDMENTS. of Federal Insurance Office Elimination Act do?

This section amends the Dodd-Frank Wall Street Reform and Consumer Protection Act. Amendments are made to sections 111, 112, 165, and 203 of the Dodd-Frank Act. The Federal Insurance Office is removed or replaced in several instances within the Dodd-Frank Act's provisions. The Economic Growth, Regulatory Relief, and Consumer Protection Act is also amended. Section 211(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act removes references to the Director of the Federal Insurance Office.

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Federal Insurance Office Elimination Act

Last updated: 1/23/2025 · Introduced: 1/23/2025

Author: Troy Downing (R-MT)

TL;DR (AI)

This bill eliminates the Federal Insurance Office (FIO) within the Department of the Treasury and its Director position.
The bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act to remove or replace references to the Federal Insurance Office.
Existing authority of the Secretary of the Treasury regarding insurance matters remains unchanged.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

4 sections

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