S 1694 United States Senate · 118th Congress

Federal Insurance Office Abolishment Act of 2023

This bill abolishes the Federal Insurance Office (FIO) within the Treasury Department and eliminates the position of its Director. It removes all references to the FIO from key laws like the Dodd-Frank Act and the Economic Growth Act, replacing them with references to the Treasury Secretary or other entities. The bill explicitly states this does not limit the Treasury Secretary's existing authority over insurance matters. The primary direct effect is on the Treasury Department and the FIO's staff, as the office is eliminated.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2023
Committee Review
Floor Vote
President
Introduced May 18, 2023 Last action May 18, 2023
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Total actions
2
Key actions
0
Committee
1
May 18, 2023
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
May 18, 2023
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors

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