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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
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
Sponsors
Role
Legislator
Party
State
District
P
Ted Cruz
RRepublican
Co
Mike Braun
RRepublican
Co
Mike Lee
RRepublican
Co
Ted Budd
RRepublican
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