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US HR4483

US HR4483
Federal Insurance Office Abolishment Act of 2017


summary

Introduced
11/29/2017
In Committee
11/29/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Federal Insurance Office Abolishment Act of 2017 This bill eliminates the Federal Insurance Office (FIO) within the Department of the Treasury. The bill also amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to remove the FIO director as a nonvoting member of the Financial Stability Oversight Council.

AI Summary

This bill eliminates the Federal Insurance Office (FIO) within the Department of the Treasury and removes the FIO director as a nonvoting member of the Financial Stability Oversight Council, which was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The bill amends the relevant sections of the United States Code and the Dodd-Frank Act to remove references to the FIO and its director, but specifies that it does not repeal or limit the authority of the Secretary of the Treasury with respect to insurance-related matters.

Committee Categories

Business and Industry

Sponsors (9)

Last Action

Referred to the House Committee on Financial Services. (on 11/29/2017)

bill text


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