Federal Insurance Office Elimination Act
Latest action (Jan 23, 2025) — on Financial Services.
What it does
Congressional Research Service, Jan 23, 2025This 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.
Face Value
as introducedHow much of this bill its name accounts for.
- Every bill starts at100
- Nothing counted against it: one area of law, and short enough that length doesn't register.
Face Value measures reach, not honesty. A big bill can be accurately named, and a low score is not an accusation — it means the contents reach further than any short title could describe. Count it yourself ↗ How this is worked out
Who lobbied on this
7 organizationsThese organizations told Congress, in their own quarterly disclosures, that they were lobbying on this bill.
- American Council of Life Insurersno position stated
“…The bill would promote and protect from discrimination living organ donors. Issue: underwriting. H.R. 643 - Federal Insurance Office Elimination Act. To eliminate the Federal Insurance Office of the Department of the Treasury. Issue: FIO Reform.…” filing ↗
- American Family Mutual Insurance Company, S.i.no position stated
“H.R.643 - To eliminate the Federal Insurance Office of the Department of the Treasury, and for other purposes. (Troy Downing, R-MT-2) H.R.654 - To…” filing ↗
- American Property Casualty Insurance Associationno position stated
“…for Damages from Wildfire H.R. 1164 Insurance Claims During Disasters H.R. 1593 Disaster Insurance S. 824 The National Flood Insurance Program H.R. 643 Federal Insurance Office Elimination H.R. 2822 National Flood Insurance Program H.R. 3161 Flood Insurance H.R. 3437 Insurer Data Collection…” filing ↗
- National Association of Mutual Insurance Companiesno position stated
“…- To require the Government Accountability Office to conduct a study regarding insurance coverage for damages from wildfires, and for other purposes. H.R.643 - To eliminate the Federal Insurance Office of the Department of the Treasury, and for other purposes. H.R.827 - To ensure the availability…” filing ↗
- Pacific Life Insurance Companyno position stated
“…Issue: Business of Insurance.) H.R. 643 FIO Elimination Act (This bill eliminates the Federal Insurance Office (FIO) within the Department of the Treasury. The bill also removes the…” filing ↗
- Prudential Financial, Inc.no position stated
“Capital Markets efficiency 403B parity (HR 1013/S 424) E-delivery: Improving Disclosure for Investors Act (HR 2441) FIO Elimination Act (HR 643) FSOC Improvement Act (HR 3682)” filing ↗
- State Farm Mutual Automobile Insurance Companyno position stated
“…Issues relating to reauthorization of the National Flood Insurance Program. Issues relating to the future of the Federal Insurance Office's (e.g., H.R. 643) with an emphasis on eliminating or constraining undue regulatory burdens (H.R. 3437 Insurance Data Protection Act). Issues relating to…” filing ↗
Most filings say only that an organization lobbied on a bill, not which side it took — where that's the case we say so rather than guessing. Quotes are verbatim from the filing. How this is built.
Discussion
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