H.R. 643House bill · 119th CongressIn committeeFinance and Financial Sector

Federal Insurance Office Elimination Act

Sponsored byTroy DowningR-MT-2Introduced Jan 23, 2025Full text on congress.gov ↗

Latest action (Jan 23, 2025) on Financial Services.

What it does

Congressional Research Service, Jan 23, 2025

This 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 introduced
100Narrow

How 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 organizations

These organizations told Congress, in their own quarterly disclosures, that they were lobbying on this bill.

  • …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 ↗
  • 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 ↗
  • …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 ↗
  • …- 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 ↗
  • …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 ↗
  • …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.

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