Federal Insurance Office Elimination Act

HR 2933, the Federal Insurance Office Elimination Act, removes the Federal Insurance Office (FIO) and its director position from the Department of the Treasury. The bill updates references to the FIO in the Dodd-Frank Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act to instead reference the Treasury Secretary or other entities, without altering the Treasury Secretary’s existing insurance authority. This change streamlines federal insurance oversight by eliminating a dedicated office while maintaining the Treasury’s role in insurance policy matters.