Federal Insurance Office Elimination Act

HR 643, the Federal Insurance Office Elimination Act, eliminates the Federal Insurance Office within the Treasury Department and removes the position of its Director. The bill updates federal law by deleting references to the office from the Dodd-Frank Act and other legislation, while clarifying that Treasury retains all existing authority over insurance matters. This change directly affects the structure of federal financial regulation by removing a specific oversight role and modifying related statutory language. The bill does not alter insurance policy or create new regulatory requirements, only removing an existing office and its associated references.