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H.R. 3861

Federal Insurance Office Reform Act of 2018

Federal Insurance Office Reform Act of 2017

This bill amends the Federal Insurance Office Act of 2010 to modify the Department of the Treasury's Federal Insurance Office (FIO).

FIO is moved to Treasury's Office of International Affairs.

FIO's function of advising Treasury on domestic insurance issues is eliminated.

The bill removes FIO from the Financial Stability Oversight Council.

FIO's subpoena and enforcement powers regarding information gathering are terminated.

The number of personnel employed by FIO is limited to five.

Placed on the Union Calendar, Calendar No. 789.

Rep. Duffy, Sean P. [R-WI-7](R-WI)Sponsor
21 cosponsors2 D19 R
21cosponsors1committees8actions5subjects
  1. CalendarsH12410

    Placed on the Union Calendar, Calendar No. 789.

  2. CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1008.

    Financial Services Committee
  3. Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1008.

    Financial Services Committee
  4. Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 36 - 21.

    Financial Services Committee
  5. Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  6. IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  7. IntroReferralIntro-H

    Introduced in House

  8. IntroReferral1000

    Introduced in House

Federal Insurance Office Reform Act of 2018 — Informed