HR 3861 · 115th Congress · Finance and Financial Sector

Federal Insurance Office Reform Act of 2018

Introduced 2017-09-28· Sponsored by Rep. Duffy, Sean P. [R-WI-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 789.(2018-11-02)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 3861, Federal Insurance Office Reform Act of 2017

Jun 26, 2018

As ordered reported by the House Committee on Financial Services on June 7, 2018

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (20)

2 Democrats18 Republicans
Rep. Heck, Denny [D-WA-10]WA
Rep. Poliquin, Bruce [R-ME-2]ME
Rep. Budd, Ted [R-NC-13]NC
Rep. Tenney, Claudia [R-NY-22]NY
Rep. Rothfus, Keith J. [R-PA-12]PA
Rep. Zeldin, Lee M. [R-NY-1]NY
Rep. Williams, Roger [R-TX-25]TX
Rep. Hultgren, Randy [R-IL-14]IL
Rep. Ross, Dennis A. [R-FL-15]FL
Rep. Emmer, Tom [R-MN-6]MN
Rep. Graves, Sam [R-MO-6]MO
Rep. Walberg, Tim [R-MI-7]MI
Rep. Moolenaar, John R. [R-MI-4]MI
Rep. Cuellar, Henry [D-TX-28]TX
Rep. Latta, Robert E. [R-OH-5]OH
Rep. Renacci, James B. [R-OH-16]OH
Rep. Young, David [R-IA-3]IA
Rep. Barletta, Lou [R-PA-11]PA
Rep. Smucker, Lloyd [R-PA-16]PA
Rep. Noem, Kristi L. [R-SD-At Large]SD