Federal Insurance Office Reform Act of 2018
Latest action · Nov 2, 2018 Placed on the Union Calendar, Calendar No. 789.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 28, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 21
Members who signed on, in the order they did. Signatures ran from Sep 28, 2017 to Jun 14, 2018; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-WA | Denny Heck | Original | Sep 28, 2017 |
| R-ME | Bruce Poliquin | Oct 12, 2017 | |
| R-NC | Ted Budd | Nov 30, 2017 | |
| R-NY | Claudia Tenney | Dec 4, 2017 | |
| R-PA | Keith J. Rothfus | Dec 4, 2017 | |
| R-NY | Lee M. Zeldin | Dec 6, 2017 | |
| R-TX | Roger Williams | Dec 6, 2017 | |
| R-FL | Dennis A. Ross | Mar 20, 2018 | |
| R-IL | Randy Hultgren | Mar 20, 2018 | |
| R-MN | Tom Emmer | Apr 12, 2018 | |
| R-MO | Sam Graves | Apr 18, 2018 | |
| R-MI | Tim Walberg | Apr 24, 2018 | |
| R-MI | John R. Moolenaar | Apr 27, 2018 | |
| D-TX | Henry Cuellar | May 15, 2018 | |
| R-OH | Robert E. Latta | May 15, 2018 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Sep 28, 2017Markup Jun 7, 2018Reported Nov 2, 2018 |
Actions 6
Everything that happened, newest first.
- Nov 2, 2018Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1008.
- Nov 2, 2018Placed on the Union Calendar, Calendar No. 789.
- Jun 7, 2018Committee Consideration and Mark-up Session Held.
- Jun 7, 2018Ordered to be Reported (Amended) by the Yeas and Nays: 36 - 21.
- Sep 28, 2017Introduced in House
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Extensions | Debate and remarks E826 | Brad Sherman D-CA | Jun 12, 2018 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Jun 26, 2018H.R. 3861, Federal Insurance Office Reform Act of 2017As ordered reported by the House Committee on Financial Services on June 7, 2018
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 156, September 28, 2017, page H7636.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 115-48 | THE FEDERAL GOVERNMENT'S ROLE IN THE INSURANCE INDUSTRY140 pages | Financial Services Committee | Oct 24, 2017 |
CRS reports 3
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 3
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R45508 | Selected International Insurance Issues in the 116th Congress Archived | Report | Feb 14, 2019 |
| R44820 | Selected International Insurance Issues in the 115th Congress Archived | Report | Dec 19, 2018 |
| R44958 | Insurance Regulation: Legislation in the 115th Congress Archived | Report | Oct 19, 2018 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To reform the Federal Insurance Office of the Department of the Treasury, and for other purposes.
- Short Titles as Introduced
- Federal Insurance Office Reform Act of 2017
- Short Titles as Reported to House
- Federal Insurance Office Reform Act of 2018
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Nov 2, 2018Reported in House
- Sep 28, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
