HR 643 · 119th Congress 2025–2027

Federal Insurance Office Elimination Act

Fact sheet

Latest action · Jan 23, 2025 Referred to the House Committee on Financial Services.

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.

  1. IntroducedJan 23, 2025
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Federal Insurance Office Elimination Act

This bill eliminates the Federal Insurance Office (FIO) within the Department of the Treasury. The bill also removes the FIO director as a nonvoting member of the Financial Stability Oversight Council.

Cosponsors 26

Members who signed on, in the order they did. Signatures ran from Jan 23, 2025 to Jun 23, 2026, with 9 there on the day it was introduced.

SeatCosponsorSigned on
R-TNAndrew OglesOriginalJan 23, 2025
R-GABarry LoudermilkOriginalJan 23, 2025
R-ALBarry MooreOriginalJan 23, 2025
R-VABen ClineOriginalJan 23, 2025
R-KSDerek SchmidtOriginalJan 23, 2025
R-WIGlenn GrothmanOriginalJan 23, 2025
R-FLMike HaridopolosOriginalJan 23, 2025
R-UTMike KennedyOriginalJan 23, 2025
R-SCRalph NormanOriginalJan 23, 2025
R-KYAndy BarrJan 28, 2025
R-TXKeith SelfJan 28, 2025
R-TXRandy K. Weber, Sr.Jan 28, 2025
R-OHDavid J. TaylorJan 31, 2025
R-TXBrandon GillFeb 4, 2025
R-WVRiley M. MooreFeb 12, 2025

Actions 2

Everything that happened, newest first.

  1. Jan 23, 2025Introduced in House
  2. Jan 23, 2025Referred to the House Committee on Financial Services.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 5158Federal Insurance Office Abolishment Act of 2026Related billJul 29, 2026

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Jan 23, 2025Introduced in House

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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.