Federal Insurance Office Elimination Act
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.
- IntroducedJan 23, 2025
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- 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; 9 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TN | Andrew Ogles | Original | Jan 23, 2025 |
| R-GA | Barry Loudermilk | Original | Jan 23, 2025 |
| R-AL | Barry Moore | Original | Jan 23, 2025 |
| R-VA | Ben Cline | Original | Jan 23, 2025 |
| R-KS | Derek Schmidt | Original | Jan 23, 2025 |
| R-WI | Glenn Grothman | Original | Jan 23, 2025 |
| R-FL | Mike Haridopolos | Original | Jan 23, 2025 |
| R-UT | Mike Kennedy | Original | Jan 23, 2025 |
| R-SC | Ralph Norman | Original | Jan 23, 2025 |
| R-KY | Andy Barr | Jan 28, 2025 | |
| R-TX | Keith Self | Jan 28, 2025 | |
| R-TX | Randy K. Weber, Sr. | Jan 28, 2025 | |
| R-OH | David J. Taylor | Jan 31, 2025 | |
| R-TX | Brandon Gill | Feb 4, 2025 | |
| R-WV | Riley M. Moore | Feb 12, 2025 | |
| R-NC | Tim Moore | Mar 6, 2025 | |
| R-OH | Warren Davidson | Mar 6, 2025 | |
| R-OK | Josh Brecheen | Mar 26, 2025 | |
| R-SC | Sheri Biggs | Apr 9, 2025 | |
| R-FL | Jimmy Patronis | May 14, 2025 | |
| R-WI | Thomas P. Tiffany | May 19, 2025 | |
| R-AL | Mike Rogers | May 20, 2025 | |
| R-IN | Mark B. Messmer | May 21, 2025 | |
| R-NC | Addison P. McDowell | Oct 6, 2025 | |
| R-IN | Rudy Yakym III | Oct 10, 2025 | |
| R-NY | Michael Lawler | Jun 23, 2026 |
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 Jan 23, 2025 |
Actions 2
Everything that happened, newest first.
- Jan 23, 2025Introduced in House
- Jan 23, 2025Referred to the House Committee on Financial Services.
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.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 171, no. 14, January 23, 2025, page H387.
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. 119-30 | MEMBER DAY173 pages | Financial Services Committee | Jun 24, 2025 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 5158 | Federal Insurance Office Abolishment Act of 2026 | Related bill | Jul 29, 2026 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To eliminate the Federal Insurance Office of the Department of the Treasury, and for other purposes.
- Short Title(s) as Introduced
- Federal Insurance Office Elimination Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Jan 23, 2025Introduced 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.
