Summary: H.R.3861 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.3861. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/28/2017)

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.