H.R.3861 - Federal Insurance Office Reform Act of 2018115th Congress (2017-2018)
|Sponsor:||Rep. Duffy, Sean P. [R-WI-7] (Introduced 09/28/2017)|
|Committees:||House - Financial Services|
|Committee Reports:||H. Rept. 115-1008|
|Latest Action:||House - 11/02/2018 Placed on the Union Calendar, Calendar No. 789. (All Actions)|
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Summary: H.R.3861 — 115th Congress (2017-2018)All Information (Except Text)
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.