S 1694
Federal Insurance Office Abolishment Act of 2023
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- Passed Senate
- Passed House
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- Became Law
Bill overview
This bill, the Federal Insurance Office Abolishment Act of 2023, proposes to eliminate the Federal Insurance Office (FIO) within the Department of the Treasury. It also removes the FIO director from their role as a nonvoting member of the Financial Stability Oversight Council. The bill makes several amendments to related financial regulations, primarily within the Dodd-Frank and Economic Growth Acts, to reflect the FIO’s removal.
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