HR 643referred119th Congress

Federal Insurance Office Elimination Act

Introduced Jan 23, 2025House billPolicy area: Finance and Financial SectorLast action Jan 23, 2025Sponsor: Troy Downing(R-MT)

financeFinance and Financial Sector

Financial Services Committee

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Official summaryUpdated Jan 23, 2025

What the bill does

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.

Latest official action

Referred to the House Committee on Financial Services.

Lobbying Filings Citing It

$13.2M

Reported on Those Filings, All Issues

Lobbying Clients

Recorded Votes

Timeline

Jan 23, 2025bill

Bill introduced

Apr 15, 2025lobbying

Lobbying filed by PRINCIPAL FINANCIAL GROUP

Apr 21, 2025lobbying

Lobbying filed by AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION

Jul 18, 2025lobbying

Lobbying filed by THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY

Jul 21, 2025lobbying

Lobbying filed by AMERICAN COUNCIL OF LIFE INSURERS

Jul 21, 2025lobbying

Official Congressional Actions

Jan 23, 2025IntroReferral

Referred to the House Committee on Financial Services.

Financial Services Committee

View official action

Jan 23, 2025IntroReferral

Introduced in House

View official action

Jan 23, 2025IntroReferral

Introduced in House

View official action

Lobbying Activity

Registrant	Client	Amount	Filed	Period	Issues
AMERICAN COUNCIL OF LIFE INSURERS	AMERICAN COUNCIL OF LIFE INSURERS	$2.2M	Jul 21, 2025	2025Q2	CSPFININS
AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION FKA PROPERTY CASUALTY INSURERS ASSOC. OF AMERICA	AMERICAN PROPERTY CASUALTY INSURANCE ASSOCIATION	$1.7M	Jul 21, 2025	2025Q2	TORMMMAUT

About this page

The lobbying table lists Senate LDA quarterly reports (LD-2) that cite this bill by number and cover a quarter of the 119th Congress. An LD-2 names a bill as “H.R. 1234” with no Congress, so a report on another Congress, which can only concern a different bill with the same number, is left out, even when it was filed after this Congress began. The amount is what the registrant reported for the whole filing, across every issue on it, not spending on this bill. Official actions and the bill summary come from Congress.gov, and votes from the roll-call record. This page no longer pairs the bill with members' stock trades: matching lobbying clients to traded companies by name, and trades to a bill by date, is not something the records establish.