United States 117th Congress Status: In Committee 1 R cosponsors

HR 4866 — Federal Insurance Office Elimination Act

Last action — Referred to the House Committee on Financial Services.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 117th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

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.

Bill Text

How this bill changes current law

7 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill eliminates the Federal Insurance Office and makes related amendments throughout several sections of the Dodd-Frank Act.

  • 12 U.S.C. 5321

    the Director of the Federal Insurance Office → the Secretary of the Treasury

    Replaces references to the Director of the Federal Insurance Office with the Secretary of the Treasury.

  • 12 U.S.C. 5322

    member agencies, other Federal and State financial regulatory agencies, the Federal Insurance Office → member agencies and other Federal and State financial regulatory agencies

    Removes any reference to the Federal Insurance Office from the list of member agencies.

  • 12 U.S.C. 5322

    the Office of Financial Research, member agencies, and the Federal Insurance Office → the Office of Financial Research and member agencies

    Eliminates the Federal Insurance Office from the reporting requirements.

  • 12 U.S.C. 5322

    , any member agency, and the Federal Insurance Office, → and any member agency

    Removes references to the Federal Insurance Office from the reporting provisions.

  • 12 U.S.C. 5365

    and the Federal Insurance Office → and the Secretary of the Treasury

    Substitutes the Secretary of the Treasury for the Federal Insurance Office in prudential standards discussions.

  • 12 U.S.C. 5365

    and the Federal Insurance Office → and the Secretary of the Treasury

    Removes the Federal Insurance Office from the context of applying certain financial regulations.

  • 12 U.S.C. 5383

    the Director of the Federal Insurance Office and

    Completely removes the Director of the Federal Insurance Office from specific decision-making processes.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Financial Services.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance
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Frequently asked questions

What does HR 4866 do?
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.
Who sponsors HR 4866?
HR 4866 is sponsored by Cline, Ben (Republican).
What is the current status of HR 4866?
This bill died with 117th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 4866?
Track HR 4866 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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