House Bill 3861
115th Congress(2017-2018)
Federal Insurance Office Reform Act of 2018
Introduced
Introduced in House on Sep 28, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3861
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
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.
11/02/2018
Placed on the Union Calendar, Calendar No. 789.
11/02/2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1008.
06/07/2018
Ordered to be Reported (Amended) by the Yeas and Nays: 36 - 21.
06/07/2018
Committee Consideration and Mark-up Session Held.
09/28/2017
Referred to the House Committee on Financial Services.
09/28/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:38:39 PM