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S 524 117th Congress Senate Finance and Financial Sector Department of the Treasury Executive agency funding and structure Federal officials Financial Stability Oversight Council Insurance industry and regulation

Federal Insurance Office Abolishment Act of 2021

Introduced: March 2, 2021 Introduced by: Cruz, Ted Republican · Texas See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 2, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Federal Insurance Office Abolishment Act of 2021

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.

What's happening now March 2, 2021

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 1
  • HR 4866 Related bill Federal Insurance Office Elimination Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Paul, Rand
Kentucky · May 18, 2021
 R
Lummis, Cynthia M.
Wyoming · Mar 2, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 524: Federal Insurance Office Abolishment Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-524/
MLA
"S. 524: Federal Insurance Office Abolishment Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-524/.
Bluebook (legal)
S. 524, 117th Cong. (2026), https://openamerica.io/bill/117-S-524/.
Markdown link
[S. 524: Federal Insurance Office Abolishment Act of 2021](https://openamerica.io/bill/117-S-524/)
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