# 119-hr-643: Federal Insurance Office Elimination Act

119-hr-643, Federal Insurance Office Elimination Act, is a 119th Congress bill sponsored by Rep. Downing, Troy [R-MT-2] (R-MT); status introduced; PRIA reads it as touching household money (as of 2026-08-20).

- Canonical: https://policyrisk.com/legislation/119-hr-643
- As of: 2026-08-20
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-643
- Congress: 119
- Title: Federal Insurance Office Elimination Act
- Status: introduced
- Introduced: 2025-01-23
- Sponsor: Rep. Downing, Troy [R-MT-2] (R-MT)
- Cosponsors: 26
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-08-20

## Summary

**Eliminates the Federal Insurance Office** in the Department of the Treasury and ends its Director post. The bill shifts FIO's statutory references and many duties to the Secretary of the Treasury and other federal regulators, especially the Board of Governors of the Federal Reserve System. - Federal regulators: Several Dodd-Frank and related statutory references are amended so the Treasury Secretary and the Federal Reserve take on roles FIO once had. This consolidates insurance-related references into existing agencies. - The Office and its Director: The FIO and the Director position are removed from Title 31 of the U.S. Code, eliminating the office as a standalone entity in statute. - Insurers, state regulators, and stakeholders: Reporting, oversight, and coordination duties that mentioned FIO are reassigned to Treasury or member agencies, changing where industry and states will direct regulatory interactions. The reallocation is done using existing authorities and without creating separate new funding streams or programs.

## Cosponsors (26)

- Rep. Cline, Ben [R-VA-6] (R-VA), 2025-01-23T00:00:00.000Z
- Rep. Haridopolos, Mike [R-FL-8] (R-FL), 2025-01-23T00:00:00.000Z
- Rep. Norman, Ralph [R-SC-5] (R-SC), 2025-01-23T00:00:00.000Z
- Rep. Ogles, Andrew [R-TN-5] (R-TN), 2025-01-23T00:00:00.000Z
- Rep. Loudermilk, Barry [R-GA-11] (R-GA), 2025-01-23T00:00:00.000Z
- Rep. Schmidt, Derek [R-KS-2] (R-KS), 2025-01-23T00:00:00.000Z
- Rep. Moore, Barry [R-AL-1] (R-AL), 2025-01-23T00:00:00.000Z
- Rep. Grothman, Glenn [R-WI-6] (R-WI), 2025-01-23T00:00:00.000Z
- Rep. Kennedy, Mike [R-UT-3] (R-UT), 2025-01-23T00:00:00.000Z
- Rep. Barr, Andy [R-KY-6] (R-KY), 2025-01-28T00:00:00.000Z
- Rep. Self, Keith [R-TX-3] (R-TX), 2025-01-28T00:00:00.000Z
- Rep. Weber, Randy K. Sr. [R-TX-14] (R-TX), 2025-01-28T00:00:00.000Z
- Rep. Taylor, David J. [R-OH-2] (R-OH), 2025-01-31T00:00:00.000Z
- Rep. Gill, Brandon [R-TX-26] (R-TX), 2025-02-04T00:00:00.000Z
- Rep. Moore, Riley M. [R-WV-2] (R-WV), 2025-02-12T00:00:00.000Z
- Rep. Davidson, Warren [R-OH-8] (R-OH), 2025-03-06T00:00:00.000Z
- Rep. Moore, Tim [R-NC-14] (R-NC), 2025-03-06T00:00:00.000Z
- Rep. Brecheen, Josh [R-OK-2] (R-OK), 2025-03-26T00:00:00.000Z
- Rep. Biggs, Sheri [R-SC-3] (R-SC), 2025-04-09T00:00:00.000Z
- Rep. Patronis, Jimmy [R-FL-1] (R-FL), 2025-05-14T00:00:00.000Z
- Rep. Tiffany, Thomas P. [R-WI-7] (R-WI), 2025-05-19T00:00:00.000Z
- Rep. Rogers, Mike D. [R-AL-3] (R-AL), 2025-05-20T00:00:00.000Z
- Rep. Messmer, Mark B. [R-IN-8] (R-IN), 2025-05-21T00:00:00.000Z
- Rep. McDowell, Addison P. [R-NC-6] (R-NC), 2025-10-06T00:00:00.000Z
- Rep. Yakym, Rudy [R-IN-2] (R-IN), 2025-10-10T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-06-23T00:00:00.000Z

## Provisions PRIA read

- Eliminate Federal Insurance Office and Duties: mixed, high. If enacted, the bill would remove the Federal Insurance Office inside the Treasury. It would end the Director of the Federal Insurance Office position. It would strike section 313 of Title 31 and delete its table entry. It would reassign many FIO references and duties to the Treasury Secretary, the…

## Related bills

- 119-hr-8800: National Defense Authorization Act for Fiscal Year 2027
- 119-hr-45: FIND Act
- 119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025
- 119-hr-404: Hearing Protection Act
- 119-hr-425: Repealing Big Brother Overreach Act
- 119-hr-7: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of 2025

## Sources
- [119-hr-643 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/643)

## Related
- [119-hr-8800: National Defense Authorization Act for Fiscal Year 2027](https://policyrisk.com/legislation/119-hr-8800)
- [119-hr-45: FIND Act](https://policyrisk.com/legislation/119-hr-45)
- [119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025](https://policyrisk.com/legislation/119-hr-38)
- [119-hr-404: Hearing Protection Act](https://policyrisk.com/legislation/119-hr-404)
- [119-hr-425: Repealing Big Brother Overreach Act](https://policyrisk.com/legislation/119-hr-425)
- [119-hr-7: No Taxpayer Funding for Abortion and Abortion Insurance Full Disclosure Act of…](https://policyrisk.com/legislation/119-hr-7)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-643 (as of 2026-08-20).