# 119-hr-7130: McCarran-Ferguson Restoration Act

119-hr-7130, McCarran-Ferguson Restoration 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 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7130
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7130
- Congress: 119
- Title: McCarran-Ferguson Restoration Act
- Status: introduced
- Introduced: 2026-01-16
- Sponsor: Rep. Downing, Troy [R-MT-2] (R-MT)
- Cosponsors: 5
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**This bill would create a United States Insurance Representative in the Department of the Treasury to replace the Federal Insurance Office and centralize federal international prudential insurance policy.** It would move covered-agreement authority, preemption review, and international representation into a Treasury-led role while preserving the Secretary of the Treasury's authority over insurance matters.

## Cosponsors (5)

- Rep. Fitzgerald, Scott [R-WI-5] (R-WI), 2026-01-16T00:00:00.000Z
- Rep. Ogles, Andrew [R-TN-5] (R-TN), 2026-01-16T00:00:00.000Z
- Rep. Nehls, Troy E. [R-TX-22] (R-TX), 2026-04-23T00:00:00.000Z
- Rep. Harris, Andy [R-MD-1] (R-MD), 2026-06-29T00:00:00.000Z
- Rep. Moore, Barry [R-AL-1] (R-AL), 2026-08-31T00:00:00.000Z

## Provisions PRIA read

- Federal preemption process for state rules: mixed, high. If enacted, a State insurance measure could be overridden only if the USIR finds it treats a covered foreign insurer less favorably than a U.S. insurer and the measure is inconsistent with a covered agreement. The USIR would have to notify the State and USTR, publish a Federal Register notice, take…
- Treasury creates new insurance office: mixed, high. If enacted, the Federal Insurance Office would be removed and the Treasury would create a United States Insurance Representative (USIR). The Secretary would have to appoint the USIR within 1 year and hire staff with insurance expertise. The USIR would represent Treasury in international insurance f…
- State insurance seat on financial council: mixed, medium. If enacted, the Financial Stability Oversight Council would get a State insurance commissioner as a voting member. The President would request recommended candidates from the National Association of Insurance Commissioners; if NAIC does not respond within 15 business days the President may appoint…
- USIR powers and state limits: mixed, medium. If enacted, the USIR would have authority over prudential international insurance matters but the bill would exclude crop insurance, health insurance as coordinated with HHS, and most long-term care products. The bill would say USIR or Treasury cannot take general supervisory control over insurance…

## Related bills

- 119-hr-21: Born-Alive Abortion Survivors Protection Act
- 119-hr-987: Fair Access to Banking Act
- 119-hr-404: Hearing Protection Act
- 119-hr-1301: Death Tax Repeal Act
- 119-hr-45: FIND Act
- 119-hr-569: Birthright Citizenship Act of 2025

## Sources
- [119-hr-7130 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7130)

## Related
- [119-hr-21: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-hr-21)
- [119-hr-987: Fair Access to Banking Act](https://policyrisk.com/legislation/119-hr-987)
- [119-hr-404: Hearing Protection Act](https://policyrisk.com/legislation/119-hr-404)
- [119-hr-1301: Death Tax Repeal Act](https://policyrisk.com/legislation/119-hr-1301)
- [119-hr-45: FIND Act](https://policyrisk.com/legislation/119-hr-45)
- [119-hr-569: Birthright Citizenship Act of 2025](https://policyrisk.com/legislation/119-hr-569)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7130 (as of 2026-09-21).