Federal Insurance Office Abolishment Act of 2026

This bill would abolish the Federal Insurance Office within the Department of the Treasury and eliminate the position of its Director. It would remove the federal law section that created the office. It states that the Secretary of the Treasury would keep any existing authority over insurance matters. It would also update other financial laws, including the Dodd-Frank Act, to remove references to the office, such as the Director's non-voting seat on the Financial Stability Oversight Council, and in some places would assign the office's roles to the Secretary of the Treasury.

Full text and official record on Congress.gov

Sponsors

• Ted Cruz Republican sponsor
• 3 cosponsors