To reform the Federal Insurance Office of the Department of the Treasury, and for other purposes.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 36 - 21.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1008.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-1008.
Placed on the Union Calendar, Calendar No. 789.
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