Congress Could Shrink Federal Insurance Office
Jun 6, 2018
Congressional efforts to curtail the federal government’s involvement in insurance regulation continue this week as a House panel is scheduled to consider a measure to trim the sails of the Federal Insurance Office (FIO).
Rep. Sean Duffy, R-Wisc., chairman of the House Financial Services Subcommittee on Housing and Insurance, has sponsored a bill to eliminate FIO’s role in any domestic insurance issues and confine its work to international insurance issues. The full House Financial Service Committee is slated to hear the Duffy bill (HR.3861) on Thursday, June 7.