US SB1586 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on May 22 2019 - 25% progression, died in committee
Action: 2019-05-22 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 22 2019 - 25% progression, died in committee
Action: 2019-05-22 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Eliminates the Federal Insurance Office (FIO) within the Department of the Treasury. The bill also removes the FIO director as a nonvoting member of the Financial Stability Oversight Council.
Title
Federal Insurance Office Abolishment Act of 2019
Sponsors
| Sen. Ted Cruz [R-TX] | Sen. Cindy Hyde-Smith [R-MS] | Sen. James Inhofe [R-OK] | Sen. Marsha Blackburn [R-TN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-05-22 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB1862 (Related) 2019-03-25 - Referred to the House Committee on Financial Services.
Subjects
Department of the Treasury
Executive agency funding and structure
Federal officials
Finance and financial sector
Financial Stability Oversight Council
Insurance industry and regulation
Executive agency funding and structure
Federal officials
Finance and financial sector
Financial Stability Oversight Council
Insurance industry and regulation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1586/all-info |
| Text | https://www.congress.gov/116/bills/s1586/BILLS-116s1586is.pdf |
