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FIO Reform Bill Introduced in House

H.R. 3861, the Federal Insurance Office (FIO) Reform Act of 2017, sponsored by Housing and Insurance Subcommittee Chairman Sean Duffy (R-Wis.) and Rep. Denny Heck (D-Wash.) was introduced in the U.S. House on Sept. 28...
October 4, 2017

H.R. 3861, the Federal Insurance Office (FIO) Reform Act of 2017, sponsored by Housing and Insurance Subcommittee Chairman Sean Duffy (R-Wis.) and Rep. Denny Heck (D-Wash.) was introduced in the U.S. House on Sept. 28. The bill would limit the FIO’s role largely to international matters and provide that the FIO speak for the U.S. Treasury — but no other federal agencies — in international discussions.

“While PIA National has advocated for and continues to seek the full repeal of this office, we support this legislation, as it will begin to scale back the FIO’s authority, particularly on some domestic matters,” said PIA National vice president of government relations Jon Gentile. “Though the FIO Reform Act is a step in the right direction to rein in this nascent federal entity, the goal should remain the full elimination of the Federal Insurance Office, once and for all.”