I 
116TH CONGRESS 
1ST SESSION H. R. 1862 
To abolish the Federal Insurance Office of the Department of the Treasury, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 25, 2019 
Mr. MOONEY of West Virginia (for himself, Mr. BUDD, Mr. BIGGS, Mr. 
GAETZ, Mr. MEADOWS, Mrs. LESKO, Mr. BANKS, Mr. WILLIAMS, Mr. 
NORMAN, Mr. DUNCAN, and Mr. WALKER) introduced the following bill; 
which was referred to the Committee on Financial Services 
A BILL 
To abolish the Federal Insurance Office of the Department 
of the Treasury, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Federal Insurance Of-
fice Abolishment Act of 2019’’. 
SEC. 2. ABOLISHMENT OF FEDERAL INSURANCE OFFICE. 
(a) IN GENERAL.—The Federal Insurance Office of 
the Department of the Treasury, and the position of the 
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Director of the Federal Insurance Office, are hereby abol-
ished. 
(b) AMENDMENT.—Title 31, United States Code, is 
amended— 
(1) by striking section 313; and 
(2) in the table of sections for subchapter I of 
chapter 3, by striking the item relating to section 
313. 
(c) TREASURY AUTHORITY.—This section, and the 
amendment made by this section, may not be construed 
to repeal or otherwise limit any authority of the Secretary 
of the Treasury with respect to matters relating to insur-
ance. 
SEC. 3. RELATED AMENDMENTS. 
(a) DODD-FRANK WALL STREET REFORM AND CON-
SUMER PROTECTION ACT AMENDMENTS.—The Dodd- 
Frank Wall Street Reform and Consumer Protection Act 
is amended— 
(1) 
in 
section 
111(b)(2) 
(12 
U.S.C. 
5321(b)(2))— 
(A) by striking subparagraph (B); and 
(B) by redesignating subparagraphs (C), 
(D), and (E) as subparagraphs (B), (C), and 
(D), respectively; 
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(2) 
in 
section 
112(d)(2) 
(12 
U.S.C. 
5322(d)(2)), by striking ‘‘any member agency, and 
the Federal Insurance Office,’’ and inserting ‘‘and 
any member agency’’; 
(3) in section 165(i) (12 U.S.C. 5365(i))— 
(A) in paragraph (1)(A), by striking ‘‘and 
the Federal Insurance Office’’ and inserting 
‘‘and the Secretary of the Treasury’’; and 
(B) in paragraph (2)(C), by striking ‘‘and 
the Federal Insurance Office’’ and inserting 
‘‘and the Secretary of the Treasury’’; and 
(4) 
in 
section 
203(a)(1)(C)(12 
U.S.C. 
5383(a)(1)(C)), by striking ‘‘the Director of the 
Federal Insurance Office and’’ and inserting ‘‘the 
Secretary of the Treasury and’’. 
(b) ECONOMIC GROWTH, REGULATORY RELIEF, AND 
CONSUMER PROTECTION ACT AMENDMENTS.—Section 
211(a) of the Economic Growth, Regulatory Relief, and 
Consumer Protection Act (31 U.S.C. 313 note) is amend-
ed— 
(1) in paragraph (1), by striking ‘‘the Secretary 
of the Treasury, Board of Governors of the Federal 
Reserve System, and Director of the Federal Insur-
ance Office’’ and inserting the following: ‘‘the Sec-
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retary of the Treasury and Board of Governors of 
the Federal Reserve System’’; and 
(2) in paragraph (2), by striking ‘‘the Secretary 
of the Treasury, the Board of Governors of the Fed-
eral Reserve System, and the Director of the Fed-
eral Insurance Office’’ each place it occurs and in-
serting the following: ‘‘the Secretary of the Treasury 
and the Board of Governors of the Federal Reserve 
System’’. 
Æ 
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