HR643-119

Introduced

To eliminate the Federal Insurance Office of the Department of the Treasury, and for other purposes.

119th Congress Introduced Jan 23, 2025

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To eliminate the Federal Insurance Office of the Department of the Treasury, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Defense.

Who Benefits and How

financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H5978AA3F8231483FB68AB68C1177F46C: 1. Short title This Act may be cited as the Federal Insurance Office Elimination Act.
  • Section H97CFDB4AD6C54D51ABD97372FBB44216: 2. Elimination of Federal Insurance Office The Federal Insurance Office of the Department of the Treasury, and the position of the Director of the Federal...
  • Section H19EC28735A4A4DAA82E59BA1AD07C2A9: 3. Related amendments The Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 et seq.) is amended— in section 111(b)(2) (12 U.S.C....

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.

At a Glance

What This Bill Does

This bill, To eliminate the Federal Insurance Office of the Department of the Treasury, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Government Operations, Defense

Primary Purpose

This bill, To eliminate the Federal Insurance Office of the Department of the Treasury, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Government Operations Defense

Whole bill

Identified Gains
Contextual inference, no direct clause citation
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih

Contextual inference, no direct clause citation

Identified Costs
Contextual inference, no direct clause citation
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih

Contextual inference, no direct clause citation

Legislative Progress

Introduced
Introduced Committee Passed
Jan 23, 2025

Mr. Downing (for himself, Mr. Cline, Mr. Haridopolos, Mr. Norman, …

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Government Operations Defense
Actor Mappings
"secretary_of_treasury"
→ Secretary of the Treasury

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology