To abolish the Federal Insurance Office of the Department of the Treasury, and for other purposes.
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 abolish 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 id51E6773A564F4D87B86C4462111154F9: 1. Short title This Act may be cited as the Federal Insurance Office Abolishment Act of 2023.
- Section H44B35C3213E6486898753326A10D99F7: 2. Abolishment of Federal Insurance Office The Federal Insurance Office of the Department of the Treasury, and the position of the Director of the Federal...
- Section H5CDAE3F1D3A2447691F9C027FF699ADA: 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 abolish 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 abolish 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
Whole bill
Identified Gains
Contextual inference, no direct clause citation- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- federal implementing agencies
- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Sponsors
Ted Cruz
R-TX | Primary Sponsor
Legislative Progress
IntroducedMr. Cruz (for himself and Mr. Braun) introduced the following …
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "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