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You are here: Home / News / U.S. House Financial Services Committee Advances Bill to Limit Federal Insurance Office Ability to Subpeona Insurers Directly

U.S. House Financial Services Committee Advances Bill to Limit Federal Insurance Office Ability to Subpeona Insurers Directly

April 19, 2024 By CollisionWeek Editor

On April 17, the U.S. House Financial Services Committee, led by Chairman Patrick McHenry (NC-10), reported 13 pieces of legislation out of Committee to the full House for consideration. Included among the measures is a slate of Congressional Review Act (CRA) resolutions to nullify what it says are a series of regulatory oversteps on the part of Biden Administration.

Among the bills reported out of the committee was H.R. 5535, the “Insurance Data Protection Act,” offered by Rep. Scott Fitzgerald (WI-05) that eliminates the ability of the Federal Insurance Office (FIO) and the Office of Financial Research (OFR) to subpoena

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Filed Under: News Tagged With: Federal Insurance Office, legislation, National Association of Mutual Insurance Companies, U.S. House of Representatives

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