This legislation will eliminate the Federal Insurance Office (FIO)
Eliminate the Federal Insurance Office.
Occurrences
Evidence
Downing's official House homepage shows his latest May 2026 items are unrelated legislation on the Fort Peck rural water system, the Dry-Redwater rural water system, and the PARTNERS Act; there is no visible Federal Insurance Office elimination action on the page.
Treasury says the Dodd-Frank Act established the Federal Insurance Office within Treasury and that FIO is still authorized to monitor the insurance industry, advise the Secretary, represent the United States in international insurance matters, and serve on the Financial Stability Oversight Council.
The September 2025 FIO annual report says it was submitted by the Federal Insurance Office pursuant to Dodd-Frank and details FIO activities and oversight work, showing the office was active and continuing to report to Congress-linked recipients.
Assessments
Eliminating the Federal Insurance Office would require federal statutory or equivalent government action. The available evidence shows the office was still operating during Downing's current House term: Treasury's September 2025 annual report was submitted by FIO, and Treasury's FIO page still describes it as an active office with ongoing statutory duties. The provided record also does not show Downing sponsoring, advancing, or otherwise materially pushing a measure to abolish FIO; his visible House activity in the lookback window is on unrelated issues. Because Downing remains in office and the promise has not been delivered, but there is also no clear evidence of a serious failed attempt, the best adjudication is unresolved rather than never.