create a United States Insurance Representative appointed by the Treasury Secretary
Create a United States Insurance Representative appointed by the Treasury Secretary.
Occurrences
Evidence
Congressman Troy Downing introduced the McCarran-Ferguson Restoration Act. The release says the legislation would eliminate the Federal Insurance Office, create a United States Insurance Representative appointed by the Treasury Secretary, and expand state insurance representation on FSOC.
The draft bill text states: 'To eliminate the Federal Insurance Office ... and to establish a United States Insurance Representative within the Department of the Treasury.' Section 3 would amend 31 U.S.C. 313 so the Treasury Secretary must appoint a United States Insurance Representative within one year after enactment.
The U.S. Code page says the text contains laws in effect on June 22, 2026. Section 313 remains titled 'Federal Insurance Office' and provides that the office is headed by a Director appointed by the Secretary of the Treasury.
The official House site states that Republican Congressman Troy Downing is currently serving his first term as the United States Representative for Montana's Second Congressional District.
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