Expand state insurance representation on the Financial Stability Oversight Council by elevating the current nonvoting state insurance commissioner to a voting member.

expand state insurance representation on the Financial Stability Oversight Council (FSOC) by elevating the current nonvoting state insurance commissioner to a voting member

The legislation would give the state insurance commissioner a voting seat on FSOC.

Downing Introduces McCarran-Ferguson Restoration Act | Representative Troy Downing
primary · press_release · model gpt-5.4-mini

The voting members include an independent member appointed by the President, with Senate consent, having insurance expertise. The nonvoting members include a State insurance commissioner designated by State insurance commissioners.

The underlying statute created FSOC with an insurance-expertise voting seat, but placed the state insurance commissioner in the nonvoting category, which is the status the promise sought to change.

never unknown

Public Law 111-203, Dodd-Frank Wall Street Reform and Consumer Protection Act
secondary · model gpt-5.5 · confidence 98%

The Council consists of ten voting members and five nonvoting members. The voting members include an independent member having insurance expertise. The nonvoting members include a state insurance commissioner designated by the state insurance commissioners.

During Downing's House term, FSOC still listed the state insurance commissioner as a nonvoting member, showing the promised elevation had not occurred.

never same_term

Financial Stability Oversight Council 2025 Annual Report
secondary · model gpt-5.5 · confidence 99%

Republican Congressman Troy Downing is currently serving his first term as the United States Representative for Montana's Second Congressional District.

Establishes the relevant federal service window for judging the promise: Downing's first House term began in the 119th Congress, and the FSOC membership remained unchanged during that term in available official records.

unresolved same_term

Representative Troy Downing |
primary · model gpt-5.5 · confidence 95%