Federal Insurance Office Abolishment Act of 2026

The Federal Insurance Office Abolishment Act of 2026 would eliminate the Federal Insurance Office within the Department of the Treasury and remove the position of its Director. It amends Title 31 of the U.S. Code to strike the office’s statutory authority and updates related provisions in the Dodd-Frank Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act to remove references to the Federal Insurance Office and its Director, replacing them with the Secretary of the Treasury or other federal regulators where appropriate. The bill explicitly states that its abolition does not limit the Secretary of the Treasury’s existing authority over insurance-related matters. The bill affects federal financial regulatory structure by removing a dedicated insurance oversight entity within the Treasury Department.