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S5158Referred to Committee

A bill to abolish the Federal Insurance Office of the Department of the Treasury, and for other purposes.

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-07-29
Introduced
3
Cosponsors
S
ⓘ
Type

Sponsor

Ted Cruz
Ted Cruz
Republican · TX · Senator
Votes with party: 74.5% (828 recorded votes)
Top industries funding sponsor:
  • Conservative Groups$464k

Full profile: /officials/C001098

Source: Congress.gov · FEC

Cosponsors (3)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Marsha Blackburn (R-TN)Original· 2026-07-29
  • Mike Lee (R-UT)Original· 2026-07-29
  • Rand Paul (R-KY)Original· 2026-07-29

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

2026-07-29

Source: Congress.gov

Committee Activity

Currently in

  • Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2026-07-29

Plain-English Summary

The proposal would eliminate the Federal Insurance Office, a Treasury Department agency that monitors the insurance industry and advises Congress on insurance-related issues. This would affect insurance companies, regulators, and consumers by removing a federal body that tracks insurance market trends and potential risks. The bill is currently under review by the Senate Banking Committee.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • S2887Route 66 National Historic Trail Designation Act
    Referred to Committee · 2026-07-29
  • S3018A bill to permit visiting dignitaries and service members from Taiwan to display the flag of the Republic of China.
    Reported by Committee · 2026-07-27
  • S4009Falun Gong and Victims of Forced Organ Harvesting Protection Act
    Reported by Committee · 2026-07-27
  • S5110A bill to add requirements for certain literacy activities carried out under the Elementary and Secondary Education Act of 1965.
    Referred to Committee · 2026-07-23