PIA National has led the insurance industry on the movement to repeal the Federal Insurance Office (FIO), and we’re please that Rep. Troy Downing (R-MT) has introduced legislation in the House (H.R. 643) to do so. 

In 2010, advocates of federal insurance regulation succeeded in creating the FIO as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). PIA National opposed the concept of the FIO from the outset. PIA National was the first national insurance association to call for the repeal of the FIO.

There is no greater threat to the state regulation of insurance than this federal bureaucratic office that consistently seeks to increase its power, and PIA is proud to be an industry leader on this issue of critical importance to independent agents.


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